TokenSoft, a San Francisco-based blockchain firm has released a beta version of its wallet for digital assets and digital securities called Knox Wallet provides cold storage and a self-custody platform for managing multiple assets, including both cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as tokenized assets such as real estate, equity, or debt.
A well-established financial services sector company, JPMorgan have expressed its optimism towards the innovative technology of blockchain in enhancing the payment system. The head of its global research said, “ Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be 3-5 years away on trade finance.”
A collaboration has been established between SBI Holdings based and a blockchain software firm R3 with the aim to accelerate the adoption of the Corda blockchain. The newly-established joint venture will aid the provision and introduction of the Corda license and promoting the R3 and other Corda partners to overseas offices and expand their business.
IBM enters into a partnership with PNC Bank in collaboration with Aetna and Health Care Service Corporation (Insurers), a health solutions firm Anthem. The aim of this exercise is to to design a blockchain network to improve the healthcare sector allowing others to build, share and deploy solutions that drive digital transformation.
In near future blockchain technology will get mass adopted and becomes ubiquitous across various industries. Naturally this will create a strong demand for experts across the sector with good pay also the industry is expected long-term growth, job security is all but assured. LinkedIn recently reported that “blockchain engineer” was the fastest growing emerging job in the USA in 2018.
Nestle S.A has revealed that the blockchain-based IBM Food Trust initiative is currently planning to get new suppliers and consumers this year. Digital Transformation manager of Nestle, Benjamin Dubois explained, “consumer demand for more transparency and trust“ referring to their project goals by implementing blockchain technology to fulfil the expectation by the consumers.
A community project ShareMeAll is being powered by the blockchain technology which enables users to exchange or share objects, services and offer accommodation to anyone across the globe and offers eSwitch® to be used for trading purposes. The community project named ShareMeAll vision to connect the world together and promote the new age bartering.
The world’s first blockchain-powered smartphone Finney launched by Sirin Labs, have recently announced its new partnership with KoolSpan for a secure communication solution feature. The CEO of Sirin Labs, Zvika Landau explained, “We are thrilled to enter into a strategic partnership with KoolSpan, together we are protecting users from cybersecurity threat to professional and personal communications.
An initiative established by eleven banks in India, that is to introduce a blockchain-linked loan system to help the funding for small and medium enterprises has been launched. The head of fintech of Bank of Baroda, Akhil Handa explained, “A common blockchain network harmonizes the requirements and lets everyone see the flow of the trade on a single platform.”
Nasdaq bets big on blockchain by investing a substantial amount of money in the financing of Symbiont, a startup that develops enterprise blockchain solutions which successfully raised a $20m in series B funding round and also pushed for crypto adoption. Aims to use it to promote the growth of Assembly, a blockchain platform created by the company.