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Travelport, IBM Collaborate on Blockchain for Hotel Commissions

Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies.According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle of […]

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The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt

Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with a bank-to-bank blockchain network. At the same time, the World Bank’s bond scheme has […]

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Deloitte ‘Blockchain in a Box’ to Help Enterprises Showcase Tech

Deloitte, one of the “Big Four” professional services firms, has officially launched a plug-and-play product aimed to help enterprises showcase their blockchain solutions to clients.The firm’s new “Blockchain in a Box” (BIAB) is designed as a mobile unit packed with four built-in nodes and several monitors that can be linked to external services such as […]

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It Took 18 Months, But This Blockchain Securities Firm Got the Nod From FINRA

Wall Street’s self-regulatory organization (SRO) has green-lit a new blockchain-powered securities trading platform.The Financial Industry Regulatory Authority (FINRA) has approved the membership application of IOI Capital and Markets, which plans to act as a placement agent for privately placed, digital securities on a permissioned Hyperledger Fabric blockchain.Co-founders Rashad Kurbanov and Hamid Gayibov have been developing […]

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U.S. Customs To Trial Blockchain System For Shipping

This month’s report from the U.S. Commercial Customs Operations Advisory Committee (COAC) reveals that the U.S. government is working on blockchain projects for international trade. One of these projects, on intellectual property rights, is slated for live testing this month.The COAC includes chairs from FedEx, Walmart, and Expeditors International. Walmart’s representative, Barry Baxter, is a […]

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IT Giant Oracle Sues Blockchain Startup for Taking Its Name

Software development behemoth Oracle is suing blockchain startup CryptoOracle, alleging trademark infringement and cybersquatting.Cybersquatting And Trademark InfringementTechnology market news outlet Computer Reseller News (CRN) reported on Aug. 15 that Oracle sued CryptoOracle alleging trademark infringement and cybersquatting in the Northern District of California.Wikipedia states that cybersquatting “is registering, trafficking in, or using an Internet domain […]

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IBM-Unilever Blockchain Pilot Cuts Wasteful Ad Spend

A year-long pilot that uses blockchain to improve online advertising efficiency has yielded promising initial results, according to IBM CMO Michelle Peluso.The project has already reduced pennies on the dollar of waste in the area of ad reconciliation and brought greater transparency to the complex gauntlet of intermediaries brand advertisers have to deal with, Peluso […]

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Samsung at Last Adds Bitcoin Support to Its Blockchain Phones

Samsung has integrated bitcoin (BTC) functionality on its blockchain-enabled smartphones.The move comes months after the flagship Galaxy S10 range was launched in March with a “Blockchain Keystore” offering cryptocurrency storage and transactions for ether (ETH) and related ERC-20 tokens, but which notably excluded the number one cryptocurrency by market cap.The South Korean tech giant has […]

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Large Enterprises Are Betting On Blockchain In 2019

2019 is the year when the blockchain ecosystem and the crypto industry as a whole had to get sober. After a wild 2017 and a bear 2018, the blockchain space is back on an upwards trajectory with new developments. There are no more Initial Coin Offerings (ICOs) to distract the crypto ecosystem and the building […]

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Blockchain Firm Bitfury Turns to AI for Big Data Mining

The Bitfury Group may soon be known as a data miner, as well as a crypto mining firm.In an interview with Reuters on Tuesday, the firm’s co-founder and CEO Valery Vavilov said Bitfury has launched an artificial intelligence (AI) division in order to break down the world’s vast amount of data and derive value from […]

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