Australian Border Force to work with Singapore on blockchain-based cross-border trade

The Australian Border Force (ABF) has launched a trial with Singapore Customs to use blockchain technology for enabling simpler cross-border trade.

The project, alongside Singapore Infocomm Media Development Authority (IMDA), will use blockchain to test digital verification systems.

As regular readers of this publication will know, the Australian government has put an extensive roadmap in place to explore how the country can capitalise on blockchain technologies. The...

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...

Binance analysis: Bitcoin strengthens as DeFi fades – but great potential for Ethereum 2.0

Bitcoin had its strongest month since April as a surge in Ethereum followed an announcement on its ETH 2.0 upgrade - but the DeFi party 'ends abruptly.'

Those are the key takeaways from Binance's October trading report - the first of which was at the start of this year - which looks to assess the key information and data on trading activity across crypto-futures markets.

In October, Binance noted, Bitcoin gained more than 27%, crossing above the $14,000 mark for the...

Verizon to use blockchain in its newsroom for comms verification

Verizon has announced the launch of a blockchain-based product which aims to provide an authoritative record of changes to company news releases.

Full Transparency by Verizon is a proof of concept built with open source blockchain technology. The product is put together in partnership with AdLedger, a consortium which explores standards for blockchain and cryptography in media and advertising, authentication infrastructure provider MadNetwork, and marketing company...

Estonia’s central bank launches research project to assess digital currency

The Bank of Estonia (Eesti Pank) is launching a multi-year research project to assess the suitability of its e-Government technology in operating a central bank digital currency.

The initiative, in collaboration with the technology companies Guardtime, the long-term blockchain partner of the Estonian government, and The SW7 Group, will focus on a solution based on the KSI Blockchain, a core technology of e-government in Estonia.

The project will also examine new payment...

Ripple pushes for carbon net-zero by 2030, urges all crypto players to be ‘accountable’

Ripple has announced a commitment to be carbon net-zero by 2030, claiming to be the first blockchain company to do so - and has put together partnerships to help achieve it.

The company is partnering with conservation organisations Rocky Mountain Institute and REBA, as well as the Energy Web Foundation, to help 'ensure fintech is sustainable' - a goal Ripple says is 'critical.'

The collaboration with Energy Web Foundation has seen Ripple co-create EW Zero, an open source...

EY ramps up blockchain offering with procurement and visualisation tools

EY (Ernst & Young) has continued its blockchain momentum with two new releases of an enterprise network procurement offering and visualisation tool.

The EY OpsChain Network Procurement tool, built on the EY OpsChain platform, will aim to allow companies to run private, secure, end-to-end procurement activities on Ethereum.

"As more and more companies work as part of global business networks, it has become difficult to manage network-level agreements from inside a...

Software AG gives blockchain a mixed rating in enterprise emerging technology assessment

Blockchain should still be in the 'assess' phase for enterprises with many parts of the technology 'considerably overhyped', according to Software AG.

The German enterprise software firm, in its most recent Technology Radar for IoT and Integration, explored 23 emerging technologies, around connectivity and protocols, information management, analytics and serving, and programming, hosting and operating.

Of the 23, nine were either in or bordering the 'adopt' phase,...

Blockchain spend to hit $4.1bn in 2020 as banking and manufacturing lead ‘robust’ investments

Global spending on blockchain solutions will reach $4.1 billion (£3.18bn) this year at an increase of more than 50% compared to 2019, according to IDC.

The analyst firm's latest Worldwide Blockchain Spending Guide forecast a five year CAGR of 46.9%, reaching a total of almost $17.9bn by 2024.

In total, banking and manufacturing - both process and discrete - will account for approximately half of total blockchain investment this year (below). Finance will be by far the...

British Blockchain Association looks in vain for ‘evidence-based blockchain’ in new report

It may be all well and good touting the efficacy of your blockchain offering, but does it really stack up under scrutiny?

A new paper from the Journal of the British Blockchain Association (JBBA) has explored blockchain technologies on the basis of evidence-based practice (EBP) - with sceptical results.

Evidence-based blockchain (EBB) is defined by the journal as 'conscientious, explicit and judicious decision making based on professional expertise and evidence from...