Walmart has been experimenting with blockchain technology over the past few years. What are the biggest breakthroughs the retail giant achieved? Walmart is currently making use of blockchain technology to create a food traceability system based on the Linux Foundation’s Hyperledger Fabric. Along with IBM, the retail giant has already tested two proof-of-concept projects to […]
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Last week, Deloitte unveiled a blockchain-based platform. Other Big Four firms are following suit, but to what extent? Last week, Big Four firm Deloitte unveiled a mobile platform designed to host blockchain networks on a small scale for demonstration purposes. The product is “based on client interest in understanding blockchain capabilities in live interactions,” as […]
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Major staffing company Kelly Services has partnered with online blockchain-based hiring platform Moonlighting to improve internal processes management. Global staffing company Kelly Services announced a strategic partnership with online blockchain-based hiring platform Moonlighting. As Forbes reported on Aug. 14, Kelly Services will deploy Moonlighting’s blockchain-enabled hiring platform in a bid to streamline internal processes such […]
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Will Brexit attract more fintech business to the U.K. or force those that already settled in London to leave England? Experts in the fintech industry answer. Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the […]
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The Aviation Industry is setting a new playing field with blockchain adoption spreading through loyalty programs, baggage tracking, air supply and logistics. In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and […]
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KPGM is partnering with Microsoft, Tomia and R3 to create a blockchain solution to make telecom settlements cheaper and faster. Business advisory firm KPGM has partnered with tech companies Tomia, Microsoft and R3 to create a blockchain-based settlements solution for the telecom industry, in anticipation of 5G network services. KPMG announced the partnership and product […]
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The insurance sector is riddled with inefficiencies — and distributed ledger technology is on a mission to fix them. The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive […]
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The AICPA has proposed a new set of standards for evaluating audit data, giving auditors guidelines on how to deal with audit evidence provided via blockchain. The American Institute of Certified Public Accountants (AICPA) has proposed a new set of standards for audit evidence including accommodation for blockchain-based data, according to a report by trade […]
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PwC announced its cryptocurrency auditing software solution that supposedly understands how the blockchain works. Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool […]
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The FDA needs to track drugs by 2023, but will it go with blockchain? Walmart is no stranger to distributed ledger technology (DLT). Back in October 2016, the multinational food retailer began collaborating with IBM on a blockchain-based system that could identify and flag recalled foods. Since then, it has dived into a number of patents […]
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