Database Management Startup Fluree Snags $4.7M For Blockchain Tech

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Fluree, a database management startup based in North Carolina, has raised $4.7 million in a funding round to develop blockchain and integrate it into its database technology, according to a report. However, that depends on how the blockchain is configured.

Adjoint CEO On Why Treasury Management Needs Blockchain

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Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management.

IBM Launches New Blockchain Platform For Supply Chain Management

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International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug.

Insurers Test Blockchain To Manage Provider Data

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The blockchain is making inroads into healthcare. insurance landscape said they’re launching a pilot program that will help boost the management of healthcare provider data. Under the terms of the pilot, blockchain will be used with the hopes of improving data quality while reducing administrative costs focused on healthcare provider demographic data. Walker told PYMNTS that “we believe that a permissioned blockchain is the most suitable approach for our pilot.

Samsung Considers Blockchain To Manage Supply Chain

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Samsung is reportedly looking into blockchain technology to manage its supply chain, reports in Bloomberg said on Monday (April 16). The technology conglomerate, which is the world’s largest smartphone and semiconductor maker, is exploring a blockchain-based ledger system to manage its international supply chain. Samsung SDS VP and Blockchain Chief Song Kwang-woo said that supply chain involves the transport of billions of dollars worth of goods every year.

FIs Look Inward For Faster Blockchain Deployment

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Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger technology solutions for a range of use cases, including faster cross-border transactions.

Amazon Eyes Blockchain

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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.”

Blazing a path for blockchain in banking

Insights on Business

According to a report from Santander, blockchain technology is poised to save banks $20 billion dollars a year in infrastructure costs by 2022. Instead, he and his team identified a key client challenge for which blockchain could provide a valuable solution.

Target Tests Blockchain For Supply Chain Tracking

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Retailer Target is developing an open source blockchain solution to boost transparency within supply chains , the company revealed. Target will also reportedly support the Hyberledger Grid, which aims to streamline supply chain management in food and retail.

 Samsung Eyes Blockchain Smartphone?

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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.

DMG Blockchain Targets Cannabis Supply Chain Traceability

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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.

JPMC Adds Deutsche Bank To Blockchain Roster

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Deutsche Bank , Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase -led blockchain initiative, the Financial Times reported Sunday (Sept. More than 65 banks are live on the JPMorgan blockchain, and 255 are in the process of joining.

JPMorgan Chase and National Bank of Canada Complete Blockchain Test

Bank Innovation

and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. Corporate Innovations Lending Payments Wealth Management BlockChain fintech innovation JP Morgan QuorumJPMorgan Chase & Co.

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.

Walmart Develops Blockchain Freight Payment Network

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Walmart Canada has developed a blockchain-based network to facilitate logistics operations and payments, the company announced in a press release Thursday (Nov. This new dynamic and interactive blockchain technology platform is creating complete transparency between Walmart Canada and all of our carrier partners,” he continued. B2B Payments B2B Blockchain canada DLT Labs freight logistics News supply chain management walmart What's Hot In B2B

Applying Blockchain to Trade Finance

Chris Skinner

After Clearing and Settlement as a blockchain use case, the next big area of interest is Trade Finance. Blockchain GridThis is primarily because it’s an area full of inefficiencies and open to fraud.

22 Companies Leveraging Blockchain for Identity Management and Authentication

Let's Talk Payments

Among the variety of non-financial use cases, blockchain technology can be applied to identity applications in areas such as digital identities, passports, e-residency, birth certificates, wedding certificates, IDs, online account. Authentication blockchain Insights 2WAY.IO

Collaboration Spurs Treasury Management Innovation

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Deals were made with B2B invoicing and payments firm Viewpost, as well as health care blockchain company Gem and natural language search technology company ClearGraph. Patrick Moore , executive vice president and head of Capital One ‘s Treasury Management Product Management group, told PYMNTS that these collaborations offer the ability to integrate niche FinTech capabilities into Capital One’s broader range of services.

Brexit A Boon For Blockchain?

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Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit. That would leave room for blockchain.

Accelerating Blockchain Transformation

Insights on Business

In March of 2016, I testified on the revolutionary nature of blockchains before the U.S. Since that time, blockchains have continued garnering interest across multiple industries from banking to health care, and have been explored for quite a few additional use cases. Permissioned blockchains can provide value to customers through their ability to establish consensus between parties, provenance of assets, immutability of ledgers, and finality of transactions.

