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Finance

(2.22.17) Computer Business Review: IBM links up with asset manager to bring blockchain to private equity market

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IBM has joined up with asset manager Northern Trust Corporation to bring blockchain technology to the private equity market.

The initiative is in response to the low level of innovation behind private equity businesses, a problematic issue in the modern world in which security, efficiency and transparency are key motivators for investment.

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(2.22.17) CoinDesk: Northern Trust Goes Live With IBM-Powered Private Equities Blockchain

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Northern Trust revealed today it has been discreetly running what may be the world’s first functioning private equities blockchain.

Custom built for Switzerland-based management firm Unigestion, the platform was co-developed by Northern Trust and IBM using Hyperledger’s Fabric code base. Notably, the distributed ledger features an active node that is already providing real-time data to a European regulator.

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(1.31.17) PYMTS.com: American Express Named Premier Member Of Hyperledger Project

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Hyperledger Project, a group created to advance blockchain technology, announced on Monday (Jan. 30) that American Express has joined the group as a Premier Member.

In a report, Hyperledger Project said that, by joining the group as a Premier Member, American Express will be part of developing the mission to create an enterprise-grade, open-source distributed ledger technology.

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(1.31.17) EconoTimes: American Express joins Hyperledger blockchain project as premier member

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A collaborating cross-industry blockchain effort Hyperledger Project has welcomed American Express (AmEx) as its premier member. The American multinational financial services corporation will be joining other consortium members in contributing to the development of the project’s mission to create and build an open source and enterprise-grade blockchain.

The announcement follows after the blockchain project added eight new members by the end of 2016 that included Factom Foundation, Hashed Health, Swisscom, LedgerDomain, Lykke, among others.

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(1.30.17) Cyptocoinsews.com: American Express Wants “Full Advantage of Blockchain”, Joins Open-Source Hyperledger Project

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Credit card giant American Express has joined the Linux Foundation-led open-source cross-industry blockchain working group, the Hyperledger Project.

In yet another noted example of the traditional financial services industry turning to Fintech’s poster child in blockchain technology, American Express has joined the Hyperledger Project as a ‘Premier’ member.

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(1.30.17) Bloomberg: AmEx Joins JPMorgan, IBM in Hyperledger Blockchain Effort

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American Express Co. is elbowing its way into the crowded blockchain party.

The biggest credit-card issuer by purchases has signed on to the Hyperledger Project, a industry group of more than 100 members developing blockchain technology for corporate use. The digital ledger known for underpinning bitcoin has potential to reshape the global financial system and other industries.

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(1.30.17) IBS Intelligence: AmEx onboard with Hyperledger Project

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Hyperledger Project, the developer of an open standard for distributed ledgers that’s backed by the likes of IBM and J.P. Morgan, has signed up American Express as a Premier member. Sastry Durvasula, Senior Vice President of Technology, responsible for leading enterprise-wide Big Data, blockchain, digital payments and partnerships, will represent the company on the initiative’s Governing Board.

More here.