An Outlier Set to Disrupt the Blockchain Status Quo


SINGAPORE, July 16, 2019 /PRNewswire/ — While others are contented with the current Blockchain-as-a-Service (BaaS) market, one outlier has seek to disrupt the status quo and offer a next-generation public infrastructure. YAO Network, a universal wing of the future decentralized ecosystem, has sought to design its platform based on the principles of blockchain 3.0 to usher in a new era of BaaS.

The figure below illustrates the system structure of the YAO Network.

YAO Network System Structure

With the continuous development of blockchain technology and its expansion comes an increasing demand for a centralized network to be able to host multiple blockchains that can support and integrate various communities and commercial applications while maintaining high scalability and performance. Blockchain-as-a-Service (BaaS) as what it is referred to, was first made popular through tech giants such as Microsoft and IBM. However, current BaaS platforms appear to be largely scattered with most tech communities sporadically distributed across the globe.

YAO Network recognised the need for a centralized platform offering these decentralized blockchains to draw tech communities and commercial clients together. Hence, the YAO Network platform has designed a platform that will accelerate the rapid and sustainable development of blockchain infrastructure through reasonable and complete governance, and an incentive mechanism.

Unlike most BaaS platforms that can work on only one or a few blockchains, the YAO Network is built to serve community developers and framework suppliers of multiple blockchains. The platform applies topology and orchestration techniques to guarantee self-adaptive access and constant upgrades in the blockchain platform. With a robust architecture to incubate more technical innovations and cultivate a thriving ecosystem, YAO Network has a cutting edge advantage over most by offering enterprise blockchain solutions via a simple click on their interface.

1. Building / Accessing Blockchain Network Within Seconds

By integrating cloud resources and using BuildPack, a declarative programming technology, YAO Network deploys services on the cloud and realizes the self-adaptive matching of tools for different blockchain network and access strategies, supporting both public and consortium blockchains.

In terms of public blockchain, YAO Network will provide network testing and access to main network within mere seconds. As for consortium blockchain and private blockchains, YAO Network aims to provide fast and flexible network building capacities. Interested enterprises can then visit major blockchain providers through a visualised and user-friendly interface and choose the right blockchain network for their decentralised applications.

2. Yaolet Technological Component

Developers have specific demands when developing upper-layer applications depending on various business scenarios, such as data sharing and contract calling across different blockchain networks. To resolve the above issues and ensure a seamless user experience, the YAO Network has integrated the vast series of functions needed to assist in application development into plug-and-play technological modules for developers’ use on demand – these modules are alternatively known as the Yaolet.

As an elementary unit of decentralized application, Yaolet supports decentralized computing.  Based on its underlying framework of decentralization, Yaolet can scale up its capability for commercial application to better match the technological requirements of such applications. Examples of Yaolet cases include IBC, oracles, DID, SMC and zero-knowledge proof among others. Utilizing these technology modules, developers can flexibly design blockchain applications and services to adapt to the different business scenarios based on their needs. At the same time, developers on the YAO Network can utilise the tools available to design solutions for companies and firms that are looking to conduct business communication or any other services. These solutions can be customized on the platform following order confirmation.

3. An Open Blockchain Service Market

With Yaolets, the YAO Network is able to serve as a cloud service market, integrating the full process data and business capabilities from project preparation to landing. It also provides developers with massive scalable services and a one-stop operating hub for blockchain products and services including development, promotion and sales.

These product services can be applied to various business scenarios such as storage and authentication, traceability, finance, and gaming to meet the actual business needs of enterprises across various industries. It also effectively facilitates the commercialization of blockchain applications as well as the exchange of information among enterprises, communities and developers.

4. YAO Network Ecosystem Incentive

As a self-driven ecosystem, YAO Network catalyzes the rapid development of the entire ecology by introducing a model of the token economy. YAO can function as a token for value circulation, contribution incentives and community governance in the ecosystem. It can also be flexibly used in many scenarios such as encouraging blockchain service providers to offer better blockchain products and services or facilitating the development of blockchain applications by communicating customers’ needs to the network of blockchain developers.

