Microsoft Corporation is an American multinational corporation headquartered in Redmond, Washington, that develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services. Its best known software products are the Microsoft Windows line of operating systems, Microsoft Office office suite, and Internet Explorer web browser. Its flagship hardware products are the Xbox game consoles and the Microsoft Surface tablet lineup. It is the world's largest software maker measured by revenues. It is also one of the world's most valuable companies.Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows. The company's 1986 initial public offering, and subsequent rise in its share price, created three billionaires and an estimated 12,000 millionaires from Microsoft employees. Since the 1990s, it has increasingly diversified from the operating system market and has made a number of corporate acquisitions. In May 2011, Microsoft acquired Skype Technologies for $8.5 billion in its largest acquisition to date.As of 2013, Microsoft is market dominant in both the IBM PC-compatible operating system and office software suite markets . The company also produces a wide range of other software for desktops and servers, and is active in areas including Internet search , the video game industry , the digital services market , and mobile phones . In June 2012, Microsoft entered the personal computer production market for the first time, with the launch of the Microsoft Surface, a line of tablet computers.With the acquisition of Nokia's devices and services division to form Microsoft Mobile Oy, the company re-entered the smartphone hardware market, after its previous attempt, Microsoft Kin, which resulted from their acquisition of Danger Inc. Wikipedia.
News Article | May 2, 2017
The 2017 study has 678 pages, 240 tables and figures. Worldwide Internet of Things (IoT) markets are poised to achieve significant growth with the use of sensors, cameras, and platforms that are used to help implement precision digital control and send alerts for all manner or management of devices and machinery. Visualization and digitization let people better control any device or mechanical thing. Providers of Industrial IoT aim to implement asset efficiency solutions. Designing the asset efficiency solution, developing the application, adapting advanced engineering knowledge for the use cases, and supplying the information platform is the composite task of the analytics engine. IBM is a premier supplier of an analytics engine with its Watson product. There is enormous variety in the Internet of things markets. Bosch supplies industrial IoT sensor technology, acquiring data from the edge, providing device management. Scalability is achieved by the Bosch IoT Suite and ProSyst IoT middleware. The Vorto code generator enables M2M modelling. PTC supplies the Thingworx Application Enablement Platform (AEP), used for creating dashboards, widgets and other user interface elements. Intel provides the Moon Island Gateway used for data aggregation at the edge, as well as horizontal infrastructure in collaboration with HP. Hitachi analytics is used to diagnose manufacturing process. Hitachi uses its analytics platform to integrate production and sensor data outputs to help visualize, analyze and diagnose a manufacture polymer mixing problems. A polymer mixing process was said to be producing inconsistent output quality, with yields dipping to 50%. Hitachi addressed the scrapping of poor batches and huge costs by addressing ever-changing product specifications and variations in a range of production parameters. Using IoT and the analytics platform, production engineers were able to stabilize the process even as new product formulations were introduced. The Internet of Things (IoT) is the next Industrial Revolution. It will impact the way all businesses, governments, and consumers interact with the physical world. 1 Gbps and 10 Gbps speed has been used in data centers for years. The jump to 40 Gbps and 100 Gbps has come rapidly as a result of the need to increase the quantity of data managed inside the data center with more analytics and more applications. Many of the Cloud 2.0 mega data centers have moved to 100 Gbps, presaging the move to 400 Gbps. One reason for the increase in speed is the growth of data consumption, attributed to smartphones, social media, video streaming, Internet of Things (IoT), and big data. Big pipes are used to cope with the huge quantities of data that are being transferred. Users, partners, suppliers and other mega-datacenters communicate using digital systems that are automated and self-healing. The effect on the business is compelling, managers have much more responsibility to create maps of strategy and work with IT to see that developers tune the software to fit the current competitive environment. The explosion of data comes from smart phone apps and IoT digital onslaught of streaming data that needs to be processed in real time to look for anomalies, look for change, set alerts, and provide automated response to shifts. “Transparency is one of the benefits of IoT that sensors bring to digital controls. The benefits of digital manufacturing, farming, and automotive vehicles are higher productivity and more efficient use of resource. Transparency in is being asked for by consumers. Consumers want to know where their food came from, how much water and chemicals were used in food preparation, and when and how the food was harvested and transported. They want to know about consistent refrigeration during transport.” Use of IoT sensors and cameras represents a key milestone in provision of value to every industry. Customized cameras are used to take photos and videos with stunning representations. Digital controls will further automate flying and driving, making ease of use, flight stability, and automated cars a reality. New materials and new designs are bringing that transformation forward. By furthering innovation, IoT continued growth is assured. The worldwide market for Internet of Things (IoT) is $16.3 billion in 2016 anticipated to reach $185.9 billion by 2023. Sensors and software analytics platforms are implemented with connectivity capability for streaming data from endpoints and using analytics to process the data in a manner that generates alerts when appropriate. The complete report provides a comprehensive analysis of Internet of Things (IoT) in different categories, illustrating the diversity of uses for digital tracking devices in industry, healthcare and consumer markets. Analytics makes the images more cogent to everyone, farmers, doctors, machine operators, the uses of IoT are quite diverse. Letting people anticipate problems that only become visible to humans days or weeks after the sensors and images detect issues is a fundamental aspect of IoT, along with generating apocopate levels of alerts. Not too many and not too few. Aerialtronics Adobe Amazon Apple AutoDesk AutoDesk CAD-in-the-Cloud Bosch Cisco Systems Digi Inter national Cybus Enevo Oy Technologies Essence General Electric GE GE Wireless Sensor Networks Google Google / Nest Learning Thermostat Google Chromecast Health Slam -IoT Slam Huawei Huawei Partners with China Telecom, Shenzhen Gas On Smart Utility IBM Corporation Infineon Technologies AG Infineon Chip Card & Security Intel Corporation Intel Acquires Mobileye Internet of Things Community KT Microsoft Microsoft Microsoft / Mojang AB Minecraft Microsoft / Skype / GroupMe Free Group Messaging MuleSoft Nokia oneM2M Panoramic Power Oracle PTC Qualcomm Samsung Samsung Agreed to Buy Harman Harman International Industries (ADITI TECHNOLOGIES) SAP Schaeffler Sierra Wireless Business and Innovation Development Sigfox Softbank Softbank “IBM Watson” Softbank Sprint Softbank Yahoo Fukuoka SoftBank HAWKS Spirent STMicroelectronics Symantec / Norton Symantec Creating Trusted Interactions Online Schneider Electric Software, Llc. Uber UIB Zebra ZTE Internet of Things (IoT) IoT Endpoints Universal IoT Platform IoT Suite Web Services Blockchain Networks Wireless Sensor Networks Security and Energy Management Healthcare Transportation Self Driving Cars Agriculture IoT Weather IoT Financial IoT Industrial IoT Manufacturing IoT Security IoT Energy Management Internet of Things IoT Security Healthcare IoT Wearable Technology Self-Driving Cars Connected Cars Rail Transportation IoT Sensor and Computing Configurations Agricultural and Weather IoT IoT chipsets …CONTINUED For more information, please visit http://www.wiseguyreports.com
