Blockchain and IoT integration accelerates, hits a 'sweet spot'
IoT and blockchain may be a natural fit, but it will still take five to 10 years before kinks are worked out.
IoT and blockchain may be a natural fit, but it will still take five to 10 years before kinks are worked out.
Blockchain is gaining ground in the supply chain arena, enabling suppliers to verify food origins and ensure regulatory rules are met.
By providing distributed access to a single, verified source of truth, ASX’s blockchain-inspired system will open up new opportunities to digitise multi-party workflows, according to the exchange operator’s deputy chief executive officer, Peter Hiom.
A decentralised storage service is claiming their capacity is cheaper and more resilient than big players such as Amazon S3.
While corporate CIOs see the distributed ledger technology as innovative, blockchain is unlikely to become technically and operationally scalable anytime soon.
CIOs must educate leaders about blockchain opportunities and challenges and continue to develop proofs of concept to test business worthiness.
HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday.
ASX, which operates the Australian Securities Exchange, has signed a memorandum of understanding (MoU) with Digital Asset and VMware to work together on initiatives based around blockchain-style distributed ledger technology (DLT).
ASX Limited, the operator of the Australian Securities Exchange, has established a ‘DLT Solutions’ team that it says will help use its experience of implementing blockchain-inspired distributed ledger technology to helps its customers.
IBM and Tata Communications have joined the governing council of Hedera Hashgraph, a distributed public ledger platform that aims to be faster and runs at a larger scale than current blockchain technologies, a top official at Hedera said.
Three of Australia’s biggest banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac have formed a company with Westfield shopping centre operator Scentre and IBM, to build a blockchain-based platform for bank guarantees.
Several of the world's largest banks are in the process of investing around US$50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans.
Microsoft has unveiled Azure Blockchain Service, which the company’s head of corporate communications, Frank Shaw, said “simplifies the formation, management, and governance of consortium blockchain networks, allowing businesses to focus on workflow, logic, and app development.”
If it wins the federal election Labor has pledged to deliver $3 million in funding to help launch the nation’s first ‘Blockchain Academy’.
ASX Limited — the operator of the Australian Securities Exchange — has begun offering its customers access to a development environment for its new blockchain-based replacement for CHESS.