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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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Satoshi
bank of tokyo, blockchain, hitachi, hyperledger, linux, mitsubishi, proof of concept
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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Satoshi
airbus, blockchain, hyperledger, ibm, intel, jpmorgan
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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Satoshi
bank of america, blockchain, hsbc, hyperledger, ida, singapore
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30 Jun 0

IBM blockchain project for identity verification

ibm blockchain
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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Satoshi
artificial intelligence, blockchain, blockchain applications, credit mutuel, France, hyperledger, ibm, watson
ibm watson min
10 Jun 0

IBM Watson uses the Blockchain in Singapore

ibm watson
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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Articles, Asia, bitcoin, blockchain, hyperledger, ibm, watson
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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amazon, Articles, blockchain, hyperledger, hyperledger project, openshift, openshift blockchain, openshift dedicated, openshift dedicated program, red hat, Startup, support
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21 Mar 0

Hitachi is studying the Blockchain

Some days ago the Japanese company Hitachi announced that it will open a research laboratory in the US that will study the blockchain ledger and its possible applications.
The lab will partner with Hitachi technology innovation division and it will be opened next month in Santa Clara, California.Hitachi wants to use the research laboratory to work on some projects for its customer base.

In a press release, Hitachi explained:

“By establishing the Financial Innovation Laboratory in the Silicon Valley, Hitachi will accelerate research [and] development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions.”

 

Hitachi partners with Hyperledger

This statement follows a previous company’s news related to the blockchain: in fact, in February Hitachi joined the Hyperledger Project, an advaced blockchain technology that aims at “identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.”

The Hyperledger Project is a Linux Foundation collaborative project that stars some of the most important companies in the world, including IBM, J.P. Morgan, Fujitsu and many more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
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application, Articles, blockchain, blockchain applications, customer, customer base, hitachi, hyperledger, hyperledger project, laboratory, linux

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