French Bank BNP Paribas Puts in “Huge Efforts” to Enhance the Capability of Blockchain

Source : French Bank BNP Paribas Puts in “Huge Efforts” to Enhance the Capability of Blockchain Paris-based BNP Paribas Securities Services believes blockchain technology requires more work before it can be widely used by the company. Blockchain technology is a digitised, decentralised, public ledger of all cryptocurrency transactions. One of the key areas that needs more work is its “integration with existing market practices and stakeholders”, according to Johann Palychata, head of blockchain and digital transformation at BNP Paribas Securities Services. “Blockchain is a technology and the replacement of a settlement system must be carefully designed in order to improve efficiency or offer new services to its users,” Mr. Palychata tells Asia Asset Management (AAM). BNP Paribas Securities has put in “huge efforts” to enhance the capability of Blockchain. “A couple of years ago, it could only deal with basic functions for simple financial instruments. Since then, it has evolved to allow more complex instruments and more advanced functions. The technology will continue to be enhanced in the coming years to enable large scale use in our organisation.” Mr. Palychata adds that regulatory changes are also necessary to allow wider usage of blockchain technology. BNP Paribas Asset Management announced in January that it had successfully completed a full end-to-end fund transaction test using blockchain technology. The test was conducted on Fund Link, the company’s blockchain programme, and FundsFLT, a blockchain-based platform. FundsFLT was developed by Fundsquare, a subsidiary of the Luxembourg Stock Exchange, InTech, a subsidiary of Luxembourg telecommunications firm POST Group, and KPMG Luxembourg. According to Pierre Mottion, global head of transfer agent and fund dealing securities products at BNP Paribas Securities Services, the test demonstrated that Fund Link was able to connect with other block chains, opening the door to a new model of interoperability, and it marks a key milestone for fund distribution. “We are looking to perform other tests with other market initiatives, but also to enrich the functionalities implemented within this new model.” He points out that there is potential for more technology innovation in the fund management space, but that the industry, including its regulators, “must adapt to these changes and respond to the needs of a new generation of investors”. “New technologies are now allowing the emergence of new models, and this test is opening the door to a brand-new fund distribution model, removing trade barriers and simplifying the operating model”. Source

Cellarius Universe (CX) Network: User-Generated Blockchain Story?

Source : Cellarius Universe (CX) Network: User-Generated Blockchain Story? The blockchain technology is poised to leapfrog anyone’s expectations, mainly because of the areas of application. From the simple, straightforward ones like what the many ICOs propose to solve to downright unique, remarkable or rather peculiar ones, this technology is a significant “earthmover.” And to understand the peculiar applications of the blockchain technology, you don’t have to look anyway further than what Cellarius Network is attempting! What Is Cellarius Universe (CX) Network? Whether you call it a blockbuster movie, a thrilling board game, an art marketplace or just anything, then rest assured you’re dead right! Also called CX, this particular blockchain-based universe or what they call the “original cyberpunk franchise” will leverage user-generated assets as a way of creating an interesting, but cohesive, fun-oriented tale. As its developers project, this story will come up with a society similar to that of the future by incorporating blockchain, the sentimental AI technology and the ingenuity of its developers. Cellarius Network is trying to give art lovers a reason to remix, recreate and create fresh content that tells the tale of how the future will be. The universe will have humans, hybrids and AI objects; all with diverse ideologies and varied affinities for technology! Cellarius Universe Is Not Appropriate For Kids And Teenagers! As much as the project looks like it’s straight from a Sci-Fi world, it is merely a premonition of what the future holds. The narrative starts in the near-future and metamorphoses through the galaxy, using written work, art and other means in line with the universe’s future-oriented mythology. It might have subtle aspects of horror, X-rated content, etc.! In a nutshell, Cellarius Network is packaged to be a collective storytelling project with content and contours inspired by the community. It does so by including the now-familiar cyberpunk themes; art, stories, aesthetic notes and everything in-between so long as it portrays the future. When all these come into harmony, the project will have given the humanity a more optimistic place! Cellarius Universe Questions You May Have Answered What Should You Expect From CX? Being the first trans-media franchise, blockchain-based and future-oriented, Cellarius Universe will aim to empower artisans with the ability to think freely and choke fan creativity. It will tear down the conventional content hubs and platforms as a way of arming users with the ability to see the future through the eyes of an “enlightened.” Would You Like To Be Party To This Exciting Venture? Of course, you should! Application for the Alpha will be a chance to unite enthusiasts like you with writers, musicians, illustrators, artisans, tailors and designers, pottery lovers, special effects designers and more. It is a budding ecosystem, although not everyone is guaranteed membership! Why Is It Blockchain-Based, But With No Tokens? After going through the entire website and the Whitepaper, you will be convinced that this project will have a token sale maybe in the future. But the reason for the blockchain is first to …

