Blockchain is one of the most promising technologies. Solutions based on the blockchain are tested and gradually introduced into various fields. Journal ForkLog offers an overview of the most interesting recent initiatives associated with this technology.
National settlement Depository intends to transfer operations with bonds on the blockchain
Where: Russian Federation
In what area: securities market
Objective: to optimize processes, reduce costs, increase transparency and speed of operations and accountability of assets
Who is involved: national settlement Depository
Technology used: Hyperledger Fabric
Estimated date of implementation: unknown, to start the necessary changes in the normative base of the Russian Federation
Reference: 1prime
Canadian BMO Capital Markets testing platform for the securities market
Where: Canada
In what area: securities market
Goal: assess the viability of the technology for a distributed registry of securities transactions fixed income; investigation of opportunities to reduce costs and optimize operations in the financial market
Who is: BMO Capital Markets, the Pension Fund of teachers in Ontario, Bank of Montreal
Technology used: developed by BMO Capital Markets platform with open source
Estimated date of implementation: unknown
Reference: NewsWire
UEFA has tested the blockchain system of sale of tickets for football matches
Where: worldwide
In what field: football
Goal: improving the safety of distribution process, prevent duplication
Who is involved: the Union of European football associations (UEFA)
Used technology: blockchain system that works in combination with Bluetooth mobile devices that are located at the entrance to the stadium
Estimated date of implementation: unknown
Link: uefa.com
AAIS and IBM test automation tool for financial statements of insurers
Where: USA
In what field: insurance
Goal: automate and increase the transparency of reporting
Who is engaged in: American Association of insurance services (AAIS), IBM Blockchain
Technology used: Hyperledger Fabric
Estimated date of implementation: unknown
Reference: ibm.com
Bank of China and UnionPay is testing blockchain for cross-border payments
Where: China
In what field: payment system, cross-border transfers
Objective: improving the efficiency of cross-border payments, the development of mobile payment solutions
Those involved in: Bank of China, UnionPay
Technology used: unknown
Estimated date of implementation: unknown
Reference: Cointelegraph
American Bank Capital One patent blockchain solution for user identification
Where: USA
In what area: banking
Goal: create a more convenient, effective and secure authentication methods
Who deals: Capital One Financial Corporation
Used technology: blockchain-house system
Estimated date of implementation: unknown, until now, only filed in the patent and trademark office (USPTO)
Link: the USPTO website.
Customs and border protection, the U.S. will begin testing the block chain to identify imported goods
Where: USA
In what area: customs, certification of products
Objective: quality control of imported goods, and combating the violations of international trade rules
Who is involved in: Customs and border protection U.S.
Technology used: unknown
Estimated date of implementation: unknown
Reference: American Shipper
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