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The Top Four Open-Source Blockchain Projects in Media

by Christopher Tozzi

Blockchain technology has become best known for its role in the worlds of cryptocurrency and financial transactions.But blockchain-based platforms are wielding a growing influence in the media and advertising markets as well. In this space, open-source projects are leveraging blockchain ...

Blockchain Comes To Corporate Governance With AST Proxy Voting

by Bradley Fink

An intriguing prospect for blockchain technology is the power to ensure transparency in voting, though the mainstream political system is unlikely to embrace this potential in the near future.It’s more likely that this application will have to be established first in traditional finance, as ...

The Intersection of Social Media and the Blockchain

by Linda Rosencrance

Every major social media platform has offered users a way to communicate with others and earn social currency, such as followers, traffic to their content, likes and retweets.Now, a new breed of social media networks has emerged — one that uses blockchain technology to build platforms enabling ...

Move Over Bitcoin, CME Group Will Offer Real Digital Gold

by Bradley Fink

Because of its scarcity, portability, divisibility and current valuation, many people are calling bitcoin the modern “digital gold.” And like gold, bitcoin seems to be establishing itself as a popular store of value.But now CME Group, one of the world’s largest providers of gold futures ...

The Blockchain And Global Health

by Michael Scott

Amid the popularity of worldwide travel, a growing number of people are aligning their trips with healthcare services. The basis of this movement is known as medical tourism.This is a concept in which people travel outside of their home country to obtain medical treatment that is often cheaper ...

How Blockchain Technology Can Transform Royalty Payments

by Jill Richmond

In a sign of the increasing mainstream popularity of distributed ledger technology in the media space, Spotify recently announced its acqui-hire of blockchain technology company Mediachain Labs to help it reward online content owners with royalty payments. Mediachain created an open source, ...

Despite the Success of Blockchain POCs, Deploying Pilots Won’t be Easy (Part One)

by Pete Harris

At a conference in Houston, TX, last month, R3’s Tim Grant presented his version of a “blockchain adoption timeline.” It seemed to reflect a broader industry view that while 2014 was “The Year of Enlightenment” and 2015 “The Year of the Hype,” 2017 will be the year that blockchain projects move ...

DARPA and Advancing Cybersecurity Infrastructure With Blockchain

by Jill Richmond

Cybersecurity infrastructure is taking a leap forward with the support of the Defense Advanced Research Projects Agency (DARPA), the research unit of the U.S. Department of Defense (that helped create the internet, among other things). In September, DARPA paved the way for government use of ...

IBM Report Highlights Blockchain’s Value in Healthcare

by Michael Scott

As blockchain technology is adopted more widely within healthcare, a recent survey sought to gauge the intersection between the industry and disruptive innovation.In a report titled “Healthcare Rallies for Blockchain: Keeping Patients At The Center,” the IBM Institute for Business Value and The ...

China’s Blockchain Invasion

by Bradley Fink

Word in China is out about blockchain technology, as the government made clear in an Informatization Strategy published in December of 2016. The strategy states, “The internet, cloud computing, large data, artificial intelligence, machine learning, blockchain … will drive the evolution of ...

Analysis: Spoilt for Choice, Enterprise Distributed Ledgers (Part One)

by Pete Harris

This year is set to be a big one for companies looking to implement their first live pilots of applications built on blockchain and distributed ledger technology. Drawing on the experience of in-house lab experiments and proof-of-concept (PoC) tests, these early adopters will be looking to ...

Lowering the Cost of Trust in Media and Advertising

by Stacy Huggins

Advertising is big business and as activity increasingly moves online, including the delivery of content and television, so too do the marketing dollars. While 2015 saw an estimated $170.5 billion spent on online advertising globally, this figure is projected to increase almost 50 percent by ...

Analysis: Spoilt For Choice, Enterprise Distributed Ledgers (Part Two)

by Pete Harris

As was noted in part one of this analysis, 2017 will see companies looking to implement their first live pilots of applications built on blockchain and distributed ledger technology.A big difference between a proof-of-concept and a pilot is that in the latter deployment scenario, the blockchain ...

Asset Manager Fidelity to Join Blockchain Group IC3

by Alex Lielacher

U.S. asset management giant Fidelity Investments Inc. is the first financial institution to join The Initiative for CryptoCurrencies & Contracts (IC3), a blockchain technology development group composed of leading academic institutions and tech companies.The IC3 group is based at the Jacobs ...

EU Data Protection Regulation

by Jill Richmond

New EU legislation will mean tougher, more complex laws and more severe penalties. Blockchain, smart contracts and cryptographic keys could be crucial in abiding by these new privacy rules.Four years in the making, the European Union’s General Data Protection Regulation (GDPR) obtained its final ...

