Keynote Sneak Peek for Hyperledger Global Forum – See Who’s Speaking

Check Out the Initial Lineup of Blockchain Leaders Speaking at Hyperledger Global Forum.

Attend Hyperledger Global Forum to see real uses of distributed ledger technologies for business and to learn how these innovative technologies run live in production networks across the globe today. Hyperledger Global Forum will cut through the hype and focus on adoption. Attendees will see first-hand how the largest organizations in the world go beyond experimentation to lead blockchain production applications with measurable impact. Make your plans now to attend the premier blockchain event of 2018.

Keynote Speakers Include:

  • Alexis Gauba, Co-Founder, Mechanism Labs and She(256); R&D, Blockchain at Berkeley; R&D, Thunder Token
  • Leanne Kemp, Founder & CEO, Everledger
  • Bruce Schneier, Fellow and Lecturer at the Harvard Kennedy School

Read more at Hyperledger

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Blockchain and Identity in 2018: A Year of Promise and Pilots

OWI has released its latest research, “Blockchain and Identity in 2018: A Year of Promise and Pilots,” providing a comprehensive review of the state of blockchain for identity as of the second quarter of 2018. The new paper highlights 18 companies and organizations — 13 featured companies and five up-and-coming companies to watch — at the forefront of the blockchain identity landscape.

The eighteen featured companies include Evernym, Hyperledger, IBM, R3, ID2020, Sovrin Foundation, Civic, BanQu, Cambridge Blockchain, ShoCard, ObjectTech, Tierion, uPort, Datum, Dominode, Pillar, Procivis, and Sphere Identity.

The free report reviews OWI’s five key predictions from 2017 and examines how they fared, with a particular focus on how they’ve impacted the overall maturation of the blockchain identity space. Highlighting the leading solution providers, the report concludes with five new predictions for the coming year, along with an analysis of the market’s overall trajectory and potential growth areas.

Among the report’s findings are the following observations:

  • Investment in blockchain-based projects has already surpassed 2017 totals, but the hysteria has subsided.
  • Expect 2019 to be a year of retrenchment as enterprises get smarter about their needs, regulators catch up, and the bad ideas start to peter out.
  • Investment levels in blockchain-centric companies and organizations have remained high, and more educated investors and customers have begun to differentiate cryptocurrencies from the wider applicability of distributed ledger technologies.

“In the past year we’ve seen the market start to grapple with exactly the kinds of questions we see as critical to blockchain development in the identity space,” said Travis Jarae, CEO of OWI. “Solutions are beginning to coalesce around a more defined set of identity use cases, with governance structures designed with targeted functionalities and regulatory concerns in mind.”

Download the full report here:

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Barclays And Citigroup Pilot IBM’s Hyperledger Blockchain For Financial Streamlining

Barclays And Citigroup Pilot IBM's Hyperledger Blockchain For Financial Streamlining
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Investment banks, Barclays Plc and Citigroup have both joined forces in what seems like a shot at exploring the usefulness of blockchain technology within the finance sector through a supposed “app store”. The innovative project called, “Ledger Connect”, also includes big names like IBM and Hyperledger, who have contributed in the creation of the private network.

The goal behind this project is to bring together banks and financial service providers – in a way that reduces costs and expensive technological uses, while increasing efficiency. Bloomberg shared the specs of the project, adding that their strategy will focus on,

“know-your-customer checks, collateral management and sanctions screening.”

Another interesting member, who will also lead the project, is the CLS, a global foreign exchange network. Chief Strategy and Development Officer of CLS, Alan Marquard, believes their role will make a significant difference as the forex has been known for inducing collaborations between banks and traders. He also noted in an interview that.

“you need to know that the network is being maintained where you trust the technology standards.”

Bloomberg quoted the Head of Innovation and Solution Delivery at CLS, Ram Komarraju, that the Proof-of-Concept has been under its testing phase for nearly three months and will come to an end shortly. A total of nine banks have joined the efforts, including OpenRisk, SynSwap, baton Systems, Copp Clark, and Calypso to name a few. Komarraju also noted that with time, more financial institutions are highly likely to onboard the project.

