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...

Oil and gas blockchain consortium says successful water haulage pilot is ‘tip of the iceberg’

The OOC Oil & Gas Blockchain Consortium has announced the competition of a first successful pilot around water haulage.

The project, which was developed in partnership with Data Gumbo, involved automating the water haulage process, from field readings to invoice payments. It is claimed to be the first industry-wide use of a blockchain-native network - Data Gumbo's GumboNet network -for produced water haulage.

Initial results of the pilot include reducing the current...

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...

Libra changes course after regulatory hurdles with more ties to local currencies

Meet the new Libra - not quite the same as the old Libra. The Facebook-backed digital currency initaitive has today launched a redesigned roadmap after encountering blowback from regulators.

The vision for Libra is now to create a more traditional payment system tied to local currencies, including USD, EUR and GBP. The Libra coin (LBR) - therein the original concept of a digital currency backed by assets - remains, but as co-creator David Marcus noted, will be a "smart contract...

ASX postpones launch of blockchain stock exchange programme amid Covid-19 pandemic

The Australian Securities Exchange (ASX) has announced the postponement of the launch of its blockchain stock exchange platform, the Clearing House Electronic Subregister System (CHESS), due to the current coronavirus outbreak.

In a press statement, the company said: “In light of recent events, ASX is re-planning the implementation of the CHESS replacement system. We are conscious of the importance of providing a new schedule, and the need to get the valuable input of CHESS...

Kaspersky unveils new blockchain-based voting machine – reports

Blockchain - voting

Kaspersky Lab has introduced a voting machine based on Polys, a blockchain-based online voting system.

Kaspersky’s new voting machine would work like distributed ledger technology wherein the votes would be encrypted and the link between the voters would be verified, after which they will be able to confirm their vote that has been recorded on the blockchain.

The new system would aim to help reduce the possibility of fraud by verifying voters, as they would be able to...

China blockchain investments fell sharply in 2019 – but hope for ‘healthier development’ ahead

China’s blockchain startups saw cumulative funding to the tune of just under $3.5 billion in 2019, according to a new report.

The study, from Xinhua Finance and Rhino Data, found that a total of 245 investments had taken place with a total figure of approximately 24 billion yuan ($3.48bn, £2.66bn). The volume of investments, as well as the money raised, represent a roughly 50% decrease from 2018. The report notes hope for healthier development in 2020 with more rational capital...

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...

How blockchain could be used for traceability: Watermarking data in time, place and identity

Opinion Blockchain has been one of the most widely discussed technologies in recent years, since its first application acting as a platform for the transaction of Bitcoin. Since then, the revolutionary technology that touts decentralisation of data has been applied to a number of industries for its element of trust as it is not native to one location or computer, exists publicly and each transaction is verifiable.

Despite a prediction from Global Analyst House Forrester in 2018,...

How IBM is looking long-term to enable a business as usual blockchain future

At the recent Blockchain Expo Europe event in Amsterdam, several of the use cases presented focused on particular industries, from FMCG, to finance, to automotive. Yet to truly understand blockchain technologies – as these examples all proved – you have to go beyond an industry-centric mindset and paint a fuller picture.

IBM, who had an extensive presence at the event, had its own automotive example it was showcasing, through its work with Vinturas. Using IBM’s blockchain,...