Horizon secures $5 million in series A funding for blockchain as a service mission

Horizon, a New York-based blockchain as a service (BaaS) solutions provider, has announced a $5 million (£3.85m) series A funding round in order to further enhance and boost the operations of its proprietary technology.

The company offers full-stack digital securities issuance, compliance, and secondary trading technology which it markets to licensed, regulated financial institutions globally. According to the company, this series A round will support the growth of Horizon’s...

Cisco and IBM win new blockchain patents around 5G networks and package theft

Cisco has won a new patent detailing how the company could leverage blockchain to secure data in 5G telecommunication networks.

As per a November 26 filing from the US Patent and Trademark Office (USPTO), Cisco submitted a patent application in June 2018 for a blockchain platform that can be natively integrated in wireless networks. “This service-oriented architecture supports network slices, which employ an isolated set of programmable resources that can implement individual...

NatWest and Coadjute form blockchain consortium to streamline home buying in UK

NatWest, alongside Coadjute, is forming a new distributed ledger technology consortium with the aim of streamlining the process of home buying in the UK.

As first reported by Forbes, through this consortium the home buying process could aim to be cut down to three weeks from several months. Some of the other software providers which are also part of the consortium are Redbrick Solutions Conveyancing Software, Search Acumen Property Data, Dezrez Estate Agency Software, Conveyancing...

Buterin and Cohen Twitter feud: Exploring blockchain scalability, sharding, and payment channel networks

Vitalik Buterin, the founder of Ethereum, argued in a recent blog post that the scalability problem in blockchain was being tackled ‘great’ in theory amid a need for more real-world testing. Yet many industry figures did not agree.

Bram Cohen, founder of BitTorrent, called Buterin’s opinions ‘wrong-headed’, while Blockstream CEO Adam Back noted that the Ethereum founder’s words of wisdom were ‘like looking to [Theranos founder] Elizabeth Holmes for the state of...

Juniper: Blockchain will save the food industry $31bn by 2024 – thanks to IoT convergence

Where some analysts take a bleak view of blockchain, Juniper Research is much more optimistic regarding the technology. The company's latest viewpoint argues that blockchain technologies would save the food industry $31 billion by 2024.

The figure comes from various hypotheses, the primary of which is blockchain's burgeoning relationship with Internet of Things (IoT) technologies. The use of IoT sensors and trackers will reduce retailers' costs by streamlining supply chains....

Thailand considers using blockchain technology to prevent VAT fraud for oil exports

A number of government departments in Thailand are turning their head towards blockchain technology for the oil industry, recent reports argue.

As reported by Ledger Insights, Thailand’s Excise Department has announced its partnership with Krungthai Bank in order to make use of distributed ledger technology for tax refunds to oil exporters and also prevent VAT fraud in the country.

By making use of blockchain, the excise department will have a clearer picture of the...

Hahn Air claims first real-world airline ticket delivered through blockchain

Germany’s Hahn Air recently used the open-source travel distribution platform Winding Tree to issue the world’s first airline ticket powered by the blockchain technology, the company announced.

Hahn has also become the first airline company to fly passengers holding blockchain-powered tickets on its flight that took off from Dusseldorf to Luxemburg on November 18.

The Winding Tree platform allows Hahn Air to list its inventory and manage their reservation requests...

Report finds nearly $700m in cumulative funding invested into energy blockchain development since 2015

A new report from Navigant Research states that 236 vendors, 254 projects and nearly $700m in cumulative funding has been invested into energy blockchain development since 2015 across five global regions.

Johnathon de Villier, research analyst with Navigant Research, said: “Key findings from our analysis highlight the shift in focus away from transactive energy (TE) and peer-to-peer electricity trading toward pragmatic use cases with shorter maturity horizons and proven business...

Nestlé and Carrefour use blockchain for infant nutrition range

Nestlé and Carrefour have collaborated on a blockchain project wherein the technology is being applied to infant nutrition to improve customer buying experience in terms of transparency and product quality.

The technology will be used on the Swiss food and beverage giant’s entire Guigoz Bio 2 and 3 infant milk range that will allow shoppers to access complete information about the supply chain used to bring the product to the shelf through a scan of a QR code on the...

IBM and VetBloom to form veterinary group focused on blockchain-based learning credentials

IBM and VetBloom, a provider of online veterinary courses and continuing education, are joining hands to establish a group focused on the application of blockchain for learning credentials in the veterinary industry.

The group will aim towards creating a framework for competency-based medical education by means of digital badges in order to back credentialing.

Still at its nascent stage, learning credentials on IBM’s blockchain will utilise this technology to generate...