The data week in review #17
Published in
2 min readFeb 6, 2020
A rather quiet week lays behind us, yet we once again searched for the most interesting news we thought you might want to hear about and summarised them neatly.
Blockchain
Citi, Goldman Sachs Conduct First Blockchain Equity Swap On Ethereum-Inspired Platform
by Forbes [LINK]
- The new equity swaps platform assures that every counterparty in every swap is seeing, and using, the same data
- Financial giants have to employ small armies to constantly check every step of the process until the swap comes to maturity, risking millions of losses by data-asynchronicity
Clear gets $13M Series A to build high-volume transaction system on the blockchain
by TechCrunch [LINK]
- The early use case for Clear’s blockchain transaction network involves moving payments between worldwide telcos, a system that today is highly manual and prone to errors
- Instead of waiting until the end of the month to find errors and begin a resolution process, this can be done in real time
Ripple may go public in 2020
by Brave New Coin [LINK]
- “In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side”
- The idea of a Ripple IPO is interesting given that Ripple just concluded its Series C funding last week
Telegram Drops Technical White Paper for Blockchain SEC Is Trying to Halt
by [LINK]
- The protocol was tested in December 2018 on “up to 300 nodes distributed all over the world,”
- Consensus rounds include three steps: Validator nodes exchange block candidates for approval; the primary node for the current attempt sends the candidate block for voting to the rest of nodes; then validator nodes exchange votes
Financial Data
Singapore and US reach agreement on financial data sharing
by Finextra [LINK]
- The United States and Singapore recognize that the ability to aggregate, store, process, and transmit data across borders is critical to financial sector development
- The joint statement formulates the aspired search for a way to exchange information effectively
