A list of “Blockchain’s Billion Dollar Babies,” or companies implementing blockchain technology has been released by the financial news outlet, Forbes. The companies listed have minimum revenues of $1 billion and numerous of companies are listed to be adopting the innovative technology such as Amazon, Walmart, Facebook, ING, Mastercard, Microsoft are inter alia.
West Virginia has officially become the first U.S state to have implemented innovative technology of mobile blockchain during is the midterm election. The U.S state has then confirmed that they will be using the same mobile technology for the presidential election voting to be held in the year 2020 as an effort in increasing the number of overseas voters including the military personnel and the civilian expats.
GiGA Chain a blockchain that uses the 5G technology has been launched by KT to strengthen the cybersecurity. Lee Dong-myeon, president of future platform business group at KT said, “In the 5G era, a large number of IoT devices are expected to be used and many of them are likely to be more vulnerable to cyberattacks. So we decided to come up with high assurance cybersecurity measures using our blockchain technology,”
A Hong Kong based insurer Blue Cross has adopted blockchain to provide solution to ensure insurance claims are fraud free and fastens the process. William Yeung, co-founder of MediConCen (blockchain-based medical app) commented, “The efficiency and convenience of blockchain also means that more doctors, Chinese medicine practitioners and chiropractors who do not employ a lot of support staff for administrative work, could be attracted to the Blue Cross doctor network,”
A new EOS user agreement document replaces the much-criticised EOS interim constitution, was signed by 21 of the network’s 30 Block Producers. This makes Block Producers is still hold a dominant position network governance. This could lead some to worry because since it wields a unanimous position in decision making, may create a cartel and stuff the market.
R3 (an enterprise software and blockchain company) joins hand with The China Academy of Information and Communications Technology (CAICT) to create apps and solutions on Corda blockchain platform. Kai Wei, Director of Big data and Blockchain at CAICT said, “I’m very happy to witness the cooperation between CAICT and R3 for the establishment of a cooperative partnership,”
A two-day conference which spotlights on maturing crypto community, investors and founders of blockchain startups at Berlin, Germany during June 14-15, 2019. Oskar Giese, UNCHAIN Convention founder said, “Our main goal is to bring on business innovations between crypto entrepreneurs, investors and traditional economy leaders from all over the globe-by discussing and exploring the full potential of a decentralized economy,”
A messaging app company, Telegram has successfully completed the beta test of its Blockchain Network. The blockchain called Telegram Open Network (TON) has been developed, they claim that he TON blockchain has displayed a significantly high transaction speed. Announced that it will be launched by the end of October 31, 2019.
An initiative have been introduced by the Swiss food and drink multinational Nestlé and French hypermarket chain Carrefour in enhancing the transparency in the food sector using blockchain. Global head supply chain at Nestlé, Vineet Khanna commented, “We are using this technology to bring more transparency to our products by providing accurate, trusted and impartial information.”
The Finance Minister of France, Bruno Le Maire has recently spoken at the Paris Blockchain Conference that the country investment to the innovative technology will be around 4.5 billion EUR in the coming years. In an interview with TrustNodes, the country’s finance minister have confirmed that they have identified more than 200 innovative blockchain projects developed in France.