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Tag: blockchain supply chain

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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interoperable blockchain financial system nasdaq and microsoft FTSE / NASDAQ NEWS 

Microsoft Partners with Nasdaq to Provide an Interoperable Blockchain Financial System

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Global technology giant, Microsoft has revealed that it has cemented a partnership with Nasdaq to provide an interoperable blockchain financial system for traders, via its Azure Blockchain arm. As the world’s second largest stock exchange, Nasdaq has decided it is time to accelerate its blockchain technology capabilities, which it is now doing by integrating Microsoft Azure Blockchain services into the Nasdaq Financial Framework (NFF).  Senior vice president of enterprise architecture at Nasdaq, Tom Fay stated: “from our perspective, Azure is unlocking the power of the blockchain” Launched in 2016, the NFF powers applications and software…

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oracle blockchain supply chain FTSE / NASDAQ NEWS 

Software Giant Oracle Rolls Out Blockchain Supply Chain Apps Using Hyperledger

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One of the world’s biggest software companies, Oracle has released four new blockchain supply chain apps based on Hyperledger Fabric technology, designed to reduce the barriers for businesses to adopt blockchain technology. Integrating nascent technologies such as the Internet of Things (IoT) and artificial intelligence (AI) with blockchain, Oracle aims to provide increased transparency and improved traceability to supply chain management systems. The new business-ready product entitled ‘Oracle Blockchain Applications Cloud’ provides a suite of applications (apps) that intend to make it easy for businesses to integrate blockchain supply chain systems.  Oracle’s Senior…

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NEWS REGULATORS 

Ofcom Wins Almost $1 Million to Develop a UK Blockchain Phone Number System

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The U.K.’s telecommunications regulatory authority, Office of Communications (Ofcom) has received close to $1 million (£700,000 Sterling) to develop a national blockchain phone number system. The Department for Business, Energy and Industrial Strategy, setup by the government in 2016, has awarded the grant to Ofcom as part of its £10 million Regulators’ Pioneer Fund.  As stated in a press release on Friday, the Business Secretary MP (member of Parliament), Greg Clark said the project will: “further strengthen our regulatory system and ensure that it keeps pace with the innovation and technological…

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worlds biggest blockchain consortiums BCTECH NEWS 

Worlds Biggest Blockchain Consortiums Ethereum’s EEA and Hyperledger Join Forces

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In an unprecedented move, two of the worlds biggest blockchain consortiums, Enterprise Ethereum Alliance (EEA) and Linux Foundation’s Hyperledger Project have joined forces to excel the adoption of blockchain technology in the enterprise sector. Announced in a jointly authored news release by Hyperledger Executive Director, Brian Behlendorf, and EEA Executive Director, Ron Resnick, the two confirmed that they have agreed to collaborate and are formally joining each other’s organisations as Associate Members, stating: “The collaboration between our organisations will further accelerate adoption of blockchain technologies for business.” The EEA, launched in early 2017,…

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FTSE / NASDAQ NEWS 

AT&T Launches Enterprise Blockchain Solutions With IBM and Microsoft Azure

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The world’s largest telecommunications firm, AT&T launches enterprise blockchain solutions in collaboration with technology from IBM Blockchain and Microsoft Azure. According to the announcement on Wednesday, AT&T is offering a suite of blockchain services that have been designed to help businesses automate and digitise processes using blockchain technology. The AT&T news release states that it will be merging the nascent technology with its “edge-to-edge capabilities” such as its Internet of Things (IoT) services to add automation and monitoring, enabling advanced permission-based blockchain supply chain capabilities. Targeting clients within the manufacturing, retail and healthcare industries, the U.S. based…

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jpmorgan blockchain platform to rival r3 FTSE / NASDAQ NEWS 

75 Major Banks Join JPMorgan Blockchain Platform to Rival R3 and Fintech Startups

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More than 75 multinational banks have joined the JPMorgan blockchain platform to rival R3, or any other company outside of the banking sector, in a bid to keep payments ‘in-house’ via the Interbank Information Network (IIN). JPMorgan, the largest bank in the U.S., departed from the R3 consortium after a year’s membership, and together with the Royal Bank of Canada and the Australia and New Zealand Banking Group (ANZ), in October 2017 they began developing the IIN payments platform. Built using JPMorgan’s Ethereum-based private blockchain Quorum, in partnership with development studio EthLab, the…

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Walmart tells suppliers to use IBM blockchain FTSE / NASDAQ NEWS 

Worlds Largest Retailer Walmart Tells Suppliers to Use IBM Blockchain Food Trust

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The world’s largest retailer, both by revenue and by employee count, Walmart tells suppliers to use IBM Blockchain Food Trust platform, beginning with its leafy green producers in the U.S. Announced in a press release on Monday, the mandate which also includes Walmart’s retail warehouse Sam’s Club, requires all relevant suppliers to be fully integrated a year from now, making it one of the biggest commercial uses of blockchain technology. Utilising IBM’s distributed ledger technology that is permission-based, the company aims to expedite the traceability of contaminated foods, Matt Smith…

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FTSE / NASDAQ NEWS 

UK’s Biggest Port Operator Exploring Blockchain Shipping Solutions Across 21 Ports

