| | NOVEMBER 7th, 2016
“Most people spend more time and energy going around problems than in trying to solve them.” – Henry Ford
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Digital Asset Holdings (DAH) wants to connect the world’s most important financial institutions.
In response to demand it observed in its work with global financial infrastructure providers, DAH has developed a new type of blockchain. Based on a modular approach, it hopes to act as a foundation for independent distributed ledger solutions, while positioning DAH as an “umbrella” organization.
The focus is on collaboration with the Hyperledger community and other key industry participants, while offering a powerful, vertical solution that stresses the pillars most essential to systemically important financial institutions.
Will DAH be able to bring together key participants, and achieve industry-wide standardization? Or will this end up being a service with limited applicability, as the market seeks greater decentralization? (Read the full story.)
Wait, there's more:
· Let’s play together. In an example of innovators working with regulators to accelerate safe deployment, the UK Financial Services Authority has admitted a number of blockchain and digital currency startups to its ‘sandbox’. The objective is to work on product testing and customer safety. Read more.
· Crossing the ocean. Swedish bank SEB will use Ripple technology to make real-time transfers between accounts in Stockholm and New York. It hopes to build connections with other banks to broaden the use of the technology. Read the story.
· Bigger blocks? The bitcoin scaling debate continues at China’s first miner conference, with a focus on profitability. In a room full of business owners, the lure of higher fees is weighed against the risk of a fork. Tell me more.
· Crypto and cannabis: CoinDesk brings you first-hand coverage of a conference that looks at the relationship between the two, the difficulty of getting bank accounts and bitcoin’s limited use in the sector. Read the story.
· Blockchain and big tech: ease of implementation is essential. But what about the risk of decentralization? A CoinDesk opinion piece looks at the role of big tech in the blockchain space. Read more.
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