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BHP Billiton to Use Blockchain for Supply Chain

By Editorial Staff | Sep 24, 2016

The world’s largest mining firm, BHP Billiton, as ranked by PwC intends to begin using the ethereum blockchain to improve its supply chain processes. Some use cases include decentralized file storage, multi-party data acquisition and immutability, all aspects that will enhance the supply chain. Source Photo by amandabhslater

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Blockchain Smart Contracts Need a New Kind of Due Diligence

By Editorial Staff | Sep 22, 2016

Two legal experts argue that we need enhanced due diligence before smart contract transactions are written in “blockchain stone”. Source Photo by One Way Stock

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Symbiont Showcases Blockchain Catastrophe Swaps to Insurance Execs

By Editorial Staff | Sep 22, 2016

Blockchain startup Symbiont has demonstrated a self-executing catastrophe swap smart contract on a platform designed for a wide-range of industries. The startup demonstrated a system of smart contracts integrated with Symbiont’s secretive Assembly blockchain, which facilitated how the automatic dispersal of funds would work. Source

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HK Encourages brokers and insurers to go fintech

By Editorial Staff | Sep 22, 2016

Both the securities watchdog and insurance regulator in Hong Kong have introduced measures to encourage brokerage firms and insurance companies to promote the use of fintech among their clients as part of a wider Hong Kong government efforts to gear up the city to compete with overseas rival such as Singapore. Read more at SCMP

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Ethereum’s Creator Proves Blockchain Scaling is No Joke at Devcon Keynote

By Editorial Staff | Sep 22, 2016

Ethereum creator Vitalik Buterin gave a lengthy speech at Devcon2 this week focused on efforts to scale the protocol, with a vision of achieving onchain scaling whilerunning on nothing other than consumer laptops Read more at CoinDeskPhoto by TechCrunch

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7 Financial Firms Test Blockchain for Data Management

By Editorial Staff | Sep 22, 2016

Credit Suisse, Citi and HSBC are among seven financial firms to participate in a blockchain data management trial, with support from blockchain firms Axoni and R3CEV. Specifically participants interact with reference data after corporate bond issuance, with any proposed changes requiring validation by the underwriter to ensure the ledger provided a single, immutable record of…

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Accenture: Absolute Immutability Will Slow Blockchain Progress

By Editorial Staff | Sep 22, 2016

David Treat, managing director and head of Accenture’s capital markets blockchain practice, opines on the difficulties of immutability. For decentralized cryptocurrency systems, immutability has been crucial in building trust between parties and faith in the system, and that has resulted in the rapid interest and growth in this area. Blockchain’s audit and data-tracking capabilities are…

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JPMorgan Seeks Faster Settlement Times in Blockchain Trials

By Editorial Staff | Sep 21, 2016

A JPMorgan executive, Abhijit Gupta, says the multinational bank still has a long way to go to meet its blockchain objectives.He was concerned about the improvements in the technology, especially on speed. Source Photo by SolvencyIIWire

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Microsoft’s Bletchley Blockchain Project Enters Next Phase

By Editorial Staff | Sep 21, 2016

Microsoft unveiled a new version of its consortium blockchain software Bletchley today, which is a tool designed to make it easier for Project Bletchley users to spin up a consortium using a private version of the ethereum blockchain. The project is the latest sign that Microsoft remains interesting in developing ethereum as an “infrastructure layer”…

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