Digital Asset Blockchain Beats Wall Street’s Minimum Scale

Global business technology provider GFT has announced results of an independent performance test on the Digital Asset (DA) platform showing that the platform can process trading volumes exceeding 27,000 trades per second over a sustained period of time. These results place the platform above peak US equity trading volumes according to the DTCC. Founded in 2014, Digital Asset claims to be the only distributed ledger platform to have been developed according to the production requirements of the world’s largest financial institutions. GFT on its part provides business, IT and software services …

Kenyan Government to Use Blockchain to Distribute Affordable Housing

The Kenyan government plans to leverage blockchain technology for the distribution of new government-funded housing units, according to reports from local news outlet the Star. The Kenyan National Housing Fund will finance the initiative under the Finance Act 2018, and it plans to create an efficient allocation of the houses to those who need it using the distributed ledger technology. The State Housing and Urban Development Permanent Secretary Charles Hinga said the Fund expects to raise about Sh55 billion a year (around $545 million) to build “cheaper 500,000 housing units.”…

Sony Develops Blockchain-Based Rights Management System for Digital Content

Sony Corporation has announced the launch of a blockchain-based digital rights management system. In a statement released on its website, the company revealed that the new framework is built on a prior system for authenticating, sharing, and managing rights to educational data previously developed by Sony and Sony Global Education. In April, CCN reported that Sony filed an application for a patent to store users’ digital rights data on the blockchain. In its patent application, Sony warned that “conventional solutions may not be very reliable and rely on one unique point of…

NSW Registry Manager to Test Land Conveyancing on a Blockchain in Australia

The land registry manager of New South Wales in Australia has partnered with a blockchain technology firm with a view of applying distributed ledger technology to property conveyancing. According to the Financial Review, a proof of concept on a selected number of use cases will be conducted by the New South Wales Land Registry Services and blockchain tech firm Chromaway using the latter’s open source technology in recording data, facilitating transactions as well as offering smart contracts. Chromaway, which is based in Stockholm, Sweden, has been offering its open source…

DocuSign Will Add Ethereum Blockchain Integration to Verify Signatures

San Francisco based DocuSign has announced the integration of the Ethereum blockchain into its electronic signature and transaction management service. The company, which currently has over 400,000 paying customers, will now have an option for customers to have evidence of a DocuSigned agreement automatically recorded on the Ethereum blockchain. This option will be an alternative to the company’s native system for verifying signatures and is poised to be a natural fit for customers who want to have evidence of their agreements in a neutral environment. Ron Hirson, chief product officer…

Blockchain Refresh: Why KPMG’s New Strategy Focuses on Customs

KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to expanding its blockchain activities beyond the pure financial services work it had been doing, to explore a less-traveled path. Specifically, KPMG is homing in on the point where cross-border manufacturing and supply chain meet finance, customs duty, taxation and compliance. This is different than the usual supply chain use case, Ghosh said. He…

Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec.

Blockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28 before becoming the head of global commodities — is not without her share of controversy in the financial space. She’s widely credited with creating a credit derivative vehicle known as the credit default swap, which…

How Blockchain Can Make Passwords a Thing of the Past

REMME CEO Alex Momot spoke with CCN recently about the project’s goal to eliminate the need for passwords and related security problems using something he calls a “digital passport” that operates on a blockchain. Blockchain Tech Can Make Passwords Obsolete Instead of the password/username architecture, each user device is issued an SSL certificate. The certificate data is stored on the REMME blockchain and authenticated with that technology so that fake certificates cannot be used. Hackers typically target authentication servers and password databases to carry out mass attacks, and the lack…

French Grocery Chain Integrates IBM’s Food Trust Blockchain

IBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food safety and supply chain transparency. Immutable ledgers and open databases are a boon to industries with often chaotic supply chains, and the food industry, from production to sales, is chief among these industries. IBM offers…

Major Auction House Christie’s to Integrate Blockchain Technology for Art Sales

Christie’s, a leading art business based in the United States is collaborating with Artory, a highly reputed independent digital registry for the art industry, to register the sales of artworks on the blockchain, according to a press release by Christie’s on October 11, 2018. As stated in its press release, the leading art auction house is looking to leverage the immutability feature of the groundbreaking blockchain technology to record art transactions. To make the forward-thinking maneuver a friction-less process, Christie’s has joined forces with Artory, a credible platform whose primary…