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Washington, D.C.
Thursday, July 20, 2017

Hyperledger Releases Hyperledger Fabric 1.0, Open Source Blockchain Framework

Blockchain

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London-Based Startup Blockchain Receives $40M in VC Funding – Largest Series B in Fintech Yet

London-based startup Blockchain, a leading software platform for digital assets, announced last week that they have raised a Series B of $40 million with Lakestar and GV (formerly Google Ventures) with additional participation from Nokota Management and Digital Currency...
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GSA Accepting Contractor Support to Develop PoC for Distributed Ledger Technology

The General Services Administration (GSA) is currently seeking contractor support to develop a proof of concept for Distributed Ledger Technology (DLT). This is according to a Request for Quotation (RFQ) issued by the agency. Additionally, the GSA is also seeking...
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Bitfury, Risk Cooperative Partner on Blockchain Initiatives in Insurance Intermediation Market

Blockchain technology company, The Bitfury Group, and Risk Cooperative, an insurance advisory firm, announced on Friday that they have entered into what they termed “a strategic partnership” to pioneer Blockchain applications in the $60 billion insurance intermediation market. The Bitfury...
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Group Develops Blockchain-Based Prototype to Power Energy Business

TMX Group announced Wednesday the development of a blockchain-based prototype to power a new service offering from Natural Gas Exchange (NGX), a wholly-owned subsidiary of TMX Group. NGX collaborated with Nuco Inc., a digital infrastructure provider, to build a new...
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Nasdaq, Citi Partner on Blockchain Payment System

Nasdaq and Citi Treasury and Trade Solutions announced Monday a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. A number of payment transactions have...
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R3 Secures $107M, World’s Largest Distributed Ledger Technology Investment to Date

Blockchain consortium R3 said Tuesday it has completed the first two of three tranches in its Series A fundraising round, securing USD 107 million in the world’s largest distributed ledger technology (DLT) investment to date. R3 is the largest consortium of...
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Toyota, Industry Partners Explore Use of Blockchain Tech for Autonomous Vehicles

Toyota Research Institute (TRI), a wholly owned unit of Toyota Motor North America, said Monday it is collaborating with MIT Media lab and several industry partners to explore blockchain and distributed ledger technology (BC/DL) for use in the development...
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Intel, PokitDok Collaborate on Blockchain Solution for Recording Healthcare Transactions

Healthcare API company PokitDok announced last week that it has selected the Linux Foundation’s Hyperledger Sawtooth as its premier platform for recording DokChain healthcare transactions. Hyperledger Sawtooth is an open source blockchain project contributed by Intel. DokChain is PokitDok’s implementation...
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Startups Get Funding From DHS for Blockchain Research Projects

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded $9.7 million to 12 small businesses for 13 Phase II contracts through the Small Business Innovation Research (SBIR) program. Three of the companies received approximately $2.25 million for...
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Australia to Officially Treat Bitcoin as Legal Tender July 1

Australia is making strides towards establishing itself as a leading global financial technology (FinTech) hub and, recently announced a new package aimed at positioning its local FinTech industry as a world leader. To that effect, the Australian government will...
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U.N. Launches Training Aimed at Tackling Cryptocurrency-Enabled Organized Crime

The United Nations Office on Drugs and Crime (UNODC) said Monday it has developed what it termed a “world-leading Cryptocurrency Investigation Train-the-Trainers course,” and delivered, in recent weeks, the first courses on cryptocurrency investigation. This is in response to the...
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TenneT, IBM, Others Collaborate to Develop Blockchain Tech for Managing Power Grid

IBM said Tuesday it is joining forces with TenneT, sonnen and Vandebron to develop blockchain technology for managing the electricity grid in the Netherlands and Germany. This innovative technology is the next step in enabling decentralized flexible energy sources to...
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Ukraine Partners With Tech Firm Bitfury to Put Government Data on Blockchain Platform

The Bitfury Group, a full service Blockchain technology company, said last week The State Agency for eGovernance of Ukraine signed what it described as “a groundbreaking first-ever Memorandum of interaction and cooperation to create the first full-scale Blockchain eGovernance...
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UK’s Royal Mint, CME Group Trial Blockchain-Based Platform for Trading Gold

Britain's Royal Mint and Chicago-based exchange CME Group Inc are testing a new platform for trading gold based on blockchain technology. RMG (Royal Mint Gold), is a digital gold product created by The Royal Mint and CME Group. CME Group...
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Fidelity Collaborates With Academic and Tech Firms to Develop Blockchain Technology

