Category: DLT

Dutch Bank ABN AMRO Launches Blockchain Inventory Tracking Platform ‘Forcefield’

Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield in a press release published on May 17. Per the announcement, the platform is an Internet of Things solution that allows the monitoring of physical trade inventories with sensors and near-field communication chips. Forcefield […]

Blockchain Technology Fixes the Loopholes of Centralized KYC Solutions

While several projects prefer to use centralized repositories to store data during Know Your Customer (KYC) procedures, these databases exhibit several limitations such as susceptibility to hacks and high cost of management, which can be mitigated by distributed ledger technology (DLT), reports TechRadar on May 14, 2019. Centralized Databases are […]

How a Banking Consortium is Leveraging Blockchain to Scale Efficiency

J.P. Morgan led banking consortium, Interbank Information Network (IIN), is using blockchain’s network effect to move a staggering volume of workflow to a distributed ledger, as reported by Forbes on May 13, 2019. Enterprise Blockchain Advancing In October of 2017, J.P. Morgan (JPM) quietly initiated a tiny network of their industry competition […]

Maltese Crypto Businesses Eyeing Estonia and Swiss

Eman Pulis, the organizer of the Malta Blockchain Summit, has stated that while blockchain, cryptocurrency and artificial intelligence (AI)-related businesses are still finding it hard to secure banking services in the nation, Estonia and Swiss are fast attracting these firms, according to a Times of Malta report on May 12, […]

Dash (DASH) Investment Foundation Set to Go Live

Dash (DASH), the 14th largest cryptocurrency in the world by market cap, has announced that its investment foundation called the Dash Investment Foundation is nearing completion. The team claims the primary objective of the investment fund is to strengthen the Dash distributed ledger technology (DLT) ecosystem through investment operations bankrolled […]

Largest Australian Security Exchange To Replace Current Systems With Blockchain

Blockchain adoption is coming in hot for Australia as the country’s leading securities exchange, the Australian Securities Exchange (ASX) announced on May 7 the opening of its new blockchain-based Customer Development Environment (CDE). Per the announcement, the new CDE is a distributed ledger (DLT) solution that will replace CHESS (Clearing […]

Starbucks Partners with Microsoft to Track Coffee Beans Using Blockchain

At the Microsoft Build 2019 conference on May 6, 2019, Microsoft CEO Satya Nadela explained how they are working with Starbucks to enhance the coffee giant’s services using technologies such as IoT, Machine learning and blockchain. Connecting Customers to Farmers First announced in 2018, Starbucks’ bean-to-cup program was supposed to […]

Malaysia’s Stock Exchange to Develop Blockchain PoC for Security Borrowing and Lending

Kuala Lumpur-based Bursa Malaysia, the country’s stock exchange, is working on a blockchain-enabled security borrowing and lending proof-of-concept (PoC). English-language local media Bernama reported on the developments on May 6. Per the report, the initiative aims to develop greater transparency and address other challenges of borrowing and lending securities in […]

Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3. Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights of the company. As Cointelegraph […]