Canada releases the first glow-in-the-dark coin into circulation

  • A new glow-in-the-dark coin is the first of its kind entered into circulation, according to the Royal Canadian Mint.
  • The mint has struck a number of special edition glow-in-the-dark coins in the past, but the new toonie is the first to be put in circulation.
  • A collectors’ coin featuring the red-and-white national flag set against glow-in-the-dark exploding fireworks is also being sold in celebration of the Canadian sesquicentennial.
  • “The mint has a long history of innovation in the coin business,” said mint spokesman Alex Reeves.
  • With the release this month of the glow-in-the-dark anniversary coin, the mint can claim another first.

The CA$2 “toonie,” the first of its kind to be entered in circulation, is released to commemorate Canada’s 150th anniversary.
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Banks’ blockchain consortium picks IBM for trade finance platform

Banks' blockchain consortium picks IBM for trade finance platform

  • REUTERS/Alessandro Garofalo

    PARIS (Reuters) – Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

  • Trade finance was identified by a survey of banks carried out by IBM and the Economist Intelligence Unit last year as one of the top areas where blockchain – the underlying technology behind bitcoin – could have an impact.
  • This contrasts with the present process – trade finance transactions typically involve a complicated paper trail that requires international courier services, is vulnerable to document fraud, and can take as long as a month to be completed.
  • “What we will have is a platform to bring buyers and sellers together and to make trade transactions very transparent from… the moment that a purchase order is issued up until payment,” said Hubert Bdenoot, general manager for trade finance at KBC, one of the banks in the consortium.
  • The “Digital Trade Chain Consortium”, which also includes Societe Generale, Natixis, Rabobank and Unicredit, is aiming for the platform to be up-and-running and available for SMEs to use by the end of the year.

Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies. Trade finance was identified by a survey of banks carried out by IBM and the Economist
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Blockchain set to disrupt aviation within 2 years claims Accenture

  • Consultants in the aerospace industry are backing blockchain technology to drive down the huge cost of plane maintenance.
  • Blockchain has been described as a single ledger that can record information from several different parties and then allows users to access a single record of information.
  • Schmidt uses engine maintenance as an example of how airlines can avoid carrying out wasteful work.
  • “Blockchain is in effect a single federated ledger that everybody who uses and touches that engine could use it as a single point of truth of what has happened to the engine,” he explained.
  • Schmidt said that with blockchain data, engineers who may have never worked on the plane will know precisely the configuration, parts list, and usage data.

After finance, the aerospace industry is now being tipped for a blockchain revolution.
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Seven Major European Banks Select IBM to Bring Blockchain-Based Trade Finance to Small and Medium Enterprises

Seven Major European Banks Select IBM to Bring #blockchain-Based Trade Finance to Small and

  • — Blockchain network designed to help make domestic and cross-border commerce easier

    ARMONK, N.Y., June 26, 2017 /PRNewswire/ — IBM (NYSE: IBM) today announced that it has been selected by a consortium of seven of Europe’s largest banks to build and host a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric.

  • Through a global competitive bidding process, IBM was selected by the Digital Trade Chain Consortium which consists of Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit.
  • “To make the Digital Trade Chain network a reality and enable it to serve potentially thousands of the consortium’s banking clients, we turned to IBM in enterprise blockchain to help us quickly bring this highly scalable system into production,” said Rudi Peeters, CIO, KBC on behalf of the Consortium.
  • “By addressing the SME market, which faces challenges in data sharing and access to capital, the Digital Trade Chain Consortium is pioneering a unique blockchain solution with the potential for widespread impact.”
  • The Digital Trade Chain network will be built on Hyperledger Fabric v1.0.0, an open source blockchain framework and one of the five Hyperledger projects hosted by The Linux Foundation, and hosted on the IBM Cloud.

ARMONK, N.Y., June 26, 2017 /PRNewswire/ — IBM (NYSE: IBM) today announced that it has been selected by a consortium of seven of Europe’s largest banks to build and host a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric. The platform is designed to simplify and
Continue reading “Seven Major European Banks Select IBM to Bring Blockchain-Based Trade Finance to Small and Medium Enterprises”

Blockchain set to disrupt aviation within 2 years claims Accenture

Blockchain set to disrupt aviation within 2 years claims Accenture

  • Consultants in the aerospace industry are backing blockchain technology to drive down the huge cost of plane maintenance.
  • Blockchain has been described as a single ledger that can record information from several different parties and then allows users to access a single record of information.
  • Schmidt uses engine maintenance as an example of how airlines can avoid carrying out wasteful work.
  • “Blockchain is in effect a single federated ledger that everybody who uses and touches that engine could use it as a single point of truth of what has happened to the engine,” he explained.
  • Schmidt said that with blockchain data, engineers who may have never worked on the plane will know precisely the configuration, parts list, and usage data.

After finance, the aerospace industry is now being tipped for a blockchain revolution.
Continue reading “Blockchain set to disrupt aviation within 2 years claims Accenture”

The 8 best cycling innovations: from dockless bikes to solid tyres

  • Some lights, pioneered in Brabant in the Netherlands and introduced in Copenhagen last week, measure the congestion on bike paths and suggest alternate faster routes for cyclists.
  • Cyclists are already allowed to turn right on red at most junctions, but last year an experiment was tried in 10 intersections in Paris and 20 in the town of Sceaux, just to the south-west of the city.
  • At these junctions a cyclist effectively has a permanent amber light – they must give way to pedestrians and crossing traffic, but may then cross during a red light, getting safely out of the way of accelerating and turning motor vehicles, two of the major causes of crashes.
  • Meanwhile, last autumn the city of Amsterdam decided to run an experiment on a notorious junction at Alexanderplein, where several tram routes, bike paths and roads intersected.
  • Cities including Glasgow, Reykjavik and Brisbane have used data from cycle tracking app Strava, while Austrian startup Bike Citizens both guides riders on the best routes through cities and collects data on routes, speeds and problems which local authorities can then use to inform and improve bicycle networks.

Smart traffic lights, bike paths in high-rises and paying people to cycle are among the trends that stood out at the recent Velo-City 2017 conference
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Ex-Barclays chief says banking could face its own ‘Kodak moment’; urges banks to embrace fintech solutions

  • The former chief executive officer of Barclays has warned that banks could be faced with their own “Kodak moment” by falling into irrelevance if they fail to keep up with the pace of rapidly developing fintech technologies.
  • Antony Jenkins, who was the group CEO of Barclays from 2012 until he was sacked in 2015, said that the opportunities produced by digital ledger technologies such as blockchain could result in efficiency savings of between $80 billion-$110 billion.
  • But he also warned that banks which failed to keep up with the pace of such technology could be faced with an existential crisis.

The former CEO of Barclays has warned that banks could be faced with their own “Kodak moment” if they fail to keep up with the pace of rapidly developing fintech technologies.
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