Komarraju is thrilled at the rate at which the project is rolling, as he was quoted saying,

“we so far have been very happy with the reception and feedback we’ve been getting.”

CTO of Barclays Plc, Dr. Lee Braine has shared the possible methods in which the distributed ledgers will be implemented. An example given by Dr. Braine goes as follows:

“If a financial market infrastructure provider like CLS is providing the governance and business services for a particular use case, then there may be an option for that market infrastructure provider to also host the nodes on behalf of the banks in order to accelerate the initial speed to market.”

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Oracle Opens up the use of Blockchain Technology into Its Business

In recent developments, the use of Blockchain, especially Bitcoin has seen adoption by big companies as well as financial institutions. Countries too have not been left behind. Many nations are equally legalising the use of digital currency as the primary replacement of Fiat currency. Nonetheless, other big companies have been rolling out pilot schemes testing on the use of cryptocurrency. On visualising the viability of success, they then adopt the use of preferred digital currency. Oracle’s blockchain platform is slated to be launched into the market mid-July.

Being a key industry player for software and server infrastructure for its customers, Oracle offers customers an opportunity to set up and manage their networks. Moreover, distribute ledgers through technology, at the essential use of cryptocurrencies. It thus brings an opportunity for customers to use novel Blockchain platform to monitor and control supply chains, makes cross-border and peer to peer payments, track global shipments and so much more. Indeed, this new technology will bring so much into the daily operations of Oracle.

There had been predictions that Oracle would roll out Blockchain platform but it has taken too much time than expected. Oracle has had significant pilot programs and platforms for early adoption by its customers. However, in recent months, there have been successive major trials in the use of the new platform. Therefore, after this success trial, Oracle decided to roll out the platform to fruition.

According to Amit Zavery, the Vice President of Oracle’s Cloud Unit verifies that wherever there is a transfer of data, and the flow of information, the Blockchain platform has a potential to thrive. In such operations, the use of digital currency and other Blockchain platforms should develop trust and make things happen and run smoothly. Therefore, Oracle has high chances of meeting more sales and profits after rolling out the use of Bitcoin and Blockchain ultimately.

Oracle’s Blockchain platform will be used and based on Hyperledger Fabric, a Blockchain platform introduced by IBM, but currently under maintenance by Linux Foundation. All these efforts by oracle come after joining the Linux Foundation in August 2017.

Other companies have worked with Oracle using Blockchain technology to facilitate their payments. Moreover, Oracle will also use both debit and credit cards in its operations, coupled with common gift cards such as Amazon and iTunes Gift Card. An excellent example of companies working with Oracle is Solar Site Design, which supplies solar energy equipment and supplies. Naturally, the company has been using the platform to provide tamper-proof records. Arab Jordan Investment is another company that is using blockchain to simplify its electronic fund transfer. Thus, if such companies have acquired relative success, then there are high chances that Oracle will equally achieve success.

According to Stefan Rehm, the founder and CEO of Intelipost said that they are figuring out on how they can bring all companies into a common place where they could use Blockchain technology to integrate its data. Moreover, according to him, he believes that Blockchain technology can be used to enhance efficiency and exclusive gains in respective industries.

However, the main problem with the use of Bitcoin and other cryptocurrencies is to bring many key players on board. Generally, figuring the total returns on investment to make each party invest in Blockchain technology.

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Google to Offer Distributed Ledger Solutions in Cloud Platform Marketplace

Google is joining the list of tech giants to deploy blockchain technology to offer customers fintech and cloud service solutions, according to an official statement Monday, July 23.

Google announced that the company has partnered with two blockchain-focused firms, Digital Asset and BlockApps, to offer new distributed ledger technology (DLT) solutions on Google’s Cloud Platform (GCP), which would allow users to “explore ways [customers] might use distributed ledger technology frameworks.”

