15 Jul
1
IBM announces its new cloud Blockchain Security Service
Today (July 15, 2016) IBM announces its new cloud Blockchain Security Service that aims at helping businesses test and run blockchain projects for private applications.
Defined as the “IBM secure blockchain cloud environment”, this project is a new integration of the IBM’s existing blockchain cloud service.
However, the company goal is to increase the security of private blockchain services running in the cloud.
Donna Dillenberger recently commented how the cloud environment – thanks to the IBM LinuxOne server – could protect valuable data on a private blockchain.
She explained to Coindesk:
“The cloud is made up of a special hardware that protects the blockchain from hacks, from people who have unethically compromised root users or system administrator credentials.”
Using this safe network, blockchain applications built through the IBM blockchain are signed and encrypted so it is impossible for a malware to install itself on this platform.
This project is currently in a limited beta version.
Cloud Blockchain Security Service
This is not the first time we read news related to IBM and blockchain services.
In fact, previously this company announced its project for an artificial intelligence called Watson to be created thanks to the blockchain. You can read the full news by clicking here.
Also, IBM is so enthusiastic about this technology that Director John Wolpert commented “We’re All in on Blockchain”, during an important Blockchain Conference held in San Francisco on February 12nd, 2016.
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14 Jul
0
Russian Party accepts Bitcoin
Today reports explain that a minor political Russian party accepts bitcoin donations.
The center-right party created back in 2009 called the Party of Growth, in fact, will accept donations in the cryptocurrency.
This news originally appeared on Interfax and TASS, two magazines about Russia and that cover remarks from Boris Titov, the head of the Party of Growth and advisor to Russian President Putin for business-related issues.
Why the Russian Party accepts Bitcoin
According to these magazines, Titov explained that the party need funds from new sources, including crowdfunding and bitcoin – but only from people with verified identity, he continued.
In fact, the party wants to promote the acceptance of the digital currency within its own country.
To do so, the party will also create a legislation that will be able to simplify the technology adoption and development in Russia.
“Russia can take advantage of the difficult economic situation that has developed today for us to become a very profitable country open to blockchain”.
Currently the party of Growth doesn’t hold any seats in the Duma, but it has two representatives in Russia’s regional legislatures.
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12 Jul
0
US Department of Homeland Security to use the Blockchain
The US department of Homeland Security (DHS) – the division created after the 9/11 terrorist attacks – talks about the possibility to use the blockchain technology.
First announced in a press release published in December, the DHS announced in June that it awarded a prize of $199,000 to the blockchain startup Factom that aims at using the distributed ledger to ensure the security of cameras that monitor US borders.
How US DHS wants to use the Blockchain
This way the blockchain could be helpful for DHS as it aims at building an identity for devices, or a way to extend the company’s ability to monitoring services and devices.
Data privacy program manager Anil John explained to Coindesk:
“The Factom piece is more along the line of these devices exist, but how do we build a picture of the identity of this device over time? The blockchain could be the catalyst that allow us to document the changes”.
Also, he explained that the company wants to learn more about the potential applications of the blockchain.
“For DHS use cases, the projects we’re funding are focused on proving or disproving that security and privacy can be supported by a blockchain-based infrastructure. It is much broader than IoT and identity.”
To do so, DHS gave funding also to projects such as Solarity Solutions, Respect Network and Digital Bazaar.
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8 Jul
0
Mitsubishi invests in Blockchain
Today Coinbase announced that has raised $10.5m thanks to Bank of Tokyo Mitsubishi UFJ,
Mitsubishi UFJ Capital and Sozo Ventures.
Also, Bank of Tokyo Mitsubishi UFJ itself started a new partnership with Coinbase, confirming rumors that the American startup was working on a proof-of-work project with an Asian bank.
Thanks to this move, Mitsubishi invests in blockchain applications.
Mitsubishi invests in Blockchain: a gap to fill up
In a press release, Coinbase explained that this collaboration will allow to fill up the gap between the blockchain and traditional financial institutions.
“Partnering with leading global financial institutions is a key part of our strategy and we are thrilled to be working with BTMU.”
Also, the well-known exchange commented that wants to launch several services in Japan; this way the startup will be able to serve a second Asian market.
Mitsubishi to have its own cryptocurrency
A few days ago, Bank of Tokyo-Mitsubishi UFJ also revealed that is testing its own digital currency.
This news came following a report from the Asahi Shimbun newspaper and the bank will soon issue a virtual currency (the MUFG Coin?) that will be available next year.
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7 Jul
0
US government to use Blockchain for Health Care issues
The US Department of Health and Human Services (HHS) could convince the US government to use the blockchain in health care issues, so it aims at starting a study related to distributed ledger applications and health problems.
According to a press release published by the Federal Register, HHS is looking for white papers about blockchain applications for healthcare purposes.
So tou can send your ideas for this contest within July 29th, and winners will be announced in September.
Official notice: US Government to use Blockchain?
The notice states that those papers shouldn’t contain more than 10 pages and no more than three researchers should be submitted by any researcher or group.
