The Block http://www.nuitdustyx.com Blockchain Technology News Wed, 11 Mar 2020 12:49:19 +0000 en-GB hourly 1 http://wordpress.org/?v=5.2.2 The Block http://www.nuitdustyx.com/2020/03/11/three-quarters-of-execs-see-blockchain-as-enterprise-wide-priority-says-wipro/ http://www.nuitdustyx.com/2020/03/11/three-quarters-of-execs-see-blockchain-as-enterprise-wide-priority-says-wipro/#respond Wed, 11 Mar 2020 12:49:17 +0000 http://www.nuitdustyx.com/?p=5644 More good news for those tracking blockchain’s expected rise in the enterprise: a new report from Wipro has found three quarters of executives polled said they look at blockchain as an enterprise-wide strategic priority. The report, whose title ?‘Ignore Blockchain At Your Peril, But Don’t Drive Blindly??intimates the overall message, was put […]

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2020欧洲杯投注盘口More good news for those tracking blockchain’s expected rise in the enterprise: a new report from Wipro has found three quarters of executives polled said they look at blockchain as an enterprise-wide strategic priority.

2020欧洲杯投注盘口The report, whose title ?‘Ignore Blockchain At Your Peril, But Don’t Drive Blindly??intimates the overall message, was put together by HFS Research and polled 300 senior executives, a third of whom were C-suite, around current and future blockchain initiatives.

Right now, more than 95% of enterprise blockchain projects focus on six broad areas: identity, crypto, trade, payments, supply chain and finance. These initiatives are described as ‘nascent? ‘challenging?and ‘ambitious? with three quarters are less than two years old. Only 14% are at production stage ?a challenge which the industry continues to face.

Generally, enterprises are at the ?0-30-10?point. The report notes around 60% of enterprises are still unclear about blockchain technologies, while almost 30% are struggling to get started.

“In 2019, we witnessed pioneering blockchain initiatives succeed and proceed from proofs of concept to pilots to ‘live, in-production?while several other efforts failed to move beyond laboratories,?said Saurabh Gupta, chief research officer at HFS Research. ?020 promises to be the most exciting year with enterprise blockchain adoption coming of age to solve real-world business problems.?/p>

This is by no means the only study which has derived a similar message. Earlier this month, a report from R3 argued that companies 2020欧洲杯投注盘口were becoming ‘smarter?/a> about their projects, and those who have taken the time to work on privacy, performance and integration in 2018 and 2019 were best placed to succeed in 2020.

2020欧洲杯投注盘口Wipro noted 10 takeaways in total, the highlights of which include:

  • Keep blockchain investments real: The correlation between blockchain project satisfaction and compelling business case, stakeholder alignment and desired outcome is high, the report said. The true potential might not be seen until adoption becomes more real and widespread
  • Integrated solutions, rather than blockchain alone, will solve business problems: More than 90% of blockchain projects are interlocking with other emerging technologies ?particularly IoT and machine learning
  • Blockchain will require competitors to come together: Similar to prognostications around IoT, this is all around data and being deployed across organisations. ‘Until organisations are convinced of the value proposition of the hyperconnected world and a sharing economy, blockchain will struggle to realise the value potential it promises,?the report warned

“A balanced approach to blockchain is critical to drive meaningful success,?Gupta added. “One can no longer ignore blockchain as a value creation lever, nor should they be taken in by all the hype.?/p>

You can read the full report here (pdf, opt-in required).

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/03/09/walmart-leads-septet-of-new-hyperledger-members/ http://www.nuitdustyx.com/2020/03/09/walmart-leads-septet-of-new-hyperledger-members/#respond Mon, 09 Mar 2020 10:52:20 +0000 http://www.nuitdustyx.com/?p=5641 2020欧洲杯投注盘口Hyperledger has announced a tranche of new members at its global forum in San Francisco ?with retail giant Walmart leading the way. In total, seven companies have joined up to the Linux Foundation-backed blockchain technology initiative across various roles. Some, such as Tangem, a Swiss-based manufacturer of blockchain-based smart card wallets, and Clear, a […]

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Hyperledger has announced a tranche of new members at its global forum in San Francisco ?with retail giant Walmart leading the way.

