News


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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Blockchain industry spotlight: insurance

Insurance is an old-school industry facing increasing technological disruption in a digitalising world.  Insurance technology is now used by approximately one third of insurance customers, providing users with convenience and more opportunities for personalisation /1/.  As this trend grows insurance companies will have to get on board or become irrelevant as users come to expect digital options for accessing their insurance plans.
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Race for election security blind to existing solutions

This summer the weaknesses of voting machine security were unveiled for the world to see at the DEFCON Hacking Conference in Las Vegas, Nevada (USA). Since then US government has committed to improving security in election process, declaring it a “national security issue,” and considering election systems “critical infrastructure /1/. This week held the first meeting of the Presidential Advisory Commission on Election Integrity, headed by Mike Pence.
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Air France investigating supply chain enhanced by Blockchain

The fifth largest airline company in the world has in its quest to digitalise begun exploring the implementation of Blockchain technology in its supply chain processes. Air France has been collaborating with universities, manufacturers, and software developers in an MRO lab aimed at full digitalisation of current analog data /2/. The lab has determined that the resilience, traceability, integrity, and reduction in the use of intermediaries provided by Blockchain could be highly beneficial in aviation.
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