In this month’s issue of Applied Blockchain, we see progress on Zoom’s 90-day security initiative as they announce the acquisition of Keybase – a public key cryptography encryption developer.
Italy has firmly stepped into the world of blockchain as it seeks to combat counterfeit products through the application of blockchain to authenticate goods and raw materials in the supply chain.
In May, we were also presented with further details of Visa’s ‘digital dollar blockchain patent’, as it is revealed their patent filing is for a fiat-linked cryptocurrency system using “a private permissioned distributed ledger platform.”
Below is the full May 2020 issue of Applied Blockchain for you to read, download and share.
APPLIED BLOCKCHAIN
May 2020 – Issue 01
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In this Issue
Privacy has quickly risen to the top of the list, predominantly driven by Zoom’s rise in popularity as their user base has grown as the world entered lockdown.
Their 90-day push for increased security on their platform has highlighted how digital services can adopt blockchain technology to facilitate end-to-end encryption.
This coincides with WeChat’s (Tencent Holdings) announcement that they will be investing nearly $70 Billion in fintech development, including blockchain, to mirror Beijing’s call for new (digital) infrastructure.
Regardless of investments in digital infrastructure, in response to a rise in demand, applied blockchain continues to find its place in large consumer facing products.
The Italian government has demonstrated its faith in blockchain technology, through a $16.2 million investment to combat counterfeit “Made in Italy” products. This project outlines the value blockchain can deliver to provide a secure ledger of intellectual property rights and the authentication of goods and raw materials through the supply chain.
Whilst this project deals in more tangible products, it demonstrates blockchain’s ability to protect the intellectual property of a brand.
And lastly, the World Economic Forum have produced a timely toolkit designed to help enterprise plan and deploy a blockchain solution. The toolkit has been created from lessons learned from over +40 global supply chain use cases –Giving readers an idea of how many use cases are already in play.
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