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UK’s biggest port operator, Associated British Ports begins exploring blockchain shipping solutions across its 21 UK ports, in partnership with logistics software service provider Marine Transport International (MTI). ABP, which carries out 25 percent of the cargo shipments in Great Britain, have signed a Memorandum of Understanding (MoU) with MTI to pilot shipments using blockchain technology.  Commercial Director at ABP, Jens Skibsted Nielsen stated: “We handle almost 100 million tons of cargo across all sectors every year, so we are a significant gateway for our customers’ supply chains,” According to a report by the…

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bmw selects blockchain startup bloom FTSE / NASDAQ NEWS 

BMW Selects Blockchain Startup Bloom to Develop Customer Lending Solution

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German automotive giant, BMW selects blockchain startup Bloom to develop customer lending solutions with the aim of streamlining its financial services for its customers. Launching a ‘BMW Financial Services Collaboration Lab’ (BMW FSCL), Bloom together with five other start-ups shortlisted from 212 applicants, will collaborate in a 10-week lab at BMW Financial Services’ offices in Hilliard, Ohio, to further develop their ideas, alongside leading subject matter experts in the automotive and financial sectors. The BMW FSCL aims to digitalise the customer journey, critical areas that the the program will focus on…

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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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FTSE / NASDAQ NEWS 

IBM Blockchain Payments Platform ‘World Wire’ Goes Live Powered by Stellar

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The IBM blockchain payments platform has officially been taken out of beta and is now live, entitled ‘Blockchain World Wire’, it is powered by the Stellar network, with whom it has been working with since October 2017. ‘World Wire’ aims to provide financial institutions with ‘a new way to move money’, according to the website it states that it can: “simultaneously clear and settle cross-border payments in near real-time” Essentially, the IBM blockchain payments platform is designed to negate the time heavy and costly intermediary processes that international payments systems have traditionally…

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FTSE / NASDAQ NEWS 

Google Expands Big Data Analytics Tool to Explore Ethereum Blockchain

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Internet search giant, Google expands its Big Data analytics tool to explore Ethereum blockchain using BigQuery, a web service that provides interactive analysis of massively large data-sets, powered by Google Storage. Chrome users are now able to access a daily dose of all of the data stored on Ethereum’s blockchain, by way of BigQuery, a new Google plugin that provides visuals and a variety of tools for analysing the Ethereum platform. In a blog post announcement made on Saturday, the tech behemoth explained that until now, there have only been app platforms for checking transaction status or…

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global blockchain patent rankings FTSE / NASDAQ NEWS 

Alibaba and IBM Top the Leader Board for Global Blockchain Patent Rankings

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Tech giants Alibaba and IBM top the leader board for global blockchain patent rankings, according to a new report by iPR Daily, a global technology media outlet that specialises in intellectual property (IP) ecosystems. The research, published on Friday by iPR Daily, ranks entities by patents filed.  It stated that it consolidated data as of August 10 from across China, the EU, America, Japan and South Korea, consulting the International Patent System from the World Intellectual Property Organisation (WIPO). The report shows that the Chinese internet giant Alibaba managed to seal the top position with its 90 patent applications focused on blockchain-related…

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Dfinity to Disrupt Cloud Computing BCTECH NEWS 

Major Venture Capital Firms Invest $102 Million in Dfinity to Disrupt Cloud Computing

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Andreessen Horowitz and Polychain have led a founding round which has seen major venture capital firms invest $102 million in DFINITY to disrupt cloud computing with its blockchain-based ‘internet computer’. With its foundation based in Zug, Switzerland’s blockchain hub, the Dfinity team working from Palo Alto aims to reinvent computing by replacing large platforms like Amazon Web Services (AWS) and Microsoft Azure with a decentralised alternative. The not-for-profit organisation believes that by creating millions of nodes that will collectively serve as a public computing resource, its technology could cut the costs of running…

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UEFA Super Cup tickets using blockchain technology FTSE / NASDAQ NEWS 

UEFA Successfully Distributes Super Cup Tickets Using Blockchain Technology

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The Union of European Football Associations (UEFA) has confirmed that they successfully trialled the distribution of Super Cup tickets using blockchain technology, for last week’s football match between Real Madrid and Atlético Madrid held in Tallinn, Estonia. This was not the first live trial however, as well as several other football matches, the blockchain ticketing system was used to distribute 50% of tickets available to the general public, for the 2018 Europa League final in Lyon between  Atlético Madrid and Marseille. It was following the success of those tests, that EUFA implemented the…

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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 insurance data platform NEWS REGULATORS 

Major US Insurance Advisory AAIS and IBM Pilot Blockchain Insurance Data Platform

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One of only two major ‘rating bureaus’ in the US, the American Association of Insurance Services (AAIS), has partnered with IBM to launch a blockchain insurance data platform. Entitled Insurance Data Link (openIDL), it aims to simplify regulatory reporting for insurance carriers, which currently requires time-consuming data calls across various parties. Several major US insurers are being on-boarded, and AAIS is reported to be targeting carriers and organisations of “every size and configuration”.

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first ever blockchain bond - world bank NEWS REGULATORS 

World Bank and CBA to Issue First Blockchain Bond with Ethereum and Microsoft

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In a major announcement, the World Bank is preparing to issue the first blockchain bond to the Commonwealth Bank of Australia (CBA) on a private Ethereum-based blockchain, which will run on Microsoft Azure’s cloud platform. Currently, the World Bank issues between US$50-US$60 billion annually in bonds for sustainable development. It says that blockchain technology has the potential to “help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight”

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