Generation Z: How post-millennial young people are engaging with blockchain

Feature In 2019, Gen Z surpassed millennials and baby boomers to become the largest generation in the world, making up a third of the global population. This demographic dominance alone makes those born between 1995 and 2010, an important consideration for cryptocurrency markets and blockchain tech firms. What’s more, Gen Z’s comfort with and strong preference for digitised transactions makes them an even more important demographic in these...

Blockchain lags behind other technologies in finance adoption for now, says Broadridge

Global fintech firm Broadridge Financial Solutions has released a new report on next-gen technology adoption amongst financial services firms.

It finds that, of the four ABCDs of innovation (AI, blockchain, cloud, and digital), blockchain technologies are currently being implemented the least.

Of the 1,000 C-suite executives and direct reports that were surveyed, only 15% are currently at mid to advanced stage implementation of blockchain technologies. This compares to...

KPMG, BitGo, and Coin Metrics launch combined offering for public blockchains

Global accounting firm KPMG has announced the launch of a suite of products and services designed to enable increased adoption of cryptoassets and public blockchains in a combined offering with digital asset firms BitGo and Coin Metrics.

The collaboration seeks to bring KPMG’s Chain Fusion services, capabilities and accelerators; BitGo’s custody technology; and Coin Metrics’ data and intelligence products to market through a deeply integrated offering.

The...

Assessing the rise of DeFi – and how data will drive fintech in 2021

2020 saw a notable increase in the need for and availability of fintech solutions across various industries, such as personal banking, transportation, and food service, with many apps already utilising data aggregation techniques to make one-touch purchases and payment options the new standard. Companies like Uber and Amazon use frictionless data aggregation to curate a unique user experience while realising new revenue opportunities.

The success of these and similar applications...

Xi’an Jiaotong University establishes blockchain research institute with Future FinTech

Future FinTech (FTFT), a leading blockchain eCommerce company and a financial technology service provider, has announced that its wholly-owned subsidiary, Future Commercial Group, has begun cooperating with the School of Economics and Finance at Xi'an Jiaotong University to establish a blockchain finance research institute.

Future Fintech and the School of Economics and Finance of Xi'an Jiaotong University will cooperate to jointly establish the blockchain finance institute, which...

Volvo owner Geely and Concordium announce joint venture for China blockchain services

Volvo owner Geely Holding and Switzerland-based Concordium have signed a joint venture deal that will provide Chinese customers with blockchain technology that can be used to build new business models and create decentralised applications.

The joint venture, which is expected to be operational later this year after regulatory approval is secured, will use Concordium’s blockchain technology to help customers build businesses focused on issues such as digital identity, as well as...

Umbria partners with Polygon to support development of DeFi protocol

Umbria Network, a decentralised finance (DeFi) platform on the Ethereum blockchain, has announced it will be building its applications on the Polygon network.

Polygon, formerly known as Matic, provides scalable, secure, and instant Ethereum transactions using plasma side chains and a proof-of-stake (PoS) network. It is one of the most active layer-two Ethereum scaling solutions in existence today.

Its developer support program is designed to help developers overcome...

First ever digital artwork to be sold at Christie’s – made possible by blockchain

Major auction house Christie’s will open bidding this month for an online-only sale of ‘Everydays – The First 5000 Days’ by prominent digital artist Mike Winkelmann, known online as Beeple.

The sale is claimed as first time that a purely digital NFT (non-fungible token) based work of art has ever been offered by a major auction house.

Since 2007, Winkelmann has set out to create and post a new work of art everyday indefinitely. Everydays is a compilation of those...

ShapeShift report cites Cosmos, Polkadot, and NEAR as key emerging smart contracts tech

Cryptocurrency exchange platform ShapeShift has released a new in-depth report on new smart contracts protocols - and has cited Cosmos, Polkadot, and NEAR with particular potential for decentralised applications (dApps).

The report, authored by Kent Barton, head of research and development at ShapeShift, is the first in a series of three reports to be published this year aimed at providing an in-depth review of the opportunity and state of evolution within the blockchain,...

BMW backing brings blockchain startup Vendia’s total funding to £15 million

BMW i Ventures was among the investors to join Vendia’s series A funding round for its serverless SaaS (software as a service) blockchain solution, which raised $15.5 million (£11.2m) and brought their total funds raised to $20.6m (£15m).

The investment was led by Canvas Ventures, with participation from BMW i Ventures and Sorenson Ventures, who joined earlier seed round investors such as Neotribe Ventures, WestWave Capital, Firebolt Ventures, and more.

Vendia is...