Blockchain is shaking-up entire industries as one of the most disruptive technologies of today. From banking and insurance to agriculture, energy, healthcare, and media, it is disrupting entire industries and is about to transform global supply chains, thanks to SAP Ariba. The company plans to leverage blockchain across its cloud-based applications and business network to upend the way goods and services are traded.
How much do you know about your medical identity? You know you’re generally in good health. You know your height and your weight. You know if you have any chronic conditions. But can you remember how many tetanus shots you’ve had? Do you know which percentile your height placed you in for each year of life? Could you tell your doctor the exact amount of time you’ve been taking a prescription medication to the day?
For Silicon Valley, the headline was sweet nectar: Google DeepMind, the world’s hottest artificial intelligence lab, embraces the blockchain, the endlessly fascinating idea at the heart of the bitcoin digital currency.
But the buzzwords bely the reality. The lab’s re-imagining of the blockchain has very little to do with AI—or the blockchain, for that matter.
The technology’s implications for interoperability, privacy, claims processing and more are intriguing. But many challenges must be addressed before wider applications become possible.
Northern Trust is working with IBM and other key stakeholders, to launch the first commercial deployment of blockchain technology for the private equity market. While private equity returns can be attractive, the infrastructure supporting private equity hasn’t changed much in recent years at a time when investors are looking for greater transparency, security and efficiency.
It never fails that the greatest innovations often come wrapped in obscurity and misunderstanding. I can imagine a scene in which the first wheel was met with head scratching, confusion, and comments along the lines of, “Yeah, but it’s going to keep rolling away on us! Square wheels are so much more predictable.”
Blockchain technology, a type of database system that enables multiple parties to share access to the same data with a high level of confidence and security, could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an average of 30 percent according to a new report by Accenture and McLagan which is part of Aon Hewitt, a business unit of Aon plc. This translates to roughly $8 billion to $12 billion in annual cost savings for those banks.
IBM Watson Health and the FDA announced on Wednesday that they would work together on an initiative to create a secure, efficient and scalable exchange of health data using blockchain technology.
The technology giant and the federal agency will explore the exchange of data from sources, such as EMRs, clinical trials, genomics and health information from mobile devices, wearables and the Internet of Things.
With an initial focus on oncology-related data, IBM and FDA said they intend to share initial research findings in 2017 under the two-year agreement.
Blockchain, smart contracts, and predictive analytics are among the financial service technologies reshaping the ways transactions are conducted and customers are served. With a rash of startups threatening to disrupt legacy operations, organizations of all sizes are turning to the latest technologies to improve their offeri
The Department of Homeland Security has stepped up its research and investment into blockchain technologies, as it searches for ways to make the government more secure, accountable, and autonomous. Public interest in the blockchain from the DHS started in December last year, when it called for small business proposals to research the advantages and disadvantages of the emerging technology. Six months later, it awarded the $200,000 grant to Factom.