Russia’s Largest Bank Buys Commercial Bonds on a Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russia’s first commercial bond transaction using blockchain technology. In an announcement, MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the country’s National Settlement Depository powered by smart contracts technology. Based on the Hyperledger Fabric, a production-ready blockchain software developed by the open-source Linux Foundation-led Hyperledger consortium,…

Blockchain and AI Combine to Power Modern Technological Advancement

Join our community of 10 000 traders on Hacked.com for just $39 per month. Presently, there is an increased pace in the areas of technological development when compared to the progress achieved over the last couple of decades. This exponential increase springs off the dashboard of the internet and the numerous millennial technologies that are being built on top of it. These emerging developments are leading us to a smarter world where identified redundancies are eliminated, bringing to the fore more direct and productive solutions. Effective cost management through the…

From JPMorgan to Blockchain Startup: Amber Baldet Unveils ‘Clovyr’

Join our community of 10 000 traders on Hacked.com for just $39 per month. Former JPMorgan blockchain lead Amber Baldet unveiled her new startup project, Clovyr, at the Consensus conference in New York on Monday. Baldet left her position at JPMorgan in April to work on Clovyr. She led JPMorgan Blockchain Center of Excellence and helped the firm succeed with open-source initiatives, such as Quorum. In a strange juxtaposition, her successful tenure at JPMorgan coincided with CEO Jamie Dimon’s bitcoin bashing. Clovyr is composed of a suite of tools for blockchain…

Alibaba’s Jack Ma Joins the Bitcoin Bashing Brigade but Backs Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jack Ma has joined the bitcoin bashing brigade, although he remains keen on blockchain. Ma, chairman of Alibaba and considered China’s richest man, said during the second World Smart Conference in Tianjin that bitcoin is a bubble, according to a local industry report. In the past, he has said he does not understand bitcoin but had not previously gone as far as calling it a bubble.   Like many other bitcoin bashers, Ma remains positive regarding…

Israel’s Public Stock Exchange Unveils Blockchain Securities Lending Platform

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Tel Aviv Stock Exchange (TASE) has announced the development of a blockchain-powered securities lending platform that the bourse operator believes will enable direct lending among all major financial instruments in the country. Calling it ‘one of the first projects of its kind in the world’, the TASE says its new ‘Blockchain Securities Lending (BSL)’ project will fundamentally transform the domestic market by harnessing several of blockchain technology’s core facets including direct peer-to-peer transactions, smart contracts…

Korea Customs Authority to Test Blockchain Clearance System for Imports, Exports

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Korea Customs Service (KSC) is reportedly due to test a blockchain-based system to verify data and shipments during imports and exports with over 50 companies domestically. According to the Korea Times, the KCS is developing a customs data platform powered by blockchain technology in an effort to boost enhance the efficiency of a customs-clearing process that has long-relied on paper and is notoriously inefficient due to human error. Specifically, the real-world test will check if…

Electronics Giant Foxconn Leads $7 Million Series A in Blockchain Startup

Join our community of 10 000 traders on Hacked.com for just $39 per month. Digital identity startup Cambridge Blockchain has closed as $7 million Series A round of financing led by Taiwanese manufacturing giant Foxconn’s investment arm. Announced Tuesday, the $7 million financing round also included previous investors Partech and Digital Currency Group, who injected new capital and converted the startup’s outstanding debt in exchange for equity. Partech general partner Romain Lavault specifically highlighted the startup’s enterprise data management software finding its first customers in the European market that will…

HPE, Nokia Tap Streamr To Allow Consumers To Monetize Blockchain Tokenized Data

Join our community of 10 000 traders on Hacked.com for just $39 per month. Nokia and Hewlett Packard Enterprise have teamed with a Swiss startup called Streamr that will enable consumers to control and market tokenized data collected by Internet-connected devices, according to Fortune. The partnerships, announced at the Consensus conference in New York, signal emerging efforts to use blockchain technology to empower consumers. Streamr will tokenize the data in a cryptocurrency called DATAcoin which raised more than $30 million last year in an ICO. Prototype Developed HPE has already developed…

Amazon Launches Blockchain Cloud Partnership With Ethereum Studio ConsenSys’ Kaleido

Join our community of 10 000 traders on Hacked.com for just $39 per month. Amazon has partnered with blockchain incubator ConsenSys to enable its customers to build and manage their own blockchain platforms in an easy-to-use manner with ConsenSys’ Ethereum-based cloud platform called Kaleido. The move is part of an effort to make blockchain, the technology underpinning bitcoin, more accessible to customers of Amazon Web Services, the cloud-computing arm of Amazon.com. “Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves,”…

ICON Blockchain Network Could be Used by 200 Million Users With LINE Partnership

Join our community of 10 000 traders on Hacked.com for just $39 per month. ICON, the $1.6 billion blockchain project created by developers from South Korea, has secured an official partnership with LINE, Japan’s largest messaging app that supports more than 200 million monthly active users. LINE’s Entrance Into Cryptocurrency Exchange Market On January 31, CCN reported that LINE is set to launch a cryptocurrency exchange within 2018 with an intent to enter the global cryptocurrency sector and to promote research and development of blockchain technology. Since then, over the…