After all of the 2016 drama, the start of a brand new year is a welcome development in itself – a clean sheet for a script yet to be written. However, 2017 will not be without...25 January 2017
Global: Ethereum’s crypto-currency, Ether, is now worth US$1bn
Ethereum, a challenger to Bitcoin, is experiencing a surge of interest from users, developers, and the corporate world. With its ability to create binding financial agreements that can be enforced entirely by software, Ethereum can be used to create virtual organisations.
One such virtual organisation called the DAO has raised more than US$150m to finance more work on Ethereum-based technologies. Contributors to the DAO send the network’s currency, called Ether, to a specific DAO Ethereum web address and, in return, receive shares in the organisation. The DAO will therefore operate as a form of venture capital fund for the Ethereum community.
Once the fundraising phase is complete, every contributor will be able to vote on how the money will be spent.
We're just back from our second visit to the Davos 'fringe' with Innovate Finance and several FinTech momentum players. Numerous events and discussions on a wide range of topics take...20 January 2017