A New Alliance Established To Securely Track Precious Metal Trades Using Blockchain

A New Alliance Established To Securely Track Precious Metal Trades

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

Accenture, Thales to Debut Blockchain Tool for Aerospace Supply Chains

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

Facebook Hops Onto The Blockchain Train With The Appointment Of A New Engineering Director

Facebook Hops Onto The Blockchain Train With The Appointment Of A New Engineering Director

Things have finally settled for Facebook, with regards to blockchain technology. After much probing, the social media giant finally gave in by hiring a new lead dedicated to its upcoming blockchain division. Evan Cheng, one of Facebook’s senior engineers, has been appointed to the position of “director of engineering, blockchain”, … Read the rest

$150 Billion-Valued Ant Financial Makes a Big Bet on Blockchain Technology

$150 Billion-Valued Ant Financial Makes a Big Bet on Blockchain Technology

Jack Ma-led Chinese e-commerce giant Alibaba’s fintech conglomerate Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry in the long-term. In terms of immutability and decentralization, blockchain technology in its current form is impeccable. It is able to process sensitive data and … Read the rest

Russia: Financial University to Store Diplomas via Blockchain

Russia: Financial University to Store Diplomas via Blockchain

A state university in Russia has announced that it will store diploma records using blockchain technology, the institution announced in an official statement. According to the statement and a tweet from the Financial University under the Government of the Russian Federation, the institution has recorded “all diplomas issued over the … Read the rest