Posts in category

Distributed Ledger Technology


As enterprise blockchains inch closer to live launches, a group of cybersecurity experts within IBM is out to make sure clients take every step to keep their new investments secure. Adewale Omoniyi, a senior managing consultant in the biometrics and cybersecurity for IBM Global Business Services, is one such professional, and on Wednesday, he sought …

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Lightning is spreading across the cryptocurrency landscape. Originally designed for use on bitcoin, the world’s largest cryptocurrency by market size was also the first to implement the concept, touted as a way to make transactions faster and cheaper by moving them to a layer above the blockchain. But with scalability emerging as a pressing issue across the industry, …

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The Commodity Futures Trading Commission (CFTC)’s Technology Advisory Committee met today, hosting back-to-back panels on the subject of cryptocurrencies, blockchain and regulation. The meeting brought together influential figures from both the public and private sectors, with participants primarily raising issues related to markets, the regulation of the new technologies and the role of regulators in participating …

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South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain potential in interbank clearing and settlement. According to an official statement dated Feb. 13, the South African Reserve Bank (SARB) revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept …

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A British Member of the European Parliament (MEP) has called on the City of London and the Bank of England to embrace blockchain technology as a means of staying relevant in the post-Brexit era. Kay Swinburne, who is also the most senior legislator on the EU’s Economic and Monetary Committee, told Business Insider that “the …

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Software giant Microsoft has said it sees potential for public blockchains in supporting decentralized identities and will explore the possibilities within its Microsoft Authenticator app. In a blog post released on Feb. 12, Microsoft’s Identity Division doubled down on its belief that blockchain technology is the right solution to store, maintain, protect and distribute users’ identification …

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Agility, a global third-party logistics provider, has joined IBM and Maersk’s blockchain collaboration, the companies announced Tuesday. As previously reported by CoinDesk, IBM and Maersk revealed their global trade digitization platform, built on the Hyperledger Fabric 1.0 blockchain, in January. DuPont, Dow Chemical, Tetra Pak, the U.S. Customs and Border Protection and others piloted an …

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The Ontario Securities Commission has approved Canada’s first blockchain exchange-traded fund (ETF), set to launch on the Toronto Stock Exchange next week. Harvest Portfolios, an independent Canadian investment management company, filed the preliminary paperwork for its Blockchain Technologies ETF (ticker: HBLK) in January, seeking to provide Canadian investors with the opportunity to buy into the …

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Ripple has landed its largest client yet, with Santander Bank’s U.K. division announcing a mobile app powered by the company’s distributed ledger on Friday. The bank had been piloting the app for 18 months with its employees, integrating Apple Pay for payments between £10 and £10,000 ($14 and $14,000), according to Finextra. The app will …

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The researchers behind the SPECTRE and GHOST distributed ledger projects have proposed a new blockchain scalability proposal. Called PHANTOM, the protocol claims to provide transaction confirmation that is “secure under any throughput that the network can support” – smart contracts included. Yonatan Sompolinsky and Dr. Aviv Zohar outlined the new protocol in a paper published this week, building …

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Long considered one of the most promising codebases hosted by the Hyperledger blockchain consortium, Intel’s Sawtooth software is officially ready for enterprise use. Revealed today, version 1.0 of the technology provides what might be expected, features inspired by bitcoin and other public blockchains, but repositioned for enterprise. Yet, what its team of 50 contributors (from …

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Two San Francisco blockchain startups are teaming up, including one that is aiming to create a kind of decentralized Airbnb. Short-term housing rental startup Bee Token and financial services platform WeTrust are partnering to develop a “decentralized insurance layer based on crowdsourced security deposits.” In other words, the deposits would act as a financial buffer …

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A new state bill introduced to the Colorado Senate is looking at using blockchain technology to secure private data from cyberattacks. Introduced on Jan. 16, Senate Bill 086 suggests that using a distributed ledger would eliminate the need for paper records and in-person updating of such data. The blockchain system would subsequently solve the State’s …

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Blockchain technology could represent a major shift in how companies conduct their business, according to Deutsche Bank’s  chief investment officer. In a slide presentation this month, Christian Nolting, also the bank’s global head of wealth, and Marcus Muller, global head of the CIO office, explained how digital currencies and blockchains work and predicted where they …

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A new patent application from U.S. electronics giant Apple points to the potential use of blockchain within a prospective system for creating and verifying timestamps. In an application released by the U.S. Patent and Trademark Office on Thursday, Apple details a program able to certify timestamps by combining aspects of blockchain technology with Public Key …

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Blockchain startup Auditchain has added the co-founder of a widely used business reporting standard to its leadership team. The new hire, Eric Cohen, will serve as head of XBRL architecture for the New York-based firm, as announced today at CoinDesk’s Consensus: Invest event. Auditchain is developing an accounting ecosystem centered around blockchain-based tokens, and utilizing …

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An obscure provision tucked into a defense spending bill could serve as a springboard for blockchain adoption across U.S. government agencies. Part of a larger bill called the National Defense Authorization Act (NDAA), the Modernizing Government Technology Act (MGT) will allow the public sector to redirect cost savings (which normally must be returned to the Treasury …

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Distributed ledger technology (DLT) firm R3 is moving to more deeply integrate its Corda platform with Microsoft’s Azure cloud service. With the expanded partnership, announced yesterday, the two companies plan to offer “effortless deployment” of Corda and its networks on Azure, easing the process of setting up Corda nodes and networks for enterprises, and thus limiting …

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A group of major financial firms including JPMorgan Chase and Goldman Sachs has conducted equity swaps over a distributed ledger (DLT) system. Using the AxCore distributed ledger platform from startup Axoni, the pilot – which also included BNP Paribas, Credit Suisse and Citi – saw the banks process equity swaps from start to finish. The …

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The Australian government has announced that it will provide over AU$8 million (around US$6 million) in grants for a blockchain-powered energy project. The funding will see a grant of AU$2.57 million go directly to the project, which will be set up in the City of Fremantle. A futher AU$5.68 million will be provided via project partners …

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