Government blockchain prototype on track for FY19
The Digital Transformation Agency says it is on track to deliver a prototype blockchain system for government by the end of the financial year.
The Digital Transformation Agency says it is on track to deliver a prototype blockchain system for government by the end of the financial year.
ASX Limited has pushed back the earliest date at which the blockchain-inspired replacement for its CHESS system will go into operation.
A new consortium that includes Australia’s best known research organisation aims to build a platform allowing businesses to take advantage of ‘smart’ contracts with self-executing clauses.
The Commonwealth Bank of Australia announced today that the two-year ‘bond-i’ bond, which is based on blockchain-style distributed ledger technology, had raised $110 million for CBA’s client, the World Bank.
SAP is working with more than two dozen produce, pharmaceutical, tech and shipping companies on an automated blockchain-based supply chain tracking system that it believes will bolster visibility and ensure the authenticity of goods such as food and drugs.
After launching a proof of concept earlier this year, IBM and Maersk have unveiled TradeLens, the production version of an electronic ledger for tracking global shipments; the companies say they have 94 participants piloting the system, including more than 20 port and terminal operators.
ASX Limited, which operates the Australian Securities Exchange, says that it is eyeing broader opportunities for a new blockchain-inspired platform set to replace one of its key systems.
The World Bank has chosen the Commonwealth Bank of Australia (CBA) to be the sole arranger of the first bond globally “to be created, allocated, transferred and managed using blockchain technology.”
The Ethereum blockchain platform has been used to help track an international shipment of almonds as part of an experiment backed by the Commonwealth Bank of Australia.
Traditionally siloed and manual corporate finance operations are beginning to test – and in some cases adopt – three still evolving technologies that can offer a single view of corporate data in near real time while also automating arduous business processes.
Google has announced the second of two partnerships that will allow it to offer the financial services industry and others a cloud-based platform on which they can develop and run blockchain-based applications.
IBM is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.
More than half of all U.S. publicly-traded companies – and two-thirds of Fortune 500 firms – are incorporated in Delaware because of its business-friendly laws and well-established corporate legal precedence.
Amazon Web Services (AWS) has joined the list of blockchain-as-a-service (BaaS) providers that already includes IBM, HP, Microsoft, Oracle and SAP.
Headphone maker Monster Products Inc said it is planning to raise up to US$300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the public.