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SAP Introduces Cloud Platform Blockchain

by Giulio Prisco

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 ...

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

by Giulio Prisco

In November, Distributed.com 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 ...

Bermuda Continues to Attract DLT Companies With Blockchain-Friendly Regulations

by Giulio Prisco

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 ...

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

by Giulio Prisco

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 ...

Commerzbank Integrates SAP and R3’s Corda for Blockchain-Based Financial Services

by Giulio Prisco

Commerzbank has announced the successful completion of an end-to-end integration of SAP’s S/4HANA business suite and R3’s Corda blockchain platform. The integration between SAP and R3’s Corda is targeted toward corporate customers of the trade and supply chain financial services provided by ...

International Communications Companies Deploy Blockchain-Based Security Solution for Mobile Users

by Giulio Prisco

This month, mobile security solution provider Rivetz and Spanish carrier Telefónica announced an agreement to collaborate on the development of advanced mobile security protocols for blockchain-based transactions and messaging. The two companies plan to leverage dual encryption, supporting both ...

Major Car Makers and Tech Firms Launch MOBI, Blockchain Consortium for Driving Data

by Giulio Prisco

MOBI, the recently launched Mobility Open Blockchain Initiative, will explore and develop applications of distributed ledger technology (DLT) for a new digital mobility ecosystem that could make transportation safer, more affordable and more widely accessible. MOBI, backed by major car makers ...

Dentacoin Is Creating a Global Blockchain Community for Dental Care

by Giulio Prisco

Dentacoin, a foundation based in the Netherlands, is developing distributed ledger technology (DLT) solutions for the dental industry, with the goal of forming a global community of service providers and patients that work together to improve the quality of dental care and make it more ...

BBVA, Indra Test the First Corporate Loan Using a Blockchain

by Giulio Prisco

Spanish bank BBVA has become the first global bank to issue a loan using distributed ledger technology (DLT), Financial Times reported recently. Founded in 1857, BBVA is one of Spain’s leading banks and a major global financial services group. BBVA is also the biggest financial institution in ...

IntellectEU Launches Catalyst Platform to Integrate Distributed Ledgers With Financial Services

by Giulio Prisco

The blockchain-oriented fintech integrator IntellectEU is launching its Catalyst platform to connect business applications, financial market infrastructures and blockchain networks. According to IntellectEU, Catalyst is the first such platform to integrate with multiple blockchain networks. ...

IBM, Five International Banks Pilot Blockchain-Based Platform for Trade Finance

by Giulio Prisco

Batavia, a global trade finance platform based on distributed ledger technology (DLT), which has been jointly developed by a consortium consisting of IBM, Bank of Montreal, CaixaBank, Commerzbank, Erste Group and UBS, “has successfully completed its first live pilot transactions with corporate ...

U.K. Institutions Promote Nuggets Blockchain Project for E-Commerce

by Giulio Prisco

Nuggets, a distributed ledger technology (DLT) startup focused on payment and identity systems, has been endorsed by the United Kingdom’s Department for International Trade, the Mayor of London and the City of London and invited on two major trade visits to China. “As a blockchain start-up, ...

Fujitsu Planning Comprehensive, Blockchain-Based Security Solutions

by Giulio Prisco

Fujitsu Global, the Japanese informational technology equipment and services giant, announced that it is developing verification and risk assessment technology for Ethereum-based smart contracts. Using “symbolic execution technology,” Fujitsu researchers have demonstrated the ability to identify ...

Wireless Carriers Developing Blockchain-Based Identity Management Systems

by Giulio Prisco

There are many authenticated identity systems in use, ranging from official identification systems managed by a government — things like passports and national ID documents — to the informal online identity systems of Google, Microsoft, Facebook and Twitter, which are increasingly used to log in ...

Sierra Leone Pilots Blockchain-Based Voting for Political Elections

by Giulio Prisco

Although the use of blockchain technology in Sierra Leone’s presidential election earlier this month was initially overblown, the vote did utilize distributed ledger technology in a pilot test for use in a national government vote. According to a statement from the Swiss-based blockchain ...

Swedish Mapping Authority Pioneering Blockchain-Based Real Estate Sales

by Giulio Prisco

The Swedish government agency Lantmäteriet — the national mapping, cadastral and land registration authority — “is likely to become one of the first government agencies to test using blockchain technology for conducting property sales,” The Wall Street Journal reported. The agency has partnered ...

Global Partners Create Healthcare, Cryptographic Mining Project

by Giulio Prisco

Longenesis — a Hong Kong-based operator that targets healthcare applications powered by deep learning, a branch of artificial intelligence (AI) and blockchain technology — announced a partnership with Estonia-based Neuromation to convert cryptographic mining infrastructure into a massive cloud ...

Betting on Blockchain-Enabled Global Mutual Funds Trading

by Giulio Prisco

New research from the global fund transaction network operator Calastone forecasts that more than $2.6 billion worth of potential cost savings for the global mutual funds market could be achieved by moving to a blockchain-enabled distributed market infrastructure. The Calastone press release ...

