Blockchain is a digital ledger that is decentralized and secure, and the unsaid is that every industry will adopt some form of blockchain in the coming years. A Gartner forecast says “the business value-add of blockchain will grow to slightly more than $176 billion by 2025, and then it will … Read the rest
Accroding to Healthcare organizations may soon follow the footsteps of the financial services and shipping industries in deploying large-scale blockchain projects. Here are 4 top reasons why organizations in the Healthcare are ready for blockchain;
– In recent years, industry and government stakeholders have supported efforts to use blockchain, a … Read the rest
Supply chain blockchain will play a major role in ensuring the authenticity of products. They may help firms digitize ERP processesthat may be partially paper-based and that rely on spreadsheets. And they may eventually replace technologies such as Electronic Data Interchange-based transactions. Businesses are slowly shifiting towards blockchain as the … Read the rest
Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error.
Paxos seeks to unlock capital … Read the rest
Turkey launched its first blockchain university, named the Istanbul Blockchain and Innovation Center (BlockchainIST Center) in an atempt to “close the expertise gap” so that the country can begin utilizing the technology across many industries. The center, located at Bahcesehir University, will facilitate academic studies by students and entrepreneurs, and … Read the rest
Stellar, an open-source platform for distributed payments, is reportedly the first distributed ledger protocol to obtain Sharia compliance certification in the money transfer and asset tokenization field. The Shariyah Review Bureau, a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has examined the capabilities and applications … Read the rest
Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain. Based on Hyperledger Fabric and set for its debut at the UK’s Farmborough Airshow, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to … Read the rest
Singapore e-government service provider CrimsonLogic has unveiled its cross-border blockchain network for global trade. Dubbed the Open Trade Blockchain (OTB), the platform is principally designed to boost the efficiency of trade corridors between China and the Association of Southeast Asian Nations (ASEAN) nations.
According to Eugene Wong, the chairman of … Read the rest
A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create … Read the rest
A blockchain startup named Tron has bought file sharing company BitTorrent for a reported sum of $126 million (about £96 million, AU$170 million). According to a statement BitTorrent’s will continue to operate from Tron’s offices in San Francisco, “pursuing its vision for the world’s largest decentralized ecosystem.” The acquisition will … Read the rest