Blockchain 

Water Management Firm to Use Data Gumbo’s Services for Efficiency

Austin-based Antelope Water Management has announced that it is going to start using a blockchain platform developed by Data Gumbo.  The announcement appeared in a press release on Aug. 15. Antelope Water Management is a company that develops sustainability-focused water services for oil and gas extractions, while Data Gumbo provides blockchain services for the oil and gas industry.   According to the release, Data Gumbo’s blockchain network, GumboNet, will provide Antelope’s customers and vendors with data transparency, automatic contract executions and payments. Antelope CEO Dustin Brownlow remarked: “Data Gumbo is a…

Read More
Blockchain 

Alibaba Files US Patent for Blockchain Domain Name Management System

Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”  Alibaba filed its latest application on Aug. 15 in a continuation of an application filed in November 2018. According to the filing, Alibaba intends to patent a system that uses what they call a “unified blockchain domain name” (UBCDN) in order to denote and share information. In the system, Alibaba proposes to use a computing system to generate a UBCDN message which contains a blockchain domain name…

Read More
Blockchain 

US DOE Dedicates $1.05 Mil to Blockchain Energy Management Platform

The United States Department of Energy (DOE) has awarded a grant worth $1.05 million to organizations working to commercialize a blockchain-based energy transaction platform. From energy management to energy exchange The news comes from an August 9 press release shared by energy company ComEd, one of the grant’s four reported recipient organizations. The others are the University of Denver, Virginia Tech and BEM Controls, a company specializing in energy management software.  The new project is reportedly a continuation of BEM Controls’ existing DOE-funded work on software to enhance energy efficiency…

Read More
Blockchain 

IBM Launches New Blockchain Platform for Supplier Data Management

Tech giant IBM and blockchain company Chainyard have jointly developed a new blockchain network for supply chain management. IBM announced the platform in a press release shared with Cointelegraph on Aug. 5. Alongside IBM, the Trust Your Supplier network’s founding members are also American brewing company Anheuser-Busch InBev, tech companies Cisco, Lenovo, Nokia, Schneider Electric, British pharmaceutical company GlaxoSmithKline and telecoms company Vodafone. The product is built on the IBM Blockchain Platform and aims to eliminate manual time-consuming processes and help reduce the risk of fraud and errors. Per the…

Read More
Bitcoin 

Wasabi’s CoinJoin Management Lacks Privacy

The official Samourai Wallet Telegram account raised concerns over the alleged lack of privacy ensured by the CoinJoin implementation of competing wallet Wasabi on July 18.  According to Samourai Wallet, Wasabi wallet CoinJoin transactions are often not as private as they are purported to be. The company pointed out: “With Wasabi if you are mixing 10 BTC [Bitcoin], I can trivially track that 10 BTC as it is peeled down into smaller UTXOS (unspent funds). […] Additionally Wasabi outputs are in the order in which they are registered, allowing you…

Read More
Ethereum 

Overstock Subsidiary and Tokenization Firm tZERO Announces New Management

The blockchain-based subsidiary of retail giant Overstock,  tZERO, has appointed three new managers. The company announced the new hires in a press release on July 17. According to the announcement, new appointees Brooke Navarro, Michael Mougias and Alexandra Sotiropoulos have been official managers since July 15. TZero states that these new executives are the firms head of issuance, head of investor relations and head of communications, respectively. The CEO of tZERO, Saum Noursalehi, remarked on the intended role for these new hires, saying: “On the issuance front, Brooke will drive…

Read More
Ethereum 

Grayscale Investments Report Assets Under Management of $2.7B

Digital asset management fund Grayscale Investments has recorded an all-time high volume of assets under management of $2.7 billion. Per a Digital Asset Investment Report on Q2 2019 that Grayscale shared with Cointelegraph on July 16, the firm counted over $2.7 billion in assets under management as of July 15, 2019. The figure thus marks a near tripling of assets under management by the company since the preceding quarter. Grayscale’s overall performance in Q2 Grayscale stated in the report that total investments into its single-asset and diversified investment products in…

Read More
Bitcoin 

Digital Tech Is Driving Growth in Transportation Management Systems

A recent market report by Grand View Research suggests that blockchain is one of the digital technologies driving market growth in the global transportation management systems (TMS) sector, according to a press release on July 11. According to Grand View Research, a market research company based in San Francisco, the TMS market is expected to reach $198.82 billion by 2025 with a compound annual growth rate of 16.2%. A number of digital technologies are credited as driving forces for current and projected TMS market growth alongside blockchain, including Artificial Intelligence…

Read More
Blockchain 

Binance Funds Blockchain-Based Customer Relationship Management Network

Binance Labs, the blockchain incubation initiative run by Binance, has provided the blockchain-based customer relationship management (CRM) Cere Network with strategic funding, according to a press release shared with Cointelegraph on July 3. Binance Labs announced that Cere Network would be graduating from the Season II cohort of its incubation program on June 5. On July 3, Cere Network announced that it is receiving funding from Binance Labs, Arrington XRP Capital, and NEO Global Capital. The Cere Network purportedly uses a “decentralized system” integrated with a blockchain to store customer…

Read More
Blockchain 

Major Korean Bank Signs MoU With Atomics Lab to Explore Crypto Asset Management

Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomics Lab to jointly explore digital asset management and protection solutions. The news was reported by local business news portal Business Korea on June 11. The MoU — signed yesterday, June 10, in Seoul — establishes that the two partners will focus on digital asset market growth and new crypto-related businesses. According to Business Korea, Atomics Labs is a firm specializing in blockchain development for the financial sector, and has been developing…

Read More