Fidelity Labs, the R&D and Innovation unit of Fidelity Investments, said Monday it is the first in the financial services industry to join faculty members at Cornell University, Cornell Tech, UC Berkeley, University of Illinois at Urbana–Champaign, and the...
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IBM, Trafigura, Natixis Pioneer First Blockchain Solution for U.S. Crude Oil Transactions

IBM, Natixis and Trafigura have pioneered the first blockchain solution in commodity trade finance for US crude oil transactions, IBM announced Tuesday. The distributed ledger platform, built on the Linux Foundation open source Hyperledger Fabric, allows major steps in a...
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SAP Joins Hyperledger to Advance Enterprise-Grade Distributed Ledger Tech

Business software and cloud services company SAP has joined Hyperledger, a collaborative cross-industry effort created to advance blockchain technology. The company plans to utilize blockchain in existing and new business scenarios for enterprises, and will implement blockchain across its portfolio,...
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KPMG, Microsoft Launch Joint Blockchain Nodes

KPMG International and Microsoft Corp. announced Wednesday the launch of joint Blockchain Nodes, which they said are designed to “create and demonstrate use cases that apply blockchain technology to business propositions and processes.”  The KPMG and Microsoft Blockchain Nodes will...
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Major Energy Companies Begin Work on Blockchain Pilot

BTL, a blockchain solution provider, said Tuesday it is working with a group of leading energy companies, including Wien Energie GmbH, Austria's largest regional energy company, on a blockchain pilot using BTL's Interbit platform. According to BTL, the goal of the...
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Lawmakers Announce Launch of Congressional Blockchain Caucus

Rep. Jared Polis (D-Colo.) and David Schweikert (R-Ariz.) on Thursday announced the launch of the Congressional Blockchain Caucus, a bipartisan Caucus which they say will be dedicated to the advancement of sound public policy toward blockchain-based technologies and digital...
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In New Report, FINRA Sees Potential Implications of Blockchain

The Financial Industry Regulatory Authority (FINRA) on Wednesday issued a report that discusses the use and implications of DLT in the securities industry. The paper also seeks comments as part of an effort to obtain feedback on any challenges...
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SWIFT Explores Use of Blockchain Tech to Improve Database Reconciliation

Global interbank messaging organization SWIFT said Thursday it is launching of a Proof of Concept (PoC) to explore whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro databases in real time,...
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IBM Watson Partners With FDA to Study Use of Blockchain Tech for Secure Exchange of Healthcare Data

IBM Watson Health said Wednesday it has signed a research initiative with the U.S. Food and Drug Administration (FDA) aimed at defining a secure, efficient and scalable exchange of health data using blockchain technology. IBM and the FDA will explore...
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DTCC Collaborates With IBM, AXIONI and R3 on Distributed Ledger Project

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, said Monday that it has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (DLT) framework...
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BNP Paribas Processes Its First Real-Time Blockchain Payments

France's BNP Paribas said Wednesday it has processed several live payments for two of its longstanding corporate clients, Amcor, a provider of packaging solutions and Panini Group, an international dealer in collectibles and trading cards. BNP Paribas successfully utilized blockchain technology to process...
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Fed Publishes Paper on Distributed Ledger Technology

The U.S. Federal Reserve has published a paper on distributed ledger technology titled, Distributed Ledger Technology in Payments, Clearing, and Settlement. The paper analyzes the growing popularity of digital finance, also referred to as fintech, with an emphasis on distributed...
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IBM Debuts Blockchian Ecosystem to Spur Network Growth on Hyperledger Fabric

IBM has affirmed it's faith in the ability of Blockchain to transform the way industries conduct business transactions. This will require a complete ecosystem of industry players working together, allowing businesses to benefit from the network effect of blockchain,...
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Sweden Contemplates Issuing e-kroner, National Cryptocurrency, in Two Years

The Central Bank of Sweden is contemplating the implementation of a national digital currency as a complementary service to counter a decline in the use of physical cash in the country. Cecilia Skingsley, the Deputy Governor of Riksbank, Sweden's central...
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Deloitte, Others Test use of Blockchain for Consumer Payments

SETL, a London-based fintech, Deloitte and Metro Bank said Tuesday they have tested a blockchain-based payment system. SETL provided a contactless smartcard enabled blockchain allowing digitised payments, Deloitte exercised its blockchain ID system known as Smart Identity and Metro...
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Singapore Collaborates With International Banks to Set Up Interbank Blockchain Network

The Monetary Authority of Singapore (MAS) said Wednesday that it is partnering with R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. The project could potentially avail...
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Chain, Visa’s Blockchain Collaborator, Open Sources Developer Platform

