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Archive for May 6th, 2016

Fusionex Joins Industry Initiative to Foster a Greater Data-adept Culture at the Workplace

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KUALA LUMPUR, Malaysia /PRNewswire/ — Fusionex, a multi-award-winning, leading software solutions provider specializing in Analytics, Big Data, and the Internet of Things (IoT) has joined the Big Analytics Skills Enablement (BASE) initiative to nurture, guide and train the next generation of data professionals. The initiative was recently announced by global data management and analytics platform provider Cloudera.

With a data explosion on the horizon, the BASE initiative aims to bring private and public sector players together to help groom data-related skills in working professionals. This would help workers keep abreast with a rapidly changing climate where data is becoming a more prevalent priority in business processes.

Fusionex, alongside academic institutions, will assist with the provision of education in essential big data and analytics skills. After training, those with their new-found skills would be paired with positions across the economic landscape where they can best apply their knowledge.

Having developed Fusionex Insights (GIANT), an advanced intelligent data management platform with built-in Big Data Analytics (BDA) functionalities, Fusionex has a stable of data experts in its organization who can lead the charge into the foray of data analytics. The inner workings of Fusionex GIANT can also be used as a teaching procedure for trainees to get a hands-on approach at learning how to mine, slice and dice as well as analyze data.

Fusionex’s Center of Excellence will expose data trainees to various aspects on how an analytics platform functions as well as enable them to gain direct insight from Fusionex data experts on key points to look out for when analyzing data.

To ensure that trainees undergo industry-ready and relevant training in BDA, Fusionex will be committing all necessary resources towards this effort, which includes an in-house internship program. Via this program, potential trainees will be assessed and targeted for recruitment and subsequent medium-to long-term cultivation of their BDA talents.

Apart from Fusionex, businesses such as technology manufacturer Intel and multinational computer company Dell have also agreed to collaborate on the BASE initiative. Academic institutions such as Universiti Tunku Abdul Rahman (UTAR) have also come on board in order to offer training in data skills.

This initiative is in line with the Malaysian government’s vision to turn Malaysia into a developed digital economy in the near future. The Malaysian Digital Economy Corporation (MDeC), a prominent partner in the BASE initiative, believes that BDA will be indispensable towards producing innovative solutions to drive major changes in the way business is conducted.

Ivan Teh, Fusionex Managing Director and Chief Executive Officer, commented: “The time is ripe for this ambitious endeavor, which aims to arm more people with BDA knowledge and skills. The Fusionex team is ready to support the BASE Initiative and train current and future talent with the aspects of BDA. As a contributor of manpower, infrastructure, and resources, Fusionex believes that seizing the future of BDA begins now.”

Daniel CF Ng, Cloudera Senior Director of Marketing, APAC commented, “Cloudera is very happy that Fusionex, a major data analytics player in the region, is taking the next step in realizing what the Cloudera BASE Initiative is setting out to do – develop more Data Professionals for the ASEAN region. We are excited to continue collaborating with Fusionex to further our charge towards helping build this very critical skillset and the right resources for the future workforce in the region.”

 

Source: Fusionex

Written by asiafreshnews

May 6, 2016 at 11:44 am

Posted in Uncategorized

INEOS Styrolution and Ichikoh Japan Jointly Develop a Laser Weldable High Heat ABS for Rear Lamp

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— New laser welding process by Ichikoh Japan ensures optimal aesthetics and greater design flexibility
— Custom-developed high-heat ABS grade from INEOS Styrolution’s Novodur® HH product line offers superior welding performance for laser welding process

SINGAPORE /PRNewswire/ — New rear lamp housings for vehicles can now have an even greater aesthetic appeal and performance thanks to material and processing innovations from Ichikoh Japan and INEOS Styrolution. These innovations are the results of a new laser welding technique developed by Ichikoh and a unique styrenic polymer solution from INEOS Styrolution. Ichikoh manufactures the part using a specific black colored Novodur HH-112 developed from INEOS Styrolution’s high-heat acrylonitrile butadiene styrene (ABS) product line. This polymer is ideal for Ichikoh’s newly developed laser welding process as it offers a good appearance at the welding areas of the plastic parts when compared with other polymers. Overall, the new material and laser welding process have a significant impact on the design and production process of the rear lamp housing, lending the hybrid an even sleeker look and helping to reduce total production costs. This new technology was introduced into the Japanese market in November 2015. Novodur HH-112 is now available globally from INEOS Styrolution.

