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Tag: big four blockchain

privacy on the public blockchain ethereum BCTECH NEWS 

EY Builds World’s First Enterprise Solution to Secure Privacy on the Public Blockchain Ethereum

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‘Big Four’ professional services firm, Ernst & Young (EY) has launched its prototype of a groundbreaking enterprise blockchain product that has integrated Zero-Knowledge Proof (ZKP) technology to secure privacy on the public blockchain Ethereum. Entitled ‘EY Ops Chain Public Edition’ (PE), the professional services giant intends to boost the adoption of blockchain technology by negating the need to build or join various permissioned, private networks.  EY’s Global Innovation Leader of Blockchain, Paul Brody stated: “The biggest challenge for enterprises’ blockchain adoption is the ability to on-board business partners into their private or consortium blockchain…

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blockchain identity solutions for government deloitte and attest NEWS REGULATORS 

Deloitte Joins Startup Attest to Push Blockchain Identity Solutions for Governments

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The world’s largest professional services network, also known as one of the ‘Big Four’, Deloitte has partnered with blockchain startup company Attest Inc. to develop and push blockchain identity solutions for Governments. According to a press release on Monday by Deloitte, it will collaborate with the Chicago-based blockchain startup to develop a digital identity offering for its impressive list of Governmental clients, based on Attest‘s existing products. Founded in March 2018 by Cab Morris and Jennifer O’Rourke, two former employees of the Illinois State’s governing office, and leaders of its blockchain initiatives, Attest‘s shared…

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blockchain land registry solutions NEWS REGULATORS 

UK’s Property Regulator Enlists R3’s Corda for Blockchain Land Registry Solutions

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R3 CEO, David Rutter announced on Thursday at London’s CordaCon annual gathering, that the U.K. government has selected R3’s Corda to develop blockchain land registry solutions. The U.K. government‘s HM Land Registry (HMLR), which safeguards land and property ownership worth over £4 trillion, including approximately £1 trillion of mortgages, aims to explore how to make the house buying process in the UK faster, simpler and more transparent. The appointment comes as part of the second phase of HMLR’s research and development project, entitled ‘Digital Street’.  The HMLR’s website states: “The point of…

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enterprise blockchain solutions FTSE / NASDAQ NEWS 

Technology Giants Intel and SAP Team Up to Develop Enterprise Blockchain Solutions

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World famous chip maker, Intel and SAP have joined forces to develop enterprise blockchain solutions to address “gaps in the market”, and potentially become a direct competitor to the Linux Foundation’s Hyperledger and R3’s Corda. According to a post on Intel’s website, the technology giant has teamed up with SAP, the German-based multinational software corporation, to find solutions that power enterprise blockchain systems for easier integration and adoption.  Tim Allen, a strategic relationship manager at Intel wrote: “SAP and Intel’s co-development efforts are geared toward creating superior blockchain technologies and integrating them with new and…

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pwc is launching a blockchain course INFLUENCERS NEWS 

‘Big Four’ PwC is launching a Blockchain Course for 1000 Staff to Meet Clients Needs

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One of the worlds ‘Big four‘ professional services firms, PriceWaterhouseCoopers (PwC) is launching digital training programs for its employees, within which PwC is launching a blockchain course to boost knowledge and meet its clients needs. Set to begin in January, the two-year digital skills course, entitled “Digital Accelerators”, will train 1,000 employees on everything from cleansing data and drones, to blockchain technology and 3D printing. Digital talent leader at PwC and head of the program, Sarah McEneaney explained that PwC clients expect things more digitally in order to control their costs,…

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Insurance blockchain consortium FTSE / NASDAQ NEWS 

Enterprise Giants Accenture and EY Join Insurance Blockchain Consortium RiskBlock

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Insurance blockchain consortium RiskBlock appears to be getting set to launch a number of major trials, with it’s recent announcements on bringing enterprise giants Accenture and Ernst & Young (EY) on-board. The RiskBlock Alliance was launched in July of 2017 by The Institute, the world’s leading not-for-profit provider of education and research for risk management and insurance. To date, it has brought 30 global insurers, reinsurers and brokers together as members of the consortium, with the aim of utilising blockchain technology to streamline processes, reducing industry and consumer costs, whilst improving safety…

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blockchain for the aerospace industry FTSE / NASDAQ NEWS 

Accenture Partners with Thales to Launch Blockchain for the Aerospace Industry

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Consulting giant, Accenture has partnered with a major global defence firm, Thales, to launch a blockchain that aims to secure and streamline aerospace and defence (A&D) supply chains. Accenture report that “86% of A&D companies expect to integrate blockchain technology into their corporate systems by 2021”. As prime contractor for advanced air and missile defence capabilities to NATO forces, Thales’ launching this blockchain for the aerospace industry, marks a potential “game changing innovation for this sector”.