News Article | July 21, 2017
The world’s leading blockchain conference and exhibition, Blockchain Expo, arrives in California for the inaugural North America event this fall. Blockchain Expo North America will take place in the Santa Clara Convention Center, right in the heart of Silicon Valley, between 29-30 November 2017. The setting is perfect as the event will see some of the heaviest hitters in the blockchain space explore how the technology is disrupting the established order in sectors as diverse as healthcare, real estate, energy and government services. Hyperledger, R3, Ripple and Lisk are long term event partners collaborating with Blockchain Expo to showcase their offerings and deliver a wide range of options in which to develop your own distributed ledger. The event is perfect for industry members, budding start-ups and entrepreneurs, as well as anyone with an interest in one of most hotly anticipated technological developments of the last few decades. The developments in blockchain are so exciting and we want to cover as much as possible. With an ever-growing number of innovative companies popping up in nearly every sector imaginable, there is a lot to talk about. The event is two days of high level content, delivered by expert speakers, in two main areas: Blockchain for Industry will take a look at the variety of platforms and services that have sprung up in recent years and their impact on a range of business sectors. Blockchain Technologies is for those who want to know more about the evolution of blockchain and its applications. We focus on the launches and trials that are taking place as well as the vast opportunities that the technology presents. The series so far The Blockchain Expo 2017 series began in London in January this year, followed by Berlin in June. Both shows exceeded all expectations with in excess of 90 exhibitors and 2800 attendees, and senior level speakers from Deloitte, PwC, Microsoft, BNY Mellon, HSBC, Nordea Bank and Airbus setting the precedent across the two shows. What can you expect? Blockchain Expo North America 2017 will bring together 2000 attendees from across the blockchain world, so it is bound to packed with interesting individuals and companies. As well as the talks, attendees will be able to experience for themselves the incredible growth of the sector by taking a look around the exhibition, which will feature an amazing array of companies. Co-located with IoT Tech Expo and AI Expo which expect to attract an additional 7000 attendees, the conference and expo will be a haven for people looking for the cutting edge of technology that will change the ways we live, communicate and do business. Who’s going to be there? We have managed to assemble the most important players in the blockchain space, from established business giants to fresh-faced innovators. Offering both Free Expo passes and Gold passes with exclusive content and networking opportunities, as well as Ultimate passes for full access to all 3 co-located events, find out more about taking part here: www.blockchain-expo.com/northamerica
News Article | July 19, 2017
On Tuesday, the Enterprise Ethereum Alliance (EEA) became the world's largest open source blockchain initiative, with more than 150 companies including Cisco, MasterCard, and Scotiabank joining in the last seven months. The Enterprise Ethereum Alliance aims to connect Fortune 500 companies, startups, academics, and tech vendors with blockchain subject matter experts. EEA's members represent a wide range of business sectors, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, according to a press release. They include Accenture, BP, Credit Suisse, Deloitte, Microsoft, J.P. Morgan, and Samsung. For those unfamiliar, blockchain is the technology that allows Bitcoin and other digital currencies to be open, anonymous, and secure. It is a master ledger or database of all Bitcoin transactions. This ledger contains metadata about when and how each transaction occurred, which is open to all members of a given network, and is cryptographically secured to prevent tampering. EEA was created in early 2017, with research and development focused on privacy, confidentiality, scalability, and security. According to the release, the group is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups. "EEA's rapid growth in membership mirrors the accelerating acceptance and deployment of Ethereum blockchain solutions in the global marketplace," said Julio Faura, chairman of the board of EEA, in the press release. "The technological breadth, depth and variety of organizations coming together under the auspices of EEA to create and drive enterprise Ethereum standards bodes well for the future development of the next-generation Ethereum ecosystem." The backing of large tech companies signals that blockchain and ledger technologies are growing in the enterprise. And tech companies are exploring blockchain technology for a number of use cases. IBM Watson Health and the FDA recently signed a research initiative looking at ways to leverage blockchain to safely share health data. IBM also partnered with SBI Securities, which will adopt the Hyperledger Fabric to test the application of blockchain technology for security around bond trading. EEA members Microsoft and Accenture partnered to create a blockchain solution that acts as digital identification for refugees. And last year, Microsoft also partnered with the R3 banking consortium to further build out its tools powered by blockchain. Consortiums such as EEA are a great resource for companies that want to invest in learning about these technologies. EEA also plans to develop open industry standards. "This open source framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight into the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network," according to the press release. 1. The Enterprise Ethereum Alliance (EEA), an open source blockchain consortium, now has more than 150 members including Cisco, MasterCard, and Scotiabank. 2. The Enterprise Ethereum Alliance aims to connect Fortune 500 companies, startups, academics, and tech vendors with blockchain subject matter experts. 3. The backing of large tech companies signals that blockchain and ledger technologies are growing in the enterprise.
News Article | July 11, 2017