How Blockchain Is Transforming the Creative Industry

by Jill Richmond

As a public database, the blockchain can store information about individual pieces of content, including who created it, while sharing it within a network. As such, it has the potential to totally transform the creative industry and rights management for intellectual property (IP) and artistic ...

Advancing Cybersecurity with Blockchain Technology

by Jill Richmond

The blockchain’s alternative approach to storing and sharing information provides a way out of the security messes that can occur with single points of centralized failure, such as the complete shutdown of entire networks and the potential for data tampering, theft or spoofed ...

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 ...

How Tokenization Is Putting Real-World Assets on Blockchains

by Addison Cameron-Huff

Tokenization is the process of converting rights to an asset into a digital token on a blockchain. There is great interest by financial intermediaries and technologists around the world in figuring out how to move real-world assets onto blockchains to gain the advantages of Bitcoin while keeping ...

Free Markets and Consumer Healthcare: Hashing Out a Solution

by Michael Scott

It’s a well-known fact that U.S. health systems function in a very disjointed way. Consumers get little or no information enabling them to make informed decisions about their care. Moreover, they are often enmeshed in health delivery networks that give them no self-directed choice. Cost and ...

Reshaping U.K.’s National Health Service With the Blockchain

by Michael Scott

The National Health Service (NHS) is a British legacy institution tasked with caring for 65 million people. Despite existing as a model for universal healthcare, the system is rife with challenges: a bloated bureaucracy, outdated systems, clinical failure, internal political squabbles and ...

Building A New VA Healthcare System, Block by Block

by Michael Scott

There continues to be a flurry of media attention about persistent problems facing the V.A. health system. As the largest integrated health system in the U.S., the system serves 8.76 million veterans annually at over 1,700 care sites. It is also the nation’s largest provider of graduate medical ...

Are Patient Payment and Records Solutions Just Around the Block?

by Michael Scott

In the U.S., the complex nature of health payment and records systems has been well documented. This is widely viewed as a key bottleneck in a healthcare industry saddled with soaring costs, spotty care and barriers to patient access.For a broader perspective on what can be done to address these ...

Walled Gardens and Bad Neighbors: MadHive’s Blockchain-Based Ad Tech Solution

by Michael Scott

The sea of first-party data aggregated every second of the day by advertising publishers brings with it a wave of targeting specificity that could only be dreamed about years ago. Programmatic advertising, where online ads are sold through digital exchanges, will undoubtedly be the preeminent ...

Coin Center and the Future of Digital Currency

by Neeraj Agrawal

Open, permissionless, distributed blockchain systems such as the digital currency platforms Bitcoin and Ethereum are paradigm-shifting technologies that often raise more questions than they answer. This is especially true in cases where use of the technology intersects with the law, which by its ...

Intel's Dan Middleton on Explains the Vision for Hyperledger’s Sawtooth Lake Distributed Ledger

by Peter Chawaga

Dan Middleton is the head of technology for Intel’s blockchain and distributed ledger program, a position that gives him firsthand knowledge of how the technology can change the business world on nearly every level.“Intel believes strongly in the advancement of open source projects,” he said. ...

Analysis: Ethereum Heads to The Enterprise

by Pete Harris

With this week’s launch of the Enterprise Ethereum Alliance (EEA), companies looking to implement blockchain technology for production business applications got another open-source option to explore, as an alternative to the Fabric and Corda platforms in development under the stewardship of the ...

Op-ed: The Venture Capital Perspective on Blockchain Technology

by Bart Stephens

Technologies that change the world often have humble and obscure beginnings. When the Defense Advanced Research Projects Agency of the U.S. Department of Defense created Darpanet, the goal of the project was to create a decentralized and redundant communication network that would allow for ...

Digital Asset's Blythe Masters Discusses Hyperledger and Blockchain Collaboration

by Peter Chawaga

Blythe Masters solidified her Wall Street reputation as a top-level executive at J.P.Morgan, which she left in 2014 after a career spanning 27 years. Since then, she has bridged the gap from financial institutions to fintech startups by becoming CEO of Digital Asset, a leader in the use of ...

The Fourth Industrial Revolution: Blockchain Tech and the Integration of Trust

by DJ Qian

In the very beginning, blockchain technology was thought to be the next generation of fintech infrastructure. The characteristics, including its inherent distributed nature, trustless consensus mechanisms and reliability, as well as the fact that it makes data publicly available, have made ...

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 ...

Blockchain Beyond the Hype

by Greg Adamson

Brace yourself for the hype cycle around blockchain. Instead of indulging in the hype, I suggest we focus on the technology’s characteristics and how it might be applied to specific use cases. Meanwhile, broad-ranging discussion of governance issues and standards development must proceed apace.I ...

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 ...

