Blockchain Innovation Conference 2017 review

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The Blockchain Innovation Conference took place on 22 June at the KPMG headquarters in Amsterdam. The conference was supported by founding partners ING, KPMG, Rabobank, KPN, HPE, and IBM.

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Blockchain: the future?

Blockchain: the future?

What does the development of digital currencies and transactions herald for financial institutions like ING? And how can it change the manner in which we do business? ING investigates whether blockchain, the technology behind the bitcoin for example, can be used for the settlement of complex transactions. “No one can predict how big blockchain technology will be. But if it succeeds, it will be phenomenal,” says Mark Buitenhek, global head of ING Transaction Services.

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ING launches Zero-Knowledge Range Proof solution, a major addition to blockchain technology

ING launches Zero-Knowledge Range Proof solution, a major addition to blockchain technology

On 16 November, ING announced the initial release of its Zero-Knowledge Range Proof solution - a specific ZKP that has been proven to be ten times more efficient than other ZKPs. This will help improve confidentiality in a public ledger at much lower operating costs.

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R3 and TradeIX develop open account trade finance infrastructure

R3 and TradeIX develop open account trade finance infrastructure

28-9-2017 - Enterprise software firm R3 and trade finance technology firm TradeIX announced an innovative initiative focused on the overhaul of open account trade finance infrastructure.

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A trade match made in heaven

A trade match made in heaven

31-7-2017 - Trading in financial markets involves databases that can’t easily communicate with each other, often leading to errors in the matching process. Those days could well be over soon, with blockchain-based technology coming to the rescue.

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Easy Trading Connect: digitalising an age-old sector

Easy Trading Connect: digitalising an age-old sector

23-2-2017 - Commodity trade and finance is still based on the exchange of paper documents. But that’s about to change. Easy Trading Connect is proof that the sector can be digitalised with blockchain technology.

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ING joins forces on blockchain-based platform for energy commodities

ING joins forces on blockchain-based platform for energy commodities

6-11-2017 - ING is joining forces with banks, large energy companies and trading houses to create a blockchain-based digital platform that intends to modernise and transform energy commodities trading.

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ING participates in first agricultural commodity trade through blockchain

ING participates in first agricultural commodity trade through blockchain

Louis Dreyfus Company (LDC), Shandong Bohi Industry Co., Ltd (Bohi), ING, Societe Generale and ABN Amro have successfully completed the first full agricultural commodity transaction using a blockchain platform.

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Easy Trading Connect using blockchain explained

1 March 2018 - ING, Societe Generale, ABN Amro and other major industry players have a long-term ambition to improve security and operational efficiency in the commodity trading and finance sector through digitalisation and standardisation.

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ING goes a step further in blockchain data privacy

ING goes a step further in blockchain data privacy

With the introduction of its zero-knowledge set membership (ZKSM) solution, ING’s blockchain team achieved another milestone in overcoming challenges related to privacy on distributed ledger technology.

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ING completes live commercial paper transaction within R3 consortium

Enterprise software firm R3, together with partners Commerzbank, ING, Natixis, Rabobank, and RCI, successfully completed a live commercial paper transaction on the Euro Debt Solution application, built on R3’s blockchain platform, Corda.

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New era for trade finance

New era for trade finance

Having seen many proofs of concept and pilots, the trade commodity finance industry is ready for action with the launch of komgo, a blockchain-based venture that will transform the sector.

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ING and HSBC a step closer to paper-free trade finance

ING and HSBC a step closer to paper-free trade finance

ING and HSBC have run their second blockchain pilot using the Voltron platform to make trade finance transactions digital and more efficient.

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Another blockchain milestone in trade finance

Another blockchain milestone in trade finance

ING has tested the application of blockchain technology in trade finance in partnership with consortium R3 and trade finance platform TradeIX. The initiative, called Marco Polo, allows trade participants to connect in real time and automate financing before and after shipment, making trade finance safer, simpler, and more flexible.

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Blockchain to shake up mining and metals sector

Blockchain to shake up mining and metals sector

ING teams up with IBM and MineHub on a new blockchain platform for mining and metals.

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ING releases new blockchain breakthrough: Bulletproofs

ING releases new blockchain breakthrough: Bulletproofs

ING’s blockchain team has announced its newest cryptographic blockchain development: Bulletproofs. The code is an extension to previous releases that aimed to improve data privacy within distributed ledgers: zero-knowledge range proof (ZKRP) and zero-knowledge set membership (ZKSM).

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Voltron trial sees major development of blockchain trade application

Voltron trial sees major development of blockchain trade application

The Voltron initiative, built on R3’s Corda blockchain platform, has completed global trials which saw over 50 banks, including ING, and corporates participate in the simulation of multiple digital Letter of Credit transactions across 27 countries on six continents.

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ING part of blockchain-based Forcefield

ING part of blockchain-based Forcefield

ING joins blockchain-based platform Forcefield to make post-trade commodity transaction processing cheaper, safer, and more efficient.

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Utility Settlement Coin continues to evolve

The Utility Settlement Coin (USC) is moving in to its next phase of maturity with the creation of Fnality International and completion of an associated 'Series A' equity round of £50m.

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ING joining blockchain-based trade-settlement platform

ING joining blockchain-based trade-settlement platform

ING has joined forces with other global banks to create a digital coin that can be used to settle international money transfers instantly, cutting out intermediaries and lowering transaction costs.

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ING executes first commodity trade transaction on Komgo

ING executes first commodity trade transaction on Komgo

ING has successfully executed its first commodity transaction on Komgo, the blockchain-based platform that transmits commodity transactions in a secure environment. The oil trade deal was executed by the Commodity Trade Finance branch in Geneva with a Letter of Credit issued on behalf of Mercuria Energy Trading S.A.

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