In total, seven companies have joined up to the Linux Foundation-backed blockchain technology initiative across various roles. Some, such as Tangem2020欧洲杯投注盘口, a Swiss-based manufacturer of blockchain-based smart card wallets, and Clear, a provider of blockchain-based settlement and clearing networks, will be familiar to industry watchers.

2020欧洲杯投注盘口Others, such as Conduent, a spin-off of Xerox providing professional technology services, and document managing solution provider Joisto Group, focus on different areas. The list is completed by Ajou Technology, a Chinese blockchain solutions provider, and Tokenation, a brand new startup built on Hyperledger Sawtooth.

As noted by Forbes in its recent list2020欧洲杯投注盘口 of the 50 most significant blockchain technology players, Walmart’s primary blockchain platform is Hyperledger Fabric. The company said it was ‘excited?by the initiative.

“Walmart is excited to participate in open source communities, coming together to create scalable and adaptable technology,?said Sanjay Radhakrishnan, vice president of Walmart global tech in a statement. “We’ve seen strong results through our various deployments of blockchain, and believe staying involved in open source communities will further transform the future of our business.?/p>

The previous membership announcement was in January at the Davos jamboree. Cognizant was the standout name, with Symbridge and the University of Hong Kong among others to sign up.

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/03/06/nike-and-macys-take-part-in-auburn-university-blockchain-trials/ http://www.nuitdustyx.com/2020/03/06/nike-and-macys-take-part-in-auburn-university-blockchain-trials/#respond Fri, 06 Mar 2020 16:02:27 +0000 http://www.nuitdustyx.com/?p=5637 Auburn University’s RFID Lab has developed a blockchain platform for retailers who can share their product data across the retail supply chain, with major apparel brands like Nike and Macy’s, along with other brands, participating in a recent trial of the new platform. According to a study called the Chain Integration Project (CHIP), Nike, Macy’s […]

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2020欧洲杯投注盘口Auburn University’s RFID Lab has developed a blockchain platform for retailers who can share their product data across the retail supply chain, with major apparel brands like Nike and Macy’s, along with other brands, participating in a recent trial of the new platform.

According to a study called the Chain Integration Project (CHIP), Nike, Macy’s and other brands ran Hyperledger Fabric nodes on a part of their major supply chains, eventually finding out that the blockchain technology can be a very promising way of sharing data.

In the US, the RFID Lab has been one of the important bases for retailers?experimenting with emerging technology, such as the blockchain, which made CHIP as the Auburn research institute’s first blockchain project as a result. To date, many retailers have started keeping a track on the movement of their products through RFID tags installed in each and every unit. For instance, Nike products have similar tags that help the company to keep a tab on the movements of its products.

In October2020欧洲杯投注盘口, IKEA made an entry into the blockchain domain by conducting a transaction with Nordic Store, an Iceland-based retailer, on the Ethereum blockchain. The transaction, which was carried through cloud-based digital B2B spend management platform Tradeshift, was settled through an e-invoice with Monerium’s programmable digital cash.

Last month, Kroger launched a new feature, called Kroger Precision Marketing (KPM), which provides brands and suppliers with more transparent sales attribution. The feature allows brands to view in-store and online sales results attributed to campaigns across Kroger properties.