By adopting the token-incentive model, YAO Network comprehensively considers various parameters and provides dynamic incentive for users so as to maintain its healthy and stable development for all to enjoy.

Despite being a new generation of blockchain cloud service platform, YAO Network has demonstrated a strong foundation in the workings of technology with underlying access and application and product development tools.

By introducing different technical services, business support and platform incentives for blockchain communities, application developers and enterprise users, YAO Network is set to go against the blockchain grain, creating a complete ecological loop for the development and commercialization of blockchain technology.

Interested to find out more? Stay tuned to YAO Network through its social media:

Facebook: https://www.facebook.com/networkyao/
Medium: https://medium.com/@yaonet
Telegram: https://t.me/yaonetworkcommunity 
Twitter: https://twitter.com/yao_network
Website: https://yao.dev/

Photo – https://photos.prnasia.com/prnh/20190715/2524404-1

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PeerNova to Participate in the Chamber of Digital Commerce’s Congressional Blockchain Education Day


SAN JOSE, Calif., July 15, 2019 /PRNewswire/ — PeerNova, Inc. today announced that it will participate in the Chamber of Digital Commerce’s Congressional Blockchain Education Day. The Chamber, the world’s first and largest blockchain advocacy organization, will host its third Congressional Blockchain Education Day on Capitol Hill on July 18, 2019. This year, the Chamber of Digital Commerce anticipates more than 120 Chamber members to participate in the upcoming event. Featured speakers will include Congressional Blockchain Caucus co-chair Representatives Tom Emmer, Bill Foster, David Schweikert, and Darren Soto.  Meeting with legislators, the delegation will outline the full potential and significance of blockchain technology.

PeerNova Logo (PRNewsfoto/PeerNova, Inc.)

“We are excited to participate in the Chamber’s Congressional Blockchain Education Day,” said Navid Jafari, PeerNova’s Director of Marketing and Communications. “We believe that policymakers can uniquely catalyze widespread adoption and acceptance of blockchain technology.  We are dedicated to playing our part in highlighting the value propositions of blockchain in financial markets and look forward to an engaging dialogue in Washington.”

“The Chamber is looking forward to hosting Congressional Blockchain Education Day together with a group of members who are dedicated, focused and committed to further advancing the blockchain ecosystem,” said Perianne Boring, Founder, and President, Chamber of Digital Commerce. “We are pleased to have PeerNova stand alongside of us in this important initiative.”

The Chamber’s previous event featured more than 70 member companies who participated in meetings with more than 100 Congressional offices to advocate and educate policymakers on blockchain technology.

Follow the day’s events on Twitter at @DigitalChamber and @PeerNovaInc, using the hashtag #DCBlockchain.

About PeerNova, Inc.
Founded in 2013 by entrepreneurs with deep expertise in blockchain, big data, and financial infrastructure, PeerNova solves some of the most prevalent challenges in the financial industry. PeerNova’s Cuneiform Platform enables financial institutions to perpetually synchronize their data across multiple internal and external systems guaranteeing data and process integrity. The Cuneiform Platform simplifies reconciliation, automates exception processing, and provides greater end-to-end operational visibility across workflows in real-time. PeerNova is based in Silicon Valley with sales offices in New York and London. For more information, please visit https://peernova.com.

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Siemens Considers Using Blockchain Tech for Carsharing


Self-proclaimed electrification, automation and digitalization global giant Siemens has shown an interest in adopting blockchain-based solutions. In particular, Siemens is exploring the use of blockchain in the transportation industry, as per a report by Forbes on July 15.

According to Siemens Corporate Technology’s head of cybersecurity and blockchain, Andreas Kind, Siemens is looking to incorporate blockchain tech into carsharing via Siemens Mobility — one of Siemens’ subsidiaries.

According to the Enterprise CarShare website, carsharing reportedly refers to using or renting a car for a short period of time. As a popular example, the report cites the rental service Zipcar.

One issue with this system, says Kind, is with the associated fueling cards, which allow the car renters to refill on gas. However, using the card is subject to a number of restrictions on the customer end e.g. they can only use the card at specific stations and they are sometimes stolen. Kind said he believes that this type of technology could be improved via a blockchain solution:

“It’s not only inconvenient for the drivers, it’s inconvenient for the companies because fueling cards get stolen [and] they get sold on the internet […] That’s an example where, in an industrial context, you need something, a technology, that brings together different participants that [don’t] fully trust each other […] That’s exactly where blockchain can add value.”

Siemens is also considering other areas within the transportation sector for blockchain solutions. Siemens’ Corporate Technology reportedly presented on a possible blockchain solution for “blockchain-based smart parking” at Bosch’s 2019 Connected World conference.

According to the report, Siemens is also considering blockchain use cases for supply chains and manufacturing. Siemens is also apparently leaning toward using a permissioned blockchain, however, the firm is still in the testing and discovery phase, and is still reportedly exploring the viability of various use cases.

As previously reported by Cointelegraph, Grand View Research has suggested that blockchain is a digital technology driving market growth in the global transportation management systems (TMS) sector. Thanks in part to blockchain and other technological innovations, the TMS market is projected to reach $198.82 billion by 2025 with a compound annual growth rate of 16.2%.

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Where is blockchain used?


When you hear the word blockchain what comes to mind? You may associate it with Bitcoin, but blockchain is much more than just Bitcoin. A blockchain at its core is a distributed ledger with an immutable or unchangeable record of transactions or assets. So anywhere there’s a need to keep track of something, you might soon find blockchain. Blockchain rapidly is growing from its cryptocurrency roots to finding its place in government and industries like healthcare, real estate and transportation.

The U.S. Postal Service (USPS) has filed a patent in blockchain technology, and it is looking into increasing efficiency, security and establishing an identity verification system or Digital Identity on blockchain. A 26-page report issued by the USPS Office of Inspector General stated, “Identity services are one of the biggest areas of opportunity in the blockchain community, and the Postal Service, as a highly trusted government agency, would be well-suited for a role in identity verification.” The USPS report continued, “Customers could use these verified identities to log in to secure websites, notarize documents or participate in smart contracts.”

Leafy greens may not be the first thing you think of when you think of blockchain, but in the wake of an outbreak of E. Coli in 2018, Walmart worked with IBM to deploy a blockchain-enabled Food Traceability Initiative. Consumers now will have an unprecedented ability to see exactly what, when and where their food comes from, and this helps to create a new level of trust and transparency in the food industry. Walmart will require farmers and food suppliers to have these blockchain-enabled systems in place by the end of 2019.

The social media company Facebook also has launched a cryptocurrency called Project Libra with 27 other partners such as Coinbase, Mastercard, Visa, eBay, PayPal, Stripe, Spotify, Uber, Lyft and Vodafone. This project differs from other cryptocurrencies such as Bitcoin and Ethereum as Project Libra is a stablecoin designed to minimize the volatility of the price and is backed by a reserve fund, while Bitcoin has a volatile value.

Extended Studies at the University of Nevada, Reno offers Blockchain Basics and Advanced Blockchain for Business Certificate Programs.


Nathaniel Jones, CISSP is a blockchain instructor at the University of Nevada Reno, Extended Studies. He is one of the instructors for both the Blockchain Basics and Advanced Blockchain for Business certificate programs. His interests are in Linux, open source software/technologies and security research. Currently, he develops blockchain projects as a blockchain consultant.


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Art 3.0 | Monart.art Bringing Blockchain to the Art World


Malo Girod de l’Ain came to art in a roundabout way. A Parisian through and through, his aunt, Hélène Girod de l’Ain, was a famous artist and his parents’ home still hosts a number of delightful paintings. He enjoyed art as a hobby but loved innovation and technology. As a result he attended a science college studying engineering. Science courses were not focused but rather covered all fields. This gifted Malo with the ability to learn on the fly.

“The university taught me to learn how to learn.”

After qualifying Malo wanted to work in New York and sent off various letters to consulting firms that did not answer. Undeterred, Malo packed two suitcases and headed off to New York arriving on the office doorsteps. He was offered jobs in two firms and worked in New York for the year. 

“I did not want to be an American and so I returned home.”

He also did not want to be an engineer but rather chose to be an entrepreneur. He founded his first company as a consultant company, but soon had opened many more in the fields of technology, software, CD-ROMs, the internet, content sites and new media art production. 

An introduction by a friend led to Malo designing the first official website for the 1995 Cannes Film Festival. He was moving his interest in technology over to the creative, artistic world. He travelled backwards and forwards to Silicon Valley and kept up to date on all the new technical innovations.

“There is something in human creativity that really interests me, whether is it painting or design, especially as we live in accelerated times. An artist is one of the most innovative of people and we can discover through their work how to look at the world with new eyes. Artists can reinvent the world and showcase what is happening and explain new ideas to the universe.”

Malo opened a publishing house which produced non-fiction books looking at ideas that were changing the world. Malo published the first book on blogs, a new phenomenon at the time. This was the era of electronic books and Malo viewed books not a physical collection of papers bound together but a means of creating a community. Ten years ago, this convergence of art and technology led Malo to found the first international digital art production company.

“Our artists were digital, new media artists,” he explains. “And our customers were large corporates or government departments. We provided digital art B2B.”

Malo’s artists developed impressive art installations for events or sometimes as permanent fixtures. One project which holds pride of place in his memory was a bid to renovate the pedestrian underground tunnel that led into Paris’s Stade de France stadium. The tunnel was dark and depressing. Malo’s successful bid saw more than 250 coloured LED bulbs installed that mimicked traffic in the tunnel and from the highway above. Pedestrians using the tunnel now have an interactive experience and take thousands of selfies and videos. Digital art had transformed the walkway.

“This is core to what I love about digital art. It has the capacity to transform a space, to create an experience which is often interactive. We are only at the start of this process. The audience for digital art is growing and people find it fascinating.”

Malo Girod de l'Ain
Malo Girod de l’Ain winning the best ICO project of the year 2018. Source

Running his production studio and labs, Malo began to make connections in the art world and one key professional was Pauline Houl, a gallery owner and manager in Beijing and ultimately his co-founder in monart.art. They began to speak about possible collaboration. Pauline is responsible for a vast space in district 798, previously an industrial and factory space. Now district 798 is now synonymous with hipsters, art galleries and is currently undergoing gentrification. Her gallery is huge at 2000 metres squared.

“Just under two years ago, Pauline and I decided to launch our own project – on the blockchain. I’d been keeping tabs on the industry for a number of years and could see the obvious benefits for our sector. In a nutshell, it was the right time to use blockchain to innovate and fundraise.”

The team was put together very quickly. And then they visited the island of Malta and were very quickly won over by the leadership in cryptocurrencies offered by the Maltese government.

“Malta is an amazing island. The government is very future thinking and innovative in its legislation. We headquartered our company in Paris but we also registered here in Malta. As a bonus the island is very beautiful and the people very warm. We are now setting up our token offering regulated by the MFSA, the Malta Financial Services Authority, here on the island. It makes our tokenisation very simple.”

Enter monart.art. It is a thoughtful, explosive concept that will utterly disrupt the art world, in a good way. Conservative estimates put the current global art market capitalisation at around $3 trillion and the yearly market at $67 billion, but that is controlled and managed by a handful of galleries and dominated by a small number of investors. It is not uncommon to see individual art works achieving vast sums at auction but again those figures are limited to the very few: so high cost of entry and lack of accessibility currently characterises this industry.

monart.art challenges this world by doing two main things. The first is to create a new art platform for the art community to discover new artists and new art. This will be digitally enhanced and include virtual exchanges and 3D views of individual artist’s studios. 

As Malo explains: “Very few people would have the opportunity to visit living artists’ studios. By putting this online, people who might be curious about an artist can see in detail how they work and understand more about their pieces. But it is not just static video, we will share this content on many devices so people can watch and learn on their tablets, mobiles, and even VR headsets.”

This dynamic concept is based on the idea that people can discover art in new and different ways that can be more fun and less intimidating than traditional galleries or museum exhibition. 

“We want to attract a new digital generation,” says Malo.

The issue of cost is another barrier to entry for art lovers. The lack of open accessibility is somewhat ironic as the art market has outperformed traditional financial stock and shares significantly. If you have money to invest in art works you can make serious returns. Few people really understand this and as a result few are able to get involved. 

“To invest in art professionally, you would need to invest in between 20 and 50 pieces and that cost (measured in millions) is way beyond most people,” says Malo. “In monart.art we are curating collections of art and our community can invest in modest increments of €1,000 or €10,000. 

“This is achieved by using blockchain, in particular the Etherereum blockchain, to tokenise our art. The blockchain provides secure registration of provenance of art and transactions. We are tokenising using the ERC20 71 token which provides Non Fungible Tokens (NFT) which are unique and corresponding to each artwork.”

Currently monart.art has an alpha MVP which it is testing via invitation only currently but over the summer it is planned to open the MVP to the public at large so they can explore, purchase and comment on the art on the platform.

Recently the team launched at Art Basel, the pre-eminent art conference in the world. The team has grown and now includes new art experts in the body of Christophe Durand-Ruel (ex Christie’s) and Eva Hober (owner of her eponymously named Parisian Gallery) who recently joined the company.

“Eva is our first Chief Art Officer – CAO – and I think that might be a first,” says Malo with pride. 

“And Christophe’s great, great grandfather is the man who invented the current gallery model. It’s pretty amazing that Christophe is now involved with another shake-up in the art world after all this time.”

Monart.art launched at Art Basel and introduced the company to the art world. Already there is much excitement and as a result of articles in different mainstream and art publications, the big galleries are looking to speak with Malo and Eva at the conference.

Malo is very excited as he left for Basel. The private sale is going well with a possible $5 million committed by investors (due diligence needed to get these commitments over the line) and the public IEO’s hard cap is set at $20 million. After Basel, the team moves on to visit top blockchain conferences in London, San Francisco and Asia. 

It’s going to be a busy summer for art lovers.



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Brazil completes first blockchain real estate sale


The first ever real estate transaction entirely carried out via blockchain technology has been completed in Brazil.

Local construction giant Cyrela and startup Growth Tech carried out the sale under the project Notary Ledgers, which enables users to request and track notary services in a digital environment.

The service, underpinned by IBM Blockchain technology, enabled the reduction of timescales involved in the property sale process, which usually takes about a month, down to 20 minutes.

“We have been looking for blockchain applications for the legal market for some time now. The completion of this transaction reinforces our openness to using technology to improve the real estate business environment in the country,” said legal affairs director at Cyrela, Rafaella Carvalho.

Individuals and businesses will be able to use the Notary Ledgers platform to issue other documents such as birth, death and civil partnership certificates, once regulation is in place to allow Brazilian notary offices to fully operate through the technology.

According to Growth Tech founder Hugo Pierre, the process currently adopted by notary offices in Brazil needs to migrate to a blockchain-based digital service.

“A digitally signed document in our platform will have the same validity as a manually signed in person at a notary office since transactions are also validated by the notary network,” Pierre said.

“These transactions also have a high level of security and transparency, which will help tackle fraud and improve service delivery timescales.”

Last month, France claimed the first such real estate transaction in Europe, with local firm Equisafe selling a luxury building in Paris for $7.37 million via the Ethereum blockchain.



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Blockchain, where’s the value for telecoms?, Blockchain


How are telcos exploiting, and to what extent, blockchain technology? This question was posed to Adriano Poloni, Global Technology Lead, Communications & Media Industries from Accenture at the recent Digital Transformation World in Nice. He outlined how Accenture has been working with CSPs and the TM Forum to document a series of use cases in a report entitled “Blockchain, where’s the value for telecoms”. Data sharing and data mutualization and the transfer of value all both applicable and able to be leveraged in our industry. In some use cases, multiple parties that do not necessarily trust each other, will be able to utilize blockchain to achieve the first goal.

Featuring Adriano Poloni, Global Technology Lead, Communications & Media Industries, Accenture

Filmed at Digital Transformation World 2019, Nice, France



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Siemens Evaluates Blockchain Potential For Carsharing


Siemens has dialed into multiple blockchain use cases.

Getty

</div> </div> <p>With the invention of bitcoin came a new, secure method of value transfer, via its underlying technology blockchain. Since bitcoin’s inception ten years ago,&nbsp;a plethora of mainstream entities have investigated various ways to&nbsp;channel&nbsp;blockchain’s potential. Automation giant Siemens is&nbsp;evaluating the technology for&nbsp;various enterprise use cases, including&nbsp;improving the carsharing market.</p> <p>Siemens is following the trend of&nbsp;mainstream giants looking to incorporate&nbsp;blockchain. &quot;We are in the space where we want to come up with industrial extensions of blockchain systems, […] blockchain systems for enterprises,&quot;&nbsp;Siemens Corporate Technology head of cybersecurity and blockchain Andreas Kind said to me in an interview. Kind mentioned use cases pertaining to areas&nbsp;such as supply chain, mobility, manufacturing, etc.</p> <p>When entities are interested in making the move toward blockchain, they generally undergo periods of testing and discovery before choosing the most effective and applicable use cases, Kind explained. &quot;Siemens is exactly in this kind of phase,&quot; he added.&nbsp;The company&nbsp;just completed a period of exploration, Kind said, adding, &quot;Now we’re at the point where we’re really zoomed into a set of use cases that are related to Siemens’&nbsp;business.&quot; Siemens is looking toward permissioned blockchain usage in particular, Kind noted.</p> <p> </p> <p><strong>Blockchain In The Mobility&nbsp;Arena</strong></p> <p>The cybersecurity and blockchain head mentioned the area of mobility as one of&nbsp;Siemens’&nbsp;particular blockchain application focuses. Siemens has a separate branch devoted to the mobility sector. Siemens Mobility,&nbsp;a&nbsp;<a href="https://www.railwaygazette.com/news/business/single-view/view/siemens-mobility-becomes-legally-separate-business.html" target="_blank" rel="nofollow noopener" data-ga-track="ExternalLink:https://www.railwaygazette.com/news/business/single-view/view/siemens-mobility-becomes-legally-separate-business.html">daughter company</a> of the German-based Siemens AG,&nbsp;works&nbsp;to provide &quot;<span>transport solutions,&quot; relating to the movement of &quot;people and goods&quot; to various locations globally,&nbsp;</span>according to its <a href="https://new.siemens.com/global/en/company/about/businesses/mobility.html" target="_blank" rel="nofollow noopener" data-ga-track="ExternalLink:https://new.siemens.com/global/en/company/about/businesses/mobility.html">website</a>.</p> <p><strong>Carsharing As An Option</strong></p> <p>Rather than dealing with some of the&nbsp;responsibilities associated with owning a car, such as parking, car payments and insurance, folks who live&nbsp;or work in larger&nbsp;urban areas may often rely on carsharing, Kind explained. Carsharing allows members of the service&nbsp;to use or rent a car for any period of time, even for as short as one hour, according to details on the Enterprise CarShare <a href="https://www.enterprisecarshare.com/us/en/faq.html" target="_blank" rel="nofollow noopener" data-ga-track="ExternalLink:https://www.enterprisecarshare.com/us/en/faq.html">website</a>. Zipcar is another <a href="http://www.zipcar.com/" target="_blank" rel="nofollow noopener" data-ga-track="ExternalLink:http://www.zipcar.com/">example</a> of a carsharing operation.</p>

<p>Kind said,</p> <blockquote> <p>There’s a big transformation happening. So in the future, there will be many more opportunities around mobility services, rather than simply selling a car, and you see it already in the context of carsharing for instance. People want to go from A to B rather than having a car and moving because it’s just much more conveneient sometimes than having your own car.</p> </blockquote> <p>Carsharing does have its difficulties though, as Kind mentioned &quot;the fueling card&quot; in particular. Under a carsharing subscription, &quot;you don’t have to worry about paying for the parking, you don’t have to worry about fueling the car, so everything is included,&quot; Kind said.</p> <p>At times, however, customers might need to refill the vehicle with gas, Kind said.&nbsp;Locating&nbsp;a suitable&nbsp;gas station&nbsp;can be difficult as customers need to fill up their vehicles at specific gas stations that are&nbsp;in collaboration with the company the customer is carsharing through. When the customer finds a place to fill up, they then must use their fueling card with its associated personal identification number (PIN), Kind detailed.</p> <p>&quot;It’s not only inconvenient for the drivers, it’s inconvenient for the companies because fueling cards get stolen [and] they get sold on the internet,&quot; Kind&nbsp;noted&nbsp;as one example of fraudulent play. &quot;That’s an example where, in an industrial context, you need something, a technology, that brings together different participants that [don’t] fully trust each other,&quot; he explained. &quot;That’s exactly where blockchain can add value.&quot;</p> <p><b>Carsharing And Blockchain&nbsp;</b></p> <p>Carsharing is one area that Siemens&nbsp;is looking into for blockchain incorporation, &quot;where blockchain enables a much more frictionless way of transacting,&quot; Kind explained.&nbsp;&quot;The transaction could be in car delivery, it could be [in] simple carsharing, like unlocking a car,&quot; he added. Kind also noted&nbsp;many&nbsp;interacting parties, such as&nbsp;managers, the &quot;organization owning the cars,&quot; &quot;garage providers,&quot; etc. &quot;All this should be completely seamless in the way the transaction is happening, and blockchain is really the right technology here,&quot; Kind said.</p> <p>At Bosch’s 2019 Connected World conference, Siemens’ Corporate Technology team detailed&nbsp;the concept&nbsp;of&nbsp;&quot;blockchain-based smart parking&quot; as one possibility of blockchain usage, a Siemens representative explained to me in an email.</p>

Blockchain-based smart parking proof-of-concept

Siemens Corporate Technology

</div> </div> <p>&nbsp;</p>”>

Siemens has dialed into multiple blockchain use cases.

Getty

With the invention of bitcoin came a new, secure method of value transfer, via its underlying technology blockchain. Since bitcoin’s inception ten years ago, a plethora of mainstream entities have investigated various ways to channel blockchain’s potential. Automation giant Siemens is evaluating the technology for various enterprise use cases, including improving the carsharing market.

Siemens is following the trend of mainstream giants looking to incorporate blockchain. “We are in the space where we want to come up with industrial extensions of blockchain systems, […] blockchain systems for enterprises,” Siemens Corporate Technology head of cybersecurity and blockchain Andreas Kind said to me in an interview. Kind mentioned use cases pertaining to areas such as supply chain, mobility, manufacturing, etc.

When entities are interested in making the move toward blockchain, they generally undergo periods of testing and discovery before choosing the most effective and applicable use cases, Kind explained. “Siemens is exactly in this kind of phase,” he added. The company just completed a period of exploration, Kind said, adding, “Now we’re at the point where we’re really zoomed into a set of use cases that are related to Siemens’ business.” Siemens is looking toward permissioned blockchain usage in particular, Kind noted.

Blockchain In The Mobility Arena

The cybersecurity and blockchain head mentioned the area of mobility as one of Siemens’ particular blockchain application focuses. Siemens has a separate branch devoted to the mobility sector. Siemens Mobility, a daughter company of the German-based Siemens AG, works to provide “transport solutions,” relating to the movement of “people and goods” to various locations globally, according to its website.

Carsharing As An Option

Rather than dealing with some of the responsibilities associated with owning a car, such as parking, car payments and insurance, folks who live or work in larger urban areas may often rely on carsharing, Kind explained. Carsharing allows members of the service to use or rent a car for any period of time, even for as short as one hour, according to details on the Enterprise CarShare website. Zipcar is another example of a carsharing operation.

Kind said,

There’s a big transformation happening. So in the future, there will be many more opportunities around mobility services, rather than simply selling a car, and you see it already in the context of carsharing for instance. People want to go from A to B rather than having a car and moving because it’s just much more conveneient sometimes than having your own car.

Carsharing does have its difficulties though, as Kind mentioned “the fueling card” in particular. Under a carsharing subscription, “you don’t have to worry about paying for the parking, you don’t have to worry about fueling the car, so everything is included,” Kind said.

At times, however, customers might need to refill the vehicle with gas, Kind said. Locating a suitable gas station can be difficult as customers need to fill up their vehicles at specific gas stations that are in collaboration with the company the customer is carsharing through. When the customer finds a place to fill up, they then must use their fueling card with its associated personal identification number (PIN), Kind detailed.

“It’s not only inconvenient for the drivers, it’s inconvenient for the companies because fueling cards get stolen [and] they get sold on the internet,” Kind noted as one example of fraudulent play. “That’s an example where, in an industrial context, you need something, a technology, that brings together different participants that [don’t] fully trust each other,” he explained. “That’s exactly where blockchain can add value.”

Carsharing And Blockchain 

Carsharing is one area that Siemens is looking into for blockchain incorporation, “where blockchain enables a much more frictionless way of transacting,” Kind explained. “The transaction could be in car delivery, it could be [in] simple carsharing, like unlocking a car,” he added. Kind also noted many interacting parties, such as managers, the “organization owning the cars,” “garage providers,” etc. “All this should be completely seamless in the way the transaction is happening, and blockchain is really the right technology here,” Kind said.

At Bosch’s 2019 Connected World conference, Siemens’ Corporate Technology team detailed the concept of “blockchain-based smart parking” as one possibility of blockchain usage, a Siemens representative explained to me in an email.

Blockchain-based smart parking proof-of-concept

Siemens Corporate Technology

 



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Blockchain Technology is a Watershed of Trust


Jul 15, 2019 at 12:49 // News

Blockchain technology is a watershed of trust in Italy not only from the available data but also from the increasing sensitivity towards the certification of the goods and services, and this has led to the surfacing of robust consumer attention.


As we know that the supply chain is a corporate network that organizes the flow of people, activities, information and resources to transport a good or service from a manufacturer to a final customer, in the most effective, secure and transparent way possible. It has an impact on people, on how they exchange value, but also on businesses and society.


Participants must organize themselves in better ecosystems and explore various business models, that ascend from new means of exchanging information. Therefore, it is very important to adopt rules and systems which enable exchange, viz., collaborative and competitive logics, in which all active participants follow general rules of collaboration in the discerning sharing of their assets, according to their individual detailed business purposes.


Blockchain to Transform Business Processes  


Today, the digital transformation is producing exogenous and extrinsic modifications of business processes. From a technological point of view, the openness of the blockchain systems, is made possible by approaches to open interfaces for the exchange of data and services. The Blockchain and distributed ledger technology will be the basis of a new economic system, where the rules of system governance and transaction regulation can be implemented independently through smart contracts.


The exceedingly innovative nature of these economic models will require to be edged in a new and specific governance model. In order to achieve this, Italy must consider and keep together the concepts of trust, transparency, tracking and new technology. Italian financial authorities including the Ministry of Economic Development and Bank of Italy should level the ground for innovations and fintech to thrive.


Furthermore, the issue of privacy in supply chains is also very big thing to consider, particularly important as the country needs to understand how to handle data on four aspects: the sender, the owner, the recipient and the content.


Watershed of Trust


Sensors must write data on the Blockchain that makes them eternal and, with the addition of a cryptocurrency that represents the managed resource, an automatic payment reconciliation system will also be obtained.


What makes them change is that after putting the physical good in sync, as can be a luxury item, with its digital identifier, it is necessary to tie it to an economic value, easily exchangeable, at high speed, between the subjects.


In this way, whoever owns the cryptocurrency can easily exchange it at the same high speed that digital allows. Removing the manual action and paper transcription, the paperwork giving rise to errors, means removing humans from the process and making it faster, therefore at a lower cost.  


The Blockchain is, therefore, a watershed of trust: before introducing the data, only the human one exists in reality; after having introduced the datum inside, trust is placed in the mathematical proofs that it preserves.



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