Best practices, technology, and new takes on critical business topics from ChainLink Research
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Tuesday, January 31, 2017 -- Published once or twice each month. |
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Stealing trade secrets, patent infringements, piracy, counterfeiting and product tampering damage companies, make people ill, and deflate honest competition. And if financial and trade hacks are not enough, we now fear that our IoT devices can be hacked. Most of all, hacking/stealing trade secrets and hijacking product quality challenge the very notion of innovation, capitalism and free trade—the system that has modernized the world since the industrial revolution and catalyzed the information age. [ Read: The Russians Are Coming? ] |
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The Depository Trust and Clearing Corporation (DTCC) facilitates post-trade processing for over 98% of all credit derivatives worldwide (over $11 trillion). Last week, they announced (together with IBM) that DTCC is moving their credit derivatives Trade Information Warehouse (TIW) service off their legacy relational database and online transaction processing technologies and onto a distributed ledger, based on blockchain technology. That is a big deal for blockchain.
[ Read: Blockchain Gets Real ]
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