Amex, Accenture, Byju’s and others hiring for blockchain developers. Here are the latest job openings

  • According to ‘LinkedIn Emerging Jobs 2020’ report, blockchain developer is the most sought after job role in India — followed by artificial intelligence specialist, and javaScript developer.

  • Smart Contract, Node.js, Hyperledger and Solidity are the top skills to build a career as a blockchain developer.

  • Blockchain developers assist in building services and technology related to blockchain system — which is a list of records linked via cryptography.

  • Here a few opportunities for blockchain developers.

As cryptocurrencies gain ground, related jobs like blockchain developer too are gaining in popularity.

It is the most sought-after job according to ‘LinkedIn Emerging Jobs 2020’ report, followed by artificial intelligence specialist, and javaScript developer.

“India is among the top three countries to lead the world in AI skills with robotic process automation, compliance, and integration as the fastest growing skills,” the report said.


Blockchain developers assist in building services and technology related to blockchain system — which is a list of records linked via cryptography. Smart Contract, Node.js, Hyperledger and Solidity are the top skills to build a career as a blockchain developer.

Every week, Business Insider collates interesting vacancies across marquee organisations. This week we bring job openings for blockchain developers.

Here a few of those opportunities:


Wipro

Position: Blockchain Architect

Location: Bangalore, Pune

Experience: Minimum 10 years

Eligibility: Not Specified

Homegrown technology major Wipro is hiring a blockchain architect. The candidate will be required to design and develop solutions, construct networks and facilitate problem solving for blockchain engineering.

To apply for the job, the candidate must have an understanding of Bitcoin and other cryptocurrencies. He should also be aware of the technologies like cryptography, hash functions and encryption and signatures.

He should have previous experience in blockchain platforms like IBM Hyperledger, Ethereum, Stellar, Ripple and Corda along with the knowledge of programming languages — Java, Scala, Haskell, Erlang, Python and C#.

Interested candidates can apply here.



American Express

Position: Blockchain Engineer

Location: Bangalore

Experience: Minimum 6 years

Eligibility: Bachelor’s degree in Computer Science or other technical domains

American Express is looking to hire a blockchain engineer. The candidate will be responsible for innovating platform architecture and services – via blockchain technology along with performance testing.

The candidate should also be able to create application design and perform automated testing. He will also provide technical assistance to development teams to build new products.

The candidate should be skilled in programming languages like Java, JavaScript and Python. He should have working knowledge of cryptography, API security and consensus algorithms.

Interested candidates can apply here.

Accenture

Position: Blockchain Technologies

Location: Bangalore

Experience: 15 years

Eligibility: Experience in blockchain technologies


Technology giant Accenture is inviting applications for blockchain technologies.The applicant will be responsible for end to end Blockchain RFP response process. He will act as a domain expert for blockchain engineering.

He will also work on blockchain components of delivery by understanding client requirements.

Interested candidates can apply here.



Wolters Kluwer

Position: Blockchain Developer

Location: Pune

Experience: 4-6 years

Eligibility: Bachelor’s degree in technical domain


Wolters Kluwer is looking for a blockchain developer in Pune. The role includes research and design of smart contracts, oracle and Dapps via blockchain technologies.

The selected candidate will have to provide workbench delivery for data scientists and artificial intelligence development initiatives.

He should have experience in cryptocurrency and strong knowledge of technologies like ethereum and hyperledger. He should have working knowledge of programming languages like C#, Java, JavaScript along with data structures and algorithms.


Interested candidates can apply here.

Byju’s (Think & Learn)

Position: Backend Engineer

Location: Bangalore

Experience: Not specified

Eligibility: Coding and software testing skills

Edtech platform Byju’s is hiring candidates for its software development team. The candidate will be responsible for building high quality code and testing as per the SDLC (Software Development Life Cycle).

He will be responsible for building Byju’s core learning platform including backend, big data technologies and machine learning. The candidate should have strong problem solving skills.

Interested candidates can apply here.

