JP Morgan’s Blockchain Interbank Information Network Expands To Over 100 Banks

Global financial services company JP Morgan has announced that its blockchain-based Interbank Information Network (IIN) now has over 100 member banks. Launched as a pilot in 2017, IIN minimizes friction in the global payments process, enabling payments to reach beneficiaries faster and with fewer steps. The network is utilizing blockchain […]

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Microsoft Quietly Releases Game-Changing Ethereum Proof-of-Authority on Azure

This potential bombshell story has gone largely unnoticed by the crypto community. In a low-key announcement, Microsoft announced the launch of Ethereum Proof-of-Authority on Azure. However, the lack of fanfare around the announcement shouldn’t be mistaken as indicative of the many practical implications of the launch. Writing on the blog, […]

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South Africa’s Central Bank Sees Ethereum Blockchain Only as 'Backup'

The South African Reserve Bank (SARB), South Africa’s Central Bank, has concluded a multi-bank project to test bank-to-bank payment transfers using the Ethereum based platform, Quorum. Project Khokha is a collaboration of eight South African banks including SARB, Absa, Capitec, Discovery, Investec, FirstRand, Nedbank, and Standard Bank. 70,000 Transactions in […]

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IHS Markit Has a Plan to Tokenize the $1 Trillion Syndicated Loan Market

There’s a lot of talk in the financial world these days about putting cash (the fiat kind) on distributed ledgers, but little action beyond proofs-of-concept. That may soon change as IHS Markit, the market infrastructure giant, is developing a new blockchain-based system to handle the payments leg of syndicated loan […]

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ING Bank’s Blockchain Arm Creates ‘Zero-Knowledge Set Membership’

The Dutch multinational bank ING is building upon the Zero-Knowledge Range Proof solution it open-sourced last year. The new feature, dubbed “Zero-knowledge set membership,” will be able to validate multiple compartmentalized pieces of data.   Also see: Binance Has Its ERC20s Audited, Hailing the Future of Best Practices Join the Bitsonline Telegram channel to get […]

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