Giant sportswear, accessories, and equipment product Nike have filed a blockchain and cryptocurrency-related patent confirmed by the United States Patent and Trademark Office. However, Nike is yet to confirm or giving any comments regarding the news where Cryptokicks trademark was created on 19th April 2019 and was listed under Nike Inc. which could indicate the beginning of new crypto venture by another American corporation.
A new agreement has been signed between technology giant company, IBM and Lenovo, a Chinese PC maker so that the blockchain technology by IBM will be implemented to the customer service process at Lenovo’s Data Center Group. In Lenovo’s recent article it explained that its blockchain solution will be based on its industry-leading ThinkSystem data center infrastructure portfolio of server, storage, networking and software products.
A tobacco company, Philip Morris has shared that they are currently working on developing a “public blockchain”. The global head of architecture and tech innovation at Philip Morris, Nitin Manoharan have shared at the London Blockchain Expo then commented, “The aspiration is an industry-wide blockchain that interested stakeholders can come in and subscribe to it and benefit from it. If they see no value they can just leave.”
A blockchain related event, Blockchain Expo Global 2019 had taken place and the main highlights of the event that is the blockchain’s relevance in provenance tracking and operational transparency.Sylvie Gleises, CEO of continental Europe for AXA ART explained, in the art industry there are cases of counterfeit artwork making its way into the market, and companies usually insure their artwork to safeguard themselves from fraud.
Production Public Company Limited (PTTEP) and Siam Commercial Bank (SCB) will make use of Ripple’s blockchain technology solution. Khun Somporn Vongvuthipornchai CEO of PTTEP said, “ This results in lower costs which reflects PTTEP’s determination to seek new approaches or methods to increase the efficiency of work relentlessly in order to maintain business competitiveness and keep up with the changes that will always happen.”
Football club Liverpool FC has rebuffed the reports about its partnership with blockchain startup Tron. The Tron CEO in his Tweet earlier hinted about its association with Liverpool, however The Liverpool spokesman said that, “We do regularly engage with lots of companies to better understand their business and we have extended an invitation to Tron — along with many others. To be clear, no discussions have taken place.”
Blockchain development organization Lightning Labs reported that it released the principal alpha adaptation of it’s Lightning Network (LN) customer for the primary bitcoin (BTC) arrange. In its released team note: “We’re working as quickly as we can to get our mainnet iOS and Android apps out soon. Scaling Bitcoin and Lightning to everyone means not requiring people to follow complex setup processes or hand over control of their funds to trusted counterparties.”
An open-source protocol, Kyber Network that works on digital asset conversion and instant exchange has announced that it going to release its first network to power on-chain token swaps. Their mission is to To make any token usable and exchangeable anywhere. The company has decided to build an interconnected liquidity network using relay bridges that will allow decentralized cross-chain swaps.
Phore which operates on vision to establish low-cost decentralized secure commercial ecosystem on global scale ans also offers B2B blockchain services has appointed Mike Trisko as its new CEO. Trisko said, “I believe Phore has the capability to make a tremendous impact on the industry. The opportunities that lie ahead for Phore as we complete our next-generation architecture, decentralized applications and deliver complete blockchain solutions are enormous.”
Ontology’s VBFT consensus algorithm introduced last year now believe that they have found way to overcome both the performance and the scalability of public chains. VBFT is a new consensus algorithm that combines PoS (Proof of Stake), VRF , and BFT. They take pride that this will disrupt blockchain technology based business and will become most mainstream public chains.