Posts Tagged ‘digital asset’
EY Launches Blockchain Content Rights Platform with Microsoft as Partner | CCN
The solution aims to have a real-time visibility of transactions that will hopefully give market participants an insight into the market and better understand the dynamics that underlie the industry. Apart from this, one of the major issues they solve by utilizing blockchain technology is overcoming operational inefficiencies and eliminate manual reconciliation. This speeds up the overall process and polishes the workflow. This new blockchain based solution helps Microsoft’s affiliates gain insights into the transactions much quicker, as compared to 45 days or more on legacy systems.
According to a report by the US department of commerce, core copyright industries grew by 4.8% year over year during 2012-2015, which stood at a massive $1.2 trillion as of 2015. This reflects the explosive growth in the sector and the potential for blockchain technology-based systems to disrupt the space.
Source: EY Launches Blockchain Content Rights Platform with Microsoft as Partner | CCN, June 24, 2018
Read MoreCould blockchain be the food chain’s answer to romaine lettuce E. coli and other outbreaks? | Retail | Dallas News
The whole system gets blamed when something spoils or is contaminated with salmonella or E. coli, or a distribution center fails to store product at the right temperature.“
We need to shift this from fault-finding to fact-finding,” Yiannas said. “If no one is eating romaine, the entire system loses.”
Source: Could blockchain be the food chain’s answer to romaine lettuce E. coli and other outbreaks? | Retail | Dallas News, Maria Halkias, June 21, 1018
Read MoreFollowing a Tuna from Fiji to Brooklyn—on the Blockchain | WIRED
Gopinath says he sees two major hurdles to bringing blockchain technology to supply chains—and neither of them have to do with the tech itself. The first is simply convincing everyone in the supply chain, which can involve dozens of companies, that switching to a new system is a good idea. “You’ve got to make sure that everybody in the ecosystem gets something out of it,” says Gopinath. “That is very hard and it takes a long time to figure out.”
The second problem is governance. Because blockchains aren’t centralized, it’s difficult to decide how they should be managed. “Who can use the data? Who can see the data? Who can do analytics on the data? Can they share the data? All of these questions have to be answered to the satisfaction of the ecosystem,” says Gopinath. It’s likely going to take years to solve these issues and to square them with government regulators. If someone says that they can be solved in six months, “I’ll just laugh at them, because it’s not going to happen. You can just tell them, sorry, I’m just not going to believe you,” says Gopinath.
Source: Following a Tuna from Fiji to Brooklyn—on the Blockchain | WIRED, Louise Matsakis, May 22, 1018
Read MoreGolden State Foods: Ensuring food quality with fresh thinking in blockchain, AI and IoT – YouTube
Read MoreBridget van Kralingen, Senior Vice President, Global Industries, Platforms and Blockchain for IBM and Bob Wolpert, Corporate Senior Vice President and President, Logistics for Golden State Foods, explore the immutability of blockchain for supply chain.
BMW, Ford, GM: World’s Largest Automakers Form Blockchain Coalition – CoinDesk
What is required to move those forward, he said, is a decentralized business network.
“You really have to have common standards and common ways for cars to communicate, to identify themselves and make payments,” Ballinger told CoinDesk, adding:
“But if each auto company is trying to develop its own car wallets or its own way of paying tolls, or providing a ride sharing service, it just doesn’t work; it’s the Tower of Babel.”
Dan Harple, the CEO of Context Labs, who is working closely with Ballinger, said the new consortium’s first step will be to establish a “minimum viable ecosystem” for gaining network effect.
Source: BMW, Ford, GM: World’s Largest Automakers Form Blockchain Coalition – CoinDesk, Ian Allison, May 4, 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 MoreShipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune
Presently, many shipping supply chains are bogged down by a morass of paperwork shuffled between a glut of middlemen, Wieck says. Documentation, which when lost or delayed causes perishable goods lying in wait to spoil, can end up costing as much as a fifth of the total expense of physical transportation.
According to a 2013 study by the World Economic Forum, reducing the friction around information-sharing and border administration when it comes to international trade “could increase GDP by nearly 5% and trade by 15%”—a boost that amounts to trillions of dollars.
Source: Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune, Robert Hackett, January 16, 2018
Read MoreBitcoin Ethereum: How Blockchain Tech Is Revolutionizing Business | Fortune
One day last December, Frank Yiannas went to a Walmart store near company headquarters in Fayetteville, Ark., and picked up a package of sliced mangoes. Yiannas is Walmart’s vice president of food safety, and the fruit was part of a crucial experiment. He brought the mangoes back to his office, placed the container on a…
Read MoreDon Tapscott: “We Need Microsurgery on This New Economy” | News | Cointelegraph
But you know, if you’re doing an ICO and the token represents a share in the company that’s called a security, it should fall under securities legislation. But we need microsurgery on this new economy. We don’t need to bring a chainsaw to it. This would be one of the three most important rate determining factors in terms of what countries emerge not just with the Blockchain industry, but with the whole new innovation economy. Do governments do the right thing and implement sensible legislation or did they mess it up?
The supply chain industry globally is a $64 trillion industry and supply chains are going to move to Blockchain. You can see that with Foxconn doing this now, we’ve done a case on that. On the Walmart food sale they use Blockchain for food safety. The biggest supply chain in the world ever is the ‘One Belt One Road’ project linking Hong Kong and Rotterdam. All the trade and finance and a lot of the supply apps on that are being done via Blockchain.
Blockchain is perfect for situations where you have a buyer and a seller and escrow agent, and governments, and various shippers, and tax authorities and so on. Instead of passing pieces of paper and faxing, and emails and so on, they have a single shared network state where they can all instantly see what’s going on. It turns that supply chain into something we call an asset chain. And ultimately, this thing becomes cognitive. It really becomes a new cognitive computer. That’s where the supply chain will be.
Source: Don Tapscott: “We Need Microsurgery on This New Economy” | News | Cointelegraph | News | Cointelegraph, January 29, 2018
Thanks, Ahmed!
Read MoreWhy blockchain is dominating discussions in Davos – The Globe and Mail
Sure enough, “blockchain” appears more in the Davos program than the words “Europe” or “the United States.” In one session, a commenter who had analyzed conversations at Davos said the word “blockchain” was the second-most uttered theme, after the word “Trump.”
Source: Why blockchain is dominating discussions in Davos – The Globe and Mail,
Don Tapscott, January 26, 2018