Digital Asset is a supplier of distributed ledger software for the fintech industry, while BlockApps offers a blockchain platform to launch decentralized apps (DApps).

In the statement “Building a better cloud with our partners at Next ‘18,” ahead of Google’s Cloud Next ’18 conference, the company specified that later on this year, customers will be able to test out open-source integrations for Hyperledger Fabric and Ethereum (ETH) protocols in the GCP Marketplace service.

Digital Asset CEO Blythe Masters noted that that the upcoming solution would “reduce the technical barriers to DLT application development,” according to a Computerworld report July 23.

With the new partnerships, Google joins other high-profile tech companies with blockchain-as-a-service (BaaS) offerings, such as Microsoft, IBM, and Oracle Amazon Web Services (AWS), which introduced its blockchain platform for DApps in April 2018.

In March, Google announced it would start blocking crypto-related ads of all sorts in June 2018, following the move of Facebook social media giant, which recently reversed the ban on cryptocurrency ads.

On July 8, Google co-founder Sergey Brin revealed that he is Ethereum miner. Speaking at the Blockchain Summit in Morocco Brin said that mining Ethereum was a “side hustle,” and that cryptocurrencies are “mind-boggling.”

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Accenture to use Blockchain Tools for Aerospace Supply Chains

Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain, according to a press release July 16.

Based on Hyperledger Fabric and set for its debut at the UK’s Farnborough Airshow July 21-22, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to “track, trace and authenticate aircraft parts and materials.”

Schmidt added blockchain could soon be a “game changer” for aerospace, reiterating comments made in 2017 about the technology’s ability to guarantee authenticity.

Hyperledger Fabric has continued to see multiple implementations through 2018, many of which have come in the form of IBM Blockchain, a suite of services for that help enterprises implement so-called distributed ledger technology (DLT).

While some sectors of the global economy voice doubt about blockchain’s actual potential effectiveness for business, Accenture nonetheless remains buoyant. The firm released a report in June concluding that 86 percent of aerospace and defense companies will adopt the technology within three years.

John Schmidt, global managing director for Accenture’s Aerospace and Defense practice said in a press release:

“The aerospace and defense industry has one of the world’s most vast and complex supply chains,”

He also said :

“ Blockchain technology offers a new, elegant and secure way for the industry to track and trace myriad components while deterring counterfeiting and improving maintenance capabilities. Used in combination with technologies like digital twins and digital threads, blockchain could ultimately be a game-changing innovation for this sector.”

The company is working to implement blockchain technology into their systems by 2021, according to a report from Accenture.

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Accenture, Thales to Debut Blockchain Tool for Aerospace Supply Chains

Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain, according to a press release July 16.

Based on Hyperledger Fabric and set for its debut at the UK’s Farmborough Airshow July 21-22, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to “track, trace and authenticate aircraft parts and materials.”

“The aerospace and defense industry has one of the world’s most vast and complex supply chains,” John Schmidt, global managing director for Accenture’s Aerospace and Defense practice said, continuing:

“Blockchain technology offers a new, elegant and secure way for the industry to track and trace myriad components while deterring counterfeiting and improving maintenance capabilities.”

Schmidt added blockchain could soon be a “game changer” for aerospace, reiterating comments made in 2017 about the technology’s ability to guarantee authenticity.

Hyperledger Fabric has continued to see multiple implementations through 2018, many of which have come in the form of IBM Blockchain, a suite of services for that help enterprises implement so-called distributed ledger technology (DLT).

While some sectors of the global economy voice doubts about blockchain’s actual potential effectiveness for business, Accenture nonetheless remains buoyant. The firm released a report in June concluding that 86 percent of aerospace and defense companies will adoptt the technology within three years.

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Accenture and Thales Demonstrate How Blockchain Technology Can Secure and Simplify …

FARNBOROUGH, England–(BUSINESS WIRE)–Jul 16, 2018–Accenture (NYSE:ACN) and Thales are demonstrating at the Farnborough Air Show a new blockchain-based system that could help secure and streamline the complex global supply chains supporting the aerospace and defense (A&D) industry.

