Mastercard Collaborates with R3 to Create Blockchain-Based Payments Model

Mastercard, one of the world’s leading payment processors, and the leading enterprise blockchain software provider R3, announced they would jointly …
Mastercard goes into crypto and blockchain

Mastercard, one of the world’s leading payment processors, and the leading enterprise blockchain software provider R3, announced they would jointly develop a new blockchain-powered cross-border payment solution.

The newly developed blockchain system will also be supported by banks to conduct seamless transactions and real-time payment proposition.

Mastercard has been exploring blockchain technology for a few years now and has about 80 blockchain patent application. The company even acquired Transfast, a global payments company with significant cross-border network reach. With Transfast, Mastercard claims to reach 90% of the population and over 90% of the world’s bank accounts. Now, by partnering with R3, Mastercard is aiming to flex its wings further when it comes to cross-border payment solutions.

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R3 is an enterprise blockchain software firm developing blockchain-powered solutions across multiple industries from both the private and public sectors, using its blockchain-based platform ‘Corda’ and its commercial version Corda enterprise.

Mastercard and R3 declared a strategic partnership to develop the new platform for cross-border payments. The partnership will allow Mastercard to access the R3’s Corda ecosystem which is comprised of more than 300 of the world’s leading financial services firms, technology companies, central banks, regulators and trade associations. With direct access to these firms, Mastercard will definitely come one step closer to achieve its goal of becoming a leading payment processor also in the field of cross-border transactions.

The new solution will be the result of R3’s blockchain expertise and Mastercard’s existing payment system assets, brand and distribution, which will help the two firms to provide innovative and value-added services. The new payment model is also aiming to address the most common issues associated with international transactions including increasing transaction cost, lack of liquidity, and connectivity between banks and domestic clearing systems.

R3 CEO David E. Rutter said stated about the new partnership:

“All institutions – large or small – rely on the ability to send and receive payments, but all too often the technology they rely upon is cumbersome and expensive. Cross-border payments can be a particular pain point. Corda was designed specifically for enterprise use cases such as this, and we look forward to supporting Mastercard in bringing blockchain-enabled payments businesses across the globe.”

Mastercard recently joined Marco Polo finance blockchain network that was developed by R3 and TradeIX. Now the current news of the partnership with R3 is quite an indicator that Mastercard is leaving no stone unturned in its effort to establish itself in the increasingly complex global payment infrastructure space.

Peter Klein, executive vice president of the new payment platform at Mastercard, said in a statement:

“Developing a new and better cross-border B2B payments solution by improving worldwide connectivity in the account-to-account space is central to Mastercard’s ambition. Our goal is to deliver global payment infrastructure choice and connectivity as demonstrated through our recent strategic acquisitions and partnerships, including our relationship with R3.”

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Blockchain Finance Market Enhancement, Latest Trends, Rising Growth and Opportunity in 2019 …

Blockchain Finance Market Enhancement, Latest Trends, Rising Growth and … Rubix by Deloitte, Accenture, Distributed Ledger Technologies, Oklink.
Blockchain Finance

Global Blockchain Finance Market Research Report 2019 to 2025 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability.

In 2018, the global Blockchain Finance market size was 2300 million US$ and it is expected to reach 17470 million US$ by the end of 2025, with a CAGR of 33.6% during 2019-2025.

The following manufacturers are covered in this report: IBM, Ripple, Rubix by Deloitte, Accenture, Distributed Ledger Technologies, Oklink, Nasdaq Linq, Oracle, AWS, Citi Bank, ELayaway, HSBC, Ant Financial and others.

Block chain finance is the application of block chain technology in the financial field. Financial services industry is the driving force of global economic development, and is also one of the most centralization industries. The asymmetric information between the two parties in the financial market leads to the failure to establish an effective credit mechanism. There are a large number of central credit intermediaries and information intermediaries in the industrial chain, which slows the efficiency of the system and increases the cost of funds. The open and no tampering properties of block chain technology provide the possibility for the centralization of the trust mechanism, and have the potential to change the financial infrastructure. All kinds of financial assets, such as equity, bond, bill, warehouse receipt and fund share, can be integrated into the block chain books, and become the digital assets of the chain, in the block chain. Store, transfer, and trade. It has a broad prospect of application in the financial field.

