Blockchain 

Alibaba Subsidiary Ant Financial Tests Its Enterprise Blockchain

The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform. According to local news outlet Sina Finance on Nov. 20, the senior director of technology and business innovation at Ant Financial, Jieli Li, announced the development at the World Blockchain Summit at Wuzhen. The firm’s plans to launch its own blockchain platform were first reported in September last year. During the event, Li said that the platform — dubbed Ant Blockchain Open Alliance — will go live three months after the testing period.…

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Blockchain 

Standard Chartered Banking Group Joins Ethereum Enterprise Alliance

International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA). In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets. Standard Chartered is latest EEA banking member “Technology enables us to facilitate trade and investment across our footprint markets, improving client experiences and offering new services,” Group Chief Information Officer, Dr. Michael Gorriz, commented. The EEA formed in March 2017 as a collaborative effort…

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Cryptocurrency 

Unveils Platform for Minting Enterprise

It goes without saying that the blockchain industry has come a long way over the last decade, and it is no wonder that an idea like that of blockchain tokens is finally taking concrete shape. In a new development that is going to cause waves in the crypto sphere, tech behemoth Microsoft announced that it is going to create a platform that is going to help create crypto tokens with ease. Microsoft has stated that creating crypto tokens is going to be made far easier through this platform, and it…

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Ethereum 

Enterprise Ethereum Alliance’s Reward Token System Backed by Microsoft, Intel

Microsoft and Intel are backing a new system of reward tokens created by the Enterprise Ethereum Alliance (EEA). EEA creates new reward token system The EEA, which sets standards for Ethereum-based blockchain applications in business, shared the developments in a statement with Cointelegraph on Oct. 7. The organization said that it has created a new system of reward tokens that has the support of both software giants. The EEA is a blockchain consortium with over 450 enterprise business members such as Microsoft, JPMorgan Chase, Santander, Accenture, ING, Intel and Cisco.…

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Blockchain 

Enterprise Ethereum Alliance Publishes on Blockchain Uses in Telecoms

The Enterprise Ethereum Alliance (EEA), an organization that aims to establish standards in the blockchain sector, has published a collection of use cases for blockchain in telecommunications. Blockchain solutions for telecoms The EEA shared the announcement with Cointelegraph on Aug. 28. According to the announcement, the new document on blockchain solutions in the telecom industry was created by the EEA Telecom Special Interest Group (SIG).  This document is free and open to the public, and reportedly contains information on how blockchain technology can streamline business transactions and internal operations in…

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Blockchain 

Google Cloud Partners With Enterprise Blockchain Platform Cypherium

Ubiquitous tech behemoth Google cloud wing is entering into another partnership with a blockchain platform, Cypherium.  Cypherium announced the new partnership in a press release shared with Cointelegraph on Aug. 13. Cypherium describes its product, Cypherium Enterprise, as an enterprise-focused blockchain platform with a focus on scalability and decentralization. As a result of this partnership, Google Cloud customers will have access to Cypherium’s blockchain solutions, as per the announcement. As per the press release, Cypherium purports to offer an enterprise blockchain that supports thousands of transactions per second, in addition…

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Blockchain 

The Enterprise Ethereum Alliance Launches the EEA Mainnet Initiative

The Enterprise Ethereum Alliance (EEA) is setting up a technical group working on collaboration between the mainnet and enterprises. The working group, called the EEA Mainnet Initiative, intends to accelerate and lead cooperation between the EEA’s enterprise and startup members, as well as those who work on the mainnet’s technology and interoperability solutions, according to a press release shared with Cointelegraph on Aug. 6. EEA Mainnet Initiative to work on interoperability and scalability solutions The Mainnet Initiative will seek to improve its knowledge about how public network components match the…

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Blockchain 

Ethereum Blockchain Solutions for Enterprise Business: Pros and Cons

Ethereum currently is known as the most popular public blockchain network for the development of decentralized applications (DApps) and smart contracts. Its prospective blockchain protocol is one of the few cryptocurrency projects actually achieving real-world adoption, with dozens of applications that can be divided into 11 major categories: open finance, decentralized exchanges, gaming, collectibles, marketplaces, developer tools, identity, governance, infrastructure, token-curated registries and Ethereum Request for Comments (ERC) token standards. Thus, it appears to be leading the field of enterprise blockchain solutions. Ethereum is contributing to the revolutionizing of the…

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Bitcoin 

Waves to Use Vostok as Utility Tokens for New Enterprise Blockchain Solution

Waves CEO Alexander Ivanov has announced a new department for enterprise projects that will be fueled by Vostok (VST) tokens.  According to a July 18 press release, Waves is opening a new company department called Waves Enterprise, which will employ a corporate blockchain solution of the same name. The Waves Enterprise solution is a management system for businesses that need to handle data sets containing private information. As per the report, VST tokens will be the utility token for Waves Enterprise, and will be exchanged for a variety of network-based…

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Ethereum 

Huobi Unveils ‘Finance Chain’ For Building Enterprise Blockchains

Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1. Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi services, according to the announcement. The joint initiative, provisionally called “Huobi Finance Chain,” is targeting enterprises, financial institutions, as well as exchanges, and is set to operate as a regulatory-compliant financial blockchain network. Specifically, Huobi is planning to enable regulators…

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