Plus…Cellarius Universe (CX) Network: User-Generated Blockchain Story?

Cellarius Universe (CX) Network: User-Generated Blockchain Story?

Source : Cellarius Universe (CX) Network: User-Generated Blockchain Story? The blockchain technology is poised to leapfrog anyone’s expectations, mainly because of the areas of application. From the simple, straightforward ones like what the many ICOs propose to solve to downright unique, remarkable or rather peculiar ones, this technology is a significant “earthmover.” And to understand the peculiar applications of the blockchain technology, you don’t have to look anyway further than what Cellarius Network is attempting! What Is Cellarius Universe (CX) Network? Whether you call it a blockbuster movie, a thrilling board game, an art marketplace or just anything, then rest assured you’re dead right! Also called CX, this particular blockchain-based universe or what they call the “original cyberpunk franchise” will leverage user-generated assets as a way of creating an interesting, but cohesive, fun-oriented tale. As its developers project, this story will come up with a society similar to that of the future by incorporating blockchain, the sentimental AI technology and the ingenuity of its developers. Cellarius Network is trying to give art lovers a reason to remix, recreate and create fresh content that tells the tale of how the future will be. The universe will have humans, hybrids and AI objects; all with diverse ideologies and varied affinities for technology! Cellarius Universe Is Not Appropriate For Kids And Teenagers! As much as the project looks like it’s straight from a Sci-Fi world, it is merely a premonition of what the future holds. The narrative starts in the near-future and metamorphoses through the galaxy, using written work, art and other means in line with the universe’s future-oriented mythology. It might have subtle aspects of horror, X-rated content, etc.! In a nutshell, Cellarius Network is packaged to be a collective storytelling project with content and contours inspired by the community. It does so by including the now-familiar cyberpunk themes; art, stories, aesthetic notes and everything in-between so long as it portrays the future. When all these come into harmony, the project will have given the humanity a more optimistic place! Cellarius Universe Questions You May Have Answered What Should You Expect From CX? Being the first trans-media franchise, blockchain-based and future-oriented, Cellarius Universe will aim to empower artisans with the ability to think freely and choke fan creativity. It will tear down the conventional content hubs and platforms as a way of arming users with the ability to see the future through the eyes of an “enlightened.” Would You Like To Be Party To This Exciting Venture? Of course, you should! Application for the Alpha will be a chance to unite enthusiasts like you with writers, musicians, illustrators, artisans, tailors and designers, pottery lovers, special effects designers and more. It is a budding ecosystem, although not everyone is guaranteed membership! Why Is It Blockchain-Based, But With No Tokens? After going through the entire website and the Whitepaper, you will be convinced that this project will have a token sale maybe in the future. But the reason for the blockchain is first to …

Plus…Cellarius Universe (CX) Network: User-Generated Blockchain Story?

Crypto-Marchés : Un analyste prédit une valorisation de 1000 milliards de dollars d’ici à fin 2018

Source : Crypto-Marchés : Un analyste prédit une valorisation de 1000 milliards de dollars d’ici à fin 2018 Matt Hougan, un spécialiste des ETFs – ces fonds indiciels qui permettent de bénéficier de la performance d’un actif financier – a décidé il y a quelques jours de se tourner vers les crypto-monnaies. Il a ainsi rejoint Bitwise Asset Management, une société d’investissement qui propose un fonds indiciel adossé…

What Is Melon Coin?

