A payment platform Wirex will be launching 26 stablecoins on the stellar blockchain network. The announcement on launching the stablecoins was made on Thursday with the confirmation that the stablecoins will be backed by a variety of fiat currencies such as U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar.
A well-established insurance broker and risk adviser Marsh is set to launch a proof of insurance blockchain platform to the commercial clients in the US. The president of Marsh, Martin South explained, “By vastly simplifying the process of obtaining certificates, we will enable clients to spend more time focused on the things that matter such as growing their business.”
Samsung has shared that they’re ready in launching its own blockchain mainnet which is powered by the Ethereum blockchain. The launching of the new blockchain ecosystem might indicate that they have possibilities in launching their own cryptocurrency. A source explained to CoinDesk “It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”
A collaboration has been established between SAP Cloud Platform Blockchain service and Naturipe Farm with the aim of using blockchain technology in tracking Naturipe’s blueberries. The senior director of SAP Agribusiness, Eric Somitsch has explained, “Blockchain helps SAP customers track and trace goods across their entire supply chain by using SAP’s cloud platform blockchain services.”
A local press has reported that the Thai subsidiary of Japan-based NTT Group, the NTT Communications Thailand is set to establish an “innovation lab” soon. The president of NTT Communications Thailand, Manabu Kahara explained, “Despite the uncertainty surrounding the formation of a new government, technology investment will continue in line with the Thailand 4.0 objective and EEC megaprojects.”
One of the largest bank in terms of total assets in Japan, the Sumitomo Mitsui Banking Corporation (SMBC) will be launching blockchain-powered trade finance services. The managing director of Marco Polo, Danie Cotti explained, “Today, we have the resources and technology to transform the way banks serve their trade finance customers and enable easier access to credit while minimizing risk and increasing transparency.”
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.
Twitter user, CobraBitcoin, Co-owner of Bitcoin.org and Bitcointalk.org, shed some light on this issue by talking about increasing the block size of Bitcoin to support Lightning function. The conflict over increased block size mainly revolves around the security part of Bitcoin, and an increased block size could lead to major security concerns. Bitcoin enthusiasts also brought up the risks associated with increased block size such as censorship.
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.”