PYMNTS

MAY 20, 2020

Is now the prime time for blockchain ? As COVID-19 has disrupted supply chains worldwide, Brian Behlendorf , executive director of Hyperledger , told Karen Webster that the pandemic has spurred a shift in thinking about new use cases for permissioned blockchains. The Emerging Use Cases.

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SEPTEMBER 20, 2020

ECS Fin , which works in transaction processing optimization, will launch a pilot program to test the integration of blockchain services of Apifiny 's Roxe network to help companies save time and costs on B2B payments, according to a press release.

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PYMNTS

NOVEMBER 4, 2020

Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. Liink, J.P.

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Bank Innovation

SEPTEMBER 14, 2016

Image source I struggled with the headline for this post because the news connects to so many different themes we cover on Daily Fintech: Real use cases for Blockchain. The new global back office. Catastrophe Insurance and Climate Change. Financial Inclusion. Innovation by Incumbent Financial Services.

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PYMNTS

MAY 18, 2020

Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). TECHFUND isn’t new to the blockchain sphere, having explored helping entrepreneurs with service token offerings in the past.

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PYMNTS

SEPTEMBER 10, 2019

The world’s first blockchain-enabled smartphone will debut in Bangladesh , India. Bitcoin Blockchain Hack? Separately, bitcoin’s blockchain has been hijacked by malware installed that uses the network itself to repel attacks, according to Forbes. Telegram to Deliver (on Blockchain)? Finney will cost $999.

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PYMNTS

DECEMBER 21, 2020

JCB , a Japanese card provider, is developing a blockchain B2B payment offering specifically for netting trades between two parties. In May, JCB unveiled a partnership with TECHFUND , the tech upstart accelerator, to look into the idea of a payment infrastructure with blockchain options.

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PYMNTS

MAY 8, 2019

Blockchain technology is taking hold in the Southwest, with the help of organizations encouraging development in the space. A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation.

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American Banker

JUNE 7, 2023

This week in global news: JPMorgan Chase works on blockchain in India, U.K. reps want faster crypto regs and more.

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PYMNTS

NOVEMBER 25, 2019

The wholesale car financing arm of JPMorgan Chase is putting together a plan to finance the creation of a blockchain-based automobile inventory system, The BlockCrypto reported on Friday (Nov. The pilot program to test the solution was successful, Christine Moy, JPMorgan’s blockchain lead, told the news outlet.

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PYMNTS

JUNE 19, 2019

Libra may have dominated the news so far this week — and, of course, the new cryptocurrency announced by Facebook is underpinned by blockchain. To that end, the MediLedger project debuted a new pilot program this week, billed as a cross-industry initiative that eyes using blockchain for drug supply chains.

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PYMNTS

JANUARY 16, 2019

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. IoT Gains Traction With Blockchain.

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PYMNTS

MARCH 11, 2020

The alliance, a Libra competitor, provides an avenue for developers to create decentralized apps based on Celo blockchain technology as well as U.S. According to reports, the biggest element that sets Celo’s network apart from other blockchains is that Celo Dollar stablecoin payments can be sent to phone numbers instead of complex addresses.

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PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. One way Buonomo could see it being done is if a new cryptocurrency were created and issued by a central bank.

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PYMNTS

SEPTEMBER 14, 2020

Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. It was completed over the blockchain-based Contour network, which is an open industry platform and focused on digitizing trade finance.

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PYMNTS

MAY 4, 2020

Senate staffers put forward the idea of blockchain voting in a “continuity of Senate” memo at the end of April, CoinDesk reported. The staffers wrote, per the report, that “the Senate may consider blockchain” in the event that all of its members have to put in their votes remotely.

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PYMNTS

NOVEMBER 9, 2020

As other stocks rebounded at the news of a breakthrough in Pfizer and BioNTech’s joint COVID-19 vaccine, bitcoin fell sharply to nearly $14,815, according to CoinDesk. Meanwhile, New Jersey Sen. Nellie Pou introduced new cryptocurrency regulations in a bill titled “Digital Asset and Blockchain Technology act,” on Thursday, Nov.

