The traditional Saturday review of the recent initiatives of the blockchain such scope as the policy of “Know your customer”, anti tax fraud and telecommunications. Among the companies exploring new technologies, we will note General Motors, Swisscom, and BNP Paribas.

General Motors patented the blockchain-based system for data management of unmanned vehicles

Where: USA
In what field: unmanned transport
Goal: secure storage and exchange of information between vehicles and platforms
Who’s involved: GM Global Technology Operations LLC
Technology used: development GM
Estimated date of implementation: unknown
Link: USPTO

The post Swiss Telecom provider Swisscom will create a blockchain platform

Where: Switzerland
In what area: postal services, telecommunications
Goal: improving data security, creating “a simple, reliable and sustainable infrastructure”
Who is: Swiss Post, Swisscom
Technology used: Hyperledger Fabric
Estimated date of implementation: first test blockchain applications are planned for launch in the second quarter of 2019
Link: press release

The government of Thailand uses the blockchain to counter tax fraud

Where: Thailand
In what area: taxes
The aim of the counter fraud and VAT evasion
Who does the Tax authority of Thailand
Technology used: unknown
Estimated date of implementation: unknown
Reference: Bangkok Post

French companies and banks tested the KYC application based on the technology of the blockchain Corda consortium R3

Where: France
In what area: policy KYC (“Know your customer”)
Objective: to assess the feasibility of introducing the blockchain in work processes and, in particular, KYC-procedures
Who is: RCI Banque, Association Française des Trésoriers d’ Entreprise, banks BNP Paribas, Société Générale and other companies
Technology used: Corda
Estimated date of implementation: unknown
Link: press release

Medical companies from the US have created a blockchain-Alliance

Where: USA
In what area: healthcare, medical insurance, pharmacy
Goal: to improve the quality and security of data storage, lower costs, thanks to the blockchain
Who is involved: Humana, Multiplan, Optum, UnitedHealthcare, Quest Diagnostics
Technology used: unknown
Estimated date of implementation: unknown
Link: Modern Healthcare

The state Agency Enterprise Singapore has created a accelerator blockchain startups

Where: Singapore
In what field: venture capital investment
Goal: support the blockchain startups, the creation of platforms for corporate and public sector
Who is: Enterprise Singapore, TRIVE Ventures, ICON Foundation, PwC Singapore
Estimated date of implementation: the program will be launched early next year
Reference: Bitsonline

Abu Dhabi Global Market has tested the KYC application on the blockchain

Where: United Arab Emirates
In what area: KYC
Goal: simplification of KYC procedures, secure data exchange, lower costs
Those involved in: Abu Dhabi Global Market, KPMG, the local financial regulator (FSRA)
Technology used: unknown
Estimated date of implementation: unknown; planned second phase of testing aimed at optimizing the access of small and medium business banking services
Link: press release

SWIFT is testing a new system based on the blockchain

Where: worldwide
In what field: banking sector
The goal: eliminate mistakes and payment delays, lower costs
Who does of 15 major banks, including JPMorgan and Citi
Technology used: development SWIFT
Estimated date of implementation: unknown
Reference: Electronic Payments International

Also this week ForkLog reported that:

  • FINTECH company Calastone will put your accounting system on the blockchain
  • This year China has invested in blockchain almost $6 billion
  • Mastercard patent blockchain-based system for anonymous transaction
  • NSD, the savings Bank and the brokerage company “Region” made a REPO transaction on the blockchain
  • Cyprus, France, Greece, Italy, Malta, Portugal and Spain signed a Memorandum of understanding to support and promote the blockchain technology
  • Ripple, NEM and Emurgo founded the Association for the protection of representatives of the blockchain-industry in the EU
  • Conflux Foundation received $35 million from Sequoia China, Baidu, F2Pool and Huobi to develop highly scalable blockchain
  • “FINTECH” has entered into a partnership with Japanese financial technological Association
  • A Russian court has used the blockchain in the accounting system of intellectual property

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