Giulio Prisco

Oxford Spinoff to Revolutionize Higher Education With Blockchain Technology

A spinoff of Oxford University, Woolf Development, wants to leverage distributed ledger technology (DLT) to disintermediate higher education, Forbes reported.

“We use a blockchain to create efficiencies by managing custodianship of student tuition, enforcing regulatory compliance for accreditation, and automating a number of processes,” said Oxford researcher Joshua Broggi, the founder of Woolf Development, as reported by Forbes. “Our ultimate aim is for this to be a driver of job opportunities and security for academics, as well as a low-cost alternative for students.”

SAP Introduces Cloud Platform Blockchain

At the annual conference SAPPHIRE NOW, SAP announced new products, services and partnerships centered on advanced technologies such as artificial intelligence (AI) and analytics. It also made a significant announcement concerning its work on distributed ledger technology (DLT), releasing the SAP Cloud Platform Blockchain as a new “blockchain-as-a-service” for enterprises. 

“This blockchain-as-a-service (BaaS) provides the easiest, lowest-risk gateway to experimenting with distributed ledger technology in the cloud,” according to the company’s description of the product. “Eliminate the need for a large upfront capital investment and fast-track blockchain implementation across your business.”

High-Throughput Blockchain Developer Zilliqa Showcases Next-Generation Smart Contracts

In November, reported that Zilliqa — a project to develop next-generation distributed ledger technology (DLT) with high throughput, a relatively low energy footprint and a light, non-Turing-complete smart contracts system — was positioning itself as a strong candidate for implementation in legacy enterprises. In fact, Zilliqa’s estimated throughput (number of transactions per second) was much higher than other open DLTs like the Bitcoin or Ethereum blockchains, and it could support high-performance DLT applications in financial markets and global trade. 

“Test results show the [Zilliqa] network hitting 2,400 transactions per second (TX/S) with ambitions to hit Visa level throughputs of 4,000 TX/S,” noted Forbes in December.

Bermuda Continues to Attract DLT Companies With Blockchain-Friendly Regulations

In a press conference on April 27, Bermuda’s Premier and Minister of Finance David Burt announced a memorandum of understanding and partnership with the Binance Group. Burt described Binance as the “world’s largest cryptocurrency exchange and an international leader in digital exchange development and fintech with a market capitalization of $1.3 billion.”

Bermuda, an island in the North Atlantic Ocean and a British Overseas Territory, wants to establish itself as a blockchain hub and to attract Distributed Ledger Technology (DLT) companies to its jurisdiction. Following recent examples in other jurisdictions like Switzerland’s “Crypto Valley,” Malta and San Marino, the island is trying to attract DLT-related capital and talent. 

Akamai and Japanese Bank MUFG Developing New Blockchain-Based Payment Network

Cloud delivery platform Akamai Technologies and global financial group Mitsubishi UFJ Financial Group (MUFG) have announced plans to offer a new blockchain-based online payment network with next-generation scalability and throughput. According to the two companies, the new payment system will support a global network for processing credit cards and other financial transactions.

Built upon Akamai’s intelligent cloud platform, this new blockchain technology is expected to be highly scalable, decrease latency, enhance security and to vastly exceed the capabilities of other payment systems, including others based on blockchain technology.