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Filling in the Missing Piece of Smart Contracts

by Reuben Jackson

Smart contracts, self-executing legal agreements that are powered by blockchain technology, have begun to prove their worth through various use cases. However, mainstream use of smart contracts still seems a way off, despite their evident potential. This is because businesses continue to face ...

Consensus Protocols and Overcoming Blockchain Scalability Issues

by Sadie Williamson

It seems that as the speculative bubble around blockchain projects is nearing its end, public focus is shifting away from speculative investments in crypto projects to interest in the underlying technology. Blockchain technology is very much about the trustless exchange of value in day-to-day ...

Patrick Byrne Addresses Future of Blockchains at Distributed 2018

by Landon Manning

At the recent Distributed 2018 conference in San Francisco, several prominent speakers in the blockchain industry assembled to publicly converse and speculate about the possibilities of distributed ledger technology in the future. Headlining this event was Patrick Byrne, the CEO of Overstock and ...

Sheila Warren and Amanda Gutterman Discuss the Promise of Blockchain Technology at Distributed 2018

by Landon Manning

The recent flagship conference, Distributed 2018 hosted in San Francisco, featured a series of fireside chats between various specialists in the blockchain industry. One such discussion, hosted by Amanda Gutterman, chief marketing officer of ConsenSys, featured a conversation with Sheila Warren ...

IBM and Financial Services Partners Launch Enterprise Blockchain App Store

by Christopher Tozzi

If you’re a bank looking to take advantage of distributed ledger technology, there’s an app for that — or there may soon be, at least, thanks to LedgerConnect, a new platform from IBM and financial services partners that some folks are calling a blockchain “app store.” To be clear, IBM and its ...

Wanxiang Blockchain Labs Prepares for Shanghai International Blockchain Week 2018

by Landon Manning

In September, Wanxiang Blockchain Labs, a leading Chinese research firm, will launch the fourth incarnation of its International Blockchain Week event. Since its inception in 2015, this Shanghai-based gathering has become an annual staple of the East Asian blockchain space, promising a variety ...

Blockchain Technology Is Now Entering the Dispute Resolution Arena

by Sadie Williamson

In any area where money is involved, disputes are also going to be found. As a result of this, dispute resolution services are flourishing with big businesses across the globe catering to the needs of the warring parties. However, the resolution process is time-consuming and costly. Invaluable ...

Corda Blockchain Platform Hosts App Test With International Scale

by Landon Manning

Recently, R3, an enterprise blockchain firm, launched a test of an app on its Corda blockchain network meant to show off the potential for blockchains to securely run programs on a massive scale.Involving 39 separate banks, with branches in 19 different countries worldwide, this test ...

Digital Asset Helps Drive Google Cloud’s Belated Blockchain Foray

by Christopher Tozzi

Understanding the value of blockchain-based software is easy. But creating software that interacts with the blockchain is typically pretty hard because, in contrast to the world of traditional programming, the blockchain developer ecosystem offers few ready-made tools to help programmers write ...

Blockchains and Enterprise: The Hybrid Approach to Adoption

by Ian Foley

Technology change is often confounding, and with the arrival of blockchain technology has come a whole new approach to building and managing enterprise systems. However, like the waves of change that have come in the past (for example, mobile technology and AI), the reality will likely not be ...

IBM Partners With Saudi Capital for Blockchain-Based Government Applications

by Christopher Tozzi

Riyadh, the capital of Saudi Arabia, is set to become the next major proving ground for IBM’s efforts to deliver government functions built on blockchain technology. This month, the city’s municipal government announced a partnership with IBM designed to improve the municipality’s services. The ...

Why Incumbent Companies Should ‘Pre-Decentralize’

by Erik Kuebler

Legacy companies threatened by decentralized protocols have the potential to secure their business units and services by “pre-decentralizing,” creating a research and development (R&D) spinout of a decentralized, blockchain-based version of their product. In the future, should decentralized ...

How Blockchains Could Make Governments More Efficient

by John Wasik

For many, the idea of “government efficiency” is an oxymoron. There are multiple layers of bureaucracy and entire political movements that have emerged around this concept, to seemingly no avail. But what if governments could be run more efficiently through open access to records and better ...

How Distributed Ledgers Can Illuminate the Metals Supply Chain

by John Wasik

In the metals and mining industry, often you want to know where your product is coming from. End users want to know if the source material is “conflict free,” that is, it’s not coming from a war zone or being mined illegally. And the immutability and decentralized nature of blockchains mean that ...

Walmart Explores Blockchain-Based Delivery System in New Patent

by Christopher Tozzi

Is blockchain technology the answer to fighting porch pirates and ensuring safe delivery of items from online retailers to customers’ homes? Walmart seems to be at least exploring the possibility, according to a patent application that the company recently filed.The application, dated July 5, ...

