Amazon Web Services (AWS) cloud platform has recently introduced its Blockchain framework for Ethereum (ETH) and Hyperledger Fabric allowing users to build and manage their own Blockchain-powered decentralized applications (DApps), AWS announced in a blog post Thursday, April 19. According to the statement, users will be able to create their own Blockchain applications via the […]

Amazon

JPMorgan Chase, the National Bank of Canada, and other banking sector participants have tested the Quorum Blockchain platform with the intent to make the process of issuing financial instruments more efficient, Reuters reports Friday, April 20. Other participants in the April 18 experiment were Goldman Sachs Asset Management, Pfizer Inc, Legg Mason Inc’s Western Asset, […]

Blockchain

Newly published patent filings from retail giant Walmart hint at a plan to store payments data using blockchain tech. The two applications – published on Thursday by the U.S. Patent and Trademark Office (USPTO) – both reference using a blockchain-powered platform to secure the payment data, ensuring that private information can’t be access by unauthorized […]

Blockchain

Blockchain technology has shaken up the financial world by providing a system for transactions that does not need a central authority, bank or third party payment system.This very reason has made many traditional financial institutions unsupportive of the new technology, as over time it could make their systems obsolete. Enter Mastercard, the global banking card […]

Adoption

1. Put simply, this is where individuals share items or services, usually on the internet. Even if you haven’t heard the term, you’ll know about the phenomenon. Through countless apps and websites, it’s possible to rent things by the day or the week – even by the hour. Occasionally it’s free, but usually there’s a […]

Airbnb

The National Aeronautics and Space Administration (NASA) has awarded a new grant that supports the development of an autonomous spacecraft that could make decisions using Blockchain technology without human intervention, news outlet Space.com reported April 18. Jin Wei Kocsis, an assistant professor of electrical and computer engineering at the University of Akron, Ohio, received a […]

Adoption

IBM and Salon Media are piloting a proof-of-concept Blockchain product created by AdLedger, a nonprofit consortium that develops shared ledger technologies for the digital advertising market, Marketing Dive reported April 18. “The Campaign Reconciliation Project” leverages Blockchain tech to short-circuit intermediaries between advertisers, publishers and consumers, which currently render the industry vulnerable to high-tech ad […]

Blockchain

Indian banking giant ICICI Bank has consigned more than 250 corporates to its Blockchain platform for domestic and international trade finance transactions, according to a press release published April 17. ICICI Bank started exploring Blockchain opportunities for their business in 2016. In June of that year, the bank created the position of Chief Technology and […]

Adoption

Police in China’s northwestern city Xi’an have arrested a primary suspect and three accomplices for a suspected cryptocurrency “pyramid-scheme” that is alleged to have defrauded over 13,000 investors of ¥86 mln ($13 mln), local news reported April 18. The chief suspect, identified by his surname Zheng, allegedly began preparations for the scheme in October 2017, […]

Blockchain