Tag: blockchain

How Western Union and GraceKennedy may use Ripple in GK MPay App
Tech News, Caribbean Tech

How Western Union and GraceKennedy may use Ripple in GK MPay App

“WU.com will be hitting a new customer base; customers who are account-based. We don’t expect to cannibalize our existing customers but will reach out to new customers that use the banks.” CEO of GKMS, Michelle Allen confirmed WU's plans to launch an online portal to Loop News Financial giants Western Union and GKMS (GraceKennedy Money Services) are partnering to launch an innovative online remittance platform WU.com. Scheduled to launch in April of 2018, the platform will allows Jamaicans to not only receive but send remittances directly from their bank accounts. But what most Jamaicans may not know is that Western Union is planning to use Ripple’s Blockchain-based settlement system, Xrapid and XRP. Folks, remember I had predicted this in my article GraceKennedy’s Innovati...
Securing Jamaica’s National Identification System with Blockchain Technology
Caribbean Tech, Editorial, Opinion

Securing Jamaica’s National Identification System with Blockchain Technology

Government organizations across the globe are exploring the use of blockchain technology to improve operations. The ability to record transactions on distributed ledgers offers new approaches for governments to improve transparency, prevent fraud and establish trust. According to a recent survey conducted by IBM and the Economic Intelligence Unit, government interest in blockchain is high: 9 in 10 government organizations plan to invest in blockchain for use in financial transaction management, asset management, contract management and regulatory compliance by 2018. 7 in 10 government executives predict blockchain will significantly disrupt the area of contract management. 14 percent of government organizations expect to have blockchains in production and at scale in 2017...