Photo by Josh Redd on Unsplash

Interested in hearing more in person? Michel Rauchs is speaking at Blockchain Expo Global, on March 17-18. Find out more about the Blockchain Expo World Series, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/03/06/michel-rauchs-ccaf-on-libra-bitcoin-power-consumption-and-learning-from-history/ http://www.nuitdustyx.com/2020/03/06/michel-rauchs-ccaf-on-libra-bitcoin-power-consumption-and-learning-from-history/#respond Fri, 06 Mar 2020 10:39:31 +0000 http://www.nuitdustyx.com/?p=5628 Of all the emerging technologies set to transform business processes, blockchain stands on its own for a variety of reasons. Whereas many ?5G, cloud, augmented reality ?are the next iteration of what has come before, blockchain stands alone. As a result, it’s difficult to rely on past laurels. Those at the sharp end […]

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Of all the emerging technologies set to transform business processes, blockchain stands on its own for a variety of reasons. Whereas many ?5G, cloud, augmented reality ?are the next iteration of what has come before, blockchain stands alone.

As a result, it’s difficult to rely on past laurels. Those at the sharp end need to have interests and expertise in a variety of specialisms, from computer science, to economics, to geo-politics.

2020欧洲杯投注盘口Michel Rauchs (left) is a researcher whose focus is predominantly around digital assets and distributed systems. He previously led the cryptocurrency and blockchain research programme at the Cambridge Centre for Alternative Finance (CCAF), where he still resides as a research affiliate.

Rauchs took a year out from his studies to ‘make sense?of all the disciplines required to understand blockchain technologies, though primarily Bitcoin at first. “During my studies, it really was something that fed into all of these intersections ?all the disciplines I had been interested in,?says Rauchs. “That’s when I realised I had absolutely no idea how it worked.?/p>

2020欧洲杯投注盘口Learning more about the disciplines meant learning about the vociferous tribes which govern Bitcoin. As the industry matures, the tribes appear to have not. Yet this is no bad thing. “Paradoxically, the more divided a community is, the more difficult it is to find consensus on anything, then the properties of that particular system are as real as they can get,?says Rauchs.

“Let’s take a step back and look at what a cryptocurrency actually is and how it gets value. It’s just code, right? And the code is open source so anyone can just take it, change it, and then essentially launch their cryptocurrency,?he adds.

“The only thing that makes a cryptocurrency worth something is the difficulty to actually change its key parameters,?says Rauchs. “In the case of Bitcoin, that would, for instance, be its 21 million coin limit. If it’s easy to change that characteristic then it isn’t worth anything. The only thing that really prevents changing these properties is that it’s really difficult for the community to agree to do something ?to define consensus around the rules that govern the system.?/p>

When we sit down to speak, Libra, Facebook’s digital currency, was in the news, with Mastercard’s CEO, Ajay Banga, going on record that national payment systems were ‘really stupid? According to reports2020欧洲杯投注盘口, Facebook has recently proposed making significant changes, reverting to digital versions of established currencies.

“I think it’s often inaccurately portrayed as a cryptocurrency,?Rauchs says of Libra. “Nevertheless, Libra essentially came to fruition as an idea because Bitcoin and cryptocurrencies really opened that Pandora’s box; forcing governments and payment providers to reassess existing infrastructures and processes.?/p>

2020欧洲杯投注盘口Here’s where another history lesson can be learned. Rauchs notes the similarities between Libra and non-sovereign currencies ?private money issued and distributed by private corporations.

“If you have a company like Facebook, or a consortium like Libra, which covers at least 2-3 billion people globally, introducing its own currency, that could have a massive impact on the ability of central banks to initiate monetary policy,?says Rauchs. “Even beyond that ?essentially the authority of governments themselves.?/p>

Libra’s model ?if it comes to fruition ?could also have serious effects for the world’s largest payment providers. In October2020欧洲杯投注盘口, with binding commitments looming, Visa, Mastercard, and others, pulled out. Rauchs argues the move was more than just coincidence.

2020欧洲杯投注盘口“They wanted to have a seat at the table just to get first-hand information on what this project was all about,?argues Rauchs. “[The fee] was literally peanuts to give them an idea of what’s going on and the model that could potentially disrupt their businesses.

