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Bringing the benefits of blockchain to the enterprise database

Many businesses want to enjoy the benefits of blockchain regarding the visibility and provenance of the data. However, they don’t necessarily want or need the complexity that comes with its decentralization feature. Our research focuses on simplifying the usability and reducing the management overhead for use cases where a trusted cloud provider operates the solution. […]

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Blockchain for managing judicial bonds and deposits

Complex business processes that involve hundreds of external partners, thousands of discrete events to be recorded and tracked, and millions in funds are excellent candidates for digital transformation using blockchain. Managing a portfolio of judicial bonds and deposits, also known as judicial guarantees, is one such process. Some countries, jurisdictions and court systems require companies […]

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Blockchain and letters of guarantee

Paper-intensive financial instruments, especially those that require back-and-forth negotiations between parties, are ripe for digitization and blockchain. Add in the potential for fraud with paper processes, and the rationale for blockchain is even greater. The bank guarantee, or letter of guarantee, is just such an instrument. Bank guarantees facilitate doing business by adding trust to […]

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Blockchain and trade finance

According to the 2020 Global Trade Survey from the International Chamber of Commerce, trade and trade finance are in a state of global uncertainty, in part due to COVID-19. While many banks surveyed expressed concern over pandemic-related declines in trade flows and revenues, the survey also found that lockdowns and working from home are hastening […]

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Blockchain Newsletter for February: Sustainability, COVID-19, crypto and digital events

Of the 96 companies that have been included in the Forbes Blockchain 50 since 2019, only 12 have made the list for all three years — including IBM. Three other 2021 listees have partnered with IBM for their claims to Forbes fame. A.P. Moller-Maersk made the list for TradeLens, the international shipping platform co-created with […]

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A look at the operations in blockchain-anchored business networks

In building a blockchain platform-centric business network, it is very important to define and build a network with operational efficiencies for sustainability. In our previous post, we discussed how important trust is to building these networks and the key role blockchain plays to enable trust and transparency for all participants. We also laid out the […]

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Streamlining financial netting with blockchain

A process that is ripe for digitization and automation is financial netting, a way of consolidating or reconciling multiple payments between two or more parties to create a single amount due to each participant. It simplifies doing business and reduces risk. Banks do it. Securities, currency and other markets do it. Service providers, central exchanges […]

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Helping empower refugees with blockchain and process automation

Today, technology plays a key role in all aspects of life. It connects like-minded communities to come together to help them solve common problems. But when certain problems are at such a large scale where they affect the whole world, there is a need to have a platform that can quickly onboard interested parties across […]

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Blockchain for invoice reconciliation and dispute resolution

Every industry experiences a productivity hit when discrepancies arise around financial settlements. In the supply chain, for example, processes that may even be part of an automated procure-to-pay workstream grind to a halt when an invoice and the related goods received documentation don’t match up. Even data-driven industries like telecommunications are affected, with hundreds of […]

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