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A bill “authorizing corporations to issue certificate tokens in lieu of stock certificates” has been introduced in Wyoming.

A bill allowing corporations to issue blockchain-based tokens that represent stocks was introduced in Wyoming on Jan. 16, according to the official state legislature site.

House Bill 185 is sponsored by Representatives Olsen, Brown, Hunt, Lindholm, Western and Zwonitzer and Senators Driskill and Rothfuss. If passed, the bill will become effective on July 1, 2019. The current draft of the bill states:

“The articles of incorporation or bylaws of a corporation may specify that all or a portion of the shares of the corporation may be represented by share certificates in the form of certificate tokens.”

The bill lays the groundwork for storing so-called certificate tokens representing stocks on a blockchain “or other secure, auditable database,” and permit digital transfer of them.

As Cointelegraph recently reported, Wyoming passed two new house bills that aim to foster a regulatory environment conducive to cryptocurrency and blockchain innovation. One of the bills establishes a new asset class, defining “open blockchain tokens with specified consumptive characteristics [as] intangible personal property.” The other bill pertains to the creation of a fintech regulatory “sandbox” — a supervised and flexible testing environment that provides waivers for certain statutes and rules that would otherwise hamper innovation.

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A 21-year old American purported SIM swapper has been named as the main suspect in a $224 million lawsuit against telecoms giant AT&T.

A 21-year old American has been accused of stealing millions of dollars in crypto via a method known as SIM swapping, according to a press release shared with Cointelegraph Jan. 17.

As reported, plaintiff Michael Terpin — a long-time blockchain and crypto investor — first filed a lawsuit against AT&T last August, accusing the firm of negligence that allegedly allowed the suspect to gain control over Terpin’s phone number and steal almost $24 million worth of crypto.

SIM-swapping — also known as a “port-out scam” — involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication.

According to Terpin's declaration, which was filed with the United States District Court in Los Angeles on Dec. 31, 2018, Terpin and his legal team allege they have identified the primary suspect who initiated the SIM swap — 21-year old New Yorker Nicholas Truglia.

The suspect has previously been arrested on a separate SIM swap-related criminal charges involving the alleged theft of $1 million in crypto from Silicon Valley executives in the Bay Area. According to Terpin’s lawsuit against Truglia, filed Dec. 28, 2018, Truglia is currently incarcerated in Santa Clara County, California, in connection with this prior case.

The lawsuit alleges that Truglia, alongside a host of alleged accomplices, perpetrated the SIM swap against Terpin on Jan. 7 and Jan. 8, 2018, resulting in crypto losses estimated to be worth $23.8 million.

Amongst the evidence presented in the lawsuit are statements and text messages purportedly sent by Truglia on the date of the Terpin SIM swap, in which he is alleged to have explicitly told friends that he had stolen a cryptocurrency wallet with holdings worth $20 million.

In one purported text message, he texted an individual allegedly boasting “I’m a millionaire. I’m not kidding. I have 100 Bitcoin.” He is also alleged to have confessed to friends that the Terpin heist was his largest, deeming that day to be when “his life changed forever.” The lawsuit claims Truglia is estimated to have total stolen assets worth in excess of $80 million.

Terpin’s complaint notably includes charges against Truglia and his alleged accomplices under the The Racketeer Influenced and Corrupt Organizations (RICO) Act , which seeks penalties for the perpetration of repeated, organized criminal acts committed through mutual assistance, as part of a criminal organization.

As emphasized in the press release, the new criminal charges do not affect or diminish the lawsuit against AT&T, which will reportedly only be affected if any recovery from the alleged criminals will reduce primary damages accordingly. Terpin was moreover immediately granted a writ of attachment against up to $24 million of Truglia's assets on the date of the lawsuit’s filing.

SIM-swapping has become an increasing concern for law enforcement, and has accordingly brought telecoms firms — gatekeepers of user identity data — under the spotlight for their alleged complicity in the crime. Last summer, Cointelegraph interviewed Terpin, who remarked that the biggest risk to crypto investors “is that major phone companies promise you security and don't deliver it.”

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Crypto markets are stable today, with most top ten coins seeing mild losses over the 24 hours to press time.

Thursday, Jan. 17: crypto markets are stable, with major coins seeing negligible price change over the 24 hours to press time. Most of the top ten cryptocurrencies seeing only mild losses, capped within a 2-3 percent range. Almost half the coins in the top ten-twenty range have tipped slightly into green, as data from Coin360 shows.

Market visualization by Coin360

After an intraweek tumble to ~$3,550 Jan. 13, Bitcoin (BTC) is down a mild 0.9 percent on the day to press time, slipping from a 24-hour high of $3,685 to its current price point around $3,630.

