interoperable blockchain financial system nasdaq and microsoft FTSE / NASDAQ NEWS 

Microsoft Partners with Nasdaq to Provide an Interoperable Blockchain Financial System

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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jpmorgan blockchain platform to rival r3 FTSE / NASDAQ NEWS 

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

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

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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r3 chorum venture studio FTSE / NASDAQ NEWS 

RBS Blockchain Team Jumps Ship to Start R3 Chorum Venture Studio Project

Members of Royal Bank of Scotland’s (RBS) blockchain team have announced that they are leaving to launch an R3 Chorum venture studio, a project that aims to do for Corda what ConsenSys is doing for Ethereum. Richard Crook, former head of the RBS innovation team has made the move, taking with him engineers Mark Simpson, Ben Wyeth and Farzad Pezeshkpour. Crook and his team were responsible for developing the Cordite token project on R3‘s Corda platform, which RBS led in a bid to create a generic crypto asset blockchain system for the banking…

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bmw selects blockchain startup bloom FTSE / NASDAQ NEWS 

BMW Selects Blockchain Startup Bloom to Develop Customer Lending Solution

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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ibm launch a blockchain directory with Hacera FTSE / NASDAQ NEWS 

Hacera and IBM Launch a Blockchain Directory Touted as a Distributed ‘Yellow Pages’

Enterprise blockchain firm Hacera, together with founding member IBM launch a blockchain directory with the aim of expediting the growth of blockchain networks, by making it easier for companies to discover and join blockchain projects. Entitled the ‘Unbounded Registry’, Vice president at IBM Blockchain, Jerry Cuomo announced in a blog post on Thursday that the directory is now live.  Likening it to the Yellow Pages, he recalled the history and significance of the directory that: “put businesses on the map and made them known to the world”. The registry is able to interoperate…

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blockchain land registry solutions NEWS REGULATORS 

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

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

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

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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UEFA Super Cup tickets using blockchain technology FTSE / NASDAQ NEWS 

UEFA Successfully Distributes Super Cup Tickets Using Blockchain Technology

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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$24 billion deal for china's electric buses FTSE / NASDAQ NEWS 

Blockchain Company Seven Stars Cloud Wins $24 Billion Deal for China’s Electric Buses

Blockchain focused fintech company, Seven Stars Cloud has won a $24 billion deal for china’s electric buses to be upgraded, in order to meet the governments plan to replace all buses with electric buses by 2021. As stated in a press release published on Monday, Seven Stars Cloud Group (SSC), a publicly traded company on Nasdaq, has signed a three year exclusive contract with China‘s biggest electric bus operator, National Transportation Capacity Co Ltd (NTS). The deal will see SSC manage two funding campaigns to raise $8.75 billion in China, and the other open to…

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blockchain insurance data platform NEWS REGULATORS 

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

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

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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aidtech worlds first blockchain baby BCTECH NEWS 

World’s First Blockchain Baby is Registered for Care with AID:Tech and PharmAccess

Startup blockchain aid organisation AID:Tech makes history by registering the world’s first blockchain baby in Tanzania, in partnership with Dutch organisation PharmAccess, in an effort to improve access to healthcare throughout Africa. Entitled Chain of Trust (CoT), the project has already attracted a flurry of investment from Techstars, Enterprise Ireland, SGI Innovate, and angel investor, Jason Calacanis. Named by the United Nations as a Sustainable Development Goal Pioneer, AID:Tech is now looking to launch their own Transparency as a Service Token (TaaST).

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blockchain car financing platform FTSE / NASDAQ NEWS 

Deutsche Bank, Allianz and Auto1 to Launch Blockchain Car Financing Platform

Europe’s largest car buyer, Auto1 has partnered with Deutsche Bank and Allianz to create a blockchain car financing platform entitled ‘Auto1 Fintech’. As a major supplier to the commercial used vehicle market, Auto1 works with 45,000 dealers across 30 countries, generating a turnover of 1.5 billion euros per year. Collectively owning more than fifty percent, the three German companies aim to streamline the financing and insurance process, from two weeks to a few seconds utilising blockchain technology.

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U.K. Law Commission Researching Law Reform for Use of Blockchain Smart Contracts

Further to the release of a report, the U.K. Law Commission, has begun a formal project researching into law reform for use of blockchain smart contracts in the British legal ecosystem. The agency, set up by Parliament, has dentifyied blockchain technology as a significant area that is seeing uptake, especially in the financial services world. With finance and banking being one of it’s top industries in the UK, and London the world’s largest financial centre. The commission has stated the necessity of reform to remain competitive for enterprise.

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coinbase launches crypto gift cards NEWS REGULATORS 

Coinbase Launches Crypto Gift Cards for Major Retailers in Partnership with WeGift

One of the world’s biggest cryptocurrency exchanges, Coinbase launches crypto gift cards for its European customers, enabling them to purchase goods and services using their crypto assets with over 120 major brands including Amazon, Tesco, M&S, Thomas Cook and Uber. The new feature comes a few months after securing an e-money license from the UK’s financial regulator. Partnering with digital gift card startup WeGift, customers can convert upto $5000 per day of their cryptocurrency stored in their Coinbase wallets into gift cards.

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google blockchain cloud service launches FTSE / NASDAQ NEWS 

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

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

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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saudi arabia selects ibm to develop blockchain NEWS REGULATORS 

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

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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