Big Tech Embraces Blockchain

Beyond Blockchain #5: Amazon, Tesla and Allianz scramble to adopt blockchain technology

Amazon Sparks Bitcoin “Wildfires” With Blockchain Job Posting

On July 22nd, Amazon posted a job ad in search of a digital currency and blockchain lead. The ideal candidate is expected to have expertise in “Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency,” and would join the Amazon Payment Acceptance and Experience team.

Tesla taps blockchain to promote sustainable batteries for EVs

Elon Musk’s Tesla inked a deal with the world’s largest metal mining firm, BHP. BHP is based in Australia and will supply Tesla with nickel, a natural mineral used for producing batteries.

Allianz customers in 23 countries can now process Insurance claims on the blockchain

Europe’s largest insurance company Allianz has adopted DLT in a bid to streamline international motor insurance claims. The solution is built on the HyperLedger Fabric blockchain network and provides a single record source for resolving customer claims.

Private Swiss bank integrates blockchain-based identity system

Julius Baer, a Switzerland-based private bank with over $530 billion worth of assets under management, integrated a blockchain-based system developed by startup WeCanComply. The solution is also built on the HyperLedger Fabric network and will streamline the process that the bank uses to onboard asset managers.

U.S. Congressional Task Force touts blockchain for digital identity infrastructure

The U.S. House Committee on Financial Services Task Force on Artificial Intelligence recently organized a session deliberating how blockchain could be combined with artificial intelligence to build a secure digital identity (“ID”) infrastructure for Americans. The preferred solution would follow strict privacy guidelines and help reduce identity fraud both online and offline to the absolute minimum.

Who is Investing in Blockchain?

Paystand raises $50M for a B2B blockchain payments application — California-based payment startup Paystand is combining cloud technology and a private version of the Ethereum blockchain to build a payment platform for business-to-business (B2B) transactions. This month the company raised $50 million in a Series C fund raising round led by NewView Capital, with participation from SoftBank and King River Capital. Paystand makes money from charging a monthly flat fee instead of the usual fee per transaction model.

Discover blockchain solutions that bring A-level improvements to your business

At Move Digital, we specialize in helping enterprises implement DLT solutions. Irrespective of the industry, we have helped businesses reduce costs and improve processes by introducing DLT systems into their operations. If you need help mapping out your enterprise’s blockchain strategy, feel free to send us an email.

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