New DLT Protocol Scalable, Secure Without Consensus, Researchers Claim

Researchers have developed a new algorithm for distributed ledger protocols, which reporters claim could achieve security without the high power consumption of Bitcoin (BTC) mining. The algorithm, “Scalable Byzantine Reliable Broadcast,” was outlined in a paper first published this August and being presented today, Oct. 16, at the International Symposium on Distributed Computing (DISC 2019)…

Ford Uses Blockchain Tech to Track ‘Green Miles’ Driven By Vehicles

The Ford Motor Company is looking into blockchain technology and geofencing to accurately track the number of “green miles” driven by its energy-efficient vehicles. Analyzing real-world benefits of energy-efficient vehicles On Oct. 15, Ford announced that it is expanding its European plug-in hybrid electric vehicle (PHEV) pilot project to Cologne in Germany. The United States…

IBM Launches New Blockchain Supply Chain Product Using Red Hat Tech

Global tech giant IBM has launched a new integrated supply chain product based on IBM’s technologies including Watson AI and IBM Blockchain. Hybrid-cloud integration Called Sterling Supply Chain Suite, the new IBM’s product enables hybrid-cloud support of data integration between manufacturers, retailers and other network participants, purportedly providing greater reliability, transparency and security, the firm…

Pantera Capital Leads $5M Seed Round of Decentralized Derivatives Startup

Pantera Capital has led a $5 million strategic seed round of decentralized derivatives protocol Vega. According to an announcement published on Oct. 3, the round included participants such as Ripple’s investment arm Xpring, Hashed, NGC Ventures, gumi Cryptos Capital, Rockaway Blockchain, KR1, Eden Block, Focus Labs, Greenfield One, Monday Capital, RSK Ecosystem Fund, and a group of…

Iceland-based IKEA Utilizes Ethereum-Based Token To Settle An Invoice via Monerium

Renowned Swedish furniture store IKEA has used an Ethereum-based token to clear an invoice. According to the Nextweb, the payment was done with a local retailer using blockchainfield digital cash. The payment was enabled by Tradeshift which is a supply chain payments management firm. The transaction was made using the digital Icelandic version of the Krona that was developed by Monerium. According…