Key points:

  • Ensuring aesthetics and greater design flexibility through new laser welding process: Ichikoh Japan wanted a processing solution that could achieve good appearance at the welding areas on plastic parts. However, this would be impossible to achieve with conventional welding techniques such as hot plating or vibration welding due to complicated part designs and shapes. For this reason, a new laser welding technique was utilized for the rear lamp housing to facilitate more design freedom and achieve the required surface appearance. In addition, this new laser welding technique also has the potential to generate more stability and higher mechanical strength at welded areas compared to conventional welding methods.
  • The right material solution to drive design innovation and performance: The challenge with most black or dark colored polymers is the materials’ high sensitivity to laser beam, resulting in uneven surfaces at the welding area when a laser beam is applied. As such, Ichikoh sought to find a polymer solution that would not only optimize the process to achieve suitable laser welding conditions but would also adhere to the substrate and most importantly, a great looking finished product. Ichikoh partnered with INEOS Styrolution to select the right styrenic polymer for the application. Working in collaborative innovation, INEOS Styrolution custom developed Novodur HH-112, a high-heat ABS specialty styrenic grade that would offer the performance and aesthetic qualities they require. This marks the first time an ABS resin has been used for a black color laser welded application.

    In the end, the leading Japanese car manufacturer was pleased with the vastly improved part appearance at the welding area. The new process and polymer solution also helped the car manufacturer improve the quality of their cars design.

  • Novodur HH-112 now globally available: Novodur high-heat ABS grades meet stringent stability requirements for thermally stressed components. Novodur high heat is the material of choice for numerous heat-resistant applications, like rear lamp housings, radiator and front grilles, as well as exterior trims. The new Novodur HH-112 product is now available globally from INEOS Styrolution.

Quotes:

Plant Engineering Division, Ichikoh Japan: “This is the first time black colored high-heat ABS is being used for a laser welding application. We are aware of the tough challenge we had given to Styrolution to achieve our target based on market requirements. We are confident that Styrolution’s Novodur HH-112 will prove to be a game changer for laser welded parts in the future.”

SungBeom Park, Asia Pacific Lead, Automotive, INEOS Styrolution: “It is our corporate DNA to always look for the best solutions for our customers, combining costs saving, technical performances and processing. The new laser welding method developed by Ichikoh Japan is unique and will set a standard for car manufacturing in the future. It is a privilege to be able to work with a leader in automotive innovation like Ichikoh Japan.”

About INEOS Styrolution

INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 85 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, toys/sports/leisure, and packaging. In 2015, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.

More information: www.ineos-styrolution.com

Contact

Hui Boon Kwa
Communications Manager Asia Pacific

INEOS Styrolution APAC Pte Ltd
111 Somerset Road
#08-01/02 TripleOne Somerset
Singapore 238164
Phone:     +65 69338373
Email:      huiboon.kwa@styrolution.com
Internet:   www.ineos-styrolution.com

Source: Styrolution SE Asia Pte Ltd

Written by asiafreshnews

May 6, 2016 at 11:40 am

Posted in Uncategorized

Rising Media’s Inside 3D Printing Sydney to Explore 3D Printing Applications in Manufacturing, Healthcare & Medicine, Education, & More

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SYDNEY /PRNewswire/ — Rising Media, Inc. revealed the full programme for the upcoming Inside 3D Printing conference in Sydney, taking place at the Sydney Showground in conjunction with Reed Exhibitions’ flagship manufacturing event, National Manufacturing Week.

Now in its third edition in Australia, Inside 3D Printing is the largest professional global conference series dedicated to exploring business applications in the 3D ecosystem. This is the series’ first year in Sydney, following events in 2014 and 2015 in Melbourne.

The diverse conference programme features experts from Australia and abroad and explores 3D printing innovation across a multitude of fields, including: manufacturing, healthcare & medicine, education, cloud software, product design, economics, and more.

Session topics for Inside 3D Printing Sydney include:

  • Keynote: 3D Printing: International Trends and Markets
  • 3D Printing in Humanitarian Logistics
  • Cloud 3D Printer in a Shared Environment
  • The Death of Manufacturing
  • Keynote: 3D Printing: Defining the Fundamental Shift in Manufacturing Solutions
  • Gamification of CAD: Engaging Consumers Into the Design of 3D Printable Products
  • Economics of 3D Printing and Operation Optimisation in a Commoditised Industry
  • Future of 3D Printing in Australia and Beyond
  • Keynote: Community Based Personalised Healthcare
  • Additive Manufacturing & DMLS Technology Fit
  • Tips for Running a Successful 3D Printing Service Bureau
  • What is CSIRO Doing and How Can I Get Involved?
  • Selective Laser Melting on the Way to Production Environment
  • Ground Breaking Top Down DLP SLA Super Speed 3D Printing and Beyond
  • 3D Printing & CAD Education in Australia: Future Skills
  • Closing Keynote: 3D Printing: Putting the Ability to Create Back in the Hands of the Creative

Prices increase on-site, so register in advance to save. For more information and to register for Inside 3D Printing Sydney, visit inside3dprinting.com/sydney.

