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...

PwC: Blockchain technologies could boost global economy to tune of $1.7 trillion by 2030

A new analysis from PwC estimates blockchain technologies could spark a $1.7 trillion boost in the global economy by 2030 - with the UK set to benefit to the tune of £57 billion ($72bn).

The findings come from a report which is part of a series exploring the economic impact and use cases for emerging technologies. PwC said its analysis 'showed the potential for blockchain to support organisations in how they rebuild and reconfigure their operations', particularly in the...

KPMG reveals idea for blockchain tool to help measure greenhouse gas emissions

KPMG has announced the launch of a blockchain-based offering intended to help organisations more accurately measure and offset greenhouse gas emissions.

The patent-pending capability, known as Climate Accounting Infrastructure (CAI), will integrate a company's existing systems, including IoT sensors, with external data sources to establish a verifiable data trial of emissions recorded on blockchain.

The professional services firm is working with a variety of partners to...

Blockchain patents ‘skyrocketing’ in 2020 with Alibaba leading the way, says study

Blockchain patents are 'skyrocketing' in 2020 with Alibaba by far the leading publisher, according to a new study.

The research, from IP consulting provider KISSPatent, found Alibaba had published 10 times more blockchain-related patents than IBM, in second place, in 2020.

The study came about to better assess the number of blockchain innovations and patents across the spectrum. KISSPatent used multiple methods to identify them, primarily based around a mixture of...

Most cloud-native attacks looking to mine cryptocurrency, report warns

A new threat report from Aqua Security has revealed the majority of attacks analysed on cloud-native infrastructure were for mining cryptocurrency - with a 'growing, organised and increasingly sophisticated' pattern of attacks noted.

The report, from Team Nautilus, Aqua's cybersecurity research unit, detailed a year's worth of attacks observed in the wild, looking at methods used to attack container infrastructure for the first time. The report also highlighted supply chain...

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...

Voatz says its blockchain voting platform complies with federal guidelines

Mobile voting provider Voatz has announced its platform is compliant with federal voting system guidelines, after 'comprehensive' testing by an independent lab.

Pro V&V, a software and systems third party test laboratory, authored a 47-page report which concluded that Voatz 'meets the applicable requirements set forth for voting systems' according to US Election Assistance Commission (EAC) guidelines.

The testing, which took five months, assessed Voatz in various...

Volvo doubles down on blockchain play with Circulor investment

Volvo has announced an investment in Circulor, a blockchain technology provider, as the company looks to further its ambitions in the sector.

The investment in Circulor is focused on providing greater traceability for cobalt in Volvo's supply chain, with Volvo Cars Tech Fund, the venture capital arm of the automotive manufacturer, contributing alongside SYSTEMIQ, Total Carbon Neutrality Ventures and Plug & Play.

Cobalt is used significantly in lithium ion batteries,...

Deloitte’s 2020 Global Blockchain Survey: How blockchain is becoming a ‘true strategic priority’

Blockchain is undergoing a 'compelling' evolution from being an experimental technology to a true strategic priority for organisations, according to Deloitte's latest Global Blockchain Survey.

The study, the third edition which polled almost 1,500 senior executives across 14 countries, found that two in five (39%) companies had already moved their blockchain projects to production - a significant climb from 23% this time last year.

This makes for interesting reading when...