Latest Enterprise News

  • Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business
    Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business
    Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry.
  • Smart Vending Machine Maker Popcom Crowdfunds $1.3M
    Smart Vending Machine Maker Popcom Crowdfunds $1.3M
    Smart vending machine maker Popcom raises $1.3 million through Regulated CF security token offerings. Smart vending start-up Popcom raised millions to bring more of their vending machines as the demand for more contact-less retail solutions rises. Popcom, led by Dawn Dickson and one of the few Black women-owned blockchain companies, crowdfunded $1.3 million in its latest funding round, according to Black Enterprise.
  • Chinese Supply Chain Innovator to Develop Blockchain System for SMEs
    Chinese Supply Chain Innovator to Develop Blockchain System for SMEs
    The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country.
  • Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
    Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
    Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances.
  • Blockchain Service Bison Trails Announces Support for Ethereum 2.0
    Blockchain Service Bison Trails Announces Support for Ethereum 2.0
    Libra Association member Bison Trails looks forward to moving from the Proof-of-Work consensus mechanism to Proof-of-Stake, launching Eth2 support. Blockchain infrastructure-as-a-service company, Bison Trails, has announced support for Ethereum 2.0 — an upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake. Bison Trails offers a suite of enterprise products that allow users to interact with the Beacon Chain, stake Ether (ETH), and automatically manage validators, validator clients, and beacon nodes. Importance of adopting Eth2 Joe Lallouz, CEO of Bison Trails told Cointelegraph about the importance of adopting Eth2 within the crypto industry and which benefits could bring like new scalability options for the protocol: “The transition to Eth2 is incredibly important for the crypto ecosystem because it allows one of the most important and most adopted blockchains—with millions of users and tens of thousands of dApps—to introduce new scalability options for the protocol and that’s a big deal.” Lallouz mentions that a fully-featured Participation Cluster product is included, which allows their customers to manage their Beacon Chain and validators from within the Bison Trails platform. Bison Trails’ CEO said the network will reward validators early, with a reward rate of 23% on ETH, representing “a significantly higher potential return than most alternative uses of ETH.” He added: “Because stake and rewards are locked up for several years on Eth2, choosing an infrastructure provider you trust is an important consideration.
  • Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain
    Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain
    Alibaba subsidiary Ant Group CEO Simon Hu accelerating Alipay’s progression into an online mall for commerce, food, travel services to rival Tencent Holdings Ltd.
  • Transnational Cybercrime Group Co-Founder Who Amassed $568M Pleads Guilty
    Transnational Cybercrime Group Co-Founder Who Amassed $568M Pleads Guilty
    The co-founder of the Infraud Organization pleaded guilty to racketeering charges before a US District Court in the District of Nevada. A Russian national behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million. According to the announcement made by the US Department of Justice, or DOJ, 33-year-old Sergey Medvedev, also known under the pseudonyms “Stells,” “segmed,” and “serjbear,” claimed responsibility for his role in the organization created in October 2010 by a Ukraine national, Svyatoslav Bondarenko. Medvedev pleaded guilty before US District Court Judge James C.
  • Hedera Expands Reach With BRD Wallet Addition
    Hedera Expands Reach With BRD Wallet Addition
    BRD has added Hedera's HBAR coin to its digital asset wallet, in addition to the project's Blockset integration.
  • KPMG Launches Patent Pending Crypto Analytics Suite KPMG Chain Fusion for Institutions
    KPMG Launches Patent Pending Crypto Analytics Suite KPMG Chain Fusion for Institutions
    KPMG has announced its launch of KPMG Chain Fusion, its patent-pending crypto analytics platform to streamline crypto-related services for financial services and FinTech companies.
  • Chinese Tech Giant Tencent Files New Slew of Blockchain Patents
    Chinese Tech Giant Tencent Files New Slew of Blockchain Patents
    Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions. Tencent has been expanding its research into blockchain, with the firm registering a series of patents detailing distributed ledger technology (DLT)-based solutions for fund management, and advertising. Chinese media outlet Egsea reported the patents on June 18, noting that the filings also included blockchain-based consumer applications, hardware devices, and media storage systems. The recent filings come as blockchain sees increasing enterprise adoption in the areas of cloud, artificial intelligence and internet-of-things (IoT). Tencent continues amassing DLT patents The new filings will extend Tencent’s presumed dominance in the number of blockchain patents held. In April, media outlet China Banking News reported that Tencent had amassed more patents in 2019 than any other firm, having filed for 718 during last year alone.  With the report estimating that 5,800 patents for blockchain technologies were filed in 2019, Tencent represents 12.4% of all patents filed last year. Tencent invests heavily in blockchain In May, Tencent announced that it plans to invest $70 billion into emerging technologies over the next five years, with blockchain named alongside cloud computing, artificial intelligence and IoT as prioritized sectors. The following week saw Tencent announce its intent to establish a 100-member blockchain alliance by the end of 2020.
  • EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings
    EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings
    Ernst and Young (EY) is launching a crypto Software as a Service (SaaS) to offer step-by-step guidance that assists with US cryptocurrency tax filings.
  • Ubisoft Launches Blockchain-Based Collectibles in Support for UNICEF
    Ubisoft Launches Blockchain-Based Collectibles in Support for UNICEF
    Ubisoft, the French-based video gaming company has launched blockchain-based collectibles in a bid to raise funds for UNICEF.
  • Unilever to Use Blockchain for Transparency and Traceability to Achieve Deforestation-Free Supply Chain by 2023
    Unilever to Use Blockchain for Transparency and Traceability to Achieve Deforestation-Free Supply Chain by 2023
    Unilever, the consumer goods company that owns brands such as Ben and Jerry’s, Dove, Vaseline, Knorr, and other well-known brands, has announced that it will be leveraging blockchain to tackle deforestation.
  • Waves Wants to Put an End to Bogus Blockchain Speed Claims
    Waves Wants to Put an End to Bogus Blockchain Speed Claims
    Waves Enterprise wants to ‘separate the chaff from the wheat’ when it comes to speed claims from blockchain networks, helping potential users make educated decisions. Waves Enterprise has created a framework for load testing of blockchain networks under real-life scenarios in order to provide greater transparency for potential clients. Original sin Transactional capacity or lack thereof has been a hotly contested discussion in the industry almost from the beginning.
  • Leading Middle East Telecoms Firm Zain Joins Hedera Governing Council
    Leading Middle East Telecoms Firm Zain Joins Hedera Governing Council
    Major telecoms provider Zain has joined the governing council for distributed ledger platform Hedera Hashgraph. Zain Group — a leading telecoms provider in the Middle East and North Africa (MENA) region — has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph. Zain provides mobile voice and data services to over 49.5 million active customers and has a commercial presence in eight countries in the MENA region — including Kuwait, Bahrain, Iraq, Jordan and Saudi Arabia.