See also:

DevOps jobs: Learn these skills to become a Site Reliability Engineer and earn as much as ₹30 lacs per annum

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India’s Tata aims to speed up app development on Ethereum, Hyperledger, R3 Corda

Services and consulting firm Tata Consultancy Services (TCS) has launched a “low code” development kit for organizations interested in developing and deploying blockchain technology quickly.

According to a press release issued by the Mumbai-based company, the Quartz DevKit, as the solution is called, “abstracts out the complexity” of developing smart contracts on a blockchain by using pre-built templates for each step of the process and making the finished contract ready to be deployed on Hyperledger Fabric, Ethereum, and R3 Corda.

The Quartz DevKit is a web-based development platform coupled with plug-and-play components that can be reused to help speed up the process. The company claims that these features enable shaving off as much as 40% of the total time required to develop and deploy the solutions. R Vivekananda, Global Head of Quartz at TCS, stated that they had received “very positive” feedback from pilot customers to their kit.

The kit is part of the company’s Smart Ledger solutions aimed at organizations interested in harnessing blockchain technology. In addition to the Quartz DevKit, the other solutions integrated into the solution are the Quartz Gateway and Quartz Command Center. The latter is used for monitoring blockchain systems while the former is used to integrate third-party systems with a company’s blockchain.

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TCS got into blockchain early. In 2016, the company claimed that it had more than 100 blockchain-related projects under development. Earlier this year, itparticipated in a cross-border settlement of securities between banks in Kuwait and Morocco using the BaNCS Network—a private, permissioned ledger that the company has developed for its customers in the financial services and insurance industry.

Meanwhile TCS competitor Infosys completed a global blockchain trial of trade finance in September in partnership with blockchain consortium R3.

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Blockchain startup Digital Asset secures $35M in Series C round

New York-based blockchain startup Digital Asset has raised over $35 million in Series C funding round, bringing its total funding to $150 million to date.

The round drew support from new and existing investors led by Jefferson River Capital, the family office of former Blackstone president Tony James, and the Australian Securities Exchange (ASX), CoinDesk reported.

The company said that the fresh funding will be used to accelerate the adoption of the open-source DAML smart contract language across multiple industries and to expand the number and variety of DAML-enabled partner products. Part of the funding will also be used to fund new products that aim to enhance the DAML developer experience, specifically project:DABL, a cloud-based prototyping, and production environment for DAML applications.

“DAML allows you to focus only on what you need to do to differentiate your product and eliminate the complexity that doesn’t provide value to your organization,” said Yuval Rooz, co-founder and CEO of Digital Asset. “Ninety percent of development time is wasted on undifferentiated work. With this new funding, we will go further on this mission to focus on the 10 percent value-add by providing a world-class smart contract experience regardless of where your application runs.”

Earlier this year, Digital Asset open-sourced its smart contract language DAML, which helps automate business processes and digitally facilitate, verify, and enforce agreements between two or more entities. The company provides commercial integrations of DAML with partner platforms, allowing organizations of any size to develop “secure, sophisticated, compliant, and operationally solid applications faster and deploy them to any ledger.”

In April, Digital Asset partnered with VMware to integrate DAML with VMware Blockchain. Further integrations with Hyperledger Sawtooth, Hyperledger Fabric, Corda, and Amazon’s QLDB and Aurora databases have been announced.

ASX selected Digital Asset in 2016 to replace its Clearing House Electronic Subregister System (CHESS) with a distributed ledger technology (DLT)-based system. Earlier this year, ASX signed a three-party memorandum of understanding (MOU) with Digital Asset and VMware in order to provide its DLT offering with support from these two firms.

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What’s All the Hype with Hyperledger ?

Blockchain technologies are gaining prominence, and organizations are searching for methods to improve and create an advanced and secure blockchain application. One such open-source collaborative effort to create a cross-industry blockchain platform is termed hyperledger.

