RIP ICOs: 2019 Will Be the Year of Enterprise Blockchain Tokens

Ajit Tripathi is a partner at ConsenSys, where he specializes in global financial services business development, corporate venturing and strategy. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  One year ago, I wrote an article for CoinDesk in which I humbly argued that the price of ether didn’t matter and what everyone in…

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Ethereum Developer ConsenSys Partners With AMD To Bolster Blockchain Industry

Although the crypto market has stagnated, the startups driving the blockchain boat have continued to forge ahead with their efforts. Reports indicate that ConsenSys, a key participant in the nascent Ethereum ecosystem, has partnered with a leading American multinational semiconductor conglomerate to produce blockchain-friendly hardware and software.AMD And Blockchain Group ConsenSys Join HandsOn Friday, ConsenSys,…

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Blockchain Travel Service to Offer Hotels 20 Percent Cheaper Than on Booking.com or AirBnb

The Europe-based company LockTrip wants to put the accommodation industry on the blockchain by creating “the first functional blockchain-based travel service.” The team says it already offers 100,000 hotels and more than 1,500 vacation rentals all over the world, with an average discount of almost 20 percent when compared to other booking sites — and…

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ConsenSys and AMD to Jointly Develop Blockchain-Based Cloud Computing Infrastructure

Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are jointly working on a blockchain-based cloud computing infrastructure. ConsenSys announced the collaboration in a press release published on Jan. 4. Per the release, the companies have partnered to create the so called W3BCLOUD aimed at the development of AMD hardware-based…

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Blockchain Project Aims to Reform Traditional Lottery in Nigeria

On Dec. 13, Quanta Plc., owner of Quanta Technology Limited, a blockchain lottery operator, announced it had signed contracts to acquire a stake in International Lottery and Gaming Limited (ILGL). As Quanta reports, this is ”the world’s first deal to reform traditional lottery.” The companies say that Quanta’s blockchain-based lottery technology will help increase the…

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China Banking Body to Develop Multi-Use Blockchain Platform With Major Banks

China’s self-regulatory bank organization the China Banking Association (CBA) will launch a blockchain-based platform to improve efficiency across the sector, participants confirmed in a statement Dec. 29. The project, formally dubbed the ‘China Trade Finance Inter-bank Trading Blockchain Platform,’ aims to use blockchain to target trade finance, transactions and other financial services. Multiple guinea pigs…

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Thai National Tech Development Center to Introduce Blockchain in Voting

The National Electronics and Computer Technology Center (NECTEC) of Thailand has developed blockchain technology for e-voting, the Bangkok Post reports on Jan. 2. NECTEC is a statutory government organization that operates under the purview of the National Science and Technology Development Agency and the Ministry of Science and Technology. The organization chiefly promotes the development…

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Too Soon for Blockchain Benefits in 2019, Says UPS Executive

Senior executives at United Airlines (UA) and logistics giant UPS think 2019 will not be the year blockchain goes mainstream, the Wall Street Journal reported on Dec. 28. Speaking to the publication, UPS chief engineering and information officer Juan Perez and UA’s executive vice president of technology and chief digital officer Linda Jojo remained level-headed…

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US Defense Dept. Wants to Use Blockchain to Improve Disaster Relief

Blockchain could make its way into disaster relief operations from the United States Department of Defense, the organization revealed in a press release Dec. 21. During a presentation hosted by the Defense Logistics Agency Troop Support’s Continuous Process Improvement (CPI) office in Philadelphia earlier this month, officials reviewed how blockchain technology could help emergencies responses.…

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Corporate Blockchain Adoption Reaches 44%, Says Survey

Indian telecoms giant Tata Communications named the key barriers to blockchain adoption for businesses globally, in a survey published Dec. 12. Part of a survey on emerging sectors — dubbed ‘The Cycle of Progress’ — Tata’s report noted concerns around costs, security and privacy as the “key adoption barriers for business decision makers” considering the…

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