Ken Moore said Mastercard believed the social network was trying to remove some of the challenges around cryptocurrency Facebook’s new digital currency has “good intentions” in wanting to remove some of the challenges around cryptocurrencies, a Mastercard executive has said. The social network has announced plans to launch its Libra digital currency as part of... Read More
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Executive David Marcus faced criticism from the Banking, Housing and Urban Affairs Committee The chief of Facebook’s new digital currency has said it understands “loud and clear” that people do not want financial details connected to their social media data. David Marcus was grilled by US senators who expressed concern about Facebook’s planned cryptocurrency Libra,... Read More
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Facebook stressed it will not control the new digital currency and users don’t need to trust Facebook in order to use it Facebook will not control the new Libra cryptocurrency it has launched or the network around it, the social media giant’s lead on the project has said. David Marcus said Facebook will have no... Read More
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Nestlé wants to make its supply chain data accessible to everyone Food giant Nestlé has launched a blockchain platform that allows consumers to track the journeys made by food they purchase. The company, which is one of the world’s largest food companies by revenue, is working with OpenSC on the initiative. OpenSC was founded by WWF-Australia... Read More
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Food retailer says half of its fresh meat products will be tracked on blockchain platform by 2020 Walmart China and PwC have joined forces with VeChain to create a blockchain platform that tracks the quality and safety of products and agricultural produce through the food retailer’s supply chain. The system, descriptively named “The Walmart China... Read More
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Libra currency has already received millions in investment from names such as Mastercard, Uber and Spotify Facebook is to launch a smartphone-based cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal. The currency is known as Libra, which the social network says it has “no special role” in governing and will... Read More
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90 percent of enterprise blockchain platform implementations deployed today will be obsolete by 2021, Gartner says Gartner has slammed the sustainability of blockchain platforms currently implemented by enterprises. The analyst house claimed 90 percent of deployments will have to be swapped out by 2021 if they are to remain competitive, secure and avoid obsolescence. The... Read More
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Cloud giant launches first blockchain product, based on the Hyperledger Sawtooth framework CRM heavyweight Salesforce has launched a blockchain platform that it said will “extend” CRM by enabling organisations to build trusted networks of partners. Announced at TrailheaDX, Salesforce’s fourth annual developer conference, Salesforce Blockchain enables organisations to share distributed ledgers between partners and third... Read More
New specifications aim to resolve the biggest challenges of deploying blockchain business applications Enterprise Ethereum Alliance (EEA), the open standards organisation aiming to accelerate business adoption of Ethereum blockchains, has released new specifications aimed at helping businesses create more efficient, simple and interoperable blockchain networks. The specifications include a set of APIs for enabling off... Read More
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