Blockchain is here to stay, and it can very well be the future of the internet. Realizing the potential of blockchain technology, Hyperledger was launched in 2016 with a collaborative effort of 30 founding corporate members. The founding members represent a diverse group of members from various domains. These members included ABN Amro, Accenture, Cisco, IBM, and Intel, to name a few. Individuals should not confuse hyperledger with blockchain technology; it is just a group of major organizations working towards the common goal of developing practical blockchain applications.

Demystifying Hyperledger

With hyperledger, the Linux Foundation aims to create an environment where software developers and organizations work together to build stronger and secure blockchain frameworks without the focus on creating its own separate cryptocurrency. The blockchain serves as a peer-to-peer marketplace of data, transactions, smart contracts, and a decentralized framework. Maintaining transparency, interoperability, and simplicity of use becomes necessary to bring forward blockchain technologies on a commercial scale. This is exactly what hyperledger is all about. It serves as a platform where developers and organizations can develop and agree upon frameworks that maintain the integrity of the blockchain network.

Hyperledger Projects

Various projects are undertaken by the hyperledger community to develop and promote blockchain technology. Some of these include:

No alt text provided for this image

● Hyperledger Fabric

The hyperledger fabric project is led by IBM. Fabric provides the base for blockchain-based solutions with modular architecture. The different components of blockchain, such as membership services and consensus, can become plug-and-play. With fabric, enterprises can put together their individual blockchain network that can carry out more than 1,000 transactions per second.

● Hyperledger Sawtooth

Hyperledger Sawtooth is the brainchild of Intel. It is a modular blockchain suite and can be used from IoTs to finances. The prominent characteristic of Sawtooth is that it supports permissioned as well as non-permissioned applications. Sawtooth has already seen applications in the fisheries industry. It is used to record the journey of seafood from the ocean to our tables and using IoT sensors; it can track the ownership, possession, and shipping parameters throughout the supply chain. Any member of the blockchain can track the details and this provides a transparent record of the entire process.

● Hyperledger Explorer

Hyperledger Explorer is a blockchain module designed to create a widely accessible application. It can view, invoke, deploy or query blocks and other relevant information stored in the blockchain framework. Hyperledger Explorer was initially contributed by Intel, IBM, and DTCC.

While most blockchain technologies focus on creating their own versions of cryptocurrencies, the projects associated with hyperledger focus on building the backbone of blockchain technology and increasing its adoption on an enterprise as well as individual level. With strong concepts and the support of top leaders in the industries spanning various domains, hyperledger could very well become the key player in making blockchain mainstream.

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The Company Already Rolled Out Blockchain-Based Supply Tracking For Over 25 Products

The Company Already Rolled Out Blockchain-Based Supply Tracking For Over 25 Products


Walmart, one of the world’s biggest retailers, entered the blockchain revolution with a global tracking product in cooperation with Hyperledger’s Fabric. Now, Walmart’s Canadian branch is launching the first all-in-one production blockchain solution, with the help of DLT Labs.

Walmart has been looking for ways of utilizing the blockchain technology for years. Thanks to its collaboration with Hyperledger and IBM, the company managed to provide enhanced speed and transparency to its food supply chain. Since implementing the food tracking system, the time to prove the origin of mango fruits dropped from 7 days to just 2.2 seconds.

The Senior Director at Walmart Technology Karl Bedwell, admitted that at first, Walmart VP’s were skeptic about the use of blockchain technology. Still, after conducting two proofs-of-concept (PoC) projects for food traceability, Frank Yiannas gave the team the “green light” to develop such a solution.

Walmart and IBM chose the Hyperledger Fabric because of its modularity and hosting of “chaincode” smart contracts. Тhe PoC projects helped tracing pork in China and mangoes in the US, proving their origin and route. Immediately after the two PoC projects were classified as successful, Walmart expanded its decentralized food tracking system with other food suppliers. The collaboration resulted in the creation of IBM Food Trust, with partners like Nestle and Unilever.

