Tata Consultancy Services (TCS) has partnered with Intel to integrate Intel Software Guard Extensions technology with the Quartz Blockchain solution, to enhance the privacy and security of blockchain-based ecosystems implemented using Quartz. Reacting to this, shares of the company rose 1% in the afternoon session on Wednesday. “Central to TCS’ Business 4.0 framework is the use of technology to leverage ecosystems and to harness abundance. Quartz blockchain is a key enabler for this strategy. Even a single security incident can cause loss of trust and deter the adoption of blockchain.…

The Chinese Financial Blockchain Shenzhen Consortium (FISCO), led by multinational telecommunication company Huawei and tech giant Tencent, will soon present its coinless blockchain FISCO BCOS. FISCO consists of more than 100 financial entities including major players such as WeBank, a digital bank initiated by Tencent, and Shenzhen Securities Communication. The consortium is going to present the new platform at the Singapore Fintech Festival, which will take place from Nov. 12-14. FISCO BCOS is described as a set of applications aimed to serve the general public. Per the release, the main…

The future of the travel industry won’t be the same thanks to IBM and the leading travel commerce platform Travelport’s latest announcement. During August was a big announcement from Travelport and its strategic technology partner, IBM have revealed that their industry-first AI (artificial intelligence) platform with the aim of aiding businesses manage their corporate travel spend. The AI platform, combined with Travelport data, cleverly manages, predicts and tracks all travel costs in one place. Fundamentally changing how companies manage and optimise their travel programs. This week, a further collaboration using…

75 of the world’s biggest banks are turning to the Interbank Information Network (IIN) a blockchain payments platform to fight the threat of new payments rivals in what will be the regulated banking industry’s largest application of the distributed ledger technology. More than 70 additional banks, including Société Générale and Santander, are joining the Interbank Information Network which JPMorgan, Royal Bank of Canada and ANZ have been trialling for 11 months to see if blockchain payments technology can speed up payments that have errors or require additional compliance checks. The…

Tech giant Dell EMC Technologies plans to remain a leader in the Indian server market by introducing products that have blockchain capabilities, local news outlet Economic Times India reports September 26. Dell has identified blockchain, artificial intelligence (AI), data analytics, and cloud-compliance as key features that the firm will push forward with in order to retain its edge. According to the Economic Times India, Dell had the highest overall market share of the Indian server market in Q1 2018 at 28.3 percent, up from 19.4 percent in the previous quarter.…

Blockchain has been receiving attention well beyond cryptocurrencies, and the focus has shifted in part to patent filings. Though it may seem that China has dominated patent filing activity in recent weeks, a number of firms (not Alibaba) have been making their own way across the patent landscape. In the latest news germane to intellectual property and blockchain, Mastercard has filed three patent applications with the U.S. Patent and Trademark Office, as reported this week. Amid those patent filings came details that the payments giant has developed a blockchain-based system,…

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…