Popular Post JannaOneTrick 3,097 Posted April 25, 2019 Popular Post Share Posted April 25, 2019 (edited) I now have gathered enough information to reinforce my beliefs enough, that I am (still not 100% sure but) confident this project is (or will be) tied to XRP. To those discovering this topic, you can ignore a lot of answers of some unwanted people who do not bring any value here I invested plenty hours in my research and so I ignore those people I do not have time for human beings who do not respect my work Throughout all my answers you will find every pieces of info I found so far First, some numbers to apprehend the Bond Markets Global Bond Markets (2017) US Bond Market World Bank video Further information dated last year, from the World Bank website Click on the picture to go to the source page World Bank Webinar webpage World Bank Webinar video PDF used during the Webinar During the webinar, the participants did not talk about the underlying technology. They are running 2 nodes from the CBA in Sydney and 2 nodes from Washington DC. So the platform is operated by the World Bank and the CBA, using DLT. Not only do they use DLT, but they also use of a private permissioned blockchain platform (R3 being one). Mention of the DTCC + ACCENTURE (+ R3) test from September 2018, which Christine Lagarde was refering to during the Spring Meetings. Transactions happened in real time, in front of them. Atomic settlement, with smart contracts. Expectations that the private sector will make this technology the standard and government will push its usage. 00:25:20 "Settlements being measured in days, T+X. The current market structure, which works beautifully, but is inherently slow. Perhaps we don't sort of realize that the current market structure is slow because we are so used to it. But this transaction again indicated there might be the possibility of really changing settlement times. Andrea referred to the potential of atomic settlement of having smart contracts settle a transaction. If the issues of digital currency can be resolved, if digital currencies can be made available by central banks, then the potential for the ownership of the security to transfer simultaneously with the transfer of the digital currency, we really could see settlements taking place in T+X, where X is measured in seconds." 00:51:30 "Given that the information is distributed among the nodes or the participants, would this not consume a lot of electricity ? Excellent question. I think everybody knows that, you know one of the drawbacks perhaps to say the Bitcoin blockchain, or perhaps that's not a drawback, but as an example, the security of the network is maintained by these very difficult to solve puzzles. Those cryptographic puzzles solving consume a lot of energy and that is the source of security on large public blockchains. Something that I think is still to be determined, I mentioned a few of the consortiums working in the finance area. I mentioned Hyperledger and R3 with their product Corda. These are 2 blockchain based technology environments with a lot of developers and developing companies associated with them. They are essentially permissioned blockchains. So you could call them hybrid. If Bitcoin is sort of the purist idea of an independent blockchain, the Corda or the Hyperledger blockchain is a permissioned hybrid which would reduce the amount of electricity and energy use to maintain consensus within those networks. Being permissioned to do different things on the environment simply changes the energy use question of the blockchain. We still have to see how applications will be developed in these environments and how large they may be." Edited September 8, 2019 by JannaOneTrick Cesar1810, WrathofKahneman, damascus1986 and 12 others 6 8 1 Link to post Share on other sites
JannaOneTrick 3,097 Posted April 27, 2019 Author Share Posted April 27, 2019 (edited) I am now even more convinced that the Commonwealth Bank of Australia, the World Bank and R3 have all been working together in this purpose: Bond transactions, namely Bond-i. http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/190426presentations.pdf I already spoke in some other topics about how blockchain can enhance the trade finance and the supply chain. R3 is working on various projects regarding trade finance, such as Voltron (Letters of Credit). In this picture, we can read that R3 is working in those sectors, among others, and that the R3 - Ripple team can become a global standard with considerable possibilities. Edited April 27, 2019 by JannaOneTrick WrathofKahneman, Roaring_Twenties, Viggo and 6 others 5 3 1 Link to post Share on other sites
