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31 Aug 0

Who are the new Hyperledger Blockchain Project members?

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Tech giant Samsung is among the new Hyperledger Blockchain Project members announced today.

Hyperledger Blockchain members

Together with Samsung there are 16 other new companies joining the project, including Cloud Security Alliance, Energy Blockchain Laboratory, Global Peersafe Technology Corp., Inuit Foundation – University of Rome “Tor Vergata,” Intuit, Investrata Foundation for Social Entrepreneurship, iRootech Technology, MIRACL UK Limited, Netki, Nxt Foundation, Orange Magic Cube, Sany, Tai Cloud Corp., Union Mobile Pay E-Commerce, Wutongtree and Yunphant Blockchain.

Hyperledger Blockchain Project’s Goal

Hypederleger is a collaborative effort started by the Linux Foundation to study the blockchain aiming at supporting worldwide business transactions to improve many aspects of their performance and reliability.
Since its beginning back in early 2016, Hyperledger started accepting proposals for codebases.
One of the first was called “Fabric”, a codebase that united works by Digital Asset Holdings, Blockstream and IBM.
To date, almost 100 organizations joined the Hyperledger Blockchain Project members; and more companies will be added by the end of 2016.
Hyperledger executive director, Brian Behlendorf, commented:
“There’s been a tremendous response to our vision for creating an open community for blockchain technology and we’re proud to be celebrating this member milestone. At a growth rate of nearly two new members joining per week, I look forward to working with this growing community to further our open blockchain development efforts”. 
Earlier this month, Airbus joined the project too, together with Hitachi, Microsoft, Red Hat, and more.

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Satoshi
19 Aug 0

Airbus joined Hyperledger Blockchain Project

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French airplane firm Airbus joined Hyperledger Blockchain Project, or the Linux Foundation program related to the distributed ledger.

Airbus joined Hyperledger Blockchain Project

Last year Airbus sold more than 1,000 aircraft and now the company is joining the same blockchain project that also sees the participation of firms such as IBM, Red Hat, Intel and JPMorgan. 
Hyperledger director Brian Behlendorf explained to Coindesk how the Airbus partnership shows that the distributed ledger technology has lots of applications beyond fintech:
“A key factor to the project’s success will be member expertise and guidance, and as such, I look forward to collaborating with the bright team at Airbus to drive this technology forward.”

Blockchain beyond finance

This announcement reflects how the airline industry is increasing its own interest in the blockchain technology. 
Previously in May, in fact, the blockchain startup called ShoCard started a partnership with the airline firm SITA with the goal of developing new applications for identity management.
This is not the first time a company wants to use the Blockchain for identity-related issues.
A few months ago, in fact, we spoke about the Microsoft’s project that aims at using the distributed ledger to solve problems related to identity in the digital world. 

The Hyperledger Blockchain Project

Launched in the beginning of 2016, the Hyperledger Project has more than 80 members among its partners and it is managed by the Linux Foundation.
Read more about the Hyperledger Blockchain Project here.

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10 Apr 0

Porsche to explore the Blockchain technology

German automobile manufacturer Porsche wants to explore the blockchain technology.

According to a press release, Porsche announced a new startup competition last week with the main goal of attracting companies that work in the blockchain industry as part of a bid to test potential applications.

This is the first time Porsche has talked about its interest in the distributed ledger tech.

Porsche is offering €25,000 in prize money and a three-month stint at SpinLab, an accelerator based in Leipzig that the automobile company supports.

Applications for this contest are due by May 15th.

Below you can read a statement published by the German company:

“Porsche aims to obtain external input on the disruptive potential of the blockchain transaction system by collaborating with the start-up scene. The central question is to what extent the application of this technology in the value creation chain of the company makes sense. Moreover, other forms of potential long-term collaboration will be investigated.”

Porsche is not the first automobile company to reveal its interest in exploring the blockchain for possible use cases.

In February, in fact, Daimler AG announced that it was joining the Hyperledger project, explaining how the blockchain is “a promising technology, not fully mature yet, but continuously growing”.

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Amelia Tomasicchio
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29 Mar 0

IBM Blockchain Oil trade platform: a new innovative project

IBM – together with a group of other companies – has announced the development of a new blockchain-based crude oil trade finance platform.

This group also includes Trafigura and Natixis bank that decided to join the creation of this new tool.