NEW YORK, July 11, 2017 /PRNewswire/ -- This report analyzes the worldwide markets for Blockchain Technology in US$ Thousand. Blockchain Technology Types analyzed for the global market include Hybrid Blockchain , Private Blockchain , and Public Blockchain . Major Applications Sectors analyzed for the global market include Transportation, Telecom & Media, Financial Services, Healthcare, and Others. The report provides separate comprehensive analytics for the US, Japan, Europe, Asia-Pacific, and Rest of World. Read the full report: http://www.reportlinker.com/p04707094/Global- Blockchain -Technology-Advanced-Technologies.html Annual estimates and forecasts are provided for the period 2015 through 2022. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 124 companies including many key and niche players such as: - AlphaPoint Corporation - Blockchain Global - Blockchain Tech Ltd. - BlockCypher, Inc. - Bloq Read the full report: http://www.reportlinker.com/p04707094/Global- Blockchain -Technology-Advanced-Technologies.html I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations Disclaimers Data Interpretation & Reporting Level Quantitative Techniques & Analytics Product Definitions and Scope of Study II. EXECUTIVE SUMMARY 1. INDUSTRY OVERVIEW Blockchain , The Technological Essence of Bitcoin, Emerges to Disrupt the Digital Economy The Promise of Decentralized Internet Moving Beyond Bitcoin Revolutionizing Benefits of Blockchain that Double Up as Powerful Growth Drivers Timeline of Blockchain Technology Adoption Decentralized Database, Immutability, Encrypted Blocks and Elimination of Intermediaries - Inimitable Benefits of Blockchain Technology to Propel Market Growth Higher Transaction Transparency Multiple Users Increase Security Level Ledger Format Improves Efficiency Applicability across Various Industries Disintermediation & Trustless Exchange No Single Point of Failure The Three Generations of Blockchain Technology Asia-Pacific to Spearhead Growth in Blockchain Technology Sphere While Financial Services Sector Leads Blockchain Applications, Non-Finance Sectors Look to Catch-up with Investigational Blockchain -based Initiatives Next-Generation Blockchain Innovations to Foster Development of New Applications Public Blockchain Networks Dominate Market Revenues Noteworthy Trends & Issues Widening Network of IoT Systems to Power Blockchain Implementations Table 1: Expanding Internet of Things (IoT) Networks to Intensify Demand for Blockchain -based Platforms: Worldwide Installed Base of Internet of Things (IoT) - Number of Connected Devices in Billion Units by Category for 2016 and 2020 (includes corresponding Graph/Chart) Blockchain Assumes Critical Role as a Tool for Enabling Financial Inclusion of the Unbanked Table 2: World's Unbanked Population Provides Opportunity for Blockchain Technology - Percentage of Adult Population Not Using Formal or Semiformal Financial Services by Geographic Region (includes corresponding Graph/Chart) Venture Capitalists Flock to Fund Blockchain Companies: An Indication of the High Growth Potential of Blockchain Technology Table 3: Venture Capital Funding for Blockchain Technology in US$ Million for the Years 2013 through 2015 (includes corresponding Graph/Chart) Table 4: A Peek at Major VC Funding Deals in Blockchain Technology Space for 2016 & 2017 Blockchain as a Service (BaaS): The Latest Cloud-based Weapon Promising to Transform Business Processes Smart Contracts: Among the Most Promising Use Cases of Distributed Ledger Technology Industry-wide Collaborations: Critical for Developing Practical Applications of Blockchain Existing Regulatory Framework & Infrastructure Limitations Impede Wider Adoption of Blockchain Technology 2. THE BLOCKCHAIN ECOSYSTEM Intense Competition Characterizes Blockchain Technology Landscape Startups in Blockchain Space A Review of Select Startups in Blockchain Technology Market Digital Asset Holdings Chain SETL Ripple itBit Credits A Glance at Major Blockchain Platforms Ripple Ethereum Blockstream A Glance at Major Blockchain Consortiums Hyperledger Project Post Trade Distributed Ledger Group R3 CEV Global Payments Steering Group (GPSG) Financial Blockchain Shenzhen Consortium (FBSC) Japan Blockchain Association (JBA) Financial Blockchain Shenzhen Consortium (FBSC) Payment Companies Foray into Blockchain Space: A Step Closer to Mainstream Status for Blockchain Applications? Patents-Seeking Finance Industry Shifts Gear, Looks to Adopt Open Source Strategy for Blockchain Technology 3. APPLICATIONS & USE CASES OF BLOCKCHAIN TECHNOLOGY - A REVIEW Use Cases of Blockchain Technology by End-Use Sector Cryptographic Digital Currencies: The Foremost Application of Blockchain Technology Central Banks Ponder Creation of Digital Currencies using Blockchain Technology Bitcoin - Blockchain Technology's Leading Application under Pressure from Regulatory Scrutiny & Security Issues Table 5: Global Bitcoin Market - Annual and Cumulative Venture Capital Investments in US$ Million for the Years 2012 through 2016 (includes corresponding Graph/Chart) Table 6: Bitcoin Market Worldwide (2016): Percentage Breakdown of Cumulative Bitcoin VC Investments by Sector - Exchange, Financial Services, Infrastructure, Mining, Payment Processor, Universal and Wallet (includes corresponding Graph/Chart) Table 7: World Distribution of Bitcoin Nodes (Jan 2017) - Percentage Breakdown of Number of Reachable Nodes by Country (includes corresponding Graph/Chart) Table 8: China Leads Bitcoin Mining Pools Worldwide (2016): Percentage Breakdown by Hashrate Distribution of Bitcoin Mining Pools (includes corresponding Graph/Chart) Financial Services Industry: Blockchain to Improve Transparency, Security, Immutability & Accessibility of Financial Systems & Processes Financial Services Industry - A Glance at Major Use Cases of Blockchain Technology Blockchain & Distributed Ledger: Revolutionary Concepts for the Financial Services Industry Table 9: Financial Services Sector Leads Use Case of Blockchain Technology Adoption Worldwide (2016) - Percentage Breakdown of Number of Use Cases of Non-Bitcoin Blockchain Solutions for Arts & Entertainment, Consumer, Financial Services, Healthcare, Public Sector and Others (includes corresponding Graph/Chart) Table 10: Blockchain Technology Adoption in Financial Services Industry Worldwide (2016) - Percentage Breakdown of Number of Use Cases of Non-Bitcoin Blockchain Solutions for Identity, Insurance, Payments, Register of Ownership and Securities (includes corresponding Graph/Chart) Banks Turn to Blockchain Technology for Improving Efficiency of Banking Operations Table 11: Growing Interest of Banks in Blockchain -based Applications - Blockchain Technology Spending in $ Million by Banks for the Years 2016, 2018 & 2020 (includes corresponding Graph/Chart) Table 12: Rise in Online Banking Fraud Related Losses Drives Interest in Building Blockchain -Based Banking Systems for Foolproof Security: World Online Banking Fraud Losses (in US$ Billion) for the Years 2010, 2012, 2015 and 2018 (includes corresponding Graph/Chart) Blockchain -based Payments Processing - An Active Area of Interest for Banks A Glance at Few Major Use Cases of Blockchain in Payments Processing Retail and Consumer Banking - Blockchain to Reduce Costs and Speed Up Transactions Global Exchanges - Blockchain Platforms Essential to Establish Trust Blockchain /DLT-based Technologies: A Comparison of Factors Affecting Adoption in Public Equity Securities Markets for Select Countries/Regions Table 13: Revenue Exposure of Public Equity Markets to Underlying Infrastructure Assets for the Year 2016 (includes corresponding Graph/Chart) Capital Markets: Blockchain to Resolve with Data Duplication, Reconciliation Errors and Settlement Delays Efficiency of Post-Trade Processes in Exchanges Set to Improve with Blockchain Table 14: European Listed Exchanges Market - Percentage Breakdown of Revenues across Listed European Exchanges for Capital Markets, Derivatives, Indices, Market Data, Post Trade and Others for 2016 (includes corresponding Graph/Chart) Blockchain in Private Securities Market Implications of DLT for Securities Trading Market Wealth & Asset Management Industry Turns to Blockchain for Reducing Costs & Delays Blockchain 's Potential Role in Reducing Fee Pressure on Asset Management Industry Table 15: Potential Cost Savings (in £ Billion) for the UK Asset Management Industry with Blockchain -Enabled Cost Reduction (in %) in