LG Uplus has joined with global partners in Japan, Taiwan and the United States to offer subscribers a blockchain-based overseas payment service. The trial service, scheduled to start early next year, is based on a cross-carrier blockchain platform called CCPS (cross-carrier payment system), enabling subscribers from one carrier to complete purchase transactions on the payment networks of another carrier. It would mark the first time a Korean mobile carrier has offered such an advanced service to subscribers. Seoul-based LG Uplus signed a memorandum of understanding (MOU) Thursday with Taiwan-based Far…

A portion of the cybersecurity industry seems to be stuck in a cycle. When a new technology comes along, a chorus of vendors jumps into the fray essentially proclaiming: “This technology is different than the others. If you buy it, you’ll be safe.” Some years later, the explanation for that particular technology, whether it is public key infrastructure, firewalls, intrusion prevention and detection, antivirus software or network access control, becomes something like: “Well, the last technology you adopted is helpful, but you need another layer of defense.” Bolt-On Security And…

There are many potential uses for blockchain in IoT, but for widespread adoption as part of IoT deployments, the technology needs to overcome scalability and interoperability issues. Blockchain technology (also called distributed ledger) is commonly associated with Bitcoin, Ethereum and other digital currencies. These digital currencies established the viability of distributed ledger as a means of conducting, verifying and permanently recording transactions without the need for a trusted third party. Beyond digital currencies, blockchain has many other potential applications. Many players are now starting to explore opportunities to apply blockchain…

China Aerospace Science and Industry Corporation has announced it is developing a blockchain invoice system. Right now, China Aerospace’s electronic invoices are end-to-end. They cover issuance, delivery, filing, inspection, and reimbursement. So far it has issued around 2.5 billion invoices, and their levels of issuance are in-line with other major Chinese corporations. The electronic invoicing system that is commonly used in China is subject to over-reporting, false-reporting, and problems with chain-of-custody. China Aerospace created a blockchain invoice system to augment its electronic invoices, so they can better track their invoices…

Following on from their January 2018 commitment to develop a blockchain solution for international cargo transportation, Maersk and IBM have launched TradeLens. The shipping tool has been designed to streamline global trade, secure cargo during transit and support information sharing and transparency across the supply chain. IBM and Maersk have confirmed that 94 separate organisations have either been involved or are set to participate in the TradeLens early adopter program. These parties include major port and terminal operators worldwide; global container carriers such as Pacific International Lines; customs authorities from…