Oracle Boosts Blockchain Efforts

PYMNTS

The movement to embrace blockchain — notably, among some tech giants — has gotten some momentum in recent days, with new announcements of projects going live. 12) that it has as many as a dozen enterprise clients using a cloud-based blockchain platform that went live in the summer of 2018.

Blockchain Makes Inroads Into Banking

PYMNTS

In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

 Samsung Eyes Blockchain Smartphone?

PYMNTS

In the world of blockchain phones, another name may crowd the pantheon. Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones.

Mastercard Blockchain Patent Would Support Multiple Currencies

PYMNTS

Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. So Mastercard wants to implement a method to create a blockchain that enables different blocks that can store different types of information.

Financial Services: Blockchain-Based And Decentralized

PYMNTS

The idea that blockchain can be divorced from the crypto realm and used to trade and store assets is quickly gaining, well, currency. Blockchain for Trading . Trading protocols that operate across the blockchain, he said, are non-custodial, which means “sovereignty over your assets.

Amazon Eyes Blockchain

PYMNTS

An announcement Wednesday (November 28) said AWS is launching Amazon Quantum Ledger Database, as well as Amazon Managed Blockchain – solutions that Amazon Web Services CEO Andy Jassy said are “something that a lot of companies need.”

SWIFT Signals Further Openness To Blockchain?

PYMNTS

The movement to bring blockchain to cross-border payments proceeds apace. In an interview with CNBC, SWIFT Asia-Pacific Managing Director Lisa O’Connor said that some of its members are indeed using blockchain.

New York Times Posts Blockchain Job

PYMNTS

The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. The posting said the organization was looking for someone to “design a blockchain-based proof of concept for news publishers.”.

Will blockchain replace core banking?

Chris Skinner

Today’s share is from Simon Taylor, he of the blockchain fame … The post Will blockchain replace core banking? Blockchain Future Grid

Are you pulling my blockchain?

Chris Skinner

I just gave a presentation on blockchain. I haven’t been asked to make a specific presentation on blockchain for over a year, so it meant dusting off some rusty notes and slides and thinking about where we are today. Blockchain Fintech Future Grid

New Year, New Blockchain Use Cases?

PYMNTS

To that end, any number of analyses are coming in the blockchain arena. This, said the Review , will be the way that blockchain becomes normal. At least some cryptocurrencies are becoming national in scope, which may spur blockchain adoption.

Zuckerberg Considering Blockchain For Facebook Login

PYMNTS

Facebook has recently been shoring up its blockchain team , led by David Marcus, who used to be the VP of Messenger. Earlier this month, Facebook acquired Chainspace , a blockchain company that researches the tech and develops smart contracts.

HSBC Readies Blockchain FX Tool For Corporates

PYMNTS

HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain.

Tools 253

Ripple Forms Blockchain For Europe Association With Other Players

PYMNTS

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe.

CULedger, IBM To Bring Blockchain-Based Services To Credit Unions

PYMNTS

CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. Members would be able to conduct transactions with any credit unions that are part of the blockchain network. “A

Microsoft And Nasdaq Partner For Blockchain Initiative

PYMNTS

Microsoft is reportedly partnering with Nasdaq on blockchain, in which its Azure blockchain services will integrate with Nasdaq’s Financial Framework. The partnership is aimed at creating a blockchain system to help technologies work together for Nasdaq customers.

Corporates Step Up To Welcome AI, Blockchain

PYMNTS

Interestingly, blockchain did not emerge as a top focus for corporate finance chiefs, yet other recent analysis suggests CFOs might want to have the technology on their radar, too. Its “ Can blockchain revolutionize international trade?

Blockchain Banking, In NY And Done In Real Time

PYMNTS

Banking in blockchain – with real-time payments as a kicker? CoinDesk reported this week that Signature Bank , which is based in New York, is debuting a digital payments platform that is built on blockchain – and geared toward real-time transactions.

StanChart Next To Complete Blockchain Transaction

PYMNTS

Standard Chartered is the latest financial institution to have completed a trade finance transaction via blockchain, the bank announced Thursday (Jan. Standard Charted is using blockchain to provide parties involved in a trade finance deal to access the appropriate digital trade documents.

EU Blockchain Forum Recommends Digital Identity Systems

PYMNTS

In its newest report, the EU Blockchain Forum (EUBF) noted that government bodies need to home in on two aspects of the blockchain to help the technology fully actualize: That is, the institutions need to have digital national currencies as well as systems for digital identity, The Next Web reported.

