Category: Blockchain

StackOverflow Developer Survey: 80% of Organizations Do Not Use Blockchain

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Developer Survey Results

Major developer community website StackOverflow has surveyed nearly 90,000 developers, and the results published on April 9 show that 80% of organizations are currently not using blockchain. As well, 12.7% of the developers responded that organizations use blockchain for non-currency applications, 4% for cryptocurrency-related applications, 2.1% accept crypto as payments and 1.3% are implementing their own cryptocurrency. StackOverflow also claims that developers in India are the most likely to say that their organizations are using blockchain technology. The most significant portion of developers, 29.2%, believes that blockchain is useful across…

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EU Blockchain Observatory Releases Report on Tokenization, AI and IoT

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EU Blockchain Observatory

The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The…

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EU Launches International Blockchain Association

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International Blockchain Association

The European Union has officially launched the International Association of Trusted Blockchain Applications (INATBA) — with IBM, Accenture and Deutsche Telekom among the 100-plus members to have signed the association’s charter at a ceremony at the European Commission (EC) in Brussels on April 4. INATBA was legally formed last month as an offshoot of the EU’s European Blockchain Partnership, with the explicit aim of “supporting interoperability, developing specifications, promoting standards and regulatory convergence to support the development and exploitation of innovative blockchain technologies.” Launching ceremony Hosted by European Commissioner Mariya…

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Russian Gas Giant Gazprom to Use Blockchain in Gas Supply Agreements

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Gazprom blockchain

The Russian prime minister has welcomed an initiative to use blockchain in agreements over gas supplies by the country’s state-owned gas giant Gazprom, local finance news outlet Vestifinance reports on April 4. The news agency operates under Russian Television and Radio Broadcasting Company (RTR), a major TV channel. The head of Russia’s state-owned gas giant Gazprom, Alexey Miller, has met with Russian prime minister Dmitry Medvedev to report on the development of applications powered by distributed ledger technology (DLT). According to Miller, Gazprom has carried out substantive work with Russia’s…

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IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions

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IBM Blockchain World Wire

The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions. “More than a few banks around the world […] see tremendous business benefit to issue stablecoins in their native…

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Google Deletes Crypto Malware Targeting Blockchain.com

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Crypto Malware

A Google Chrome browser extension tricking users into participating in a fake airdrop from cryptocurrency exchange Huobi claimed over 200 victims, a security researcher reported in a blog post on March 14. The extension for Chrome web browser, with the name NoCoin, gained 230 downloads before Google deleted it, according to Harry Denley, who runs cryptocurrency scam database EtherscamDB. Denley noted that hackers had purposely disguised the malicious extension to look like a tool protecting users from cryptocurrency malware or so-called cryptojacking. “From the start, it looked like it did…

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Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service

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crypto crowd funding

Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs). The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly protects new online capital formation strategies like equity crowdfunding and STOs. The product also aims increase trust, confidence and safety to potential investors guaranteeing that the issuer is insured. According to Ty Sagalow, CEO of Assurely, the parties have managed to increase underwriting. The releases states: “CrowdProtector provides Issuers protection against investor complaints…

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IBM Reveals Two Further Blockchain Patents for Security And Database Management

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IBMBlockchain

Multinational computing giant IBM is adding to its stack of blockchain patents with two new applications, the United States Patent and Trademark Office confirmed, publishing documents on March 5. According to one patent document, IBM now seeks to target network security using blockchain technology. A second patent focuses on database management using the tech. “Securing a data log using monitor security protocols may be accomplished with different levels of security, ranging from low security to high security, and have various combinations of hardware and software configurations,” the description of the…

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Smart Contract Firm Quantstamp Reveals Investment From Financial Giant Nomura

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Nomura Japan

United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings. The news was revealed in a press release from Quantstamp published on March 6. According to the announcement, the U.S. firm has received a “significant investment” from Nomura, which provides investment, financing and related services to individual, institutional and government customers. Venture company Digital Garage, which invests in successful internet startups across the world, reportedly also contributed to the round. Information that the corporate funding round was led…

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Germany Proposes Launching State-Run Electronic Register for Blockchain Sector

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Bundestag Reichstag Berlin

Germany’s justice and finance ministries have proposed to launch a state-run register to boost the use of blockchain, Reuters reports on Friday, March 8. According to the Reuters, the seven-page initial guidelines offer to create a register to regulate the sector and protect investors from possible abuses. The document reportedly states that regulation in the sphere could contribute to the development of the technology behind cryptocurrencies, along with enhancing Germany’s position in financial markets. The guidelines also propose easing existing requirements, which assume that financial instruments must have tangible counterparts…

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