Category: Blockchain

European wholesale energy market to try blockchain

23 European wholesale energy trading firms – including EDF, ENEL, EON, Iberdrola, RWE, Total and Vattenfall – will test peer-to-peer trading in the wholesale energy market based on blockchain technology. Trading will take place on an enhanced Enerchain framework. This is blockchain-based application developed by PONTON already used to execute the first European energy blockchain…

e-Residency: meet e-Banking

The world’s first e-Residency programme in Estonia is partnering with Finnish fintech company Holvi to launch borderless digital banking. The partnership eliminates the need for e-residents to travel to Estonia in order to access business banking. “Business banking is radically transforming for almost everyone on Earth and this can help unlock global growth by democratising…

Spanish bank consortium chases ‘the blockchain’

Cecabank and Grant Thornton are establishing a Blockchain Banking Consortium in Spain. El Pais claims the new group includes Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja. It is seeking to lay the groundwork for their use of blockchain in the financial sector. Jaime Manzano, Head of Reporting, Operational Management and Banking Training Services at Cecabank,…

Reimagining business networks with blockchains

The blockchain promise rolls on. The vision expands. Now blockchains will enable enterprises to reimagine their business networks, from financial markets to supply chains. According to Arvind Krishna (senior vice president, Hybrid Cloud and director, IBM Research), blockchains will do for transactions what the Internet did for information. For example, in capital markets, use of…

Integrating digital IDs via blockchains

A digital identity service that makes blockchains safe for a broad range of business and personal use cases and meets national and international legal standards? Sounds too good to be true? Netki now offers a service to: automate onboarding and validation of new customers share of digital identities close the compliance gap which limits innovation…

Citi and Nasdaq partner in blockchain payments initiative

Two major financial institutions – Citibank and Nasdaq, the stock exchange – wish to tackle liquidity issues in the private securities market. To do this they are leveraging blockchain technology from start-up Chain. According to the firms, a number of successful transactions have already been completed between Citi’s CitiConnect and Nasdaq’s Linq Platform. Adam Ludwin,…

Blockchain integration: projects, platforms and exchanges

Integrating blockchain projects, platforms and exchanges matter if digital currencies are to generate and keep broad appeal. The announcement by Decentral of its Jaxx product introduces a user-controlled, multi-asset, multi-platform digital currency wallet and exchange with support for 70+ partners and integrations. “We are bringing together all facets of the blockchain ecosystem with Jaxx to provide…

Cognitive Procurement reaches across supply chains

Cognitive Procurement is the fancy name given by IBM and SAP Ariba as they form a global strategic alliance. This aims to redefine the sourcing-to-settlement cycle. Leveraging SAP Leonardo, IBM Watson technologies and SAP Ariba, the joint solutions bring together intelligence derived from procurement data with predictive insights obtained from unstructured information. The objective is…

IBM delivers blockchain solution to Santiago Stock Exchange

IBM is providing the technology to allow Chile’s Santiago Stock Exchange to become the first stock market in Latin America to introduce blockchain. The solution will be used to manage securities lending in the short selling system. Short selling is where a company or individual “borrows” shares to sell while hoping to buy them back…

C-Suite execs warm to blockchain investment

In a survey of 3,000 executives conducted by the IBM Institute for Business Value (IBV) about their blockchain intentions, one-third are or intend to use blockchain in their business. Eight in ten of those invest to: respond to financial pressures in their industry develop entirely new business models. The study bases its findings on interviews…