Average Blockchain Project Dies in Less Than Two Years: Report

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Recent years have seen a huge surge in the number of blockchain projects entering the space, with 871 ICOs raising over $6 billion last year compared to just 29 ICOs raising $90 million in 2016. Already this year there have been 777 ICOs and counting as more startups get on the ICO bandwagon – but not all of them are going to make it. Since the invention of blockchain in 2008 there have been 80,000 blockchain projects launched around…

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Shipping Giant Maersk Deploys First Blockchain-based Marine Insurance

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. AP Moller – Maersk, the world’s largest shipping company, has deployed the first blockchain platform for marine insurance, Insurwave, a joint venture between Guardtime, a software security provider, and Ernst & Young, an accounting firm. The platform is also being used by Willis Towers Watson, MS Amlin and XL Catlin. Maersk trialed the system and is using it for its marine hull insurance. Microsoft Azure provides the blockchain technology using ACORD standards, according to Seatrade Maritime News. Platform…

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Blockchain Tech Isn’t Mature Enough Yet: Russian Central Bank Official

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. A senior official at Russia’s central bank has contended that blockchain technology needs to improve in security and scale and is currently not ‘mature’ enough. Bank of Russia deputy governor Olga Skorobogatova was speaking at the annual St. Petersburg International Economic Forum during the weekend when she made several pointed remarks on blockchain technology. According to a local report, the central bank official claimed the decentralized technology is yet to ‘mature’ and hasn’t been used on an…

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Philippines’ Banks to Pilot Ethereum-based Blockchain for Retail Payments

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Five rural banks in the Philippines will conduct a pilot of a real-time retail payments system on a blockchain developed by Ethereum startup Consensys. In a move to further financial inclusion and bring some 35 million unbanked Filipinos into the financial system, the Union Bank of the Philippines (UnionBank) has picked five rural banks in Mindanao – the second largest island in the Philippines – for a blockchain pilot that will test real-time, cheaper retail payments. Dubbed…

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World’s Largest Diamond Retailer Joins De Beers Blockchain Project

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Signet Jewelers, the world’s largest retailer of diamond jewelry, has joined Tracr, the diamond blockchain program being developed by South African gem juggernaut De Beers Group. Signet is part of a growing chorus of industry giants that are part of the Tracr pilot program, which will track each diamond that gets mined on a shared distributed ledger. The blockchain project will ensure that the gems are not illegal “conflict diamonds” mined by slaves in African war zones…

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Chinese Government Orders Faster Blockchain Development

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: “To build a regional equity market in Guangdong, according to the opening up of the capital market, timely introduction of Hong Kong, Macao and international investment institutions to participate in transactions. We will vigorously develop…

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Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed a $25 million ICO in new financing last year to develop a decentralized payments platform Omise Go, powered by OMG, an ERC20…

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American Express Gives Loyalty Program a Blockchain Upgrade

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. American Express has deployed Hyperledger’s blockchain technology to make its Membership Rewards program more versatile, marking the first application of blockchain technology to a major U.S. financial services loyalty program. Under the revamped program, merchants will be able to create Membership Rewards offers on their own platforms to engage customers and at the same time offer card members more opportunities to earn points. Rewards On Select Products American Express is partnering with Boxed, an online wholesale retailer,…

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ed | Blockchain and GDPR: Europe’s Moral Torc

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. This op-ed on GDPR and blockchain was written by Robert Chu — CEO of Embleema, the patient-driven healthcare blockchain, and Former SVP at IMS Health (Now IQVIA) — and Alexis Normand, former Head of B2B of Nokia Digital Health Internet privacy advocates are surely disappointed by Mark Zuckerberg’s mid-April performance in front of the US Senate. After Cambridge Analytica misused 87 Million Facebook users’ accounts for political purposes, the young billionaire demonstrated that Internet platforms do not…

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Bank of America Adds to Growing List of Blockchain Patents

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Blockchain is finding more implementation in the mainstream and Bank of America (BoA) is at the forefront of a group of legacy companies that are using Distributed Ledger Technology (DLT) to validate the veracity of information and those using it. A Security-inclined Blockchain Recently, the bank won another blockchain patent, adding to its growing list of patents in the emerging technology. This recent patent, whose inventors are identified as Kurian and Manu Jacob,is described in abstract as:…

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