The platform was created by using code from the Linux Foundation-led Hyperledger project. Also, IBM’s BlueMix cloud hosting service is utilized.

Thanks to this trade finance platform, users can view transaction data on the blockchain that also hosts documentation and updates on shipments, deliveries and payments.

Natixis is also a member of the R3 distributed ledger consortium and isn’t new to blockchain-related trade finance applications because it also joined the “Digital Trade Chain” project a few months ago.

According to, Natixis’ head of global energy and commodities, Arnaud Stevens, the bank believes the technolgy as a high potential of bringing down expense and boosting procedural transparency.

These are his words:

“We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is paper and labor intensive, we have multiple friction points with high processing costs and limited automation. Distributed ledger technology brings some much-needed innovation into our industry.”

This news is only the latest related to projects that aims at bridging of the blockchain and trade finance worlds.

Also, we have to say that this is an application that attracted much interest from a wide range of companies and governments worldwide, including Dubai.

In the meantime there are also several other worldwide banks that are continuing to push ahead with related projects focused on the blockchain and commodities trade.

A few days ago, in fact, Dutch bank ING is working on an oil trading pilot built on the Ethereum blockchain that has already conducted live transactions.

 

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24 Jan 0

The newest Deutsche Börse Blockchain project

A new Deutsche Börse blockchain project was unveiled today as the market operator revealed a new blockchain proof-of-concept to manage bank cash transfers.

The so-called ‘CollCo’ (or, ‘collateralized coin’), is the new Deutsche Börse  blockchain project created together with Eurex Clearing, or the clearing house used by the Deutsche Börse.

Using the same code of the Hyperledger Fabric project as a basis, the company wants to obtain a patent approval for this revolutionary transfer solution available thanks to the distributed ledger.

According to  the official press release shared by the Deutsche Börse, the next step is to work with customers, regulatory and central banking contacts.

This is the official description for CollCo:

“All peer-to-peer payments based on tokenised commercial bank money are accompanied by movements of collateral between the respective Eurex Clearing members using the [central counter party’s] functionality and rules.”

The press release continues by saying that the idea links together “existing and potential new use cases” as the “handling of margining requirements, credit risk free payments, and delivery-versus-payment asset/value transfer on the blockchain”.

The Deutsche Börse has spent much time during the past year  testing several blockchain use cases, including one thanks to a partnership with Germany’s central bank.

Also, in February 2016, the company partecipated at the New York blockchain startup Digital Asset Holding’s $60m funding round.

During a speech given last week, CEO Carsten Kengeter talked about the so-dubbed “Exchange 4.0” powered by next-generation technologies.

“Exchange 4.0 will use blockchain intelligently. Exchange 4.0 will convert data into investment tools. Finally, Exchange 4.0 will be as varied – and perhaps also as easy to use – as an app store,” he explained.

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Amelia Tomasicchio
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25 Aug 0

Bank of Tokyo works on a Blockchain project with Hitachi

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Bank of Tokyo works on a blockchain project with Hitachi

Bank of Tokyo works on a blockchain project to manage electronic check together with tech giant Hitachi.
According to a press release, this proof of concept system aims at creating a digital platform to issue, transfer and collect e-checks.
Asiatic magazine Nikkei reports that in the next few days there will be further trials, and that the full version could be released in 2018.
Tech giant Hitachi announced:
“Using the system, BTMU issues and settles checks and some of Hitachi Group companies in Singapore receive the electronic check and deposit the funds. Through the PoC testing, Hitachi and BTMU will be able to identify issues from various perspectives such as technology, security, operation and legal perspectives and aim to realize new FinTech services including digitalization of checks.”
This project comes after a previous Bank of Tokyo Mitsubishi UFJ statement about its investment in the blockchain and about the project to release a new digital currency.
Also, a few months ago Hitachi announced the creation of new studies for fintech applications, as the company is a member of the Hyperledger project, the Linux Foundation program related to the distributed ledger.

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11 Aug 0

Bank of America to use the Blockchain to authenticate bank data

bank_of_america_to_use_the_blockchain
 
 
Bank of America and HSBC joined forces with the Singapore government’s IT and telecom agency to develop a project related to the blockchain.
Revealed today on Business Times, Bank of America, HSBC and the Infocomm Development Authority of Singapore have started to create a blockchain application within the Hyperledger system.
The project’s the goal is replicating the letter of credit transaction process among banks, exporters and importers and they aim at understanding how the distributed ledger could place trust between parties.
In fact, usually parties need to rely on banks to issue and recognize documents for facilitating trade.

