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David Marcus, the head of Calibra at Facebook, has set forth arguments in favor of blockchain-based payment networks.In a Sept. 25 blog post, Marcus pointed out shortcomings of existing payment systems such as regional and international networks, including SWIFT and RT1, central banks and others. Marcus began by noting
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Leading insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform.Per a Sept. 24 press release, the Risk Exchange platform aims to ensure a more transparent and secure digital placement and enables users to receive real-time information and feedback on the placement and binding process.Insurance
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Vakt, a blockchain-based post-trade platform for commodities, has signed a memorandum of understanding with essDOCS, a firm that develops paperless trade solutions, to put European shipping on the blockchain.As markets and technology-focused outlet Benzinga reported on Sept. 20, Vakt and essDOCS will work on a blockchain-based solution that will
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Leading communications and technology company Verizon has been awarded a patent for using virtual subscriber identity modules (vSIMs) for customers’ devices.A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a
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Tech startup Nebula Genomics is launching DNA sequencing using blockchain, which eliminates the need for customers to reveal personal information.Per a blog post published on Sept. 19, Nebula has rolled out anonymous genetic testing, enabling clients to purchase whole-genome sequencing and provide their saliva samples without the need to
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Mastercard, one of the world’s leading payment processors, and the leading enterprise blockchain software provider R3, announced they would jointly develop a new blockchain-powered cross-border payment solution.The newly developed blockchain system will also be supported by banks to conduct seamless transactions and real-time payment proposition.Mastercard has been exploring blockchain technology
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Open source blockchain platform Waves and blockchain game distribution platform The Abyss will jointly launch a blockchain-based marketplace of digital goods and in-game items.In a blog post published on Sept. 5, The Abyss revealed its collaboration with the Waves Platform, aimed at the development of a blockchain-powered marketplace of
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Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information.Parking space data for digital currencyForbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider
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Switzerland’s largest supermarket chain and retailer, Migros is turning to blockchain to keep tabs on its supply chain for food.Migros announced the implementation of TE-Food’s blockchain-based food traceability system, Aug. 29. Whilst many retailers are incorporating such systems to provide transparent information to customers, Migros is looking to the
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Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019.Platform overviewBitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) —
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