BMW’s Blockchain Solution Launching / China’s National Blockchain Live in April / Hitachi Solutions Developing DApps
April 8, 2020
This week in the landscape, BMW announced the launch of its blockchain-powered Supply Chain Management (SCM) solution with ten suppliers coming this year. China is expected to launch its national blockchain platform, Blockchain Service Network (BSN), later this month [April]. Hitachi Solutions has collaborated with Consensys to streamline the development of decentralized applications (DApp). BLOCKDATA provides us an in-depth look at the products being built by Forbes Blockchain 50. China’s second-largest courier, SF-Express, is using blockchain to deliver key supplies amid pandemic. Binance is set to acquire CoinMarketCap, a deal could be worth as much as $400 million. General Motors (GM) applies for a decentralized blockchain map patent. Nestlé partners with Rainforest Alliance to trace coffee beans. Blockstack files a patent for the process behind its single sign-on for every DApp system, Blockstack Auth. Plus we have insights on venture capital in the blockchain landscape, stablecoins along with digital currencies rise to the occasion, A bitcoin bastion for the wild west with Caitlin Long, product launches, and MaxDapp, and much more. Have a great week! Enjoy!
BONUS: I recently released the latest Q1 2020 edition of my Blockchain Landscape Map (included below for download) that provides an overview of the industry highlighting over 900 global companies, venture funds, and working groups. If this is the first version you’ve seen of the landscape, consider it your guiding roadmap to further navigate the industry. Get it here in Hi-Res for free!
BMW Group has announced the planned rollout of its blockchain-powered Supply Chain Management (SCM) solution with first focus on ten suppliers this year. Dubbed “PartChain,” the platform is designed to ensure traceability and immediate data transparency for automobile components across complex supply chains that engage multiple international parties. The company intends to share the PartChain solution with other members of the Mobility Open Blockchain Initiative (MOBI)…read more
Following China’s digitization endeavors, the national blockchain infrastructure for businesses and individuals is expected to go live next month. The platform ‘Blockchain Service Network (BSN)’ is a trans-regional public infrastructure network that will provide SMEs with a cheaper alternative to building their systems from the ground up. China’s broader blockchain plan is focused on using blockchain for the needs of the government. Over the last year, the country adopted blockchain to monitor international border crossings, deal with invoices to fight tax fraud, and facilitate loans to SME’s…read more
Hitachi Solutions has collaborated with Consensys to streamline the development of decentralized applications, enabling trust-less and secure transactions with PegaSys Plus. The aim is to bring enterprise Ethereum client Hyperledger Besu to the Japanese market through a reseller agreement, which will support both Ethereum mainnet and private permissioned chains with few additional features designed to manage clients in a better manner…read more
The team at BLOCKDATA is back with a deeper dive into the data behind Forbes Blockchain 50 list. Turns out that most popular use cases were in two categories: traceability & provenance; and payments & settlements. The team goes one layer deeper to show you that the Forbes 50 companies were building in each of these areas.…read more and check out more by BLOCKDATA
Q1 2020 has seen more equity raises in the blockchain ecosystem than any previous first quarters. A large part of the reason for that massive $686 million figure is the $300 million that Bakkt alone raised recently. Discounting that, we would be around ~386 million. The same levels of Q1 2018. This is interesting because Q1 2019 came after…read more
Centralized exchanges can benefit from launching their own blockchain in a number of ways. With its own blockchain, an exchange can launch its own tokens, vet token projects and build out an ecosystem. Exchanges get to devour the value chain of a token economy, getting rid of their reliance on public blockchains such as Ethereum, and providing end-to-end service to customers…read more
China’s 2nd-Largest Courier ‘SF Express’ is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic. The company is combining blockchain with big data to construct a logistics network that supports the tracking, verification, and accurate recording of goods while identifying supply priority levels as well as mitigate the risks of counterfeit or unlicensed products being distributed to regions…read more
The Nigerian Ministry of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, has partnered with IBM to commence and provide options for digital training for Nigerians through the IBM Digital Nation Africa program within the comfort of their homes. Through the program, the Ministry will be providing Nigerians with over 280 hours of free learning and 85 courses on crucial emerging technologies like, Blockchain; Artificial Intelligence; Big Data; and Cloud Computing. The program is considered to be in line with the Digital Nigeria Program launched by President Muhammadu Buhari on March 19th…read more
ILCoin project has successfully tested the largest block size of 5 gigabytes, which will eliminate the congestion issue, on a live blockchain network “ILCoin Block Explorer,” under number 310280. The company made it possible through the routing in fat trees protocol, known as RIFT, which enabled the block size to increase without impacting transaction speeds. The company is aiming for a Decentralized Cloud Blockchain (DCB), which allows data storage and data exchange to be realized on a transparent basis, “forming a transparent unity of ownership and permanence.”…read more
More For Your Week:
DApps (Decentralized Apps) Watch
Blockstack has filed a patent for the process behind its single sign-on for every DApp system, Blockstack Auth. The patent is aimed at providing a method for cryptographically signing into DApps with a single digital identity without requiring a third party to authenticate, which is functionally similar to Google and Facebook’s massively popular one-click sign-in processes. But the granting, Blockstack’s first, gives legal clout to the Public Benefit Corporation’s universal login tool for the decentralized web. It also prompts thorny questions about partitioning off ideas in space, and by a company that claims to put open-source at the “heart of everything we do.”…read more
Balancer, a non-custodial portfolio manager and liquidity provider, today announced the launch of its token exchange and pool management dapps. Though Balancer can be compared to several existing products, its entry into the DeFi marketplace is nonetheless notable because it turns several traditional portfolio management concepts on their head.…read more
🎙️ State of the Blockchain Industry Q1 2020:
Available now, download your hi-res copy of the Q1 2020 edition of the Blockchain Landscape Map. This is now the fifth edition of the landscape I’ve released and includes 747 companies (900+ total unique companies including broader key Ecosystem players) and more than $22 bn in funding raised across the landscape from 2010–2020 — over $18 bn invested since 2017! — Noticeable cycles emerging and full breakdown available.
A full 60 min video overview of the landscape is now available here and free for all. In the video, I breakdown the 2020 landscape, provide a summary of 2019, emerging trends for 2020, DeFi, Libra, CDBCs, Stablecoins, DApps, and more!
👉 Download the NEW Blockchain for Infrastructure Landscape Q1 2020 edition for insights on DeFi, DApps, Infrastructure, Digital Currencies, and more!
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