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Barclays, the U.K. banking behemoth, is challenging Barclays To Host Blockchains Hackathon developers to assist refurbish the worldwide derivatives market next month at a hackathon. Disclosed to the media this week, DerivHack will take place at Barclays' Rise accelerator spaces at the same time in New York and London on September 20 and 21, 2018. The ISDA (International Swaps and Derivatives Association), Thomson Reuters, and Deloitte are co-sponsoring the hackathon.

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Every other second, a new website is attacked with malware. All hosting providers require or recommend in its terms of service that hosted websites should be prepared for unplanned change or losses. Yet, every four out of five site admits and owners do not maintain up-to-date backups. As a result, restoring the compromised site is difficult and costly.