Bankers have historically been skeptical of how secure blockchain technology will be for their tightly regulated industry. But that attitude has shifted dramatically over the past few years as they have become more familiar with the technology and more excited about its potential uses. More than half of business executives say that blockchain will be critical to their company’s success over the next three years, according to a report by Accenture. (READ MORE)
It’s time we started taking our personal data as seriously as the top tech firms do. We need to understand its real value to us in all aspects of our lives. Blockchain technology can help us do that, enabling us to use our data proactively and improve our well-being. And while there are many areas where taking control of our data might improve our lives, there is one particularly promising place to start: healthcare data. (READ MORE)
Decades ago it was all done on paper and now, though electronic, it continues to be burdened by a myriad of duplicate procedures and reconciliations among thousands of its members. In a few months DTCC will quietly begin the largest live implementation of blockchain, the distributed database technology made popular by the bitcoin cryptocurrency. Records for about 50,000 accounts in DTCC’s Trade Information Warehouse, where information on $10 trillion worth of credit derivatives is stored, will move to a customized digital ledger called AxCore. Soon all will have access to a single real-time account of trades, eliminating layers of databases. (READ MORE)
On April 16, the Arkansas governor signed HB 1944, which defines blockchain technology under the state’s Uniform Electronic Transactions Act (UETA). Under the act, “blockchain technology” is defined as “a shared, immutable ledger that facilitates the process of recording one or more transactions and tracking one or more tangible or intangible assets in a business network.” The act also provides definitions for “blockchain distributed ledger technology” and “smart contract” under the UETA. The act takes effect 90 days after adjournment of the legislature. (READ MORE)
Governor Hutchinson signs Arkansas’ first blockchain legislation embedding in law digital smart contracts. The legislation was guided by Blockchain Ready Studio in partnership with IBM. Standing behind Governor Hutchinson from left Jeannie Stroth, Marla Johnson, Senator Joyce Elliott (bill sponsor), Evan Thompson, Ken Hubbell, Samantha Lindstrom, Kathy Barbeire, Jennifer Peper, and Richard Bearden.
Arkansas Governor Asa Hutchinson, Marla Johnson (Blockchain Ready Studio Cofounder), and Senator Joyce Elliott (bill sponsor) celebrate blockchain smart contracts law signing.
A key element of the U.S. Food and Drug Administration’s mission is focused on helping to ensure that all products we regulate, including drugs available to consumers, are safe and of high quality. This means working to ensure greater accountability in our nation’s drug supply chain. (READ MORE)