Newsletter: 1
In the news
Salesforce is entering into the blockchain business by launching a platform called Salesforce Blockchain. It is built on the open source Hyperledger technology and is expected to be more widely available in 2020. The differentiation appears to be on the minimally needed coding skills to build blockchain applications quickly. More info.
To avoid wine fraud, EY is developing a blockchain solution for Blockchain Wine Pte. Ltd to help consumers determine wine quality, authenticity and track supply chain in the wine industry. EY’s enterprise solution, OpsChain was used to build a platform for Blockchain Wine Pte. Ltd and it will utilize smart contracts to bring transparency to wine distribution. More info.
Facebook is planning to launch it’s own Cryptocurrency, GlobalCoin, in 2020 in about a dozen countries. Codenamed, Project Libra, it has been in the works with a blockchain team of over 30 people and it’s likely that Whatsapp, with ~1.5 billion users, will start supporting money transfer and Facebook Marketplace might also support the cryptocoin in addition to the conversations that Facebook is having with online merchants to accept the currency as payment in favor of lower transaction fees. More info.
Insurance companies are getting into the blockchain fray with State Farm and USAA to settle their insurance claim on blockchain. Their system is built using Quorum, private enterprise version of Ethereum created by JP Morgan Chase is in the testing phase and is expected to be rolled out by the end of next year in 2020. More info.
With less than 2.5% of transactions are done online in the aerospace industry, Honeywell is leveraging blockchain to speed up the aircraft parts sales. Online marketplace isn’t that innovative in this era but it’s not widespread in the aerospace. It aims to provide the ability to track, trace, and authenticate parts quicker with its online platform, which otherwise would take weeks of quotations and exchanging documents. More info.
While startups being the only companies that develops blockchain solutions were a thing of the past and with much larger companies all making their announcements in the Crypto space, the blockchain development skills are in high demand and it has grown over 33x over the previous year. Ethereum development studio ConsenSys has launched a blockchain “job kit” to help learn about the skills, industry, open jobs and a quick start guide. More info.
Reading
Would you recognize yourself from your data? More info.
Disclaimer: My posts, articles and opinions expressed here are strictly my own and do not express the views or opinions of my employer or others.