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PYMNTS

JANUARY 22, 2020

Accenture has a blockchain solution that just went live, according to a press release. Keeping track of everything is complicated, and onboarding new clients involves a lot of data collection. Given this, Accenture Procurement asked our internal IT and Accenture Technology blockchain organizations for a solution.”.

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PYMNTS

NOVEMBER 25, 2018

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. Byrne is a big backer of blockchain and cryptocurrencies.

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PYMNTS

OCTOBER 20, 2017

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Mastercard is not the only firm delving into blockchain. At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. On Friday (Oct.

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PYMNTS

JANUARY 3, 2019

To that end, any number of analyses are coming in the blockchain arena. According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies. In the U.S.,

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PYMNTS

DECEMBER 22, 2020

Decentralized digital finance trade platform Contour has completed a pilot blockchain transaction between textile companies Tainan Spinning and Century Synthetic Fiber Corporation in Vietnam, according to a press release. The release also stated the transaction showcases the business growth in Vietnam and Taiwan. "As

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PYMNTS

DECEMBER 7, 2018

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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PYMNTS

OCTOBER 24, 2018

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. The company has said that its blockchain platform has more than 400 clients, using Hyperledger Composer and Hyperledger Fabric.

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PYMNTS

NOVEMBER 5, 2018

China Merchants Bank ( CMB ) announced that it has become the first bank in the country to issue blockchain electronic invoices. According to China Knowledge , the news comes just one month after the bank revealed its intention to launch a blockchain eInvoice. This isn’t the first blockchain-based project for CMB.

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PYMNTS

FEBRUARY 7, 2020

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.

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PYMNTS

OCTOBER 23, 2020

SK Telecom has indicated that it will provide its inaugural eWallet to keep electronic certificates and manage them, which is fueled by the blockchain and has the go-ahead from the South Korean government, Cointelegraph reported.

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PYMNTS

MARCH 13, 2019

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.”.

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PYMNTS

OCTOBER 20, 2020

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. Corda is a blockchain platform that eliminates expensive friction in business transactions.

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PYMNTS

JANUARY 16, 2020

Kadena , a crypto startup that’s an offshoot of JPMorgan’s blockchain center, has launched a public blockchain that can interact through public and private sections, according to a report Wednesday (Jan. 15) by Coindesk. The whole process will be done by March.

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PYMNTS

AUGUST 9, 2020

South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank , one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services.

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PYMNTS

MAY 3, 2019

Microsoft has announced the launch of Azure Blockchain Service , which simplifies the formation, management and governance of consortium blockchain networks. Because it’s built on the popular ethereum protocol, which has the world’s largest blockchain developer community, Quorum is a natural choice.

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PYMNTS

AUGUST 11, 2020

In other news, Coinbase has left the Blockchain Association , an industry advocacy organization, The Block reported. Wong noted that the “resignation also serves as notice of Coinbase’s withdrawal from the Blockchain Association,” The Block reported.

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PYMNTS

MAY 21, 2020

The company also said that IBM is joining its founding banks as a new shareholder, according to an announcement. we.trade was created on the IBM Blockchain Platform’s newest iteration. Additionally, they can browse the network to find new trading partners.

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PYMNTS

JUNE 17, 2020

The government of Austria is backing the creation of a pandemic-related mobile application based on the blockchain, CoinDesk reported. The prototypes harness the Ardor blockchain. One prototype lets people verify coronavirus testers.

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PYMNTS

AUGUST 11, 2019

New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications.

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PYMNTS

SEPTEMBER 5, 2019

Samsung ’s latest Galaxy Note 10 aims to boost blockchain adoption by making it more user-friendly, The Wall Street Journal reported Thursday (Sept. The new product will be marketed as a “KlaytnPhone,” named after a South Korean blockchain platform, sources told the WSJ. Right now, it’s only being sold in South Korea.

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