Enterprise

Former ConsenSys employees raises dust over 2020 Deal

Blockchain software company ConsenSys AG (CAG) is set to be audited after 35 of its former employees made a request yesterday, according to a new report. The post Former ConsenSys employees raises dust over 2020 Deal appeared first on CryptoSlate.

IBM opens Hyperledger Fabric source code to drive enterprise blockchain adoption

IBM shows its commitment to Hyperledger and enterprise blockchain development with its largest-ever contribution of open-source code. The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate. For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption

IBM contributes blockchain platform code to Hyperledger to drive enterprise blockchain adoption

IBM shows its commitment to Hyperledger and enterprise blockchain development with its largest-ever contribution of open-source code. The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate. For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption

As Microsoft Azure closes shop, ConsenSys Quorum opens up to new users

Could the migration from Microsoft’s Azure Blockchain to ConsenSys’ Quorum Blockchain Service be good news? Is this where the enterprise blockchain industry is heading? Just as the cryptocurrency sector is constantly changing and evolving, the enterprise blockchain industry has been undergoing its fair share of developments lately. Most recently, enterprise blockchain solutions are shifting from private, closed networks to public, open systems. This has largely been made poss

Proposed New York tower to allow ‘wireless’ crypto trading, host NFTs

Todd Morley, Overline chairman and co-founder of financial-services giant Guggenheim Partners is building a blockchain tower in New York, as per a report on Business Insider today. The post Proposed New York tower to allow ‘wireless’ crypto trading, host NFTs appeared first on CryptoSlate.

Microsoft quietly closing down Azure blockchain in September

Microsoft is closing its Azure Blockchain Service, giving existing customers just four months to transition to new service providers. Microsoft is turning off its corporate Azure Blockchain Service on September 10 and will not accept any new deployments effective immediately, with no official explanation provided.Large corporate customers who use Azure Blockchain include J.P. Morgan, GE Aviation, Singapore Airlines, Starbucks, and Xbox according to its website.The announcemen

Deep tech: Why C-suite execs are pursuing blockchain

Blockchain and cryptocurrency are among the top priorities of enterprises pursuing deep tech solutions, a new survey reveals. Blockchain is seen as a major area of interest by enterprises looking to invest in deep tech solutions, a new report suggests. An industry-wide survey conducted by quantum computing firm Seeqc revealed that 67% of executive decision-makers feared falling behind competitors when it comes to emerging technologies. With this in mind, 57% of large enterpri

How Constellation is perfecting blockchain onboarding for big enterprise

While large enterprise adoption might be one of the least sexy topics in the fast-moving world of crypto and blockchain, it just might be the most important catalyst to a futuristic reality where everyone and everything is being recorded on a distributed ledger. The post How Constellation is perfecting blockchain onboarding for big enterprise appeared first on CryptoSlate.

IBM is turning patents into NFTs—says it’s a future ‘trillion-plus dollar market’

Tech giant IBM and intellectual property specialists at IPwe yesterday revealed the IPwe Platform and the Global Patent Marketplace, a blockchain-based platform that would allow tokenizing and trading patents in the form of non-fungible tokens (NFTs). The post IBM is turning patents into NFTs—says it’s a future ‘trillion-plus dollar market’ appeared first on CryptoSlate.

Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” event sheds light on Bitcoin’s role as an investment tool, along with the future of stablecoins. If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives from Visa, JPMorgan an

Enterprise blockchain solutions rally as businesses get hip to crypto

XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction. The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis. As more companies and organizations explore what

Mapping out Algorand’s ecosystem

Quick Take Algorand is a public blockchain network that intends to provide a highly scalable platform for decentralized applications and financial solutions The Banking & Payments category is one of the largest verticals that currently makes up Algorand’s ecosystem, including popular stablecoins like USDC and CBDC initiatives such as the Marshal lslands’ plans to launch its national digital currency on Algorand In total, The Block has identified 97 projects and companies across 17 different ver

Layer-two scaling solutions solve enterprises’ public blockchain challenges

Will layer-two scaling solutions solve all the challenges that enterprises face with public blockchains? At the end of 2019, research firm Forrester and Big Four firm Ernst & Young, or EY, published a report surveying the adoption of public blockchains by enterprises. Findings revealed that 75% of respondents were likely to use a public blockchain in the future.Although this was the case, the report also found that most enterprises were still using private blockchains to ensu

Staking app support tops 700% weekly gains for new cryptocurrency top 100 entrant

The Orbs token burst into the market cap top one hundred after 75% overnight growth compounded 700% gains for the week. A new entrant climbed into the cryptocurrency market cap top 100 on March 16, after a 75% overnight surge compounded 700% weekly growth for blockchain enterprise project Orbs (ORBS).One day previously, Orbs had been announced as the latest addition to Moonstake’s staking wallet, which returns interest to users who stake their cryptocurrencies. The partnershi

Staking app support adds to 700% weekly gains for new cryptocurrency top 100 entrant

The Orbs token burst into the market cap top 100 after 75% overnight growth compounded 700% gains for the week. A new entrant climbed into the top 100 cryptocurrencies by market capitalization on Tuesday, after a 75% overnight surge compounded 700% weekly growth for blockchain enterprise project Orbs.The day prior, the project's ORBS token had been announced as the latest addition to Moonstake’s staking wallet, which returns interest to users who stake their cryptocurrencies.

Apple Pay integration and Staking 3.0 launch push COTI price to a new high

COTI price hit a new all-time high following the roll-out of Staking 3.0 and a Simplex integration that allows Apple Pay users to purchase the token. As big-name payment processors like Visa and Mastercard increasingly integrate blockchain technology into their payment rails, decentralized platforms offering the best solutions to issues like scalability and fast transaction times are gaining traction. COTI is one such platform that has been gaining momentum in recent weeks af

Volkswagen pilots blockchain to integrate electric vehicles with power grids

Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles. Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile manufacturers are aiming to change this by stopping sales of gasoline-powered cars. At the end of

French utility giant pursues carbon neutrality as Hedera node operator

Hedera's proof-of-stake network will act as an energy-efficient foundation for Électricité de France's ongoing mission to become carbon neutral. French utility giant Électricité de France has joined the Hedera Governing Council as a node operator. EDF, which is among the top five global utility firms, represents the first from its industry to join the council and will use the technology as part of its aim to achieve carbon neutrality by 2050. The Hedera network is a public, e

Oracle wants to bring blockchain to the masses through a crypto-secure data offering

Could Oracle’s crypto-secure data offering be the new way enterprises leverage blockchain moving forward? While blockchain is known for bringing trust and transparency to multi-party workflows, it can also ensure the immutability of business-critical data. Realizing this potential, technology giant Oracle has announced a crypto-secure data management offering that will be provided as a free feature for Oracle converged database users. Juan Loaiza, executive vice president, Mi

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Utah-based crypto startup TaxBit has raised over $100 million in its Series A round, according to a Forbes report published on Tuesday.  The post Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more appeared first on The Block.