UK housing minister Eddie Hughes calls the government on to focus on the Blockchain technology and benefits it can bring. According to Hughes, Blockchain has the potential to “enable social freedom, to increase efficiency, and to rebuild societal trust.” As a role model for authorities, the minister uses Estonia, which is now considered to be the leader in the Distributed Ledger Technology. His report named Unlocking Blockchain, other than listing Blockchain use cases in details, also refers to AI (Artificial Intelligence) as a key technology to be considered on the par with DLT.
The European Banking Authority (EBA) has published a report on July 3, in which analyzes the benefits and prudential risks that newborn Financial Technologies (FinTech) bring to institutions. In the lengthy introduction, EBA informs that the present report is aimed at raising awareness within the community. EBA lists 7 use cases of FinTech, while in only 2 of them speaks about Distributed Ledger Technology (DLT): smart contracts for trade finance and streamline Customer Due Diligence (CDD) processes. read more
The Bank of England (BoE) has revamped its payments framework making it compatible with distributed ledger technologies (DLTs), Reuters detailed Monday.
What’s So Great About Great Britain’s Payments System
Real-Time Gross Settlement system (RTGS) is fundamental for banking and trading in Britain and conducts transactions worth circa £500 billion every year – around 33% of the nation's economic output. The updated system is going to be launched by 2020, and will be resistant to digital assaults while being accessible to an extensive number of smaller organizations. This would empower them to use the framework directly, rather than through an intermediary of a large bank. read more
The University of Malta has signed an agreement with the Malta Information Technology Agency (MITA) to offer a €300,000 ($351,000) blockchain and distributed ledger technology (DLT) scholarship, Times of Malta announced August 29.
Making the Future Bright for the Technologies
The grant is established for students specializing in information and communications technology (ICT), engineering, finance and law. It will be split over 3 years. Students studying blockchain and DLT can apply for the fund to benefit for Master's and PhD researches.