Blockchain Refresh: Why KPMG’s New Strategy Focuses on Customs

  KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to expanding its blockchain activities beyond the pure financial services work it had been doing, to explore a less-traveled path. Specifically, KPMG is homing in on the point where cross-border manufacturing and supply chain meet finance, customs duty, taxation and compliance. This is different than the usual supply chain use case, Ghosh said.…

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

  “Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial…

Dexon Code Review: dApp Blockchain Platform

  Dexon Code Review – sounds like an oil company, but no! Surprise, it’s the ‘premier blockchain platform for developing dApps’. Might be news to a few other platforms, but sure, let’s go with that. By the way, Dapps? dApps? DApps? D’apps? (I made the last one up, but again, why not?) I think we should all just agree to call them supercallifragilisticdistributedapplications and be done with it. So what’s the pitch: “DApps mass adoption is made possible with DEXON’s infinitely scalable, low-latency, and energy-efficient blocklattice technology.” Infinitely scalable. Why are…

Blockchain Phone | Sirin Labs Finney Device Ready for Shipping

Sirin Labs’ blockchain phone is expected to begin shipping in late December, it was announced today. The phone’s final design was unveiled at an event in Barcelona. Sirin Labs’ Blockchain Phone Dubbed ‘Finney,’ the blockchain phone promises to advance the user experience of decentralized apps, or dApps. The blockchain phone was developed off the back of an initial coin offering in which Sirin Labs raised $157 million earlier this year. However, it’s wondered if the creation of Finney is an example of putting the cart before the horse, as there simply…

Gibraltar Stock Exchange Wins License for Blockchain Subsidiary

  The blockchain subsidiary of the Gibraltar Stock Exchange now has official approval from the island’s financial regulator. The Gibraltar Blockchain Exchange (GBX) announced Thursday that the Gibraltar Financial Services Commission (GFSC) has granted it a license under the jurisdiction’s new regulatory framework for distributed ledger technology (DLT), claiming to be the first stock exchange to own a regulated blockchain exchange. The GBX was first launched in July as an “institutional-grade” token sale platform and digital asset exchange. It currently offers U.S. dollar onboarding and a number of trading pairs…

Cboe’s Head of Equity Options Just Joined a Blockchain Startup

  Blockchain startup AlphaPoint has hired a senior executive from Cboe Global Markets, the parent of the Chicago Board of Exchange. Revealed exclusively to CoinDesk, Kapil Rathi joined AlphaPoint as global head of trading markets,  a newly created position, and will be in charge of the company’s trading and exchange business. He was previously Cboe’s head of equity options, and earlier worked at the New York Stock Exchange, ISE (now a part of Nasdaq) and Bats Global Markets, which Cboe acquired in 2017. Rathi told CoinDesk that he has been watching…

IBM and Maersk Struggle to Sign Partners to Shipping Blockchain

It’s hard enough to get enterprises that compete with each other to work together as a team, but it’s especially tricky when one of those rivals owns the team. Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains. Some 10 months ago, the project was spun off from Maersk (the largest container shipping company on the planet) into a joint venture with IBM. But in that time the network has enticed only one other carrier onto…

Australian Government Agency Says Blockchain ‘Interesting’ But Hyped

  The Australian government agency dedicated to streamlining the country’s IT operations has called blockchain “interesting,” but said it is hyped by firms working with the tech. The chief digital officer of the Digital Transformation Agency (DTA), Peter Alexander, indicated the view was arrived at after the organization received  AU$700,000 (about US$500,000) from the government in May to explore blockchain applications within government services. “Blockchain: Interesting technology but early on in its development, it’s kind of at the top of a hype cycle,” Alexander said at a parliamentary committee meeting on Tuesday,…

Blockchain Payment Company Veem Backed by Goldman Sachs

The blockchain payment company Veem just announced it has closed a $25 million funding round. The company closed its Series B funding round back in 2017. Veem states that Goldman Sachs and Google Ventures led the new funding round. Veem The latest round raised by the blockchain payment company Veem included a slew of new and existing investors. Silicon Valley Bank, Extol Capital, Trend Forward Capital, GV (formerly Google Ventures), Pantera Capital, and Kleiner Perkins contributed to the expansion of the company. Currently, small business owners have to deal with slow…