Now, Walmart is diversifying its blockchain solutions apart from food tracking. Walmart’s Canada branch rolled out a new tracking, payments, and transaction verification system, in partnership with DLT Labs. The new system would be integrated into Walmart’s legacy blockchain solution. Walmart Canada’s VP of logistics, John Bayliss, stated that utilizing blockchain made a significant impact on processing vast amounts of inventory data.

“The new system allows faster and more transparent data transfer between Walmart Canada and our carrier partners. The improved efficiency also cuts down expenses and creates a greener supply chain. The lowered ecological footprint proves Walmart’s place in environmental sustainability,” Bayliss added.

While Walmark is taking a proactive stance in adopting blockchain technology into its operations, others claim that blockchain only creates “a false sense of transparency.” Craig Heraghty of PwC stated his skepticism about Walmart’s transparency. He noted that the system might have tamper-proofed data, but the point-of-entry is still simple and easy to use with minimal chance of error occurrence.

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Microsoft bolsters Azure Blockchain with managed tokenization service and updates

Microsoft added a smattering of updates to its blockchain offerings at Ignite 2019 as it works on “democratizing complex technologies and empowering anyone with an idea to build software,” according to its release materials. The announcements include new Azure Blockchain Service features and the preview of Azure Blockchain Tokens.

In May, Microsoft planted a big flag in the blockchain world with the launch of the fully managed Azure Blockchain Service. A little over a month later, the company joined the Hyperledger blockchain community. Both of those announcements were preceded by Azure Blockchain Workbench and Azure Blockchain Development Kit.

Although Microsoft already has a customer base for its blockchain technologies (including itself), the company is gradually adding key components of the stack, as evidenced by the aforementioned rollout that led to Azure Blockchain Service. The next component is Azure Blockchain Tokens.

“Tokenization is the mechanism that allows enterprises to take advantage of blockchain,” Microsoft explains in its release materials. Tokens are important to blockchain because they can represent almost anything, from digital rights to physical goods.

Developers can now use Azure Blockchain Tokens to tokenize, manage, and share these sorts of assets on multiple blockchain platforms, including Ethereum. They can create their own tokens using common token templates or Token Taxonomy Initiative (TTI) standards and open Microsoft APIs.

Using Visual Studio Code, developers can also integrate OpenZeppelin for smart contracts, as well as Infura in the Azure Blockchain Development Kit for Ethereum.

Microsoft did not ignore Azure Blockchain Service, rolling out several enhancements, including:

  • Azure Blockchain Data Manager in preview: enables the capture, transformation, and delivery of data to off-chain data stores, like Azure SQL DB or Azure Cosmos DB
  • Managed Corda Enterprise support for increased ledger support
  • A new Hyperledger template in the Azure Marketplace gallery to accelerate Hyperledger deployments

None of the Azure Blockchain Service updates comes as much of a surprise. Microsoft pushed out Azure Blockchain dev kit upgrades in August, and the Corda enterprise support was first announced just a couple of weeks ago.

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Big Block Stores: Five Retailers That Are Adopting Blockchain Technology

Blockchain Technology3 min, 50 sec READ

Retail outlets and big box stores are beginning to adopt crypto and blockchain. How are they using it to manage their supply chains and payments?

Blockchain technology has massive potential in almost every area of the economy, and retail is one of the biggest sectors. According to a recent Deloitte report, the top 250 retail companies bring in $4.5 trillion in revenue, and each company has an average size of $18.1 billion. As such, retail is a prime target for crypto and blockchain.

In fact, retailers are already adopting blockchain: several notable stores are using the technology to handle supply chains and business relations. This doesn’t mean that these stores are accepting Bitcoin from their customers―instead, they have much more ambitious goals. Here are five companies that are making use of blockchain.

This month, a press release revealed that IKEA has accepted an Ethereum-based payment from an Icelandic business, Nordic Store. To be more precise, this transaction involved two other Ethereum-based services: Monerium, which offers an e-money token, and Tradeshift, which creates smart contracts for businesses.

