The Monax Platform is a contract lifecycle management tool which allows consumers to easily procure lawyer-tested agreements and stay in full control of their business contracting. Harnessing a unique combination of active agreements, blockchain technology, and a business process modeling engine, the platform is designed to move business legal obligations into the networked world. Source:…Read More
The Gemini dollar has been built on the Ethereum network. According to CNBC, the pair are hoping that the new coin will help to bridge the gap between digital assets and traditional banking. It will allow users to convert U.S. dollars to the new Gemini dollars in order to move value quickly, and transparency around the world. Tyler Winklevoss spoke to the publication in a telephone interview:
“It is really a matter of bringing your U.S. dollars on to the blockchain and making them borderless 24/7.”
Source: Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator | NewsBTC, Rick D. | September 10, 2018Read More
Forget supply and demand. Unlike traditional cryptocurrencies, stable coins are concerned with achieving a fixed price. “Stable coins are trying to strike the balance of not being dependent on a central bank, while also securing price stability,” said Brigitte Luginbuhl, CEO of SwissRealCoin
Source: Stability In Volatile Markets: What You Need To Know About Stable Coins., Andrew Rossow, Sep 7, 2018Read More
The aircraft leasing industry is one of the fastest- growing industries globally. A number of factors have resulted in this growth, including but not limited to, a year- on-year increase in passenger traffic, the rise of low-cost carriers (LCC) and the growth of the APAC market.
Given the nature of this capital-intensive industry, it is interesting to note some of the antiquated systems and practices, which are still commonplace. For example, the maintenance of an aircraft is a process that uses cumbersome databases at best and, at worst, a paper- based system prone to losses and errors throughout.
With the rapid rise of digital technologies in other industries, it seems only a matter of time until the aircraft leasing game is affected. To that end, this article will explore the potential benefits of adopting Blockchain technology in the aircraft leasing industry and assess a number of potential use cases, which have a truly disruptive potential for all stakeholders involved.
Source: Blockchain for Airlines and Aircraft Leasing | LinkedIn, Hans Casteels, IBM | September 4, 2018
Photo by Mircea Iancu from PexelsRead More
What is the state of blockchain today? In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organisations have at least some involvement with blockchain technology. Companies have dabbled in the lab; perhaps they’ve built proofs of concept. Everyone is talking about blockchain, and no one wants to be left behind.
Four key strategies can help them build trust and stay on a path toward successful execution.
It’s an admirable effort, but there are some key omissions, first and foremost the price paid for the coffee, which is not shown in the blockchain ledger. Secondly, the suggestion that “fairness” or some vague concept of supply chain equity is bolstered by blockchain seems unfounded. IBM and Brooklyn Roasting show only the Fairtrade premium-associated investments back into the coffee-growing community — investments made in 2016, with or without blockchain technology.
So while opening the books is commendable, the opening itself is by no means a solution to deep-rooted problems affecting the equitable trade of coffee.
Source: Brooklyn Roasting and IBM Send Yirgacheffe Through the Blockchain – Daily Coffee News by Roast Magazine, Nick Brown | July 26, 2018
n-roasting-and-ibm-send-yirgacheffe-through-the-blockchain/” target=”_blank”>Brooklyn Roasting and IBM Send Yirgacheffe Through the Blockchain – Daily Coffee News by Roast Magazine, Nick Brown | July 26, 2018Read More
Documentation and administration are estimated to be one-fifth of the $1.8 trillion spent annually to move goods across borders. According to The World Economic Forum, by reducing barriers within the international supply chain, global trade could increase by nearly 15 percent.
Source: Consortium to Develop Blockchain for Bunkering, MAREX 2018-07-25Read More
They also challenge the existing revenue models and accumulated knowledge and resources of incumbents, and open opportunities for new approaches
Source: Some Simple Economics of the Blockchain by Christian Catalini, Joshua S. Gans :: SSRN, Christian Catalini & Joshua S. Gans, Written: Nov 2016. Last revised: 21 Sep 2017Read More
As the ecosystem around blockchain technology develops, new types of intermediaries will emerge that turn the last-mile problem, of keeping digital records in sync with their offline counterparts, into actual business opportunities. While the technology is early stage, as these key complements mature, blockchain has the potential to fundamentally reshape ownership over digital data, and the digital platforms we use every day.
Source: What Blockchain Can’t Do, Catherine Tucker & Christian Catalini, June 28, 2018Read More
there are a number of entirely new business models that could be tapped by moving the supply chain to a shared, distributed, immutable ledger.For example, Coble described future supply chain products that flipped the current system on its head by letting parts suppliers publicly broadcast real-time details about unused goods that could be used in any number of products.Coble described her vision for this type of functionality in the future:It provides an environment, a marketplace, for trading partners across the supply chain to be in one place. It allows for this new buy and sell functionality that has never been put together.