DZ Bank Germany Ripple blockchain integration underway

Ripple

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The online world of business is undeniably changing. But, have we seen its full extent yet? Perhaps the answer lies with the blockchain technology. Some studies point out that with blockchain (like Ripple, and of course, other similar ones like Stellar or the ones that might come to the party) integration by the banks, they will be able to realize significant savings.

The banks will enjoy cost reductions not only in their payment processing as well as reconciliation alongside compliance and treasury operations.

DZ Bank AG Considering Ripple Interledger Protocol

DZ Bank is one of the most talked after bank in Germany. It is the second largest bank in the country by asset size as well as the central institution. The bank functions as both a central institution as well as corporate and investment bank.

Concerning potential Ripple Interledger protocol integration, the bank has listed a couple of slides in their recent report “blockchain(s) and potential impacts on reconciliation.” It is not rocket science to what that may mean just because the protocol is all about cross-border transactions.

"…..we are very confident that Germany will move as well ahead with #ripple"

see full clip from @BankXRP https://t.co/SWJ5NnouwT#xrp #ripplenet #ripplenews #xrpcommmunity #xRapid #xrpthestandard #xrparmy pic.twitter.com/sWJQd4MNvs

— ????????????????????????????????????????⚡???????? (@stuart_xrp) October 12, 2018

If at all it means DZ is considering to welcome Ripple Interledger protocol to their platform, it won’t do anything different but probably a smile to the bank users and...


Germany’s 2nd Largest Exchange Deutsche Borse Launched a Cryptocurrency Trading Platform

The race for crypto dominance is heating up in Germany after the country’s largest stock-exchange operator announced the creation of a new blockchain unit. The announcement came one month after Borse Stuttgart, Germany’s second-largest exchange operator, launched a new cryptocurrency trading platform.

Deutsche Borse Launches Blockchain Unit

The Frankfurt-based Deutsche Borse AG has created a centrally-steered unit dedicated to ‘DLT, Crypto Assets and New Market Structures,’ according to a press release that circulated Monday. The 24-person team, led by Jens Hachmeister, will further advance Deutsche Borse’s work in the blockchain arena.

“Deutsche Borse has been active with the technology in a first phase of ideation and exploration,” Hachmeister said in a statement. “We invested in various initiatives to create a sound understanding of the trends, the technology and its potential within the traditional segments of our value chain.

In order to use the full potential of the technology for our businesses, to generate efficiencies and create revenues, a centrally steered approach is necessary to make a greater impact,” he added.

Last month, Deutsche Borse acquired a minority stake in HQLAx, a liquidity and collateral management firm that is developing a new platform for blockchain-based securities lending.

Mainstream...


MADANA Data Privacy Management: Token Sake

MADANA stands for an open platform for data analysis, preserving privacy by design. The blockchain-based ecosystem allows anyone to stay in control of their data while monetizing it in an anonymous way. MADANA aims to provide a GDPR compliant way for data processing, enabling new business models for future Apps and Services. German ICO with approval from the Federal Financial Supervisory Authority. MADANA proposes a new data market ecosystem run on multiple smart contracts based on blockchain technology that allows data producers,...


IOTA Grows In Germany With Audi Partnership

IOTA-Tangle Partners with Audi

IOTA has a moment ago broadcasted its aim to partner with one of the awesome car manufacturers, Audi, with the intension to offer agility solutions for a growing world which is now the most recent testament to the amazingly different applications of blockchain and cryptocurrency technology. To be more precise, IOTA has partnered with Audi Denkwekstatt, the secondary think tank for the respected car company.

Both companies in the beginning partnered to discover any possible Tangle-based cases, which was forthcoming earlier in the year with a preliminary prototype with the intension to collect and respond to feedback from their first users. The official Twitter account for IOTA Token tweeted that the foundation is at work with IOTA to “explore Tangle-based mobility use cases”.

The Audi Think Tank

The larger Audi Corporation handles the Audi think tank organization which is tasked with finding solutions to some of the problems opposing agility in the contemporary era. This organization is encompassed of fifteen partners from nearly every possible financial background.

Especially, the think tank has been particularly concerned about modernizing transportation in a progressively more urban world setting. The think tank knows that many parts of the world are becoming increasingly captivated with a city style of living. The present research is about how to revise mobility to suit the modification to mobility needs.

For IOTA’s partnership, the think tank is first and foremost worried about...