“I don’t really think they were supporting Libra right from the start ?it was just a way to get first-hand information, and when the regulatory pressure got too high, they just conveniently pulled out.?/p>

Scholars will know that technology history tends to repeat itself ?and as we have seen, the history of monetary systems can easily follow particular parameters. Rauchs?maxim for such a development is that transitions ‘play out over decades.?/p>

“There’s no big crash and you start with a different system ?especially if you’re talking about international monetary standards,?says Rauchs. “It’s different if you talk about countries like Zimbabwe and Argentina, for example, where you have hyperinflation, and then from literally one day to another you start with a new currency.

“When you’re talking about the international monetary system that has been based on gold and then after that the US dollar, to continue different international monetary orders, that’s going to take at least 10-20 years, with a lot of experimentation in the meantime. It’s quite exciting to be honest.?/p>

Rauchs is speaking at Blockchain Expo Global later this month around Bitcoin’s purported environmental impact. The statistics have been alarming; the standout figure was that Bitcoin consumed more energy than Switzerland. Yet it is a more complicated picture than that.

“The way that Bitcoin is being valued for different people right now is completely subjective,?says Rauchs. “For some people, it’s an essential part of their life, in the sense that they don’t have access to other payment systems; for other people it’s some sort of gimmick, and definitely not worth the electricity it consumes.

“The only thing we can say today is that Bitcoin right now is at least not directly contributing to climate change, though the level of energy consumption is really high,?adds Rauchs. “You need to look at the energy mix, and what sources of energy are going into producing that electricity. With Bitcoin, it turns out it’s mostly abundant hydropower, that would otherwise be wasted anyway.?/p>

Interested in hearing more in person? Michel Rauchs is speaking at Blockchain Expo Global, on March 17-18. Find out more about the Blockchain Expo World Series2020欧洲杯投注盘口, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/03/05/ey-consensys-and-microsoft-team-up-for-baseline-enterprise-ethereum-project/ http://www.nuitdustyx.com/2020/03/05/ey-consensys-and-microsoft-team-up-for-baseline-enterprise-ethereum-project/#respond Thu, 05 Mar 2020 12:24:17 +0000 http://www.nuitdustyx.com/?p=5625 Ernst & Young (EY), ConsenSys and Microsoft are coming together to form a protocol which aims to make Ethereum ‘safe and effective?for enterprise usage. Making blockchain technologies enterprise-friendly has long been a goal of the industry; the key part being increasing the transaction speed to deal with complex organisational goals. The efforts of the […]

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Ernst & Young (EY), ConsenSys and Microsoft are coming together to form a protocol which aims to make Ethereum ‘safe and effective?for enterprise usage.

Making blockchain technologies enterprise-friendly has long been a goal of the industry; the key part being increasing the transaction speed to deal with complex organisational goals. The efforts of the Enterprise Ethereum Alliance (EEA) and Foundation aside, Ethereum has so far struggled on this front, although suggestions are that the move to thousands of transactions per second is not far away.

Yet many other stakeholders are joining hands, as the EY and ConsenSys initiative demonstrates. The project, in association with Microsoft, is called the Baseline Protocol. The Ethereum Foundation and EEA are behind this, as they fund the Ethereum-Oasis Project, which is governing the work.

“The protocol will enable confidential and complex collaboration between enterprises without leaving any sensitive data on-chain,?the companies noted.

The theory behind the protocol is sound, aiming to use blockchain technologies as a secure registry and aim to disrupt the long-standing ERP and CRM markets. Failure to synchronise these systems leads to what the companies call ‘value leakage? missed selling opportunities, lost inventory, not to mention the data breaches and regulatory headaches. Employing the public Ethereum Mainnet as the baseline approach makes sense, the companies say, as it’s always on, companies cannot be locked out or restricted from use, and they only need to pay for what they use.

2020欧洲杯投注盘口This is not these three companies?first time in the saddle: last year saw work undertaken on a supply chain project, codenamed Radish34, which used public Ethereum to enable real-time volume discount calculation across various purchase orders. From this, the Baseline Protocol was born.

