Category: Blockchain

Regulators Plan a “Global Sandbox” for Fintech

Daily Fintech, Ilias Louis Hatzis | Aug. 13, 2018
In July, China’s third-largest bank issued the country’s first mortgage loan on the blockchain, using technology issued by the National Agricultural Bank System. Ultimately, the lender, the Agricultural Bank of China (ABC) plans to offer tea farmers e-loans and use land rights and housing property as guarantees. Thus, ABC’s e-loan project requires similar collateral information to the mortgage loans.

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China’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain

Press Release, Agricultural Bank of China | July 31, 2018
In July, China’s third-largest bank issued the country’s first mortgage loan on the blockchain, using technology issued by the National Agricultural Bank System. Ultimately, the lender, the Agricultural Bank of China (ABC) plans to offer tea farmers e-loans and use land rights and housing property as guarantees. Thus, ABC’s e-loan project requires similar collateral information to the mortgage loans.

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Citigroup and Barclays Sign Up for Trial Blockchain Project

Press Release, CLS | July 30, 2018
CLS, a market infrastructure group, and IBM are collaborating on a proof of concept (PoC) for LedgerConnect, a distributed ledger technology platform for the financial services industry to enable banks to deploy services on a shared distributed ledger network. Nine financial institutions—including Barclays and Citi—are participating in the PoC. Upon completion of a successful PoC, generation of market demand, and receipt of all necessary regulatory approvals, CLS and IBM plan to make the LedgerConnect platform widely available to the industry.

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The World of Blockchain

Fortune’s Balancing the Ledger, Bridget van Kralingen | 07/17/18
A the end of 2016, IBM created a special division to focus on the development of blockchain software that is secure, permissioned, scalable and easy to build, according to IBM’s Bridget van Kralingen in this Fortune interview. IBM invested heavily in the development of blockchain software for both small developers and big enterprises. In a partnership Linux Foundation and 200 other organizations, IBM heavily supported the development of an open source Hyperledger software, which is the fabric that blockchain is built on. Ms. Van Kralingen discusses all things blockchain and IBM’s efforts to help create blockchain solutions for payment and supply chain applications.

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