Banks Don't Implement DLT Due to Legal Issues, - Report

Despite legal issues and extremely high volatility of crupto, banks and other big players continue to experiment with blockchain-based solution
10 June 2019   1768

The report of the consulting firm McKinsey & Company states that a huge number of financial institutions are extremely cautious about the blockchain, despite the significant potential of this technology for the financial sector. BTC Manager reports about it.

According to experts, legal uncertainty is a significant obstacle for the implementation of distributed ledger technology in various bank processes. In addition, financial institutions are wary of extremely high volatility of Bitcoin and Altcoins, which are based on the blockchain technology.

Nevertheless, governments, investment banks and infrastructure solution providers continue to experiment with blockchain-based solutions, seeking to reduce various costs, improve process transparency and financial performance.

For instance, investment banks envisage a world where transaction execution, post-trade processing, and settlement are instantaneous, cutting-off numerous middle-and back-office processes. They are also focused on the potential for smart contracts to increase automation.

McKinsey's Report

Report says various financial regulators, including the US SEC and the British FCA, have not yet developed acceptable rules for the cryptoindustry. Nevertheless, despite regulatory uncertainty, large companies continue to invest heavily in this area.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   230

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.


Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!