Blockchain Technology Gains New Applications in Russia

by Landon Manning

As is the case in many nations around the world, the blockchain space in Russia has seen its fair share of turbulence over its brief history, spurred by the mercurial actions of a skeptical business community and a restrictive federal government. However, initial trepidation about the potential ...

Addressing the Looming Retirement Crisis With Blockchain Technology

by Sadie Williamson

A critical reality for those approaching advanced age is that, on average, they don’t have enough money saved to comfortably retire. Pensions are supposedly the de facto way for workers to save up for their retirement, yet the global pensions crisis is a ticking time bomb and very little is ...

Microsoft Taiwan’s Enterprise Blockchain Play

by Christopher Tozzi

Is Taiwan the next epicenter for the enterprise adoption of blockchain technology? That seems to be the hope behind the recent announcement of a partnership between Microsoft’s Taiwan division, China Binary Sale Technology and High Cloud, which aims to provide new blockchain solutions for a ...

Ardor Hopes to Solve the Scalability Issues in the Way of Blockchains’ Mass Adoption

by Reuben Jackson

Hardly a day goes by without a new announcement of large corporations testing out blockchain solutions in some capacity. Big companies are getting in the game en masse, and the wave of adoption is growing. But almost as often, questions arise regarding the technology’s true ability to grow along ...

How Blockchains Can Make Vehicle Data Visible for All Owners

by John Wasik

Driving is such an American ideal that few can imagine a world without wheels. But paying for insurance and tracking titles has often been complicated. A nonprofit group based in Berkeley, California, is leading the charge to bring blockchains into the way we pay for transportation and simplify ...

Mastercard Is Looking to Stem Theft Through Blockchain Technology

by John Wasik

Thieves who “skim” credit card numbers are stealing some $2 billion globally every year. They simply pick up the magnetic images from these cards and they’re off to commit crimes with the stolen data. Mastercard and other credit card companies are working on solutions that employ blockchains to ...

Bank of England Embraces Distributed Ledger Solutions

by Christopher Tozzi

The application of blockchain technology in the financial industry received a boost recently from the Bank of England, which announced plans to make its payment settlement system compatible with payments based on distributed ledgers. The announcement came during a speech late last month by Mark ...

“Tomorrow’s Capital” Looks at the Broad Possibilities of Blockchain Technology

by Landon Manning

In the newly released fourth episode of “Tomorrow’s Capital,” Nasdaq’s podcast on the economic future, influential business executive Don Tapscott takes inventory of blockchain technology’s fundamentals and applications across a wide range of industries. Speaking with Nasdaq reporter Jill ...

Leveraging Blockchains to Track the Marijuana Supply Chain

by John Wasik

With some U.S. states and Canada now legalizing marijuana for recreational use, the need for a reliable way of monitoring the pot supply chain is greater than ever. Can blockchain technology do that effectively? There’s some evidence that distributed databases may be able to track where ...

IBM and Mediaocean Launch New Blockchain Platform for Digital Advertising

by Christopher Tozzi

Competition among blockchain-based advertising solutions has grown even more intense with the announcement from IBM and Mediaocean that they are forming a new blockchain consortium for digital advertising and media. The two companies announced the consortium at Cannes Lions, a technology and ...

Michigan Moves to Make Blockchain Alterations Illegal

by John Wasik

What’s entered into a blockchain should be etched in stone. If you try to alter what’s recorded there, that can be thought of as criminal vandalism. So goes the thinking behind new legislation in the State of Michigan that would make it a crime to change information within a blockchain. Proposed ...

Sharding and the Future of Blockchains

by Christopher Tozzi

Blockchain sharding could potentially solve the greatest long-term threat to the viability of blockchain technology: scalability. But sharding is still a controversial topic. Why are some people so opposed to sharding, and how close are blockchains like Ethereum to implementing it? What Is ...

As Blockchain Technology Grows, Which Companies Remain “Disruption-Proof”?

by John Wasik

Established companies that conduct millions of transactions have a lot to worry about in the future of blockchain technology. Decentralized information platforms are poised to disrupt these businesses. While that’s a plus for blockchain developers, it could hurt these organizations’ revenues. ...

Oxford Spinoff to Revolutionize Higher Education With Blockchain Technology

by Giulio Prisco

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 ...

Swiss City Announces Test of Blockchain-Based Electoral Counting

by Landon Manning

The Swiss town of Zug has announced a plan to measure the efficacy of blockchain-based vote counting systems at the municipal level. However, the votes themselves will be nonbinding and also completely trivial and unrelated to the actual elected positions or referendums affecting the city. ...

