IBM Blockchain to Offer Decentralized Smart Contract Option

IBM Blockchain Platform

IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters. The blue-chip IT firm said last week the IBM Blockchain Platform would carry over the changes in Hyperledger Fabric 2.0 – its base layer – claiming it “vastly improves” overall security and usability. As well as improving performance and data privacy, IBM said in a blog post that the upgrade would completely change the platform’s smart contract governance. “IBM Blockchain Platform will…

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Binance is launching a new Ethereum-compatible blockchain

Binance Chain

Crypto exchange Binance is launching a new Ethereum-compatible blockchain, with BNB as a native token. Dubbed “Binance Smart Chain” (BSC), the new blockchain would have smart contracts functionalities like Ethereum. “The first practical and widely-used Smart Contract platform is Ethereum. To take advantage of the relatively mature applications and community, BSC chooses to be compatible with the existing Ethereum mainnet,” Binance said in a whitepaper published on Friday. Binance already operates its native blockchain called Binance Chain (BC), which powers its decentralized exchange Binance DEX. But as it “doesn’t provide…

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Spain’s Bizkaia lets companies and citizens experiment with open source blockchain platform

Bizkaia Hyperledger blockchain platform

The provincial council of Bizkaia, one of the provinces of the Basque Country in Spain, is letting companies and citizens run experiments with its blockchain platform in the hope of spinning off useful public and commercial services. “We consider this part of the public infrastructure, similar to roads or healthcare,” explains Valentin Garcia Souto, head of development and innovation at the IT department of the Diputación Foral de Bizkaia. A first version of the platform, called Blockchain4all, was presented at the end of 2018. “It puts at the disposal of…

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ECB uses open source blockchain solution Corda to test Digital Euro

corda blockchain platform

The European Central Bank (ECB) conducted an analysis of the economic and societal impact of issuing Central Bank Digital Currency (CBCD) or Digital Euro. In the framework of this analysis, the ECB carried out a ‘proof of concept’ related to the anonymisation of digital currency transactions, by using the open source solution Corda, a blockchain platform for business. In a speech given on 16 January 2017, Yves Mersch, member of the ECB executive board, explained that the Digital Euro, also called Digital Base Money (DBM) “is characterised by two features:…

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Standard Chartered joins TradeLens

Standard Chartered

Standard Chartered has become the first financial institution to join the TradeLens blockchain-enabled container logisitics platform developed by IBM and Maersk. Standard Chartered will be the first financial intitution to join an ecosystem consisting of more than 150 members, including 100+ ports and terminals, 20+ ocean carriers and intermodal providers, and 10+ government authorities. Commercially-available since December 2018, TradeLens captures millions of supply chain events and tens of thousands documents per week, having processed information on over 15 million containers worldwide since its launch. The platform enables participants to digitally…

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MoneyGram Got Another $11M From Ripple to Use Its Cross-Border Payments Tech

MoneyGram

Payments firm Ripple has given MoneyGram, a remittance firm, over $11 million in the past half year, according to regulatory filings with the Securities and Exchange Commission (SEC). The funds are broken up between two quarters, $2.4 million in Q3 and an additional $8.9 million in Q4, for a total of $11.3 million. The Q4 “financial benefit” as MoneyGram calls the sum, was not included in its Q4 revenue, reported as $323.7 million. Instead, it was accounted for a contra expense in its operating expense on the recommendation of the…

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Dusk Network Plans to Tokenize Equity for Thousands of Dutch Companies

Dusk Network

Security token platform Dusk Network says it will tokenize shares for thousands of small and medium-sized enterprises (SMEs) in the Netherlands and the broader Benelux region. The Amsterdam-based company announced Thursday it has partnered with Firm24, one of the region’s largest shareholder registries, and will use blockchain for an automated infrastructure that could introduce market efficiencies and transform how shares, that are not publicly listed, are traded. Blockchain infrastructure provider LTO Network will also provide an interface between Dusk and Firm24 to link off-chain activities to the blockchain system and…

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5G router that can run bitcoin node

