Tag: BlockchainBased

Insurance Broker Marsh Pilots Blockchain-Based Digital Placement Platform

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Leading insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Per a Sept. 24 press release, the Risk Exchange platform aims to ensure a more transparent and secure digital placement and enables users to receive real-time information and feedback on the placement and binding process. Insurance placement is the purchase of an insurance product or the renewal of an existing product. First participants in the pilot As part of the pilot, commodity chemical company Dow Inc. and domestic appliance manufacturer SharkNinja will bind United States…

Two Firms to Build Blockchain-Based Solution for European Shipping

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Vakt, a blockchain-based post-trade platform for commodities, has signed a memorandum of understanding with essDOCS, a firm that develops paperless trade solutions, to put European shipping on the blockchain. As markets and technology-focused outlet Benzinga reported on Sept. 20, Vakt and essDOCS will work on a blockchain-based solution that will allow digitization of post-trade process in Europe’s barge shipping. Digitization of barge shipping data While the parties plan to launch the product in northwest Europe initially, they are hoping to expand further to global markets. A joint statement stated: “Trading…

Verizon Awarded Patent for Blockchain-Based Virtual SIM Cards

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Leading communications and technology company Verizon has been awarded a patent for using virtual subscriber identity modules (vSIMs) for customers’ devices. A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a software SIM version. According to the filing, this ensures more security and the existence of only one copy of the vSIM on one device at a time. The document further explains: “The network device initiates creation of a blockchain including…

Tech Startup Nebula Genomics Launches Blockchain-Based DNA Sequencing

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Tech startup Nebula Genomics is launching DNA sequencing using blockchain, which eliminates the need for customers to reveal personal information. Per a blog post published on Sept. 19, Nebula has rolled out anonymous genetic testing, enabling clients to purchase whole-genome sequencing and provide their saliva samples without the need to share their personal data such as name, address or credit card number. Eliminating the dependence on data de-identification To achieve this, Nebula developed and implemented a blockchain-based product that enables transparent and controllable data sharing, and offers an option to…

Mastercard Collaborates with R3 to Create Blockchain-Based Payments Model

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Mastercard, one of the world’s leading payment processors, and the leading enterprise blockchain software provider R3, announced they would jointly develop a new blockchain-powered cross-border payment solution. The newly developed blockchain system will also be supported by banks to conduct seamless transactions and real-time payment proposition. Mastercard has been exploring blockchain technology for a few years now and has about 80 blockchain patent application. The company even acquired Transfast, a global payments company with significant cross-border network reach. With Transfast, Mastercard claims to reach 90% of the population and over…

Thai Oil and Gas Firm Develops Blockchain-Based Renewables Platform

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Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) are jointly building a blockchain-based renewables platform. According to a press release shared with Cointelegraph on Sept. 11, the parties are developing a regional solution based on the Energy Web Chain. The new product will also be compliant with the International Renewable Energy Certificate (I-REC) Standard, which certifies renewable energy sources. I-REC certificate demand Energy producers can apply for I-REC tracking certificates from an issuer appointed by a government or trade organization. Once the tickets…

Waves Platform and The Abyss to Jointly Launch Blockchain-Based Games Marketplace

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Open source blockchain platform Waves and blockchain game distribution platform The Abyss will jointly launch a blockchain-based marketplace of digital goods and in-game items. In a blog post published on Sept. 5, The Abyss revealed its collaboration with the Waves Platform, aimed at the development of a blockchain-powered marketplace of tradable goods and in-game items. The marketplace will enable users to purchase items with Abyss Tokens and sell them to other users. Waves blockchain-integrated tokens The integration of Abyss Tokens with Waves blockchain will allow game developers to incorporate Abyss…

Continental Unveils Demo Earning App for Blockchain-Based Car Platform

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Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information. Parking space data for digital currency Forbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn As You Drive. This application reportedly lets drivers opt in to earn digital currency for sharing information about street parking availability through vehicle sensors. The data is shared with a manufacturer, who in turn sends…

Supermarket Chain Migros Implements Blockchain-Based Food Traceability

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Switzerland’s largest supermarket chain and retailer, Migros is turning to blockchain to keep tabs on its supply chain for food. Migros announced the implementation of TE-Food’s blockchain-based food traceability system, Aug. 29. Whilst many retailers are incorporating such systems to provide transparent information to customers, Migros is looking to the technology to optimize processes and provide greater value. Optimization through deeper supply chain insight According to the announcement, Migros expects the new initiative to provide more benefits than just offering transparency for customers. Rather, the supermarket expectst the new platform…

BitTorrent to Begin Alpha Testing Blockchain-Based Streaming Platform

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Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019. Platform overview BitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) — supports live video content and an instant messaging service. Additionally, its underlying system reportedly contains a top user chart and a user relationship feature. BitTorrent intends to roll out BLive in alpha, beta and full versions from Q3 2019…