Hewlett Packard Enters Blockchain-Based Cloud Services: What Does It Mean?

by Christopher Tozzi

Hewlett Packard Enterprise (HPE) and Global Blockchain Technologies Corporation think that blockchain technology could disrupt the $300 billion cloud computing market. But how innovative is the blockchain-based cloud computing solution they now propose? And how much potential does it actually ...

World’s First Blockchain Documentary Series Premieres

by The Distributed Ledger

The world’s first serialized documentary on blockchain technology, “Next: Blockchain,” has launched with its first episode on multiple streaming platforms, including Amazon Prime. It is one of the only video productions to take a deep dive into the world of blockchain technology and those behind ...

Ripple’s $50 Million Fund Brings Blockchain Studies to Higher Education

by John Wasik

Sometimes, you know a new technology has truly “arrived” once it becomes the subject of research in major business and engineering schools. To that end, Ripple, which uses a blockchain platform to provide currency transfers, is giving several major business schools grants to study blockchain ...

Blockchain Technology Is Giving Digital Marketing a Makeover

by Sadie Williamson

In digital marketing, recommendations from experts is one of the strategies with the highest conversion rates. Customers are more likely to buy a product when it is recommended by someone they deem to have expert knowledge about the product. A recommendation from an expert is known as “affiliate ...

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 ...

Chinese Government Changes Tune on Blockchain Technology, Advocates Centralized Model

by Landon Manning

The Chinese government has had a mercurial history with cryptocurrency and blockchain technology since its very inception, with crackdowns on miners and on the use of cryptocurrencies growing in intensity over the last several years. Nonetheless, it appears that China is now showing support for ...

Distributed 2018 Will Unite the World Around Blockchain Solutions

by The Distributed Ledger

BTC Inc, along with partners ConsenSys, HashKey Digital Asset Group Limited (HKDAG) and Wanxiang Blockchain Labs, has announced its upcoming Distributed 2018 conference, the new global meeting point for decentralizing disruptors and enterprise executives taking place in San Francisco from July ...

How Blockchain Technology Is Changing Air Travel

by Christopher Tozzi

Complaining about the airline industry has become something of an international pastime. From shrinking legroom to strict refund policies to bans on pets, the commercial aviation industry has given consumers a lot to resent in recent years. But there may be some hope, thanks to blockchain ...

Can Chicago Become the World Center for Blockchain Development?

by John Wasik

When you talk about blockchain communities in the U.S., a few places come to mind: Silicon Valley, New York, Boston, Austin. But what about Chicago? While some groups, like the Chicago Blockchain Center and the Chicago Blockchain Project (CBP), have been making considerable strides in the city, ...

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 ...

The Petro: Using Blockchain Technology to Promote Trade and Finance National Debt

by Landon Manning

In December 2017, the government of Venezuela announced the development of a state-run cryptocurrency, the petro. While the project does not embrace some tenants of blockchain-based cryptocurrencies, such as true decentralization and transparency, it has proven to be a captivating use case for ...

Blockchain-Based Solutions for Scientific Research

by Christopher Tozzi

Science has come a long way since the days when heliocentrism was controversial and most people believed in spontaneous generation. Yet when it comes to sharing and verifying scientific work, the systems that researchers still rely upon today date back to an era of premodern science. This is a ...

Opening Doors For Enterprise Blockchain Technology Through Day-to-Day Cryptocurrency Spending

by Sadie Williamson

After a tough battle with regulators in the first four months of 2018, blockchain technology is finally gaining acceptance among mainstream institutions. Recently, the tech giant IBM announced that it is planning to hire nearly 2,000 people to work in its new branch in France, and the majority ...

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 ...

Will Crypto Scams Hurt Blockchain Development?

by John Wasik

As interest in blockchain development and cryptocurrencies soars, frauds in the space are on the rise as well. In recent months, state securities regulators have conducted several sweeps of online firms promoting cryptocurrency investments. Many of the firms, which have either shut down ...

Blockchain Technology, Estate Planning and Resting Place Management

by Christopher Tozzi

Most talk about blockchain technology focuses on how distributed ledgers can solve problems in our lifetimes. But does blockchain technology also have a role to play when our lives are over? Wills and Estate Settlement Death and dying are grim topics, and you probably don’t think much about the ...

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 ...

Can Blockchain Solutions Disrupt the Health Insurance Market?

by Michael Scott

Two words best describe the current state of our U.S. health insurance system: a mess. As spiraling costs for the delivery of care continue to garner attention, many believe that insurance companies, not consumers, control the landscape. At a gargantuan 17.1 percent of GDP, the U.S. spends more ...

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 ...