R3 to Open Tech Hub in Dublin in 2020 Amid Rapid Growth Plans

The office will largely be staffed with engineering specialists.
Source: financemagnates
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Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council

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Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council

In a major breakthrough development, IBM and the Tata Communications group of India have officially joined the governance council of Hedera Hashgraph. Hedera Hashgraph is a public network similar to blockchain specifically designed for businesses and enterprises.

Just a year ago in August 2018, Hedera raised a whopping $124 million for future developments, despite a massive slowdown in the crypto market. The Hedera network is backed by some of the industry giants like hedgefund BlockTower Capital and the Digital Currency Group.

Hedera plans to have a total of 39 members in its governing council. Apart from the latest entrants like Tata and , some other big members include Deutsche AG and Nomura Co Ltd. Speaking to CoinDesk, Hedera CEO Mance Harmon said:

“Our goal is to create the most decentralized governing body of any of the major public platforms. We’re covering multiple industries … and we’re wanting global coverage.”

Hedera’s Distributed Ledger Technology (DLT) works differently compared to other blockchain networks. The Hedera network supports distributed file storage along with micropayments and smart contracts. In the future, it also plans to support the merging of the private network into public and take the benefit of its transaction ordering mechanism.

Adding Feather to Its Cap

With giants like IBM and Tata partnering with Hedera, the Hedera project will get a huge boost. Besides, IBM notes that Hedera’s unique ability to unify private and public network is of key interest to them. IBM says that it will use this feature to create trust in the company’s Hyperledger Fabric networks.

In his turn, Bryan Gross, principal offering manager of the IBM Blockchain Platform, noted:

“The most exciting part is the proposed Hedera Consensus Service. It has the potential to provide the core innovation of proof-of-work blockchains, like bitcoin and ethereum, without the performance and privacy trade-offs that are typically associated with these networks.”

Adding to it, Hedera chief Harmon said: “Hedera Consensus Service makes it possible for Hyperledger projects out there to use the service to put transactions in order and eliminate the need for them to stand up nodes for transaction ordering, and they get the trust model of a public network”.

Harmon thinks that with major giants like IBM and Tata joining the Hedera network will help in its further decentralization. The Hedera governance as such includes many checks that prevent any sort of power centralization taking place. The council members have an equal say in setting up policies for the network as well as approving updates to Hedera’s codebase.

Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council


Source: coinspeaker
Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council

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Tech Behemoth IBM Files for a Blockchain-Enabled Web Browser Patent

American technology has filed for a blockchain-enabled web browser patent


Source: cointelegraph
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Tech Giant IBM Files for New Blockchain Patent Regarding a Web Browser

As per an all new patent application submitted by earlier this week, the multinational company is looking to create its very own blockchain-based web browser that will make use of a peer-to-peer network to store and collect customer information. From a technical standpoint, we can see that the browser is designed to acquire certain […]
Source: bitcoinexchangeguide
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tZERO Patents Tech for Recording Trades on Public Blockchains

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‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

Bitcoin is here to stay in for funds, Agecroft Partners says


Source: cointelegraph
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Leading Tech, Telecom, Pharma, Beverage and Manufacturing Companies Collaborate with IBM and Chainyard to Simplify Supply Chain Management Using a New Blockchain Network

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Leading Tech, Telecom, Pharma, Beverage and Manufacturing Companies Collaborate with IBM and Chainyard to Simplify Supply Chain Management Using a New Blockchain Network

(NYSE: ) and Chainyard today announced Trust Your Supplier (TYS), a new blockchain network designed to improve supplier qualification, validation, onboarding and life cycle information management.

Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone are founding participants alongside IBM in the network and share a common goal of solving challenges related to supplier information management. IBM’s industry expertise and Chainyard’s product capabilities building on IBM Blockchain Platform have brought this solution to market.

Traditional methods of managing suppliers often involve cumbersome manual processes, which make it difficult to verify identities and track documents like ISO certifications, bank account information, tax certifications, and certificates of insurance throughout the lifecycle of a supplier.

By using a decentralized approach and an immutable audit trail built on blockchain, Trust Your Supplier is designed to eliminate manual time-consuming processes and help reduce the risk of fraud and errors, ultimately creating frictionless connectivity across supply chains. By 2023, blockchain will support the global movement and tracking of $2 trillion of goods and services annually, according to technology research Gartner Inc.

Renee Ure, Chief Supply Chain Officer for Lenovo’s Data Center Group, said:

“Blockchain has the ability to completely transform how companies onboard and manage their supplier network for the future. Through Trust Your Supplier, both buyers and suppliers will the see the procurement benefits of blockchain through reductions in cost, complexity and speed.”

Trust Your Supplier creates a digital passport for supplier identity on the blockchain network that allows suppliers to share information with any permissioned buyer on the network. Blockchain ensures a permissioned based data sharing network.

This should help reduce the time and cost associated with qualifying, validating and managing new suppliers while creating new business opportunities among suppliers and buyers. Third-party validators, such as Dun & Bradstreet, Ecovadis and RapidRatings provide outside verification or audit capabilities directly on the network.

The Trust Your Supplier blockchain network can also connect existing procurement business networks by relaying necessary supplier data required for exchanging Purchase Orders and invoices, without the need for suppliers to enter it in multiple different networks and automating on-boarding process to those networks.

The IBM Supply Chain Business Network can connect to Trust Your Supplier using industry programming interfaces for access to existing verified supplier information.

Sanjay Mehta, Vice President Procurement, Nokia, said:

“Working with IBM and Chainyard on this blockchain initiative represents a great opportunity for Nokia to further enhance our suppliers’ experience and optimize the onboarding process. Using the latest technology to address a classical challenge will be of benefit for everyone, and further increase the speed of using innovative solutions.”

IBM has over 18,500 suppliers around the world and will begin using the Trust Your Supplier network initially onboarding 4,000 of its own North American suppliers over the next few months. IBM Procurement projects a 70 to 80 percent reduction in the cycle time to onboard new suppliers, with a potential 50 percent reduction in administrative costs within its own business.

The Trust Your Supplier network is currently in limited availability with existing participants with plans for commercial availability later in Quarter 3 of 2019. TYS is built on the IBM Blockchain Platform hosted on the IBM Cloud.

About IBM Blockchain

IBM is recognized as the leading enterprise blockchain provider. The company’s research, technical and business experts have broken barriers in transaction processing speeds, developed the most advanced cryptography to secure transactions, and are contributing millions of lines of open source code to advance blockchain for businesses. IBM is the leader in open-source blockchain solutions built for the enterprise.

Since 2016, IBM has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications, and operates a number of networks running live and in production. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks.

IBM is an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/ or follow us on Twitter at @ibmblockchain.

Leading Tech, Telecom, Pharma, Beverage and Manufacturing Companies Collaborate with IBM and Chainyard to Simplify Supply Chain Management Using a New Blockchain Network


Source: coinspeaker
Leading Tech, Telecom, Pharma, Beverage and Manufacturing Companies Collaborate with IBM and Chainyard to Simplify Supply Chain Management Using a New Blockchain Network

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