The Global Blockchain Business Council and Janus Henderson Investors have released a new survey this week. The two firms reveal that executives at asset management firms still struggle to understand blockchain technology. The groups interviewed 50 buy-side organizations. From that survey, just 24% of respondents stated that they had an above-average knowledge of blockchain technology.
HSBC World Bank will track $20 billion in digital assets on a blockchain storage platform in 2020. The company plans to initiate the platform Digital Vault by March.
Error (or fraud-) prone recording of auto inventory will be a thing of the past after JP Morgan implements blockchain.
Wholesale car financing at JP Morgan will get a lot easier after the bank puts auto dealers’ floorplan lending onto a distributed ledger, or private blockchain.
Floorplan lending refers to the revolving line of credit provided by a bank against the collateral of vehicles forming a dealer’s unsold inventory.
Storj Labs’ beta storage service announced its Beta2 launch and the pricing thereof. The Tardigrade Decentralized Cloud Storage Service claims it costs less than half of legacy cloud storage providers.
Walmart Canada and blockchain company DLT Labs collaborated to develop the retail giant’s automated freight tracking and payments system.
The new blockchain-based logistics system will use distributed ledger technology. It will track deliveries, verify transactions, and automate payments and reconciliation for the vast logistics of Walmart Canada.