Middle/Back Office Functions (includes corresponding Graph/Chart) Insurance Sector Seeks Blockchain -based Systems to Detect Fraud or Errors Applications of Blockchain in Insurance Industry Role of Blockchain in P&C Insurance Companies Involved in Developing Blockchain Use Cases for Insurance Industry Regulatory Cooperation: A Must for Successful Blockchain Adoption in Financial Services Sector Blockchain in Healthcare Industry: Despite Optimism Practical Applications to Take Years to Realize Blockchain Seeks to Address Inefficiencies of Public Sector & Government Agencies Blockchain -Enabled E-Voting: Could this be the Future of Organizational & National Voting? Promising Future for Blockchain Technology in Media & Telecommunications Sector Media & Entertainment: Blockchain to Affect Compensation & Payments Blockchain Comes to the Aid of Music Industry for Resolving Royalty Payments and Licensing Issues Self-Driving Cars, Auto Finance Contracts & Ridesharing: Blockchain 's Applications in Transportation Sector Blockchain -based Cloud Storage: The Next Evolution in Enterprise Storage Solutions Blockchain - Panacea for Various Issues Faced by the Accounting Sector? Blockchain Holds Potential to Support Monetization of Social Media Electricity Trading for Wind Farms - The Latest Blockchain Application being Explored Blockchain Technology to Ensure Legitimacy of Diamond Trade Blockchain in International Trade/Asset Transfer Fashion Industry: Potential Role of Blockchain Technology for Improved Traceability 4. BLOCKCHAIN TECHNOLOGY - A CONCEPTUAL OVERVIEW Blockchain - An Introduction Blockchain Workflow The Evolution of Blockchain Functions of Blockchain Characteristics of Blockchain Technology Distributed Consensus No Single Point of Failure In-built Security Real-Time Auditability and Transparency Building Blocks of Blockchain -based System Distributed Ledger Technology Permissioned and Unpermissioned Blockchain s Private Blockchain s, Public Blockchain s & Consortium Blockchain Private Blockchain Public Blockchain Consortium Blockchain Public Vs Private Blockchain - A Comparison Advantages of Blockchain Applications Drawbacks of Blockchain Technology Blockchain Applications Applications in Banking & Finance Sectors Currency Exchange & Payments Peer-to-Peer (P2P) Lending Micropayments Applications in Non-Finance Sectors Legal & Insurance Energy Sector Agriculture Healthcare Retail & Supply Chain A Review of Select Use Cases of Blockchain Technology Decentralized Marketplaces Crypto Currencies Smart Contracts Identity Management Voting Systems Payments Remittances 5. RECENT INDUSTRY ACTIVITY Reserve Bank of India Tests Blockchain Technology for Trade Application YES Bank Implements Multi-Nodal Blockchain Transaction Using Smart Contracts European Banks form 'Digital Trade Chain' Blockchain Platform BTL Concludes Blockchain Project with Energy Company BNP Paribas Concludes Real-Time Blockchain Payments WISeKey to Establish Blockchain Central of Excellence in China ARK Crew Releases RK Token Exchange Campaign Siemens Partners with LO3 Energy for Blockchain Microgrid ICICI Bank and NBD Partner for Execution of Blockchain Transactions Paxos Partners with Euroclear for Blockchain Settlement Service for Gold Market Microsoft Collaborates with Bank of America Merrill Lynch for Blockchain Mahindra and IBM Team Up to Develop Blockchain Solution for Supply Chain Finance Chitkara University Begins Using Blockcha for e-Documents UBS Expands Footprint in China's Blockchain Space IBM and Energy Blockchain Labs Use Blockchain for Carbon Assets Walmart Tests Blockchain based Project for Tracking Produce European Insurance Companies Partner for B3i Blockchain Initiative EU Central Bank and Bank of Japan Partner for Using Blockchain Technology OneCoin Launches OneChain Blockchain Japanese Exchanges Form Consortium for PoC Testing of Blockchain -based System Sompo Japan Conducts Trials Using Blockchain Technology for Risk Transfer Tech Bureau Raises Funding for New Blockchain Products Hitachi and BTMU to Test PoC for Blockchain -based System Senegal to Introduce National Digital Currency Based on Blockchain Singapore Stock Exchange Tests Blockchain Digital Currency System Accenture Creates Blockchain Practice RISE Financial Technologies Launches Blockchain for Post Trade Sector Visa and China Unveil Visa B2B Connect Solution based on Blockchain Chain Release Chain Open Standard 1 Blockchain Protocol Microsoft Collaborates with Bank of America Merill Lynch for BaaS R3 and MAS Partner for Blockchain Technology BTL Acquires Xapcash Colu Raises $9.6 Million in Funding DigitalX and Telefónica Collaborate Eris Chooses Ledger as Blockchain Hardware Security Partner German Central Bank & Deutsche Börse Develop Blockchain Prototype for Securities Trading UK Government Conducts Trials on Blockchain -based Welfare Payments System Santander Launches Blockchain Tech for International Payments Electron to Implement Blockchain Technology in UK's Energy Sector Bank of Russia Introduces Masterchain Blockchain Prototype for Financial Markets GoCoin™ Merges with Ziftr® La Poste Tunisienne and Monetas Partner for Blockchain -based Payment Platform Digital Asset Acquires Blockstack Nasdaq Partners with Chain for Blockchain Initiative Nasdaq Unveils Blockchain Technology Initiative AlphaPoint Unveils StreamCore 6. FOCUS ON SELECT PLAYERS AlphaPoint Corporation (US) Blockchain Global (Australia) Blockchain Tech Ltd (Canada) BlockCypher, Inc. (US) Bloq (US) Chain, Inc. (US) Coinfirm Ltd. (UK) Consensus Systems (US) Credits (UK) Digital Asset Holdings, LLC (US) IBM (US) Libra Services, Inc. (US) Microsoft Corporation (US) Monax (US) Nasdaq (US) ShoCard (US) The Bitfury Group (US) The Linux Foundation (US) 7. GLOBAL MARKET PERSPECTIVE Table 16: World Recent Past, Current and Future Analysis for Blockchain Technology by Geographic Region - US, Japan, Europe, Asia-Pacific and Rest of World Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) Table 17: World 8-Year Perspective for Blockchain Technology by Geographic Region - Percentage Breakdown of Revenues for US, Japan, Europe, Asia-Pacific and Rest of World Markets for the Years 2016 and 2022 (includes corresponding Graph/Chart) Table 18: World Recent Past, Current and Future Analysis for Blockchain Technology by Type - Hybrid, Private and Public Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) Table 19: World 8-Year Perspective for Blockchain Technology by Type - Percentage Breakdown of Revenues for Hybrid, Private and Public Markets for the Years 2016 and 2022 (includes corresponding Graph/Chart) Table 20: World Recent Past, Current and Future Analysis for Blockchain Technology by Application - Transportation, Telecom & Media, Financial Services, Healthcare and Others Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) Table 21: World 8-Year Perspective for Blockchain Technology by Application - Percentage Breakdown of Revenues for Transportation, Telecom & Media, Financial Services, Healthcare and Others Markets for the Years 2016 and 2022 (includes corresponding Graph/Chart) III. MARKET 1. THE UNITED STATES A.Market Analysis Current and Future Analysis Blockchain Technology Moves towards Mainstream Adoption US Banks at the Forefront of Blockchain Technology Innovation Table 22: Number of Patent Applications Filed in the Areas of Blockchain and Bitcoin for the Years 2011 through 2016 (includes corresponding Graph/Chart) Limited Scope for Blockchain in Public Equity Exchanges, But Potential Uses in Private Equity Markets US Government Policies to Impact Blockchain Innovations Strategic Corporate Developments Select Players B.Market Analytics Table 23: US Recent Past, Current and Future Analysis for Blockchain Technology Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) 