View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 20, 2018

Crypto asset coding competition launched by Deutsche Bourse

Deutsche Bourse is looking to explore avenues including blockchain and ICOs to get involved in the crypto asset space.

By Tom Ball

The marketplace organiser, Deutsche Bourse, has begun distributing invitations to development teams to enter a coding competition for the development of crypto asset applications.

This move comes as a response to the changing asset landscape, with organisations from across the full range of industries now holding or showing interest in virtual currency.

By holding a competition, Deutsche Bourse is looking to leverage the innovation and agility of developers to explore the avenues available for working with crypto assets. Some of the options for involvement in this arena include blockchain, initial coin offerings and of course cryptocurrencies themselves.

Crypto asset coding competition launched by Deutsche Bourse

Information included with the Deutsche Bourse invitation said: “Crypto assets are entering established industries, demonstrating that innovation and change have to be addressed. We are confident that the current financial and crypto asset worlds will be benefitting from each other. We want to be part of this movement, and very importantly want to learn about people like you who shape it.”

While this marks a bold step forward toward a new approach, this is not the first instance of Deutsche Bourse looking to take part in the world of digital assets.

UK financial services failing to keep pace in global digital race
Cryptocurrency to hit the high street in two years
GDPR 100 day countdown: 74% of UK business confident

In 2017 it filed a patent for a new method of transporting collateral between banks via a tokenised process. This project involves peer-to-peer payments being joined by movements of collateral between the Eurex Clearing members involved. The main goal of this project has been to enhance post-trade efficiency, particularly in regard to asset servicing and settlement processes.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Despite the value of cryptocurrencies being hit hard recently, there is continued interest in their future. Recently a group of cryptocurrency companies in the UK including CoinBase stepped forward to initiate a self-regulating initiative, the call for cryptocurrency regulation has been growing louder on a global scale and many believe it is essential if they are to retain any investor faith.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.