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This report segments the Global Blockchain Finance Market on the basis of Types:

IT Solution






On the Basis of Application the Global Blockchain Finance Market is segmented into :

Cross-border Payment

Trade Finance

Digital Currency

Identity Management


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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of High Frequency Spindle in these regions, from 2014 to 2025 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India.

This independent report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Blockchain Finance Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Further in the Blockchain Finance Market research reports, following points are included along with in-depth study of each point:-

Production Analysis – Production of the Blockchain Finance Market is analyzed with respect to different regions, types and applications. Here, price analysis of various Blockchain Finance Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Blockchain Finance Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Blockchain Finance Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Blockchain Finance Market leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Blockchain Finance Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

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Market Insights Reports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. Market Insights Reports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Blockchain Distributed Ledger Market – Global Industry Analysis, Size, Share, Growth, Trends and …

Distributed ledgers support the payment system for digital currency to operate in decentralized mode, by eliminating the need of intermediaries such …

Digital technology has become prevalent in today’s world. It has touched almost all aspects of life including conducting business, shopping, enhancing education and learning, entertainment, and staying connected with social world. In recent past, digital technology has evolved further to aid in conducting financial transactions. Online payments have gained huge traction along with card based payment methods such as credit and debit cards. At the same time, cryptocurrency also known as digital money is becoming increasingly popular. Distributed ledgers support the payment system for digital currency to operate in decentralized mode, by eliminating the need of intermediaries such as banks. Distributed ledger technology further enables tracking of financial transactions and makes it virtually possible to track and trade any value via digital money. It provides a robust environment for secure data sharing in real-time. Blockchain is a type of distributed ledger system providing enhanced security to the process. Blockchain comprises of blocks of digitally recorded data, creating a distributed ledger. There are many different types of distributed ledger systems, each obeying its own security and privacy levels.

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Use of blockchain distributed ledger lends transparency to financial transactions and eliminates middle man, thus reducing the transaction costs. This is likely to drive the adoption of blockchain distributed ledger in the coming years. As the complex process of paper work and third party involvement extends the process of business transactions, blockchain-enabled distributed ledgers are anticipated to change the way business transactions take place. Moreover, enhanced security levels for transactions is another factor contributing to the growing influence of the technology. Distributed ledger systems are not controlled by any centralized authority and are not limited by legal rules. However, technology is governed by its own technical code.

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Blockchain Devices Market Worth $1285 Million by 2024 – Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 12, 2019 /PRNewswire/ — According to the new market research report “Blockchain Devices Market by Type (Blockchain …

CHICAGO, Sept. 12, 2019 /PRNewswire/ — According to the new market research report Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography – Global Forecast to 2024″, published by MarketsandMarkets™, the Blockchain Devices Market is projected to grow from USD 218 million in 2019 to USD 1,285 million by 2024, at a CAGR of 42.5% from 2019 to 2024. Some of the major growth drivers for this market include rising adoption of blockchain technology in retail & supply chain management, increasing venture capital funding, and growing market cap for cryptocurrency and Initial Coin Offering (ICO). One of the key opportunities for the market is the increasing acceptance of cryptocurrency across various industries and regions. Whereas, major factors restraining the market growth include uncertain regulations & compliances and lack of awareness.

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Wireless connectivity for blockchain devices to grow at higher CAGR during the forecast period

Blockchain smartphones, PoS devices, etc. use wireless connectivity for data transfer. They use Wi-Fi, Bluetooth, and near-field communication (NFC) technologies. Based on type, the wireless connectivity segment of the blockchain devices market has been segmented into blockchain smartphones, crypto hardware wallets, and PoS devices. Major companies such as Ledger (France) and Pundi X (Singapore) are majorly focusing on the blockchain devices that implemented with wireless connectivity.

Other devices for blockchain devices to grow at higher CAGR during the forecast period

Of all the types of devices, other devices such as blockchain gateways & pre-configured devices expected to grow at the highest CAGR during the forecast period. Blockchain is a universal purpose digital identity gateway, which enables corporations, governments, and institutions to bridge their legacy systems with the decentralized blockchain networks. The pre-configured devices equipped with an operating system allow access to the blockchain network from a normal network. They are used to provide Web3 access and personal home servers to blockchain networks. These devices majorly adopted in industries such as banking, financial service, and insurance (BFSI), government, retail & e-commerce, travel & hospitality, automotive, transportation & logistics, IT & telecommunication, etc.

