Leading Auction House Christie’s to Record Art Sales on a Blockchain

London-based Christie’s, one of the oldest and most noted art auction houses in the world, is turning to blockchain tech to securely store sales and provenance data. The firm, which has a history going back to 1766, announced in a press release Thursday that it is collaborating with blockchain-powered digital art registry Artory to pilot the […]

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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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Bitcoin’s Proof-of-Work Can Be Made More Efficient, IBM Research Claims

Proof-of-work (PoW), the consensus mechanism that secures bitcoin and numerous other cryptocurrency blockchains, has given the technology a reputation for hogging energy. Indeed, a commonly advanced argument is that an army of specialized computers all racing to solve some arbitrary math problem can wind up using as much electricity as a small country. However, scientists from […]

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US Navy Launches Blockchain Research in Mission to Improve Tracking System

A U.S. Navy command is exploring the potential of blockchain technology in tracking aircraft parts. The Naval Air Systems Command (NAVAIR) – which provides material support for aircraft and airborne weapons systems for the navy – announced in a press release Friday it is investigating whether blockchain could trace parts through their life-cycle more efficiently and cost-effectively […]

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US Border Officials to Test Blockchain for Certificate Tracking

U.S. Customs and Border Protection (CBP) plans to trial blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates. CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency was beginning a “live fire testing” of a blockchain platform to certify that imported products […]

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EY’s Maritime Blockchain Insurance Tech Is Now Live

A group of companies piloting a blockchain-based insurance platform for the global shipping industry announced on Friday that the technology is now live in commercial use. Dubbed Insurwave, the blockchain platform was developed by professional services firm Ernst & Young and software company Guardtime based on Microsoft’s Azure cloud-based technology. As previously reported by CoinDesk, the […]

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Enterprise Blockchain May Finally Be Ready for Its Breakout

It turns out, last year’s mantra “make blockchain real” was little more than wishful thinking. Instead of the increased efficiency, enterprises have encountered impractically slow transaction volumes; instead of a transparent world with ultimate accountability, companies holding sensitive customer data faced regulatory concerns. Still, there’s reason to believe the same rosy-colored forecast just might come […]

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