If your company is interested in sponsoring or exhibiting at Inside 3D Printing Sydney or an upcoming event, please contact sponsorship@risingmedia.com.

Inside 3D Printing is the largest professional 3D printing and additive manufacturing event worldwide with annual events in Singapore, Germany, Brazil, New York, Australia, France, South Korea, Japan, China, India, and California.  To learn more about upcoming Inside 3D Printing events, visit inside3dprinting.com/upcoming-events.

About Rising Media

Rising Media is a global events and media producer excelling in Internet and technology-related events and content. Events include Inside 3D Printing, RoboUniverse, Virtual Reality Summit, Data Driven Business, Building Business Capability, Predictive Analytics World, Text Analytics World, eMetrics Summit, Conversion Conference, AllFacebook Marketing Conference, Search Marketing Expo, Affiliate Management Days and Web Effectiveness Conference in theUSA, United Kingdom, Germany, France, Italy, India, China, Korea, Japan, Singapore, Australia, Brazil.

For more information, please visit www.risingmedia.com.

For press inquiries, please contact media@risingmedia.com or Christoph Rowen at +852 9190 4412/crowen@risingmedia.com

Source: Rising Media

Written by asiafreshnews

May 6, 2016 at 11:36 am

Posted in Uncategorized

Travelog.com International Launch

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— Asia’s Fastest Growing Travel Marketplace
-“We connect local Asian businesses with travellers from all around the world,” says Sam Xu Xianzhi, CEO of Travelog.com.
-“Our aim is to make the tourism industry in Southeast Asia as hi-tech, open and customer friendly as possible — following the top international trends.”

KUALA LUMPUR, Malaysia /PRNewswire/ — Travelog.com is the 1st Malaysia-based online travel marketplace. After the successful launch of the website at the beginning of February 2016, it has just started an expansion to the whole Asia-Pacific region.

Travelog Team, www.travelog.com
Travelog Team, http://www.travelog.com

What is the idea behind Travelog.com?

Regardless if you are an established travel agent or just drive a small business, if you organize coach city tours, snorkeling trips or local cooking classesvia Travelog.com you can expose, promote and sell your products and services online.

“Travelog.com aspires to be the complex one-stop shop for tourists and backpackers coming to Southeast Asia,  explains Sam Xu. “They can enjoy a diverse selection of tours and activitiesnot only from touristic mainstream but also unique experiences unavailable anywhere else. Sports and adventures, tickets, nature and culture tourswith Travelog every traveller can design their perfect holidays, suitable for an individual travel style and preferences.”

Hidden potential

Asia Pacific is the largest market for travel sales (US$ 691 billion in total according to Euromonitor International), but at the same time it is only third in online sales. Local suppliers have limited time and resources to promote and sell their products online. The language barrier is another challenge they need to overcome. Hence, international travellers find it difficult to find, compare, understand and buy products available in Asia.

Travelog.com wants to address this gap and connect local merchants with potential customers: tourists, travellersand backpackers coming to Southeast Asia from different countries. Sam Xu Xianzhi has analyzed multiple successful start-ups in China and this experience, together with his numerous travels and networks, allowed him to discover the potential of online business in Southeast Asia. Connecting markets and people has been his passion for years. One of the main objectives is to facilitate the communication process and customer relations for local travel merchants inSoutheast Asiaespecially for those who lack an IT background as well as awareness about the new opportunities that digital channels are bringing to the tourism industry in the 21st century.

How does it work?

Travelog.com invites all travel vendors in the Asia-Pacific region to collaborate and take advantage of trendingsolutions to promote their products internationally.

Everybody can create an account, list their products on the user-friendly platform and enjoy additional benefits such as dedicated Marketing and Customer Service. There is no registration fee to join.

Travellers browse the products available, select a location, dates and a destination. An easy, safe and convenient system of booking and online payment via PayPal makes the Travelog experience satisfying for both sides: merchants and customers. At the same time, Travelog.com helps its users to keep track in today’s extremely fastchanging tourist business.