IKEA itself hasn’t commented on this, despite suggestive headlines. It seems that Nordic Store and Tradeshift are primarily involved, and it’s not clear that IKEA itself intends to adopt Ethereum. However, this news does mean that cryptocurrency is gaining traction in Europe―and that Iceland has permissive crypto regulations.

Home Depot, meanwhile, has its own blockchain initiative underway. Recently, Eurofinance reported that the hardware store partnered with Google Cloud to track its supply chain. This project has been a long time coming: Home Depot has reportedly been working with Google Cloud since 2016, but this is its first blockchain initiative.

Home Depot is testing Ethereum and Hyperledger as record-keeping platforms, which will allow it to resolve disputes with suppliers concerning shipment quantities. If this plan is effective, the blockchain platform could allow Home Depot to manage its inventory as efficiently as more tightly controlled businesses, such as Amazon.

Walmart has consistently been one of the retail sector’s biggest blockchain adopters. It’s involved with several food safety initiatives, such as the Blockchain Food Safety Alliance, IBM’s Food Trust, and the Walmart China Food Traceability Program. These initiatives have featured big names like IBM, Carrefour, JD.com, VeChain, and PwC.

All of these efforts involve food supply chains, and most recently, Walmart announced plans to monitor its seafood products. With the IBM Food Trust, Walmart will trace shrimp from its source in India to its destination: Sam’s Club stores in the United States. This is just one of Walmart’s many efforts―it also began to trace lettuce last year.

Target is another big box store with its own blockchain project. In 2018, Target began to develop ConsenSource, a supply chain tool based on the Intel-backed Hyperledger Sawtooth blockchain. This year, Target moved forward by integrating ConsenSource with Hyperledger Grid, a blockchain specifically aimed at supply chain management.

Target hasn’t announced many concrete applications for its work, but it seems that it plans to focus on supplier certification. In 2018, Target trialed ConsenSource by using it to manage its paper products and interact with suppliers in the forestry industry. Of course, this is just one possible application, and there may be more to come.

Shopper’s Drug Mart, a subsidiary of the Canadian retail chain Loblaw’s, is planning to use blockchain tech to trace its medical cannabis. Shopper’s has chosen to rely on TruTrace StrainSecure, a blockchain-based tool that tests the drug’s makeup and ensures that it has not been degraded in quality at any point in time.

The Canadian drug store first announced this project in June, and in November, it is planning to move into Phase 2, which will involve setting standards and onboarding partners. This project may not progress quickly, but when it does, it will give customers, pharmacies, and prescribers a product that is guaranteed to meet standards.

These blockchain-based efforts might not attract the attention of typical customers. However, the benefits might trickle down to the public by allowing retailers to offer safer and more trustworthy products―and more efficient service. That said, many of these blockchain efforts are in their early stages, and some may not reach maturity.

On another note, some services do give customers a way to pay with crypto. Bitcoin debit cards allow you to spend crypto almost anywhere you go, though these are third-party services that have not been endorsed by retailers. Additionally, some stores officially accept crypto, meaning that there is something for every shopper.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.

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Hyperledger Gaining Momentum, Poised for Major Move

Blockchain platforms designed for advanced processes, such as smart contracts and decentralized applications (dApps), are seeing a significant uptick in adoption, as a wide range of organizations recognize what the technology has to offer. Although Ethereum is considered the leader in this space, Hyperledger is now becoming a significant rival. This fact may be surprising to many crypto advocates, who have long overlooked Hyperledger due to its permissioned architecture and close ties to corporate interests.

By any measure, Hyperledger has been having a good year. It has continued to grow its capacity, and has become one of the few blockchain platforms to see notable real world use. In fact, dozens of institutions now use it in areas ranging from logistics to finance. These include some of the largest businesses in the world, such as Walmart and Samsung, as well as public entities like Dubai, which will use the platform for its smart city development. In fact, according to Forbes, of the fifty largest entities that have deployed blockchain technology, half are using Hyperledger.

