Category Archives: Blockchain

When it comes to blockchain technology—blockchain patents in particular—one company stands out from every other. Alibaba [BABA] is leading the pack in blockchain patent and they are proud of it. “We are the most patented company in the world of blockchain technology,” Jing Xiandong, CEO of Alibaba ’s financial arm Ant Financial said. Alibaba’s Numerous Blockchain Patents to show Of the 406 patent applications related to blockchain in 2017, Alibaba had 43, second only to People’s Bank of China (PBOC) who filed 68. Continue reading How Alibaba is championing the application of blockchain technology in China and beyond-Wed May 01 at Smartereum.

The retail giant Amazon and its subsidiary, the cloud computing platform known as Amazon Web Services (AWS) has released its Amazon Managed Blockchain (AMB) service, according to an announcement by the Business Wire on April 30.

ITIF asks governments to put forth more effort in supporting legitimate blockchain innovation and adoption The Information Technology & Innovation Foundation (ITIF) released recommendations for policymakers on how to regulate blockchain technology on April 30. Founded in 2006, ITIF is an independent nonprofit institute that provides policymakers with information, analysis and recommendations for handling new technology. In its new guide, ITIF included an array of proposals for policymakers to better regulate blockchain based on principles like technology neutrality and public-sector adoption. The guide predicts that blockchain will likely factor into major applications such as cryptocurrencies, shared data services, smart contracts, decentralized marketplaces, authenticity tracking, and digital identity applications.  It also adds that uninformed lawmaking threatens to hamstring development. Data-use regulations in particular can affect blockchain deployment. For instance, some of the E.U.’s provisions, the guide explains, are inconsistent with the tamper-proof nature of blockchain transactions. As blockchains are peer-to-peer networks…

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Truffle is integrating with AxCore as it seeks to expand into enterprise-grade solutions, according to a Forbes report. This article has been updated to include comments from Truffle CEO and founder Tim Coulter. Truffle is integrating with AxCore, a proprietary blockchain jointly created by Goldman Sachs and JPMorgan-supported Axoni, Truffle CEO and founder Tim Coulter told Cointelegraph in an email. The ConsenSys spinoff, which makes tools that are widely used by Ethereum developers, has raised $3 million as it aims to expand into enterprise-grade solutions. According to Coulter, Truffle is going to use the investment to complete a suite of blockchain development tools that are designed to appeal to enterprise clients. An estimated 60% of Truffle’s revenue currently comes from liaising with startups, larger corporations and governments that want to use its services, and the company’s executives believe the capital will enable it to explore “other revenue-generating opportunities,” Forbes wrote. Coulter told Cointelegraph: “Our integration…

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Amazon Web Services has made its Amazon Managed Blockchain generally available. Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30. The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states that AMB can scale to support thousands to millions of transactions. Amazon states that the blockchain-as-a-service (BaaS) will allow businesses to develop their own networks more quickly and at a lower cost, as it eliminates the need to “to provision hardware, install software, create and manage certificates for access control, and configure network settings.” Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS said: “Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network.”…

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According to Gartner, Inc., 20 percent of the top 10 global grocers will use blockchain technology by 2025. 20 percent of the top 10 global grocers will use blockchain by 2025, according to information released by research firm Gartner Inc on April 30. Per Gartner, the main advantage of blockchain for grocers is that it provides a high degree of transparency. For grocers, this means they can use blockchain as a way to convey reliable information to their customers and retailers. Gartner even claims that blockchain “appears as an ideal technology to foster transparency and visibility along the food supply chain.” Gartner says that grocery sales are increasing globally, and that consumers now know more about a food’s source and freshness, as well as the provider’s efforts toward sustainability. “Grocery retailers who provide visibility and can certify their products according to certain standards will win the trust and loyalty of…

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Three blockchain-focused firms are among the latest 29 companies accepted into the U.K. financial watchdog’s regulatory sandbox. The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a “short-term and small-scale basis.” According to the regulator, the startup uses a “central blockchain-based store of information” to verify identities and documents online from original sources. Meanwhile, Fintech Delivery Panel Partners has been given permission to test a “decentralized digital identity platform using machine learning identity verification and blockchain-based key management.” Finally, e-commerce payments and verified digital identity platform Nuggets intends to test the “storage of personal and payment data securely with blockchain, and the use of this data to access financial services products.” The regulator said it received a record number of 99…

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Like many of you, I am an investor who is bullish on cryptocurrency and an avid supporter of blockchain. I believe that blockchain can bring about invaluable services that reinvent the way we carry out our daily lives as well as the very fabric of society. It will give governance and ownership rights back in […] Source

Electronics giant HTC is planning to launch a second-generation EXODUS blockchain phone by the end of 2019.

There is perhaps no more personal journey than that of a couple struggling to conceive a child. It’s fraught with plenty of stress, not only because of the emotions involved, but also because it involves trusting others with personal and private information. One company is trying to put families’ minds at ease through the use […] Source