Blockchain

• [New] Not many companies have implemented blockchains in Taiwan, making it difficult to estimate the number of companies in different industries that will employ blockchain technology.
• [New] The technology behind cryptocurrency, i.e., Blockchain might add $1.76 trillion to global GDP in 10 years.
• [New] Disruptive technologies such as AI and blockchain are changing the way we perceive learning and education in the last decade.
• [New] The emerging economies of the Asia-Pacific region represent an unprecedented opportunity to experiment with low-cost innovation and open regulatory frameworks of blockchain technology across the insurance sector.
• [New] EY will specifically offer its two blockchain solutions - EY Blockchain Analyzer and EY OpsChain - through the Chinese national blockchain initiative, the Blockchain-based Service Network.
• [New] EY will deploy its blockchain products on the Ethereum blockchain and Blockchain Open Source a platform run by Tencent-backed Financial Blockchain Shenzhen Consortium, or FISCO. / China
• [New] According to Deloitte, over 50% of worldwide organizations see blockchain adoption as their strategic priority, with 86% of executives expecting it to go mainstream, and 77% recognize that not adopting blockchain could cause them to lose their competitive edge.
• The G7's meeting comes as China makes major progress in rolling out its Blockchain Service Network, or BSN, with big four consulting firm Ernst & Young announcing it will deploy two blockchain-powered products on the BSN last week.
• In the last couple of years, Malta has become a centre for what the future might hold for many wealthy, tech-savvy countries like the UAE: blockchain technology.
• Via the Chinese national blockchain project, the Blockchain-based Service Network, EY will directly sell its two blockchain applications, EY Blockchain Analyzer and EY OpsChain.
• The blockchain and digital asset industry will play a critical role in building a sustainable future for global finance.
• Maersk expected to enhance the transparency of its global supply chain by facilitating global trade using the TradeLens platform, which uses blockchain technology to enable users trading in a simple, secure and real-time environment.
• EY teams will use BSN's forthcoming controlled-access service to help enable regulatory-compliant access to the Ethereum network in China.
• EY teams will use Blockchain Service Network to offer EY Blockchain Analyzer and EY OpsChain to users in China and across the EY Asia-Pacific region on the FISCO BCOS platform.
• TRISA enables cryptocurrency companies to comply with the Financial Action Task Force regulations that will shape the world of cryptocurrencies and bring them to institutional prominence as investment and cross-border payment technologies.
• The future of blockchain in 2021 will witness the interoperability of blockchains with conventional financial and banking organizations.
• The domination of China in the field of blockchain will be one of the top predictions for the future of blockchain.
• One of the foremost trends that could dominate the future of blockchain in 2021 is the integration of blockchain in government agencies.
• Visa's belief in the opportunities of blockchain technology and digital payments is not new.
• Chainalysis will help Barclays to conduct transactions with companies that actively use blockchain and bitcoin, while Wave uses blockchain technology to produce paperless processes for bills of lading - a document required to give title to a shipment of merchandise.
• ICAP's post-trade risk and information (PTRI) division has completed a proof-of-technology test case for a distributed ledger using blockchain technology.
• The research, released at the Sibos conference in Toronto, revealed that just over 25% of respondents think that blockchain technology will substantially change the global payments experience.

Last updated: 21 February 2021