Tag Archives: deloitte

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Intesa Sanpaolo Blockchain: a new trial for recordkeeping

The newest Italian Banca Intesa Sanpaolo blockchain – related  project has been tested with the main goal of validating trading data.

Thanks also to a partnership with Deloitte and the Italian startup Eternity Wall, Intesa San Paolo started to test a new proof-of-concept at the end of 2016.

Heart of the project is the open-source OpenTimestamps protocol, developed by Peter Todd, a Bitcoin Core contributor, that Eternity Wall moved to implement.

The Intesa Sanpaolo blockchain project uses the bitcoin distributed ledger to notarize transactions and create a publicly available database trail for future referral.

Information security officer for the bank, Carlo Brezigia explained:

“Relevant data has been hashed to produce a short unique identifier – a digest – equivalent to its digital fingerprint. This fingerprint has been associated to a blockchain transaction and hence registered on the blockchain: the blockchain immutability provides robust non-refutable timestamping that will always prove without any doubt the existence of that data in that specific status at that precise moment in time.”

According to a Deloitte statement, Intesa Sanpaolo tested this tool between October and February with tht idea of including support for other blockchains, potentially including also private ledgers.

This Italian blockchain trial shows the will of regulated financial institutions to test public blockchains.

In an official announcement, the bank’s retail innovation accelerator officer, Gianni Cavallina, explained the interest in experimenting these protocols beyond the main use case of digital currenciese:

“In particular, considering public blockchains, we are exploring the applicability of different use cases, abstracting from the value of its native digital currency. Notarization is one of the most interesting applications.”

Intesa Sanpaolo Blockchain projects– also member of the R3 distributed ledger consortium – also include tests on several blockchain use cases made during the previous years, including trade finance and digital identity.

Read more about previous Italian projects related to the Blockchain here.

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

Amelia Tomasicchio
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How to use Facebook Messenger to create warranties on the Blockchain

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The British advisory company Deloitte recently used the new Facebook Messenger API to create a program that store warranties on the Bitcoin blockchain and allows clients to buy items insurances even after their purchase.

Of course this is only an early version of the complete Deloitte project, which is capable of working without any applications to be downloaded by the user.
On the company website, Deloitte service designer, Frank van de Ven, explains:
“It allows users to add information regarding their purchases and associated warranty information on the blockchain, by using a Facebook Messenger bot.”
Facebook Messenger users are more than a billion from all around the world, so to allow startups create products for their clients, Facebook decided to expand its Messenger app, creating a new API that allows custom bots.
This news came on April 12nd, 2016 at the annual F8 of San Francisco. During this event, in fact, Facebook presented this new bot.
Messenger Platform: Expanded access to the Messenger platform by giving you the ability to reach your customers where they already are with a new send and receive API. You will be able to build a custom bot in Messenger, providing anything from customer service to rich, interactive experiences such as automated responses or spawning a search”, explained Facebook VP Deborah Liu.

How the warranties bot works

The Deloitte warranty bot allows people to send a receipt image through the Facebook Messenger app.
Thanks to the Colu blockchain toolbox, this Deloitte feature creates a QR code and stores the bought item information on the well-known distributed ledger.
When people upload the warranty, the bot will allow items owners to transfer the warranty if the item will be resold.
It is a great idea for sure and we can’t wait to use this tool in the near future.

Multicurrencies Wallet

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Blockchain is the technology that allow Bitcoin transactions.
To store your bitcoin you may need a wallet.
Open your on the HolyTransaction wallet and you will be able to store also other digital currencies such as litecoin, dogecoin, blackcoin, ethereum and more.

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

Amelia Tomasicchio