The senior blockchain executive of FedEx, Dale Chrystie has expressed its opinion regarding the potential of blockchain technology in ruling the new business. However, the multinational courier delivery services company is still implementing the traditional methods for its shipping process and operations as they have admitted that none of the collaboration with blockchain technology has reached an effective stage.
3 more pilot banks have been signed by Finastra to Fusion LenderComm, a DLT platform for the syndicated loan market developed in collaboration with R3. The global head of corporate banking operations at BNP Paribas, Philippe Boulas commented, “With the creation of this community and a collaborative mindset we have a unique opportunity to tackle the operational pain points we have all been experiencing for years and that constrain syndicated loan market expansion.”
A report shared by the Australian Securities Exchange (ASX) has confirmed regarding the launching of the Customer Development Environment (CDE) for distributed ledger technology (DLT) testing. The developers then detailed, “Once connected, users can design, build and test system changes, access some of the new business functionality, and compare various access options.”
LMAX Digital (a cryptocurrency exchange) has received the ‘in principle’ authorization from Gibraltar’s financial services watchdog to operate as a Distributed Ledger Technology (DLT) provider. LMAX Exchange CEO David Mercer said: “We believe regulatory input is essential for the growth of the cryptocurrency market. LMAX Exchange Group has always supported regulatory oversight.”
A securities marketplace Deutsche Boerse along with Commerzbank jointly completed the blockchain pilot for a legally binding repo transaction (short-term borrowing). Michael F. Spitz, CEO of Commerzbank’s R&D unit said “In past pilots we have focused on new issue projects; for the first time we’re able to convert existing securities into digital tokens.”
The Denmark based electricity and natural gas transmission system operator, Energinet has entered into a partnership with IOTA Foundation to test distributed ledger technology (DLT) in the Internet of Things (IoT) and energy market domains. They will be creating new products and services in the green energy system centered on using IoT devices with IOTA blockchain in back.
A formal request has been issued by the Bank of Israel where they have requested to receive for information regarding Distributed Ledger Technology (DLT). The goal of the request described as, “Regulatory Coordination of Virtual Assets, the regulators of the Israeli financial system believe that there is room to renew and strengthen cooperation and coordination among all regulators and public”
Covesting, a crypto exchange, has received a distributed ledger technology license in Gibraltar. The exchange enables users to study and analyze the market performance. The DLT license was issued by the Gibraltar Financial Services Commission (GFSC). The founder and CEO of the company believe it as a ‘huge milestone’ for the company and the community.
UPS has submitted a patent application with the USPTO, titled ‘Autonomous services selection system and distributed transportation databases’ reveal the interest of the company to integrate blockchain for storing transportation and shipment details in a DLT network. However, the UPS proposes more than one distributed ledger to track various shipment orders.
Google has associated with Digital Assets and BlockApps to provide DLT solutions on its Cloud Platform. The Digital Assets is the supplier of distributed ledger software and BlockApps provides blockchain platform for the launch of decentralized apps (dApps). The Google has already mentioned that the users would be able to test open-source integrations for Ethereum Protocols and Hyperledger Fabric.