2. JAPAN A.Market Analysis Market Overview Rapid Growth of Bitcoin Market in Japan Fuels Focus on Blockchain Technology Strategic Corporate Developments B.Market Analytics Table 24: Japanese Recent Past, Current and Future Analysis for Blockchain Technology Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) 3. EUROPE A.Market Analysis Market Overview Blockchain to Promote Integration of Capital Markets in the EU Cash-Strapped European Banks Hold Back Investments into Blockchain Leading European Banks Develop Blockchain Solution for Small Businesses UK: Financial Sector Adopts Blockchain and DLT Platforms Switzerland: A Potential Hub for Blockchain Startups Russia: Growing Interest of Financial Companies in Blockchain Technology Strategic Corporate Developments Select Players B.Market Analytics Table 25: European Recent Past, Current and Future Analysis for Blockchain Technology Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) 4. ASIA-PACIFIC A.Market Analysis Current and Future Analysis Overview of Select Regional Markets Australia Market Overview Public Equity Markets Explore Use of Blockchain & DLTs China Chinese Government's White Paper on Blockchain Reflects the Technology's Potential Blockchain Initiatives in China Blockchain Technology in China's Financial System Blockchain Technology to Disrupt Logistics Sector India Blockchain Technology Promises to Revolutionize Financial Services Industry Startup Activity Yet to Gain Steam Non-Finance Applications of Blockchain Technology Gain Prominence Hong Kong Finance Regulators Support Blockchain and DLTs Singapore: Exploring Blockchain -Driven Systems for Interbank Payments Strategic Corporate Developments Select Player B.Market Analytics Table 26: Asia-Pacific Recent Past, Current and Future Analysis for Blockchain Technology Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) 5. REST OF WORLD A.Market Analysis Current and Future Analysis Africa Financial Services Industry Investigates Possibilities for Blockchain Adoption Transactions and Payments without Bank Accounts Citigroup Eyes Blockchain to Simplify Transactions Israel Startups Fuelling Developments in Blockchain Technology Latin America Rising Focus on Blockchain -based Initiatives for Various Industries Growing Interest of Corporate Treasurers in Blockchain Technology Strategic Corporate Developments Select Player B.Market Analytics Table 27: Rest of World Recent Past, Current and Future Analysis for Blockchain Technology Analyzed with Annual Revenue Figures in US$ Thousand for the Years 2015 through 2022 (includes corresponding Graph/Chart) IV. COMPETITIVE LANDSCAPE Total Companies Profiled: 124 (including Divisions/Subsidiaries - 125) The United States (70) Canada (5) Japan (2) Europe (35) - Germany (2) - The United Kingdom (16) - Spain (1) - Rest of Europe (16) Asia-Pacific (Excluding Japan) (9) Middle East (3) Africa (1) Read the full report: http://www.reportlinker.com/p04707094/Global- Blockchain -Technology-Advanced-Technologies.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
News Article | May 31, 2017
A Seattle-based startup is taking some of the most talked-about technology applications -- machine learning, high-frequency trading, and peer-to-peer selling -- and applying them to retail energy markets. The 15-person company, called Drift, is attempting to change electricity delivery in deregulated markets by connecting consumers directly to energy producers on a cryptographically secure system (think blockchain), allowing it to granularly match a customer's environmental or cost preferences. Drift is made up of engineers who've worked at Amazon, Google and Microsoft; a data scientist from Argonne National Laboratory; a head of marketing from Uber; and a former FERC attorney. Greg Robinson, the co-founder and CEO, said the platform was designed to "ruthlessly lower costs in the supply chain" and provide a more customized experience for people looking for energy choice. Robinson is the former CTO of Questar Energy Systems, where he developed software to control solar tracking systems. After beta-testing for the last couple months, Drift is officially launching in New York City as an energy services company. The startup is seeking out residential and small-commercial customers, while also working with generators to build out the supply side of its platform. The customer side of the business is familiar. Drift acts like a competitive energy supplier in deregulated markets. The only difference is customization and frequency. Drift delivers bills on a seven-day cycle, with detailed information on fees and sources of energy. Customers have their own web dashboard that allows them to track transactions and choose whether they want zero-carbon energy or lowest-cost energy. And they don't have the pressure of a contract. "We have no contracts. They should not exist. We show customers what’s going on all the time. If they want to sign up on a Tuesday and leave on a Wednesday, they could. That would suck, but it means we didn’t do our job correctly," said Robinson. The back end of the system is more complicated. Drift is building a network of power plants and distributed energy systems, and constructing a daily supply curve based on customer energy use and weather. "We're trying to match them more granularly than an independent system operator can do it," said Robinson. All transactions are tracked on a ledger similar to blockchain -- although Drift is not currently using a public blockchain like other startups experimenting with peer-to-peer energy sales. ("If I were a marketer, I'd call this a blockchain," said Robinson.) Here's how the company describes the process once it has developed the supply curve: "It then turns to its network of peer-to-peer energy producers -- ranging from iconic skyscrapers to hydroelectric dams and wind and solar farms -- to procure power for consumers. In the event that demand outstrips supply, Drift uses high-frequency trading to reduce or eliminate price spikes altogether." Robinson said the company can slash administrative fees by more than 10 percent through its unique aggregation method. If those buzzwords aren't enough, here's how Drift is described on the company's website: "Think of us as the energy industry’s farm-to-table movement. We use better algorithms and automation to eliminate middlemen, fees and bureaucracy. And we always put you first. With Drift, you have more choice and control over your energy. " The concept fits well in New York, where regulators are attempting to "platformize" the grid and create new opportunities for distributed energy companies to provide services. Drift is currently working with wholesale generators, but plans to expand the platform to behind-the-meter systems. Drift has raised $2.1 million from a wide variety of investors, including First Round Capital, Lerer Hippeau Ventures, SV Angel, Joe Montana's Liquid 2 Ventures, Third Kind Venture Capital, Acequia Capital, Kal Vepuri and Joshua Schachter. Three years ago, David Crane penned a heartfelt letter to his shareholders about serving customers differently. "There is no Amazon, Apple, Facebook or Google in the American energy industry today," he lamented. He wanted NRG, a competitive energy supplier making a big play for retail customers, to become that company. "The 'Big Four' offer their own product or service in a manner that is more comprehensive, seamless, intuitive and, in the case of Apple, visually elegant, than their respective competitors. They enable, they connect, they relate, they empower," wrote Crane. Shareholders never bought into that vision. But now Drift -- a startup literally made up of product engineers from those companies -- is trying to make it a reality.
