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17-06-2016, 10:24 AM
The first big scale deployment of blockchain? I reckon, the initial deployments are on "smaller" ledgers, before the biggest trade "ledger" of banking.
Sweden tests blockchain technology for land registry
17 Jun 2016 07:18
[NEW YORK] Sweden is conducting tests to put the country's land registry system on blockchain, the underlying technology supporting the digital currency bitcoin, the Swedish Land Registry said on Thursday.
The Scandinavian country is working on the project with Swedish blockchain company ChromaWay, consulting firm Kairos Future, and telecommunications service provider Telia, the registry said in a statement.
Together, they have come up with a framework or the so-called "proof of concept" through a white paper and technical demonstration of how the Swedish land registry would work on blockchain.
The blockchain technology works by creating permanent, public "ledgers" of all transactions that could potentially replace complicated systems such as clearing and settlement with one simple database.
"In the first phase of the technology, we have tested the process with some banks," Magnus Kempe, director of retail and finance at Kairos Future, told Reuters in a telephone interview on Thursday.
"Now we're on the second phase of the project where we will test in a full-sized environment." Mr Kempe believes the project could go live in the fall this year.
...
REUTERS
Source: Business Times Breaking News
Sweden tests blockchain technology for land registry
17 Jun 2016 07:18
[NEW YORK] Sweden is conducting tests to put the country's land registry system on blockchain, the underlying technology supporting the digital currency bitcoin, the Swedish Land Registry said on Thursday.
The Scandinavian country is working on the project with Swedish blockchain company ChromaWay, consulting firm Kairos Future, and telecommunications service provider Telia, the registry said in a statement.
Together, they have come up with a framework or the so-called "proof of concept" through a white paper and technical demonstration of how the Swedish land registry would work on blockchain.
The blockchain technology works by creating permanent, public "ledgers" of all transactions that could potentially replace complicated systems such as clearing and settlement with one simple database.
"In the first phase of the technology, we have tested the process with some banks," Magnus Kempe, director of retail and finance at Kairos Future, told Reuters in a telephone interview on Thursday.
"Now we're on the second phase of the project where we will test in a full-sized environment." Mr Kempe believes the project could go live in the fall this year.
...
REUTERS
Source: Business Times Breaking News
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