Q&A: Steve Davies, PwC: On creating value through blockchain amid uncertainties

“Is your business ready for blockchain?” asks PwC on its portal page, adding: “The most exciting thing about blockchain is that its true potential is still unknown.”

If you’re not ready, then the consultancy giant is more than ready to help, offering expertise across cryptocurrencies and payments, smart contracts, DLT assurance, the supply chain, as well as identity and security. Earlier this month it was reported that PwC was testing blockchain technology for...

Proof of Capital launches with $50m blockchain fund and HTC partnership

As the crypto winter continues – whether it persists or has been overcome remains a talking point for those glass half-full or half-empty in the space – one ineluctable result is the rise of enterprise applications and use cases for blockchain technologies. But where will this rise take place?

Proof of Capital, a new venture fund, is advocating Asia as this base – and is putting its money where its mouth is with a reported $50 million investment.

The company, with...

Ernst & Young unveils updates to two blockchain platforms

Ernst & Young (EY) has announced the launch and update of two blockchain-based solutions, namely the zero-knowledge proof (ZKP) private transaction protocol and a second generation of its blockchain analytics tool, known as the Blockchain Analyzer.

The ZKP private transaction protocol has been released into the public domain to expedite secure and private transactions over public blockchains, which will help enterprises and investors who are unable to conduct such secure...

Albertsons to work with IBM Food Trust for greater provenance through blockchain

Grocery giant Albertsons has announced that it will be working with IBM Food Trust in a modular solution built on blockchain technologies.

Both firms will begin piloting the technology to enhance how food is getting traced from farm to a store, the companies announced. Albertsons will be piloting Food Trust in order to trace bulk romaine lettuce from one of its distribution centres in the US.

The company plans to subsequently explore expanding to other food categories...

How Papilio Services is aiming to help Malta solidify its ‘blockchain island’ billing

Last May, The Block reported on a new initiative focusing on utilising blockchain technologies for public transport infrastructure in Malta. The country, as this publication put it, “appears to be one step ahead of many other countries in the race to implement blockchain.”

Yet there is far more to the Mediterranean island than meets the eye. Its location and strategy has made it a viable venue for many stakeholders in the blockchain and cryptocurrency field. Indeed,...

Nitin Manoharan, PMI: How blockchain, AI and IoT can converge to transform FMCG

For Nitin Manoharan (left), IT director at Philip Morris International (PMI), there is a simple epithet for dealing with emerging technologies. “The trend is your friend at the end,” he explains. “You need to make sure that you are riding the trend and not going against it.”

Of course, it is not quite as simple as that. Manoharan’s role at PMI is, as he puts it, two-fold; help introduce technology-led innovation within the company – essentially part of a futurist...

DMarket: On how gaming is a ‘gateway for mass blockchain adoption’

Whether it’s aligning on the content side or providing technology which underpins the games, blockchain within gaming is one of the most interesting use cases. Last month Forte and Ripple announced a $100 million fund for developers who make games based on blockchain technology, while September saw Chinese blockchain gaming platform Cocos-BCX land $40m in funding.

DMarket, which is participating at the Blockchain Expo Global event later this month, aims to provide users with...

INATBA aims to provide ‘predictable, transparent, trust-based framework’ for blockchain

The International Association of Trusted Blockchain Applications (INATBA), comprising more than 100 organisations across the distributed ledger technology ecosystem, has launched with the goal of ‘developing a predictable, transparent, and trust-based global framework.’

The launch, which took place at the European Commission headquarters, revealed strong support from various stakeholders across the ecosystem. Alongside the Commission, some of the firms that had joined the...

Why the blockchain funding scene remains ripe: Cambridge Blockchain, Lucid Sight, Harmony and more

The cryptocurrency markets may continue to fluctuate, but the startup scene for those exploring and integrating blockchain technologies continues to thrive. Cambridge Blockchain, Lucid Sight, Harmony and Liquid.com are four such companies who in the past week alone have secured vital VC funding.

Massachusetts-based digital identity enterprise software provider Cambridge Blockchain has been joined by PayPal in its series A funding round. As part of this investment, both companies...

Jamie Burke, Outlier Ventures: On the ‘anti-social web’ and how tokens and convergence can provide the answer

In March 2018, Deepak Seth wrote an article for CIO.com exploring whether users should get royalties for their ‘digital exhausts’ – the trail of data we provide for a multitude of services owned by the tech giants. Seth cited the Facebook and Cambridge Analytica imbroglio, as well as the then-upcoming GDPR legislation, as a potential tipping point.

“Everyone knows at the back of their mind that given the multi-billion dollar revenues these companies are generating, nothing...