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Banking Giants Put IBM Powered Blockchain Live

The bank owned currency trading utility CLS has gone live with their blockchain based payment netting service along with IBM after two years of continuous development. Two of the biggest banking firms in the world, Morgan Stanley and Goldman Sachs are the first firms to use the newly launched CLSNet with six more participants from North America, Asia and Europe including the Bank of China (Hong Kong), committed to joining in the next few months. The managing director for technology at CLS, Ram Komarraju spoke to CoinDesk on the matter and said that the system is up and running and...

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Universities Boosting Blockchain Adoption

“The difference between science and technology is that science is pure knowledge and technology is essentially the know-how to implement this knowledge.” That’s how CryptoTicker has explained the difference between the two industries. This has been a distinction we can see in the traditional ‘academia’ versus other industries too. Most of the time a subject is proposed or just simply discovered and then it is researched and then someone finds a use for it and more industries pick them up even though an academic group and is usually based on science and peer-reviewed research. There are plenty of mainstream technologies which...

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Is Blockchain Becoming The Solution To Customer Loyalty Programs?

Image source: akaNRG, Loyalty programs have come a long way since their first iterations. The idea started all the way back in the 18th century when retailers would issue customers with copper tokens that were redeemable against future purchases. Companies quickly realized that metal tokens were expensive to manufacture, and so the practice evolved into issuing stamps and coupons. These days, many brands have some kind of loyalty program — think Amazon Prime, Starbucks Rewards or the Starwood Preferred Guest schemes. The fundamental idea hasn’t changed much over time. However, practices have evolved to incorporate mobile apps and card-based systems....

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Blockchain Technology Continues To Make ‘Mooves’ In South Korea

South Korea to many is considered as one of the leaders of the blockchain and cryptocurrency revolution. Like local rivals, Japan, South Korea want to be seen as one of the hottest places to be when it comes to cryptocurrency and blockchain technology. As a result of this, many of us do see a blockchain revolution happening in South Korea in the not so distant future, as a sentiment to their passion for technological innovation. That’s if Japan doesn’t beat them too it of course! Either way, this healthy rivalry is very important, it is encouraging a culture of collaboration...

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Ethereum Blockchain Is Attracting The Wrong People

Ethereum has broken the headlines for a number of different reasons this week. The big news of the week came as a result of a slight ‘flippening’ that saw XRP finally surpass Ethereum by market capitalisation, knocking Ethereum off the top spot that it has held for an awfully long time now. What has happened here? Ethereum is most known as the second most popular cryptocurrency in the world. Indeed, by market capitalisation this is no longer the case, after sinking value and sinking market capitalisation within Ethereum allowed XRP, the token native to Ripple’s technologies, to finally overtake Ethereum...

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