Roaring_Twenties 3,696 Posted April 27, 2019 Share Posted April 27, 2019 Slide 130: ‘New business to be launched soon after the revision of the crypto-asset related Acts this year’ Slide 132: ‘Full-scale efforts towards increasing financial services using Ripple’s XRP and R3’s Corda’ GiddyUp, xrphilosophy, Cesar1810 and 1 other 4 Link to post Share on other sites
JannaOneTrick 3,097 Posted May 19, 2019 Author Share Posted May 19, 2019 (edited) I know Ripple is not mentioned, but there are many cues which lead to the Ripple ecosystem. https://www.commbank.com.au/guidance/newsroom/world-bank-and-cba-blockchain-bond-201905.html http://www.worldbank.org/en/news/press-release/2019/05/15/world-bank-and-cba-partner-to-enable-secondary-bond-trading-recorded-on-blockchain Edited May 19, 2019 by JannaOneTrick damascus1986, tony71, Roaring_Twenties and 3 others 2 3 1 Link to post Share on other sites
Johno 310 Posted May 19, 2019 Share Posted May 19, 2019 For interest, The CBA is Australia’s largest bank. WuWei and JannaOneTrick 2 Link to post Share on other sites
Dirk_diggler88 15 Posted May 20, 2019 Share Posted May 20, 2019 https://www.commbank.com.au/guidance/newsroom/CBA-and-QTC-create-first-government-bond-using-blockchain-201701.html “We will continue to collaborate and work with clients, financial institutions and consortiums like R3, as well as with market participants, to understand the opportunities and real life applications of innovative and emerging technologies,” Mr Confos said. Though sadly they state in this link below https://www.commbank.com.au/guidance/newsroom/cba-picked-by-world-bank-to-deliver-world-s-first-standalone-blo0-201808.html 'Important information CBA and World Bank are using a private Ethereum blockchain for this project. Ethereum currently has the largest and most active development community globally, and offers the functionality we require. However other blockchains are developing rapidly and CBA remains open to other options in the future. An independent review of the CBA blockchain platform’s architecture, security and resilience was conducted by Microsoft. The law firm of King & Wood Mallesons acted as deal counsel on the bond issue and advised on the legal architecture for its implementation.' ZzZerper 1 Link to post Share on other sites
Popular Post JannaOneTrick 3,097 Posted May 20, 2019 Author Popular Post Share Posted May 20, 2019 (edited) 6 hours ago, Dirk_diggler88 said: https://www.commbank.com.au/guidance/newsroom/CBA-and-QTC-create-first-government-bond-using-blockchain-201701.html “We will continue to collaborate and work with clients, financial institutions and consortiums like R3, as well as with market participants, to understand the opportunities and real life applications of innovative and emerging technologies,” Mr Confos said. Though sadly they state in this link below https://www.commbank.com.au/guidance/newsroom/cba-picked-by-world-bank-to-deliver-world-s-first-standalone-blo0-201808.html 'Important information CBA and World Bank are using a private Ethereum blockchain for this project. Ethereum currently has the largest and most active development community globally, and offers the functionality we require. However other blockchains are developing rapidly and CBA remains open to other options in the future. An independent review of the CBA blockchain platform’s architecture, security and resilience was conducted by Microsoft. The law firm of King & Wood Mallesons acted as deal counsel on the bond issue and advised on the legal architecture for its implementation.' If you do not take the time to listen to the entirety of the videos I provided, please do not post here. I put a lot of time in investigating on this. Putting the first outdated piece of information you can find is only disrespectful to my work. You are not welcome in my thread. I have found several pieces of info with Ethereum as well during my investigation, namely with the Austrian Government, dated summer 2018. The Webinar on Blockchain Bond World Bank Treasury happened Thursday, November 29th, 2018. The World Bank used a private permissioned blockchain platform. R3 and Hyperledger are both private and permissioned blockchain platforms. Ethereum is a public permissionless blockchain. Listen to the question addressed to Paul Snaith and his answer, from 51:17 -> 54:01 Click this Youtube video, I put it to the right time frame. https://www.linkedin.com/in/paul-snaith-9617275/ Page 5/10 Page 7/10 http://pubdocs.worldbank.org/en/421351543860110674/Webinar-Blockchain-Presentation-2018-11-29.pdf Edited May 20, 2019 by JannaOneTrick xrphilosophy, ZzZerper, damascus1986 and 8 others 7 3 1 Link to post Share on other sites