Mobile App coming soon!

Find out more & Join us now:
www.travelog.com
Facebook
Instagram
Twitter
Tumblr

Linkedin

Contact: Anna Jadwiga Matelska, anna@travelog.com, +60-17-339-6495

Photo – http://photos.prnasia.com/prnh/20160504/8521602877

Source: Travelog.com
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Written by asiafreshnews

May 6, 2016 at 11:31 am

Posted in Uncategorized

CWT Reports S$23.2 Million Net Operating Profit for First Quarter of Fiscal 2016

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SINGAPORE /PRNewswire/ — CWT Limited (SGX:C14) (“CWT” or the “Group“), a leading provider of integrated logistics solutions and Singapore’s largest home-grown logistics provider, today announced earnings for its first quarter ended 31 March 2016 (“1Q2016“). The Group reported revenue of S$1.9 billion, gross profit of S$83.6 million, operating profit before tax of S$33.6 million and net operating profit of S$23.2 million. During the quarter, CWT generated S$118.9 million in operating cash flow and posted diluted earnings per share of 3.95 cents. At the end ofMarch 2016, NAV per ordinary share was 132.9 cents, total assets stood at S$3.9 billion and total equity S$826.3 million.

Financial Highlights

In S$’000

1Q2016

1Q2015

% Change

+/(-)

Revenue

1,875,521

2,181,040

(14)

Gross Profit

83,618

83,409

0

Operating Profit before tax

33,621

33,985

(1)

Taxation

(9,059)+

(4,163)

(118)

Net Operating PATNCI

23,175

29,017

(20)

Net Profit Attributable to Owners

23,690

29,242

(19)

Earnings per ordinary share (cents)

3.95

4.87

(19)

NAV per ordinary share (cents)

132.9*

133.8**

(1)

+ Including S$4.2 million withholding tax on dividend received from an overseas subsidiary

* As at 31 March 2016

** As at 31 March 2015

Performance Highlights

Group revenue decreased by 14% from S$2.2 billion to S$1.9 billion due to lower commodity trading volume notably in naphtha and a significant drop in general commodity prices amidst a global downturn in the commodity sector.

Notwithstanding, gross profit for the Group increased marginally from S$83.4 million in 1Q2015 to S$83.6 million in 1Q2016 whilst operating profit before tax sustained at around S$34 million for 1Q2016. Financial Services segment returned better results in both brokerage services and structured trade services whilst profitability of Logistics Services segment as a whole improved, helped by commodity logistics business. However, profit for Commodity Marketing segment was weighed down by unrealised mark-to-market losses.

Group profit after tax declined by 17% to S$25.1 million due largely to withholding taxes paid for foreign dividends received in 1Q2016. Excluding the withholding taxes, profit after tax for the Group would have been S$29.3 million and marginally lower than 1Q2015’s S$30.0 million.

Company Highlights

Singapore 1000 and Singapore 100 International awards

In February 2016, DP Information Group announced results for its best-ranked Singapore Companies 2015. CWT was named in both Singapore 1000 and Singapore 100 International awards.

Distribution of interim dividend

During the quarter, CWT distributed interim cash dividends of 6 cents per ordinary share to shareholders amounting to approximately S$36 million in total.

Logistics expansion update

The construction of CWT mega integrated logistics hub is on track and targeted to complete by first half 2017.

Editor’s note:

This media release should be read in conjunction with CWT’s unaudited financial statements for the first quarter ended31/3/2016 issued in the results announcement dated 5 May 2016 on the SGXNET.

About CWT

CWT is a leading provider of integrated logistics and supply chain solutions. Our business is about connecting world trade. We move, build and power customers’ supply chain forward. We combine our logistics capabilities, global network and resources to add value for customers. CWT Group also provides commodity marketing, financial and engineering services ancillary to its core logistics business. For more information, visit www.cwtlimited.com.