Based on Hyperledger Fabric, a Hyperledger project hosted by The Linux Foundation, the prototype combines blockchain, internet-of-things and other innovative technologies – including Thales’s physically unclonable function (PUF) solution for silicon chips and Chronicled’s tamper-proof cryptoseals – to track, trace and authenticate aircraft parts and materials.

Developed jointly by Accenture and Thales as part of Thales’ firmwide digital innovation program, the solution provides a single, shared view of the supply chain – and an immutable audit trail – for partnering suppliers, manufacturers and operators.

“The aerospace and defense industry has one of the world’s most vast and complex supply chains,” said John Schmidt, global managing director for Accenture’s Aerospace and Defense practice. “Blockchain technology offers a new, elegant and secure way for the industry to track and trace myriad components while deterring counterfeiting and improving maintenance capabilities. Used in combination with technologies like digital twins and digital threads, blockchain could ultimately be a game-changing innovation for this sector.”

According to a recent research report from Accenture, 86 percent of A&D companies expect to integrate blockchain technology into their corporate systems by 2021.

“Identifying counterfeit and grey-market goods in the A&D supply chain can be challenging,” said Gareth Williams, vice president for secure communications and information systems at Thales UK. “Using blockchain in combination with cryptoseals and physically unclonable functions allows you to build a trusted history behind parts. This demonstration builds on the strong relationship Accenture and Thales have created developing innovative digital solutions for a variety of industries.”

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 449,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About Thales

Thales is a global technology leader for the Aerospace, Transport, Defence and Security markets. With 62,000 employees in 56 countries, Thales reported sales of €14 billion in 2015. With over 25,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its exceptional international footprint allows it to work closely with its customers all over the world. www.thalesgroup.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180716005017/en/

CONTACT: Accenture

Molly McDonagh, +44 7825 023 622

molly.mcdonagh@accenture.com

or

Charles Hartley, +1 973-590-9920

charles.hartley@accenture.com

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: DEFENSE CONTRACTS

SOURCE: Accenture

Copyright Business Wire 2018.

PUB: 07/16/2018 03:59 AM/DISC: 07/16/2018 03:59 AM

http://www.businesswire.com/news/home/20180716005017/en

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Ripple finally challenged? Banks team up with IBM for payments solution

Ripple has found a competitor in the payments space, with a platform known as we.trade. We.trade functions on Hyperledger Fabric and is an IBM blockchain-based cross-border money transfer platform that aims to improve the speed and efficiency of cross-border financial transactions.

The we.trade consortium is comprised of banks such as Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe General and UniCredit.

The platform utilizes smart contracts to make improvements to transparency for open account trade transactions. It signifies the first commercially viable open account trades using blockchain. Robert Mancone, the CEO of we.trade said:

“These transactions prove that we.trade is a robust and commercially viable proposition. The next step will be getting buy-in from additional banks and their customers in Europe and further afield.”

It is to be noted that the we.trade product is designed to handle the entire process of order-to-payment. This includes placing orders, selecting payment terms, executing contracts and the actual payment. The consortium is focusing on small and medium businesses, quoting the ability to scale them.

Omer Ahsan, the Head of Customer Propositions at HSBC illustrated a use case, saying:

“Last week three of our clients executed transactions using we.trade: Fluid Pumps used the platform to complete an open account transaction with a customer in Finland, GPS Food Group completed an intercompany transaction that included the use of a Bank Payment Undertaking and also executed two open account transactions with Paragon Quality Foods.”

However, the one thing that the we.trade product still does not have is a liquidity solution. Ripple provides on-demand liquidity for cross-border transactions, completely removing the need for pre-existing pools of liquidity.

Moreover, transactions using Ripple’s xRapid product are settled in minutes, with companies that undertook the pilot reporting up to 70% savings. Notably, SWIFT has also been quoted by companies as being a security vulnerability. Many banks have reported hacks through exploits in the SWIFT system.

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