Blockchain

The objectives of the collaboration are lower cost and higher security in sharing cross-company data Cognizant has teamed up with 14 Indian insurance firms on the development of a blockchain solution for cross-company data sharing. The IT multinational said in a statement on Monday that the platform was designed to allow firms to securely share data with lower risk of ... Read More »

Tinubu Square launches Innovation Lab, focusing on technologies & innovation for insurance and the trade finance industry Tinubu Square, the industry leader in trade credit, surety and trade finance solutions, is proud to announce the launch of its ‘Innovation LAB’, focusing on blockchain, advanced integration and deep analytics for insurance and banking industry applications. The Innovation LAB has been created ... Read More »

Jessica Davis, Senior Editor of Information Week has recently interviewed Salem Khan, D&B’s Global Leader of Data Innovation concerning Dun & Bradstreet’s move into Blockchain and machine learning.  Dun & Bradstreet has been providing information to subscribers and customers for 177 years. Now it is exploring Blockchain and machine learning to improve its offerings. You wouldn’t normally think of a ... Read More »

Proxeus uses their blockchain workflow framework to expedite the Swiss business registry process – taking only 1 hour and 37 minutes from start to finish During the DigitalSwitzerland challenge held this week, Proxeus, along with IBM and other partners, have stepped up to the challenge presented to them by drastically reducing the time needed to register a business in Switzerland, ... Read More »

Participants see big potential in eliminating data exchanges in favor of real-time viewing. A test of blockchain technology conducted by several international corporations and a European customs organization indicates the technology can save global transport and logistics companies hundreds of millions of dollars a year by sharing and distributing relevant shipping data among participants, rather than by the traditional practice ... Read More »

A blockchain-themed conference in Shanghai was recently abruptly suspended by police. The one-day event, dubbed the Global Fintech & Blockchain China Summit 2018 and organized by a business conference organizer called PTP International, was originally scheduled for April 12.  About mid-day the conferences was halted byu police, and all attendees and organizers of the event were removed from the venue. The ... Read More »

A financing platform in India has launched a blockchain-based solution to help prevent fraudulent double financing of invoices.  The solution allows private companies to exchange information about invoices uploaded to their marketplaces, in order to ensure the invoices are not financed multiple times. There are three companies involved: RXIL, ATReDS, and MYND Solutions, each of which is licensed to work ... Read More »

A Chinese government-led research body has rolled out a blockchain-as-a-service (BaaS) platform for identity and supply-chain tracking. Dubbed the Blockchain Registry Open Platform (BROP), the system, developed by China Banknote Blockchain Technology Research Institute, was officially launched at a financial technology summit in Hangzhou on Monday, according to Securities Times.  While China’s internet giants Tencent, Baidu and JD.com have already launched their ... Read More »

Amidst the Scandal that Facebook and Cambridge Analytica supplied private information to Trump campaign, MyCreditChain, a blockchain platform for personal credit information, aims to take the ownership of personal information back to people. MyCreditChain revolutionizes the process in how personal credit information is collected and utilized. In the MyCreditChain network, our interaction with one another could change on a global ... Read More »

Is the U.S. government committed to testing blockchain solutions? While some at last week’s D.C. Blockchain Summit say they suspect the government isn’t sincere, David Treat, a managing director and co-head of Accenture’s Global Blockchain Practice, believes this answer couldn’t be farther from reality. Despite the sometimes heated rhetoric of the nation’s lawmakers on some of its more controversial applications, Treat believes government ... Read More »

14 Thai Banks Back Blockchain Platform to Digitize Contracts Fourteen Thai banks have joined forces to create the Thailand Blockchain Community Initiative, which will digitize letters of guarantee on a shared blockchain platform, Thailand’s central bank announced on Monday.  The country’s top banks – Bangkok Bank, Krung Thai Bank, Siam Commercial Bank and Kasikornbank – will all participate in the ... Read More »

The Royal Bank of Canada (RBC), reportedly the country’s largest bank, filed a patent for a credit score platform using Blockchain technology this past fall, according to the patent application from the US Patent and Trademark Office released March 15. The patent describes a Blockchain-based credit score platform where “credit records are recorded using blocks linked by identification data. The ... Read More »

Where and When?  According to Global Trade Finance HSBC is on the verge of doing live trade finance blockchain transactions with clients, with the bank set to announce a series of pilots in the coming weeks. In a media call this week, senior innovation manager Joshua Kroeker revealed that the bank is “confident enough to actually do a live transaction” ... Read More »

IBM told investors that it currently serves over 63 customers across financial services, supply chains, Internet of Things, risk management, digital rights management and healthcare, who are running 400 projects on its blockchain platform. The customers include 25 global trading companies, 14 food companies and retailers, 14 global payments, and finance companies. Some of them are Maersk, Dupont, Walmart, Nestle, ... Read More »

It turns out, last year’s mantra “make blockchain real” was little more than wishful thinking. Instead of the increased efficiency, enterprises have encountered impractically slow transaction volumes; instead of a transparent world with ultimate accountability, companies holding sensitive customer data faced regulatory concerns.  Still, there’s reason to believe the same rosy-colored forecast just might come true this year. The reason ... Read More »

The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent.  This ground-breaking pilot program is the first of its kind to be launched by a central bank. Participating banks from the KSA will use xCurrent to instantly settle ... Read More »

Two former senior bankers have launched a new blockchain-powered auction platform for the distribution of trade finance assets, the first of its kind based out of Dubai.  Under the name TradeAssets, the online marketplace aims to put an end to banks’ current extremely inefficient process of buying and selling trade finance assets. “Now buyers and sellers are doing it by ... Read More »

Bermuda plans to migrate its property deeds system to the blockchain, its premier stated at the World Economic Forum.  The country was aiming to shift away from its “old school” system of recording deed information. The Royal Gazette quoted Burt as saying:  “Bermuda has an old school deeds-based property system. What we are going to do is transfer our registry to the blockchain. ... Read More »