Marsh Collaborates With IBM, ACORD, and ISN to Apply Blockchain Technology for First Commercial Proof of Insurance
Since proof of insurance is a key business requirement in many industries, this blockchain solution opens the door to creating a network of networks to provide verification on a much broader scale.
Source: Marsh Collaborates With IBM, ACORD, and ISN to Apply Blockchain Technology for First Commercial Proof of Insurance, April 16, 2018
Read MoreTravel industry eyes blockchain potential for fees, delays, lost bags
Reducing commission fees, which can reach up to 25 percent of the price of a hotel room for example, is an ongoing battle, as is access to customer data, with some airlines complaining that they don’t get passenger contact details from third parties, crucial when delays occur.
Source: Travel industry eyes blockchain potential for fees, delays, lost bags Victoria Bryan, Reuters | April 10, 2018
Read MoreHow blockchain could solve the internet privacy problem | Computerworld
“I don’t believe there’s a ton of people who are suddenly going to wake up this summer and say, ‘I need to download a self-sovereign identity wallet for my phone,’ ” Windley said. “What’s more likely to happen is they’re going to go into their bank or credit union and they’re going to say, ‘We have this new way of logging into your account.’ You’ll download an app.”
Behind the scenes, the bank and customer will exchange non-correlatable identifiers; they’ll simply scan a QR code and will be signed up for the new identity service.
“Later on, they’ll see that as an [icon] on their phone,” Windley said.
Source: How blockchain could solve the internet privacy problem | Computerworld, Lucas Mearia, Computerworld | April 9, 2018
Read MoreIBM launches starter plan for start-ups to build blockchain projects | CNBC
IBM’s blockchain starter plan is currently in beta testing mode, and is free for developers to use until commercial release. The firm did not disclose how much the product would cost once it is fully released.
Source: IBM launches starter plan for start-ups to build blockchain projects | CNBC, Ryan Browne| March 21, 2018
Read MoreFord to Use Cryptocurrency for Inter-Vehicle Communication System | Bitcoin
The CMMP tokens are used to validate and authorize a transaction in which, at consumer vehicle request, the merchant vehicles either occupy slower lanes of traffic themselves, or allow the consumer vehicle to merge into their own lane and pass as necessary. The participating merchant vehicles gain CMMP tokens from the consumer vehicle.
Source: Ford to Use Cryptocurrency for Inter-Vehicle Communication System | Bitcoin, Samuel Haig, March 28, 2018
Read MoreHyperledger Tech Heats Up Ahead of Software Debuts – CoinDesk
“There’s traction behind each of them, there are multiple companies now participating in development, they are maturing at a rate where they’re ready for production use,” he said, adding:”And in some cases are already in production use.”
Source: Hyperledger Tech Heats Up Ahead of Software Debuts – CoinDesk, Michael del Castillo, March 28, 2018
Read MoreSingapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk
In an announcement on Feb. 5, Singapore Airlines (SIA) said it will launch a digital wallet for its frequent-flyer KrisFlyer program in six months that will be powered by a private blockchain.
According to the airline, the blockchain-based wallet will enable members of the program to spend their air miles at retail partners for point-of-sale transactions.
Source: Singapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk, Wolfie Zhao, Feb 5, 2018
Thanks, Frédéric Dionne!
Read MoreUS Congress Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology | The Daily Hodl
The US Congress just released its massive joint report on the state of the economy, and for the first time an entire chapter is dedicated to cryptocurrency.
What’s even more extraordinary are the number of bullish sentiments on the future of the emerging technology.
Source: US Congress Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology | The Daily Hodl, Staff, March 19, 2018
Read MoreMajor Canadian Bank Files Patent To Make Credit Scores… | News | Cointelegraph
According to the patent, the traditional manner of calculating a credit score is “not transparent”. Customers are not always informed when certain data affects their credit score, nor do they “have the tools to take control of their credit score.”
With distributed ledger technology as described in the patent, customers would be “notified when third party credit checks happen or when the credit score changes.” For example, in the case of a missed bill payment that negatively affected their credit score, consumers would be sent a credit alert.
Source: Major Canadian Bank Files Patent To Make Credit Scores… | News | Cointelegraph, Molly Jane Zuckerman, March 17, 2018
Read MoreBlockchain could save federal agencies billions | CNBC
The government’s current data processing, storage and security systems are in need of help — as the Pentagon’s $800 million mishap makes clear. If the government is serious about nixing inefficiencies and finally reducing our national deficit, it’ll embrace blockchain.
Source: Blockchain could save federal agencies billions | CNBC, T. Richard Stroupe Jr. , CEO, Sequoia Holdings | March 16, 2018
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