“Over the last two years, we have been advancing the state of the art for private, secure transactions on public blockchains,?said Paul Brody, EY global blockchain leader in a statement. “This takes the groundwork we have built and starts filling in gaps such as enterprise directories and private business logic, so companies will be able to run end-to-end processes like procurement with strong security.?/p>

You can find out more about the Baseline Protocol here.

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/03/02/john-calian-svp-deutsche-telekom-how-blockchain-brings-trust-to-the-emerging-m2m-economy/ http://www.nuitdustyx.com/2020/03/02/john-calian-svp-deutsche-telekom-how-blockchain-brings-trust-to-the-emerging-m2m-economy/#respond Mon, 02 Mar 2020 10:38:12 +0000 http://www.nuitdustyx.com/?p=5616 “Think about all of your interactions, whether it’s humans dealing with humans or humans dealing with machines,?John Calian, senior vice president and head of T-Labs at Deutsche Telekom, explains. “How do you trust things??The concept of trust, so central to the rise in blockchain technologies, is one where consumers are increasingly gaining power. […]

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“Think about all of your interactions, whether it’s humans dealing with humans or humans dealing with machines,?John Calian, senior vice president and head of T-Labs at Deutsche Telekom, explains. “How do you trust things??/p>

The concept of trust, so central to the rise in blockchain technologies, is one where consumers are increasingly gaining power. But there is a long way to go. A report from the NYU Stern Center for Business and Human Rights in September predicted several forms of disinformation which will muddy the waters of the 2020 US presidential elections.

While many of the biggest tech players are making agreeable noises ?Instagram trialling hiding likes, Twitter banning political advertising, Facebook combating fake news ?consumers are understanding how much they, and their data, are worth. So is the time right for disruption?

“It’s a massive topic,?Calian (left) tells The Block. “I think most people now are well aware that although they love Facebook, Google and Instagram, they also should be very careful not to trust it completely.?/p>

Calian quickly notes that he may be ‘a little ahead?of himself ?but the trend is there. His job role at Deutsche Telekom suggests something of a disparity; experimentation with emerging technologies, but the management and shareholder responsibility with SVP status. The latter naturally tends to dominate; his role is to manage the lab and ensure that all his team are pulling in the right direction with whatever they need.

With blockchain one of the three main technologies under the lab’s remit ?artificial intelligence and machine learning, and augmented and virtual reality are the other two ?it is useful to have a more general goal. Trust is the form which that takes. “What we’re doing is preparing for that future, and we want to offer the infrastructure to anybody who wants to take advantage of it,?says Calian.

2020欧洲杯投注盘口The lab undertakes an impressive amount of work, mixed evenly between academic and commercial. Over the past year, around 80 papers have been published and 15 patents filed for on the former, and 13 minimum viable products (MVPs) created on the latter.

2020欧洲杯投注盘口Some of these MVPs are going into a new startup, trust2core, to which Calian has previously advised and will manage going forward. As the name suggests, the focus is on building trust, and ensuring identity in networks. Identity has long since been cited as a key use case for telcos to thrive in the blockchain system ?but Calian argues it goes further.

“I think for the technology world in general, identifying things, identifying services, identifying people, computers ?it’s never been more important that we trust both the origination and termination of connection,?says Calian. “Blockchain is a beautiful technology to help solve the problem of disrupting the identity of things.

2020欧洲杯投注盘口“For the systems we create in the future, I believe strongly that identity is going to be at the core offering, and there’s opportunity for companies to create new things where identity, and the security of data and privacy, are paramount to the success of the new companies that are going to emerge,?Calian adds.

Noting that ‘people clearly aren’t running away?from Big Tech and the social networks, does an element of trust nevertheless have to be regained by the industry? Yes, Calian argues. “We are now able to architect and deploy systems where everything starts with trust, based on self-sovereign identities, whether it’s human or machine,?he adds. “This is a paradigm shift.?