What is Hyperledger? Executive Director Brian Behlendorf Explains the Linux Foundation's Blockchain Initiative

by Peter Chawaga

As the executive director of Hyperledger, a distributed ledger initiative from The Linux Foundation, Brian Behlendorf leads a blockchain collaboration between leaders in finance, banking, supply chain, manufacturing and technology. Its membership includes IBM, JPMorgan Chase and American ...

Energizing the Blockchain — A Canadian Perspective

by Iliana Oris Valiente and Sam Pajot-Phipps

Canada’s energy sector is facing a challenging economic environment. As in past commodity price cycles, innovation holds the promise of renewal.Sharply lower energy commodity prices have dramatically compressed levels of upstream activity, employment and capital investment. Fundamental changes ...

Analysis: DTCC Adopts Cautious Deployment Model for Ambitious Distributed Ledger Credit Derivatives Pilot

by Pete Harris

The recent news that the Depository Trust & Clearing Corporation (DTCC) is planning to rebuild a key element of its trade processing infrastructure using distributed ledger technology supports the notion that proof-of-concept (PoC) projects are now transforming into real-life pilots. It also ...

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 ...

The New Age of Blockchain Entrepreneurship

by Jeremy Gardner

As the new year approaches, many aspiring entrepreneurs may consider taking a leap into the world of Bitcoin, blockchains and distributed ledger technologies. Allow this to serve as a note of caution and advice. Most important: This technology is growing up. (Not-so)-crazy ideas have become ...

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 ...

The Rise of the Enterprise Blockchain - How 2016 Signaled a Shift

by Emily Vaughn

The Blockchain Market of 2016 In late 2015, the market for blockchain technology began to shift with regard to financial applications. Much of the discussion still revolved around digital assets and exchange markets, but the industry’s incumbent financial institutions began to realize that ...

Industry Updates: Ups and Downs for R3, A Blockchain Ecosystem for IBM, Hyperledger’s Century, Quorum Quietly Opens Up

by Pete Harris

R3 CEV – the fintech company that leads the R3 financial services distributed ledger consortium – has been in the news a lot in recent weeks, though not always with the most positive spin. The negative news broke last month that a number of the banks that joined as early members of the ...

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 ...

Blockchain Technology's Potential to Enable Real, Sustainable Sharing Economy Apps

by Giulio Prisco

Uber and Airbnb, the hugely popular marketplaces for taxi-like car rides and hotel-like short-term rentals, are usually considered to be successful case stories for the emerging “sharing economy.” Another buzz phrase, “people as a services,” describes the business models of these two companies, ...

PwC Launches Vulcan, a Compliance-Oriented Blockchain for Banks and Governments

by Giulio Prisco

This week, PricewaterhouseCoopers (PwC) launched Vulcan Digital Asset Services, a new blockchain-based platform designed for all sorts of digital transactions. The platform has an emphasis on identity verification and compliance services that, PwC hopes, should make it attractive to banks and ...

How Blockchain Technology Could Impact Government's Relationship with Citizens

by Connor Patterson

Our democratic systems of today were designed hundreds of years ago, in a time when letters were drafted in quill and ink, and then sent hundreds of miles over horseback to be shared between individuals. Governing institutions required closed-door offices in order to handle and organize the ...

R3 to Open Source Corda; Patent Application Still Being Pursued for “Genuinely New” Distributed Ledger Approach

by Pete Harris

R3 CEV, a leading financial services consortium, has announced its intention to open source its Corda distributed ledger technology via the Hyperledger Project—in which it is a major member—despite its plans to patent Corda.According to a spokesperson for R3, the patent application and open ...

Visa Partners with Chain to Process B2B Transactions Globally Using Blockchain Technology

by Giulio Prisco

On October 21, 2016, Visa announced a new partnership with blockchain enterprise company Chain that will develop “a simple, fast and secure way to process B2B payments globally.” Dubbed Visa B2B Connect, the system will offer participating pilot financial institutions a consistent process for ...

Symbiont Unveils Enterprise-Ready Distributed Ledger, Releases ‘Assembly’ Code on Github

by Giulio Prisco

Symbiont announced the release of a software development kit for Assembly, the permissioned distributed ledger component of Symbiont's Smart Securities Platform—a bespoke blockchain independent of Bitcoin and Ethereum. According to the company, Assembly is a distributed ledger designed for use ...

The Hyperledger Project Continues to Grow Rapidly; Executive Director Brian Behlendorf Elaborates on Strategy and Goals

by Giulio Prisco

The Hyperledger Project, a collaborative cross-industry effort to advance blockchain technology led by The Linux Foundation, continues to announce new organizations joining the project to help create an open standard for distributed ledgers for a new generation of transactional applications. The ...