For more information, contact:

CWT Limited

Lynda GOH

Johan LIM

Deputy Group CEO & Group CFO

Senior Manager, Corporate Communications

Tel: (65) 6307 8338

Tel: (65) 6307 8018  

Fax: (65) 6261 2373

Fax: (65) 6261 2373

Email: shlynda@cwtlimited.com  

Email: cbjohan@cwtlimited.com

 

Source: CWT Limited

Related stocks: Singapore:C14

Written by asiafreshnews

May 6, 2016 at 11:26 am

Posted in Uncategorized

GBST Study Outlines Success Scenarios for Blockchain in Capital Markets

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-Blockchain technologies have the potential to address industry inefficiencies but implementation outcomes will vary. GBST analyses four different scenarios for the introduction of blockchain in capital markets in coming years

SYDNEY /PRNewswire/ — GBST Holdings Limited (ASX: GBT), “GBST” has released the findings of its initial study into blockchain technologies for international capital markets participants. Tracking the ongoing benefits of digital disruption, the “Four scenarios for Blockchain in Capital Markets” discussion paper identifies the importance of distributed ledger technology and smart contracts as they potentially reduce inefficiencies and costs, as well as create new market infrastructure capable of challenging traditional capital markets operators.

With a recent push by global consortiums to establish common standards for blockchain technology and further encourage its use across the wider financial services industry, the discussion paper is well timed for capital markets participants.

Nick Clarke, Executive Manager – Institutional Product Management, GBST said: “At one end of the spectrum, blockchain technologies are being proposed to completely rebuild capital markets infrastructure and at the other end, blockchain will simply replace legacy technology in use by clearing houses and CSDs. We place these opportunities into context and analyse what these outcomes could mean for current market participants.

“In each case, features such as agreed consensus, redundancy and smart contracts will have varying benefits for our industry and need to be weighed against the cost of implementing each model. Collaboration with regulators and industry agreement on operational models will be key.”

With a reputation for innovation, GBST has been in active discussion with its global clients regarding use case scenarios for blockchain. Its research has shortlisted four varied scenarios including technology replacement; the extensible ledger; a new global clearing and settlement infrastructure and peer-to-peer finance — or what it has termed in the discussion paper as ‘Uber Finance’. Each scenario outlines the potential advantages and limitations of the introduction of distributed ledger technology, highlighting the potential benefits and limitations.

Clarke continued: “We believe that these varying scenarios for the introduction of distributed ledger technology into capital markets will provide participants with an insight into both the benefits and limitations that particular approaches will offer. It should certainly have market participants thinking about the potential impact of distributed ledger technology on their firm’s operations.”

The discussion paper acknowledged that participants will need internal accounting and client servicing systems into the medium term, possibly acting as a firm’s “digital wallet” but it is longer term that the study acknowledges more focus on the peer-to-peer transacting model will have the potential to reshape participant’s operations.

The “Four scenarios for Blockchain in Capital Markets” discussion paper was developed in conjunction with Data61, Australia’s digital innovation powerhouse and CSIRO entity. A copy of the report is also available here:bit.ly/1ZaF1HB

A summary of each scenario is outlined below:

  • Technology replacement – represents a limited disruption introduction of the technology by incumbent market operators.
  • The extensible ledger – an extension of technology replacement, this scenario could see the formation of a ‘Smart Ledger’.
  • A new global clearing and settlement infrastructure – a global consortium designed to solve clearing and settlement issues in domains currently poorly served by existing infrastructure or facing poor value for money.
  • Global peer-to-peer network – the distributed ledger technology creates a network capable of replacing the traditional capital markets systems in the longer term.

About GBST – www.gbst.com

GBST (ASX: GBT), provides global technology products to the financial services industry, addressing our clients’ needs for innovation, competitiveness and responsive solutions that enable business. Listed on the Australian Securities Exchange, GBST has offices in Australia, United Kingdom, North America, Hong Kong and Singapore.

About Data61

Data61 is Australia’s digital innovation powerhouse.

The world is changing, fast. We are in the throes of shifting to a new economic structure, an evidence-based world, where data underpins our decision-making. In the past two years, more data was produced globally than in all of history. The volume continues to grow exponentially, resulting in massive economic and societal disruption.

At Data61, we are creating our data-driven future. By combining the expertise of the CSIRO Digital Productivity and NICTA teams, we are building the world’s leading data-focused research and innovation powerhouse. A CSIRO entity, Data61 provides a network of capabilities, addressing key growth areas for a data-focused world including: autonomous systems, computer vision, data analytics, digital economy, machine learning, mobile systems, optimisation, software systems, wireless and networks.

