VMware Releases Blockchain Platform
PALO ALTO, CA–VMware has made commercially available the VMware Blockchain product. Businesses are provided an extensible and scalable enterprise-grade platform to unlock data silos and free up data so it can flow securely, privately and instantaneously. Here are the needs that VMware Blockchain meets. Businesses run on data and workflows …
Cambridge, Ripple Partner on Cross-Border Payments
TORONTO, ON–Cambridge Global Payments has partnered with Ripple to deliver cross-border payment solutions to business-to-business (B2B) customers, using RippleNet, Ripple’s global payments network. This partnership will be of particular importance to small-midsized enterprises (SMEs). Traditional global payments systems currently involve many intermediaries, which can slow down payments and increase the …
Why blockchain for payments?
By Wally Vogel You have probably heard all the blockchain hype and are wondering when or if it will actually play a role in your day-to-day business. Blockchain has often been described as a solution looking for a problem. As a result, you may have seen guides to help decide …
Is Blockchain Moving to the Mainstream?
By Monica Eaton-Cardone The J.P. Morgan Chase blockchain-based Interbank Information Network (IIN)’s launch of the JPM Coin digital currency has sparked renewed international interest in both cryptocurrency and blockchain. The company recently announced that 220 banks have signed on to IIN, a major development that will impact payments and other …
Canada needs blockchain
By Alastair Johnson The federal government’s Budget 2019 included a proposal for an oversight framework to ensure that “retail payment services providers can continue to offer innovation in services, while remaining reliable and safe”. What’s interesting is that this declaration was not followed by any statement regarding the use of …
Blockchain: good governance matters
By Oscar Roque Many view blockchain as a disruptor. But here at Interac we see it as an enabler. To date, our journey has been an exciting one—exploring and experimenting with blockchain technology—while applying it to new use-cases and problem sets. With over three decades of building payments ubiquity in …
Bank of Canada, MAS trial DLT
Blockchain The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies and distributed ledger technology (DLT). This is the first such trial between two central banks, they said in a release. These technologies have …