Why Microsoft is building a Bitcoin-based ID verification system

Credit to Author: Lucas Mearian| Date: Tue, 14 May 2019 03:00:00 -0700

After more than a year in development, Microsoft has chosen Bitcoin as the blockchain platform for a decentralized identification (DID) verification system that will allow users to have secure access to an online persona via an encrypted database hub.

The implications of the new ID network could include the elimination of passwords. A company would be able to verify the background of a new employee and onboard them with the click of a single virtual button, or a banking customer could verify their identity for a loan without exposing personally identifiable information – again with a click of a button.

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Why wearables, health records and clinical trials need a blockchain injection

Credit to Author: Lucas Mearian| Date: Mon, 29 Apr 2019 03:00:00 -0700

TORONTO – The opportunity exists in healthcare to hand over control of medical records to patients who can choose not only what info providers can see but what personal data gets added to records via wearables, genomics and even lifestyle choices.

And once patients begin accumulating more data about themselves in personal health records (PHRs), they can opt to anonymize that information and sell it to researchers, vastly expanding the pool of information available for clinical studies.

Because no data is as sensitive as a medical record, being able to assure its security and immutability through blockchain encryption represents a unique opportunity to “repatriate” and “monetize” that record for the patient, according to Dr. Eric Hoskins, chair of Canada’s Federal Advisory Council on the Implementation of National Pharmacare.

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Towards a Tailored, Connected and Sustainable Supply Chain

Credit to Author: Divya Seethapathy| Date: Wed, 24 Apr 2019 05:10:34 +0000

The 4th Industrial revolution is taking hold. Technology start-ups are disrupting traditional business models. We are living in a VUCA world where technology is evolving by the second, smartphones are… Read more »

The post Towards a Tailored, Connected and Sustainable Supply Chain appeared first on Schneider Electric Blog.

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FedEx CIO: It’s time to mandate blockchain for international shipping

Credit to Author: Lucas Mearian| Date: Thu, 25 Apr 2019 10:26:00 -0700

TORONTO — When railroad tracks were first laid across the western U.S., there were eight different gauges all competing to dominate the industry – making a nationwide, unified rail system impossible; it took an act of Congress in 1863 to force the adoption of an industry standard gauge of 4-ft., 8-1⁄2 inches.

FedEx CIO Rob Carter believes the same kind of thing needs to happen for blockchain to achieve widespread enterprise adoption.

While the promise of blockchain to create a more efficient, secure and open platform for ecommerce can be realized using a proprietary platform, it won’t be a global solution for whole industries now hampered by a myriad of technical and regulatory hurdles. Instead, a platform based on open-source software and industry standards will be needed to ensure process transparency and no one entity profits from the technology over others.

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Towards a Tailored, Connected, Sustainable Supply Chain

Credit to Author: Divya Seethapathy| Date: Wed, 24 Apr 2019 05:10:34 +0000

The 4th Industrial revolution is taking hold. Technology start-ups are disrupting traditional business models. We are living in a VUCA world where technology is evolving by the second, smartphones are… Read more »

The post Towards a Tailored, Connected, Sustainable Supply Chain appeared first on Schneider Electric Blog.

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Google, Hyperledger launch online identity management tools

Credit to Author: Lucas Mearian| Date: Mon, 15 Apr 2019 03:00:00 -0700

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With its Apple Card, Apple edges further into financial services

Credit to Author: Lucas Mearian| Date: Fri, 29 Mar 2019 03:00:00 -0700

Apple’s Monday announcement of a credit card – the Apple Card – represented a natural progression of the company’s journey into financial services that began with the Apple Wallet app and its contactless digital payment service, Apple Pay.

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The Apple Card, as described by the company this week, will offer users some attractive features: up to 3% cash back on daily purchases, no late or international transaction fees, and a physical chipped card make of titanium (sans any credit card numbers – just your name and an Apple symbol).

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How blockchain is becoming the 5G of the payment industry

Credit to Author: Lucas Mearian| Date: Mon, 25 Mar 2019 03:00:00 -0700

As more blockchain-based payment networks and fiat-backed digital currencies – including one from the largest U.S. bank – emerge, experts and analysts are predicting a sea change for the financial services industry.

“I think you’re starting to see a growing consensus,” said Matt Savare, a partner who works in the technology group of New Jersey-based law firm of Lowenstein Sandler LLP. “I do quite a bit of FinTech and I can tell you my clients… the banks, are inherently conservative – at least the large ones. But once they see other banks adopt new technologies, you see it snowball. Other banks will often join on in pretty quick fashion.”

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How blockchain is becomming the 5G of the payment industry

Credit to Author: Lucas Mearian| Date: Mon, 25 Mar 2019 03:00:00 -0700

As more blockchain-based payment networks and fiat-backed digital currencies – including one from the largest U.S. bank – emerge, experts and analysts are predicting a sea change for the financial services industry.

“I think you’re starting to see a growing consensus,” said Matt Savare, a partner who works in the technology group of New Jersey-based law firm of Lowenstein Sandler LLP. “I do quite a bit of FinTech and I can tell you my clients… the banks, are inherently conservative – at least the large ones. But once they see other banks adopt new technologies, you see it snowball. Other banks will often join on in pretty quick fashion.”

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CIOs, you’re doing blockchain wrong

Credit to Author: Lucas Mearian| Date: Fri, 15 Feb 2019 03:00:00 -0800

IT leaders who’ve taken the plunge into blockchain are mainly deploying it in proofs-of-concept tests to address the same problems a conventional database could handle, according to research firm Gartner.

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(Insider Story)

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