With the emergence of blockchain technology, innovation seems far from over, and as new processes and systems emerge, entrepreneurs should be looking for market pain points in need of innovative solutions.Of all the industries that can benefit from blockchain solutions, three stand out.Transparency and traceability in supply chain managementTraceability, transparency and authenticity are...
Microsoft’s New Ethereum Blockchain Product Gets Rid of Mining
Software giant Microsoft has debuted a new Blockchain as a Service (BaaS) product that allows businesses across industry verticals to deploy a flexible instance of Ethereum tailored specifically for enterprise environments.Announced on Tuesday, Ethereum Proof-of-Authority on Azure allows enterprises to build applications on an Ethereum blockchain that is not secured by a Proof-of-Work (PoW)...
WHEN SMART CONTRACTS ACT STUPID: IS YOUR ICO SMART CONTRACT SAFE & SECURE?
The potential inherent in smart contracts is immense. The nascent technology may be used for identity verification, secure data sharing, and for the management of tokens and raised funds in an initial coin offering/token sale – but just how clever are your smart contracts?The Ethereum network boasts more than 1500...
FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution
The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6.The FedEx Institute of Technology is an organization that serves as a promoter of interdisciplinary research in emerging technologies that operates in...
IBM Secures $1 Billion Australian Dollar Blockchain Deal
The Australian government has chosen IBM as its central technology partner for the next five years in a deal worth $740 million dollars. The agreement will cover technology services provided to government departments, including services which will use IBM’s automation and blockchain technologies. Technology’s Youth Key to the ProjectIBM will provide...