Bank of America to use the Blockchain

According to International Business Times, the proof-of-concept project is composed by a seven-step process that will show how a blockchain can be used to authenticate data.
“Many people are talking about the theory of blockchain, but for the first time we can start to see how this technology might be used to solve the real world challenges our customers face,” said Vive Ramachandran, global head of product for HSBC trade finance business.
This is not the only project to be launched, in fact, Bank of America and IDA are already working on similar goals related to the blockchain.

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30 Jun 0

IBM blockchain project for identity verification

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Today the tech-giant IBM revealed its latest blockchain project thanks to the French bank Crédit Mutuel Arkéa, an idea that aimed at creating a system for identity verification.

IBM Blockchain for identity confirmations

IBM explained that the concept exploit the Hyperledger blockchain to allow users to have a proof of their identity, one of the few projects with the blockchain used as a non-financial application.
Frédéric Laurent of the Crédit Mutuel COO explained:
“This project offered a complete view of customers’ documents across our distributed network and helped us to understand and master blockchain for other client uses.”
This is not the first time we heard about blockchain projects conceived by the IBM. In fact, in April we wrote about Watson, an artificial intelligence connected to the blockchain and created by IBM itself. 
This device will be registered on the Bitcoin ledger and – thanks to smart contracts – it will create different kinds of access, allowing lots of functions and customization.

Banks and blockchain applications

 The news come when the French bank decided to use the blockchain technology, after several other banks announced their own projects related to the distributed ledger.
A few days ago we talked about the BNP Paribas project to study the blockchain as it aims at building new tools for data and money management.

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10 Jun 0

IBM Watson uses the Blockchain in Singapore

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IBM Watson project and the Bitcoin blockchain are two new technologies that might change the way we live and work in the near future.

 

Today tech giant IBM opened a new incubator with 5,000 computer technicians that aim at creating several prototypes by using the IBM Watson AI tools and the Bitcoin Blockchain.
This innovative environment is called the Watson Centre and it is situated in the Marina Bay in Singapore and in the IBM Garage, specialized in developing blockchain applications thanks to the IBM Open Standards tools within the Global Entrepreneur program that was launched back in 2010.
Randy Walker, CEO at IBM for the Asian zone, explained this project with these words:
“Watson and blockchain are two technologies that will rapidly change the way we live and work, and our clients in Asia Pacific are eager to lead the way in envisioning and creating that future.”

IBM Watson and blockchain

 

This new center comes thanks the study of the distributed ledger applications started back in 2015 when IBM joined the Hyperledger project.

Also, at the beginning of 2016, Chris Ferris, CTO at IBM, became the project leader of the aforesaid open-source blockchain project.

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Amelia Tomasicchio
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7 Apr 0

Red Hat to help blockchain related startups

Yesterday Red Hat announced its idea to start its OpenShift blockchain that aims at helping financial companies with their initiatives related to the disruptive distributed ledger.
Thanks to OpenShift, Red Hat users can create blockchain applications using tools provided by indipendent sellers and with the support of Red Hat’s Openshift Dedicated program.

How Openshift works 

OpenShift Dedicated wants to help the startups related to blockchaintech, fintech ISVs, and traditional financial companies to begin their blockchain-based projects.
“A lot of folks in the market are looking to deploy on the big cloud providers, Amazon, Google, Microsoft. There are many companies offering cloud support”, Tapia commented.
Tapia clarified that OpenShift Dedicated is available on Amazon and will soon be available on Google and Microsoft Azure as well.
During a recent interview, director of OpenShift, Julio Tapia, explained that the company wants to use its own experience in the open source sector related to blockchain technology.
These were his words:
“We want to position ourselves with not only customers and partners, but leverage solutions developed in the entire ecosystem, taking all the innovation going on in the industry, maturing it for an enterprise market and making sure all the solutions can be launched and supported.”

Red Hat with Hyperledger

Previously, in February, Red Hat announced its partnership with the Linux Foundation’s Hyperledger project, “an open source platform to advance the blockchain digital technology for recording and verifying transactions”, according to the press release.

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Amelia Tomasicchio
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