IBM Will Hire Near 2000 People in France To Work on Blockchain, AI and IoT

IBM announced it will hire near 2000 people in France to work on blockchain, Artificial Intelligence (AI), and IoT, reported Le Monde on May 23. Virginia Rometty, IBM chief executive, announced the news in an interview with Le Monde. She also expressed that IBM was currently working in collaboration with Crédit Mutuel, Orange Bank, Generali, … Continue reading IBM Will Hire Near 2000 People in France To Work on Blockchain, AI and IoT

Bank of America Has Won a Blockchain Patent For Security Tools

The Bank of America has won a blockchain patent for security tools, which would allow the bank to control access to some features of a permissioned blockchain network, reported Coindesk on May 22. The patent entitled "System for managing security and access to resource sub-components" outlines how security tokens would be used to give access to … Continue reading Bank of America Has Won a Blockchain Patent For Security Tools

Walmart Plans to Use Blockchain to Track Products Sell to Customers

Walmart announced it plans to use the blockchain to track products sell to customers, according to a new patent application, reported Coindesk on May 21. The patent application, released on May 17 by the U.S. Patent and Trademark Office, explains a blockchain-based system that would be used to track retail items resales. The system would use … Continue reading Walmart Plans to Use Blockchain to Track Products Sell to Customers

Seoul Mayor Wants Its City to Become a Blockchain Hub

Park Won-soon, Seoul's mayor, wants its city to become a blockchain hub as new elections arrive in June for South Korea's capital, reported Coindesk on May 22. Soon, which is Seoul's mayor since 2011, is seeking to be re-elected for a third time and he emphasizes the importance of the blockchain technology to help the city … Continue reading Seoul Mayor Wants Its City to Become a Blockchain Hub

Using Blockchain Technology Would Benefit Small Companies and Empower Citizens

Using the blockchain technology in areas like energy, supply chains, and governance would benefit small companies by reducing their costs and empower citizens, according to an EU press release published on May 16. An EU committee approved the recommendations on how to integrate the blockchain technology to reduce intermediation costs for small enterprises, empower citizens and help … Continue reading Using Blockchain Technology Would Benefit Small Companies and Empower Citizens

Japan’s Largest Bank Has Developed a New Blockchain In Partnership With Akamai

Japan's largest bank, Mitsubishi UFJ Financial Group (MUFG), has developed a new blockchain to increase the speed and lower the cost of transactions in partnership with the U.S-based tech company, Akamai, reported Fortune on May 21. The two companies will work in collaboration to design a blockchain-based system that would be able to handle 1 million … Continue reading Japan’s Largest Bank Has Developed a New Blockchain In Partnership With Akamai

What Are The Benefits of Combining the Blockchain With IoT?

  Chithra B Unni, a business analyst, answers the question on Quora: What are the benefits of combining the blockchain with IoT? Blockchain, a form of Distributed Ledger Technology, transfers digital information in such a way as to eliminate the chances of data being copied or replicated in any way. Originally this technology was devised for … Continue reading What Are The Benefits of Combining the Blockchain With IoT?

How Cloud Technology Enables New Business Models

This article was written by Patrick Hogan,  Co-Founder & Chief Executive Officer of Tenfold. Ten years ago, few would have imagined that employees could work entirely remotely or that an entire business infrastructure could exist on the internet. With the adoption of cloud computing, a service that allows companies to access processing and data storage through the … Continue reading How Cloud Technology Enables New Business Models

Tel-Aviv Stock Exchange to Develop a Blockchain Securities Lending Platform

The Tel-Aviv Stock Exchange (TASE) announced it will develop a blockchain securities lending platform in collaboration with Accenture and The Floor, an Israeli fintech hub, which will allow direct lending of all financial tools, reported Coindesk on May 17. The new blockchain-based platform for lending will be acting as a "one-stop-shop for all securities lending activities, permitting … Continue reading Tel-Aviv Stock Exchange to Develop a Blockchain Securities Lending Platform

India-Based IT Giant Infosys Team Up With 7 Banks to Develop the ‘India Trade Connect’ Network

India-based IT giant Infosys Finacle announced it team up with 7 banks to develop the "India Trade Connect" (ITC), including  Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank to enhance efficiency in trade finance, according to a press release published on May 16. The consortium developed … Continue reading India-Based IT Giant Infosys Team Up With 7 Banks to Develop the ‘India Trade Connect’ Network