News


How Blockchain could change the way Germans vote

In light of the election in Germany yesterday, we thought we’d take the opportunity to offer a bit of information on how Blockchain has the potential to transform voting in the future.  After the U.S. election last November, Blockchain entered the conversation regarding how countries could make elections transparent and protect results from manipulation.  Several weeks ago hackers at the DEF CON hacking conference proved voting machines in the U.S. to be highly susceptible to attacks (read more here).  Germany still uses a paper ballot system and has prohibited digital voting due to risk of manipulation.
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Doctors skeptical of generic cancer drugs: Blockchain offers solution

A study commissioned by the Techniker Krankenkasse in Germany recently released results showing that the EU could save over half a billion Euros yearly by providing cancer patients with generic drugs. Cancer patients receive, in addition to chemotherapy, complex drugs that are often very expensive. The active ingredients in these drugs, however, continue to lose patent protection allowing companies to imitate them creating drugs that are just as effective and up to 30 percent cheaper /1/.
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Beyond cryptocurrencies: Fujitsu gives Japanese banks Blockchain platform

This weekend Fujitsu announced a new contract with the Japanese Banker’s Association to begin piloting applications for administering financial services using Blockchain technology.  Fujitsu will provide a collaborative Blockchain platform based on Hyperledger to the JBA, which they will then make available to their member banks for the development of individual applications /1/.
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faizod gearing up for SPS IPC Drives 2017

As summer comes to an end, faizod is gearing up for a big exhibition this fall.  SPS IPC Drives 2017 will take place from November 28th-30th in Nuremberg, which an expected 1,600 exhibitors and over 60,000 visitors.  At this event, exhibitors will travel from around the world to present across a number of sectors.  All of those in attendance will have the markets and ideas from around the world at their fingertips.
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Boise exploring public-sector Blockchain use cases

Today held reports that the city of Boise, the capital of the U.S. state Idaho, has teamed up with a Blockchain startup to explore possibilities for using Blockchain technology in the management of local government data /2/.  When they begin implementing solutions, they will be one of the first city governments to adopt Blockchain in the public sector.

The Chief information officer (CIO) of the city of Boise called the technology transformative, and the city is looking forward to seeing benefits in data transparency and integrity /1/.
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143 million hit in Equifax data breach: data storage method in question

This week news hit that a data breach suffered by the U.S. credit monitoring company Equifax has affected more than 143 million Americans. The company collects data that serves in certifying that people are eligible for leases and loans, including social security numbers, birth dates, driver’s license numbers, and home addresses. The data breach is massive, considering there are only 125 million households in the United States /2/.
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Maersk implementing Blockchain for maritime insurance

We don’t want to say we told you so, but we told you so. Yesterday’s news held reports that shipping giant Maersk has begun a 20 week Blockchain proof of concept trial to dramatically improve the efficiency of their shipping insurance processes. Earlier this year the company suffered major losses due to a cyber attack which shut down all of the applications and data affecting their major terminals. To read more on the incident and cyber security in the shipping industry, click here.
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CEX security breach: can we trust the data storage of online retailers?

The video game retailer CEX recently suffered a blow to their public perception when approximately two million customers had their personal information compromised in a massive security break. The damage was relevant for online customers who had data including their names, addresses, phone number, e-mail addresses, and credit card information stolen /1/. The security breach speaks to the lingering worries of online shoppers regarding their safety of their personal information in a digital age.
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TSA reconsiders cargo screening measures: looking towards the future

CNN reported recently that a hindered terror plot in Australia has the TSA reconsidering their own cargo screening measures.  The curbed plan involved the shipping of parts of a bomb to Australia, where the bomb was assembled and intended to be planted on a plane for detonation.  The plot was unsuccessful, but a red flag for the TSA regarding the need to up their own cargo screening protocols /1/.  Air cargo security is an increasingly complicated affair as compliance requirement have been upped in recent years.
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How Blockchain can fight ransomware attacks

This weekend the Scottish health board NHS Lanarkshire publicly apologised after a ransomware attack in May 2017 that left the hospital in disarray. The board was one of the eleven health boards to be attacked, forcing them to temporarily shut down their IT systems in order to keep the attack from spreading /1/. Personnel were unable to access e-mail, patient files, and appointment records, and as a result many patients were sent home or asked to seek care elsewhere while Lanarkshire dealt with the damage.
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