XinFin Connects Blockchain Factoring Tool To QuickBooks

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Blockchain company XinFin is rolling out an integration between its invoice factoring application InFactor and QuickBooks. The company will also link corporates to real-time remittance, trade finance, digital asset management and other financial management apps on R3 Corda.

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FEMA Looks At Blockchain To Aid Disaster Payouts

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The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters.

Is Blockchain The Next Wave For Digital IDs In Europe?

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At the highest level blockchain proponents say that distributed ledger technology (DLT) has the ability to safely, and immutably, transfer data, payments and … well , seemingly any exchange of value and information that one might envision.

Blockchain Is Centerstage in BNP’s Digital Push

Bank Innovation

Its subsidiary, BNP Paribas Securities Services — a global custodian and securities services provider — received a third of that sum in order to explore emerging technologies, such as blockchain, AI, and […].

For IBM, Blockchain as ‘Team Sport’

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In the ongoing move to embrace blockchain, Facebook may have its allies. IBM has said it is “willing” to work with Facebook on blockchain, as noted by an IBM executive. IBM, for its part, has been developing blockchain known as Stellar, focused on cross-border payments.

In Switzerland, Regulators Eye Payments Over Blockchain

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As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain. As reported, Sygnum seeks to provide traditional banking and wealth management services across DLT.

Microsoft And Nasdaq Partner For Blockchain Initiative

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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.

BoA Reported To Hire ‘Treasury Product Manager’ For Ripple

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Bank of America (BoA) may have hired a treasury product manager to work with Ripple. This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. The job listing said that the treasury product manager must have previous experience in the payments sector, but that specific knowledge of cryptocurrency wasn’t necessary.

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Formosa, CoolBitX Partner On Crypto-Asset Treasury Management

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Formosa Financial , a treasury management system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec.

In India, Dialing Up Blockchain Via Telecom

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Blockchain efforts — on a large scale — got a boost this week when Reliance Jio, the India-based mobile network operator, said it would set up one of the largest blockchain networks in the world. Chairman and Managing Director Shri Mukesh D. Blockchain, Taking Flight (Literally)?

Ripple Forms Blockchain For Europe Association With Other Players

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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.

Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

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New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. In other news, IBM recently filed a new patent application for a blockchain-based web browser. “In Once the system launches within several years, it would be managed by the private sector.

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HSBC Readies Blockchain FX Tool For Corporates

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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.

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Bitcoin Daily: HTC’s Exodus Blockchain Phone Now Supports Bitcoin Cash; Parsiq Offers Blockchain Data Analysis

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HTC has announced it is partnering with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone, which will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update.

 IBM And The Blockchain Bet

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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.

 Appetite for Blockchain Along Food Supply Chain

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Blockchain is gaining traction in supply chain management, as evidenced by a series of announcements over the past several days. In other IBM news, the tech giant and Chainyard have teamed to develop a blockchain platform that streamlines supply chain management.

New Year, New Blockchain Use Cases?

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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.

EU Blockchain Forum Recommends Digital Identity Systems

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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.

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World Bank Lands $33M For Australian Blockchain Bond

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The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology.

TRENDING: How Spend Management Keeps The Show Going On

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These issues are pushing companies to explore solutions, like virtual cards and blockchain, to help fill the gaps that make the corporate spending process so slow. This service provides companies with a more holistic way of managing employee travel through a dashboard.

Agriculture In Ant Financial’s Blockchain Sights

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30), Bayer Crop Science has struck a pact to work with Ant Financial , affiliated with Alibaba , in an effort that will develop a blockchain-underpinned system to monitor agriculture products. Blockchain tech helped integrate AlipayHK with the Philippines-based mobile service GCash.

Indian Gov’t Drafts Plan For National Blockchain Applications

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India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Ministry of Electronics and Information Technology (MeitY) has identified Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking & Finance, Cyber Security and so on,” wrote Sanjay Dhotre.

Blockchain Gains Steam Amid Food Tracking Initiatives

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As blockchain continues to make inroads into supply chain tracking, various companies in the food and produce industry have been leveraging distributed ledger technology (DLT) to source and monitor “farm-to-table” activity.