Coinatory

Even Erno Rubik would feel like Edward Scissorhands here. In the global-payments space Putting everything on its right axis – speed, precision, real-time nuances, user-friendliness, global ease, reliability, availability and unrelenting security on top of all this – yes, easier said than done. In the matrix of cross-border payments, some cube always gets left out. It never adds up – everything together. That’s the gap that is putting names like IBM, Stellar and even Russia government in the same breath as SWIFT. SWIFT or the Society for Worldwide Interbank Financial Telecommunication - The banking cooperative’s services tracing as far back as 40 years ago that spread to around 200 countries by ironing out kinks in payments. Y ... Read more about " Blockchain – Cue for a SWIFT-er world " on coinatory.com

IBM’s early-mover grip on blockchain may not be so easy to attack; but other enterprise champs like Oracle, Microsoft and Fujitsu are not sitting in the dug-out anymore. Who will clinch the home-run then? Something’s strange about these headlines. IBM together with SAP and Cloud! Oracle mixing DevOps and Blockchain! And the most twisted- almost every dyed-in-the-wool enterprise software player is okay being in the same room as Linux (in the shape of Hyperledger), and not feeling nauseous. Strange bedfellows, you may say. Smart choice of bedsides, we would add. Only Blockchain could finish the new décor of these war-rooms; all the furniture rearranged a bit by Cloud and As-a-Service forces is finally coming together. But make no m ... Read more about " Blockchain – Not Rock-Paper-Scissors. More Like Snakes-and-Ladders " on coinatory.com

The SWIFT global cross-border payments system believes that the blockchain is not suitable for solving the problem of delay in cross-border bank payments. The main reasons are a violation of a number of regulatory requirements and the inability of the blockchain to ensure the confidentiality of such operations, which can lead to the reluctant adoption of this technology. Ripple vs. SWIFT Ripple and SWIFT have now become major competitors in cross-border payments. While SWIFT technology is considered slow, Ripple CEO Brad Garlinghouse is confident that his company"s blockchain technology can significantly speed up such payments. Nevertheless, SWIFT is now seeking to promote GPI - its own new global payment system. It is reported ... Read more about " SWIFT: blockchain is not suitable for bank cross-border payments " on coinatory.com

IBM officially launched its blockchain-based food tracking program. Wholesalers, suppliers and all other organizations that want to use food tracking software in their supply chain will be able to use the IBM Food Trust platform. After 18 months of testing, IBM launched its platform for tracking food using the blockchain. Retailers, food suppliers and wholesalers will now be able to use IBM software to track food based on IBM"s distributed database (DLT). Food-tracking solutions similar to the IBM Food Trust have so far been presented ... Read more about " Food Trust by IBM officially launched " on coinatory.com

The Supreme Court of China recognized the validity of evidence authenticated in the blockchain. And in Beijing, opened the second Internet court. This means that for the first time in the history of the world, justice institutions will be able to operate with virtual certificates and consider online claims. So, almost imperceptibly, in the legal science, there was a real legal tech revolution. Let"s try to figure out what value this will have for the digital economy and for legal reality. Questions about the acceptance of information ... Read more about " Blockchain data used as evidence in court in China " on coinatory.com

The Central Bank of South Africa announced plans to use blockchain technology based on the Ethereum for performing interbank transactions. The regulator completed the testing of the platform within the Project Khokha project. During the testing, it was proved in practice and in close cooperation with the banks of the country that the distributed ledger technology allows online processing of transactions in a simplified scheme than with traditional payment systems. Almost 99% of all test transactions on the blockchain were processed ... Read more about " The South African regulator can launch a blockchain-based platform " on coinatory.com

The fact that Twitter can use the technology of distributed ledger, said the head of the company Jack Dorsey. The statement was made during the hearings in the US Congress, where the head of Twitter took part along with the CFO on Facebook (company representatives testified about the interference in the presidential election in 2016). To introduce a blockchain system into a working platform is planned in order to maintain the privacy of users as well as possible, secure their data, and also to ensure that there is no scam on the ... Read more about " Twitter can start using blockchain " on coinatory.com

The fact that Twitter can use the technology of distributed ledger, said the head of the company Jack Dorsey. The statement was made during the hearings in the US Congress, where the head of Twitter took part along with the CFO on Facebook (company representatives testified about the interference in the presidential election in 2016). To introduce a blockchain system into a working platform is planned in order to maintain the privacy of users as well as possible, secure their data, and also to ensure that there is no scam on the ... Read more about " Twitter can start using blockchain " on coinatory.com

Deutsche Börse created a specialized department dedicated to "DLT, cryptocurrency assets, and new market products." The German stock exchange together with the international central securities depositories studied the properties of the smart contracts for mobilization of insufficient security of obligations. Also - the creation of a functional prototype for the settlement of transactions with securities on the basis of a blockchain with Deutsche Bundesbank. Jens Hachmeister, managing director of DLT subdivision, cryptocurrency assets ... Read more about " Deutsche Börse has created the blockchain subdivision " on coinatory.com

Microsoft in cooperation with the Indian company Tech Mahindra is going to create a blockchain platform for fighting spam calls. Partners expect to launch an appropriate service for local telecom operators. The Indian regulator TRAI (Telecommunication Regulatory Authority of India) considers unsolicited commercial communications (Unsolicited commercial communication - UCC) a serious problem for the clients of telecom companies. The agency is trying to solve this problem with the involvement of all interested players, and a month ago ... Read more about " Microsoft uses blockchain in India to solve problems with spam calls " on coinatory.com

One of the world"s leading logistics companies, UPS filed an application for registration in the Bureau of Registration of Patents and Trademarks (USPTO) for the rights to use blockchain technology as part of a distributed system for sending parcels around the world. An application called "Autonomous Service of the Selection System and Distributed Transport Databases" is a concept that implies the storage of data in a distributed registry system, including information on the designation of the package, its movements and the transportation ... Read more about " UPS patents the blockchain for tracking " on coinatory.com

Blockchain attracts more and more attention, and even such centralized structures as banks and governments are beginning to be interested in how to use this technology. However, there is another term - the distributed ledger technology, or DLT. Ironically, the most interest in DLT is shown by those organizations that bitcoin and blockchain wanted to replace - banks, governments, and large corporations. Recently, the Bank of England announced that with the help of a blockchain and the DLT wants to breathe new life into its real-time ... Read more about " Blockchain and distributed ledger technology - the difference " on coinatory.com