Canadian government chooses Mavennet to develop on-chain steel tracking platform

Mavennet, a Toronto-based blockchain startup has announced that it has received a contract from the Canadian government to develop an on-chain steel tracking platform.

In November, the Innovation, Science and Economic Development of Canada (ISED) published a procurement award that will fund the R&D project for six months with CD $169,427 (£98,300). As per the contract, Mavennet will be aiming to build a blockchain proof-of-concept prototype that will be able to track...

Everest Group enterprise managed blockchain analysis places IBM and Microsoft at the summit

The enterprise managed blockchain, or blockchain as a service (BaaS) space, is one which though nascent has many of technology’s fastest horses running in the race. Amazon Web Services (AWS) and Microsoft, who continue to conduct their battle for cloud infrastructure, have well-known stakes in blockchain, as well as many of the ‘second tier’ cloud provides, from Alibaba Cloud, to IBM, to Oracle.

A new report from Everest Group has assessed the runners and riders in managed...

Alibaba affiliate Ant Financial to launch enterprise blockchain platform – reports

Ant Financial Services Group, an offshoot of eCommerce giant Alibaba, will reportedly be launching its enterprise-centred “Ant Blockchain Open Alliance” platform later this month.

On January 8, as reported by CoinTelegraph, local news agency Bihai123 reported that Jiang Guofei, the Group’s VP and the president of Ant’s smart technology business group, stated the network has been live in beta as of November 2019, and will soon be introduced as a fully operational...

Oil & Gas Blockchain Consortium goes ahead with project around expense approval

The OOC Oil & Gas Blockchain Consortium has collaborated with Canadian software firm GuildOne to successfully test the industry’s first blockchain application for Authorization for Expenditure (AFE) balloting.

AFE focuses on cost and expense approval, particularly in the upstream oil and gas process whereby large expenditure is required with regards to exploration, development, and production.

Integrating blockchain to conventional AFE balloting would streamline...

Fewer executives are talking about blockchain in earnings chat – but there’s no call for concern

According to recent analysis from market intelligence platform provider CB Insights, the use of the word 'blockchain' in executive earnings calls has dipped significantly in 2019. But don't expect it to be a terminal diagnosis.

The CB Insights figures, as reported by Crowdfund Insider, found a similar decline for the term 'cryptocurrency' and its associated brethren. At the beginning of 2018, executive mentions of blockchain topped 250 in the quarter, whereas the figure slips to...

Bitfury unveils enterprise-grade Exonum platform

Bitfury Group has announced the launch of Exonum Enterprise, a full-service blockchain division building on Bitfury’s Exonum blockchain framework.

With the launch of this “blockchain as a service” offering, governments and companies will easily be able to design as well as launch private blockchain projects. Exonum Enterprise platform has also introduced a number of latest features to benefit clients. The features include Bitfury DevOps support, a full-service dashboard...

Buterin and Cohen Twitter feud: Exploring blockchain scalability, sharding, and payment channel networks

Vitalik Buterin, the founder of Ethereum, argued in a recent blog post that the scalability problem in blockchain was being tackled ‘great’ in theory amid a need for more real-world testing. Yet many industry figures did not agree.

Bram Cohen, founder of BitTorrent, called Buterin’s opinions ‘wrong-headed’, while Blockstream CEO Adam Back noted that the Ethereum founder’s words of wisdom were ‘like looking to [Theranos founder] Elizabeth Holmes for the state of...

Buy, borrow, or build? For enterprises looking to blockchain, it’s time to get the plan right

Opinion In the past few years, the progression of blockchain has been a phased evolution traced through three main stages: education, prototype, and deployment. On the enterprise front, the industry has done an admirable job of laying down the groundwork for education and developing ideas at the prototype level. And yet, moving forward, the time has come to shift gears, ensuring the industry’s seamless transition to the next stage of production.

To a large extent, this will be...

Hyperconnected supply chains: IBM’s Pramod Achanta on blockchain teamwork

For those who regularly study blockchain technologies and the impact they are having on business, the change to supply chains across various industries is inarguable. The combination of creating efficiency, as well as transparency, is an irresistible story – as IBM will be happy to tell you.

Take shipping as a key example. Shipping is an industry where the value of distributed ledgers is rapidly being realised, with good reason: from sender to receiver, and from shipper to...

Q&A: Dale Chrystie, FedEx: On building the ‘big global village’ for blockchain development

In April this year, Rob Carter, the CIO of courier giant FedEx, argued that, for all of the hype and projects related to the blockchain industry, a need for collaboration is vital. Take the fledgling rail industry in the United States in the 19th century as an example; only an act of Congress in 1863 forced through the adoption of an industry-standard gauge, enabling unified development.

For blockchain technologies, Carter argued, a similar initiative needs to take place. Given...