Tag Archives: Blockchain

US Treasury Offers Advice to Government Agencies

The US Department of the Treasury published a blog post offering advice to other government agencies that are interested in adopting blockchain or distributed ledger technology (DLT) in their internal systems. The post, which was drafted by the Treasury’s Bureau of the Fiscal Service (BFS), includes several lessons that officials gleaned while experimenting with a proof of concept blockchain system. Continue reading US Treasury Offers Advice to Government Agencies

JPMorgan Considers Making Blockchain Platform Quorum

JPMorgan Chase is considering making Quorum, its Blockchain and smart contracts platform, into its own company, Bloomberg reported yesterday, March 23. A unnamed source told Bloomberg that no conclusion has yet been reached about whether Quorum would function better as an independent entity, which could potentially attract more partners. The Financial Times adds that other unnamed sources have said that the JPMorgan label attached to Quorum may be steering away potential partners that are also competitors of JPMorgan. Continue reading JPMorgan Considers Making Blockchain Platform Quorum

Tennessee Passes Bill Recognizing Blockchain, Smart Contracts

The governor of Tennessee signed a bill recognizing the legal authority to use Blockchain technology and smart contracts for electronic transactions on March 22, according to legislative tracking site Legiscan. A summary of the bill reads that it “recognizes the legal authority of blockchain technology and smart contracts in conducting electronic transactions.” The bill also makes a provision that, “protects ownership rights of certain information secured by blockchain technology.” Continue reading Tennessee Passes Bill Recognizing Blockchain, Smart Contracts

UK Fintech Settles Security on Ethereum Blockchain in a World-First with Microsoft

The blockchain has just disrupted another niche. UK-based Nivaura in partnership with Microsoft’s Azure cloud has proved in a test case that the public ledger can be used to support regulated assets. The blockchain is an increasingly attractive option as the payments industry continues to embrace cryptocurrencies and even digital fiat money. Continue reading UK Fintech Settles Security on Ethereum Blockchain in a World-First with Microsoft