Hyperledger Fabric 1.0 is released

Hyperledger fabric 1.0 released

Hyperledger Fabric 1.0 has been made available, advancing the enterprise blockchain space a step further. The project was the first of eight Hyperledger projects to be incubated and the first to make the move to ‘active’ status in March. Hyperledger Fabric is a platform for blockchain solutions, underpinning them with a high level of resilience, confidentiality, flexibility and scalability. The logic of the system is built around smart contracts called chaincode that are hosted...

22 banks join SWIFT blockchain PoC

SWIFT global payment innovation

22 global banks have joined the SWIFT blockchain PoC. The company wants to prove that its global payments innovation (gpi) service will help banks reconcile their international nostro accounts (accounts used to facilitate foreign exchange and trade transactions) in real time. Among the new members are global financial behemoths such as JPMorgan Chase, Lloyds and Standard Chartered bank. Wim Raymaekers, Head of Banking Markets and SWIFT gpi, SWIFT, said: "Collaboration is the cornerstone...

First multinational blockchain powered insurance policy announced

Multinational insurance

AIG and Standard Chartered have successfully piloted the first multinational, smart contract based insurance policy. Created in tandem with IBM, the policy, based on Hyperledger Fabric, looks to leverage blockchain to bring increased transparency to the underwriting process. The management of insurance policies that span across multiple legal jurisdictions and countries is a highly complex process. The pilot converted an existing multinational policy into a smart contract that provided...

Thomson Reuters makes BlockOne IQ available to developer community

Thomson Reuters HQ

The world’s leading source of market information and news, Thomson Reuters, has taken another large step into the blockchain space. The company has released a ‘smart oracle’ to the blockchain ecosystem for ‘lean experimentation purposes’. BlockOne IQ allows organisations to incorporate real market data into their applications, with cryptographic proof that the data came from Thomson Reuters. Sam Chadwick, director of Strategy in Innovation and Blockchain at Thomson Reuters,...

NEC Corporation joins Hyperledger project as premier member

NEC Corporation has joined the Hyperledger project as a Premier member of the project, while the head of NEC’s FinTech Business Development Office will join the Hyperledger Governing Board. Brian Behlendorf, Hyperledger executive director, said: “NEC joining as a Premier member further broadens Hyperledger's global footprint and is great to see. As an innovative leader in efficient social and technical solutions, we're excited for the value and expertise they can bring to Hyperledger to...

Hyperledger graduates Sawtooth and Iroha to active status

Data nodes

Hyperledger has announced that two of its hotly anticipated projects have been moved from incubation status to active. The Hyperledger Technical Steering Committee has granted the requests of the maintainers of the Sawtooth and Iroha projects to expand their operations from their initial contributors. The committee agreed that both projects had satisfied the incubation exit criteria put in place. Among these criteria are that there has been sufficient test coverage and the infrastructure...

PokitDok and Intel announce smart contract healthcare solution

PokitDok has announced that it will be utilising Intel blockchain technology and Hyperledger Sawtooth to advance its healthcare solution. Dokchain, PokitDok’s blockchain for healthcare, uses smart contracts to manage and resolve patient identities, control access to personal health records, automatically adjudicate healthcare claims and underpin the complex supply chain of medical environments. Hyperledger Sawtooth is an open source blockchain project that Intel contributes...

Bank of England opens potential blockchain payments method

The Bank of England (BOE) is looking at options for the basis of a new payment system that will deliver a ‘resilient, flexible and innovative sterling system.’ The current real-time gross settlement (RTGS) is at the heart of the UK’s payment infrastructure. It is where financial institutions hold their sterling bank accounts. On an average day, the system settles around £500 billion between banks. The BOE believe that a new RTGS is needed to respond to the changing structure of...

IBM and Maersk release supply chain solution

IBM and global transport and logistics giant Maersk have announced a ‘global trade digitisation solution’ aimed at the cross-border supply chain. The solution uses blockchain to manage transactions between the complex web of shippers, freight forwarders, ocean carriers, ports and customs authorities that transport goods and materials across the world’s seas. Based on the Hyperledger Fabric, the system will look to track the paper trail left in the wake of the tens of millions of...

Project looks to use blockchain to improve copyright data efficiency for musicians

A new project is looking to use blockchain to create an innovative new shared system for managing authoritative music copyright information. The project is a joint initiative between three of the largest member-owned collection societies in the world: the American Society for Composers, Authors and Publishers (ASCAP), the Society of Authors, Composers and Publishers of Music (SACEM) and PRS for Music. The goal of is to create a prototype shared, decentralised database for collecting,...