Every Rent Contract to Be Registered on the Blockchain

The Prime Minister of Malta, Joseph Muscat, has announced that the island nation’s upcoming rent law reforms will require all tenancy contracts to be registered on the blockchain. According to Malta Today, Muscat stated: “Every rent contract in Malta will be registered. The system we will be using to register the contracts is blockchain – distributed ledger technology.” Blockchain Technology Will Make Rent Contracts Tamper-Proof According to Muscat, this will protect the tenancy agreements from being tampered with. Muscat also hinted that the island nation of slightly under half a…

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

By CCN Markets: Samsung Electronics vice chairman Jay Y. Lee has revealed a marked focus in future technologies – part of its 10-year strategy – with a focus on blockchain, artificial intelligence (AI), and 6G. Lee, who is often seen as the face of the Samsung, held meetings last week with some of the company’s executives about the potential collaboration with emerging technology platforms. The technology giant is willing to invest and work with companies building up these nascent technologies. Samsung has already made significant strides into the blockchain ecosystem…

Blockchain Experts Slam Facebook’s Crypto Libra

Published: 19/06/2019 08:33 EST. Journalist: By CCN Markets: A lot has already been said about Facebook’s Libra cryptocurrency and its ambition to disrupt the finance world. But what about the blockchain technology that powers it? Blockchain experts have poured over the technical documents and played with the Libra protocol testnet. Suffice to say, they’re not convinced about Libra’s claims. Facebook launched the Libra protocol blockchain testnet on Tuesday, but experts aren’t convinced. Source: Libra “A disaster in slow motion” Bitcoin developer Tamas Blummer offered the most damning assessment of the…

Microsoft, Salesforce Join Hyperledger Enterprise Blockchain Consortium

Two of the world’s largest top-10 enterprise software companies by revenue have joined the Hyperledger blockchain consortium. Microsoft and Salesforce are among the eight new members announced by Hyperledger Tuesday. The recruits also include Norilsk Nickel (Nornickel), a Russian metal company; Gloscad, a Polish tech company developing solutions for the agriculture industry; and Milligan Partners, a U.S.-based consulting firm focused on tech solutions for supply-chain management. As members, these companies will pay dues based on their size to Hyperledger, an umbrella project for various business blockchains run by the Linux…

‘Most Ambitious’ Blockchain Startup Since Ethereum Raises $15 Million

By CCN Markets: A blockchain project called Helium has raised $15 million in a round led by enthusiastic technology investors like Multicoin Capital and Google (via venture fund GV). Multicoin wrote a passionate blog post, praising the project as one of the most ambitious crypto ventures since Ethereum itself. Helium reportedly will bring reduced costs to deploying wireless networks, as Multicoin partner Tushar Jain explains:  “The Helium vision is the most ambitious we have seen in the blockchain space since the advent of smart contracts on Ethereum: Helium represents a…

Most Blockchain Platforms Will Need Replacing in a Couple Years: Report

By CCN: Most enterprise blockchains have been mistargeted. They will need replacing in a couple of years. Gartner did a study that found up to 90% of the blockchains in use today will need to be replaced in just a couple short years. “By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner, Inc.” Gartner says the blockchain market is fragmented. | Source: Twitter Impact to Business: $200 Billion The report isn’t all doom and…

Could the Blockchain Have Prevented It?

By CCN: A major data breach has rocked Quest Diagnostics, exposing the personal details of nearly 12 million patients in the process. The incident, which was reported in a public filing, occurred on May 14 after centralized third-party billing company American Medical Collection Agency (AMCA) informed the diagnostic testing company about “potential unauthorized activity” on a “web payment page.” Quest Diagnostics has some blockchain exposure, but apparently not enough. Among the first companies to respond was blockchain-powered ID startup Civic, suggesting its decentralized technology could put an end to data…

World’s Biggest Banks Splash $63 million on a Blockchain Digital Currency

 By CCN: Some of the world’s biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers. These banks from Japan, Europe, and the United States are hoping that issuing a utility settlement coin (USC) will lower transaction costs of cross-border payments by cutting out intermediaries. Fnality International has received $63.1 million in capital from the 14 participating banks. These banks include Barclays of Europe and the United States’ State Street; Japan’s MUFG Bank and Sumitomo Mitsui Banking Corp as well as UBS…

These US Insurance Giants Will Pay Each Other on a Blockchain

By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other. So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment. Billions Per Year Settled On Blockchain The claims amount to billions of dollars a year, which is a lucrative volume that blockchains can settle in minutes. The advent of stablecoins and clearer regulations have…

Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish

By CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.3 trillion worth of index funds, Forbes reports. Vanguard’s Blockchain Manages More Than $1 Trillion in Assets Since February, Vanguard has used blockchain to manage financial data for one-quarter of its assets, valued at $1.3 trillion. More than just a one-off trial, the service is operating live for millions of…