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Business News

cryptocurrency November 7, 2019

Digital travel agent Webjet has launched its long-in-development blockchain-based platform in a bid to remove disparities in hotel booking data. Advertisements Working in conjunction with Microsoft through the firm’s Azure blockchain-as-a-service sandbox since 2016, Webjet said Thursday the new Rezchain application will address hotel reservation snafus and overcharges by looking for data mismatches in real-time between […]

cryptocurrency October 31, 2019

Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Advertisements Revealed exclusively to CoinDesk, the London-based firm is launching the 30-day pilot today. Knabu is best known as a payments company with a smart-deposit product meant to help companies mitigate the risks of self-custodying assets on a […]

cryptocurrency October 15, 2019

A senior executive at Big Four auditor Ernst & Young (EY) thinks blockchain will revolutionize commerce – if the community can solve its privacy issues. Advertisements [embedded content] “Blockchain is going to be the tool that ties together not just individual companies, but whole business ecosystems and networks,” says EY global innovation lead Paul Brody. […]

cryptocurrency October 11, 2019

Six months after Societe Generale issued its first bond on a public blockchain, it has yet to offer the instrument to clients or to make use of the full capabilities of the smart contract mediating the sale.  Advertisements But the French financial institution insists that it hasn’t forgotten about the €100 million (roughly $110 million) […]

cryptocurrency October 3, 2019

IKEA Iceland has taken part in a commercial transaction on ethereum, using smart contracts and licensed e-money to facilitate the settlement of an order from local retailer Nordic Store. Advertisements The transaction was carried out on a platform provided by supply chain management firm Tradeshift and used “programmable digital cash” from ConsenSys-backed Monerium, according to an […]

cryptocurrency September 12, 2019

Spanish banking giant Santander says it has become the first institution to use a public blockchain to manage all aspects of a bond issue. Advertisements Revealed Thursday, the company not only used a token on ethereum to represent the $20 million debt issuance but settled it with another set of ERC-20 tokens representing cash held […]

cryptocurrency September 10, 2019

Today marks the launch of what is most likely the first ever blockchain-based initial public offering (IPO), with the national stock exchange of the Seychelles selling tokenized shares in its equity to investors worldwide. Advertisements At 09:00 U.K. time (08:00 UTC), the shares will be available on the MERJ exchange’s own platform, as well as through […]

cryptocurrency September 3, 2019

Billionaire and crypto industry veteran Anthony Di Iorio, founder of the Jaxx wallet-maker Decentral, retired this week to focus on “philanthropic initiatives,” he told CoinDesk. Advertisements The ethereum co-founder will continue funding Decentral and approving budgets as chairman of the board. Meanwhile, former product manager Maggie Xu, Di Iorio’s girlfriend of two years, will take […]

cryptocurrency August 7, 2019

Seychelles’ stock exchange has just listed a tokenized security for trading, becoming the first in the world to do so. Advertisements The exchange, MERJ, is licensed by the Indian Ocean nation’s Financial Services Authority as a securities exchange, clearing agency and securities depository (CSD), and is launching the token to represent its own equity. Revealed exclusively […]

cryptocurrency August 6, 2019

The Enterprise Ethereum Alliance (EEA) has appointed Aya Miyaguchi, executive director of the Ethereum Foundation, to help drive what it’s calling the “Mainnet Initiative.” Advertisements Miyaguchi, who looks after governance on the side of the public ethereum blockchain, will join EEA as a board member and bolster the interoperability and standards building work being done […]