• A useful map of Southeast Asia, in case one were to get lost (via Shutterstock).
    Asia & Australia

    Central banks across Southeast Asia are embracing blockchain

    Serving the unbanked and leapfrogging inefficient interbank and international settlement systems are a major focus

    Financial authorities across Southeast Asia are embracing blockchain technology and digital currencies as a way of helping the poor get better access to banking services that can help lift them out of poverty, as well as speeding and improving interbank payments and cross-border settlements.

  • "I want to be buried in Hudson County so that I can remain active in politics," remarked late NJ governor Brendan Byrne (via Shutterstock).
    Technology,  United States

    Blockchain technology to tackle another American election

    After a successful test in West Virginia, blockchain-based voting moves to Denver, and beyond politics to shareholder meetings

    Eighteen years after the Florida hanging chads debacle cast the legitimacy of an American president into doubt, the voting technology introduced to fix those problems remains so vulnerable to hacking that the National Academy of Sciences, Engineering, and Medicine in September urged a return to paper ballots and an end to Internet voting. That’s a problem blockchain developers think they can fix.

  • money laundering
    Technology,  United States

    Financial institutions fighting money laundering warm to blockchain technology

    Storing Know Your Customer data on a secure blockchain can simplify an expensive and frustrating legal process

    Enterprise blockchain software firm R3 recently completed a proof of concept test of its Know Your Customer (KYC) application built on its Corda blockchain platform, French financial institution RCI Bank and Services announced on Dec. 3. KYC requirements are part of the due diligence needed to meet Anti-Money Laundering (AML) regulations, an important but time- and money-consuming process used in the financial industry. Twenty-six firms participated in the test of CordaKYC, including insurer Allianz France and banks BNP Paribas and Societe Generale. In June, R3 announced that a group of 39 firms in 19 countries, including Deutsche Bank, ABN AMRO, and the Federal Reserve Bank of Boston completed KYC transactions…