The Two Biggest Blockchain Consortiums Join Forces

In a significant move to propel the adoption of blockchain technology in the enterprise sector, two of the largest blockchain consortiums in the industry have announced their formal collaboration. The Enterprise Ethereum Alliance (EEA), a consortium that sees over 300 members working to leverage open-source Ethereum technology for blockchain solutions in enterprise and Hyperledger, a cross-industry working group led by the open-source Linux Foundation, are formally each other’s organizations as associate members, the two said in a press release on Monday. The collaboration between the two consortiums will “accelerate adoption…

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Blockchain Adoption Levels Highest in the Semiconductor Industry: Accenture

A study conducted by global professional services firm Accenture indicates that with regards to the adoption of blockchain technology, the semiconductor sector is currently enjoying the highest levels of bullish sentiment compared to other surveyed sectors. The study which polled mostly senior executives at firms which boasted of yearly revenues of at least US$0.5 billion showed that 88% of the executives in the semi-conductor industry expect to have blockchain technology integrated into their organization’s systems in the next 36 months. The features of blockchain technology that make it appealing to…

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Two of Blockchain’s Biggest Consortiums Just Joined Forces

Seismic shifts are happening in the world of enterprise blockchain. Announced Monday, the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community. This joining of forces is notable as EEA and Hyperledger represent two of the three largest and arguably most influential enterprise blockchain communities, the third being the R3 Corda ecosystem. If the team-up succeeds in creating common standards between the two platforms, it could sway enterprises previously on the fence to…

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Sierra Leone, United Nations to Develop Blockchain Digital ID System

Two of the United Nation’s wings are joining hands with Sierra Leone government to build a blockchain-based ID system for their seven million people. The UN Capital Development Fund (UNDCF) and the UN Development Programme (UNDP) have entered into a partnership with  Kiva, a technology nonprofit. Kiva will lend its institutional protocol of the same name to implement the “Credit Bureau Of The Future.” It would allow Sierra Leone citizens to have complete and secure ownership of their identities, similar to blockchain assets in a decentralized network like that of…

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Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire

Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably. Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently. Wu’s company Ideanomics, formerly called Seven Starts Cloud Group, has invested heavily in artificial intelligence and blockchain companies through companies they acquired and partnered with. The tech company uses the new technologies to disrupt new markets. The U.S. based…

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AT&T Introduces Suite of Enterprise Blockchain Solutions

AT&T has introduced a suite of blockchain solutions to allow enterprises in various industries to track and manage information more efficiently, the telecom giant announced on its website. The solutions include technology from Microsoft and IBM and can benefit users in industries ranging from manufacturing to retail and healthcare. The company noted it is combining its “edge to edge” capabilities with distributed ledger technology (DLT). AT&T’s Internet of Things (IoT) solutions provide monitoring and automation capabilities to various business processes. Manufacturing, Retail And Healthcare For manufacturing companies, AT&T’s blockchain solutions can…

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Austria Turns to Public Ethereum Blockchain for €1.15 Billion Bond Auction

Austria will raise a total 1.15 billion euros in a federal bond auction on Oct. 2 using blockchain notarization, according to Oesterreichische Kontrollbank (OeKB), which oversees the auctions for issuing federal bonds as a neutral capital market participant for the Austrian Federal Financing Agency (OeBFA). The auction demonstrates Austria’s pioneering role in Europe for deploying blockchain technology for sovereign bond issues, according to the notice posted on the Finance Ministry website. Two outstanding German government bonds, 0.75% Federal Bond 2018 – 2018 and 0.00% Federal Bond 20166 – 2023, will be…

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World’s First Blockchain Identity Laboratory Launched In Scotland

Europe’s first dedicated blockchain research facility and the world’s first advanced blockchain identity laboratory has been launched in the Scottish capital of Edinburgh. Blockpass Identity Lab @ Edinburgh Napier University launches today! @scotlandis @BlockpassIDLab @EdinburghNapier pic.twitter.com/alk9ZgHftH — Blockpass (@BlockpassOrg) September 26, 2018 Known as the Blockpass Identity Lab, the pioneering blockchain research facility will focus on exploring ways in which blockchain technology can be applied in protecting personal data online according to The Scotsman. Built at the Merchiston Campus of the Edinburgh Napier University, the laboratory is part of a…

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Sierra Leone to Develop Blockchain-Based ID Platform With UN Partnership

Two United Nations divisions are teaming with the nation of Sierra Leone and a technology non-profit to launch a blockchain-based identification system. The U.N. Capital Development Fund (UNCDF), the U.N. Development Program (UNDP), along with Sierra Leone president Julius Maada Bio and non-profit Kiva announced a project to “modernize the credit bureau” on Thursday during the 73rd session of the U.N. General Assembly. According to Kiva, Sierra Leone was chosen as it only has one credit bureau that serves 2,000 people, or less than 1 percent of the country’s total…

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Chinese Search Giant Baidu Shares Details of Upcoming Blockchain

Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology and a stereoscopic network, according to the white paper. The nodes of XuperChain use multi-core parallel calculations, maximizing the work of processors, and employ sidechains to speed up the network. While Baidu has more than 50 patents for XuperChain and maintains 100 percent ownership of the intellectual property, the white paper notes that the…

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