SIMBA Chain secures $1.5 million Navy contract for blockchain demand sensing

SIMBA Chain, an Indiana-based blockchain technology provider, has been awarded a $1.5 million contract from the US Office of Navy Research to 'design and build a blockchain solution to enable demand sensing.'

The contract, which falls under the Small Business Innovation Research (SBIR) Phase II branch, will see SIMBA Chain develop a demand sensing solution for the Defense Logistics Agency. Demand sensing is used by the US military to ensure critical replacement parts for weaponry...

13 January 2021 | Government

ISACA offers guidance for enterprise blockchain initiatives with new framework

ISACA, the association focused on security and governance for IT professionals, is looking at how enterprises can safely make the most of blockchain technologies with the launch of a new framework.

The framework, which can be found in the Blockchain Framework and Guidance report, looks to help enterprises answer three questions with regard to implementation:

Do the proposed blockchain control objective domains adequately cover risk vectors and business process objectives...

11 January 2021 | Enterprise

Blockchains acquires PayPal-backed Cambridge Blockchain to beef up identity play

Software development company Blockchains has announced the acquisition of Cambridge Blockchain, a Massachusetts-based blockchain identity management and compliance provider.

Cambridge Blockchain, which notably secured funding from PayPal in its series A round last year, has two products which aim to strike a balance between trusted, distributed identity to organisations and returning control of personal data back to users. IDBridge focuses on digital identity management through...

2 December 2020 | M&A

Chainalysis secures $100m series C funding to scale with crypto surge

Chainalysis, a provider of blockchain data and analysis across multiple sectors, has raised $100 million (£74.9m) in series C funding - citing a 'surging' cryptocurrency market as key to future investment.

The funding round is the second for the New York-based company this year, having extended its series B to $49m in July.

"As institutional dollars flow into this newly regulated and increasingly mainstream asset class," the company wrote, on crypto, "Chainalysis will...

26 November 2020 | Cryptocurrency

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...

19 November 2020 | Applications

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...

16 September 2020 | Cryptocurrency

Blockchain can be key to immunity passport success – but science must dictate rollout

The COVID-19 pandemic has ignited a reassessment of the role that technology can play in tackling health crises, as well as citizens’ right to privacy. This is particularly the case in the ongoing development of contact tracing apps, which have been heralded as the ticket out of the pandemic.

Another tool that has been suggested as one way of bringing the crisis under control – and has gained more and more attention over the last few weeks – are so-called ‘digital immunity...

29 May 2020 | Healthcare

Chainalysis announces global rollout of anti-money laundering compliance solution for Tether

Blockchain analysis provider Chainalysis has announced the global launch of its compliance solution in partnership with Tether.

Chainalysis Know Your Transaction (KYT) for Token Issuers is a real-time anti-money laundering (AML) compliance solution that monitors a token from issuance to redemption.

Jonathan Levin, co-founder of Chainalysis said: “Stablecoins like Tether, which peg their value to other assets, were developed to appeal to mainstream audiences who are...

14 February 2020 | Banking

Sacramento Kings to auction and verify memorabilia through Consensys-powered platform

The Sacramento Kings have partnered with ConsenSys to introduce a new auction platform that allows users to bid live on in-game sports gear through the latter’s supply chain product Treum. Each auctioned item will be authenticated on this platform, giving fans assurance that every single gear they intend to buy is authentic.

The auction platform will be available via Kings.com/Auction and the award-winning Sacramento Kings + Golden 1 Center app and Kings.com. Fans would be able...

16 January 2020 | Applications

MPC Alliance launches to further multi-party computation message

Consortia are increasingly being seen as the way forward when it comes to true consensus across adoption of blockchain technologies – and the newly-launched MPC Alliance can be seen as the latest example.

The Alliance, which makes its public debut at the Blockchain Expo North America event today, focuses on ‘improving the security and privacy of personal and professional data through the application of privacy-preserving secure multi-party computation (MPC)’, in the...

13 November 2019 | Regulation