Source : What Is Melon Coin? Melonport is a pretty intriguing project, mainly because it focuses on building a next-generation asset management computer. The company has been around for quite some time now, and its Melon product has seen some major developments over the past few months. There’s also the native Melon Coin to take into account. What is Melonport? Melonport is a product focusing on building a whole new type of asset management tool. More specifically, the Melon asset management computer is currently being developed by Melonport AG, the private company responsible for building the infrastructure and raising money during the token sale. Its protocol will certainly be of great interest to a lot of people in the financial sector. How Does it all Work? Melon will be a completely autonomous system unlike anything the world of asset management has seen to date. It is being designed specifically for the purpose of cryptocurrency-related asset management. The front and back ends of this project are hosted and executed on a decentralized platform, which is rather unique as far as this business model is concerned. Additionally, the front end of Melon operates on the IPFS system, which further leverages some of the more intriguing technologies which are currently part of the overall blockchain ecosystem. The back end of the Melon protocol has its own domain chain, which is connected to Polkadot. It is quite interesting to see all of these innovative technologies come together to power these new products and services. In fact, it will seemingly be possible to run Melon from the browser directly, which will only add more convenience to this project as a whole. The Melon Chain principle connects investment managers, investors, and exchanges in a decentralized manner without relying on centralized solutions. Whether or not this will be a successful approach has yet to be determined, yet it certainly opens up a lot of new opportunities. The Melon Coin Explained No one will be surprised to learn Melon has its own currency, referred to as the Melon Token or Melon Coin. Its primary use is giving holders the ability to elect a technical council to help determine the future of the project’s development. Additionally, this token powers the entire protocol’s infrastructure, which heavily relies on smart contract technology. The Roadmap for Melonport There is still a lot of work to be done on the Melon project, even though things are looking quite positive already. An audit of the protocol has been completed already, and the project continues to advance. No further specifics have been provided on the website, although it remains to be seen what the future holds. Bringing more value to Melon Coin would be a good idea, yet it remains to be seen how that might be achieved.

Crypto-Marchés : Un analyste prédit une valorisation de 1000 milliards de dollars d’ici à fin 2018

Source : Crypto-Marchés : Un analyste prédit une valorisation de 1000 milliards de dollars d’ici à fin 2018 Matt Hougan, un spécialiste des ETFs – ces fonds indiciels qui permettent de bénéficier de la performance d’un actif financier – a décidé il y a quelques jours de se tourner vers les crypto-monnaies. Il a ainsi rejoint Bitwise Asset Management, une société d’investissement qui propose un fonds indiciel adossé à un panier de crypto-monnaies, en tant que vice-président de la recherche et du développement. Dans un entretien accordé à Bloomberg, il a expliqué sa décision en déclarant notamment que les crypto-monnaies constituaient “une  opportunité générationnelle significative, comportant des défis intéressants“. Il estime que le marché des actifs numériques prochainement peser plusieurs milliers de milliards de dollars – mais qu’une telle flambée s’accompagnera nécessairement de périodes moins enthousiasmantes. “Le chemin qui nous mènera aux 1000 milliards de dollars est relativement certain. En revanche, nous risquons d’atteindre ce seuil de manière ‘inconfortable’, et avec une certaine volatilité. Je pense toutefois que nous devrions y parvenir assez rapidement. Je ne serais pas surpris que nous finissions l’année avec une ‘capitalisation’ de plus de 1000 milliards de dollars. Mais je ne serais pas non plus surpris que nous assistions à nouveau à une baisse significative avant d’y parvenir”. L’analyste estime ainsi que ce chemin vers les 1000 milliards de dollars devrait être semé d’embûches, et qu’une chute de 50% de la valeur de ces actifs pourrait parfaitement être enregistrée. Il a ainsi tenu à alerter les épargnants. “J’estime qu’il est important pour les investisseurs de réaliser qu’il s’agit d’une classe d’actifs extrêmement volatils, très risqués. C’est la raison pour laquelle il est possible d’obtenir des retours sur investissement très importants“, a-t-il indiqué. Lors de la rédaction de cet article, la valorisation de l’ensemble des actifs numériques s’élevait à un peu plus de 454 milliards de dollars, en baisse de 45% par rapport à un record historique enregistré le 8 janvier dernier : M. Hougan a également tenu à s’adresser à celles et ceux qui critiquent, depuis plusieurs années, les crypto-monnaies. Il juge que ces observateurs, qui ne pensaient pas une seule seconde que le Bitcoin serait un jour susceptible de concurrencer l’or et les monnaies fiduciaires n’ont pas pris en compte le fait que les nouvelles technologies “se développent à un taux exponentiel”. Une classe d’actifs bien établie d’ici 3 à 10 ans La nouvelle recrue de Bitwise Asset Management a partagé son sentiment au sujet des périodes baissières auxquelles peuvent fréquemment être confrontés les crypto-marchés. Il a ainsi évoqué les principaux risques auxquels s’exposent les investisseurs qui décident de se tourner vers cette classe d’actifs. Ils estime que ceux-ci sont liés : à la régulation à la technologie au passage à l’échelle des réseaux à la présence d’acteurs malveillants L’analyste semble toutefois persuadé que les “early-investors” disposent d’un net avantage, alors que seule une part limitée des épargnants ont décidé de s’exposer à ces marchés. “Il est possible d’être récompensé avec de forts retours potentiels en prenant dès maintenant de tels risques“, a-t-il indiqué, …

