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Tag: ConsenSys

Ethereum Stats Show Protocol Is “Most Decentralized Blockchain Platform”

Category: Altcoins, Blockchain, Ethereum, News, Tech

Ethereum Stats Show Protocol Is “Most Decentralized Blockchain Platform”

In a recent blog post on June 1, 2018, ConsenSys, a blockchain software technology company, collated Ethereum’s data and its total impact on the blockchain ecosystem. The company exclusively builds dApps on Ethereum. Social Media Giant As stated, the word “Ethereum” was searched on Google more than 110 million times since its inception in 2015. Additionally, “#ethereum” gets tweeted 20,000…

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Rural Banks in the Philippines to use ConsenSys’ Ethereum Blockchain System to Facilitate Real-time Transactions

Category: Blockchain, Business, Finance, News, Tech

Rural Banks in the Philippines to use ConsenSys’ Ethereum Blockchain System to Facilitate Real-time Transactions

On May 27, 2018, ConsenSyS announced the selection of five rural banks in the crypto-friendly Philippines to try out its blockchain-based real-time payments solution. Banking the Unbanked The Union Bank of the Philippines has joined forces with the ConsenSyS blockchain startup to change the faces of five rural banks in the Mindanao region. The project dubbed “i2i,” shorthand for “island-to-island,”…

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First Bank in Kuwait to Test Ripple Blockchain to Process Instant Global Payments

Category: Altcoins, Blockchain, Business, Finance, News, Tech

First Bank in Kuwait to Test Ripple Blockchain to Process Instant Global Payments

Kuwait Finance House (KFH), the first commercial bank in the State of Kuwait established in 1977, announced on May 26, 2018, that it has begun testing Ripple’s blockchain protocol to settle instantaneous global payments and remittances in a decentralized manner. More Partners, More Momentum The deal between KFH and Ripple carries significance in regards to the influence of Ripple throughout…

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Amazon Moves into Blockchain Technology with Kaleido Partnership

Category: Blockchain, Business, Ethereum, News, Tech

Amazon Moves into Blockchain Technology with Kaleido Partnership

On May 15, 2018, Amazon Web Services (AWS) announced a partnership with Kaleido, a new blockchain-based business cloud, and software-as-a-service (SaaS). The goal of the AWS and Kaleido partnership is to help AWS customers quickly build a custom enterprise blockchain. Low Adoption Rates Despite Fervor While enterprises are thinking of adopting blockchain technology, many realize the difficulties and hurdles such…

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Forget Silicon Valley: New York City Is Becoming the Face of Blockchain Development

Category: Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News, Tech

Forget Silicon Valley: New York City Is Becoming the Face of Blockchain Development

Inside buildings whose exterior walls are adorned with the ubiquitous graffiti murals urban America, a new kind of culture is emerging in Brooklyn, New York. From repurposed warehouses to other abandoned industrial buildings, crypto and blockchain entrepreneurs are setting up shop to establish their startups. As blockchain technology is beginning to mature, it seems some of its staunchest proponents have…

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Automotive Industry Form Mobility Open Blockchain Initiative

Category: Blockchain, Business, News, Tech

Automotive Industry Form Mobility Open Blockchain Initiative

Blockchain is on a campaign to impact every facet of life, but there are certain domains ripe for disruption, and the automotive industry is one of them. Automotive Consortium Four of the world’s largest car makers — BMW, General Motors, Ford, and Renault—announced on May 2, 2018, they will form a group to explore the potential of blockchain in the…

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ERC-948: Subscription Services on the Ethereum Blockchain

Category: Altcoins, Blockchain, Business, Ethereum, News, Tech

ERC-948: Subscription Services on the Ethereum Blockchain

Despite the popularity of a subscription-model economy, it’s challenging for companies to adopt a subscription-based model on the Ethereum blockchain due to Ether’s highly incompatible properties. To receive a product or service on a monthly basis, individuals would need to sign with their private keys every single time. Building on top of ERC-20 According to ConsenSys’s medium blog, a potential…

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Microsoft Announces Developments to Ethereum on Azure

Category: Blockchain, Business, Ethereum, News, Tech

Microsoft Announces Developments to Ethereum on Azure

Microsoft announced on March 19, 2018, significant enhancements to the Ethereum on Azure offering, which will make production-ready consortium Blockchain networks suitable for application in enterprise scenarios. One Click Cloud-Based Business Solutions: Ethereum and Azure The developments will bring improved reliability, analytics, and simplified deployment to Ethereum on Azure. This upgrade includes high availability of blockchain network presence, simplified deployment…

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Dubai Announces Digital Blockchain Passport for ‘Borderless’ Airport

Category: Blockchain, News, Tech

Dubai Announces Digital Blockchain Passport for ‘Borderless’ Airport

The Government of Dubai has announced its collaboration with UK-based blockchain startup ObjectTech to create digital passports for quick and efficient entry at the Dubai International Airport. Working closely with Dubai’s Immigration and Visas Department (GDRFA – General Directorate of Residency and Foreigners’ Affairs), ObjectTech seeks to create the world’s first ‘gate-less border’ through the use of the blockchain and…

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MetaX Launches adChain To Fight Ad Fraud With Blockchain Technology

Category: Blockchain, Business, News, Tech

MetaX Launches adChain To Fight Ad Fraud With Blockchain Technology

Blockchain technology is currently being trialed and implemented to disrupt the status quo of systems, processes, and business models in a broad range of industries. From financial services, supply chain management, and cyber security to cloud storage, the music industry and even the philanthropy sector, the distributed ledger technology is poised to change the way data of any kind is…

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