State Farm Is Testing a Blockchain-Based Subrogation Manager

State Farm announced on December 10 that it is experimenting with a blockchain-based solution for managing the subrogation process in the insurance industry, making the company the latest major enterprise to explore blockchain technology.

BlockFi, a Cryptocurrency Lending Firm With Credit Card Plans, Receives Funding From Fidelity and Mike Novogratz

Financial services behemoth Fidelity Investments and perennial crypto booster Mike Novogratz have provided funding for BlockFi, a cryptocurrency lending startup.

Facebook Lists Several Blockchain-Related Job Openings

Distributed Summary:

  • The social media giant is looking to expand its efforts in blockchain technology, listing a series of job openings on its corporate website
  • Facebook is looking for a blockchain software engineer, blockchain data scientist, blockchain marketing lead and more
  • The listings follow two executive appointments to explore blockchain technology, dating back to May

3 New Developments From R3's Corda

Distributed Summary:

  • R3’s Corda distributed ledger will make its apps available on communications services company IPC’s cloud
  • Announced Corda Settler, recording XRP transactions
  • Managed a commercial paper transaction with four major banks

Hyperledger Debuts Ursa Cryptography Library

Hyperledger has announced Ursa, which aims to make it easier to build cryptographic functions for use within blockchain verification protocols, a company spokesperson told Distributed.com.