2020欧洲杯投注盘口At the heart of Calian’s theory on blockchain technology, alongside artificial intelligence, is that at the highest level these will form the backbone of this new machine-to-machine (M2M) economy. The machines will make decisions for us, which explains the AI aspect, but first we need to trust the machines ?which is where blockchain comes in.

This is ultimately the message which Calian will be portraying at the Blockchain Expo Global2020欧洲杯投注盘口 event in London on March 17-18. Delivering a session around how the ‘molecular economy?will power the future M2M economies, Calian will aim to explain how the wheels are inexorably turning toward this future.

2020欧洲杯投注盘口“I want the audience to understand that we are far beyond talking about cryptocurrencies,?says Calian. “We are deep into talking about system design, system architecture, new systems that utilise blockchain to be more efficient, to drive profitable margins higher, to reduce costs, to bring companies together in ways of working that they haven’t been able to do before.

“If the world goes the way we think it will, companies can start connecting and doing business without having to go through a lot of due diligence, or go through a lot of integrations.?/p>

Interested in hearing more in person? John Calian is speaking at Blockchain Expo Global, on March 17-18. Find out more about the Blockchain Expo World Series2020欧洲杯投注盘口, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/02/28/kaspersky-unveils-new-blockchain-based-voting-machine-reports/ http://www.nuitdustyx.com/2020/02/28/kaspersky-unveils-new-blockchain-based-voting-machine-reports/#respond Fri, 28 Feb 2020 15:24:34 +0000 http://www.nuitdustyx.com/?p=5614 2020欧洲杯投注盘口Kaspersky Lab has introduced a voting machine based on Polys, a blockchain-based online voting system. Kaspersky’s new voting machine would work like distributed ledger technology wherein the votes would be encrypted and the link between the voters would be verified, after which they will be able to confirm their vote that has been recorded on […]

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2020欧洲杯投注盘口Kaspersky Lab has introduced a voting machine based on Polys, a blockchain-based online voting system.

2020欧洲杯投注盘口Kaspersky’s new voting machine would work like distributed ledger technology wherein the votes would be encrypted and the link between the voters would be verified, after which they will be able to confirm their vote that has been recorded on the blockchain.

The new system would aim to help reduce the possibility of fraud by verifying voters, as they would be able to exercise only one vote for every election or primary. Moreover, it would also eliminate the need for most polling places in urban centres where Internet connections are more consistent. Preventing election fraud with blockchain-based voting systems has already been explored by certain governments. For instance, Sierra Leone was the first country in the world to use blockchain in an election where about 70% of votes were recorded in 2018.

Last June, Massachusetts-based voting and citizen engagement platform Voatz raised a total of $7 million (£5.53m) in a series A fundraising round. The Voatz platform, which uses biometrics, encryption, and blockchain to enhance convenience, security, and auditability to election systems, allows citizens to vote in all kinds of elections and voting events through a secured smartphone or a tablet.

Yet not all has been secure with such technologies. At the Iowa caucuses at the start of this month, as part of the Democratic Party’s activities for the 2020 US presidential elections, the results were beset by technical glitches. As of today, following a recount, the Associated Press has declined to declare a winner, with the Iowa Democratic Party planning to certify the results on Saturday.

At the time of the error, criticism was aimed at Voatz, believing their technology was part of the process. The company clarified its stance in an official post2020欧洲杯投注盘口 earlier this month. “We want to make it clear that Voatz was not involved in the Iowa caucuses, and using an app to tabulate in-person caucus votes is not mobile voting,” the company wrote.

Saying election security was its ‘number one priority’, the company added: “We’ve been in the industry for nearly five years and have run more than 50 safe and secure elections. We work closely with partnering jurisdictions to ensure a voter-verified, auditable paper trail, and rigorously evaluate the technology’s resilience and progress along the way.”