News Article | June 9, 2017
Power utilities generally live in a world divorced from their customers. Yes, they might answer your call when there’s a billing issue, or the line outside is down. But they answer more to regulators and shareholders. State public utility commissions set the rates we pay for electricity. Most utilities are effective monopolies, with no competition. And, the way regulation works, they’re incentivized to be inefficient: Their mandate is to keep the lights on, at all costs, not to provide power at the lowest possible price. In time, technology may begin to undercut this model, which effectively guarantees returns to companies (utilities are often criticized for “gold-plating” their capital investments, as higher costs mean higher profits). Solar panels and home storage systems allow homeowners to operate more independently of utilities (which is why many are resisting solar so hard). And the internet allows new forms of trading relationship that are more “peer-to-peer” (that is, supplier-to-customer) rather than “hub-and-spoke” (where utilities take up an enlarged role in the middle). Drift, a startup utility from Seattle, is a glimpse of what that future could look like. Launched recently in New York, it links up independent upstate power producers with residents in New York City and aims to cut out the flabby center of the supply chain, including unnecessary middlemen and outdated software. Using machine learning, high-frequency trading, and a blockchain digital ledger for handling power trades, it claims to cut costs to the consumer by 10%-20%. And that’s just the beginning. As its supply network grows, it believes it can continue slashing prices. Many corporates are already making end-runs around traditional utilities, setting up their own direct relationships with power producers. Google, Microsoft, Apple, and Facebook (to name a few) have all set up direct deals with wind farms hoping to tie in long-term low prices. Drift CEO Greg Robinson describes the company as an “energy buying team for everyone else” effectively replicating the deals struck by the tech giants. “Google and Amazon are taking control of their own power buying, going around the utilities’ administrative bureaucracy to buy directly from power makers, or they’ll develop their own plants. We’re basically that energy buying team for everyone who can’t afford an energy buying team,” Robinson tells Fast Company. Residential consumers pay a flat rate of $1 per week ($4.33 a month) plus whatever it costs to supply the power from wholesale markets. That doesn’t sound radical, but it is. While traditional utilities make more money the more power you use, Drift has an incentive to reduce its costs and end-prices. It makes money by signing up more customers, not by enlarging what it charges per customer. (Of course, it could raise the rates in the future but probably not before it’s won a customer base). Though Drift is a utility and is taking on the customer relationship, it doesn’t actually take over the wires that supply your home. It leases distribution and transmission capacity based on the amount of power it needs. That again offers an incentive to be more efficient. If it can supply New York City customers from, say, Westchester County instead of Niagara Falls, it costs less money to distribute: local power is cheaper power.
News Article | September 21, 2017
As the CEO and Founder of digital asset investment firm BKCM LLC, Kelly brings more than 25 years of experience in financial markets to the Veridium team. He also has an extensive background in the blockchain and cryptocurrencies and authored the book 'The Bitcoin Big Bang – How Alternative Currencies are About to Change the World.' Kelly is a CNBC contributor and regularly appears on the popular program Fast Money. BKCM CEO and Founder Brian Kelly said: "With Veridium we have the first of its kind opportunity to develop a private market solution to a global problem, by unlocking the value of natural capital we can use free market forces as an incentive for conservation." Veridium Labs' Board of Advisors also include experts in the field, Jeff Reece, President, Fundry Capital; Jim Procanik, President, Green Projects and Co-Founder of InfiniteEarth Ltd; and John Bishop, an activist investor focused on environmentally and socially responsible impact investments. Veridium Foundation's Board of Advisors includes Martijn Wilder, Member of the Order of Australia, Head of Baker & McKenzie's Global Environmental Markets and Climate Change, Chair of the Australian Renewable Energy Agency (ARENA) and a Director of the Clean Energy Finance Corporation, WWF (Australia) and the Climate Council; Sean McDermott, an environmental law specialist in the offshore wind energy business and board member for Envision Corporation; and Nigel Rivers, CEO at Capital Solutions; and Gerald Prolman, President of Everland, a marketing company that represents some of the world's largest and highest quality portfolio of REDD+ projects in Africa, Latin America, and Asia. Veridium Labs' partner EnVision Corporation has already developed markets for carbon credits and boasts a client list including PricewaterhouseCoopers, Microsoft, State Street, Zurich Insurance, Allianz Insurance, and Intuit. Veridium Labs Co-Founder Todd Lemons said: "Veridium Labs' team of world-leading experts in investment, cryptocurrency, blockchain technology, and environmental services will ensure our success in creating sustainable supply chain solutions and a liquid marketplace to help unlock the still largely untapped value of natural capital. "We are delighted to welcome Brian Kelly to the Board and trust his counsel on financial markets, business development, and blockchain will be an invaluable resource that contributes greatly to achieving our mission to unlock the enormous natural capital market," added Lemons. Veridium will offer TGR tokens in a public token sale set to commence in Q4 2017. TGRs are backed by Triple Gold REDD+ Verified Carbon Credits. Each REDD+ credit is equivalent to the removal of one ton of greenhouse gases from the atmosphere, and conserves, on average, one square meter of biodiverse tropical forest. TGRs will be the first high quality natural capital-backed token onboarded to the blockchain through the VERIDIUM Network. TGRs use the ERC20 token standard and are issued on the Ethereum blockchain. When new natural capital assets like water rights, renewal energy, and biodiversity credits are acquired and verified as meeting the internationally-recognized standards such as the VCS and Climate, Community & Biodiversity (CCB) standards, or American Carbon Registry (ACR) standards, they may be added to the VERIDIUM Network. The decision whether to onboard new natural capital assets will be made by the independent, non-profit Veridium Foundation. VERIDIUM membership rewards tokens will also be issued during the token sale. The tokens grant holders access to rewards points from all natural capital assets onboarded to the blockchain through the VERIDIUM Network. These rewards points may then be used to obtain preferential access to new natural capital tokens as they are added to the VERIDIUM Network. At the token offering, up to 15 million TGRs will be available, backed by 15 million independently audited and registered Triple Gold REDD+ credits generated by the Rimba Raya Biodiversity Reserve in Borneo, Indonesia and other similar Triple Gold REDD+ projects. The Rimba Raya Biodiversity Reserve is a high conservation value, tropical peat forest approximately the size of Singapore, and one of the world's most endangered ecosystems. It contains the highest biodiversity and carbon stocks of any forest type, and filters and conserves trillions of liters of fresh water every day. Most notably, it protects over 120 threatened, vulnerable and endangered species listed on the Cites RED list and is home to one of the largest remaining high-density populations of endangered orangutans. TGR tokens will be available for purchase in Bitcoin, Ethereum, and major fiat currencies. For more information, visit veridium.io. Veridium Labs Ltd. Veridium Labs is an environmental fintech company offering a real-world application of blockchain technology that uses cryptographic environmental mitigation offsets, called TGRs. When embedded with smart contract commodity settlements, TGRs create a new asset class of "EcoSmart-CommoditiesTM" that have the ability to revolutionize sustainable supply-chain management. By creating a transparent pricing mechanism for standing natural capital, VERIDIUM creates additional liquidity, fungibility and therefore value for natural capital and the environmental services it provides.
