AmEx starts using Hyperledger Blockchain for its rewards program – Crypto-News India

By Vignesh S.      May 24, 2018

American Express, one of the world’s largest financial services company popular for their Charge cards and Credit cards will now be using Blockchain to power their rewards program. AmEx has piloted a program which will allow merchants to reward customers for specific actions or purchases. This system will run on the open-source hyperledger blockchain and online merchant Boxed will be the first to make use of it.

Currently, credit card companies have been able to reward users when they spend at particular types of merchants with the merchant code. However, with the new system AmEx has deployed, merchants will be able to reward users when they pay for specific items.

With the help of Blockchain technology, AmEx will be able to easily track specific purchases made by users and partner with merchants to better promote products. The merchant may use this to promote a slow moving product in their store by bundling it with a reward.

More at: AmEx starts using Hyperledger Blockchain for its rewards program – Crypto-News India

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AmEx applies blockchain tech to fine tune its rewards scheme – Crypto News Review

By John Moore      May 24, 2018

American Express is be using HyperLedger to provide product-specific reward offers, that can be controlled by its merchants.  

Credit card giant American Express is to begin using a blockchain system to develop its reward points program, in the hope of further influencing the purchasing decision of its customers and providing tools for its merchants to boost business. According to a report by Associated Press, AmEx is already piloting the scheme, that will allow merchants to award reward points on specific items from their stock – the first participant is, apparently, created online wholesaler Boxed.

The company is using the Linux Foundation’s HyperLedger blockchain tech to underpin the system, which provides a platform that allows the creation of the product- (and, apparently, customer-) specific offers that can be created by AmEx, or the merchants themselves, whenever they see fit. The scheme could be integrated with inventory management, for example, to create allow stores to create promos for items it wants to clear off shelves.

More at: AmEx applies blockchain tech to fine tune its rewards scheme – Crypto News Review

Hyperledger blockchain project adds 13 new members – EconoTimes

April 27, 2018

Hyperledger, a collaborative cross-industry blockchain initiative, has announced the joining of 13 new members.

The new members come from diverse backgrounds including healthcare, finance, and technology. The latest general members to join include Beijing Proinsight Technology, CAREiQ, Distributed Ledger Technologies (DLT) Pte Ltd., Eden Partners, Ehave, Inc., Equidato Technologies AG/SophiaTX, Globlue Technologies, InformAmuse S.r.l., IPCHAIN Association, Paramount Software Solutions Inc. and Till Payments.

Associate members joining this month include Blockchain at Berkeley and Zhejiang Blockchain Technology Application Association.

More at: Hyperledger blockchain project adds 13 new members – EconoTimes

IBM Partners with Jewelry Industry on Hyperledger Supply Chain Project – CoinDesk

By Annaliese Milano      April 26, 2018

IBM is collaborating with jewelry industry leaders to create a cross-industry supply chain tracking platform, the tech giant announced on Thursday.

Powered by a permissioned blockchain built on Hyperledger Fabric, the TrustChain initiative will facilitate the tracking of diamonds and precious metals as they advance from mine to market.

The consortium comprises a variety of industry businesses, with U.S. jewelry retailer Helzberg Diamonds, precious metals refiner Asahi Refining, jewelry manufacturer Richline Group, independent third party verification firm UL and precious metals supplier LeachGarner as members.

TrustChain will kick off by tracking six styles of gold and diamond engagement rings on the system.

More at: IBM Partners with Jewelry Industry on Hyperledger Supply Chain Project – CoinDesk

Linux Foundation Adds More Blockchain Companies to Its Ranks – Bitsonline

By Reed Schlesinger      April 1, 2018

The Linux Foundation, a nonprofit enabling mass innovation through open source software, has officially announced the addition of 35 silver members and three associate members. That list includes the likes of Bank of America as well as blockchain based services providers MATRIX and Xage Security.

Greater Collaboration Between Open Source Leaders

More technology leaders around the world accept that sharing intellectual and infrastructure resources is a needed step to connect the world economy. The importance of the Linux Foundation, which focuses on building sustainable open source ecosystems, continues to grow.

Most recently at the Open Network Summit, the foundation announced the addition of 35 new premium members such as Twilio, Beijing Truth Technology, and Intuit. These companies have committed to contribute to or support open source communities and projects.

Executive director of the Linux Foundation Jim Zemlin elaborated on his feelings regarding the large list of new additions:

“It is exciting to welcome so many wonderful organizations from across technology, finance, education, transportation, communications and other important industries into The Linux Foundation…We look forward to working with them and the broader open source community to continue building new and better innovative technologies.”

More at: Linux Foundation Adds More Blockchain Companies to Its Ranks – Bitsonline

What’s the Future of Blockchain? Hyperledger Breaks it Down – PCMag.com

By Rob Marvin      March 1, 2018

BARCELONA—Blockchain’s decentralized network and immutable ledger technology has the potential to redefine the digital world. All throughout Mobile World Congress here, companies advertised blockchain-based solutions for everything from telecommunications to the Internet of Things. But the big picture was all about standardization.

The biggest name in blockchain interoperability is Hyperledger. Overseen by the Linux Foundation, the open-source blockchain consortium has more than 200 members across tech, healthcare, payments, and more.

Hyperledger Executive Director Brian Behlendorf was at MWC for a keynote on Investing in a Better Future, and swung by PCMag’s studio for a wide-ranging discussion. Behlendorf broke down the most exciting projects Hyperledger is working on, how smart contracts work, and what he sees for the future of blockchain across distributed identity, the supply chain, and beyond.

More at: What’s the Future of Blockchain? Hyperledger Breaks it Down  – PCMag.com

Hyperledger releases Hyperledger Sawtooth 1.0 – BTCMANAGER

By Priyeshu Garg      February 1, 2018

Hyperledger is the global collaboration of industry’s best experts in finance, IoT, manufacturing, and technology. The goal of this Linux-based effort is to enable cooperation across the blockchain industry.

In a spot of good news for the blockchain and global business, Hyperledger has announced that years of work on scaling the technology has finally paid off. Being one of the most vexing issues inhibiting Bitcoin and others from becoming truly global transactional currencies, Hyperledger’s Sawtooth can now capably address scalability as well as security issues facing business’ employment of cryptocurrencies.

Several companies have been toiling on the seamless rollout of a distributed ledger that has as its core design element the smooth flow of enterprise.

More at: Hyperledger releases Hyperledger Sawtooth 1.0 – BTCMANAGER