Regulatory regime for initial coin offering on the cards
The federal government is considering regulating initial coin offerings, a niche form of private fundraising for the technologically sophisticated developer community, in a move that could give blockchain-based start-ups an alternative to traditional capital raising. With ICOs around the world largely unregulated, they are considered the “wild west” of capital markets where scams and fraud are rife. But a growing list of global regulators and governments consider regulation could bring advantages, including providing a faster, lower-cost form of fundraising – an alternative to initial public offerings, venture capital, crowdfunding or bank loans – for entrepreneurs wanting to retain full equity in their start-ups. Unlike an IPO or venture capital raising, […]
First accredited blockchain course hits training organisations
The first accredited course for blockchain, the Advanced Diploma of Applied Blockchain, has been developed by Mentor Education in partnership with Queensland’s Blockchain Collective. The Diploma course would consist of eight modules, including six core modules and two electives, and cover topics across analysing the performance of business models deployed on blockchain and preparing an organisation for transitioning operations to a blockchain network. The course would also traverse the recruitment of staff for a blockchain project and the regulatory environment. To read more, please click on the link below…. Source: First accredited blockchain course hits training organisations
Asia-Pacific has a great potential to lead in Blockchain adoption
Putting all the blockchain hype into perspective, if we consider analogous examples of how revolutionary technologies have historically taken root in society – from early adoption to widespread global penetration – blockchain technology can be said to have reached the “early majority” phase. That is, the tech has begun to gain traction and spread exponentially, though we’re still way off from ‘full adoption.’ Even so, with a market size now expected to exceed $16 billion by 2024, we’ll surely witness blockchain changing our world in profound ways over the next decade. The question is how and who will take part in leading. Findings from a Global Market Insights recent report […]
ASX beaten to the blockchain punch by UK group Calastone
The ASX’s distributed ledger for clearing the equities market will no longer be the first time local fund managers rely on a blockchain to process their trades, after British-based Calastone revealed it will switch on its own distributed ledger technology (DLT) in May. Calastone, whose systems automate 80 per cent of Australian institutional fund flows, will beat the ASX by two years to powering on a system promising unquantified cost savings for global investors. ASX is due to belatedly switch on its blockchain, which will replace CHESS, in March or April 2021. Calastone’s software, which manages back-office processes, is used by 95 per cent of Australia’s managed fund platforms and […]
Australian financial instos show support for blockchain
The Australian financial services industry may have seen a shift in sentiment towards blockchain, with major financial institutions supporting BC Gateways’ new blockchain platform, The Gateway. The platform, which is designed for the global industry to publish and distribute any type of structured data, conducted a pilot in Sydney late last year focused purely on distributing pricing data in the Australian wealth management industry, with IRESS, Aberdeen Standard Investments, Perpetual and Equity Trustees among the participants. IRESS chief executive, Andrew Walsh, said it was keen to change the way financial data was delivered, and the multiple connectivity options to the BC Gateway would allow them and other participants to quickly […]
Bitcoin vs. Ethereum: How are they different?
You may have heard of Ethereum. You’ve almost certainly heard of Bitcoin. You may even have heard of people making fortunes off of them. What you may not have heard is what exactly these two projects are. What Are Ethereum and Bitcoin? Ethereum and Bitcoin are two different versions of the same underlying concept called a blockchain token. Each was invented to work as a virtual currency. To understand how these two projects work and differ, you first have to understand the concepts of blockchain and virtual currency. What Is Blockchain? Blockchain is a form of digital data storage. In a blockchain, data are recorded on a series of digital […]
50 person Facebook team plans cryptocurrency payment tech, report says
The purported coin is geared for ordinary money transfers and not investment speculation, according to The New York Times. Ready to send some virtual money to your Facebook friends or WhatsApp contacts so you can split the restaurant bill? Maybe someday you’ll be using a cryptocurrency to do so. Many people in the tech world have soured on cryptocurrencies and their accounting underpinnings, called blockchain. But Facebook remains interested, with a 50 person project underway to build a technology that’ll let members send each other digital money, The New York Times reported Thursday. Cryptocurrencies initially excited fans who wanted a new digital-era payment mechanism, but as the hype increased, investors […]
Identitii joins BIAN to help banks digitise information exchange using Blockchain
Australian Fintech enabling the secure overlay of transaction-level detail on top of financial messages using a private blockchain, has joined BIAN.
