Blockchain 

Blockchain Adoption | Sberbank CEO Anticipates 1-2 More Years

The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years. Blockchain Adoption Gref believes the technology is on the cusp of entering the industrial development stage of its evolution. Speaking to journalists this week, he said: “The hype around the technology [blockchain] is now over, and the technology is entering the stage of industrial development. It needs a year or two to be implemented at the…

Read More
Blockchain 

Public vs Private Blockchain | Ernst & Young’s New Blockchain Prototype

On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model—thus a private blockchain. It does this by using zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. The result, it claims, is a network that will suit the needs of institutions, especially in the financial sector. But why the need to combine the pro’s of both networks,…

Read More
Blockchain 

Blockchain Trade Finance Platform | eTrade Connect Officially Launches

A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, Great Britain-based Standard Chartered, and nine other major banks. Blockchain Trade Finance Platform The new platform is called eTrade Connect, and on Wednesday, HSBC said it reduced the time it takes to approve trade loan applications. Usually, these loans would take a day and a half to process, but thanks to eTrade, it has been reduced…

Read More
Blockchain 

Blockchain and Shipping | Samsung SDS Signs Deal with European Port

Samsung SDS, the blockchain subsidiary of the tech giant Samsung, has just announced its partnership with Europe’s largest port, the Port of Rotterdam. In addition to this agreement, the Major Dutch bank, ABN AMRO, will also be in on the blockchain and shipping deal. Samsung SDS: Blockchain and Shipping The Samsung subsidiary released the news via a press release this morning. According to Samsung SDS, its trial will focus on shipping containers from an unnamed factory in Asia to the port of Rotterdam. The Port of Rotterdam is located in…

Read More
Blockchain 

Facebook Appoints Director of Engineering Blockchain

Director of engineering blockchain: Facebook has appointed one of its senior engineers Evan Cheng as its first “director of engineering blockchain”.  The new position was confirmed by Facebook on Tuesday and signals the companies seriousness about the technology. Cheng has previously been responsible for heading up Programming Languages & Runtimes at Facebook. Prior to that, he held a 10-year stint at Apple. Describing himself as “an engineer and a technical leader” his social accounts also imply that he is an expert in blockchain and cryptocurrency; “day job – programming languages, runtimes,…

Read More
Blockchain 

The Walmart Blockchain Project | Solving Online Delivery Complications

Walmart blockchain: Delivery is one of the most challenging aspects of online retail and Walmart is determined to solve its delivery problems with blockchain. Back on July 5th, the big box retailer headquartered in Bentonville, Arkansas was rewarded a blockchain patent that focuses on the scheduling and delivery of packages. The patent was originally filed back on January 3rd, 2017. Delivery Hub The patent talks of delivery hubs, very similar to Amazon’s lockers, which will use a public blockchain to determine available capacity and make reservations for delivery. The information…

Read More
Blockchain 

Sirin Labs Blockchain Smartphone | Lionel Messi Endorses the FINNEY

Sirin Labs blockchain smartphone: Sirin Labs, the same company that brought Leonardo DiCaprio and Tom Hardy to the London-premier of its ‘world’s most secured phone’ just two years ago, is releasing a more affordable Android phone this November. The company’s latest blockchain-based smartphone endeavor has an even bigger endorsement this time around, the world’s most popular soccer star – Lionel Messi. The company’s original blockchain-based phone, Solarin, was only affordable to the rich and sold for a whopping $16,000 a phone. Now, the company’s latest phone, the FINNEY, will be…

Read More
Blockchain 

Automobile Blockchain | Toyota, Ford, & GM Looking at Distributed Ledger

Automobile blockchain: Various companies around the world began jumping on the blockchain bonanza last year when cryptocurrency spread like a wildfire in the media and grew in popularity. Everyone tried to see how this new technology could benefit their current systems or even ride the blockchain ‘buzzword’ for a while. Long Island Iced Tea Inc, an iced tea company and tea distributor, jumped on board and changed their name to Long Blockchain Inc to gain some stock momentum as NASDAQ was threatening to de-list them. Another area that began looking into the…

Read More
Blockchain 

Mastercard Files Blockchain Patent | Crypto/Fiat trading Will Be Faster

Mastercard files blockchain patent: Mastercard has filed another blockchain patent. According to a US Patent and Trademark Office, the company filed the patent July 17. The new patent is aimed at consumer protection and blockchain payment transactions.  The patent document outlines its main goal: to quicken merchant transactions that use cryptocurrencies. Currently, the length of time it takes to confirm and complete transactions is making exchanges with crypto’s difficult and inefficient. Even though the technology is already widely available that could make the whole process instantaneous. The application includes an outline for…

Read More
Blockchain 

A Malta Blockchain Island | Is It Really Happening?

The European island of Malta, just below Italy and above Africa, is quickly becoming the world’s first blockchain powered island. For the past few months, there have been numerous reports of major blockchain companies and crypto exchanges setting up shop in Malta—but why, why a Malta blockchain island? Opportunity cost. Maltese Government The Government of Malta has recognized blockchain as the technology of the future and now wants the tech to be the central part of its economy. The island has been recently deemed one of the best countries to relocate…

Read More