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China Has Built a Blockchain System That Could Replace Paper Checks

China’s central bank has finished work on a blockchain-based system that digitizes checks issued by domestic businesses, according to a senior official. In an op-ed published by a local news source on Tuesday, Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, said the department has... Read More

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Verge’s Blockchain Attacks Are Worth a Sober Second Look

The notorious 51-percent attack: it’s the major fault in cryptocurrency protocols but it’s rarely seen, especially among the most popular cryptocurrencies. Yet, in the past couple months, the exploit – whereby a single miner (or group of miners) takes control of over half of the network’s total computing power and... Read More

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Abu Dhabi Ports Launches Blockchain Trade Solution for Imports and Exports

Maqta Gateway, a wholly owned subsidiary of maritime industry developer Abu Dhabi Ports, has developed and deployed its own blockchain solution for international logistics and trade. Dubbed ‘Silsal’, Arabic for ‘chain’, the blockchain solution is now the first of its kind platform in Abu Dhabi and will enable real-time tracking... Read More

One Block Team

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China’s President Xi Says Blockchain Part of New ‘Technological Revolution’

President of China Xi Jinping openly praised blockchain technology during a speech May 28, as the technology continues to cement itself in the country’s future plans. Speaking at the Chinese Academy of Sciences’ nineteenth annual conference in Beijing, Xi included blockchain as an example of a “new generation” of technologies delivering “breakthroughs.” “Since the 21st century... Read More

One Block Team

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Australia: PwC, Chamber of Commerce, Port of Brisbane Partner for Blockchain Pilot

PwC Australia, the Port of Brisbane, and the Australian Chamber of Commerce and Industry have partnered to release a blockchain-based supply chain management proof of concept (PoC), according to PwC’s press release published today, May 29. The Trade Community System digital application will connect commercial operators across a supply chain for international trades. The press... Read More

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No Miners? Intel Seeks to Automate DLT Block Verification

Software giant Intel is looking to protect a novel way to verify transactions on a distributed ledger. In a filing released last Thursday by the U.S. Patent and Trademark Office, the company outlines a method by which it would partition and update distributed ledgers automatically, with a processor able to independently verify that new... Read More

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Logistics Giant Maersk Starts Using Blockchain Platform for Maritime Insurance

Transport and logistics company AP Moller-Maersk (a.k.a. Maersk) has begun using blockchain platform Insurwave for maritime insurance, Seatrade Maritime News reports Friday, May 25. Developed by EY and Guardtime, Insurwave uses distributed ledger technology from cloud platform Microsoft Azure and follows global insurance standards. At the beginning of May, Microsoft Azure had announced the release of its blockchain... Read More

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Walmart Looks to Blockchain for Retail Product Resales

A new patent application from retail giant Walmart shows how blockchain could be used to augment its digital offerings for consumers. The document, released last Thursday by the U.S. Patent and Trademark Office, outlines a blockchain ledger which would track the items that stores sell to a particular customer. It’s the... Read More

One Block Team

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Auto Industry Gears Up for Future Powered by Blockchain

We’re all excited for self-driving, even autonomous, cars, and many tout blockchain as the technology needed to make that happen. But while that conversation is an exciting one today, CoinDesk’s Consensus 2018 conference played host to an array of esoteric use cases for the mobility space that showcase how many... Read More