Plus…Crypto-Marchés : Un analyste prédit une valorisation de 1000 milliards de dollars d’ici à fin 2018

ETF Industry Veteran: Bitcoin is a Multi-Trillion Dollar Opportunity

Source : ETF Industry Veteran: Bitcoin is a Multi-Trillion Dollar Opportunity Investing in Bitcoin and cryptocurrencies has always been a rocky ride. Is the volatility worth it? ETF industry veteran and Bitwise executive Matt Hougan certainly thinks so. Generationally-Significant Opportunity Sometimes it’s easy to forget that those of us investing in Bitcoin and cryptocurrencies right now are still the early adopters — and the potential for significant gains down the road is massive. Bitwise Asset Management Vice President of Research and Development Matt Hougan recently appeared on Bloomberg Markets to discuss leaving the ETF industry in favor of “going all in on crypto” — where he made some seriously bullish statements on Bitcoin’s and other cryptocurrencies’ long-term potential. First and foremost, Hougan — who started out in the ETF industry when it was still new and emerging — is attracted to cryptocurrency because he finds the space exciting and positively brimming with potential. He explained: I was looking around for a new, potentially generationally-significant opportunity with interesting challenges — crypto is exactly it. The problems that crypto is trying to solve have total addressable markets in the trillions of dollars. That’s hugely interesting and exciting. And yet the institutional framework for evaluating crypto assets are still new and nascent … So it’s just an exciting space with an enormous amount of potential. Nevertheless, we are still in the very early stages of Bitcoin and crypto, so those willing to accept the volatility need not be scared off by sudden and sharp corrections. Says Hougan: I think the challenge that people have is that they forget that crypto is basically at its core a technology. And like any early-stage technology, we’re a long way from mainstream adoption. Right now crypto’s primary use — Bitcoin’s primary use — is either as a store of value, [or] you’re starting to see it in money transfer. It’s among the early adopters — but that’s true of any technology, right? When digital cameras came out, they weren’t very effective. When cell phones came out, they weren’t very useful. But it changes over time. Bitwise executive calls Bitcoin a multitrillion-dollar opportunity https://t.co/ui0aqT2Pgi pic.twitter.com/azyGoNawJC — Bloomberg (@business) February 22, 2018 Hougan also astutely claims that those who doubt Bitcoin and cryptocurrency simply can’t, or aren’t willing, to look years ahead, explaining: I think the people who can’t imagine Bitcoin as a payment mechanism — can’t imagine it competing with gold — are just forgetting that technology increases at an exponential rate, and they’re unable to look forward to two/three/five years and imagine what it can do at that point … At the core, it is a generationally-important technological breakthrough with massive potential application. So I think there are skeptics but, for the early adopters, there’s significant opportunity. Betting on the leaders Competition in the cryptocurrency space is intense, of course, but Hougan is betting on the already-established players. He explained: Like any early-stage technology, there can be changes in the winners and losers, right? We don’t watch …

