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Tech Giants Make Their Blockchain Bets For 2018

PYMNTS

The product, dubbed Mission Critical Distributed Ledger Technology , will provide companies with hardware so they can operate their own blockchain platforms through their own corporate partners. HPE said its distributed ledger technology (DLT) solution is faster and more secure than bitcoin or Ethereum blockchains.

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Bitcoin Daily: SEC ICO Enforcement Is On The Rise, Israeli Startups Raise $600M Through ICOs

PYMNTS

In other news, an industry report has revealed that Israeli startups have brought in more than $600 million in funding from ICOs in the first three quarters of 2018. And New Zealand private bank ASB has launched a shipment of meat from its home country to South Korea through the use of distributed ledger technology (DLT).

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How Banks Are Teaming Up To Bring Blockchain To Trade Finance

CB Insights

HSBC, Standard Chartered, and others belong to a range of consortia that have had successful pilots using distributed ledger technologies (DLT) to process live trade finance transactions. Benefits of distributed ledger technologies (DLT) . Live briefing: Consumer Banks in The Digital Age.

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Banks And The Blockchain Scramble

PYMNTS

PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. Of those queried, as many as 84 percent of firms are involved with DLT. Companies have dabbled in the lab,” wrote PwC.

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

The average global cost was nearly 7 percent in Q3 2018, and remittances sent from sub-Saharan Africa incurred an average cost of nearly 16 percent. Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments. Mexico transactions in 2018.

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B2B Cross-Border Payments Are Speeding Up

PYMNTS

Cross-border B2B transactions generated about $125 billion in revenue in 2018, leading more FIs and FinTechs to seek to update their infrastructures and better serve the needs of this sizable and growing sector. Fewer than one-quarter (22 percent) stated they will participate in real-time payments within the next year.

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Singapore’s Big Week In Blockchain Progress

PYMNTS

The nation’s excitement over distributed ledger technology (DLT) cannot be ignored. According to reports in the Business Times , Singapore’s central bank participated in a three-hour-long meeting late last week with Hong Kong to discuss the initiative, which has a lot of concerns to consider before the rollout.