blockchain

Isabel Group and norbloc bring blockchain KYC initiative to pilot

Isabel Group and norbloc bring blockchain KYC initiative to pilot

BRUSSELS AND STOCKHOLM – March 15, 2018 – Last year, B-Hive, a European innovative collaboration platform connecting fintech startups and established financial service organizations, announced the launch of TrustHive. The initiative started with a working group with AG Insurance, Belfius, BNP Paribas Fortis, Euroclear and KBC with the endorsement of other partners of B-Hive (AXA, Baloise, Allianz, ING, SWIFT, Bank of New York Mellon, Isabel Group, MasterCard), for the creation of a blockchain platform to simplify identity management (Know Your Customer – KYC) for corporates.

Benelux organizations sign memorandum to strengthen further collaboration in blockchain within the region

Benelux organizations sign memorandum to strengthen further collaboration in blockchain within the region

Three organizations - B-Hive, the Luxembourg House of Financial Technology (LHoFT) and the Dutch Blockchain Coalition - today signed a Memorandum of Understanding (MoU) that will allow them to leverage their significant collaboration potential for mutual benefit around the topic of distributed ledger technology, otherwise known as blockchain, and allows them to recognize each other’s contribution towards this collaboration. The MoU confirms the mutual interest in collaboration and defines the general guidelines of collaboration among the organizations.

KYC & Identity on the blockchain

Financial digital identity within the realm of financial services , is one of the most important concerns of our time. Financial institutions (FI’s) around the world are required by law to conduct a process known as KYC (know your customer) to establish that a company or a natural person is who they say they are. The problem is that this process can be extremely tedious for FI’s and account holders (both legal entities and natural persons) alike. And as a response, several large companies are attempting to control and own all of the world's most important financial data.

Blockchain – Where trust relies on the technology

Blockchain based  technologies  (distributed  ledgers,  also  called DistributedLedger  Technologies DLTs) enable transactions between participants in a secure, trusted and immutable way, without relying  on  a third  party.  The blockchain is  distributed  and  replicated  between  all participants, allowing unforgettable and fully traceable transactions.

Blockchain is the Economy Stupid

By Thomas Marckx - The Ledger - Cronos

Hi there, you might have experienced it as well. Some bearded guru-type IT-guy is explaining Blockchain technology and the first thing they start to discuss is Bitcoin. If you’re lucky, he uses small and understandable words; if not, before too long you’re drowning in hash-functions, merkle-roots, game theory-based consensus algorithms and bidirectional channels. I’ve seen too many presentations where the speaker loses his audience at lightning speed. This occurs because the potential of blockchain is not technological, it’s economics … stupid.