System 261

State Farm Tests Blockchain Insurance Claim Platform

PYMNTS

State Farm announced that it is testing out blockchain technology to streamline the subrogation process for auto claims. State Farm explained it is working with a partner in the insurance industry to test the blockchain solution against existing processes.

SWIFT Gears Up For Trade Via Blockchain

PYMNTS

Financial messaging service SWIFT said this past week that it has fashioned a partnership with R3 , a blockchain startup. It has yet to be disclosed whether SABB has opted to use the blockchain-based payment offering known as xCurrent, or the XRP payment offering xRapid.

XinFin Signs On To R3 Corda For Enterprise Blockchain Apps

PYMNTS

Enterprise blockchain platform XinFin is joining the R3 consortium, with the R3 Corda marketplace hosting several XinFin apps for business users, the companies said in a press release Friday (Feb.

 IBM And The Blockchain Bet

PYMNTS

In the blockchain space, the announcements come fast and furious. The movement to bring all sorts of data and processes to the decentralized ledger model and to blockchain platforms is an inexorable one.

Thailand Govt Eyes Blockchain To Track Taxes

PYMNTS

To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning. As might be expected, smart contracts are tied to those blockchain aims.

Taxes 236

Blockchain 101: Mobile payments

Mobile Payments Today

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

Alipay In X-Border Blockchain Pact

PYMNTS

The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. That blockchain technology, in turn, had been developed by Ant Financial Services Group.

South Korea Examines Blockchain For Shipping

PYMNTS

Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. As has been reported, the Korean Bar Association has urged the government to put blockchain regulations in place.

Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. Recommendations on framework (including legal parameters) tied to blockchain are being accepted as early as this week, said Reuters.

Bitcoin Daily: Overstock Invests In Blockchain Banking Co; Ripple Gets Into Blockchain Gaming

PYMNTS

The product utilizes blockchain analytics and forensics to search for “suspicious” addresses and wallets, as well as profile crypto exchanges, ATMs, coin mixers, money laundering systems and criminal addresses to determine the risk level.

Blockchain Gets A Nod In The Isle Of Man

PYMNTS

In regulatory efforts tied to blockchain, the British dependency Isle of Man has debuted a hub focused on blockchain development. Amid blockchain projects that stop and go, one has been stopped.

Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. Blockchain applications like smart contracts can help transactions to be completed faster and more efficiently.

BBVA, Porsche Complete $170 Million Loan With Blockchain

PYMNTS

One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche Holding using blockchain technology, according to a report. In April, BBVA said it became the first global bank to do an entire loan using blockchain.

Overstock Talks Up Its Blockchain-Based Future

PYMNTS

Overstock may be best known as an eCommerce business, but these days its CEO and Founder Patrick Byrne is much more interested in talking about the power of cryptocurrency and blockchain, and how it will be the real future of both the firm and the economy in general.

Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. Blockchains provide that vital, real-time data, and the important accompanying documentation that can be associated with the goods.”.

DMG Blockchain Targets Cannabis Supply Chain Traceability

PYMNTS

Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. The company announced via press release on Tuesday (Oct.

Overstock To Sell Retail Biz, Focus On Blockchain

PYMNTS

Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology.

Retail 279

Some Credit Unions Turn to Blockchain to Improve Customer Experience

Bank Innovation

credit unions are testing a blockchain-based digital credential system in different pilots ranging from mobile banking to voice banking and even call centers to improve customer experience, Bank Innovation has learned. This blockchain-based digital credential system is called MyCUID.

Good Healthcare Requires Good Data — And Blockchain And Biometrics, Too?

PYMNTS

That leads us to the latest discussion about the potential role that blockchain can play in healthcare data. Then, regulators can see tangible use cases” that prove the appeal of blockchain in the healthcare space.

Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

PYMNTS

Betting On Blockchain. For Inxeption, one of the most promising innovations to achieve this leap is blockchain. The concept of a blockchain-managed digital identity is not new. The point isn’t to shove blockchain in customers’ faces.

Do we need a blockchain?

Chris Skinner

I haven’t written about blockchain for a while. I’m not bored of the promise of blockchain and distributed ledger technologies. Just bored of how much hype there has been and of so many companies claiming to have the latest blockchain breakthrough.

Blockchain Makes Headway Into Shipping Logistics

PYMNTS

Beyond bitcoin and moving toward supply chains, blockchain is finding more adoption for cross-border logistics and document management. . That consortium would in turn create the Global Shipping Business Network, billed as a digital platform based on blockchain.

Blockchain Tech Disrupts The Corporate Payments Status Quo

PYMNTS

Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions.