In the wake of JPMorgan’s February launch of its Ethereum-based JPM Coin digital currency, Citi let it be known why it had killed the Citicoin project its innovation lab discussed—but never formally announced—back in 2015.
Enterprise blockchain doesn’t solve one basic security problem: ensuring the accuracy and security of data before it is added to the blockchain. Big Blue is now offering hacking-as-a-service (let’s call it HAAS) to the growing number of private, permissioned blockchains springing up around the globe.
Leading health insurance provider Aetna has joined another consortium looking to use blockchain to cut costs and speed the sharing of secure healthcare data in the industry.
Auto manufacturer Ford Motor Company and battery maker LG Chem announced on Jan. 16 that they are joining forces with a major Chinese mining firm on a pilot project to use IBM Blockchain technology to trace the origin of the mineral cobalt used in batteries. More than half of the world supply of cobalt is mined in the war torn Democratic Republic of Congo, where illegally mined minerals and diamonds often fund brutal militias, and child labor and hazardous working conditions are common.