Blockchain for Retail: Use Cases and Potential Applications

Cryptocurrencies have gone a long way since the day when, nine years ago, Laszlo Hanyecz had paid 10,000 bitcoins for two large Papa John’s pizzas, marking the first purchase of tangible goods for digital money. Although bitcoin is still far from being universally accepted by retailers, thousands of merchants around the world are taking crypto in exchange for goods — and […]

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Salesforce Launches Debut Blockchain Product for Business

On May 29, Salesforce revealed its local blockchain solution developed on the Hyperledger Sawtooth platform. The company’s executives made this announcement at the firm’s tech conference, TrailheaDX. The new product goes by the name Salesforce Blockchain. It is further described as a low-code platform that extends the power of client relations management (CRM). According to an official statement, the solution […]

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Curated blockchain and cryptocurrency news – Week 40

CryptoNews brings you another week of curated cryptocurrency and blockchain news for your ease of reading. Every week we publish a list of carefully selected and analyzed stories that are, in our eyes, important to the evolution of the blockchain ecosystem. Not everything makes it on that list, so we encourage our community to share their personal favorite stories with […]

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IBM to Apply Blockchain Tech to Lenovo’s Data Centers

American global tech giant IBM signed a new agreement with Chinese PC maker Lenovo to apply blockchain in Lenovo’s customer service, according to a press release on April 25. IBM, а top global developer of blockchain patents after Alibaba, will apply blockchain technology in the customer service processes at Lenovo’s Data Center Group. Specifically, Lenovo will use blockchain tech to […]

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IBM is Working on a Hardware Implementation for Blockchain Technology

Following the news from Microsoft, one of their main competitors IBM has also applied for a patent called “Node characterization in a blockchain,” which hosts a method for extracting information on a blockchain about a node. The patent comes from an Indian team employed by IBM, and is due to the work of: Bhavani K. Eshwar Subramanian B. Manjunath Soma S. Naganna […]

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Volkswagen Joins IBM-Backed Blockchain Platform for Cobalt Supply Chains

Volkswagen is joining a blockchain-powered scheme to ensure the cobalt used in lithium-ion batteries for its electric vehicles is responsibly sourced. The carmaker announced its involvement in a news release on April 18. The German-headquartered company hopes the technology, built on the IBM Blockchain Platform, will “increase efficiency, sustainability and transparency in global mineral supply chains.” In smartphones to cars, […]

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IBM quarterly revenue misses estimates on weak cloud, services demand

(Reuters) – International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best. Shares of the company fell about 2.85 percent to $141 in trading after the bell. Under Ginni Rommetty’s stewardship, the company has shed many […]

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IBM Unfurls Cross-Border Payment Network

The system that supports international transactions is years behind the times. Can IBM’s World Wire catapult us into the present? On Monday, March 18, technology giant IBM announced that its new cross-border payments network, intended to clear and settle foreign exchange transactions in seconds instead of days or weeks, is widely available. The pilot phase of the new payment network, […]

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