mistatee2000 1,279 Posted May 20, 2019 Share Posted May 20, 2019 I for one value your research and the depth that you go to. Often, for others to appreciate it, you may have to point out what seems obvious to you, especially when you are so close to the subject matter and clearly way ahead of most of the audience. This is often a problem, especially with specialist research papers of this standard. With Bond-i you seem to have found substance which has yet to be appreciated, which is very similar to other circumstances where we have to accept snippets and match the dots as they are often masked by secrecy and NDA's Julian_Williams, GiddyUp and JannaOneTrick 1 2 Link to post Share on other sites
Dirk_diggler88 15 Posted May 20, 2019 Share Posted May 20, 2019 Proof will be in the pudding i guess then? I'm choosing to believe the actual info that CBA has provided stating its Ethereum because of their smart contracts abilities and find it very hard to believe that somehow it took over a year for trials with the Ethereum blockchain and who knows how much money, but all of a sudden decided to scrap that and go down another road and not do another year of testing. But that's just me. Sometimes you also need an outsider to give you perspective because you get tunnel vision. Peace ZzZerper 1 Link to post Share on other sites
Dirk_diggler88 15 Posted June 10, 2019 Share Posted June 10, 2019 https://www.worldbank.org/en/news/press-release/2019/05/15/world-bank-and-cba-partner-to-enable-secondary-bond-trading-recorded-on-blockchain - Talking about their previous trials, which were on ethereum. https://www.commbank.com.au/guidance/newsroom/commodities-blockchain-trade-finance-201901.html Plenty of references to their previous trials which was with ethereum https://www.data61.csiro.au/en/Our-Work/SmartMoney - Download the full report PDF and search for ethereum, you'll find plenty of sources there.. https://www.coindesk.com/world-bank-commbank-team-up-for-world-first-blockchain-bond-transaction https://anz.businesschief.com/technology/4024/CBA-collaborates-with-World-Bank-on-blockchain-bond-trading So if it walks like a duck and quacks like a duck... ZzZerper 1 Link to post Share on other sites
damascus1986 436 Posted August 1, 2019 Share Posted August 1, 2019 i appreciate this thread! WuWei and JannaOneTrick 1 1 Link to post Share on other sites
Muellhart 89 Posted August 2, 2019 Share Posted August 2, 2019 18 hours ago, damascus1986 said: i appreciate this thread! Damn mate! I always find myself drawn to your avatar, whenever it pops up on a thread... Also: thanks for this thread! JannaOneTrick and damascus1986 1 1 Link to post Share on other sites
damascus1986 436 Posted August 2, 2019 Share Posted August 2, 2019 2 hours ago, Muellhart said: Damn mate! I always find myself drawn to your avatar, whenever it pops up on a thread... Also: thanks for this thread! hahahhahaha we sure are some good looking fellows! im sure its hard for janna to keep from staring at our avatars! JannaOneTrick and Muellhart 1 1 Link to post Share on other sites
WuWei 1,446 Posted August 4, 2019 Share Posted August 4, 2019 "R3-Ripple Solution: High potential to become a global standard for financial operations such as international money transfers and trade finance." (my emphasis with the bold/underline) This about says it all for me, as it's coming from someone on the "inside," more or less, on three different fronts: from R3's perspective, Ripple's, and from a large consortium of Japanese banks. Kitao is in the privileged position to see how well this all works together, so despite the naysayers on the inevitable delays (i.e.: regulatory/security) I believe he's in the best position to see how this is all likely to play out. And let's not forget "Slide 132" - ‘Full-scale efforts towards increasing financial services using Ripple’s XRP and R3’s Corda.’ Hopium is not the problem that many are describing it to be, it's all the "I want it nowium" that's brought such an immature perspective to evaluating both Ripple's progress and potential. As always, time will tell...... Muellhart and JannaOneTrick 1 1 Link to post Share on other sites
Guest Posted August 4, 2019 Share Posted August 4, 2019 2 hours ago, WuWei said: that's brought such an immature perspective to evaluating both Ripple's progress and potential. Yes that nails it. Either the vast bulk of recent posters on here are immature impatient beginners, or there is an orchestrated campaign against XRP (or perhaps a combination of both). The writing is on the wall... if you can’t see it then perhaps speculative investing is not for you. There are, of course, no guarantees that the writings will come true... hence speculative. Link to post Share on other sites
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