IBM and Hyperledger Project Joined the Decentralized Identity Foundation (DIF) – CoinSpeaker

By Catherine Zemskova    October 12, 2017

IBM and Hyperledger Project became the part of the Decentralized Identity Foundation (DIF).

DIF is a consortium whose members are giant companies like Microsoft and Accenture, such blockchain startups as Blockstack, Civic, Gem, IDEO, Netki and Tierion.

Key players of the DIF’s team have different experience and background, they are originated from different parts of the world, some of them are competitors. But they all united for a single goal which is promotion of the belief that identity is composed of a deeply personal collection of data that defines people.

The activity of DIF is based on the prerogative of data protection. The person’s data cannot be distributed without his consent, he himself establishes access to them, he himself sets the amount of time during which his personal information can be accessed. A person controls personal data and it cannot be shared in any way.

More at: IBM and Hyperledger Project Joined the Decentralized Identity Foundation (DIF) – CoinSpeaker

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IBM, Hyperledger Join Blockchain Identity Consortium – CoinDesk

By Marc Hochstein    October 11, 2017

IBM and Hyperledger have signed on with the Decentralized Identity Foundation (DIF), a consortium formed earlier this year in a bid to promote interoperability and standards for blockchain-based ID systems.

The two enterprise blockchain heavyweights join a diverse group of organizations, including big corporates like Microsoft and Accenture, startups such as Civic and Gem, as well as open-source projects like uPort and Sovrin.

“This should be a signal that there is broad agreement in this area that crosses some significant strategic [and] organizational boundaries,” Daniel Buchner, the DIF’s executive director, told CoinDesk by email.

More at: IBM, Hyperledger Join Blockchain Identity Consortium – CoinDesk

Ripple’s enterprise blockchain network ‘RippleNet’ grows to over 100 members – EconoTimes

October 11, 2017

Blockchain startup Ripple has announced the addition of new financial institutions to its enterprise blockchain network RippleNet.

With this, RippleNet has grown to more than 100 members. The new members include AirWallex, Bexs Banco, Credit Agricole, Cuallix, Currencies Direct, dLocal, IFX, Krungsri, RAKBANK and TransferGo, amongst others. They are joining existing members like SEB and Siam Commercial Bank who have deployed Ripple solutions commercially.

RippleNet helps financial institutions deliver instant, on-demand, certain, and low-cost global payments services to their customers. In addition to improving the efficiency of payments processing, it can also significantly lower the total cost of individual payments. Using Ripple’s digital asset XRP, RippleNet members can fund payments anywhere in the world on demand.

More at: Ripple’s enterprise blockchain network ‘RippleNet’ grows to over 100 members – EconoTimes

Streamr, the Decentralized Real-Time Data Economy, Joins the Trusted IoT Alliance – Blockchain News

By Richard Kastelein    October 10, 2017

Streamr, the decentralized peer-to-peer data sharing protocol, today announced that it has joined the Trusted IoT Alliance, an open source software consortium which aims to create a secure, scalable, interoperable, and trusted IoT ecosystem. Founded by industry leaders such as Bosch, BNY Mellon, Cisco, Gemalto, and U.S. Bank, the consortium seeks to standardize an open source Blockchain protocol to support IoT technology in major industries worldwide.

Streamr CEO and Co-founder Henri Pihkala said:

“The exponential growth of IoT and the ubiquity of connected devices brings unparalleled value to data, fully transforming the service sector, the supply chain and in turn the modern economy. Yet the rapid nature of that technological evolution has come at the cost of our security and freedom, a cost that has not gone unnoticed by industry leaders.”

More at: Streamr, the Decentralized Real-Time Data Economy, Joins the Trusted IoT Alliance – Blockchain News

Why the Trucking Industry is Embracing the Blockchain – Associations Now

By Ernie Smith    October 4, 2017

Blockchain technology, traditionally associated with cryptocurrency like bitcoin, has become a major focus of shipping logistics in recent months, with the newly formed Blockchain in Trucking Alliance leading the way.

Shipping and delivering freight—on time, with minimal hiccups—is not an easy endeavor. The logistical challenges are complex, especially because there’s so much of it.

Could the blockchain, with its secured ledger approach for verifying transactions and ensuring that a record is kept, help give the trucking industry the kick in the pants it needs?

The Blockchain in Trucking Alliance (BiTA), among others, hopes so. The new group, launched in August, hopes to both make the case for the blockchain as a fundamental tool for freight logistics and to create basic standards for the industry to follow. Thus far, the group has seen 160 companies apply—ranging from startups to major trucking firms.

More at: Why the Trucking Industry is Embracing the Blockchain – Associations Now

23 more insurers sign on with blockchain consortium – Digital Insurance

By Nathan Golia    Published October 03, 2017 5:14am EDT

The Blockchain Insurance Industry Initiative has added 23 new companies to its Market Testing program.

These entrants bring the total number of consortium members to 38. B3i started last year with five members before adding 10 more earlier this year. The latest cohort has signed on following a successful prototype introduced at the reinsurance industry’s annual Monte Carlo conference this summer.

The new additions are AIA, AIG, Aon, Chubb, Covéa, Everest Re, Gen Re, Guy Carpenter & Marsh, JLT Re, Leadway Assurance, LocalTapiola, Mapfre Re, Navigators, PartnerRe, QBE Re, SAHAM Assurance, Sava Re, Takaful Emarat, TigerRisk, Trust Re, UnipolSai and Willis Re. Some of the companies, like AIG and Gen Re, have explored blockchain previously.

More at: 23 more insurers sign on with blockchain consortium – Digital Insurance

Hashed Health adds Accenture to healthcare blockchain consortium – Health Care Risk Management Review

Accenture has joined healthcare innovation firm Hashed Health’s blockchain consortium.

Tennessee-based Hashed Health, a consortium leveraging blockchain and distributed ledger technologies for the US healthcare system, has partnerered with public and private sector clients to collaboratively develop solutions and networks that solve health delivery challenges.

As a consortium member, Accenture will focus its efforts on developing industry use cases for blockchain and distributed ledger technologies and identify opportunities where organizations can implement solutions at scale.

Brian Kalis, managing director of digital health at Accenture, said: “While adoption grows, healthcare organizations must continue advancing the application of blockchain technologies to achieve and sustain meaningful progress.

More at: Hashed Health adds Accenture to healthcare blockchain consortium – Health Care Risk Management Review