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Interswitch group, a pan-African payment processing and lead financial services company had on Friday 2nd November held an event in Lagos, Nigeria to unveil the first blockchain-enabled supply chain financing application. The blockchain (supply chain module) project has Microsoft as its major partner and utilizes the Microsoft Azure Cloud Blockhain service. The event had in attendance, other supporting companies and Nigerian banks; including the Dangote Group, United Bank of Africa (UBA), Zenith Bank PLC and…

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,…

The Intercontinental exchange has announced its official plans to launch a physical bitcoin futures market. To be the focus point of the new Bakkt platform which the company is launching, bitcoin futures will also be physically settled thanks to number of key partnerships formed with the likes of Starbucks, Microsoft and BCG. The Bakkt platform will offer users access to bitcoin futures on a 24 hour timescale. Fulfillment will be on a physical scale as…

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…

Microsoft has announced its latest foray into blockchain technology in the form of the Coco Framework, which is hoped to catalyze blockchain development when it is eventually released to the public in 2018. This project will aim to provide a environment to catalyze the development of blockchain applications. Garnering interest from many of its clients, Microsoft has announced the framework will essentially allow code to be executed in individual environments called Trusted Execution Environments which…

The conference also included representatives from huge digital companies including Microsoft and Fortum (one of the biggest energy companies in the country) along with many university academics. Aiming to encourage debate from government officials to private corporations on the integration of the Blockchain technology. The event was organized by the central bank in Finland to escalate and promote the potential uses of the Bitcoin technology in various financial settings. “Our task is to ensure the reliability…

As far as the blockchain goes the Bitcoin one has been prominent in the financial world. The concept of the blockchain has remained unrefined for the majority of the history of crypto however an alternative currency named Ethereum, boasts what was developed as blockchain 2.0. Devcon 2 the Ethereum developers conference recently concluded highlighting the not only Microsoft’s interest but the future Thomson Reuters have for the ever expanding network. “We spend most of our…

Microsoft has been one of the biggest driving forces in the tech world for a long long time. Considering the multi billion dollar corporation essentially owns around of the 80% OS market it has become the foundation for developers and consumers alike. The Azure platform had a rocky start initially after launch with developer adoption lower than expected by the platform has become one of the largest application development environments especially for web development due…