Blockchain technology just took another step further outside the financial world. While blockchain use has been inching into commercial use through the likes of IBM and Microsoft, European municipalities have taken note and are getting in on the distributed ledger technology action. Through a three-year...
A recent patent filing in the United States Patent and Trademark Office (USPTO) reveals Walmart is working on a delivery drone service powered by blockchain technology. The retail giant will join Amazon, Domino’s and Mercedes-Benz in pioneering the nascent niche. Titled “Unmanned aerial delivery to...
Some could argue that over the past few decades, financial services has completely transformed itself. From relying on physically walking into a bank to withdraw cash to snapping a photo of a check for deposits, technology has played a great part in the way financial...
Over the past year, there have been many discussions about how blockchain technology could revolutionize certain aspects of the music industry. While some are looking to move full force with it, others are skeptical and await more testing. As recently as this April, music streaming giant...
While the blockchain technology makes its way into different industries outside of the finance arena, one vertical that’s ready to take it on is the automotive world. With the combination of big data in the auto market set to reach $4 billion by 2020 and...
The world of blockchain technology has certainly seen some major changes over the course of the past decade. Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin...
Although it’s still in its infancy stage of being used outside of the financial arena, blockchain technology is slowly showing signs of impacting other industries. On the tip of everyone’s tongue in the digital advertising arena is blockchain technology. Just as recent as this January,...
R3 — the big blockchain consortium led by startup R3 CEV — has lost the backing of another big banking name: JP Morgan Chase & Co. R3 is currently looking for $150 million from its members and strategic investors in return for a 60 percent stake...
Blockchain-based payments and global financial settlement solution provider Ripple just recently announced the addition of 10 new financial institutions, including banks and other payment service providers, to its global payments network. The FIs will leverage Ripple’s network as a means to address the problems of...
