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WSFS taps blockchain firm Intain to automate capital markets transactions

Bank Innovation

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based

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3 Not-So Futuristic Blockchain Applications

Bank Innovation

Blockchain – or the distributed ledger technology – is rushing out of test labs, and into real-life applications. Experts foresee that blockchain will take over money transfers, and will […]. SAN JOSE, Calif.

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World Bank Lands $33M For Australian Blockchain Bond

PYMNTS

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. This isn’t World Bank’s only blockchain project.

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China, Alibaba Are Big Players On The Blockchain Patent Block

PYMNTS

News came recently, when it comes to patents tied to the blockchain landscape, that Thomson Reuters found China, and Alibaba , to have had an outsized showing. Last year, 56 percent of all blockchain patents issued trace their genesis from China. Alibaba Bets On The Blockchain. Yet, blockchain remains an area of interest.

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Overstock Talks Up Its Blockchain-Based Future

PYMNTS

Overstock may be best known as an eCommerce business, but these days its CEO and Founder Patrick Byrne is much more interested in talking about the power of cryptocurrency and blockchain, and how it will be the real future of both the firm and the economy in general. Suffice to say, Byrne remains one of blockchain’s bigger boosters.

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Bitcoin Daily: Security Matters Seeks Blockchain Cannabis Tracker Patent; PwC Starts Taking Crypto Payments

PYMNTS

Australian supply chain-focused blockchain technology company Security Matters has filed a patent application in the U.S. And Huobi Global is getting set to launch NODE, the native token of both Whole Network and its Acute Angle blockchain phone. Given this, the need for devices optimized for blockchain seems clear.

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Blazing a path for blockchain in banking

Insights on Business

According to a report from Santander, blockchain technology is poised to save banks $20 billion dollars a year in infrastructure costs by 2022. Pete Cherecwith, Northern Trust president of Corporate and Institutional Services, avoided viewing blockchain as impressive technology to put to use somewhere.