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Microsoft, one of the world’s top tech and IT companies looks set to introduce new innovations hinged on Blockchain Technology. The proposed concepts are built on the foundation of Decentralized Identifiers (DID) through the World Wide Web. Decentralized identifiers help protect customer’s digital assets by granting them independence of operation and express ownership of their accounts devoid of company or government interference. DIDs aim at greater privacy and security for users. Unlike the current systems,…

New York based technology giant IBM has expressed resounding confidence in blockchain technology. With over 100 years dealing in the technological space; IBM believes there exists a range of untapped potential in this technology as they look to properly harness and explore its unique features. The blockchain which has been subject to deliberations, testing and utility by multiple companies in recent years, involves a tamper-proof of distributed ledger database synchronized across a network of computers…

Mitsui OSK lines (MOL) , one of Japans biggest freight companies, has announced the beginning of its very own demonstration test for a potential blockchain based ledger platform to be developed particularly for “cross border trade operations”. Funded by the likes of the Sumitomo Mitsui Banking corporation and the Sumimoto Mitsui Financial group, the test will be developed with the Hyperledger Fabric blockchain platform which was developed by Hyperledger. Marine trade remains one of the…

IBM has officially finished developing a blockchain platform which will enable global transactions to cost a fraction of the current cost and be fulfilled within a fraction of current times. Developed in partnership with Stellar and KlickEX, the decentralized ledger will contain user data stored in blocks. As the ledger will be accessible to all the members of the blockchain, it is hoped the platform will allow banks to fulfill and settle international transactions much…

IBM leads the charge as one of the first major names to put down support and funding as it spearheads development of an Oil trading platform to be powered by Blockchain itself. With aid from the Hyperledger Project and trading firm, Trafigura combining efforts, Nataxis has been able to provide some funding and expertise in this co ordinate project. The project currently allows users to view shipment details and location of their oil purchases and…