IBM Aims to Provide Blockchain Solutions to India’s Telecommunications Operators

Tech giant IBM has hinted that telecommunication firms in India could soon be using blockchain solutions in mobile number portability and in the Do Not Call registry. According to the IBM Research vice president and CTO of IBM India/South Asia, Sriram Raghavan, the tech giant could launch blockchain solutions focused on Do No Call registries and mobile number portability for Indian telcos as early as next year. “We have completed proof of concepts and pilots with all the major telecom providers and with TRAI [Telecom Regulatory Authority of India] in…

Pro-Crypto French MPs Want to Invest 500 Million Euros to Make France ‘Blockchain Nation’

Two pro-crypto members of the French Parliament (Parlement français) want the country to invest up to 500 million euros in blockchain programs to elevate France as a “blockchain nation.” Deputies Jean-Michel Mis and Laure de La Raudière released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain, according to French financial newspaper Les Echos. “2019 will be the year of the blockchain in France,” Jean-Michel Mis said in the report, according to a rough translation. “This 10-year technology is moving out of the…

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM Institute for Business Value, a business-research group. In its executive report entitled “Daring to Be First,” the IBM Institute says blockchain can revolutionize the auto industry by bringing transparency to supply chain management and financial transactions.…

Vermont Govt. Forms Working Group to Explore Blockchain Technology

The second-smallest state in the United States by population has formed a working group consisting of state agencies with a view toward studying blockchain technology. This was announced by Vermont’s attorney general, T.J. Donovan, who disclosed that the blockchain working group would commence work next year in January. The working group — which will seek input from stakeholders, blockchain associations, and other experts in the industry — will be made up of four state agencies: the Agency of Commerce and Community Development, the Secretary of State, the Department of Financial…

State Farm is Testing Blockchain to Expedite Auto Insurance Claims

Insurance is one of the golden geese of the blockchain, an industry with so much paperwork, sensitive data, and manual processes that it almost seems obvious that it will eventually adopt blockchain technology to streamline its claims processes, data storage, and even — eventually — its payments. State Farm is among the first notable insurance carriers to announce that it is investigating such a move as regards the claims payment process. In insurance, subrogation is when one insurance company settles a debt with another. According to a recent statement by…

This Privacy-Focused Interoperable Blockchain Bridges Ethereum and Bitcoin

“Wanchain is a separate, independent, public chain,” CEO Jack Lu says on a recent December morning. He explains that it is essentially a fork of Ethereum which integrated a lot of privacy-focused changes and primarily focuses on cross-chain compatibility. Wanchain wants to be the bridge between blockchains, allowing multi-crypto transaction execution in a private manner. Officially, in text, it describes itself as “the world’s first and only interoperable blockchain with secure multi-party computation.” Wanchain layman might think of it like Ethereum + Monero with a hint of ShapeShift. Wanchain seeks…

Australian Insurer Announces Blockchain Trial For Beef Export Supply Chain

Australian truck and transport insurance company National Transport Insurance (NTI) has revealed that it is partnering with BeefLedger, an Australian blockchain platform on a pilot program that will deploy blockchain technology for end-to-end tracking of Australian beef exports. Aimed at improving food safety, export security and animal welfare in Australia, the program will use a distributed ledger platform alongside cutting-edge packaging technology and Internet of Things system to create and provide constant real-time data on beef product credentials and supply chain performance. Necessary Partnership According to BeefLedger,  the goal of…

UNICEF Invests in 6 Blockchain Startups with Humanitarian Venture Fund

Months after publishing a “blockchain call” to startups that could benefit humanity, the United Nations International Children’s Emergency Fund (UNICEF) has invested in six blockchain startups. In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries. It received over 100 applications from 50 different countries. The organization already has 20 other technology companies in its Innovation Fund, from “data science and machine learning, to virtual reality, to drones.” The new investments, says the UNICEF release, form part of a wider blockchain strategy…

Mastercard Applies For New Patent for Anonymous Blockchain Transactions – A Regulated Bitcoin Tumbler?

Mastercard, the company who have gone through the entire process of laughing, fighting, and then embracing Bitcoin (and then attacking it again), have applied for another new patent in the blockchain space. Their last one was in regards to — we’re not making this up — a fractional reserve crypto bank. They describe a novel method of anonymizing transactions which does not, in function, represent those in place by Monero or other privacy coins. Instead, the method described sounds a lot like coin mixing, a service that various businesses in…

Abu Dhabi National Oil Company Partners IBM to Pilot Blockchain Across its Value Chain

Abu Dhabi National Oil Company (ADNOC) has partnered with IBM to pilot blockchain-based transaction management for its commodities right from the oil wells through to its end customers. The automated, blockchain-based, system will encompass oil and gas production management for ADNOC’s entire value chain including tracking, validating, and executing, transactions. As with many blockchain pilots, this one is also expected to increase efficiencies and provide greater stakeholder transparency.  A key differential, however, is this pilot’s application to the entire oil and gas lifecycle where other industry pilots have focused on key…