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Tag: blockchain value

Blockchain for the Government of Australia NEWS REGULATORS 

IBM Signs $1 Billion Deal to Develop Blockchain for the Government of Australia

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IBM has signed a five year contract to the value of AUD $1 billion (US $740 million), to develop blockchain for the Australian government over the next 5 years. The deal will see blockchain technology utilised to improve data security within federal departments and across different realms of the state’s jurisdiction, including taxation and border control. It is the largest technology contract ever to be negotiated by the government, and is set to save it over $100 million dollars.

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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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- Enterprise Blockchain Infrastructure FTSE / NASDAQ NEWS 

Microsoft and Digital China Partner to Launch Enterprise Blockchain Infrastructure

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Microsoft and Digital China, the largest IT service provider in China, partner to launch enterprise blockchain infrastructure to the South East Asia region. Completing the three-party alliance is High Cool, a leading cloud management service provider in Taiwan. Sun Yutao, the founder of Digital China believes blockchain needs to be combined with IoT, biometrics and artificial intelligence (AI) in order to thrive. In January this year, Microsoft launched its AI R&D base in Taipei City, and is investing US$33 million in its offices.

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European Banks Complete First Blockchain Financial Trades FTSE / NASDAQ NEWS 

Nine Major European Banks Complete First Blockchain Financial Trades with ‘we.trade’

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A consortia of nine major European banks including HSBC, Santander and Société Générale, have announced the successful completion of the first ten blockchain financial trades, made using their jointly developed blockchain platform, we.trade. The trade solution, built on IBM’s Hyperledger Fabric blockchain, is aimed to be a game changer for SME commercial banking clients within Europe. Available across eleven countries, COO Roberto Mancone confirmed it will begin licensing to other banks over the coming months, expanding its reach globally.

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Food chain blockchain UK Food Standards Agency NEWS REGULATORS 

UK Government Food Agency Trials Food Chain Blockchain, Beginning with Beef

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In a major development, the UK’s Government Food Standard Agency successfully completes a food chain blockchain pilot for beef, marking the first time that the technology has been used as a regulatory tool to ensure compliance in the UK food sector. The world’s meat consumption is at an all time high, and with recent food fraud incidents such as the 2013 horse meat scandal, the UK is primed for the streamlined management and immutable security that blockchain can offer the farming industry.

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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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World Economic Forum awards blockchain startup Everledger INFLUENCERS NEWS 

World Economic Forum Awards Blockchain Startup Everledger as Technology Pioneer 2018

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World Economic Forum awards blockchain provenance platform ‘Everledger’ as Technology Pioneer for 2018. Everledger is best known for tracking diamonds, and currently has over 2 million diamonds cryptographically-certified on the blockchain. By employing its solution to track the provenance of high-value assets and luxury goods, it aims to provide an immutable history of an asset’s authenticity, existence and ownership. Working with insurance and governing bodies, it aims to disrupt fraud, money laundering and the global counterfeit goods market, valued at over US $460 billion a year.

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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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Sergio Ermotti, CEO of UBS believes blockchain technology INFLUENCERS NEWS 

Sergio Ermotti, CEO of UBS Believes Blockchain Technology is “almost a must” in Banking

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Sergio Ermotti, CEO of Swiss financial services giant UBS believes blockchain technology is “almost a must” for banking. In an interview with CNBC on Monday, he revealed that he is convinced that the technology: “will be as crucial and disruptive, and changing as regulation was in the last 10 years.” Ermotti said the focus is on the future, as he sees the cost base of the banking industry transforming over the coming five to ten years, he stated: “The only way you can stay relevant is not only by being strong…

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blockchain to track ad data budweiser kiip BCTECH NEWS 

InBev, the World’s Largest Brewer Puts Budweiser on the Blockchain to Track Ad Data

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The world’s largest brewer, AB InBev partners with Kiip to launch the world’s first blockchain powered mobile ad campaigns. Using Ethereum, Kiip’s ‘Single Ledger’ mobile marketing product will enable all players in the mobile ad sales chain to view and audit campaign data directly, bringing an end to fraudulent reporting by third parties and ad servers. Beginning with Budweiser, Bud Light, Michelob Ultra and Estrella, InBev says it is “disrupting existing paradigms through innovation and putting consumers at the heart of everything.”

