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How Blockchain is Reinventing Business Process Management
In a recent Hyperledger post, Jesse Chenard discusses how blockchain is poised to reinvent traditional Business Process Management platforms. A challenge with existing BPM platforms is that data is usually stored in organizational silos and challenges exist in exchanging counterparty transactions. A blockchain solution can provide auditing across boundaries, without leaking sensitive information.
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Ethereum Launches First Release of Casper, Client Testing Begins
In a recent reddit post, ethereum developer Danny Ryan announced the first release of Casper Friendly Finality Gadget (FFG), ethereum’s proof of stake consensus algorithm. This software release, includes the introduction validators, which will aid in the transition to a proof of stake (PoS) consensus blockchain.
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MIT Researchers Test Oracles and Smart Contracts on Bitcoin Lightning Network
The Massachusetts Institute of Technology (MIT) has revealed the results of their tests running smart contracts on the Bitcoin Lightning Network. Running smart contracts on the Bitcoin network isn’t necessarily new, however, the approach of using trusted entities called oracles with smart contracts is what makes their approach unique on the Bitcoin blockchain.
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Enterprise Ethereum Alliance Announces Client Specification 1.0
On May 16th, the Enterprise Ethereum Alliance (EEA) released the Enterprise Ethereum Client Specification 1.0 which is an open, cross-platform distributed ledger framework. The focus of this framework is to create a standards-based, enterprise-ready approach to building blockchain applications while avoiding multi-protocol propriety approaches.
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AWS Blockchain Templates for Ethereum and Hyperledger Fabric
Amazon recently announced the introduction of blockchain templates for Ethereum and Hyperledger Fabric. AWS Blockchain templates enable developers to quickly setup blockchain infrastructure and focus on building applications rather than having to deal with the underlying infrastructure, how to build, maintain and secure it.
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Bank of America - Blockchain Data Storage Patent Released
On April 12, the United States Patent and Trademark Office (USPTO) released a patent filing from the Bank of America outlining their plans for a permissioned blockchain implementation that enables personal and business data sharing. A user will authorize service providers to securely access their data, but only for the specific records they have access to.
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Chile’s Energy Regulator to Adopt Blockchain
PV magazine, a publication focused on reporting photovoltaics (solar power generation), has announced the Chile Energy Regulator is set to adopt blockchain in March 2018. The regulator plans to use blockchain technology to transparently record market prices, marginal costs, fuel prices and compliance documentation.
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Coindesk 2018 State of Blockchain
Coindesk recently released their 2018 State of Blockchain report, which provides more than 160 pages of blockchain related research covering investments in top cryptocurrencies, enterprise blockchain solutions, raising capital through initial coin offerings, government, regulation and sentiment. InfoQ has analyzed this report and has compiled a list of key developments that impact our readership.
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Hyperledger Project Releases Hyperledger Sawtooth 1.0
In a recent blog post, the Hyperledger project announced Hyperledger Sawtooth 1.0 has reached general availability (GA). The Hyperledger project addresses requirements for enterprises building, deploying and running distributed ledger applications. The Sawtooth 1.0 release includes updates to on-chain governance, advanced transaction execution, dynamic consensus and support for Ethereum.
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As Banks Ban Cryptocurrencies Enterprises Start Joining the Blockchain
While controversy and value swings continue to dog Bitcoin and other cryptocurrencies, interest in the associated blockchain technology is rising, with major players in the financial and other industries showing signs of taking it seriously.
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Blockchain and Smart Contracts in a Business Process
Buying something through an internet portal, for example a car, normally involves two parties who don’t trust each other; a buyer and a seller. The portal is just a broker so either the buyer must transfer money before getting the ordered item, or the seller must send the item before getting the money. To overcome this lack of mutual trust, Bernd Rücker claims that a blockchain can be used.
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Initial Metropolis Ethereum Hardfork Expected in September
The Ethereum Foundation released additional details about the upcoming update to the Ethereum network called Metropolis. The Metropolis hard fork is set to be divided into two core releases: Byzantium and Constantinople. Byzantium will be the first of the two releases, and is targeting a late September release and includes updates on transaction anonymity and predictable gas charges.
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Microsoft Announces Coco Framework for Enterprise Blockchain Networks
In a recent blog post, Microsoft announced a new open framework, called Coco, which targets enterprise consortium networks. The framework sits on top of existing blockchain platforms, such as Ethereum, and focuses on improving network throughput, adding new confidentiality models, network policy management and support for non-deterministic transactions.
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Hyperledger Steering Committee Approves First Ethereum Project
In a recent blog post on the Hyperledger project website, Brian Behlendorf, executive director of the Hyperledger project, announced that the Hyperledger Technical Steering Committee has approved a proposal, submitted by Monax and Intel, to incubate the first Ethereum derived project called Burrow, a permissionable smart contract machine.
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IBM Launches Blockchain as a Service
At the company’s recent InterConnect conference, IBM announced the release of IBM Blockchain as a Service. This service is based upon the Linux Foundation’s Hyperledger Fabric version 1.0 and runs on IBM’s high security network which is underpinned by LinuxONE. Previously, the Hyperledger Fabric was in an incubator state and has since been promoted to an active state.