Huawei, the company known for being one of China’s most successful smartphone manufacturers, announced this week the release of a blockchain-as-a-service platform.
Dubbed “Blockchain Cloud Service,” the platform came just after Huawei started working with Hyperledger on a blockchain benchmarking tool known as Caliper.
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The Hyperledger project has opened the doors of its bug bounty program to the public.
Hyperledger is an open-source project and hub for developers to work on blockchain technologies.
The Hyperledger infrastructure is being developed in order to support cross-industry uses of distributed ledger technologies, most commonly associated with the exchange of cryptocurrency.
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Telecommunications and smartphone provider Huawei has become the latest tech giant in China to launch a blockchain-as-a-service (BaaS) platform.
Announced at Huawei’s analyst conference in Shenzhen on Tuesday, the company’s new platform, dubbed Blockchain Service, is said to enable companies to develop smart contracts on top of a distributed ledger network for several use-case scenarios.
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The first commercial blockchain solution for proof of insurance is seeing the light of day.
Brokerage giant Marsh has unveiled the big news – it is developing the commercial proof of insurance solution, but not without the help of friends. Collaborating with IBM, ACORD, and ISN, Marsh is positive this will open the door to creating a network of networks to provide verification on an even wider scale.
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Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance.By using blockchain, or distributed ledger technology, Marsh said the certificate of insurance process will be transformed “from complicated and manual to streamlined and transparent, allowing clients to speed up necessary business functions such as hiring contractors and transferring risk while increasing coverage certainty.”
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Was 2017 the high-water mark of blockchain technology? Did we see the wave, which looked like an unstoppable torrent just a year earlier, crash and break against the walls of disillusionment? According to the oft-referenced Gartner Hype Cycle, blockchain is now in the “trough of despair”.
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Fintech firms, software makers, telecom providers and other businesses have joined forces develop a blockchain-based network that will enable anyone to exchange digital credentials online and without the risk of unintentionally exposing any private data.
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On this episode of The Third Web, we hear from Brian Behlendorf, the head of the Hyperledger project at the Linux Foundation, and leading figure in the open-source software movement.
Brian began developing open-source code during the mid-1990’s and was also the lead developer of Apache Web Server — one of the worlds most used pieces of software.
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A trio of Indian government-sanctioned companies built a blockchain network to ensure that if a borrower obtains a loan via one of them, the other two will be notified to avoid duplicate lending. It’s part of an exchange platform they created to bring lenders together with borrowers. The group built their blockchain network using the Linux Foundation’s open source Hyperledger Fabric.
It’s notable because the Hyperledger code is running in a production environment with three competing institutions all using the same blockchain network. It was built by Hyperledger member MonetaGo.
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After years of blockchain proofs of concept and pilots, Monetago has deployed an enterprise grade offering for multiple financial services organizations.
The production system, based on the Hyperledger Fabric, provides a common platform which is not controlled by any one financial institution. This enables participants securely and confidentially to share information in order to reduce fraud around receivables financing.
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