“The paper should discuss the cryptography and underlying fundamentals of blockchain technology, examine how the use of blockchain can advance industry interoperability needs expressed in the Nationwide Interoperability Roadmap, patient centered outcomes research (PCOR), precision medicine, and other health care delivery needs, as well as provide recommendations for blockchain implementation.”
Winners will present their projects at a “Blockchain and Healthcare Workshop”.
The event will be hosted by the Office of the National Coordinator for Health Information Technology and the National Institute of Standards and Technology (NIST).
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5 Jul
0
Russian Banks work on a Blockchain Unit
Russian Banks work on a Blockchain Unit
A few days ago Russian Banks and public institutions revealed that they will create a unit that aims at studying blockchain applications.
Announced on July 1st, this private consortium includes QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and Accenture.
The project was announced during the 25th International Financial Congress in St. Petersburg, hosted by the Russian Central Bank.
This unit focuses on the development of “blockchain proofs-of-concept, work on joint research and policy outreach, and the creation of technology standards”.
The idea for this project came when the QIWI revealed its hope for creating the so-called “Russia’s R3CEV”, a group of financial services focused on the distributed ledger.
CEO Sergey Solonin explained:
“I’m convinced that the Consortium, which brought together the Russia’s largest financial company, is able to become an effective platform for multilateral cooperation in exploration, launching innovations and their implementations in financial services.”
Bank of Russia works on the Blockchain
Bank of Russia is not new to an involvement with the Blockchain, in fact,
A few months ago Olga Skorobogatova of Bank of Russia explained that “the development of modern financial markets is inseparable from the development of financial technology”, when the bank revealed his purpose to start studying the distributed ledger back in February 2016.
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5 Jul
0
Siemens Blockchain project for artificial intelligence
A few days ago the tech-giant Siemens revealed its new plan to invest in blockchain startups to develop an environment for forward-looking fields such as artificial intelligence and decentralized electrification.
“Siemens will set up a separate unit to foster disruptive ideas more vigorously and to accelerate the development of new technologies. The unit’s name, “next47,” plays on the fact that Siemens was founded in 1847”.
The German company, in fact, plans to found the so-called “next47” as a separate unit for startups, investing a $1.1bn in capital to be spent in a five-year period.
Siemens blockchain project
In the press release, Siemens specified that the new project might involve the distributed ledger, or the technology behind bitcoin.
“The new unit will also concern itself with so-called blockchain applications that are designed to make data transfer in industry and in energy trading, for example, simpler and more secure”.
More info about the Siemens blockchain project will be announced soon. Stay tuned on the HolyTransaction blog.
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4 Jul
0
Citibank study on Bitcoin: read here their report on digital currencies
A few days ago the Citibank study on Bitcoin and other cryptocurrencies was released, where it explains that they should not be considered as disruptive for banks and other traditional institutions.
Citibank, in fact, published a 56-page report about bitcoin and digital currencies, – written by Keith Horowitz with contributions from Adrien Porter, Frieda Liao, and Michael Cronin; it also explains how Citibank sees lots of new opportunities in the blockchain technology.
This is an extract:
“The power behind an open network like bitcoin is the possibility of incorporating it with other technologies to bring about true innovation, such as applications that support the Internet of Things (eg machine-to-machine payments).”
Citibank study on Bitcoin
The Citibank study explains how bitcoin and the other digital currencies could revolutionize the market, especially where there isn’t a good payments infrastructure.
However, in this study on bitcoin there is a critical eye on the bitcoin benefits for payments, as the authors explain that they don’t believe the immutability of the blockchain to be a good thing for money transactions.
“Having written three reports on the topic of blockchain, one common theme we have observed is the limited use-cases for the peer-to-peer transfer of value due to a number of issues including scalability, network adoption and lack of a legal/regulatory framework for dispute resolution.”
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30 Jun
0
IBM blockchain project for identity verification
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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29 Jun
1
Hillary Clinton Blockchain: how she wants to use the distributed ledger
Yesteday Hillary Clinton, the Democratic Party candidate to become the next U.S. president, published a blog post on her official website in which she explained her innovation programm that also includes the use of the blockchain in the public sector.
The Clinton project says:
“We must position American innovators to lead the world in the next generation of technology revolutions – from autonomous vehicles to machine learning to public service blockchain applications – and we must defend universal access to the global, digital marketplace of ideas.”
Hillary Clinton Blockchain
The Clinton program also explained that the Democratic nominee will try to reduce regulatory issues for startups and young entrepreneurs.
“The Obama Administration has encouraged agencies to use new approaches to improve their functions and better serve the American people. In turn, agencies are now using “incentive prizes” to uncover creative solutions from citizen solvers, Idea Labs to empower front-line employees, and flexible procurement authorities to engage startups. Hillary will champion these strategies, putting innovation at the heart of her management agenda. She will direct the members of her Cabinet to increase the number of federal employees that identify and implement new ideas from citizens and businesses to help government serve the country more effectively”.
This comment makes Clinton the U.S. candidate that will be able to offer support for the blockchain technology.
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