BlackRock, the world’s largest asset manager, has assembled a team to begin evaluating different blockchain and cryptocurrency companies. This bodes well for the blockchain industry as BlackRock holds $6.3 trillion in assets and could therefore inspire future investment in blockchain. As many different use cases of blockchain roll out into the news, asset managers see the value of this growing industry and will want to invest. Learn more here!
Deloitte, the largest professional services network in the world and a leading consulting firm, has chosen Dublin as the center for its blockchain initiative. In this video, some of Deloitte’s blockchain leaders discuss the promising future of blockchain and how the technology will help the financial services industry.
Originally intended for the digital currency bitcoin, blockchain is now taking over the tech community. As a public ledger for recording currency transactions, people from various industries are finding practical uses for this innovative database. However, a lot of folks are still asking the question: What is blockchain? Fortunately, you do not need a full understanding of blockchain to use it, but this visual guide can help users understand why this technology has been so successful. Check it out here!
Dubai’s government has been one of the first to create a blockchain implementation plan, hoping to use the decentralized system to:
- secure health records
- more effectively trade finance with smart contracts
- boost tourism
- increase trade efficiency, particularly for illiquid assets
- streamline ID verification
The city also plans to roll out a city-wide pilot, integrating blockchain into every aspect of government operations. Read more about the “smart city” here from IBM, Dubai’s lead strategic partner.
Read more from this article from NBC.
DHL, the international logistics giant, is working with Accenture to implement blockchain for tracking shipments of healthcare products, especially pharmaceuticals, for which tampering prevention and precise origin-to-consumer tracking are especially important. Read more here.
Recent consumer data breeches demonstrated how susceptible our personal data is to fraud when maintained by a centralized system. Blockchain technology may offer a solution, granting us ownership over our own data. Read about the growing risks of the centralized system, trends in data security, and individual data keys from this Forbes Technology Council article.