Chain, a provider of blockchain technology solutions, on Monday released Chain Core Developer Edition, a free and open source version of its distributed ledger platform that enables organizations to issue and transfer assets on permissioned blockchain networks. Visa recently said...
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Wells Fargo, Commonwealth Tout ‘First-Ever’ International Blockchain Trade

Commonwealth Bank of Australia (Commonwealth Bank), Wells Fargo and Brighann Cotton said Monday they have undertaken what they called “the first global trade transaction between two independent banks combining the emerging disruptive technologies of blockchain, smart contracts and Internet...
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Fintech: R3, Ripple Cooperate With 12 Banks to Test Blockchain-Inspired XRP for Cross-Border Payments

Financial innovation company R3 and twelve of its consortium member banks have trialed Ripple’s distributed financial technology and the potential for its digital asset to scale liquidity and reduce the costs and inefficiencies of interbank cross-border payments, the company...
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Eight Firms Complete Blockchain Implementation for Equity Swaps

Eight firms announced on Tuesday the successful test of blockchain technology and smart contracts to manage affirmations and post-trade lifecycle processing for OTC equity swaps. The initiative demonstrated the potential efficiency gains and cost savings attainable by processing complex post-trade...
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Terbium Labs, Skry Partner on Security for Blockchain Tech

Dark web data intelligence provider Terbium Labs and Skry, a leading blockchain analytics and intelligence company, said Wednesday they have partnered to help financial institutions, law enforcement and Bitcoin companies quickly detect fraud and investigate criminal activity on distributed...
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IBM Invests $200 Million in IoT, Blockchain

IBM on Monday unveiled a $200 million USD investment in the new global headquarters for its Watson Internet of Things (IoT) business in Munich. The company is exploring new IoT capabilities around Blockchain and security and an array of clients...
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Fatcom Raises $4.2 Million Series A Funding to Further Blockchain Projects

Texas-based Factom, Inc., a blockchain technology company that secures data via decentralization, said Wednesday that it has raised $4.2m in a Series A round of funding led by Tim Draper of Draper Associates. The Series A round of financing enables Factom...
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IBM Studies Show Blockchain Adoption in Banking and Finance Sectors Surpass Expectations

Two new IBM studies conducted by the IBM Institute for Business Value (IBV) show that commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected. The studies are: "Leading the Pack in Blockchain...
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Chamber of Digital Commerce, 1776 Open Blockchain Innovation Center in Washington, D.C.

The Chamber of Digital Commerce and technology incubator 1776 have partnered to launch the DC Blockchain Center to serve as Washington, DC’s entrepreneurial resource for technology providers and governments investing and innovating in blockchain-based technologies, the Chamber of Digital...
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Microsoft, Bank of America Partner to Incorporate Azure Blockchain as a Service in Trade Finance

Microsoft Corp. and Bank of America Merrill Lynch are collaborating on blockchain technology to fuel transformation of trade finance transacting. The two multinationals made the announcement Tuesday at Sibos, an annual conference organized by SWIFT for the financial industry. As part...
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Lawmakers Form Bipartisan Congressional Blockchain Caucus

A bipartisan group of lawmakers on Monday announced the creation of a Congressional Blockchain Caucus dedicated to the advancement of sound public policy toward cryptocurrencies and other blockchain-based technologies. “Blockchain technology has the potential to revolutionize the financial services industry,...
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IBM Also Joins the Blockchain Frenzy: Partners With China UnionPay

Not willing to be left out of the growing frenzy surrounding blockchain technology, IBM announced Friday that it is partnering with Chinese credit card company, China UnionPay to enable the sharing of loyalty bonus points among banks with the...
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Major Banks Explore Use of Blockchain Tech for Data Management

Seven buy-side and sell side firms, including AB (Alliance Bernstein), Citi, Credit Suisse and HSBC, announced Monday that they have collaborated with financial innovation companies R3 and Axoni to explore how blockchain technology could simplify reference data processes. Reference data...
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U.S. Judge Rules Bitcoin is Money

A federal judge issued a ruling on Monday, in the case of  affirming that Bitcoin qualifies as money. This decision is linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies, reports Reuters....
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BNP Paribas Expands Blockchain Platform to Issue Minibonds Via Crowdfunding

French multinational bank and financial services company, BNP Paribas Securities Services, said Monday it is expanding its blockchain platform for private stocks to help private companies issue minibonds via crowdfunding platforms. The bank is working in partnership with renewable energy...