SettleMint looks to blockchain self-sovereign identity with IdentiMint

A core tenet of blockchain technologies is trust - but not just from a standpoint of having records on an immutable ledger. The concept of blockchain for digital identity - enabling 'more secure management and storage of digital identities by providing unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems', as ConsenSys puts it - is increasingly key.

One essential part of this, from the user side, is...

Everledger and Rare Carat continue partnership for blockchain diamond provenance

Rare Carat, a jewellery marketplace provider, and blockchain technology firm Everledger are teaming up to deliver greater transparency and sustainability information on diamonds in the former's marketplace.

The companies noted the latest Everledger platform 'specifically aids demand generation for retailers searching for diamonds based on their sustainability efforts, credentials and compliance standards', as well as 'matching suppliers who want to securely share this valuable...

Cardano is ‘building bridges’ to Ethereum with new KEVM testnet

Cardano is launching a new KEVM (K Ethereum Virtual Machine) to build a bridge with the leading smart contract platform’s developers.

Charles Hoskinson, Founder of Cardano and CEO of IOHK, was a co-founder of Ethereum. 

Disagreements over Ethereum’s direction led Hoskinson to create Cardano, taking a more academic approach to its development and fixing the notorious problems which have plagued the largest smart contract platform.

Cardano launched after...

JP Morgan completes successful blockchain-based repo transaction

JP Morgan has announced a successful blockchain-based repo transaction - with the potential to reduce such payments to hours rather than days.

The intraday repo transaction, between JP Morgan's broker dealer and banking entity, was settled on both ends through blockchain technology. The cash leg used JPM Coin, a digital coin designed for instantaneous payments, to facilitate the transaction.

"The repo market provides a widely used form of secured financing, however...

Singapore strides ahead in blockchain with new innovation programme and trade network

The government of Singapore has announced a number of initiatives aimed at increasing real-world adoption of blockchain technologies.

Speaking at the Singapore Blockchain Village Peter Ong, chairman of Enterprise Singapore (ESG), ushered in a new Singapore Blockchain Innovation Programme (SBIP). The programme will engage various companies, from large enterprises to technology providers, to help 'facilitate the development effort and use cases for blockchain technologies in...

How the global Covid-19 pandemic has ended blockchain market volatility

IT vendors seeking to convince CIOs and CTOs about their blockchain-related solutions have been challenged by an apparent shift in market perception. Distributed ledger technology hype reached a peak and as a result, the upside growth potential had fallen significantly.

Global blockchain revenues fell by 35 percent between 2018 and 2020. According to the latest worldwide market study by ABI Research, the potential loss could have reached $2.8 billion.

Moreover, the...

IOTA moves into research for blockchain and IoT with Austrian university

The IOTA Foundation is working with the Institute for Information Systems Engineering at TU Wien on blockchain and Internet of Things (IoT) research.

The Christian Doppler Laboratory Blockchain Technologies for the Internet of Things (CDL-BOT), named after the famous Austrian mathematician, is a project expected to run for seven years in total.

For IOTA, whose modus operandi is in the sweet spot between distributed ledger technology (DLT) and IoT technology, this makes...

Bayer explores agricultural blockchain network with BlockApps

Enterprise blockchain platform provider BlockApps has launched the TraceHarvest Network in collaboration with pharmaceutical giant Bayer.

The initiative is claimed to be the first blockchain solution of its kind to track and trace the full lifecycle of agricultural products beginning with the seed source. Other solutions are available, about which this publication has reported, including Cargill and Agrocorp's test to procure wheat cross-continent on a blockchain platform, yet...

MIT paper says blockchain may ‘introduce additional problems’ for voting systems

A scathing report from researchers at the Massachusetts Institute of Technology (MIT) has noted moving from internet voting to blockchain-based voting may be 'going from bad to worse.'

The paper was authored by Neha Narula, director of MIT's digital currency initiative (DCI), Sunoo Park, Ronald L. Rivest, one of the creators of RSA encryption, and Michael Specter. The authors argued studies were 'inconclusive' with regard to online voting, potentially even increasing...

Datarella and Fetch.ai Munich smart city parking trial to utilise blockchain and AI technologies

Datarella, a provider of distributed ledger and blockchain technology, and artificial intelligence (AI) startup Fetch.ai are working on a smart city trial for parking in Munich.

The project, called M-ZONE, will be launched at the Connex business estate. Assuming a 10% reduction in car usage in Munich alone, the companies forecast the project could reduce annual CO2 emissions by 34,000 tonnes each year.

There are several factors at play in this project. Through what are...