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google blockchain cloud service launches FTSE / NASDAQ NEWS 

Google Blockchain Cloud Service to launch with Startups Digital Asset and BlockApps

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Google’s blockchain cloud service launched today at its Cloud Next ’18 conference in San Francisco. Unlike fellow tech giants Microsoft and Amazon, it has not launched directly with Hyperledger and Ethereum. Instead it has partnered with blockchain startups BlockApps and Digital Asset, both specialising in enterprise level solutions. Although Google is one of the last cloud giants to offer blockchain, it was also the second most active blockchain investor between 2012 and 2017. Unnamed sources have previously said that Google is working on its own distributed ledger.

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blockchain financial reporting big four FTSE / NASDAQ NEWS 

The Worlds ‘Big Four’ Accountancy Firms Join to Trial Blockchain Financial Reporting

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The world’s largest accountancy firms, Deloitte, EY, KPMG and PwC join a consortium of 20 major banks trialling a revolutionary blockchain financial reporting service. Developed by the Taiwanese banking consortium, with the cooperation of Taiwan’s FISC, the platform aims to streamline ‘external confirmation’ processes for auditing companies, from “half a month” to “within a day”. The ‘big four’ will begin with the pilot in Taiwan, with expansion of the trial set for next year to include over 1,400 publicly-listed companies in China.

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Baidu launches a blockchain image app FTSE / NASDAQ NEWS 

China’s Biggest Search Engine Baidu Launches a Blockchain Image App called ‘Totem’

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China’s biggest search engine, Baidu goes live with its blockchain image app ‘Totem’, marking the first blockchain application released on its private XuperChain network. The copyright platform incorporates a ‘Totem Point’ token as an incentive for users validating their images. With established relationships in the copyright industry, bringing in over 10 billion yuan a day, Baidu is aiming to take the lead in the picture copyright industry, and looks to expand to other digital media assets, such as videos by the first quarter of 2019.

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saudi arabia selects ibm to develop blockchain NEWS REGULATORS 

Saudi Arabia Selects IBM to Develop Blockchain for the City of Riyadh

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In a major contract with oil rich Saudi Arabia, IBM have been selected to develop blockchain for the Municipality of its capital city Riyadh, integrating both government and commercial services for its 7 million citizens and residents. IBM have been instructed to work closely with the municipality’s technology partner, Elm. The blockchain initiative is in line with the Saudi Vision 2030 program, a plan enacted by Crown Prince Mohammad bin Salman in 2016, and is focused on reducing the country’s dependence on oil revenue by diversifying the economy.

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delaware signs ibm to build a blockchain filing system NEWS REGULATORS 

Leading U.S. Business State, Delaware Signs IBM to Build a Blockchain Filing System

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In a $738,000 deal without competitive bidding, the corporate friendly U.S. state of Delaware signs IBM to develop a blockchain filing system prototype on its Hyperledger Fabric blockchain. Delaware aims to utilise blockchain technology to assist business registration, and allow corporations to take advantage of smart contracts to automatically track stocks and collateral assets in real time. With more than half of all U.S. publicly traded companies, and two thirds of the fortune 500 incorporated in the state, it is a significant move.

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fast track blockchain service fujitsu FTSE / NASDAQ NEWS 

Tech Giant Fujitsu to Launch a ‘Five Day’ Fast Track Blockchain Service

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Global tech giant and founding member of Hyperledger, Fujitsu is launching a new fast track blockchain service to deliver a “ready-to-go” product in just five days. Priced from €9,900, the consultancy aims to offer customers a way to identify and utilise blockchain technology, encouraging a ‘proof of business’ as opposed to a ‘proof of concept’ approach. It will be available throughout EMEIA from Fujitsu’s Blockchain Innovation Centre in Belgium, from where it aims to enable the development of “the city of the future.”

