CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Microsoft investing heavily in blockchain, far beyond bitcoin

Stefano Tempesta, regional director for Microsoft in Switzerland, spoke to IGTV’s Victoria Scholar at the Global Blockchain Innovation Summit in London about how Microsoft is investing in blockchain.

anonymous

Publication date : 2018-05-22T12:30:53+0100

Video poster image

Microsoft's investment surge in blockchain

The rapid growth of cryptocurrencies and the hysteria around bitcoin has drawn attention to the technology that underpins it: blockchain. Beyond this, however, most people know little more about the new distributed ledger technology. According to Research and Markets, the global blockchain market is set to grow to just over $8.68 billion by the end of 2024, from $212.12 million in 2016. This month, IG attended the Global Blockchain Innovation Summit in London to learn more about blockchain. Microsoft, Deutsche Telekom, Dell EMC, Bank of New York (BNY) Mellon and IBM were among the major companies to send delegates. The event’s organiser, Corporate Parity, says:

‘The next great disruptor, blockchain, is seemingly here to stay. Not only is it here to stay, but it is set to dramatically alter our lives in the very near future. Likened to the advent of the internet itself, blockchain technology has the power to transform how we do everyday tasks, reinventing economics and the exchange of information as it does so.

From healthcare and government to insurance and retail, blockchain will directly impact industry, affecting both customer and supplier. While the true potential of blockchain has yet to be fully explored or exploited, the time is fast approaching. Before we know it, this simple, yet crucial, technological advance will change the game for good.'

Microsoft is among the pioneers in the blockchain space. This month, the technology giant launched a new product, the Azure Blockchain Workbench, which is a new developer tool created to make it easier to build blockchain applications. Nestlé and 3M are among the notable companies using Blockchain Workbench so far. Microsoft says it helps businesses to get up and running quickly, build applications in days, not months, and easily integrate blockchain workflows with existing systems. Stefano Tempesta, regional director for Microsoft in Switzerland, says blockchain is a significant space to watch and he sees its application going far beyond cryptocurrencies.

In another potential use of the blockchain and other distributed ledger technologies (DLTs), Microsoft is investing in decentralised digital identities, which the company says will 'enhance personal privacy, security and control'. Using education as an example, Tempesta says, through blockchain, students will 'own their digital identity and studies across multiple educational institutes'. He says that certificates will be issued on blockchain and can be signed digitally, whereby 'recruiters, employers, government and universities can verify students’ credentials without relying on central authorities'.

In terms of the biggest risks around blockchain, Tempesta says they are difficult to predict but will likely come from misuse and the immutability property of blockchain, because anything put on the ledger will stay forever and cannot be removed. He says there is a potential abuse around illegal traffic and adult content. While he does not argue for governance, because he says this goes against what blockchain is about, he says the technology will need some kind of filter.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Find articles by writer

This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in order to utilise their foreign investment allowance should the South African resident wish to open an offshore account with IG Markets Limited.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. IG Markets South Africa Limited is an authorised financial services provider (FSP No 41393). Whilst IG Markets South Africa Limited is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

IG Markets South Africa Limited is an authorised over-the-counter derivative provider and is regulated by the Financial Sector Conduct Authority.

The information on this site is not directed at residents of the United States or Belgium or any particular country outside South Africa and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Voted SA’s top CFD provider in Business Day Investors Monthly Annual Stockbroker Awards in 2012, best platform for Active Day Traders in 2013 and 2014, SA's best Online Broker in 2015 and 2017 and SA's best CFD provider in 2020 as well as SA's Top CFD Broker in 2021.