EY, ConsenSys and Microsoft team up for Baseline enterprise Ethereum project

Ernst & Young (EY), ConsenSys and Microsoft are coming together to form a protocol which aims to make Ethereum ‘safe and effective’ for enterprise usage.

Making blockchain technologies enterprise-friendly has long been a goal of the industry; the key part being increasing the transaction speed to deal with complex organisational goals. The efforts of the Enterprise Ethereum Alliance (EEA) and Foundation aside, Ethereum has so far struggled on this front, although...

R3 paints optimistic look on enterprise blockchain adoption as companies become ‘smarter’

A new report from R3 paints an optimistic picture for enterprise blockchain initiatives, with companies learning more around how the technology works and delivery increasing.

The report, titled ‘Blockchain: 2020 Vision’, argues that delivery issues, rather than disillusionment, led to the slowdown. In other words, putting these things together takes time; companies who have been working on privacy, performance, and enterprise integration in 2018 and 2019 will see success in...

John Calian, SVP, Deutsche Telekom: How blockchain brings trust to the emerging M2M economy

“Think about all of your interactions, whether it’s humans dealing with humans or humans dealing with machines,” John Calian, senior vice president and head of T-Labs at Deutsche Telekom, explains. “How do you trust things?”

The concept of trust, so central to the rise in blockchain technologies, is one where consumers are increasingly gaining power. But there is a long way to go. A report from the NYU Stern Center for Business and Human Rights in September predicted...

Kaspersky unveils new blockchain-based voting machine – reports

Blockchain - voting

Kaspersky Lab has introduced a voting machine based on Polys, a blockchain-based online voting system.

Kaspersky’s new voting machine would work like distributed ledger technology wherein the votes would be encrypted and the link between the voters would be verified, after which they will be able to confirm their vote that has been recorded on the blockchain.

The new system would aim to help reduce the possibility of fraud by verifying voters, as they would be able to...

Global market for blockchain applications in microgrids to surpass $1.2bn by 2028, says Navigant

The latest report from Navigant Research has predicted that the global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2b by 2028, experiencing a compound annual growth rate (CAGR) of 67.8 per cent from 2019-2028.

The report, which examines trends driving the development of blockchain applications for both microgrids, states that the microgrid vendors and energy blockchain vendors are exploring more and more use cases wherein...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Riot Blockchain to scrap crypto exchange and further pursue mining

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

The greater move to mining has been coming, with Riot recently...

Northern Data and Canaan collaborate on blockchain and AI development

Blockchain solutions and datacenter provider, Northern Data has announced its cooperation with Canaan, a blockchain technology firm, in order to bring development in the area of artificial Intelligence, blockchain technology and data centre operations.

Integrating Canaan's expertise in the fields of AI chip development and ASIC hardware with Northern Data's initiatives in data centre and blockchain infrastructure at scale will offer both firms a solid bedrock to develop and...

National Stock Exchange of Australia building blockchain system with new partnership

The National Stock Exchange of Australia has announced that it has partnered with fintech firm iSignthis in order to develop a blockchain-based settlement and clearing system called ClearPay.

The system will help to offer digital asset trading as well as settlements in real-time. It could also be used to make fractional trading—the option to say, buy a fraction of an Apple stock—possible. ClearPay is expected to be launched in early 2021 after which the National Stock...

Tech Mahindra and Telangana government launch blockchain accelerator program

India-based IT service firm Tech Mahindra has launched an inaugural accelerator program called T-Block Accelerator for Telangana Blockchain District in partnership with the state government and IBC Media, an innovation management firm.

According to the company, the initiative is focused on startups that have a strong blockchain use case, boosting the growth of startups and contributing to overall industry growth.

With the help of this initiative, Tech Mahindra will...