The Depository Trust & Clearing Corporation (DTCC) today issued a white paper that brings this risk into focus, while identifying initial steps organizations can take to protect themselves in the future.
Like each year, people interested in Fintech from all over the world tuned into the Fintech-Aviv Annual Summit. 30% of them from North America, 25% of them from Western Europe, 15% from Central Eastern Europe, 14% of them from the UK and 10% from Asia.
Through the companies’ $85 million partnership, L3COS will deliver the full blockchain-based marketplace, tokenised payments and exchange platform for AgriDex, whose users’ supply chains are valued at approximately $2.25 trillion annually.
“The newest technology of the future won’t be able to tell that you are using an exotic protocol. A lot of companies are afraid of attacks, and for them so they wouldn’t want to advertise necessarily that their network has an exotic protocol. Our VPN means that from the outside companies can remain incognito and nobody can tell if they are protected by anything other than standard cryptography.”
The next step for D.E. Shaw and Co. is naturally to strengthen its’ foothold in China where it is one of 26 foreign asset managers covering about 0.3% of the market, or 9 billion yuan, so far.
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