On the week, Bitcoin is down 5 percent; monthly gains are at a solid 10.5 percent, according to CoinMarketCap.

Bitcoin 7-day price chart. Source: CoinMarketCap

Ripple (XRP), which has recently regained its rank as largest altcoin by market cap, is down fractionally more, shedding 1.4 percent on the day to trade at ~$0.33 to press time. Ripple’s market share is currently $13.5 billion — as compared with Ethereum (ETH)’s $12.7 billion.

After a volatile and jagged week, Ripple is about 5 percent in the red on its 7-day chart, with monthly gains nonetheless at a solid 13 percent.

Ripple 7-day price chart. Source: CoinMarketCap

The second largest altcoin, Ethereum (ETH), is down a slightly less mild 2 percent on the day, and is trading at ~$122 to press time. The alt has correlated closely with Bitcoin’s trading patterns, seeing an intraweek low of ~$116 Jan. 13, and recovery to ~$131 Jan. 15.

On the week, Ethereum is down a hefty 9.6 percent, but monthly gains are at an impressive 41 percent.

Ethereum 1-month price chart. Source: CoinMarketCap

The remaining top ten coins on CoinMarketCap are all in the red, but losses are capped at 2-3 percent. Seeing the most volatility is Litecoin (LTC), down 2.86 percent at $31 to press time, and recently-forked Bitcoin SV (BSV), which is down 1.83 percent at $77. Bitcoin Cash (BCH), too, is down 1.6 percent at about $128.

The remaining coins in the top twenty by market cap are seeing more scatterings of green, capped at 2 percent, with the highest losses capped under 4 percent.

Among alts seeing some growth are Cardano (ADA), up 1.9 percent on the day at ~$0.05, privacy-focused alt Monero (XMR), up 0.75 percent and NEM (XEM), up 2.06 percent.

Seeing the most losses are altcoin IOTA (MIOTA), which is down 3.7 percent, followed by NEO (NEO) with 2.8 percent losses on the day to press time.

Total market capitalization of all cryptocurrencies is around $121.4 billion as of press time, down around 5 percent from one week ago, Jan. 10.

7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap

In crypto regulatory news, a bill exempting companies that provide non-custodial crypto services from certain state money transmitting laws has been re-submitted to the United States Congress.

In Australia, meanwhile, the World Wildlife Fund-Australia (WWF-Australia) has just announced the launch of a supply chain tool that uses blockchain to allow businesses and consumers to track food items.

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An undisclosed investment from UPS reveals a commitment to blockchain profitability after cautionary statements from the logistics giant.

The investment arm of logistics giant UPS has made an undisclosed equity investment in United States enterprise blockchain company Inxeption, the firm confirmed in a press release Jan 16.

Inxeption, which began operations in 2017, aims to use blockchain technology to improve various processes for businesses, including product design, manufacturing and supply chain management.

Neither party has revealed the scope of the deal, which will reportedly see Inxeption and the UPS Strategic Enterprise Fund work in tandem in future to develop new features for Inxeption’s platform.

“Business customers need secure platforms that protect their customer data and proprietary information, while making it easy for them to interact and even collaborate more effectively with their customers,” Inxeption CEO and co-founder Farzad Dibachi commented in the press release.

Describing its product as an e-commerce platform for the B2B market, Inxeption joins a steadily increasing pool of blockchain initiatives focused on using distributed technology to make complex corporate systems more transparent.

UPS CMO Kevin Warren stated in the press release that “Inxeption’s technology is attractive to UPS because it helps unlock new efficiencies for customers using B2B e-commerce platforms.”

Supply chains have proved a particular area of interest amongst firms developing blockchain solutions in 2019. Several blockchain-based supply chain projects have been announced in the past week alone, as diverse as cobalt supplies and food for the upcoming World Economic Forum (WEF) in Davos.

The Inxeption partnership reveals UPS’ belief in blockchain’s potential, despite cautionary words from a senior executive last month that forecast little impact from the technology in 2019.

“We have a small team looking at blockchain, but we are still searching for the killer use case,” the company’s executive vice president of technology and chief digital officer Linda Jojo told mainstream media in December.

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

BitMart Exchange, a premier global digital asset trading platform, recently announced their “Vote for Your Coin – Round 6” campaign. As before, BitMart is cooperating with Atlas Protocol (ATP) to ensure a transparent and trustworthy process by utilizing blockchain interaction.