North America is a major contributor for blockchain devices and is expected to hold the largest market size in the next five years

North America is among the major contributors to the Blockchain devices market, and the US accounted for the largest share of the market in North America in 2018. North America dominates the global blockchain devices market as the region is an early adopter of blockchain devices. North America is an early adopter of innovative technologies as banks, government agencies, and financial institutes in this region face ever-increasing challenges related to security & transparency of the data and the transactions. Therefore, advanced technologies are implemented to manage this information via blockchain devices. Moreover, several blockchain devices vendors are based in this region, thereby contributing to the growth of the blockchain devices market in North America.

Browse in-depth TOC onBlockchain Devices Market

38 – Tables

27 – Figures

115 – Pages

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Ledger SAS (France), HTC Corporation (Taiwan), Pundi X Labs Private Limited (Singapore), Filament (Filament, US), GENERAL BYTES R.O. (Czech Republic), RIDDLE&CODE (Austria), AVADO (Switzerland), Sikur (US), SIRIN LABS (Switzerland), Blockchain Luxembourg S.A. (UK), SatoshiLabs (Czech Republic), Genesis Coin Inc. (US), and Lamassu Industries AG (Switzerland) are some of the major players in the blockchain devices market.

Please Explore Relevant Report:

Blockchain IoT Marketby Offering (Hardware, Software, and Infrastructure Provider), Application (Smart Contract, Data Security, Data Sharing/Communication, and Asset Tracking & Management), End User, and Geography – Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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FiO launches new blockchain business model

Chu said FiO aims to drive a real commercialization of blockchain in the … FiO uses Hyperledger Indy, a distributed ledger for decentralized identity, …

FiO Technology, dedicated to serving as a BaaS (Blockchain as a Service) platform for enterprises, has developed a new business model allowing corporate users to gain reward from business transfers without exposing their own secret business data, according to Geroge Chu, founder and CEO of the startup.

Chu said FiO aims to drive a real commercialization of blockchain in the business world, helping enterprises integrate and manage digital assets and analyze distributed user behavior through blockchain application.

Chu continued that FiO draws its name from the abbreviation of “figure it out,” seeking to help more enterprises explore blockchain application potentials in a convenient and low-cost way and faciliate their expansions in international markets.

Through the BaaS platform, enterprises can plug FiO’s API (application programming interface) into their APP/Web to kick off blockchain applications without having to spend heavily on creating their own blockchain systems or alter their original computer systems, Chu stressed.

Chu said that FiO has completed its company registration in Singapore thanks to the country’s friendly regulations and easier access to angel funds in the Middle East and Southeast Asia. The company has also set up its R&D base in Taiwan to capitalize on the abundant software talent supply, and established its strategy headquarters in Hong Kong. Such a deployment has given the startup more room to develop business in Greater China, Southeast Asia, and even Japan and South Korea.

FiO has developed patented bottom-layer technologies based on the open Hyperledger Fabric architecture in cooperation with IBM, and will promote its blockchain technologies and services to small and medium-size clients.

Chu stressed that FiO’s BaaS platform is a hybrid chain combining both public and private chains, allowing enterprises to load only risk-free data of their own onto the platform.

Meanwhile, FiO uses Hyperledger Indy, a distributed ledger for decentralized identity, or the digital avatar solution to support AI analysis of big data about consumers’ genders, ages and locations instead of their names, phone numbers and addresses, thus effectively safeguarding personal data.

The company has secured investments from Forbes Digital Asset and Israel’s Infinity Leadway, and is enforcing a new round of fundraising seeking to solicit fresh funds of US$10-20 million from potential partners in Japan, Singapore and the Middle East, according to Chu.

FiO Technology founder and CEO George Chu Photo: Shihmin Fu, Digitimes, September 2019

FiO Technology founder and CEO George Chu

Photo: Shihmin Fu, Digitimes, September 2019

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