News


Walmart and JD.com implement Blockchain for food safety and traceability

This week Walmart and JD.com announced today a new effort to improve food safety and traceability using Blockchain technology.  These two companies along with IBM and Tsinghua University have formed the “Blockchain Food Safety Alliance,” which will seek to find solutions for improving food tracking and safety in China.  This will be an extension of previous collaborative efforts to improve tracking of pork products.
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Visa announces Blockchain platform

Last week Visa announced the test phase of a new Blockchain-based payment system called B2B Connect.  MasterCard recently unveiled a similar platform, and Visas move signifies the arrival of Blockchain in financial technology outside the realm of cryptocurrencies.
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Canada using Blockchain to create digital identity system

After the massive Equifax data breach (read more here) this summer affecting 143 million Americans governments are coming face to face with the question of how to keep citizens’ data safe from hackers.  The data breach highlighted the vulnerability of large databases containing sensitive information being maintained by third parties; the data that landed in the hands of cybercriminals was sufficient to steal identities completely and left those affected drawing a blank on what to do next.
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Blockchain industry spotlight: energy

The energy sector might not be at the forefront of every conversation about digitalisation, but an increasing number of companies are exploring ways to decentralise the transfer of energy using Blockchain technology.  A number of use cases have been explored, and projects are cropping up in e-mobility, the production and sale of electricity, and support for community energy models.
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U.S. Customs and Border Protection looking to Blockchain

Recent reports show that U.S. Customs and Border Protection has established a working group for exploring new technologies to aid in securing the borders of the country. The working group was established in September to aid the agency, which mainly deals with collecting duties and fighting drug trafficking and terrorism.
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Overstock’s future looks better with Blockchain

Earlier this month Overstock announced the launch of their own ICO (initial coin offering), tZERO.  An ICO is a type of crowdfunding which attracts investors through the prospect of a company’s own digital currency for exchange.  The ICO will become available for private pre-sale this week, and analysts speculate that the release will have considerable consequences  for Overstock /1/.
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Blockchain industry spotlight: travel

The global travel and tourism industry contributes 7.61 trillion US dollars to the global economy per year, with worldwide digital travel sales amounting in 565 billion US dollars per year. When it comes to online travel transactions, Expedia and Priceline have a monopoly on 95% of the industry. This may however be challenged in the near future, with Blockchain creeping in to shake up the travel industry, making travel more affordable and less complex.
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Blockchain industry spotlight: retail

Blockchain technology is well-known for making its way into the financial sector as the technology behind Bitcoin. Its benefits for business-to-business transactions are clear, but what about applications that benefit business-to-consumer transactions? Blockchain is making its way to the retail industry as applications are continually being investigated to increase transparency, reduce counterfeiting, make shipping easier, provide solutions for warranties, and more.
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