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Alibaba Turns to Blockchain in Fight Against Food Fraud

Alibaba has teamed up with PwC to develop a system to reduce food fraud using blockchain tech. The Alibaba Australia project, which also includes AusPost and nutritional supplement maker Blackmores as partners, is aimed to improve the way foods are tracked, cutting down on the risk of counterfeit products on the market. The so-called ‘Food Trust Framework’ effort will see the partners build ... Read More »

JPMorgan Formally Quits R3

JPMorgan Chase has formally exited blockchain consortium R3, following in the footsteps of fellow titans Goldman Sachs and Banco Santander who split last November. JPMorgan was one of nine original members of R3, which has since seen its ranks swell to more than 70 of the financial services industry’s biggest players. The departure comes as R3 continues to pursue fundraising ... Read More »

IBM Launches Blockchain Supply Chain for Chinese Pharma Retail

IBM is firmly solidifying its proactive lead as a blockchain solutions provider with another launch of a blockchain platform in China, this time in the pharmaceutical retail sector. Developed in partnership between IBM and Chinese supply chain management firm Hejia, the Yijian Blockchain Technology Application System was launched this week with the aim to improve the operational efficiencies of supply ... Read More »

Keep the Date: BIIA 2017 Biennial Conference Bangkok, Thailand October 18 to 20, 2017

BIIA Biennial Conference 2017

BIIA invites its members from the business and credit information industry, users of information services, government policy makers and regulators to attend the BIIA 2017 Biennial Conference, where we intend to discuss disruptive technologies  impacting our industry and the businesses of our customers. Venue: The Okura Prestige Hotel, Bangkok Thailands October 18, 2017: 13:00 hrs:  Registration opens 17:00  hrs: Membership ... Read More »

Alibaba Turns to Blockchain in Fight against Food Fraud

Alibaba has teamed up with PwC to develop a system to reduce food fraud using blockchain technology The Alibaba Australia project, which also includes AusPost and nutritional supplement maker Blackmores as partners, is aimed to improve the way foods are tracked, cutting down on the risk of counterfeit products on the market. The so-called ‘Food Trust Framework’ effort will see the partners build ... Read More »

Foxconn Subsidiary Debuts Blockchain-Powered Supply Chain Platform

FnConn, the financial services arm of Taiwan-based Foxconn, launched the platform alongside Dianrong, a Chinese online lending marketplace. Dubbed Chained Finance, the platform is aimed at providing working capital to smaller businesses involved the manufacturing supply chain. According to the two firms, a previous proof-of-concept involved the issuance of loans worth $6.5m to a group of unnamed companies. Chained Finance has an initial focus on ... Read More »

CoinDesk Research Releases ‘Blockchains for Insurance’ Report

One of the world’s oldest financial products, and the $5tn industry that powers it, may be in for a change thanks to blockchain tech. That’s the conclusion of our latest CoinDesk Research report, “Blockchains for Insurance”. Released officially today, the report focuses on the ‘Bond of Trust’ and the commercial relationships used to deliver insurance products. Our 44-page deep dive into one ... Read More »

Blockchain KYC Solutions: India’s Biggest Stock Exchange is Testing Blockchain KYC

India’s biggest stock exchange and a group of domestic banks recently collaborated on a know-your-customer data trial involving blockchain. The test involved the National Stock Exchange of India (NSE), ICICI Bank, IDFC Bank, Kotak Mahindra Bank, IndusInd Bank and RBL Bank, as well as HDFC Securities, a Mumbai-based brokerage. Blockchain startup Elemential provided the technology for the trial. The test, the first stage of ... Read More »

Abu Dhabi Bank Partners with Ripple for Cross-Border Payments

Abu Dhabi’s largest bank has begun offering a new cross-border transaction service in partnership with distributed ledger startup Ripple. The National Bank of Abu Dhabi (NBAD), the emirate’s biggest bank and one of the largest in the UAE, said today that it has integrated Ripple’s technology into its own systems, allowing for intrabank transfers for NBAD customers.  Vineet Varma, NBAD’s managing director ... Read More »

Dubai’s Government Launches Blockchain Trade Finance Trial With IBM

Dubai’s government is testing blockchain tech for trade finance in partnership with IBM. Dubai Customs, the emirate’s customs office, and Dubai Trade, an electronic trade services hub operated by the government, are helping spearhead the initiative, announced today. Several private companies are involved, including Emirates NBD and Banco Santander, two major banks that have tested the tech in the past. Du, a UAE-based telecom, and ... Read More »