Volkswagen Seeks Patent for Inter-Vehicular Blockchain Communications System

Volkswagen has applied for a patent allowing vehicles to communicate with each other through a blockchain-based network aimed to increase road safety by warning of nearby vehicles and alerting the driver to potential collisions. The system could potentially be used to negotiate actions like merging lanes, overtaking, and a number of other high-risk activities on the road. “In Vehicle-to-Vehicle communication messages are exchanged between vehicles to enable novel safety-relevant use cases. Most of the currently known use cases provide warnings to alert a driver about an imminent event, such as…

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Chinese Search Giant Baidu to Launch Rewards on Blockchain Platform

Baidu, widely dubbed as the Google of China, is going to launch rewards and announce the blockchain layout of their project “Totem” in an upcoming conference on July 18. Totem, a blockchain-based platform, was launched by Baidu in April. Totem utilizes blockchain technology to manage the intellectual property rights of images. They aim to enable more efficiency in the ownership of images and preventing infringements, according to its website. “The copyright information of the work is permanently written into the blockchain. Based on the credibility and incomprehensibility of the blockchain, combined…

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Spain’s Securities Regulator Undertakes a Blockchain Pilot

Spain’s securities regulator Spanish National Securities Market Commission (CNMV), BME and various banking and financial institutions Banco Santander, BBVA, BNP Paribas, CaixaBank, Commerzbank and Société Générale have announced the completion of the pilot test for the Fast Track Listing (FTL) project. In a statement the CNMV has announced: “The objective has been to simplify processes and reduce the amount of time needed to register issuances. It has been proven that the use of blockchain technology can improve efficiency in terms of time and resources, as well as increase the security…

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All Big Insurers Are Uniting Behind R3’s Blockchain Tech

R3 has scored another win in the insurance sector, giving the startup a wide lead over other distributed ledger technology (DLT) providers in the sector. Revealed exclusively to CoinDesk, the RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3’s Corda platform. The news comes soon after B3i, the European reinsurance consortium, decided to switch from Hyperledger Fabric to Corda. With the addition of RiskBlock, R3 now counts all the major insurance blockchain consortia as Corda…

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British MP Says Blockchain Technology Can Save UK £8 Billion

Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust. In a report issued today entitled ‘Unlocking Blockchain,’ MP Hughes  made a number of other recommendations including an international blockchain competition to encourage talented blockchain developers and proposed a UK blockchain developmental target described as “a longterm aim for government departments to make a 1 percent efficiency by embracing blockchain and other associated technologies.” The 1 percent saving would amount to £8…

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HTC Layoffs Won’t Impact Production of ‘World’s First Blockchain Phone’

Smartphone manufacturer HTC’s recently-announced round of layoffs will not affect the development or production of the HTC Exodus, which the firm has said will be the “world’s first native blockchain phone,” CCN has learned. This week, the Taiwan-based company announced that it would be laying off 1,500 employees – nearly 25 percent of its global workforce — as it seeks to streamline and consolidate its operations. When reached for comment, a company spokesperson told CCN that the layoffs would not affect the development of the Exodus, adding: “Today’s reduction in…

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Microsoft Launches Enterprise Blockchain Partnership in Taiwan

Microsoft Taiwan has entered a partnership with Digital China and Hot Cool in the hope that the three companies can use blockchain technology to improve the financial, e-commerce, entertainment, and other industries. The three-party blockchain alliance unveiled the initiative at a conference on June 28 at the Le Méridien Hotel in Taipei City. Sun Jikang, the general manager of Microsoft Taiwan, explained that he believes Microsoft Azure can improve the computing speed and security of Digital China’s digital blockchain services. For those unaware, Azure is a cloud computing service offered…

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Bermuda Amends Banking Act to Favor Blockchain Startups

Bermuda continues its push to become a global hub for blockchain and fintech innovation, having recently announced plans to change its banking laws to create a class of banks catering to blockchain and fintech companies, according to Finextra. The amendment to the country’s Banking Act follows the recent passage of a Digital Asset Business Act and an initial coin offering (ICO) bill. Local Banks Unresponsive To Fintech David Burt, premier and finance minister, recently introduced the new bill to Parliament after learning that local banks are not willing to offer…

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Major European Banks Complete Live Trades on IBM Blockchain

After undergoing development for over a year, the first live trades have occurred on the IBM-powered trade finance blockchain platform, we.trade. Through four banks, 10 firms were able to execute 7 trade transactions across 5 countries in the last 5 days. These are the first such trade transactions employing blockchain technology to be considered commercially viable. We are delighted to confirm that the https://t.co/yCDOCpSema blockchain platform has completed multiple real-time customer transactions. https://t.co/UuRhPztDz4@DeutscheBank @HSBC_UK @KBC_BE @natixis @Nordea @Rabobank @bancosantander @SocieteGenerale @UniCredit_PR pic.twitter.com/jIlBThc33c — we.trade (@we_dot_trade) July 3, 2018 The we.trade…

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UK Food Safety Watchdog Successfully Trials Blockchain in a Slaughterhouse

The UK government’s food safety watchdog has completed a successful trial of blockchain technology for meat inspection in a supply chain. The Food Standards Agency (FSA) has concluded a successful blockchain pilot tracking meat from a cattle slaughterhouse, labeling it ‘the first time blockchain has been used as a regulatory tool to ensure food compliance in the food sector’. The pilot involved an unnamed slaughterhouse whose meat was tracked on a permissioned blockchain. Data recorded on the decentralized ledger was accessible by both the FSA and the slaughterhouse as permissioned…

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