Ripple's Japan splash

March 2nd, 2017
"Human life is driven forward by its dim apprehension of notions too general for its existing language." – Alfred North Whitehead
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47 Japanese banks have completed a trial of cloud-based DLT technology.

Using Ripple's RC Cloud platform, the banks – members of the SBI Ripple Asia consortium – tested sending payments to one another.

CoinDesk spoke to Ripple executives on the significance of the pilot, which demonstrated that the system could be rolled out without the need to install the protocol. 

The trial also showed that DLT technology is not only valuable in international transactions – it can also significantly reduce costs in domestic payments. As a result, some of the banks involved have committed to moving the pilot to commercial production later this year, according to sources.
 
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*NEW COINDESK RESEARCH*
 
In CoinDesk Research's Spotlight Study released yesterday, we highlighted the sentiment around blockchain token sales ('ICOs') from both the investor and entrepreneur perspective.

Many founders were in the Boost VC accelerator program, the California startup incubator now in its ninth batch. 

Interestingly, it seems more Boost VC founders are focusing their attention on ICOs for investment purposes – nearly 30% have participated in a token sale, and 95% of those said they would consider participating again.

For more data on the ICO market, view our full report (and special thanks to the Boost team!)

 
Wait, there's more:
Canada's Scotiabank Completes Blockchain Trial for Trade Reports. The platform, developed by blockchain services firm AlphaPoint, allows for the digitizing of assets, creation of trade venues, and the managing of pre- and post-trade workflows. Read more.

The Lack of Blockchain Talent is Becoming An Industry Concern. Executives speaking at the DTCC's Fintech Symposium in New York yesterday expressed frustration at the thin pool of blockchain talent. Some, however, saw it more as a problem of incorrect targeting than short supply. Read more.
 
Ethereum Spam Attacks Are Back – This Time on the Test Network. The goal of the attacker appears to be to make testing ethereum apps more difficult. Read more.

Bitcoin Price Sets New All-Time High for Second Day in a Row. Data suggests that traders are primarily bullish in the long-term. Read more.
 
Thailand's National Stock Exchange is Building a Blockchain Market. According to local sources, the market will enable startups to raise money. The exchange is looking to launch the service later this year. Read more.
 
Kraken Buys Out Digital Currency Data Portal Cryptowatch. The cryptocurrency exchange will retain Cryptowatch founder Artur Sapek to develop the trading data toolkit. Read more.
 
230 Million: Ethereum Classic Community Backs Limit on Total Tokens. In a new blog post released today, the ethereum alternative's developers and backers threw their support behind a fixed-cap monetary policy. Read more.
 
Indian Central Banker: Potential of Blockchain Currencies 'Overstated'. Speaking at a financial technology conference in Mumbai, RBI deputy governor Rama Subramaniam Gandhi argued that virtual currencies were not for the "masses", who are generally not risk takers and need confidence in a central system. Read more.
 
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