Contacts: Nick Clarke, Executive Manager – Institutional Product Management, GBST is quoted in this press release. For further questions, please email media@gbst.com

PR for GBST:

Cathryn van der Walt, 12 Worlds
T: + 61 402 327 633
E: cathryn@12worlds.com

Source: GBST

Related stocks: Australia:GBT

Related Links:

Written by asiafreshnews

May 6, 2016 at 11:23 am

Posted in Uncategorized

GBST Study Outlines Success Scenarios for Blockchain in Capital Markets

leave a comment »

-Blockchain technologies have the potential to address industry inefficiencies but implementation outcomes will vary. GBST analyses four different scenarios for the introduction of blockchain in capital markets in coming years

SYDNEY  /PRNewswire/ — GBST Holdings Limited (ASX: GBT), “GBST” has released the findings of its initial study into blockchain technologies for international capital markets participants. Tracking the ongoing benefits of digital disruption, the “Four scenarios for Blockchain in Capital Markets” discussion paper identifies the importance of distributed ledger technology and smart contracts as they potentially reduce inefficiencies and costs, as well as create new market infrastructure capable of challenging traditional capital markets operators.

With a recent push by global consortiums to establish common standards for blockchain technology and further encourage its use across the wider financial services industry, the discussion paper is well timed for capital markets participants.

Nick Clarke, Executive Manager – Institutional Product Management, GBST said: “At one end of the spectrum, blockchain technologies are being proposed to completely rebuild capital markets infrastructure and at the other end, blockchain will simply replace legacy technology in use by clearing houses and CSDs. We place these opportunities into context and analyse what these outcomes could mean for current market participants.

“In each case, features such as agreed consensus, redundancy and smart contracts will have varying benefits for our industry and need to be weighed against the cost of implementing each model. Collaboration with regulators and industry agreement on operational models will be key.”

With a reputation for innovation, GBST has been in active discussion with its global clients regarding use case scenarios for blockchain. Its research has shortlisted four varied scenarios including technology replacement; the extensible ledger; a new global clearing and settlement infrastructure and peer-to-peer finance — or what it has termed in the discussion paper as ‘Uber Finance’. Each scenario outlines the potential advantages and limitations of the introduction of distributed ledger technology, highlighting the potential benefits and limitations.

Clarke continued: “We believe that these varying scenarios for the introduction of distributed ledger technology into capital markets will provide participants with an insight into both the benefits and limitations that particular approaches will offer. It should certainly have market participants thinking about the potential impact of distributed ledger technology on their firm’s operations.”

The discussion paper acknowledged that participants will need internal accounting and client servicing systems into the medium term, possibly acting as a firm’s “digital wallet” but it is longer term that the study acknowledges more focus on the peer-to-peer transacting model will have the potential to reshape participant’s operations.

The “Four scenarios for Blockchain in Capital Markets” discussion paper was developed in conjunction with Data61, Australia’s digital innovation powerhouse and CSIRO entity. A copy of the report is also available here:bit.ly/1ZaF1HB

A summary of each scenario is outlined below:

  • Technology replacement – represents a limited disruption introduction of the technology by incumbent market operators.
  • The extensible ledger – an extension of technology replacement, this scenario could see the formation of a ‘Smart Ledger’.
  • A new global clearing and settlement infrastructure – a global consortium designed to solve clearing and settlement issues in domains currently poorly served by existing infrastructure or facing poor value for money.
  • Global peer-to-peer network – the distributed ledger technology creates a network capable of replacing the traditional capital markets systems in the longer term.

About GBST – www.gbst.com

GBST (ASX: GBT), provides global technology products to the financial services industry, addressing our clients’ needs for innovation, competitiveness and responsive solutions that enable business. Listed on the Australian Securities Exchange, GBST has offices in Australia, United Kingdom, North America, Hong Kong and Singapore.

About Data61

Data61 is Australia’s digital innovation powerhouse.

The world is changing, fast. We are in the throes of shifting to a new economic structure, an evidence-based world, where data underpins our decision-making. In the past two years, more data was produced globally than in all of history. The volume continues to grow exponentially, resulting in massive economic and societal disruption.

At Data61, we are creating our data-driven future. By combining the expertise of the CSIRO Digital Productivity and NICTA teams, we are building the world’s leading data-focused research and innovation powerhouse. A CSIRO entity, Data61 provides a network of capabilities, addressing key growth areas for a data-focused world including: autonomous systems, computer vision, data analytics, digital economy, machine learning, mobile systems, optimisation, software systems, wireless and networks.

Contacts: Nick Clarke, Executive Manager – Institutional Product Management, GBST is quoted in this press release. For further questions, please email media@gbst.com

PR for GBST:

Cathryn van der Walt, 12 Worlds
T: + 61 402 327 633
E: cathryn@12worlds.com

Source: GBST

Related stocks: Australia:GBT

Related Links:

Written by asiafreshnews

May 6, 2016 at 11:16 am

Posted in Uncategorized