BitMart has successfully conducted “Vote for Your Coin” campaigns for five rounds. This time, there will be more than one project benefiting from the campaign. Not only the project with the most votes will be listed on BitMart for free, but also the second, third and fourth-ranked projects can receive the corresponding listing fee discounts. For all other participants, if their votes reach at least 20% of the votes that No.1 project gets, they can also receive 20% off towards listing fees.

The campaign is ongoing from 10:00 AM January 16th to 10:00 AM January 30th. Every day each user will be given 24 free votes (1 free vote per hour). Additionally, users can also spend BMX to vote (1 BMX = 1 vote), up to 500 votes per day. Therefore, each user can vote a total number of 524 votes (24 free votes + 500 paid votes) every day. There’s no limit to the number of projects users can vote per day.

During the campaign period, new users will receive 100 BMX for sign-up bonus using the invitation code “Vote 6”. The BMX earned from registration will be locked in users’ account until they have completed a transaction greater than or equal to 0.05 BTC. The ATP voting system will investigate and analyze all the votes when the campaign is over. After ensuring the voting data is clean and accurate, BitMart will publish the listing announcement for the winning project.

Here are the eleven projects participating in BitMart “Vote for Your Coin – Round 6” (in no particular order) :

  1. nOS (NOS)

nOS is the Virtual Operating System for the Decentralized Internet. nOS solves key issues surrounding DApp development, discovery, and interaction, allowing for true adoption of decentralized applications and blockchain technology.

  1. Online (OIO)

Online.io platform aims at making a groundbreaking change of the Internet by revolutionizing the browsing experience and making it faster, non-trackable, without malware and Ad-free.

  1. CoinANX (CANX)

CoinANX is an entirely new generation of cryptocurrency exchange platform. It aims to make cryptocurrency payment process more directly and easier for anyone from any locations.

  1. Kripton (LPK)

L-Pesa has harnessed the market forces and built technology and a proprietary credit scoring model that allows it to quickly scale microlending in developing countries while keeping loss ratios below 10%. The solution is highly automated, allowing a small back office team to support high volume loan origination.

  1. Daneel (DAN)

The system collects all information from media, social networks, and forums then cross-checks information and conduct comparison. It allows users to access latest market information, thus helping them make better investment choices.

  1. Webcoin (WEB)

Webcoin pioneers the technological dawn of global marketing digitalization. It connects the worlds of digital marketing, blockchain and cryptocurrency.

  1. Creditcoin (CCOIN)

The Flatlay marketplace supports the global democratization of commerce with technology. The team’s focus is on making e-commerce monetization accessible to anyone by removing the borders and restrictions for global participation using the Creditcoin token.

  1. Peculium (PCL)

Peculium is the first saving platform for individuals, brokers, and financial institutions. It brings the power of algorithmic trading to everyday users with their Artificial Intelligence AIEVE.

  1. EtainPower (EPR)

EtainPower is the world’s first blockchain-based energy ecosystem powered by AI. They introduced a groundbreaking blockchain architecture to tokenize global renewable energy assets, allowing them to be traded rapidly and freely through their highly decentralized blockchain technology platform.

  1. The 4th Pillar (FOUR)

The project goal is to become an independent DLT eDelivery, professional identity and recruitment infrastructure for individuals and organizations.

  1. Mils Token (MILS)

Mils Token is blockchain-based decentralized travelings service system. The ecosystem links traveling related entities globally and provide transparent, economical, trustable and offerable traveling services.

Click here to vote for your favourite project!

About BitMart

BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 600,000 users worldwide and ranked among the top 8 crypto exchanges on CoinMarketCap. BitMart currently offers 165 trading pairs with one of the lowest trading fees in the market.

BitMart also announced BitMart Galaxy Program , aiming to expand the global market with their extraordinary supporters “BitMart Stars”. Apply Now to Become a BitMart Star! To learn more about BitMart, visit their Website, Twitter or join their Telegram.

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

BANKEX, the premier provider of tokenization and securitization services, and Digital Trust Fund, a foundation established to support and develop Uzbekistan’s digital economy, partnered to bring fintech solutions – namely blockchain – to Uzbekistan at the state level.

Uzbekistan’s Digital Trust Fund signed a memorandum with BANKEX to facilitate the introduction of blockchain technology to all government agencies in Uzbekistan in order to minimize the potential for human error and to preclude corruption.

“The present memorandum is directed at establishing a legal framework on which the parties can base the mutual cooperation necessary to ensure the quality as well as the qualified undertaking of tasks assigned to the parties,” says the memorandum.

The parties also agreed “to study the prospects for the introduction of innovative technologies, including blockchain technology” as well as to “exchange all necessary information and work experience, including through mutual internships and consultations.”

The collaboration will also involve holding joint educational events including workshops, seminars, roundtables, and conferences about the principles of the development of the digital economy and the advantages of blockchain.