News Article | March 1, 2017
NEW YORK, NY--(Marketwired - Mar 1, 2017) - The world's most advanced enterprise and startup blockchain innovators have formed an alliance to build, promote, and broadly support Ethereum-based technology best practices, standards, and a reference architecture, EntEth 1.0. The Enterprise Ethereum Alliance (EEA) seeks to augment Ethereum, enabling it to serve as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability, and security. EEA will also investigate hybrid architectures that span both permissioned and public Ethereum networks. The founding members of the Enterprise Ethereum Alliance rotating board include Accenture, Banco Santander, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, J.P. Morgan, Microsoft, and Nuco. Additional founding members include AMIS, Andui, BBVA, brainbot technologies, BP, Chronicled, Credit Suisse, Cryptape, Fubon Financial, ING, The Institutes, Monax, String Labs, Telindus, Tendermint, Thomson Reuters, UBS, VidRoll, and Wipro, among others. Many initial members have developed pilots and production environments using Ethereum and bring unique understandings of enterprise needs. These include supply chain provenance tracking, inter-bank payments, reference data, securities settlement, and many others. Ethereum is a blockchain-based, general purpose decentralized application platform, enabling smart contract functionality. It employs the Ethereum Virtual Machine and the Solidity programming language to directly implement and execute peer-to-peer and multiparty agreements among other applications. This technology facilitates more efficient and secure transactions without centralized intermediation. Notably, Ethereum blockchain technology will improve banking trade settlement latency, increase transparency in supply chains, and create peer-to-peer markets where intermediaries typically were previously needed between counterparties. "Ethereum is already one of, if not the, most widely used technologies for developing and deploying enterprise blockchains. Enterprises love the availability of open-source implementations, a single standard, the rapidly growing developer ecosystem, and availability of talent. But enterprises expect resilient secure systems and a robust controls environment. EEA aims to bring these together, both to provide enterprises the forum they need and also to advance Ethereum generally," said Jeremy Millar, founding board member of EEA. EEA will collectively develop industry standards and facilitate open source collaboration with its member base as well as the Ethereum Chief Scientist and Inventor, Vitalik Buterin, and is open to any members of the Ethereum community who wish to participate. This collaborative framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight to the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network. "The Enterprise Ethereum Alliance project can play an important role in standardizing approaches for privacy, permissioning and providing alternative consensus algorithms to improve its usability in enterprise settings, and the resources the project and its members are contributing should accelerate the advancement of the Ethereum ecosystem generally," said Mr. Buterin, "I look forward to continuing to work with everyone involved." "Ethereum has one of the broadest developer user bases across industries. The Ethereum Enterprise Alliance will add power to this innovative tool and make it applicable for enterprises and corporates. It underscores Accenture's commitment to making blockchain real for clients. We are very pleased to be part of this important initiative." "AMIS is a blockchain technology company rooted in Asia, but as its French-inspired name suggests, also connected to the world. We have been fortunate to partner with some of the most prominent enterprises and research organizations in Greater China, and through the Enterprise Ethereum Alliance, look forward to extending those partnerships globally." "Our team at Andui fully endorses Enterprise Ethereum Alliance's values and goals. We set out shortly after Ethereum was launched, in July 2015, with the mission to allow individuals and enterprises alike to access platforms for equal opportunities in financial collaborations. We are focusing on the development of a value web with inter-connected and inter-operable chains, in the spirit that compatibility and standardization facilitate access." "Like many financial institutions, Santander has been actively exploring the use of distributed ledger technology and Ethereum has been one of the platforms-of-choice on which to build proof-of-concepts and prototypes. With its large developer community, 1.5 years of testing in a public environment, and multiple implementations, Santander is enthusiastic in its support of the goals of the Enterprise Ethereum Alliance and its goal of developing a single set of standards for using Ethereum in an enterprise setting." "It's time for different industries to collaborate in order to take advantage of the disruption that blockchain represents. We believe that Ethereum Enterprise Alliance is key to create common standards and practices that will really help to bring the blockchain advantages to businesses process in a secure and efficient way." -- Carlos Kuchkovsky, CTO of New Digital Business at BBVA "As the leading enterprise blockchain-as-a-service software provider, we are proud to be one of the Enterprise Ethereum Alliance founding members. We see tremendous adoption of production grade deployments for Ethereum-enabled blockchain applications. Unlike other consortiums, the Enterprise Ethereum Alliance is here to represent production enterprise interoperability requirements and ensure that software vendors, like BlockApps, deliver future proof solutions and eliminate the vendor lock-in risk to a proprietary blockchain framework." "The Ethereum community and technology stack holds great promise for both the public network users and within the enterprise, where there are specific requirements that we will address collaboratively through the Enterprise Ethereum Alliance." "At brainbot technologies, we've been faced with industry requirements early on when creating PoCs and advising FI's / major companies from other industries. Consequently, we built Hydrachain, the first permissioned variant of Ethereum. We're convinced, that second layer technologies like the Raiden Network we are developing, will play a crucial role on the path to broad industry adoption of distributed ledger technologies. Our team is enthusiastic about this initiative as well as the continued collaboration and progress and we're looking forward to contributing to the benefit of the entire ecosystem." "We chose to build our Internet of Things platform solutions on Ethereum because it offered a robust and scalable smart contract infrastructure. We are excited that the EEA is emerging to lead the development of reference architectures for enterprise-grade blockchain solutions. Secure and scalable blockchain infrastructure and IoT together have the potential to herald in the fourth industrial revolution." "In our enterprise consulting work we advise prospective clients to build a blockchain stack on Ethereum, because private permissioned versions of Ethereum represent the most capable, best hardened blockchain architectures for those contexts. It will grow increasingly important that enterprise builds on private infrastructure that is compatible with the public Ethereum mainnet, allowing enterprises using private, permissioned versions to eventually capture the value of the public blockchain when they develop use cases that can take advantage of the public network. The Enterprise Ethereum Alliance was designed to enable organizations to easily deploy a single standard blockchain stack and build applications on that stack for the public, permissionless blockchain as well as for private, permissioned Ethereum blockchains. The EEA may turn out to be the most important project of 2017 in the blockchain ecosystem." "As a long-time supporter of Ethereum technology, Cryptape is honored to be a member of the EEA. The success of a global standard of commercial blockchain needs the participation of Chinese enterprises, and we will, as always, work with the whole community to make it come true." "Fubon Financial has commercialized the Ethereum blockchain protocol with its BraveLog service. Now it looks forward to collaborating with other enterprises around the world to develop innovative applications that cross industry and geographic boundaries in a compliant and secure fashion. As a leading financial services firm in Greater China, we are proud to contribute to the Enterprise Ethereum Alliance." "The Initiative for CryptoCurrencies and Contracts (IC3) is advancing solutions to meet the needs of permissioned blockchains such as ensuring complete user confidentiality with the capability to audit accounts and transactions. We look forward to continuing our collaborations with the Enterprise Ethereum Alliance membership and supporting the needs of the financial community." "For ING, leading edge technology is the key to developing innovative solutions for our customers and the Enterprise Ethereum Alliance is a perfect example of how we play at the forefront of these developments. Ethereum is an extremely powerful multi-purpose blockchain and we're proud to partner with the Enterprise Ethereum Alliance to leverage this computing platform to seek efficient and