DiscoverDigital Bytes by Team Blockchain Radio; Powered By Cyber.FMJonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Sheldon Dearr
Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Sheldon Dearr

Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Sheldon Dearr

Update: 2022-11-26
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Welcome to this week’s Digital Bytes. This week we have analysis on the following topics:


Will digital currencies wax and wane as ISO 20022 is adopted? - the introduction of ISO 20022 in March 2023 will be a huge upgrade for the way in which financial institutions will be able to exchange information about payments. ISO 20022 will allow much more structured data to be shared - upgrading SWIFT’s forty year old messaging system and potentially giving fiat currencies the ability to compete with CBDCs and other digital currencies. Alternatively, will ISO 20022 enable cryptocurrencies, fintech companies and potentially TradFi firms to create their own ISO-compliant digital currencies and provide a range of new value-added services to rival the incumbent banks and payment providers?


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Blockchains cut the cost of international trade - with the multiple advantages of digitising trade documents already clear, several countries and industries are adopting digital solutions in their ports. In the UK, the Electronic Trade Documents Bill was introduced this year, designed to put digital trade documents on the same legal footing as paper-based copies.


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DAOs in the financial services sector - the financial industry has long suffered at the hands of the traditional banking system, which produces a variety of disadvantages for customers. A decentralised autonomous organisation (DAO) is a blockchain-based organisation that functions independently of any central leadership or boards of directors. In contrast to decentralised finance (DeFi), which uses blockchains to replace trusted third parties in banking, lending, investing and other financial transactions, DAOs transfer some, or all, decision-making power in a highly transparent manner whereby laying out the rules for all to see and codifying decision-making by using technology such as smart contracts.


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As two neo-money industries are revving up: can fintech and blockchain co-exist? - blockchains and other financial technologies live in misunderstood polarity. They need each other, they depend on similar money-transmitter laws, but they're culturally at odds. Will differences shrink or grow over time, and why?


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Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Sheldon Dearr

Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Sheldon Dearr

James Tylee