Report: Global Blockchain in Energy Utilities Market to Grow 60% by 2024

Report: Global Blockchain in Energy Utilities Market to Grow 60% by 2024 The global blockchain in energy utilities market is expected to grow by 60 percent by 2024, according to a new report from Infoholic Research LLP published on Feb. 15. Per the report, the global blockchain in energy utilities market was assessed to be $210.4 million in 2018, and is…

Iran’s Government Is Using Crypto Startups as Part of Its Blockchain Embrace

Iran’s Government Is Using Crypto Startups as Part of Its Blockchain Embrace Iran’s central bank is working with a pair of blockchain startups that are developing what could be the groundwork for a new token ecosystem, CoinDesk has learned. Many government banks around the world have launched isolated blockchain pilots. But in January, the Central Bank of Iranunveiled plans…

Luxembourg Passes Blockchain Framework Bill Into Law

Luxembourg Passes Blockchain Framework Bill Into Law Luxembourg lawmakers have passed bill 7363 into law, facilitating the use of blockchain technology in financial services, according to an official announcement published by the country’s parliament, the Chamber of Deputies, on Feb. 14. The new law aims provide financial market participants with more transparency and legal certainty in regard to the circulation…

Samsung SDS Reveals Blockchain Accelerator Tech Following Hyperledger Testing

Samsung SDS Reveals Blockchain Accelerator Tech Following Hyperledger Testing The IT arm of South Korean tech giant Samsung announced it had developed technology to speed up blockchain transactions, the company confirmed in a press release on Feb 14. Presenting at the ongoing IBM Think 2019 conference in San Francisco, Samsung SDS said its new technology, Nexledger Accelerator, had already passed testing with Hyperledger Fabric.…

Chinese Tech Giant Baidu Launches Blockchain OS to Support DApp Development

Chinese Tech Giant Baidu Launches Blockchain OS to Support DApp Development Chinese search engine and web services company Baidu has launched its Baidu Blockchain Engine (BBE), an operating system designed to facilitate decentralized application (DApp) development. The news was officially announced by Baidu’s cloud computing unit, Baidu Cloud, on Feb. 14. Baidu Cloud states that it considers an open source, commercialized platform…

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25% An HSBC executive has said that the bank’s blockchain-based system has helped it cut the costs of settling foreign exchange trades. Speaking to Reuters, Mark Williamson, chief operating officer of FX cash trading and risk management, who oversees the blockchain project, said that its HSBC FX…

Santander Enters $700 Million Deal to Use IBM’s Tech, Including Blockchain

Santander Enters $700 Million Deal to Use IBM’s Tech, Including Blockchain One of Europe’s largest banks, Banco Santander, and tech giant IBM have announced an agreement to accelerate the bank’s development of technologies such as blockchain. The news was announced in a press release published on Feb. 13. The five-year global technology agreement is reportedly aimed at enhancing the financial institution’s…

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’ The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain…

Japan’s Biggest Bank Launching Blockchain Payments Network in 2020

Japan’s Biggest Bank Launching Blockchain Payments Network in 2020 Mitsubishi UFJ Financial Group (MUFG) – Japan’s largest financial group and the world’s fifth largest bank by assets – is launching a blockchain-based payments network next year. The firm announced Tuesday that it has formed a joint venture with U.S.-based fintech firm Akamai Technologies to develop the platform…

IBM Partners With Boehringer Ingelheim to Test Blockchain in Clinical Recordkeeping

IBM Partners With Boehringer Ingelheim to Test Blockchain in Clinical Recordkeeping The Canadian unit of American tech giant IBM has partnered with pharmaceutical company Boehringer Ingelheim to deploy blockchain in clinical recordkeeping, according to a press release published on Feb. 12. The cooperation between the two companies aims to test whether the integration of blockchain technology with clinical recordkeeping provides the proper level of data…

UK Customs Service Postpones Blockchain-Driven Border Project Until After Brexit

UK Customs Service Postpones Blockchain-Driven Border Project Until After Brexit Her Majesty’s Revenue and Customs (HMRC) has delayed further work on a successful blockchain project in the wake of Brexit, according to a written parliamentary statement published Feb. 7. The question about the distributed ledger project for customs needs was raised in the Q&A section on the United Kingdom Parliament’s website. On…

Oracle’s First Dozen Cloud Blockchain Applications Are Now Live

Oracle’s First Dozen Cloud Blockchain Applications Are Now Live Despite years of hype and chatter, enterprise blockchain deployments actually in production are few and far between. But according to Oracle, the list just got a little bigger. Announced Tuesday, the software giant now has up to a dozen enterprise customers using live applications that have sped…