IBM won the contract following a global competitive bidding process.
IBM has signed a lucrative deal to provide a European banking consortium with blockchain-based financial trading.
Based on IBM Blockchain powered by Hyperledger Fabric, the new trade finance platform will aim to simplify and facilitate domestic and cross-border trade for small and medium enterprises in Europe, while helping to increase overall trade transaction transparency.
Big Blue was chosen by the Digital Trade Chain Consortium which consists of Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit.
The Digital Trade Chain solution will run in the IBM Cloud and is designed to connect the parties involved in a trade transaction, both online and via mobile devices. It is designed to simplify trade finance processes by addressing the challenge of managing, tracking and securing domestic and international trade transactions.
More at: IBM wins major blockchain deal with European banks – Computer Business Review
The U.S. Navy has revealed plans to trial blockchain technology to bring added security to its manufacturing systems.
The Navy said it will apply the technology to its processes for additive manufacturing – known more popularly as 3-D printing – in a bid to “securely share data throughout the manufacturing process” as it creates critical equipment for deployed forces.
Led by the Naval Innovation Advisory Council, the trial will use blockchain technology to create a data-sharing layer between the Navy’s various 3-D printing sites over the summer, with a report on its proof-of-concept effort due this autumn.
In a blog post, Lieutenant Commander Jon McCarter said: “If someone told you that the technology underpinning the cryptocurrency Bitcoin will likely revolutionize much of the way we do business in the next 10 years, you might shrug it off. I would like to tell you: it’s just the beginning and that it might also revolutionize naval additive manufacturing, finance and logistics writ large, and that’s only scratching the surface.”
More at: U.S. Navy Looks to Blockchain Revolution – The Maritime Executive
Chances are you’ve been hearing the term blockchain quite a bit over the past year or so. In a recent Automation World article exploring ways to strengthen supply chain operations, senior editor Stephanie Neil explained blockchain technology as being “an unalterable peer-to-peer recordkeeping system that enables communities to securely record and share information. Blockchain is best known as the core component of the digital currency Bitcoin. Each validated Bitcoin transaction creates a block, which attaches to the chain of blocks before it, thereby creating an easy-to-follow trail.”
With Bitcoin at its root, there is certain to be no small amount of trepidation around blockchain’s use in industry. The significant upside the technology presents, however, certainly bears out further investigation. And that’s why Wipro, a global information technology, consulting and business process services company, has developed nine blockchain-based offerings, four of which are directly targeted at manufacturing. Wipro says these new offerings have been “defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab” to demonstrate what blockchain can accomplish for global enterprises.
Considering Wipro’s preference for referring to its blockchain offerings as solutions, I asked Sanjeev Ramakrishnan, general manager and business unit leader at Wipro, to clarify whether these blockchain “solutions” are products, services or a combination of the two. He said, “all of Wipro’s blockchain solutions include: blueprints for domain-specific use case; the solution architecture; the code base, which can be customized and integrated; and full solution documentation” in addition to access to Wipro’s cloud-based lab and in-house experts.
The four offerings targeted at manufacturing address anti-counterfeiting, airworthiness certificate tracking, supply chain visibility and additive manufacturing/3D printing. According to Ramakrishnan, “the benefits of these solutions include improved process efficiency, optimized costs and the ability to foster innovative business models.”
More at: Is Blockchain Coming to Manufacturing? – Automation World
Prototype could help by creating a digital identity for 1.1 billion people around the world who don’t have a formal ID.
Accenture and Microsoft have created a prototype based on blockchain technology with the aim of creating a digital identity for 1.1 billion people around the world who don’t have a formal ID.
According to Accenture, one-sixth of the world’s population cannot participate in cultural, political, economic and social life for lack of ID.
Establishing identity, Accenture executives said in a statement, is a must for gaining access to healthcare – and to a host of other services benefits and activities, such including education, voting, banking, mobile communications, housing, and family and childcare benefits.
More at: Accenture, Microsoft building blockchain ID prototype for healthcare, others – Healthcare IT News
The General Services Administration is looking to speed up acquisition by harnessing innovative machine learning and blockchain technologies.
The administration released a request for quotes June 19 to improve its Multiple Award Schedules FASt Lane program. FASt Lane was implemented in 2016 to give government agencies timely access to new technology innovation by shortening processing times.
Now, GSA says it has up to $149,999 to offer to contractors for a proof of concept that can further improve FASt Lane processing and proposal review times with distributed ledger technology — the foundation of blockchain technology, which also forms the basis of cryptocurrencies like bitcoin — automated machine learning, artificial intelligence based technologies and electronic interchange technology.
More at: GSA calls for blockchain and machine learning to speed acquisition – fedscoop
In the world of blockchain and cryptocurrency, decentralization is key. This often leads to some new and exciting innovations, to say the least. The Interplanetary File System is one of those innovations which more people should pay attention to. Now is a good time to take a closer look at what IPFS has to offer and how it will shape the future of our society.
THE INTERPLANETARY FILE SYSTEM EMBRACES DECENTRALIZED FILE STORAGE AND SHARING
It is quite interesting to see how many projects are working on decentralized file storage and sharing right now. We have recently highlighted a few of those projects, including Storj and Sia. However, one of the first initiatives to fully embrace this concept goes by the name of the InterPlanetary File System, also known as IPFS. This protocol is established on top of the Bitcoin blockchain.
More at: What is the InterPlanetary File System? – The Merkle
After spending a year in prison, Bitcoin pioneer Charlie Shrem has a new job and a new mission: Strengthening the ecosystem of blockchain assets—and, just maybe, helping build the future of the Internet.
“My word is gold,” says Charlie Shrem, glass of absinthe in hand, light winking off a pinkie ring he wears that is embossed with a Bitcoin symbol. “And I make sure everyone gets paid.”
Bitcoin’s first felon is in his favorite mode: full-on bluster. We’re in Sarasota, where he lives, perched on stools at Pangea Alchemy Lab, a faux-speakeasy tucked behind a curtain in the back of a sandwich shop. The bartender is a bearded anarchist who, after making our drinks—he drips water from a sort of four-armed decanter onto sugar cubes suspended on slotted spoons above glasses of French absinthe—asks if I’ve read Debt: The First 5,000 Years, by the anthropologist David Graeber. Shrem has been offering plenty for the bartender to eavesdrop on, a discourse that features words like Bitcoin, blockchain, digital currency.
More at: Can Bitcoin’s First Felon Help Make Cryptocurrency a Trillion-Dollar Market? – Fortune.com