On The Web

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Tech

Wall Street Finds Blockchain Hard to Tame After Early Euphoria

July 17 2019

• in
• Blockchain

“But a review of 33 projects involving large companies announced over the past four years and interviews with more than a dozen executives involved with them show the technology has yet to deliver on its promise. At least a dozen of these projects, which involve major banks, exchanges and technology firms, have not gone beyond […]

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Tech

Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System

July 15 2019

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• Blockchain

“The patent, according to the report, could usher in cardless credit transactions that would see users of the system make payments using apps on mobile devices. In such a development, the invention would disrupt the traditional card system based on three intermediaries: the credit card company, a value-added network (VAN) service provider and a payment gateway.”

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Tech

Polish Bank Alior Uses Public Ethereum Blockchain For New Document Authentication Feature

June 21 2019

• in
• Blockchain

“Several U.S. banks and global financial institutions have dipped their toes into the blockchain world this year by implementing systems on permissioned ledgers that only invited members can join. Now, one of Poland’s 10 largest banks is taking it a step further. Warsaw-based Alior announced that it is beginning to offer a feature that will […]

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Tech

Mastercard Is Building a Team to Develop Crypto, Wallet Projects

August 5 2019

• in
• Blockchain

“Payments giant Mastercard is seeking to hire a number of blockchain professionals, including several senior roles, in an apparent effort to develop cryptocurrency and wallet products. According to the company’s career website , Mastercard is looking for a senior blockchain engineer and engineering lead , director for product development and innovation , vice president for […]

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Tech

Mastercard to Tackle Fashion Fakes With Blockchain Tracking Solution

August 7 2019

• in
• Blockchain

“Mastercard is to demo a new blockchain-based product tracking solution during an upcoming showcase of women fashion designers. The payments giant announced on Friday that it will support “limited-edition collaborations” highlighting female designers and artists in partnership with Fred Segal Sunset and MADE.”

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Deals

Telefonica, Deutsche Telekom, Others Put $13M Into Blockchain Startup Clear | Light Reading

February 6 2020

• in
• Blockchain

“Telefónica and Deutsche Telekom are among the investors that participated in a $13 million Series A round of venture funding into Israel-based startup Clear, which is working to apply blockchain technology to the global telecom industry. The company’s goal is to use blockchain to eliminate, or at least reduce, the expenses surrounding financial interactions between […]

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Tech

Santander & Other Spanish Banks Test Blockchain Payments + More News

December 20 2019

• in
• Blockchain

“A number of major Spanish banks including Santander and BBVA are testing blockchain-powered payment solutions, with a view to developing banking applications. Per media outlet Noticas Bancarias, the banks are testing the inter-bank Smart Payments platform in conjunction with Iberpay and Grant Thornton. The group of banks, which also comprises CaixaBank and Banco Sabadell, is keen to test the platform’s efficiency, traceability, integrity and compliance […]

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Tech

Chinese Banking Giant CCB Expands Blockchain Platform As Volume Breaks $53 Billion

October 14 2019

• in
• Blockchain

“China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as trading volume surpasses $53 billion. Speaking in Beijing at the official launch of the upgraded platform BCTrade2.0, CCB vice president Ji Zhihong said the new platform will leverage blockchain […]

On The Wires

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Tech

Commerzbank tests blockchain-based machine-to-machine payment solution for the first time

August 8 2019

• in
• Blockchain

“Working together with its research and development unit main incubator, Commerzbank is the first German bank to develop a blockchain-based payment solution for machine-to-machine (M2M) payments. A fully automated payment process between an electric charging point and a Daimler truck system has taken place. For this transaction, Commerzbank issued Euros on a blockchain and provided […]

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Global

OneConnect Partners With UnionBank’s Fintech Subsidiary UBX to Co-create Philippines’ First Blockchain-enabled Platform for MSMEs

July 22 2019

• in
• Blockchain
• Phillippines

“OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, has partnered with UBX Philippines Corporation, the wholly-owned fintech subsidiary of Union Bank of the Philippines (UnionBank), to build the country’s first blockchain-enabled platform to meet the banking needs of micro, small and medium enterprises (MSMEs). The partnership underpins both […]