Industrial Revolution 4.0: Creating Jobs With Decentralized Manufacturing

by Giulio Prisco

Silicon Valley–based SyncFab is on a mission to foster smart reshoring: bringing manufacturing jobs back to the U.S. through decentralized, digitally inspired “smart” manufacturing empowered with blockchain technology. The vision of SyncFab is that of a domestic network of high-tech ...

Distributed Ledgers Can Streamline Clinical Trials

by Giulio Prisco

In “Re-Engineering Clinical Trials: Best Practices for Streamlining the Development Process,” a 2014 book edited by Peter Schueler and Brendan Buckley, experts describe how the pharmaceutical industry is currently operating under a business model that is not sustainable for the future. As a ...

What Does NASA’s Blockchain Research Mean for Businesses on Earth?

by Giulio Prisco

With distributed ledgers emerging as technological solutions across a wide range of sectors, it’s no surprise that NASA is now considering the applications of blockchain technology.A NASA presentation titled “Bitcoin, Blockchains and Efficient Distributed Spacecraft Mission Control,” noted that ...

IBM and Maersk Join Forces to Develop a Blockchain Solution for Global Shipping

by Giulio Prisco

IBM and the integrated transport and logistics company Maersk, a global leader in container shipping, intend to establish a joint venture to provide efficient and secure solutions for conducting global trade using distributed ledger technology (DLT). The two companies plan to develop a global ...

Kodak Pivots Toward Blockchain Technology

by Giulio Prisco

On January 9, 2018, Kodak and WENN Digital, in a licensing partnership, announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency that will empower photographers and agencies to take greater control in image rights management. The ...

Estonia Launches Green Energy Blockchain Project

by Giulio Prisco

Elering AS, an independent electricity and gas system operator in Estonia, and WePower, a blockchain-based green energy trading platform that aims to drive global green energy adoption and promote sustainable living, announced a joint pilot project to test the large-scale tokenization of energy ...

Creating an Independent Press Economy With a Blockchain

by Giulio Prisco

Distributed Ledger Technology (DLT) is on its way to radically changing established industries, disrupting traditional business models, bringing old leaders down and bringing new leaders up. The publishing industry is one of many that seem ripe for DLT-enabled change, and the new, DLT-oriented ...

Deloitte’s 2018 Outlook Highlights the Growth of Blockchain Technology

by Giulio Prisco

Among the items highlighted in accounting and professional services giant Deloitte’s “Tech Trends 2018” report were new business opportunities and creative ways of solving problems with emerging technologies, including machine learning, the Internet of Things (IoT), digital reality and, of ...

IBM and Walmart Launch Blockchain-Based Food Safety Alliance for China

by Giulio Prisco

One year ago, Bitcoin Magazine reported that Walmart was testing the use of distributed ledger technology (DLT) for supply chain management in the food industry, with the goal of tracking and tracing pork in China and produce in the U.S. — two high-volume product categories within the world’s ...

Six Major Banks Develop Ethereum Solution for New EU Regulations

by Giulio Prisco

Six of the world’s largest banks — Barclays, Credit Suisse, KBC, SIX, Thomson Reuters and UBS — are collaborating to automate Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR) regulatory requirements using Ethereum-based smart contracts. ...

How the Zilliqa Blockchain Could Change Enterprise

by Giulio Prisco

In September, Zilliqa, a project to develop next-generation, high-throughput distributed ledger technology (DLT), announced that a testnet of 2,400 nodes had achieved 1,389 transactions per second, a preliminary result that the project believes it can improve upon. In fact, a following post ...

Mastercard Moves Toward Fast Blockchain Payments

by Giulio Prisco

On October 20, 2017, Mastercard announced that developers would be able to access its blockchain technology platform via its Mastercard blockchain API published on Mastercard Developers. The new service was launched during the Money20/20 Hackathon in Las Vegas after testing and validation had ...

IBM Partners with the CDC to Bring Blockchains to Public Health

by Giulio Prisco

In Watson Health’s panel discussion at the Fast Company Innovation Festival in New York, IBM’s Chief Science Officer Shahram Ebadollahi announced that IBM Watson Health has signed an agreement with the Centers for Disease Control and Prevention (CDC) to explore the benefits of blockchain and ...

Deloitte’s Next Blockchain Steps for Financial Services

by Giulio Prisco

A new Deloitte report titled “Six Control Principles for Financial Services Blockchains” covers six control principles essential for blockchain adoption on a global scale. The report has been produced by the Deloitte EMEA (Europe, Middle East and Africa) Blockchain Lab in Dublin, in association ...

The Distributed Ledger 100: The State of Blockchain Technology Today

by Giulio Prisco

The Distributed Ledger newsletter is almost two years old and this edition marks issue number 100. In issue one, published on November 20, 2015, I offered simple, high-level, introductory answers to the question “What is the blockchain?” Nearly two years later, I’ll highlight some recent news ...

The Future of STEM Research Could Lie on the Blockchain

by Giulio Prisco

In academic and scientific research, current authorship and crediting systems are widely considered insufficient and even nonsensical. “We have the tools and volition to broadly collaborate and share information, but the formation in collaboration is hindered because the credit system does not ...

