Kuala Innov Share Discussion Threads

[keya5000] 19/11/2015 22:15

Blockchain seems massive, I have worked in the payments industry and when you look how could revolutionise that sector you think wow, then you look at all the other applications and its a double wow!

Let's hope we can get 20%+ of the two investments we have in that sector.

[loverat] 19/11/2015 22:04

Oh dear!

tobytime73
13 Nov'15 - 08:12 - 426 of 435 0 0


The stig aka thosewhocando you were advising people not to buy OPTI at 20p in jan. it hit £1 yesterday!! you also advised folks not to buy fotbug at 0.3p. it went onto to hit 20p levels!!

[doodlebug4] 19/11/2015 15:49

CommBank steps up blockchain interest 3 hours ago

Australia's Commonwealth Bank is partnering with think tank Coala to run a two-day blockchain workshop in Sydney. The bank says the conference will bring together regulators, policy makers, technologists and media "to better understand the upcoming challenges and opportunities of blockchain technologies, and their impact on the current social, economic and political order".

CommBank has already conducted its own experiments with blockchain technology, working with US startup Ripple to transfer funds bank-to-bank across its subsidiaries.

Commonwealth Bank CIO David Whiteing says the Coala event offers an opportunity for Asia-Pacific regulators, government officials, academics and technologists to hear from some of the world’s leading blockchain academics and experts.

“The conference provides both entry-level education and in-depth discussions about the huge potential of distributed ledgers and the resulting economic, commercial, legal and social policy questions,” he says. “Blockchain has the potential to transform banking in the way that the internet transformed how we buy music and watch movies. It’s an exciting time in the development of this technology and our involvement means Commonwealth Bank is set to be at the forefront of this in Australia for the benefit of our customers."

www.finextra.com

[doodlebug4] 19/11/2015 15:35

moormoney, I think once we get the awaited news of the next placing out of the way we will then see more buying as I suspect there are quite a few lurkers sitting waiting for the details of that and I'm sure once the company name change is operational on Tuesday Jim Mellon will get into marketing mode. As keya has pointed out, Jim will be expending his energies on making sure this company is successful.

Just for info, I put two visitor counters in the header at lunchtime today just to gauge the level of interest here.

[flashheart] 19/11/2015 15:04

Lol I know. Hopefully management will agree too.

[doodlebug4] 19/11/2015 14:54

flash, you keep saying it and we keep agreeing with you!

[moormoney] 19/11/2015 14:53

I agree . I'm just waiting for some others to give me some profits..underwater at the moment! Grr!

[keya5000] 19/11/2015 14:44

Flash I think that's the future for this one, massive short term potential in that area.

[flashheart] 19/11/2015 14:43

I know I keep saying this but we really need to up our stake in this big time.

[doodlebug4] 19/11/2015 13:22

Factom ‏@factomproject 3 hrs3 hours ago
TODAY @LaurenceTiana @factomproject on #Bitcoin & the #Blockchain: An Uncensored #FinTech Disruption Talk @lisacheng …

[keya5000] 19/11/2015 12:21

Jim Mellon is also presenting at a large investor conference next week.

[doodlebug4] 19/11/2015 11:53

flashheart, there is going to be quite a lot of news coming out next week with the General Meeting on Monday and the change of name effective from Tuesday and for that reason I would have thought the terms of the second placing would have been announced before then.

I'm looking forward to seeing what the new FastForward website looks like - and a new logo presumably?

[flashheart] 19/11/2015 09:30

Interesting snippets. I think that when the details of the second placing (which we are already aware of) is announced, it will be accompanied or closely followed by details of the next investment whether it be new or an increase to a current one.

[doodlebug4] 19/11/2015 09:26

" Blockchain technology is exciting, but many people are put off by the technical and abstruse concepts underpinning it. Proponents of the technology talk about strange things like cryptographic hash functionsand public key encryption. They also refer to obscure mathematical puzzles like the Byzantine Generals problem in order to explain how it works. This is daunting. Many wonder whether they have to master this obscure conceptual vocabulary in order to understand what all the fuss is about.

If they want to engage with the technology at the deepest levels, they do. But to gain a high level understanding of how it works, and to share some of the excitement of its proponents, they don’t. My goal in this post is to provide that high-level understanding, and to explain how the technology could provide an underpinning for things like smart contracts and smart property. With luck, this will enable people to see the potential for this technology and will pique their interest in its political, legal and ethical implications."

[doodlebug4] 18/11/2015 15:27

Factom is one of the platforms mentioned in this report:

Capgemini: Finance 'Can't Ignore' Blockchain Tech
Pete Rizzo (@pete_rizzo_) | Published on November 18, 2015 at 13:00 GMT NEWS

A new report from consulting and technology services firm Capgemini advises financial services firms that they can no longer "afford to ignore" blockchain technology.

Released on 13th November, the paper argues that the blockchain and distributed ledgers have the potential to broadly impact traditional financial services providers. It proceeds to outline steps affected institutions can take to evaluate various platforms and players currently available.

Overall, the report argues that traditional financial providers will look to the technology as a way to reduce costs related to data management in the short term and make existing processes "more efficient, transparent and inexpensive".

The report reads:

"Blockchain changes the IT paradigm for processing and has the potential to create a very different model for managing transaction-processing contracts. It also enables all processing to be done over a distributed systems network or in the cloud, avoiding the use of costly data centers and mainframes."

Included is Capgemini's nine-step approach to evaluating blockchain technology providers, which encourages institutions to analyze factors including security, decentralization, privacy, scalability, usability, extensibility, cost, operational impact and community support.

In addition to highlighting the bitcoin blockchain, other platforms mentioned as part of the report include BitShares, Counterparty, Ethereum, Factom and Ripple.

The report further highlights the differences between permissionless blockchains – those that do not restrict participants from transaction verification – and permissioned alternatives that allow for more control over who participates in the creation and procurement of a shared ledger.

Capgemini's latest release comes amidst an uptick in research reports seeking to appeal to enterprise financial services providers and aimed at assessing blockchain technology. In recent weeks, similarly positive reports have been published by firms such as Tabb Group and GreySpark Partners.

Image via Capgemini

coindesk.com

[keya5000] 18/11/2015 14:51

Be interesting to know what percentage of the company that gave them.