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BCTECH NEWS 

Adblock Plus Identify Fake News using Blockchain Technology

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Adblock Plus are launching TrustedNews, identifying fake news using blockchain technology. Partnering with MetaCert, the largest anti-fraud and URL registry, the browser ‘add-on’ marks for trustworthiness and labels media for fake news.

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ADX signs a blockchain deal FTSE / NASDAQ NEWS 

UAE Stock Exchange ADX Signs a Blockchain Deal with UK Startup EquiChain

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Abu Dhabi Stock Exchange ADX signs a blockchain deal with UK fintech startup EquiChain, blockchain specialists for capital markets. The UAE has been leading the way in the oil rich region, several capital markets throughout the Arabian Gulf are looking at blockchain technology for their logistics and operations. The partnership with ADX, marks a high profile step for the company’s endeavours within the Middle East. It is one of four financial market infrastructures from the MENA region to join the working community.

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FTSE / NASDAQ NEWS 

Crypto Miners ‘Argo’ to be First Blockchain Company Listed on London Stock Exchange

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Crypto mining as a service company (MaaS) Argo, is set to be the first blockchain company listed on London Stock Exchange this week. UK-Canadian company Argo Blockchain have built a data centre that runs off cheap, green hydro-power and will sustain mining at scale. With a team of just 20 people and a prolific angel investor, Gil Penchina involved, the company has stated that it expects to be valued at around £40 million, with the aim of raising £20 million in the listing.

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art market with blockchain andy warhol BCTECH NEWS 

Revolutionising the Multi-Million Pound Art Market with Blockchain and Andy Warhol

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Blockchain startup, Maecenas aims to transform the $65 billion art market, beginning with a multi-million pound Andy Warhol piece, to be sold in a tokenised auction sale taking place in London. Ownership of a work of art will be placed onto the blockchain, utilising it’s immutable ledger technology to create tamper proof certificates, that can be bought and sold in fractions, or shares. Notoriously, an industry reserved for the super rich, Marcelo Garcia Casil, Founder of Maecenas said it is aimed at “democratising access to fine art” for all.

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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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BTL and BP blockchain for oil and gas FTSE / NASDAQ NEWS 

BP Completes Major Global Energy Pilot with BTL Blockchain for Oil and Gas

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BTL Group, the world’s first blockchain company to be publicly traded on the Stock Exchange, has successfully completed piloting blockchain for major oil and gas companies such as BP, Total and Gazprom. BTL’s Interbit is a non-tokenised, non-cryptocurrency open protocol platform. It’s built in compliance, enabling regulatory oversight has been a big draw in it’s bid to alleviate the challenges of the $2 trillion energy market.

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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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ben and jerrys blockchain climate change BCTECH NEWS 

Ben & Jerry’s Launches Blockchain Climate Change Initiative with Poseidon

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Ben & Jerry’s launch a blockchain climate change initiative in partnership with Poseidon. The world’s first digital retail platform connecting consumers with their own carbon footprint, will be launched in London. Poseidon have developed a technology that breaks carbon credits down into microtransactions, so each scoop of ice cream is accounted for. Carbon credits is one of the world’s biggest markets, worth €49 billion ($54.7 billion) in Europe alone. Until now, they could only be bought in bulk by large companies.

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ride hailing Blockchain Uber app FTSE / NASDAQ NEWS 

China’s Largest Ride Hailing Founder, Reveals Plans to Build a Blockchain Uber

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Chen Weixing, who helped shape China’s $30 billion ride hailing market, reveals plans to build a blockchain Uber equivalent. In 2014, Weixing fought off competition from Alibaba and in a joint merger, they later acquired Uber’s China operation. Today the company accounts for 90% of trips made in China, a ride hailing market that is already worth more than the rest of the world combined. Weixing has said that his decentralised platform will be developed to empower “labourers” and “consumers” describing it as a “great, Nobel Prize-level social experiment” adding that it would not be controlled by “capitalists”.

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