Bitcoin in 2016: top news about the Blockchain
As the New Year’s Eve is coming, we decided to share with you the best moments of this year with an article about Bitcoin in 2016.
Involved in the best news about the distributed ledger technology, there are not only financial institutions and bank, but specially well-known companies related to countless sectors.
And his proves how the blockchain could be useful for a lots of use cases.
Microsoft and Bitcoin
For example, in 2016 Microsoft announced its involvement in blockchain projects related to security, identity management, and a tool for developers called Microsoft BaaS.
Also, the worldwide company decided to accept Bitcoin among its available methods of payment on its online shop.
IBM and Watson
IBM was another company who dedicated much effort in blockchain research and projects.
Earlier this year, IBM revealed its new blockchain cloud service for helping companies in developing and testing the distributed ledger.
Also, it announced its revolutionary project called Watson, that together with the distributed ledger are “two technologies that will rapidly change the way we live and work, and our clients in Asia Pacific are eager to lead the way in envisioning and creating that future,” explained Randy Walker, CEO at IBM for the Asian area.
Bitcoin in 2016: annual price high
Bitcoin in 2016 also reached its annual high; and as the year comes to the end, its price continues to test the $1,000 mark and it seeks to set a new three-year high.
HolyTransaction in News
You might now that our company had to face some issues earlier this year, but now we are strong than ever and we’re very happy to having developed a new virtual exchange platform called HolyTransaction Funding.
Thanks to this exchange you can buy and sell bitcoin worldwide with no registration required. This means you can instantly convert your digital currency into fiat currencies and vice versa, without sharing your personal data.
On HolyTransaction Trade you can also create a Bitcoin Virtual Credit Card to buy everything you want online.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
ISITC Survey Reveals Financial Industry focus on the Blockchain
On March 1st, 2016, ISITC, the International Securities Association for Institutional Trade Communication, published the results of its annual survey about the financial services progress which it gives also a specific forecast on how the industry will be during the current year.
This annual survey polled 45 members who work in several sectors within the financial industries.The survey revealed that 62% of companies want to invest in technology with a lot of interest in blockchain and cybersecurity technology and 55% of those companies are studying or already developing solutions based on blockchain technology.
Also 74% of those companies have concrete plans to invest in cybersecurity by the end of 2016/17, up from 57% in the 2015 survey.
Interesting facts about the 2016 survey
This annual survey also revealed:
- 82% anticipate no operational issues related to the move to a T+2 settlement cycle in 2017
- 80% of firms see cost reduction as the biggest challenge for them in 2016/17
- 63% of firms measure operations success on the ability to reduce risk and cost
- 62% of firms named investment of infrastructure an area of operational focus in 2016
A word from the experts…
Jeff Zoller, Chair of ISITC and Vice President at T. Rowe Price commented:
“New and emerging technologies have taken the financial services industry by storm. The results of our annual member survey confirm this sentiment, as firms plan increased investment in blockchain and cybersecurity technologies, as a method for combating long-term risk and cost. We look forward to continuing the dialogue around the challenges and opportunities these disruptive technologies bring to the industry at our March event in Boston”. In addition, according to Nigel Solkhon, CEO of ISITC Europe, the current interest and investment in the blockchain among financial companies will have a significant impact within the next 18 months.
The ISITC 22nd Annual Industry Forum and Vendor Show will be held March 20-23, 2016 at the Renaissance Boston Waterfront Hotel.
Open your free digital wallet here to store your cryptocurrencies in a safe place.