Barclays to Create Venture Unit to Invest in Blockchain

Barclays UK Ventures is going to invest in start-ups with high potential returns, enter commercial agreements and, in the long term, open its own startups
16 April 2018   244

One of the world's largest banks has created a venture unit focused on blockchain technology, smart contracts and artificial intelligence, Financial Times reports.

Ben Dewey, former head of strategy for the bank, will head Barclays UK Ventures (BUKV), a division that will focus on "truly transformational new lines of business" with a view to making "material contributions" to the structure of the organization.

According to him, the new organization has a "relatively unlimited power", and he himself feels "very predisposed" to investing in start-ups working in this space.

"We represent the growth firm," said Ashok Vasani, the head of Barclays UK, adding that the new unit is opening "new lines to increase revenues in addition to the organic growth of our core business."

In addition to investing in start-ups with high potential returns, BUKV intends to enter commercial agreements and, in the long term, open its own start-ups.

Thus, Barclays is becoming one of the first organizations of this level to create venture units to work with the blockchain space.

Bitcoin Ethereum Crypto Summit comes to Texas

Richardson is hosting a 1-day conference - Bitcoin Ethereum Crypto Summit on May 12 to teach the basics and catch up with the the latest in the cryptoworld
20 April 2018   30

Leading cryptocurrency and blockchain experts are coming to Richardson to participate in Bitcoin Ethereum Crypto Summit 2018. This one day event will take place on May 12 at Noah's Event Center. BECS positions itself as an affordable crypto event providing the quickest way to experience and learn about cryptocurrency live and in person, learn the terminology, the concept, and the hands on information with no experience required, and the public is invited to take part and attend.

Here is the list of some of the topics and sessions that will be covered:

  • Bitcoin and Cryptocurrency 101 – All the basics you need to get started
  • Government Regulation of Cryptocurrencies
  • Meet the Altcoins – Fast-paced review of over 20 of the top alternative cryptocurrencies, including Ripple, Stellar, Stratis, Monero, Dash, and many more
  • Cryptocurrency and Taxes
  • Overview of Cryptocurrency Exchanges such as Coinbase, Poloniex, and more
  • Cold Wallets, Hot Wallets, Paper Wallets, and more – The main types, how to use them, and keep your crypto safe!
  • How To Spend and Accept Bitcoin, Ethereum, and other Cryptocurrencies
  • The Basics of Blockchain and Internet of Money
  • Trading Bots and Trading Software
  • User Experience and the Blockchain
  • Mining 101 – What is it, how does it work, and should you start mining on your own?
  • How To Start Your Own Token or Coin
  • Understanding Coin Price Indexes

Doors open at 8:30 am.