• How IBM used to store data before blockchain technology (via Pixabay).
    Technology

    IBM launches blockchain coalition with Anheuser-Busch, Cisco, and GlaxoSmithKline

    The Trust Your Supplier network uses IBM Blockchain to track documents and invoices for a wide range of industries

    IBM is teaming up with blockchain builder Chainyard on a new supply chain management platform that has attracted participants from a half dozen industries. While many major coalition blockchain projects are industry specific—like Big Blue’s TradeLens Consortium for shipping and its Food Trust alliance for produce—the Trust Your Supplier network is focused on documenting and verifying supplier information of all types.

  • Libra,  People,  United States

    Cryptocurrency attorney and advisor Joshua Klayman has a new role

    Mother of Blockchains is taking over the U.S. fintech, blockchain, and digital assets practice at one of the world’s biggest law firms, Linklaters.

    A leading attorney in the blockchain and cryptocurrency business, Klayman has joined Linklaters as the U.S. Head of FinTech and Blockchain & Digital Assets, the firm announced on July 18. Linklaters ranked 12th in Law.com’s 2018 Global 200 survey of the highest grossing law firms in the world. Headquartered in London, it has a strong practice in the finance and banking, and the technology market, among other areas.

  • Venture capital, grinding everyone's gears (via Shutterstock).
    Technology

    VC investments fall sharply, but blockchain usage rises

    CB Insights predicted start-up funding will drop 60%, but IDC said spending on blockchain implementation will double

    A new report from CB Insights said investments in blockchain technology start-ups have tanked so far in 2019, and could end the year 60% lower than 2018. But the interest in the technology in the corporate world appears to be booming, with Fortune 500 companies investing more time and effort in bringing blockchain projects to fruition.

  • Congress
    United States

    Eyeing the future, US Congress moves to define ‘blockchain’ and ‘cryptocurrency’

    Senate action on Blockchain Promotion Act seen as vital to growth

    The U.S. Senate Commerce, Science and Transportation Committee voted to approve the Blockchain Promotion Act of 2019 on July 12, giving the Commerce Department one year to come up with “a recommended definition of the distributed ledger technology commonly known as ‘’blockchain technology.’”