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Blockchain

EDF joins Hyperledger to continue blockchain research for energy sector

Another quarter means another tranche of new Hyperledger members have been announced – with energy company EDF and cybersecurity firm WISeKey the standouts. In total, 10 companies have joined the foundation, while BSOS and Hitachi have come on board – the former also a member – as Hyperledger certified service providers (HCSPs). EDF has been…

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Blockchain

Standard Chartered and Northern Trust team up for cryptocurrency custodian

Standard Chartered’s ventures unit, SC Ventures, is working with asset servicing provider Northern Trust to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies. The goal of Zodia is to enable institutions to invest in emerging cryptocurrency assets. It ‘combines the traditional custody principles and expertise of a bank with the agility of a fintech…

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Blockchain

Singapore strides ahead in blockchain with new innovation programme and trade network

The government of Singapore has announced a number of initiatives aimed at increasing real-world adoption of blockchain technologies. Speaking at the Singapore Blockchain Village Peter Ong, chairman of Enterprise Singapore (ESG), ushered in a new Singapore Blockchain Innovation Programme (SBIP). The programme will engage various companies, from large enterprises to technology providers, to help ‘facilitate…

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Blockchain

GoodDollar touts strong usage figures and demand for blockchain-based UBI

Meet GoodDollar. The project, led by eToro CEO Yoni Assia, aims to deliver digital universal basic income (UBI) at scale. Built on the Ethereum mainnet and Fuse.io, GoodDollar enables those who sign up to receive a small daily income in G$ coins. The company issued an update on figures since its September launch, with more…

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Blockchain

Blockchains acquires PayPal-backed Cambridge Blockchain to beef up identity play

Software development company Blockchains has announced the acquisition of Cambridge Blockchain, a Massachusetts-based blockchain identity management and compliance provider. Cambridge Blockchain, which notably secured funding from PayPal in its series A round last year, has two products which aim to strike a balance between trusted, distributed identity to organisations and returning control of personal data…

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Blockchain

How the global Covid-19 pandemic has ended blockchain market volatility

IT vendors seeking to convince CIOs and CTOs about their blockchain-related solutions have been challenged by an apparent shift in market perception. Distributed ledger technology hype reached a peak and as a result, the upside growth potential had fallen significantly. Global blockchain revenues fell by 35 percent between 2018 and 2020. According to the latest…

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Blockchain

IOTA moves into research for blockchain and IoT with Austrian university

The IOTA Foundation is working with the Institute for Information Systems Engineering at TU Wien on blockchain and Internet of Things (IoT) research. The Christian Doppler Laboratory Blockchain Technologies for the Internet of Things (CDL-BOT), named after the famous Austrian mathematician, is a project expected to run for seven years in total. For IOTA, whose…

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Blockchain

Chainalysis secures $100m series C funding to scale with crypto surge

Chainalysis, a provider of blockchain data and analysis across multiple sectors, has raised $100 million (£74.9m) in series C funding – citing a ‘surging’ cryptocurrency market as key to future investment. The funding round is the second for the New York-based company this year, having extended its series B to $49m in July. “As institutional…

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Blockchain

Australian Border Force to work with Singapore on blockchain-based cross-border trade

The Australian Border Force (ABF) has launched a trial with Singapore Customs to use blockchain technology for enabling simpler cross-border trade. The project, alongside Singapore Infocomm Media Development Authority (IMDA), will use blockchain to test digital verification systems. As regular readers of this publication will know, the Australian government has put an extensive roadmap in…

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Blockchain

World Economic Forum muses on blockchain for ‘unique’ Covid-19 vaccine distribution challenge

The past couple of weeks have seen plenty of good news in the shape of a potential Covid-19 vaccine, from Pfizer, to Moderna, to Oxford/AstraZeneca. But efficacy updates are only the first hurdle to clear. Production, distribution and rollout – particularly noting the first two and its requirement for cold storage – remain key issues.…