"It is a correction; it's not a setback," said Dante Disparte, head of policy and communications for the Libra Association, whose 21 remaining members held their inaugural meeting in Geneva.
CIOs must educate leaders about blockchain opportunities and challenges and continue to develop proofs of concept to test business worthiness.
HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday.
IBM and Tata Communications have joined the governing council of Hedera Hashgraph, a distributed public ledger platform that aims to be faster and runs at a larger scale than current blockchain technologies, a top official at Hedera said.
The executive director of BlockchainNZ, Mark Pascall, has told the government’s economic development, science and innovation select committee that blockchain could inject growth into the New Zealand economy.
Led by financial services, industries are ramping up spending on blockchain distributed ledger technology at unprecedented rates; 2018 will mark the move from pilot programs to real-world rollouts.