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enterprise blockchain platform the netherlands kpn microsoft unchain.io FTSE / NASDAQ NEWS 

Microsoft and KPN team with Dutch Startup Unchain.io to Create an Enterprise Blockchain Platform

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Microsoft and KPN, one of the biggest ICT service providers in The Netherlands, have teamed up with the Dutch blockchain startup, Unchain.io to create an enterprise blockchain platform. KPN provide key services to much of The Netherlands infrastructure, from government and healthcare, through to commercial industry. Through this partnership it aims to run a fast-track platform for enterprise-level clients, in order to accelerate the adoption of blockchain in The Netherlands.

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blockchain technology can save the UK government £8 billion NEWS REGULATORS 

British MP Reveals that Blockchain Technology Can Save the UK Government £8 Billion

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On the release of a report entitled ‘Unlocking Blockchain’, British Conservative Member of Parliament (MP) Eddie Hughes urges government to appoint a Chief Blockchain Officer, stating that blockchain technology can save the UK government £8 Billion. The report suggests that businesses standing to benefit from increased adoption of blockchain technology, could fund a competition to attract talented blockchain developers. British Prime Minister Theresa May has recommended that a digital copy of the report should be sent to every member of British Parliament for their consideration.

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banking industry to launch crypto tokens FTSE / NASDAQ NEWS 

RBS Leading Banking Industry to Launch Crypto Tokens with R3’s Corda Technology

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RBS, one of the world’s 30 largest financial institutions, has confirmed that it has been leading a consortia of banks to develop an enterprise blockchain standard platform entitled Cordite, which will allow the banking industry to launch crypto tokens on one network. Utilising the coding of R3 Corda blockchain technology, the open source CorDApp aims to do what the ERC-20 standard did for Ethereum, ensuring that all tokens adhere to a set of functions, anywhere within the Cordite system.

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blockchain content rights microsoft EY FTSE / NASDAQ NEWS 

Microsoft and EY Join Forces to Build World’s Biggest Enterprise Network with Blockchain Content Rights Platform

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In a partnership with ‘big four’ consulting firm EY, Microsoft launch a blockchain content rights platform to manage the licensing process, and potentially become the world’s biggest enterprise network. The intellectual property of content generates millions of transactions per month, aggregating to billions of dollars in royalties. With the launch of the blockchain royalties platform, Microsoft and EY aim to majorly transform the value chain, cutting out the ‘middlemen’ and reducing the payment period from 45 days to just one.

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sap launches blockchain FTSE / NASDAQ NEWS 

Global Enterprise Software Giant SAP Launches Blockchain Service

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Global software giant SAP introduces Blockchain as a Service (BaaS) to its SAP Leonardo service, with Hyperledger Fabric and MultiChain. Through the inter-connectivity of emerging technologies such as artificial intelligence (AI) and the internet of things (IoT) into “one ecosystem”, SAP have outlined their plan to take on Salesforce in the CRM market. CEO, Bill McDermott stated that the company “was the last to accept the status quo of CRM, and is now first to change it. That’s a guarantee.”

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blockchain in pharmaceuticals FTSE / NASDAQ NEWS 

GSK is Fighting Fake Drugs with ConsenSys Startup ‘Viant’ for Blockchain in Pharmaceuticals

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One of the world’s biggest pharma companies, GlaxoSmithKline is working with Ethereum-based ConsenSys startup Viant to develop blockchain in pharmaceuticals. With the release of new regulations to protect U.S. consumers from fake, contaminated and stolen medications, the pilot could not have come at a better time. Furthermore, the immutable ledger aims to combat $200 billion in lost sales each year.

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De Beers diamond blockchain FTSE / NASDAQ NEWS 

World’s Largest Jewellery Retailer Joins De Beers Diamond Blockchain Platform Tracr

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Signet, a UK based multi-billion dollar company and the world’s largest jewellery retailer, joins De Beers diamond blockchain platform Tracr. Creating a Global Diamond ID on an immutable ledger, the precious stones are tracked across the supply chain, ensuring they do not originate from conflict zones or areas of exploitation. De Beers completed a proof-of-concept trial with 100 high-value diamonds in May, marking the first time a diamond’s journey was digitally-tracked from mine to retail. Tracr is set for to fully launch later this year.

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