IBM’s Food Blockchain Is Going Live With a Supermarket Giant on Board

IBM is taking its food-tracking blockchain into production, making it one of the largest enterprise projects to achieve that milestone, and has signed European supermarket giant Carrefour to use it. Announced Monday, the commercial launch of IBM Food Trust means that large players, as well as small and medium-size enterprises (SMEs) in the food industry supply […]

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How I Lost My Faith in Private Blockchains

Angus Champion de Crespigny is an advisor to various companies and projects on bitcoin, cryptocurrency and identity infrastructure. He spent 11 years at EY, with the last four consulting on blockchain and crypto assets until his departure in August. Since 2015, while there has been a myriad of permissioned blockchain announcements from enterprises, questions have […]

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Australian Securities Exchange Targets 2020 for DLT Rollout

The Australian Securities Exchange (ASX) is moving closer to replacing its CHESS clearing and settlement system with a distributed ledger-based alternative. Details about the system’s progression toward production launch were included in an 87-page consultation paper published Friday, which included a timeline for when the switch will be made as well as descriptions of the types of […]

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Sony Eyes Blockchain Use for Digital Rights Data

Japanese technology giant Sony is looking at using blockchain to store digital rights data. In an application published Thursday by the U.S. Patent and Trademark Office, Sony explains that current digital rights management (DRM) solutions that aim for interoperability “may not be very reliable and rely on one unique point of failure. If the rights locker provider […]

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UBS-Backed Blockchain Platform Completes Live Trade Transactions

Batavia, a blockchain-based trade finance platform founded by banking giant UBS in partnership with IBM, has conducted its first live cross-border transactions involving corporate clients. According to an announcement released Thursday, the pilot effort saw the platform carry out the full cycle of trades, automatically forming agreements and closing payments, in a process powered by […]

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Is XRP a Security? That And Other Ripple Debates Explained

What is a “cryptocurrency?” Try as Webster dictionary may, a formal definition remains hard to pin down. While it’s unclear exactly when the word itself was coined, bitcoin, the world’s very first such cryptographically-backed asset, is probably the answer that most often springs to mind. Still, a vast array of very different technologies now carry and […]

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ECB Unveils Instant Payment System, Claims It’s ‘Better’ than Blockchain

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. And from a central bank no less. The world is just recognizing the countless applications of blockchain technology, not to mention the speed, security and simplicity at which transactions can be completed, and Yves Mersch of Luxembourg has suggested he’s got something […]

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Ripple Papers Promise New Start for $40 Billion XRP Cryptocurrency

The startup that oversees development of the world’s third most-valuable cryptocurrency, XRP, is moving to upgrade the underlying technology on which it operates. Announced Wednesday, San Francisco-based startup Ripple is releasing two new white papers for peer review – one describing XRP‘s consensus algorithm in a more formal way and the other outlining a way to […]

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IBM Wants You to Know the Ways Blockchain Can Go Wrong

As enterprise blockchains inch closer to live launches, a group of cybersecurity experts within IBM is out to make sure clients take every step to keep their new investments secure. Adewale Omoniyi, a senior managing consultant in the biometrics and cybersecurity for IBM Global Business Services, is one such professional, and on Wednesday, he sought […]

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Blockchain Can Help UK ‘Stay Relevant’ After Brexit, Says EU Lawmaker

A British Member of the European Parliament (MEP) has called on the City of London and the Bank of England to embrace blockchain technology as a means of staying relevant in the post-Brexit era. Kay Swinburne, who is also the most senior legislator on the EU’s Economic and Monetary Committee, told Business Insider that “the […]

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