K&L Gates’ Post

The Luxembourg Blockchain IV Act marks a significant shift towards dematerialized securities. This move to electronic bookkeeping aims to modernize the legal framework for securities in Luxembourg by leveraging distributed ledger technology and other technological advancements. Jan Boeing Tanner Wonnacott #blockchain #finance #fintech #eulaw

The Luxembourg Blockchain IV Act marks a significant shift towards dematerialized securities. This move to electronic bookkeeping aims to modernize the legal framework for securities in Luxembourg by leveraging distributed ledger technology and other technological advancements. https://ow.ly/CZ3r30sJHRv

The Luxembourg Blockchain IV Act marks a significant shift towards dematerialized securities. This move to electronic bookkeeping aims to modernize the legal framework for securities in Luxembourg by leveraging distributed ledger technology and other technological advancements. https://ow.ly/wv1v30sJHTo

With blockchain, every transaction is stored in a tamper-proof public ledger, accessible worldwide via secure APIs and databases. Embrace the future of finance with Suisse Bank! #BlockchainTechnology #SecureTransactions

🌐 Decentralized Finance (DeFi) refers to a financial system that works without traditional intermediaries, such as banks, using blockchain technology and smart contracts for secure and transparent transactions. Main features of DeFi: 1. Decentralization: No traditional intermediaries. 2. Transparency: Transactions on a public ledger (blockchain). 3. Accessibility: Access for anyone with internet. 4. Interoperability: Integration between applications. 5. Security: Advanced encryption. 🚀 DeFi is transforming the financial sector with more accessible, efficient and inclusive services. For more information 📲 https://wa.link/carla

Finally, a blockchain financial institutions can say ‘yes’ to! The Canton Network introduces a new approach to distributed ledger technology, striking a balance between decentralization and privacy within financial markets. Powered by Digital Asset's smart-contract language, Daml, and the Canton blockchain protocol, the Canton Network is a decentralized infrastructure that connects independent Daml applications. Doing so creates a 'network of networks', enabling previously siloed systems in financial markets to interoperate with appropriate governance, privacy, permissioning, and controls required for highly-regulated industries.

UK government confirms digital bond pilot. What's the roadmap? - Ledger Insights - blockchain for enterprise https://buff.ly/3O6H9lk The UK government has officially announced a pilot program for digital bonds, marking a significant step towards integrating blockchain technology into financial systems. This initiative aims to explore the potential of digital securities to improve efficiency, transparency, and security in bond markets. By leveraging distributed ledger technology, the pilot seeks to streamline processes, reduce costs, and enhance the overall trustworthiness of financial transactions. As part of the roadmap, the government will collaborate with industry leaders to address regulatory and technical challenges. #DigitalBonds

HOW DO SMART CONTRACTS WORK? Smart Contracts are self-executing contracts with the terms of the agreement directly written into lines of code. These contracts automatically enforce and execute the terms of the agreement based on predefined rules and conditions, without the need for intermediaries. Essentially, they are programs that run on the blockchain when predetermined conditions are met, enabling secure, transparent, and tamper-proof transactions. The process begins with the creation of a contract by a developer. Once deployed on the blockchain, it becomes immutable - meaning it cannot be changed or tampered with. When the predefined conditions of the contract are triggered by an event

A Smart contract is an executable program that runs on the blockchain. It's a collection of code (its functions) and data (its state) that resides on the blockchain. With #Mettalex, smart contracts ensure that trades are executed securely and transparently. Imagine you and someone else agree to a deal, but instead of trusting a third party to hold onto the money and make sure both sides fulfill their part, you use a smart contract. This digital escrow automatically checks if all conditions are met, and once they are, it releases the funds or assets as agreed. If something goes wrong, the smart contract ensures the terms are followed precisely, without needing human intervention.