Kuala Innov Share Discussion Threads

[keya5000] 22/11/2015 09:11

Doodle you are going to have to create a new thread next week, don't think advfn port the ticker change over?

Have you posted this yet?



Seems like TW is a massive fan, wonder if Fast Forward is investing in coinsilium?

[doodlebug4] 21/11/2015 16:09

"Banks trying to jump on the train."

[doodlebug4] 21/11/2015 08:35

State Street Names ‘Blockchain Advocate’ to CIO Role
Pete Rizzo (@pete_rizzo_) | Published on November 20, 2015 at 22:17 GMT NEWS

Financial services giant State Street is touting the blockchain experience of its newly appointed executive vice president and global CIO.

In a press announcement yesterday, State Street revealed Antoine Shagoury, the former CIO of the London Stock Exchange Group (LSEG), would join the investment management services firm, making a point to highlight Shagoury’s advocacy for blockchain technology while at LSEG.

In interview, global head of enterprise data Chris Perretta framed his firm's interest in the blockchain, as well as new employees who embrace innovation, as a key part of its broader effort to define how its product will look "five, 10 and 20 years out".

Perretta told CoinDesk that State Street believes blockchain technology could one day help the company offer clients products "faster" while delivering them "more securely".

He remarked:

"We’re interested in blockchain as a style of computing and its ability to automate the trust process. Access to information is becoming quicker and new technologies are emerging every single day. With the move from traditional to digital technologies, we need to be ahead of this trend."

He went on to state that he believes blockchain tech will have an impact on financial processing, settlement and recordkeeping, but that cross-industry coordination would be needed to unlock these benefits.

State Street is notably one of a number of financial services firms that has partnered with distributed ledger startup R3, which added five new banks to its efforts this week.

As for how Shagoury will advance any of these specific efforts, Perretta was less clear, preferring to emphasize his "history in driving technology and digital change".

Www.coindesk.com

[doodlebug4] 20/11/2015 21:13

"Santander InnoVentures recently reported an example of these savings, stating that implementing blockchain technology could save the banking industry more than $20 billion a year on infrastructure costs alone. The technology’s scalability eliminates discrepancies and reduces the personnel needed to complete banking operations. In the future, these systems could be integrated with accounting software, providing CFOs (and anyone else given permission) access to streamlined information culled from the same familiar systems already in use."

[keya5000] 20/11/2015 15:45

Doodle give it a few weeks and I think anything in single figures would have represented a very good buy.

[doodlebug4] 20/11/2015 15:30

I suppose you are all going to tell me I should have waited until today before topping up!:-)

[keya5000] 20/11/2015 15:04

Well that got you all out of hiding!

I will suggest we all buy some daily if it promotes such a spree....lol....

[moormoney] 20/11/2015 15:01

Yes 8.17 for a few more for me. Next week I think interest will be back :))

[flashheart] 20/11/2015 14:56

Yes a bit misleading.

[keya5000] 20/11/2015 14:55

Flash like mine showing to be a sell.

[flashheart] 20/11/2015 14:54

I just got another 100k as well at 8.17.

[doodlebug4] 20/11/2015 14:53

I topped up a few more at 8.49p earlier this week keya.

[keya5000] 20/11/2015 14:42

Just got a few more , think chances close to 8p will soon be gone.

[doodlebug4] 20/11/2015 13:32

Are you an Imogen Heap fan wolf9 ?!

[wolf9] 20/11/2015 12:48

hopefully get news of the new investment next week too to coincide with the name change

[doodlebug4] 20/11/2015 10:55

A lot of interesting reading in this link.

[doodlebug4] 20/11/2015 10:39

There's a lot of reading in some of these links, I'm glad you enjoy them moormoney.

I'm curious to see how next week unfolds. Will the mms mark up the price at the start of trading in FFWD on Tuesday morning? Perhaps it depends on how much press coverage there is and various other factors.

[moormoney] 20/11/2015 10:14

Good finds doodlebug thank you.

[doodlebug4] 20/11/2015 09:28

HSBC Says Blockchain Technology Could Assist With Economic Stimulation
Matthew Warner November 20, 2015

HSBC, the British banking and financial services institution, has been reported as saying, according to a document obtained by Business Insider, that central banks like the Federal Reserve and Bank of England could utilize a blockchain to distribute money directly to the public in an effort to stimulate economic growth – a digital version of Milton Friedman’s ‘Helicopter Drop’ where deflation would be combated by dropped money out of a helicopter onto the public.

Currently, one of the main ways in which banks control the economy is by varying interest rates; however, this does not necessarily give the desired results as there is no guarantee on how much money will make it into the economy and there is a risk of people getting into debt and doing little to contribute to the growth of the economy. Injecting money directly to a system’s users would bypass some of the problems although there is still an issue with calculating the right amount of money, such that it stimulates growth yet does not lead to inflation.

According to the document obtained by Business Insider, HSBC believes:

If we move towards an economy where all transactions become recorded in real-time on a Blockchain type of technology, it will not be too dissimilar to the current eco-systems that many ecommerce giants have around the globe. Online e-commerce stores are able to give out loans to merchants without collateral, because they know all the flows already from the merchants’ point of view: from how much people are spending to the conversion rate of pages viewed to purchases. In the same way, a modernised monetary transmission system, based on real-time big data analysis through Blockchain, could allow the government to balance the economy more efficiently and systematically.

The end goal of the idea would be that with such an increase in information on the state of the economy and a direct system of interjecting money, the government could effectively regulate the economy, although the blockchain being used would have to be one where individuals could be identified to ensure the money was distributed to the correct people.

HSBC has joined 24 other major global banks in taking part in R3’s research and development project for determining blockchain technology standards in banking and finance.

www.allcoinsnews.com