Plus…ETF Industry Veteran: Bitcoin is a Multi-Trillion Dollar Opportunity

Blockchain-Based Infrastructure could save Billions of Mutual Funds

Source : Blockchain-Based Infrastructure could save Billions of Mutual Funds Blockchain could bring Financial Benefits to the Asset Management Industry According to the reports, it is said that switching to a distributed blockchain based infrastructure could bring particular financial advantages to the asset management industry. The report from Calastone, which is a transaction network platform for mutual funds’ industry, predicted that switching into the blockchain technology can bring significant beneficiaries for the global mutual funds market by over $2.5 billion a year. Calastone’s deputy chief executive, Ken Tregidgo, told that using a distributed market infrastructure could be used to avoid different companies having to input the same data, thus saving time and reducing errors. During the research, Calastone used data from a 2016 Deloitte study and calculated the Potential Basis Point (BPS) savings in key global markets including UK, Ireland, Luxembourg, Hong Kong, Singapore, Taiwan and Australia. Julien Hammerson, Calastone’s CEO, declared the results to highlight the advantages of using blockchain for automating the full life-cycle of mutual fund transactions, from order placement until the settlement and payment process ends. Recently, Lenovo announced that it is going to Adopt Blockchain Technology for Document Validation with the US Patent. Lenovo stated: “We have the current authentic physical document even if multiple paper copies exist and multiple people have made entries in the chain of modification. If multiple, fake copies of a physical document came into existence, they would show up as orphaned blocks in the chain.”

Report: Mutual Funds Could Save Billions With Blockchain

Source : Report: Mutual Funds Could Save Billions With Blockchain A new report argues that switching to a distributed, blockchain-based infrastructure could bring significant financial benefits to the asset management industry. The release from Calastone, a transaction network for the mutual funds industry, predicts that such a move could slash costs for the global mutual funds market by over $2.5 billion a year. According to an FT report, Calastone’s deputy chief executive, Ken Tregidgo, said that using a distributed market infrastructure would avoid different companies having to input the same data, thus saving time and reducing errors. For the research, Calastone used data from a 2016 Deloitte study and calculated the potential basis point (BPS) savings in key global markets including the UK, Ireland, Luxembourg, Hong Kong, Singapore, Taiwan and Australia. Julien Hammerson, Calastone’s CEO, said the results highlight the benefits of using blockchain to automate the full life-cycle of mutual fund transactions, from order placement through to the settlement and payment process. Work in bringing mutual fund transactions onto a blockchain is already underway. As far back as 2016, five major U.K. mutual fund operators partnered to explore blockchain technology’s cost-saving potential in trading systems. And, in September 2017, Nasdaq and Sweden’s SEB bank revealed that they were testing a distributed ledger platform aimed at allowing participants to trade in real-time, thus simplifying the market’s complex, paper-based transactions. Piggy bank on coins image via Shutterstock The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Report: Mutual Funds Could Save Billions With Blockchain

Source : Report: Mutual Funds Could Save Billions With Blockchain A new report argues that switching to a distributed, blockchain-based infrastructure could bring significant financial benefits to the asset management industry. The release from Calastone, a transaction network for the mutual funds industry, predicts that such a move could slash costs for the global mutual funds market by over $2.5 billion a year. According to an FT report, Calastone’s deputy chief executive, Ken Tregidgo, said that using a distributed market infrastructure would avoid different companies having to input the same data, thus saving time and reducing errors. For the research, Calastone used data from a 2016 Deloitte study and calculated the potential basis point (BPS) savings in key global markets including the UK, Ireland, Luxembourg, Hong Kong, Singapore, Taiwan and Australia. Julien Hammerson, Calastone’s CEO, said the results highlight the benefits of using blockchain to automate the full life-cycle of mutual fund transactions, from order placement through to the settlement and payment process. Work in bringing mutual fund transactions onto a blockchain is already underway. As far back as 2016, five major U.K. mutual fund operators partnered to explore blockchain technology’s cost-saving potential in trading systems. And, in September 2017, Nasdaq and Sweden’s SEB bank revealed that they were testing a distributed ledger […] The post Report: Mutual Funds Could Save Billions With Blockchain appeared first on Bitcoin Wiki.

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