secure propositions for our clients." "The Institutes, as a non-profit dedicated to serving the risk management and insurance industry, is working to bring the insurance industry together in a blockchain consortium. The Ethereum Virtual Machine and associated smart contracts have the potential to magnify our industry's ability to effectively protect and help its diverse client base. The Institutes is excited to be a founding member of the Enterprise Ethereum Alliance and assist in efforts to propel this vision." -- Peter L. Miller, CPCU, President and CEO of The Institutes "J.P. Morgan is an active supporter of both emerging technologies and open source projects. We look forward to continuing to advance the state-of-the-art in blockchain technology with the diverse expertise and collaborative energy of the Enterprise Ethereum Alliance." "At Microsoft, we are proud to be a founding member and board member of the Enterprise Ethereum Alliance to continue the advancement of enterprise grade blockchain platforms. Participating with the Ethereum community to implement open standards will accelerate deployment of blockchain solutions. In addition, Microsoft Azure's open, global scale cloud infrastructure and platform services provide fertile ground for the evolution of Ethereum into the enterprise." "Monax's Ethereum Virtual Machine implementation was the world's first EVM with permissioning. It is currently in use at many of the world's best companies, including global tier 1 banks, Deloitte, and SWIFT. We are very pleased to be joining the Enterprise Ethereum Alliance as a founding member, look forward to contributing our knowledge and expertise, and will ensure that our EVM continues to meet or exceed the requirements of the Enterprise Ethereum specification as it evolves." "Nuco has been a leading company in developing enterprise infrastructure functionalities into the Ethereum protocol, with a focus on security, scalability, and performance. Our work to date includes developing a new consensus algorithm and a high performance API within our modular framework. We're committed to actively contributing to and shaping these evolving standards, and we're extremely proud to be a Founding Member of this important initiative." "String Labs is hugely excited by the Enterprise Ethereum Alliance and the support it can provide to organizations using the world's best blockchain technology." "Blockchain tech is getting rapid enterprise adoption. The flexibility of Ethereum make it the leading contender for smart contract applications. We are excited to work with Enterprise Ethereum to bring Tendermint consensus to Ethereum-based applications ensuring the security and speed required." "Thomson Reuters has been an early innovator alongside our customers, startups, and industry organizations to accelerate the enterprise adoption of blockchain to realize its transformative potential across industries. We are excited to join forces again with our customers and the industry on Enterprise Ethereum." "UBS has actively used Ethereum to explore the potential of blockchain technology for the past two years. We are enthusiastic that the Enterprise Ethereum Alliance provides a platform to collaborate on the development of open standards, features, and architectures required for industry-wide adoption of the technology." "Wipro is excited to be part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects around security, privacy, and scalability as these will be key determinants in the pace of blockchain adoption within enterprises. The Enterprise Ethereum Alliance is a great way to accelerate enterprise adoption and is increasingly one of the technologies used by our clients for developing and deploying enterprise blockchains. The Enterprise Ethereum Alliance is a critical platform that allows developers to collaborate with the growing community of blockchain developers. We look forward to working actively on this project to shape blockchain adoption within enterprises."
News Article | December 14, 2016
Take blockchain and the sharing economy as an example. Bringing these two forces together can potentially disrupt established companies like Uber and Airbnb. The success of these companies is largely due to their ability to make use of existing assets people owned, that had been paid for, but from which new value could be derived. Effectively, these companies set up digital platforms that harnessed "excess capacity" and relied on other people to deliver the services. The same applies to other so-called "sharing economy" companies that merely act as service aggregators and collect a cut off the top. In the process, they gather valuable data for further commercial gain. But can this business model be challenged and enhanced for the benefit of those who are delivering the service and creating the real value? Can technology be used to bypass the third party and allow direct peer-to-peer collaboration within a distributed governance structure? What could a "peer-owned" and "peer-run" marketplace look like? Blockchain technology could just be the answer. What is different about blockchain? You can think of blockchain as the second generation of the internet – a transformation from an internet of information to an internet of value. Blockchain allows suppliers and consumers – even competitors – to share a decentralised digital ledger across a network of computers without the need for a central authority. The assets that can be described on the blockchain can be financial, legal, physical or electronic. No single party has the power to tamper with the records – sophisticated algorithms keep everyone honest by ensuring data integrity and authentication of transactions. But the impacts of blockchain go well beyond financial services and transactions. Its real value is in establishing trust-based interactions and accelerating the transfer of governance from centralised institutions to distributed networks of peer-to-peer collaboration. The impact can be profound: a centralised institution acting as intermediatory in a transaction of value is now at risk of being disrupted because the same service can be provided on the blockchain through peer-to-peer interaction. Blockchain gives service providers a means to collaborate and derive a greater share of the value for themselves. Smart agents on a blockchain could do just about everything provided by a service aggregator. The technology's trust protocol allows autonomous associations to be formed and controlled by the same people who are creating the value. All revenues for services, minus overheads, would go to members, who also control the platform and make decisions. Trust is not established by third parties, but rather through an encrypted consensus enabled by smart coding. The transformation has already begun We already have examples of this technology in action. Arcade City, a global community of peer-to-peer services, is planning to offer a ride-sharing service on the blockchain. To catch a ride, the user buys digital currency (known as tokens), creates an offer and commits funds for the ride. A driver claims the offer, matches the funds to signal their commitment to provide the service, and picks up the passenger. The blockchain releases the funds as soon as the user acknowledges completing the ride. Arcade City has a city council, which will overlook the system for three years until it is fully decentralised and up and running. The same concept of using distributed public record technology can be applied to a wide range of urban applications. For example, an energy startup in Perth is looking to trial a peer-to-peer technology solution that would allow consumers to offer excess energy, available through their solar panels, on the blockchain. Clever code matches the suppliers with consumers without the need to go through the energy provider. Still more questions than answers The blockchain technology and ecosystem around it are evolving rapidly, and are probably raising more questions than answers. How do we establish a system of transparent governance to ensure the longevity of the blockchain? What about security, speed, cost and, more importantly, regulations? As with other disruptive technologies, there will be winners and losers. If the technology is successfully managed for scalable growth, it could very well disrupt established norms and transform our societies. Large layers of data generated by consumers today, which are controlled by hubs, can become public. In a world driven by blockchain, consumers can monetise their own data to derive greater value. By knowing when and how to take advantage of this technology, we have an opportunity to transform the digital platforms for tomorrow's cities. The blockchain becomes the city's operating system, invisible yet ubiquitous, improving citizens' access to services, goods and economic opportunities. Today, the technology is yet to mature. It remains to be seen if the expectations can live up to reality. But, in many ways, this is quite reminiscent of the internet in the mid-1990s. Not many people would have predicted its significance back then. Had we understood the impacts of the internet 20 years ago, what could we have done differently to create more value? That is where we stand today with blockchain. The power of this transformation will become more compelling as the hype settles down and we begin to unleash the possibilities. Explore further: Microsoft teams with Bank of America on 'blockchain'