[ad_1]
Banking in blockchain – with payments in real time as a kicker?
CoinDesk reported this week that Signature Bank, based in New York, is launching a blockchain-based digital payment platform oriented towards real-time transactions.
With the dawn of the new year, the platform, known as Signet, will enter service on January 1 and allow customers to make transactions at any time. The funds, the site states, can be sent from one customer to another and made directly, which means that intermediaries and commissions are bypassed and eliminated.
A minimum balance of $ 250,000 is required for holders who make transactions on the platform.
The platform is under construction, said CoinDesk, with TrueDigital Holdings, which is also located in New York and has trained its efforts in the exchange and settlement made through the blockchain infrastructure. The approval came from the New York State Department of Financial Services for Signature Bank to offer these services within the state. It is also a nod to the Federal Deposit Insurance Corp., which approved Signet deposits, and where insurance will be insured "up to legal insurable amounts." As reported by CoinDesk, Scott Shay, who serves as president of the Signature The bank's board of directors said that a "number" of industries could benefit from real-time transactions, such as power distribution.
Elsewhere, some skepticism
And between hope – some disillusionment, perhaps?
Separated from the aforementioned news, Computerworld reports that in a joint report by the Conference on Monitoring, Evaluation, Research and Learning (MERL) last fall, researchers found that the blockchain "not delivered on credits" after studying dozens of cases of use of blockchain. Those same researchers said that when they were trying to get data on various blockchain projects, "nobody was willing to share data".
"Despite all the clamor about how the blockchain will bring unprecedented transparency to processes and operations in low-trust environments, the sector itself is opaque, and we have determined that the lack of evidence to support the blockchain value claims in space international development is a critical gap for potential adopters, "they added.
Among the value that was found: the researchers found that concept demonstrations could serve as an "incentive to question what we do, why we do it and how we could do it better," Computerworld said.
The site noted that, for Avivah Litan, a vice president of Gartner, the above report was unbalanced. He argued that the researchers did not try to find out why blockchain projects did not offer the stated goals.
"At the start of 2018, we had already said … 99% of business projects are endless, 99 percent do not need technology, they do not leave the lab, they are the result of the CEO's fear of losing – the FOMO phenomenon, "Litan told Computerworld. "That said, it's a very valuable technology, people started trying to use it before it was ready for the early evening, which is true in the world of cryptocurrencies and in the blockchain business world."
[ad_2]Source link
