A collaboration made between Insurance companies State Farm and USAA on a project to pilot blockchain technology to enhance the speed of auto claims subrogation process. Innovation Executive of State Farm, Mike Fields explain, “In 2018 alone, the total amount of dollars demanded and issued through the subrogation process was over $9.6 billion for all insurance carriers. You can imagine the time and resources required to complete these transactions.”
A video game platform, Hoard and Golem Network are in collaboration with a target to increase the efficiency for the game developers who deal with megabytes of code. Apart from that, Golem network reported to allow subnetwork management from a single web channel where users can see the total capacity they can claim and detailed information about the node.
An initiative to support the Association for Abandoned Animals (AAA), a non-governmental organisation (NGO) based in Malta has been made by OKEx along with Moira Delia, a actress, and animal activist. The Head of Operations of OKEx, Andy Cheung explained, “We have a great passion for animals and we believe they are a vital part of society that human beings rely heavily on, mentally and physically.”
The rumour regarding the Chery Jaguar Land Rover might adopt blockchain technology by VeChain (VET) soon spreading right of the announcement of IOTA – Jaguar Land Rover Partnership was made to develop a cryptocurrency. The president of the joint venture, Murray Dietsch have explained in a statement that, “Over the past five years, we have been striving for excellence through the latest technologies and products.”
Dublin City University has joined hands with tech company network Technology Ireland ICT Skillnet with an aim to bring out master degree on blockchain. The inauguration of the new master program occurred during Blockchain Ireland week, a governmental campaign to raise awareness and support for the blockchain industry in Ireland. The course will be online 2-year part-time course.
Deloitte (a major accounting firm) has partnered with the Institute of Banking (IoB), Bank of Ireland, AIB and Ulster Bank with vision to develop a blockchain solution to verifies staff credentials using EMEA Blockchain Lab (Ethereum based). David Dalton, EMEA lead commented, “This is a great application of blockchain technology to a vital area of banking. We are delighted to support this project and look forward to the results that this initiative will deliver.”
Many US lawmaker are worried that USA is lagging in blockchain and crypto promotion and its regulation. Two representatives from Indiana and Florida have written letter to Larry Kudlow (director of the National Economic Council). Hollingsworth, Member of the House stated, “Innovation is part of this country’s DNA and our efforts to further develop blockchain technology can help our country remain a leader in invention and modernization.”
The President of the central bank of Germany (Bundesbank) has shared his view on blockchain and it appears he isn’t that impressed by the innovative technology. Weidman said, “For one, we’re not convinced blockchain can ever be successfully delinked from a coupon or token pay-off component without compromising the security of the system…blockchain is always going to be more expensive than a central clearer,”
A Russian city, Nizhny Novgorod has revealed that it has been trialing blockchain application for public administration task. Gleb Nikitin, Governor of the Nizhny Novgorod Region said, “The blockchain technology will allow us to ensure maximum transparency and honesty in relations between a person and the state. This is an opportunity to build equal relations, when a citizen sees his contribution to the overall development, and he has the opportunity to ask more strictly from the state.”
The Block.one has announced that it has launched EOSIO Reference Authenticator Apps for iOS and Chrome, which will allow users to sign in and approve transactions from web applications running. From its blogpost: “The EOSIO Reference Chrome Extension Authenticator is an implementation that allows users to sign in and approve transactions from web applications running in Google Chrome on desktop.”