BLOCKCHAIN NEWS – 29/11 /2018:
2. Amazon: Amazon has been steering clear from the technology but today dives into the blockchain pool after key patents were granted. Amazon Web Services (AWS) announced two blockchain products, QLDB – Amazon Quantum Ledger Database and Amazon Managed Blockchain. Amazon Managed Blockchain is described to be “a fully managed service that makes it easy to create and manage scalable blockchain networks.”
3. Hong Kong port has signed a major deal with Maersk blockchain, which will allow them to speed up customs clearance and will allow to manage the freight based on smart contracts technology.
4. Telecommunication: Telefonica, one of the world’ largest telephone and mobile network providers, who also owns 02 in UK and Brazil and Vivo in Brazil, and has total assets worth €120 Billion, has collaborated with IBM Collaborate to Apply Blockchain to Streamline Telco Processes. The statement issued states “The power of blockchain is applicable to the telecommunications business, which participates in an eco-system with a large network of disparate organizations. Blockchain establishes a shared, immutable record of all the transactions that take place within a network and then enables permissioned parties access to trusted data in real time. By applying the technology to end-to-end telco processes, a new form of command and consent can be introduced into the flow of information that enables significant gains in efficiency and trust. By allowing participating members secure and authorized access to necessary details, blockchain also delivers enhanced privacy and confidentiality”.
5. Sharia meets Blockchain: Sharia compliant bond based on blockchain distributed ledger was used for a first time by an Abu Dhabi bank, to settle a portion of $500 million trade.
6. Shell: British – Dutch oil and gas company, has been quite active in embracing the blockchain technology, they have invested in various start-ups and recently they also collaborated with rivals BP to launch a trading house called “Vakt” which aims to get rid of paperwork and using smart contracts in various aspects to enhance productivity. Shell’s CTO response after investing in a London based start-up, Applied Blockchain, “Blockchain applications have huge potential to shake up how we do things in the energy industry from streamlining process, to simplifying how we work with our suppliers and serve our customers. Investing in Applied Blockchain is part of our commitment to use digitalization to create value in our core business and develop new business models.”