It is important to note that the Hyperledger ecosystem is extremely large, and continues to grow. Although the platform has been developed by the Linux Foundation, many very large technology companies have played a role in various divisions. This gives Hyperledger a wealth of talent and capital to innovate and find unique use cases. It also opens the door to substantial number of partnerships and potential users.

IBM is perhaps the largest corporate player, and has developed Hyperledger Fabric. This framework within the Hyperledger network is the most direct competitor to Ethereum and other dApp platforms. Big Blue clearly expects Fabric to play a major role in the blockchain space, and to that end is pouring tremendous resources into it. Other corporate codebases include Hyperledger Sawtooth, developed by Intel, and Hyperledger Iroha, developed by Hitachi.

There are also moves underway to link Hyperledger to existing permissionless platforms. Notably, the Iota Foundation has just announced a partnership with the Linux Foundation that will include collaboration with Hyperledger to create an array of interoperability standards for hardware and software for Internet-of-things applications. Hyperledger has been working with the Enterprise Ethereum Alliance on similar issues for over one year.

There is, of course, no shortage of criticism toward Hyperledger, most of which is based on the fact that it is a permissioned platform. Node operation is not open to the public, and the entire ecosystem, with few exceptions, is tightly regulated by the consortium’s members. In other words, it lacks the true decentralized architecture that makes distributed ledger technology so revolutionary. Whereas there are specific use cases for permissioned blockchains, their ability to offer the same immutable consensus and secure exchange of data is limited, at best.

To a certain extent, it may be Hyperledger’s centralized nature that is helping it to gain users. Despite its technical limitations, institutions entering the blockchain space trust corporate players such as IBM to deliver on their promises. The same phenomenon can be seen among permissionless platforms, as those with strong development teams that have retained a degree of control seem to be gaining far more traction in the real world. Simply put, the fact that trusted entities are behind its success is a strong incentive to use it.

The growth of the Hyperledger project is a clear example of the tremendous diversity that exists within the blockchain space. It is a reminder that the blockchain revolution is still in its early stages, and the platforms that will succeed long-term have yet to be defined. Hyperledger may not fit the definition of a true, open distributed ledger. Nevertheless, its backers are clearly preparing for mass adoption and use across a multitude of global sectors.

Featured Image via BigStock.

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MineHub Launches HyperLedger-Powered Mining Industry Platform

The mining industry (the dig into the ground kind) is about to get a major upgrade thanks to an IBM Hyperledger powered venture by MineHub.

According to a recent press release, the blockchain-powered platform will allow for faster and more accurate mining contracts, smart contracts and trading among other things. The platform has already gone live as of today, but won’t see any actual use for a few months the company says.

Read on as we go over the basics of this exciting new venture and what it represents for blockchain adoption.

Minehub

MineHub’s Big Plan

The minerals and metals mining industry is big and complicated, to put it lightly. As a result, things can move slowly and accountability to difficult. In their official statement, the company writes that their industry “has traditionally suffered from inefficiencies due to manual, paper-based processes and a lack of transparency among supply chain participants.”

This is where MineHub’s plan comes into play, hoping to shake up the status quo. The new blockchain based system will by contrast “[increase] levels of automation and [provide] greater traceability”, while also “[improving] profit margins and [contributing] to sustainable supply chains and responsible sourcing.”

The blockchain system being used by the MineHub platform was developed through a cooperation between IBM and MineHub. The system uses Hyperledger, a blockchain system created by IBM that was targeted squarely at large corporations and does not have a “coin” of its own. According to its project director, Hyperledger will “never [have] a Hyperledger coin.”

This, director Behlendorf stated, was to prevent having to deal with what we referred to as “political challenges”.

In simple terms, Hyperledger is a competitor with Ethereum and is designed for companies and groups to build on it to achieve their own goals. However, it does not have its own coin or token, and did not hold any kind of ICO or other fundraising effort.

