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ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot

ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot ABN AMRO, one of the largest banks in the Netherlands, has launched a blockchain pilot aimed to bring new efficiencies to container-based international trade. For the project, the bank has partnered with Samsung SDS, the logistics and IT arm of consumer tech giant Samsung, and the Port… The post ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot appeared first on Altcoin Today.
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Samsung SDS and ABN AMRO Bring Two Different Blockchains Together for an Ambitious Pilot

As it has been revealed, the IT subsidiary of Korean giant Samsung, Samsung SDS, will connect its Nexledger blockchain platform with ABN AMRO’s counterpart Corda to apply in shipping logistics. Samsung SDS and ABN AMRO’s partnership Samsung SDS has disclosed  the details of its newly established collaboration with the Netherlands bank. Their joint blockchain pilot will be aimed at tracking the multi-modal transport of a container that will be delivered from a a factory in Korea to the Netherlands through the Port of Rotterdam, which is known to be the  largest shipping port by freight volume in Europe. The pilot itself presupposes creation of a blockchain-based platform with a view to ensure digitization of administration processes for the international finance and logistics related to container transport. It is planned to realize this idea via linking of Nexledger, which is Samsung’s enterprise blockchain, and ABN AMRO’s Corda platform, that was built by R3, a well-known New York-based industry firm. So, it will be the first example in the comparatively short history of blockchain technology when two different, entirely separate blockchains are put together. Main aim of the project Speaking about the idea that is lying behind the pilot, ABN AMRO’s CEO of Commercial Banking Daphne de Kluis said:  “We will be integrating all these flows in our pilot: from workflow management combined with track & trace to the digitization of paper documentation such as waybills and the financing of handled freight or services.” He also added that: “The ultimate goal is to reach an open, independent and global platform that operates from the perspective of shippers. This will make the logistics chain more transparent and efficient, and millions of euros can be saved in the long term.” How it will be carried out In the first instance, the pilot will be conducted by three parties: Samsung SDS, ABN and the Port of Rotterdam Authority. Nevertheless, later, it is planned to open the cooperative network for other parties to join. The blockchain pilot will represent itself an entirely paperless project. It presupposes electronic receipt and payment confirmation as well as real-time sharing of documents that can be visible for the shipper, receiver and port operator. While the parties are actively working on preparation for the launch of their project, it is expected that it will take place in January 2019. Samsung SDS’ work with blockchain technology As CoinSpeaker has already reported, last year Samsung SDS was chosen by the Seoul’s authorities to participate in the city-wide blockchain project aimed at developing the most feasible ways to apply blockchain technology to all the city’s administrative procedures. Moreover, Samsung SDS in collaboration with various Korean authorities and logistics firms is actively working on placing all exports and exports in the country on a blockchain. Last month, the company signed an agreement with the Korea Customs Service to build a blockchain-based a customs logistics service. The post Samsung SDS and ABN AMRO Bring Two Different Blockchains Together for an Ambitious Pilot appeared first on CoinSpeaker.
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Container Logistics Blockchain Pilot Planned By ABN AMRO, Samsung SDS And Port of Rotterdam

Dutch bank ABN AMRO is collaborating with the Port of Rotterdam, Europe’s largest shipping port, and Samsung SDS, tech solutions unit of Samsung Group, on a container logistics blockchain pilot. The blockchain pilot, which will be conducted in January 2019, will involve building a platform for efficient and paperless administration processes for the international finance and logistics surrounding container transport. The platform will utilize Samsung SDS’ Nexledger blockchain and ABN AMRO’s Corda technology, developed by blockchain firm R3, to track the multi-modal transport of a container from a factory in Korea to the Netherlands through the Port of Rotterdam. Currently payments, administration and the physical transportation of containers still take place almost entirely via separate circuits. Daphne de Kluis, ABN AMRO’s CEO of Commercial Banking, said that the pilot will integrate all those separate flows. “We will be integrating all these flows in our pilot: from workflow management combined with track & trace to the digitisation of paper documentation such as waybills and the financing of handled freight or services,” de Kluis said. “The ultimate goal is to reach an open, independent and global platform that operates from the perspective of shippers. This will make the logistics chain more transparent and efficient, and millions of euros can be saved in the long term.” Sanghun Lee, President of Samsung SDS EU/CIS, said that blockchain offers all parties in the logistics chain the opportunity to coordinate activities using validated data and without central management. “Digitization provides automation, which creates an ultra-efficient logistics chain,” Lee said. “What is particularly special about the project is that, for the first time in the rather short history of this technology, we can have different blockchains operating together. This takes place via an overarching ‘notary’ that connects entirely separate blockchains in Korea and the Netherlands.” The post Container Logistics Blockchain Pilot Planned By ABN AMRO, Samsung SDS And Port of Rotterdam appeared first on BlockTribune.
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Samsung SDS, ABN AMRO to Link Blockchains in Europe’s Largest Shipping Port

Samsung SDS, the IT subsidiary of Korean giant Samsung, is collaborating with Dutch ‘big three’ bank ABN AMRO for a logistics blockchain pilot tracking the shipment of a container from Korea to the Netherlands. In an announcement on Monday, Samsung SDS revealed details of a new partnership with the Netherlands bank for a joint blockchain … Continued The post Samsung SDS, ABN AMRO to Link Blockchains in Europe’s Largest Shipping Port appeared first on CCN
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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