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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The Block http://www.nuitdustyx.com/2020/02/28/global-market-for-blockchain-applications-in-microgrids-to-surpass-1-2bn-by-2028-says-navigant/ http://www.nuitdustyx.com/2020/02/28/global-market-for-blockchain-applications-in-microgrids-to-surpass-1-2bn-by-2028-says-navigant/#comments Fri, 28 Feb 2020 10:00:57 +0000 http://www.nuitdustyx.com/?p=5612 2020欧洲杯投注盘口The latest report from Navigant Research has predicted that the global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2b by 2028, experiencing a compound annual growth rate (CAGR) of 67.8 per cent from 2019-2028. The report, which examines trends driving the development of blockchain applications for both microgrids, states […]

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2020欧洲杯投注盘口The latest report from Navigant Research has predicted that the global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2b by 2028, experiencing a compound annual growth rate (CAGR) of 67.8 per cent from 2019-2028.

The report, which examines trends driving the development of blockchain applications for both microgrids, states that the microgrid vendors and energy blockchain vendors are exploring more and more use cases wherein both technologies are combined together.

2020欧洲杯投注盘口As blockchain is still in the early stages of development and commercialisation, its attributes demonstrate potential in solving the main issues related to the financing and operations of grid-connected and remote microgrids.

Johnathon de Villier, research analyst with Navigant Research, said: “For grid-connected microgrids, low friction, smart contract-driven transactions can open new revenue streams for service providers, aggregators, and distributed energy resources (DER) owners ?and potentially play a future role in grid automation. In remote microgrids, blockchain-based models for asset finance and ownership can help fund microgrid deployments for energy access and create a foundation for future investment.?/p>

Last December, Gartner’s survey titled “IoT Adopters Embrace Blockchain?argued that blockchain is a matching technology for the Internet of Things and can help it to overcome some of its biggest problems. According to the survey, 75 per cent of IoT technology adopters in the US have already adopted blockchain or are planning to adopt it by the end of 2020. It was revealed that pharmaceuticals, energy, healthcare, and transportation are the industries which are leading in blockchain adoption.

Read more: Energy blockchain applications market predicted to see 67% CAGR in the coming decade

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.   

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The Block http://www.nuitdustyx.com/2020/02/26/coolbitx-secures-16-75m-in-series-b-funding-to-build-out-crypto-infrastructure/ http://www.nuitdustyx.com/2020/02/26/coolbitx-secures-16-75m-in-series-b-funding-to-build-out-crypto-infrastructure/#respond Wed, 26 Feb 2020 15:21:27 +0000 http://www.nuitdustyx.com/?p=5608 2020欧洲杯投注盘口Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex. As CoolBitX has successfully raised funds, the company now intends to expand the presence of its […]

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Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant solution for virtual asset service providers (VASPs) around the world. The company will continue to innovate and develop its flagship product CoolWallet S, which is a Bluetooth-enabled hardware wallet for cryptocurrencies.

2020欧洲杯投注盘口“The borderless nature of digital assets requires a solution that isn’t bound by geographical boundaries, and we are proud to partner with CoolBitX on their journey to bring a secure and easy-to-implement system to the world,?said Yoshitaka Kitao, president and CEO of SBI Holdings.

Earlier this month, California-based Paystand raised $20m2020欧洲杯投注盘口 in series B funding that will help the cloud-based PaaS payment network to expand its products and services. The secured funds will also help the firm to expand sales, marketing, success, and engineering teams at its California and Mexico offices. The platform simplifies complex commercial transactions and payments for enterprises, with the company claiming it wants to do for enterprise transactions what Venmo has done for consumer-to-consumer deals.

Singapore-based Clear Blockchain Technologies also raised $13m2020欧洲杯投注盘口 in its series A round to further its mission to ‘transform B2B enterprise clearing and settlement?through blockchain. The company has developed a blockchain-based platform that helps enterprises automate contracts and data management, whereas guaranteeing control, security, and privacy in networks with multiple partners. This shared ecosystem allows automatic payments and clearing, reducing transaction fees, long payment cycles and managing fraud prevention.

Interested in hearing more in person? Find out more at the Blockchain Expo World Series2020欧洲杯投注盘口, Global, Europe and North America.

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