Hub Exodus 5G

Electronics giant HTC has announced a new privacy-focused portable 5G blockchain router that enables users to run a full Bitcoin node. Due to arrive by mid-year, the Exodus 5G Hub follows on from the success of the Tawainese manufacturer’s Exodus 1 phones, which also have the ability to run nodes. The Hub provides 5G connectivity to all internet enabled devices and uses Zion Vault software to enable users to store Bitcoin, Ethereum (including ERC-20 and ERC-721 tokens), Binance Coin, Litecoin and Stellar. The software offers security features including social recovery…

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Cardano (ADA) makes major changes to its node with crucial update

Cardano

Blockchain platform Cardano have announced the release of a major update to its architecture. The update is made up of the Cardano Node and also includes Cardano Explorer Backend with Web API. According to an extensive post, Cardano communications director Tim Harrison highlighted the features of the upgrade. Cardano have been working on the upgrade for the past 18 months and it is expected to be a pre-cursor for upcoming releases of Shelley and Goguen. The updates are expected to make it easier for third-party developers and enterprise adoption. Changes…

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Avril Group to use blockchain to track eggs

vejce blockchain

French agribusiness Avril Group became the latest to team up with IBM Blockchain to apply blockchain technology to trace its “Matines Eggs” range from the farms to the consumers. The tracking will be done through Cloud network IBM Food Trust solution, which is based on Blockchain Hyperledger technology. Avril Group is the French market leader in the vegetable oil and protein industry, as well as the owner of the leading fresh egg and oil brands, Matines and Lesieur, among others. It has operations in 22 countries. The hens that lay…

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BitFury partners with UN

UN forrest

Blockchain development firm Bitfury is set to partner with the United Nations Development Programme (UNDP) on a project to conserve and increase Kazakhstan’s forestland. As the Astana Times reported on Jan. 14, the project aims to help the country to reduce its greenhouse gas emissions by 15% over the coming decade to meet its commitments in the 2016 Paris Agreement. Offsetting Bifury’s carbon footprint Bitfury and the UNDP are poised to sign an agreement later this month with the Kazakh Ministry of Ecology, Geology and Natural Resources to create a…

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Nike to Tokenize Footwear on Ethereum Blockchain Network

Nike shoes

Nike intends to use the Ethereum blockchain network to generate a unique digital asset for limited edition shoes. It got a patent to tokenize footwear on the Ethereum blockchain network. Nike is responsible for the design, development, marketing, and sale of footwear, apparel, equipment, accessories, and services for athletes. The Company’s operating segments include North America, Europe, Japan, China, and Emerging Markets. Its brand portfolio includes NIKE, Jordan, Hurley, and Converse brands. Nike to Use Ethereum Blockchain Network (ERC 721 Token) Nike intended to generate unique IDs and create ERC…

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CCB Launches A Blockchain-Based Small Business Financing Platform

CCB China

One of China’s largest financial institutions, China’s Construction Bank (CCB) launched its blockchain based re-factoring platform. The announcement, released on December 10th by local news outlet, Sina Finance App, further points out the bank aims to boost efficiency and reduce risks pinned to the factoring business. China’s state Owned Bank Launches Blockchain-Based platform Factoring is a popular channel that mid and small-sized businesses use to raise capital by selling their invoices at a discount to another firm. China’s state owned CCB, the world’s second largest bank in assets owned, launched…

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89% of Chinese Blockchain Firms Have Tried to Issue Crypto

blockchain china

89% of China’s blockchain firms have allegedly tried to create their own cryptocurrency, according to a senior exec at a local blockchain association. According to the state-run CCTV on Nov. 21, Yedong Zhu, the president of the Beijing Blockchain Technology Application Association (BBAA), revealed that the vast majority of blockchain industry in China is focused on tokens, not blockchain. In addition to Zhu’s remarks, the report by CCTV covered a new study led by the People’s Bank of China (PBoC). Co-authored by five local financial and technology authorities, the “Bluebook…

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Italian banks successfully test data reconciliation via blockchain

bank blockchain Italy

The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform. The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test of the framework has been first announced by Italian media at the end of September though with little details. Platform viability has been demonstrated Now ABI reveals that the test has seen 200 million data entries being processed by the blockchain banking reconciliation system, effectively simulating…

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