About BANKEX

New York-based BANKEX is a global fintech company that provides blockchain solutions, including an end-to-end STO framework, to institutions and customers alike. The owner and operator of the Proof-of-Asset (PoA) Protocol, BANKEX bridges the gap between the worlds of traditional banking and finance and the emerging world of blockchain. BANKEX is also developing unique and flexible products and services for investment, micro-financing, as well as for capital markets and futures markets.

BANKEX infrastructure services and technologies include Custody Service, BANKEX Token Exchange, Ethereum Plasma Prime, Supply Chain, Digital Deal, and an STO Framework.

BANKEX group companies legally operate within Class 3 and Class 4 licenses for Virtual Financial Assets in Malta.

For more information, please visit bankex.com/en

Follow BANKEX on Facebook and Telegram.

For more information on this and other press release topics, contact

BANKEX Head of PR Maria Zvyagintseva, e-mail: [email protected]

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange. This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to increase every hour, but also keeps it well protected from market volatility.

Highly volatile and unregulated markets have so far obstructed the path of mass cryptocurrency adoption. In order to eliminate this concern and enable mass adoption, UpStake relies on token features such as limited circulation, hourly increase of value, proof of burn, and anti-exchange manipulation.

Having developed a product that is immune to market-related uncertainties, UpStake is confident in bringing about a paradigm shift in the crypto world’s operations. Individuals and businesses using UpStake can now gain access to an asset with a store of value that can be safely used in day-to-day transactions. This will undoubtedly play a critical role in bringing cryptocurrency to conventional shopping, employee payroll, gaming, online gambling, network marketing, and much more.

“Knowing the future token price doesn’t create value,” said UpStake global influencer manager Seth Fontaine. “It creates a platform of transparency, and a foundation to build great products and services with an even better user experience than traditional fiat/banking.”

The UpStake platform also includes useful features such as its own exchange designed to combat market manipulation, a micro-networking investing product known as Edge, an affiliate program, and upcoming projects such as a dedicated UpStake marketplace and peer-to-peer transfer capabilities.

To find out more, please visit https://upstake.com/

About UpStake: UpStake is an exciting cryptocurrency project focused on delivering a stable digital currency that will pave the way for mass crypto adoption around the world. UpStake accomplishes this feat with a Proof-of-Burn model that periodically burns a certain percentage of tokens sold through their exchange.

Press Contact:

Seth Fontaine
Global Influencer Manager
Telegram: @sethfontaine
[email protected]

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All of the top 20 coins by market cap are seeing green today, Jan. 17, except for stablecoins USDT and USDC.

Wednesday, Jan. 16 — Cryptocurrency markets are mostly green today, according to Coin360 data. Most of the top 20 coins by market capitalization are up over the last 24 hours, with Bitcoin (BTC) holding firmly above the $3,600 mark.

Market visualization from Coin360

Bitcoin has stayed above the $3,600 threshold during the day, while its highest price point over the last 24 hours was $3,707. At press time, the leading cryptocurrency is trading at around $3,644, having gained 0.65 percent on the day.

Bitcoin 7-day price chart. Source: Cointelegraph Price Index

Ripple (XRP) is slightly up as well, currently trading at around $0.33, up by 0.86 percent over the 24 hour period. The altcoin has not registered significant price fluctuations today, generally staying near the $0.33 mark.

Ripple 7-day price chart. Source: Cointelegraph Price Index

Ethereum’s (ETH), currently the third largest crypto by market cap, has outperformed BTC and XRP by growing by 1.45 percent on the day. The coin is trading at around $122 at press time. On its weekly chart, Ethereum’s lowest price point was $115.16 on Jan. 13, while the weekly peak was reached on Jan. 10, at the $151.94 mark.

As Cointelegraph reported yesterday, Ethereum’s Constantinople hard fork is facing another delay over a newly discovered security vulnerability allowing a reentrancy attack. A reentrancy vulnerability allows a potential attacker to steal cryptocurrency from a smart contract on the network by repeatedly requesting funds from it while feeding it false data about the malicious actor’s actual ETH balance.

Ethereum 7-day price chart. Source: Cointelegraph Price Index

According to CoinMarketCap’s data, 18 out of the top 20 virtual currencies by market capitalization have seen gains ranging from 0.57 to 4.55 percent over the last 24 hours.

Binance Coin (BNB) is the biggest winner, up over 4.5 percent to trade at $6.18 at press time. The only coins that are down among the top 20 are stablecoins USD Coin (USDC) and Tether (USDT), having lost 0.04 and 0.41 percent on the day respectively.