Goldman Sachs Considering Bitcoin Trading Operation, Bullish on Distributed Ledger Technology

by Giulio Prisco

Last month, JPMorgan Chase CEO Jamie Dimon told an investor conference in New York that Bitcoin “won’t end well,” because “it’s a fraud” and “worse than tulip bulbs,” Bloomberg reported. Dimon said he would fire any employee trading bitcoin for being “stupid.” JPMorgan being one of the world’s ...

R3 and TradeIX Develop Blockchain Solution for Open Account Trade Finance

by Giulio Prisco

R3 and TradeIX are developing an end-to-end open account trade finance business network, with the collaboration of twelve high-profile financial institutions: Bangkok Bank, Barclays, BBVA, Bladex, BNP Paribas, Commerzbank, CTBC Bank, ING, Intesa Sanpaolo, Shinhan Bank, Royal Bank of Scotland and ...

University of Surrey Picks Distributed Ledger Technology To Manage Biometric Data

by Giulio Prisco

For the last several years a major topic in technology has been about how to harness the exponentially greater amount of data we have access to thanks to the internet. One consistently discussed concept linking health, business, and technology is finding a way to capture biometric data and ...

Estonia Partners With Change Bank for Blockchain e-Residency Program

by Giulio Prisco

Change Bank is a global cryptobank offering a wide range of financial services including investment opportunities on a global marketplace, support for cryptocurrencies, insurance and more.Change Bank is headquartered in Singapore, a global financial and innovation hub, and its partner companies ...

Smart Contracts and the Future of Banking

by Giulio Prisco

One of distributed ledger technology’s most promising attributes, the power to enable smart contracts, has applications that reach far and wide. As blockchain technology becomes more widely adopted, many of these applications are coming to fruition.A 2016 Forbes story titled “Smart Contracts May ...

Estonia Planning Blockchain-Based Residency Program

by Giulio Prisco

Distributed focuses on how legacy industries and sectors can, or should, adopt blockchain technology. Government is most certainly a legacy sector, and one that is not often considered as an early adopter of disruptive technologies. Yet, governments all over the planet have expressed interest in ...

Blockchain Technology Could Disrupt and Reboot the Sharing Economy

by Giulio Prisco

“The core of the sharing economy is people renting things from each other,” reads a 2013 reference article published in The Economist. “[Airbnb] is the most prominent example of a huge new ‘sharing economy,’ in which people rent beds, cars, boats and other assets directly from each other, ...

Modernizing Pharma's Supply Chain

by Giulio Prisco

Lipscomb University, based in Nashville, Tennessee, has formed a partnership with Hashed Health, a healthcare innovation company focused on blockchain technology. The partnership, as reported by the Tennessean (USA Today network) in June, will explore potential uses for distributed ledgers in ...

How Does the SEC Regulate ICOs? Lawyers Explain

by Giulio Prisco

As Initial Coin Offerings (ICOs) continue to serve as go-to fundraisers for companies in the blockchain and cryptocurrency spaces, the regulations governing them become increasingly imperative.“The U.S. Securities and Exchange Commission (SEC) issued an investigative report today cautioning ...

Deloitte Promotes Brand Loyalty Rewards Through Blockchain Technology

by Giulio Prisco

Customer loyalty and engagement can make or break companies, warns a report from the Deloitte Center for Financial Services on blockchain-based solutions for customer loyalty. That makes rewards programs a strategic investment for all types of organizations.Deloitte, the second-largest ...

Insurance Giants Generali and RGA Join Blockchain Insurance Industry Initiative B3i

by Giulio Prisco

Two major players in the global insurance industry, Generali Group and Reinsurance Group of America (RGA), have announced that they are joining the Blockchain Insurance Industry Initiative B3i to further explore the potential use of distributed ledger technology for the insurance and health ...

American Express Bets Big on the Blockchain, Joins Hyperledger Project

by Giulio Prisco

The Hyperledger Project, a collaborative cross-industry effort led by The Linux Foundation to create an enterprise-grade, open-source distributed ledger technology, announced that American Express has joined the project as a Premier Member. The global financial services giant joins more than 100 ...

Major Wall Street Clearinghouse DTCC to Develop Operational Blockchain Network for Derivatives

by Giulio Prisco

The Depository Trust & Clearing Corporation (DTCC) announced that it has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology framework for post-trade derivatives processing, including credit default swaps. The final goal of the project is to develop a ...

Vitalik Buterin Reviews Chain Interoperability Schemes in New R3 Research Paper

by Giulio Prisco

In June Bitcoin Magazine reported that R3, the financial innovation consortium that includes many of the world’s leading banks, commissioned Ethereum creator Vitalik Buterin to write a report on Ethereum design, upcoming technical developments and applications in private systems. R3 published ...

Beyond Bitcoin: Circle Pivots to Next-Gen Blockchain-Enabled Social Payments

by Giulio Prisco

The Wall Street Journal posted a story on December 7, 2017 titled “Bitcoin Powerhouse Will Pull the Plug on Bitcoin.” In fact, “bitcoin bank” Circle Internet Financial announced that, among other developments, it will no longer offer customers the ability to buy and sell bitcoins."Using bitcoin ...