Blockchain technology seems to be the prize many financial institutions are chasing, but why?
From big banks to Fintech startups, creating a mainstream blockchain technology is the goal. The Blockchain Summit held in London today is a further testament to this, where delegates will discuss the next steps and long term impacts.
So what's standing in the way of this technology serving the public, and do we really need it?
To find out more, Matt Cox spoke to Garrick Hileman, a monetary innovation researcher and Economic Historian at the University of Cambridge and London School of Economics.
Cryptocurrencies like bitcoin are on the rise, so the debate in central banks is how to tackle digital money. Central banks certainly could enter this market, but would it be the right thing to do? Matt Cox has been hearing from monetary innovation specialist, Garrick Hileman.
Peter Randall, CEO of London start up SETL, talked about blockchain and its impact on financial institutions. SETL is launching ‘the world's first commercial platform for using blockchain technology to register and settle securities transactions’. Peter discussed the platform.
David Emm, Principal Security Researcher at Kaspersky Lab, joins Share Radio to talk about the increasing number of companies being attacked by Ransomware. Ransomware, one of the fastest-growing types of cyber threats, encrypts data on infected machines, then typically asks users to pay ransoms in hard-to-trace digital currencies to get an electronic key so they can retrieve their data.