The combined market cap of all cryptocurrencies is now at around $122 billion, down from its intraweekly high of about $123.3 billion.

7-day total market capitalization chart. Source: CoinMarketCap

According to a survey by Credit Karma published Jan. 15, crypto investors in the United States who sold their Bitcoin holdings have lost a total of $1.7 billion. A slight majority of Americans — 53 percent — plan to report their Bitcoin losses for the purpose of tax deductions, while 19 percent are still undecided. The survey also found that 35 percent of the participants that sold their crypto at a loss will not report their losses on their tax returns.

Earlier today, Cointelegraph reported that Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum that the massive 2018 bear market is not a reason to bury crypto, stressing that all social and economic phenomena have both a bright side and a dark side to them.

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IBM’s new partnership is aimed at supply chain management in the mining and metals industry, looking to improve logistics, financing, and cost-saving.

Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. IBM announced the initiative in a press release published Jan. 16.

MineHub is a company that uses technologies including blockchain to develop cost-saving applications for the metals and mining industry. The newly announced mining supply chain platform will be built on the cloud-based IBM Blockchain Platform powered by the Linux Foundation's Hyperledger Fabric.

The solution targets the inefficiencies of the global mining and metal market — which is estimated at $1.8 trillion. These include excessive paperwork, manual data processing, and lack of transparency between supply chain parties. It will reportedly also be designed to improve logistics and financing, as well as reduce costs.

The companies envision the digitization of the supply chain via the creation of a ledger shared between the parties that will provide an aggregated, real-time view of transactions and data flowing through the supply chain, and will only be open to permissioned participants.

It will “increase the level of automation, reduce reliance on intermediaries and increase the speed at which goods are transferred from miners to end buyers,” the release further suggests.

The development of the platform will also be supported by such companies as gold producer Goldcorp Inc., ING Bank, mineral exploration company Kutcho Copper Corp., trading firm Ocean Partners USA Inc., and precious metals streaming company Wheaton Precious Metals Corp., representing a consortium formed by MineHub.

The first use case will reportedly be built on the MineHub platform, managing concentrate from Goldcorp’s Penasquito Mine located in Mexico on its way through the market. When ore is mined, the mining company will upload the relevant data, including sustainability and ethical practices.

Earlier today, Cointelegraph reported that IBM will use its IBM Blockchain Platform to monitor supplies of cobalt from the Democratic Republic of Congo in collaboration with motor company Ford, South Korean cathode producer LG Chem and China’s Huayou Cobalt.

In September, Hong Kong-based jewelry retailer Chow Tai Fook has reportedly put records of some of its diamonds on a distributed leger developed by blockchain startup Everledger and secured by the IBM Blockchain Platform. This will reportedly enable the retailer’s customers to ascertain the origin and authenticity of gems sold in its T Mark-branded stores.

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Major Spanish energy firm Repsol has started using blockchain to improve the safety certification process of its petrochemical products.

Madrid-based energy company Repsol reported a successful test of a blockchain pilot to improve the quality of safety certification of its products. Cointelegraph in Spanish reported the news on Jan. 15.

Established in 1987, Repsol is a leading energy company that operates in the oil and gas industry, including exploration, development, and production of crude oil and natural gas. In the first nine months of 2018, the company’s net income reached 2,7 billion euros, rising by 37 percent since the beginning of the year, according to Financial Times.

The Repsol Technology Lab Research Center (Tech Lab) and blockchain startup Finboot, which is a part of the Repsol Foundation Entrepreneurs Fund, jointly deployed a blockchain solution to improve the certification process of petrochemical products. It is expected to enable the company to identify and track samples and products throughout the entire process of production.

Additionally, the use of blockchain will purportedly allow Repsol to save up to 400,000 euros each year by reducing the frequency of errors. The manager of experimentation at the Tech Lab, Tomas M. Malango, has highlighted that there is a lot of room for improvement in the industry:

"This type of procedures, in which we handle a large number of samples, are subject to many rework incidents due to mislabelling, loss or incorrect connection of information."

According to Malango, the successful results of Repsol’s blockchain pilot "could be transferred to other departments of the company with similar practices and dysfunctions."

Blockchain technology has been gaining increasing presence in the energy sector in Spain. Yesterday, Spain’s major energy company Iberdrola began using blockchain to track renewable energy. During the pilot — which was reportedly successful successful — Iberdrola monitored the renewable energy delivered from two wind farms and one power station to banks’ offices located in Basque Country and the southern city of Cordoba.

In December, another energy company ACCIONA Energía announced it is going to deploy blockchain to trace electricity generation. With this move, ACCIONA plans to allow its clients to track the provenance of electricity distribution.

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