Tag: BlockchainBased

Amazon Patents Blockchain-Based Product Authenticator

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Amazon, a kingmaker of e-commerce and shipping, has patented a distributed ledger-based (DLT) system for proving the authenticity of consumer goods. The U.S. Patent and Trademark Office approved the Seattle tech giant’s nearly three-year-old “Distributed ledger certification” filing on Tuesday. The patent describes using DLT to infuse “digital trust from the first mile of an item’s supply chain” to the last. Amazon’s system compiles data from distributors, manufacturers and shippers on an “open framework” that builds a product provenance across information silos. This data could be neatly packaged for the…

VeChain and Bayer China Team up for Blockchain-based Healthcare Project, Here’s What it Means for China

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Pharmaceutical giant Bayer is now working with the Chinese crypto project VeChain on a blockchain-based medical traceability and supply chain program.  In a tweet by the VeChain Foundation, the firm stated Bayer China – the Far Eastern unit of the medical giant – will utilize the former’s blockchain expertise to track clinical drugs across the latter’s nationwide supply chain. Bayer G4A China chose VeChain to co-developed Csecure, a traceability solution for the management of clinical trial drugs. This solidifies VeChain’s position in the digital health space. Read the news…

Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts

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Chinese e-commerce giant JD.com, also known as Jingdong, has successfully launched two enterprise-level applications, including blockchain-based smart contracts, and the protection of commercially confidential information.     These two applications were launched on JD’s independently-developed proprietary blockchain, JD Chain. The JD Chain blockchain framework was made open sourced around a year ago, five months after the company launched the JD Blockchain Open Platform enabling companies to use JD’s platform using pre-built APIs. The blockchain protocol has been opened up to allow enterprises to built custom solutions.   The two enterprise-level…

Plantoids: The Advent of New Blockchain-Based Lifeforms

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Gunsmoke was a staple in the earlier era of American entertainment. The western-themed series first aired on radio in 1952 and ended its run in 1961. The TV series premiered in 1955 and ran for a total of 635 episodes over two decades.  Gunsmoke’s main protagonist was Marshal Matt Dillon from Dodge City, Kansas (ever wondered where the phrase Let’s get the hell out of Dodge came from?). The same actor, James Arness, portrayed the character for the entire TV run (William Conrad played the radio incarnation of Marshal Dillon. Conrad…

When Lambo? Lamborghini Launches Blockchain-Based Collectible Stamps

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Lamborghini, a famous Italian manufacturer of luxury sports cars, continues to utilize the Blockchain in its corporate operations. Among the latest technology developments, the well-known brand is applying blockchain to digitize its collectible stamps. Lamborghini is launching its first collectible digital stamps, the “Automobili Lamborghini Collection.” Powered by blockchain technology, the new collection is a series of collectible digital stamps dedicated to the history of the world’s most iconic luxury brand cars. The first stamp from the Automobili Lamborghini Collection is devoted to the Huracán EVO RWD Spyder, a new…

Visa Files Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

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Visa has filed a patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO).     The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.    Filed by Simon J. Hurry and Alexander Pierre with the…

China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

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China’s Central Bank, the People’s Bank of China (PBoC) announced its development plans for outlining a blockchain-based trade finance platform for the Greater Bay Area that links Hong Kong, Guangdong, and Macao.      Governing entities in China, including the PBoC, China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau came together to issue the official document for the proposal. The entities submitted their suggestions on financing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on global trade and finance.    The proposed blockchain-based…

China’s Central Bank Proposes a Blockchain-Based Trade-Finance Platform

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A number of governing entities in China recently came together to issue an official document, proposing the development of a blockchain-based trade finance platform. Contributors included the People’s Bank of China, the China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau. In the document, the four organizations submitted their opinions on how best to finance the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with an emphasis on global trade and finance. Disrupting how cross-border trade info is shared In an attempt to develop and implement…

Ripple Seems to Be Developing a Blockchain-Based Working Capital Loans Product

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The blockchain-based payment network Ripple recently added a job opening on its official website for a “Director of Product Management, Loans.” The description indicates that Ripple is working on a new loan product to help its customers with working capital loans. Working capital loans are loans companies take to financially support their everyday operations in the short term. A blockchain-based loan product could potentially shorten the time for companies to avail capital loans, reduce paperwork, and improve transparency and accountability between the involved parties. Considering Ripple’s wide reach across major…

Swiss Company Piloting Blockchain-Based Health Certificates To Address Lockdowns – Blockchain News, Opinion and Jobs

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Several Swiss international companies and civil and military organisations are piloting a new blockchain project which can deliver a secure health certificate on a mobile application. The project, called Health n Go sprouted from a blockchain-driven ticketing company called TIXnGO,  who repurposed their existing blockchain-based technology to create Health n Go Health n Go is capable of securely distributing health certificates at scale and in line with government and corporate needs in managing the pandemic. Frédéric Longatte, CEO of TIX n GO and Health n Go, said: “In light of…