Search Results for: System

Accenture Partners with R3 and SAP to Improve Settlement Systems by Using Blockchain

Consultancy firm Accenture has partnered with blockchain technology firm R3, and software giant SAP to produce a prototype that uses distributed ledger technology to allow real-time gross settlements.   John Velissarios, managing director and global blockchain technology lead at Accenture, mentioned that the need for the platform stems from the current “highly complex and fragmented” payment settlement … Continue reading Accenture Partners with R3 and SAP to Improve Settlement Systems by Using Blockchain

Greyp Teams Up with Blockchain Entities for Automated Payment System

Greyp, a Croatian mobility tech startup and electric bike manufacturer, has partnered with two blockchain firms, the Energy Web Foundation (EWF) and slock.it, to establish an automated payment structure for IoT vehicles.  EWF utilizes blockchain in the energy industry, whereas slock.it is an IoT firm that connects physical devices to the blockchain network.  According to … Continue reading Greyp Teams Up with Blockchain Entities for Automated Payment System

Blockchain May Jeopardize London’s Financial and Tax Collection Systems, Proclaims John Straw

John Straw, a senior advisor to IBM and McKinsey, has warned that blockchain could render the financial service sector in London irrelevant. He also noted that the city’s banks could be destroyed, making the collection of corporate and personal taxes cumbersome.  Straw’s notion is that the National Health Service (NHS) will be jeopardized because no tax … Continue reading Blockchain May Jeopardize London’s Financial and Tax Collection Systems, Proclaims John Straw

Bitcoin Transaction Fees Altering its Ecosystem

Bitcoin (BTC) transaction fees entail the amount charged for your proceedings to be handled by a miner and approved by the Bitcoin network.  According to research by Cornell, BTC transaction fees may threaten its ecosystem by jeopardizing long-term viability and prompting energy wastage. BTC has grown to unprecedented heights in the last ten years as … Continue reading Bitcoin Transaction Fees Altering its Ecosystem

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

Since President Xi Jinping’s call for an acceleration of blockchain development in China, the Middle Kingdom has not taken a backward step in the technology’s integration. As reported by the Global Times on Nov. 4, China has integrated an independently developed blockchain-based identification system for its cities into its smart city infrastructure. The new identification … Continue reading China Updates Smart City Infrastructure with Blockchain-Based City Identification System

Visa Launches a Blockchain System that Algorithmically Ensures Fairness

Visa, a prominent card payment solution provider, has developed a blockchain-driven system dubbed LucidiTEE that seeks to enable multiple parties to compute large-scale private data jointly. This is touted to happen in such a way that policy compliance is guaranteed even if the input providers are offline.  Through a whitepaper, Visa’s Research & Development department … Continue reading Visa Launches a Blockchain System that Algorithmically Ensures Fairness

Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading

Grayscale Investments, the American-based crypto management fund, announced a plan to launch its diversified crypto investment system for trading. This investment product is known as Grayscale Digital Large Cap Fund (GDLCF), and trading will begin in no distant time with access to US securities. Being Grayscale’s fourth investment product made open to the public, the … Continue reading Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading

IOTA Creates Payment System Compatible With Any App or Game

A developer has revealed that IOTA, a distributed ledger protocol created by the IOTA Foundation, has been integrated into a payment system, which can be utilized in any app or game.  Expressly, it functions seamlessly on all platforms, cush as Xbox one, WebAbb, Windows, Android, Playstation 4, Linux, and iOS, among others.  IOTA’s Progress IOTA … Continue reading IOTA Creates Payment System Compatible With Any App or Game

Coinbase Landed Patent for a New Compliance System to Root Out Non-Compliant Accounts

US cryptocurrency exchange Coinbase has been awarded a new patent from the US Patent and Trademark Office for an automated system to flag and remove non-compliant user accounts.   The filing was published on Nov. 19, detailing a new system with a model that “determines a compliance score for each one of the accounts based on … Continue reading Coinbase Landed Patent for a New Compliance System to Root Out Non-Compliant Accounts

Binance CEO Boosting the Super Exchange Ecosystem, With the Possibility of Adding Options

Changpeng Zhao (CZ), CEO of Binance, the world’s largest crypto exchange, was a keynote speaker at multiple blockchain-themed events in Singapore in mid-November. During these events, CZ made new announcements regarding the company’s new partnerships and new products that will be rolling out.      Blockchain.News took this opportunity to speak with CZ, one of the … Continue reading Binance CEO Boosting the Super Exchange Ecosystem, With the Possibility of Adding Options

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