| | OCTOBER 5th, 2016
“The current system is beginning to be challenged.” – Bill Gross, quoted here
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There’s a rumble in the jungle. Overstock’s TØ is launching a consortium to rival R3’s. But instead of financial institutions, it will focus on small businesses, fintech firms and startups. So it’s not so much a rival, more of a complement, dealing with a much broader and more diverse market.
It’s also much more ambitious. Finding common ground for trials within such a broad field will be challenging. But at the same time, the possibilities for innovation are more plentiful. And the opportunity to place blockchain technologies within reach of businesses that are not big financial enterprises is one to be watched. (Read the full story here.)
On a different subject, you may have noticed that the CoinDesk web was down for a good part of yesterday morning. Rest easy, we're back up and running today.
Also:
· To ICO or not to ICO, that is the question. What’s the answer?
· Fund manager Bill Gross calls central banks "gamblers". Highlights bitcoin.
· Factom raises $4.2m to build new products. Tell me more.
· IBM is adding to IOT + blockchain investments. New office.
· More info on CGI’s trade finance sandbox and Ripple node. Dig deep.
· Switzerland gets its first financial blockchain. Ich gratuliere. · Sydney Stock Exchange completes blockchain prototype. Strewth.
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