This keeps it out of the regulators grasp, making it more attractive to big businesses that are likely unwilling to take the risk of running afoul of the US SEC.

From Papers to Bits

The number of features offered by MineHub is impressive. It includes such offerings as on-chain contract management, completely traceable “mine-to-market” accountability. The system offers features that support credit and other financing functions as well as invoicing and payments processing and tracking.

Finally, the system allows for users to know exactly where a given shipment, product, or operation is at any moment – providing a degree of on-demand insights that was previously unthinkable.

What’s particularly interesting about the platforms offering is the use of smart contracts to automate dozens of operations that perviously had to be done on paper or by a person. The automation of smart contracts could allow for transactions to become incredibly seamless and fast, savings millions of dollars and thousands of labor hours.

Just the Beginning

Mining minerals and metals (among other things) is an industry that’s been around since the dawn of civilization. To see interest and actual concrete activity in integrating blockchain and smart contracts into such a well-established industry is truly impressive.

It’s also a clear sign that things are changing and more major industries are taking blockchain seriously. While it is unlikely that this kind of development will directly cause your crypto investments to become more valuable, what this kind of development does is further cement the legitimacy of blockchain.

The most conservative of industries need to see others taking the first step before they will be willing to dip their toes in the proverbial waters. It’s a safe bet that mineral and metal mining is a conservative industry with deeply entrenched players calling all the shots.

If the mining industry is willing to make this kind of bet on smart contracts and Hyperledger, just imagine what we might see in the coming years from a variety of big industries.


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Dubai Unveils Ethereum and Hyperledger-Powered Business Registry Platform

Reading Time: 2minutesbyOgwu Osaemezu EmmanuelonOctober 8, 2019&nbspBlockchain, Ethereum

Dubai authorities have announced the launch of a Unified Business Registry Platform (UBRP) built on Hyperledger fabric and the Ethereum enterprise blockchain. The primary objective of the UBRP is to introduce a better regulation model and enable license issuers to seamlessly manage their trade licenses and corporate registries, reports Saudi Gazette on October 7, 2019.

Business Registry on the Blockchain

In an effort to create a more transparent business ecosystem and make it easier for government parastatals in charge of license issuance to manage their trade licenses and corporate registries, Dubai Economy and Dubai Pulse have launched a Unified Business Registry Platform (UBRP).

Reportedly, the Hyperledger Fabric and Ethereum-based UBRP is hosted on the Blockchain-Platform-as-a-Service (BPaaS) network of Dubai Pulse, a joint venture of Smart Dubai and du, which is designed to streamline the processes of license issuers in the state.

The UBRP is the first locally-hosted BPaaS platform in the UAE and the team says it comes with a vast array of features that will enable it to scale easily, whilst also supporting frictionless onboarding of new entities.

So far, the UBRP has started gaining traction in the region, as some government parastatals, including Dubai Electricity and Water Authority (DEWA), Dubai Multi Commodities Centre (DMCC) and Dubai Silicon Oasis Authority, have already joined the platform and the team plans to add up to 40 more agencies shortly.

UBRP Fosters Interoperability

The team claims the UBRP platform is compatible and interoperable with other blockchain protocols. It also supports smart contracts as well as smart contracts on-demand, while also accelerating the broader adoption of blockchain technology through its flexible hybrid architecture.

Commenting on the innovative initiative, Abdullah Hassan, CEO of the Corporate Support Services sector in Dubai Economy reiterated that the launch of the UBRP represents a significant milestone in the region’s march towards total digital transformation.

In his words:

“Dubai Economy is moving to the next level of its digital transformation with the Unified Business Registry Platform. We are proud to occupy the frontline in Dubai’s journey towards becoming the world’s first blockchain-powered government.”

In related news, on October 7, 2019, BTCManagerinformed that the Dubai Ministry of Community Development is organizing a Blockathon aimed a getting the best blockchain developers in the region to build solutions that would contribute to the growth of the region, as part of the UAE’s vision 2021 and 2071 centennial goals.

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