Chevron, Total, and Reliance Industries sign up for blockchain management platform Vakt

Post trade management platform VAKT has announced three new strategic investors – in the shape of oil and gas giants Chevron, Total, and Reliance Industries.

The companies, who are among five of the world’s top 10 largest oil and gas companies by market capitalisation, will also become early users of the company’s blockchain-enabled offering.

Chevron, Reliance and Total are among the five of the world’s top ten largest oil and gas companies by market...

Exploring Crest Token: A startup looking to combine blockchain and AI to help digital marketers

The promise of blockchain technologies infiltrating digital marketing and digital advertising has been mused upon at length. “Blockchain technology will truly come into its own in markets where there are intermediaries between the buy and sell side,” explained Greg Isbister, CEO of adtech firm Blis in September. A month later, Brian Xie, chairman of the Adrealm Foundation, added that such a proof of work could “look to create value by nourishing those industry best practices which...

IBM puts forward blockchain for scientific research in latest patent filing

IBM has long been the leader when it comes to patents – the company’s inventors received more than 9,000 in 2017 and has been top of the charts for 25 consecutive years. The latest patent to come out of Big Blue focuses around how blockchain technologies can be utilised for scientific research. “In an example, the blockchain system can form a blockchain representing a research project, wherein the blockchain comprises a first block of research data and a second block of analysis data...

Toyota sees 21% lift in ad campaign performance owing to blockchain technology

The automotive industry has recently seen what is being said to be the sector’s first ever blockchain-powered ad campaign that was led by Toyota, along with blockchain advertising analytics company Lucidity, and international ad firm Saatchi & Saatchi. The main purpose of this collaboration was to introduce transparency into Toyota’s digital ad campaign buy, removing wasted spend. The carmaker witnessed a 21% lift in performance owing to Lucidity-optimised campaign. Lucidity provides...

How blockchain will help you take control of your health data

Exciting advances in precision medicine over the past decade should mean you and your family are now receiving advanced levels of healthcare and disease prevention based on your genetic makeup. Researchers and health professionals across the world should be enjoying access to a vast resource of genomic sequencing data and health records – helping them discover cures and treatments for every type of disease. However, the reality is far different. An ocean of data about your health and...

Asian messaging app Kakao tests UX-focused dApp creator for ‘mass users’

One of Asia’s biggest messaging platforms, South Korean-based Kakao wants to speed up the mass adoption of distributed ledger technology (DLT) by focusing on user experience (UX) accessible to the average end user.   A product of its blockchain subsidiary GroundX, the company has announced the testnet of Klaytn, a solution for the creation of decentralised applications (dApps) which will launch in mainnet in the first quarter of next year, pending initial trials. “Klaytn UX seeks to...

Microsoft, Amazon ‘will benefit’ from multi billion-dollar blockchain opportunity

The adoption of blockchain technology by tech firms, including Microsoft and Amazon, will become a multi-billion dollar opportunity, according to estimates by the Bank of America. The forecast was based on the assumption that 2 percent of servers (at $5.5K per server) will one day run on blockchain. On this basis, the bank estimates that the market could be worth $7bn, although analysts did not put a timestamp on it given current rates of adoption. When blockchain does begin to go...

Air France-KLM is exploring ways to cut out middlemen with blockchain

Air France-KLM, the world’s fifth-largest airline, has partnered with blockchain-based travel booking specialist Winding Tree to explore ways the technology could cut costs to its customers and increase profits by cutting out the middlemen. The airline hopes the partnership will provide a “more advantageous travel offer for customers which is more profitable for partners” by reducing or eliminating intermediaries in the purchase process. Any specifics in the official press release,...

Q&A: Why IBM is working on a decentralised blockchain architecture for IoT

The computing giant IBM is becoming an established label in blockchain innovation, with numerous projects in action well beyond the experimentation phase. Just in the last month, the firm launched TradeLens with shipping behemoth Maersk - offering a shipment-tracking network across 20 port and terminal operators and 235 marine gateways globally. That’s as well as rolling out a cross-border payments platform WorldWire, making it possible for financial institutions to clear and settle...

Ubisoft, ConsenSys & more unite to form Blockchain Game Alliance

A raft of leading gaming and blockchain companies have come together to form the Blockchain Game Alliance (BGA), a coalition dedicated to advocating the use of the technology in the gaming industry. The BGA will serve as an open forum for knowledge-sharing and collaborative research which “fosters new ways to create and play games” with blockchain technology; “Our ultimate goal is to help spread the integration of blockchain by developing common standards and best practices,” reads...