The Advent and Rise of BaaS – Blockchain as a Service

When Big Money Enters the Market A recent article in Bitcoin Magazine predicted that the blockchain technology market would reach $7.7 billion by 2024. However, many industry insiders put their figures much higher, particularly given the phenomenal gain in popularity of blockchain-based technologies resulting from 2017‘s meteoric rise of Bitcoin and other cryptocurrencies. Just about any company could find use in blockchain’s ability to keep immutable and transparent records. However, certain expectations have to be managed. Leadership must be clear…

WHO Joins With Blockchain Companies to Create a COVID-19 Info Central

The World Health Organization (WHO) has partnered with several gargantuan institutions to set up a COVID-19 information network. The blockchain-based solution is an open-source data hub for verifying data accuracy related to the COVID-19 pandemic. The solution, named "MiPasa", is expected to expand as a range of data analytics tools are introduced to its network. Additionally, the tools will be subsequent to data testing and other information, to enhance accurate detection of COVID-19 infection red zones. MiPasa is an invention…

IBM is Developing a Blockchain-based PoC for FSIS

IBM plans to develop a  blockchain-powered proof-of-concept (POC) for the Food Safety and Inspection Service (FSIS). The purpose of the PoC, in this case, is to enhance the export certification process. FSIS ensures that the US commercial supply of meat, poultry, and egg products reaches safety standards. Additionally, this agency observes the inefficiencies in a legacy system involving regulatory processes and complex multi-country documentation requirements. Why FSIS Needs a Blockchain-based PoC According to FSIS, its focus is on the modernization…

CaixaBank Presents Blockchain Solutions to European Finance

CaixaBank is considered the leading bank in Spain, which recently developed new features approving access to blockchain technology by its customers. On the 3rd of January, the financial institution introduced, We.trade, in its services based on blockchain technology. We.trade falls under the management of IBM, introduced in the year 2017. A total of 15 consortium financial bodies from all over Europe fueled the creation of the ecosystem. The We.trade Platform  The platform's major function, based on its development and implementation…