Posts Tagged ‘blockchain’
Don’t Throw the Blockchain Babies out with the Bathwater
We’ve demonstrated time and time again that with enough human and financial capital and time, we can overcome great technical challenges. Gartner talks about how, over time and at the end of a hype cycle, a productive equilibrium is ultimately reached. Well-funded pioneers are hard at work to create something truly meaningful and useful with the technology. But it will take time. Wise leaders will change their perspective to look past the noise in the space to uncover the work of true consequence that is well underway today.
Source: Don’t Throw the Blockchain Babies out with the Bathwater, Alison McCauley, November 18, 2018
Read MoreBlockchain FX Netting System Goes Live: Goldman, Morgan Stanley Join
IBM’s Marie Wieck, head of blockchain at the company, described the launch as “testament to the ongoing maturity of blockchain technology and the value that it can deliver in practice.”
Source: Blockchain FX Netting System Goes Live: Goldman, Morgan Stanley Join, Ed Targett, November 29, 2018
Read MoreA Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg
On this week’s episode of Odd Lots we speak to Angus Champion de Crespigny, who formerly advised companies on how to use blockchain technology, but who now believes that ultimately it won’t get them anywhere. In our discussion, he explains the limitations of the technology, and where he sees actual opportunities.
Why Blockchain May Never Benefit Corporations by Odd Lots
Why Blockchain May Never Benefit Corporations
As someone who’s been involved in both public and private blockchain development, there is an element of truth to Angus’ statements. But advisors at various projects probably said the same of Electronic Data Interchange (EDI) back in the early 70s, if they were born yet 🙂
Enterprise/private blockchain is EDI, re-architected.
— Steven
Source: A Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg, Joe Weisenthal and Tracy Alloway, November 19, 2018
Read MoreLeading Charity Oxfam Launches Blockchain-Based Rice Project
On top of ensuring farmers from within developing nations receive a fair price on the goods they export, the BlocRice project also aims to introduce cashless payments. In collaboration with Acleda bank, the project will assist farmers in their attempt to reach banking services – something than many rural Cambodian regions are currently unable to access.
Source: Leading Charity Oxfam Launches Blockchain-Based Rice Project, Kane Pepi, November 19, 2018
Read MoreWhat I learned from 30 Blockchain CEOs » Brave New Coin
It’s important to keep in mind that while blockchain is disruptive, it’s bound by the same rules as most businesses. They need to find good talent, build strong cultures, get their hands dirty in real work, and add actual value.
Source: What I learned from 30 Blockchain CEOs » Brave New Coin, Misha Yurchenko, Novmber 18, 2018
Read MoreThe Blockchain Technology Penetrates The Fashion World: H&M Empire Gives VeChain A Try | Crypto Update
Before buying an item, conscientious shoppers can open their VeChain app, scan a product’s NFC chip and retrieve data about that particular item including the material that has been used, the artist’s ID, colo, supplier, factory name and more relevant information.
Source: The Blockchain Technology Penetrates The Fashion World: H&M Empire Gives VeChain A Try | Crypto Update, November 18, 2018
Read MoreCan blockchain smart contracts level the legal playing field for SMEs? | finder.com.au
Casey Kuhlman explained. “Almost every interaction between companies (i.e most commercial activity) is underpinned by a legal contract; yet, as commerce evolves there is a growing chasm between the traditional lawyer and the real, networked world. This chasm has come about largely because legal has lacked the technical backbone on which to build relevant digital products for these networked businesses – and that is where blockchain-based systems come into play.”
Source: Can blockchain smart contracts level the legal playing field for SMEs? | finder.com.au, Andrew Munro, November 9, 2018
Read MoreIBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players, Real World Locations
In the patent, IBM provides a brief description of augmented reality, stating that such a form of gaming is tied to a location that is overlaid by images of more game items such as characters, resources, or internal game locations. By applying the new blockchain patent, IBM can provide a guarantee of “trust” between real world locations and location-based AR games.
Source: IBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players, Real World Locations, Helen Partz, November 4, 2018
Read MoreBlockchain Business Series: Blockchain Model Risk Framework – BMRF | LinkedIn
“When things go wrong, consequences can be severe. With digitization and automation, more models are being integrated into business processes, exposing institutions to greater model risk and consequent operational losses. The risk lies equally in defective models and model misuse.”
Source: Blockchain Business Series: Blockchain Model Risk Framework – BMRF | LinkedIn, Nitin Gaur, October 27, 2018
Read MoreAir Canada to Integrate Blockchain-Based Travel Distribution Platform
“Air Canada recognizes the importance of leveraging this next generation technology. We plan to integrate Air Canada’s Direct Connect API with Winding Tree’s public blockchain platform, giving blockchain-savvy users the ability to access our content directly from the source.”
Source: Air Canada to Integrate Blockchain-Based Travel Distribution Platform, Ana Alexandre, October 24, 2018
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