Did E&Y beat Ethereum to the post with their zero-knowledge proof prototype for private transactions on public blockchains? Multinational auditing and consulting firm, Ernst & Young (EY), announced on October 30 the launch of their EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum […]
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Banco Bilbao Vizcaya Argentaria (BBVA) has carried out a blockchain-based syndicated loan of $150 million with BNP Paribas and MUFG. Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7. The syndicated bank transaction has been […]
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Bank of America leads in the blockchain patent race On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and […]
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Blockchain adoption in the field of precious metals. This week, two major news within the precious metals industry broke. First, the world’s largest diamond company, Russia’s Alrosa, joined a blockchain project aimed at increasing transparency. Secondly, the world’s largest bank, JPMorgan, reportedly started to use its blockchain to tokenize gold. Indeed, blockchain has been pioneering […]
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Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum public blockchain. “Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum (ETH) public network, according to a […]
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The government of the Australian state of New South Wales is set to complete a proof-of-concept for a blockchain land registry system by summer 2019. The government of the Australian state of New South Wales (NSW) is set to complete a proof-of-concept (PoC) for a blockchain-based land registry system by summer 2019, ZDNet reported October […]
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Blockchain isn’t a solution to the UK’s post-Brexit Irish border dilemma. Blockchain has one new supporter: the UK finance minister Philip Hammond. Quizzed at the Conservative Party conference on how the UK government might solve Brexit’s UK-Irish border issue, he suggested that blockchain technology may be a solution. “There is technology becoming available […] I […]
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Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk, the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do on a single blockchain. So Mastercard wants to implement a […]
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IBM released a new blockchain product, targeted to start-ups that are not quite ready for their enterprise application development solution. In addition, IBM will offer new services that are designed to commercialize blockchain applications. Unlike the trustless public blockchains that underpin cryptocurrencies like Bitcoin and Ethereum, IBM’s permissioned blockchain network limits the number of trusted […]
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