(see page 35 of their report for full explanation).
I was initially surprised that Osborne was so public in not renewing Wheatley's appointment.
Then I had a quick recollection of April Fools Day last year, (Yep, it was April 1st), and Osborne's direct comments of the Insurance investigation fiasco.
Apart from outlining the FCA Innovation Hub he makes a very insightful comment on start-ups: "The start-up motto is to ask for forgiveness, not permission".
What's it all about?
Blockchain technology has come to fame mostly in supporting cryptocurrencies but the technology is being trialled by small and large financial services companies, who want to better understand the technology and work out suitable use cases.
There is a lot of interest in blockchain technology to support capital markets and particularly the transfer of securities. E.g. Nasdaq Private Markets are publically trying to use blockchain technology.
Bitcoin blockchain functionality is not designed to scale at present and building on top of the current Bitcoin blockchain is very difficult. But others have come to market which are designed expressly for business – eg. Credits Protocol, Ripple.
Nasdaq and Chain to Partner on Blockchain Technology Initiative
Nasdaq today (24/Jun/15) announced a new partnership with Chain, the leading blockchain infrastructure provider to financial institutions and enterprises, to leverage the blockchain platform to facilitate the secure issuance and transfer of shares of privately-held companies. Chain, currently privately-held, plans to be the inaugural company to use the blockchain technology on Nasdaq Private Market.
“I believe that [blockchain] technology has the potential to truly change the way the financial world operates, to reduce costs, reduce efficiency, reduce risks and ultimately provide better customer service, which ultimately is what financially services needs to be all about,” Masters said in the opening keynote at the American Banker’s Digital Currencies + the Blockchain conference.
ESMA should consider "blockchain" and other distributed ledger technologies in conjunction with, but also separately from, virtual currencies.
There is a general perception among market players and securities infrastructures that these innovative technologies can present interesting opportunities for achieving speedy and cost-efficient securities transactions, although there are still many obstacles and limitations to overcome before they can be considered for widespread use.
Anyway, enough on blockchain for now. What I feel is lacking is suitability (there is still a lot of latency in blockchain) and application (financial services likes disruptive [cheaper] technology...but it is less keen on revolution).
Once we have the Financial Services context right, then we'll have a real 'game changer'.
I went for Google’s offering (a choice made by habit rather than education).
18 of the main blog sites are listed here (and interestingly, googles blogger didn't even make the list):
In terms of distribution there is 'push' and 'pull'.
I 'push' the blog out via my personal address book and via a LinkedIn group CCP Clearing Houses: https://www.linkedin.com/grp/home?gid=2026241
People can 'pull' the blog information by following the blogspot or opting for an RSS feed.
After Cardiff, I worried.
After Lords, I relaxed.
After the first day at Edgbastion, I despaired…and that despair perseveres. Finn, once unselectable now rudely exposed our middle order.
The Great Richie Benaud who has sadly passed away.
A great tribute here:
And for another great man who's company I always enjoyed and am grateful for;
Giulio Di Cerbo
I was looking at one politically incorrect site this week and I thought their disclaimer was a nice interpretation of diversity / political correctness.
"If these characterizations offend anyone, please be informed that they are supposed to offend everyone."
-- Les Brown
“The only thing that interferes with my learning is my education.”
-- Albert Einstein