The Foundation has also launched a collaborative working group for traditional financial institutions to work atop of the company’s Besu Ethereum client.
India state refiner HPCL uses blockchain to verify purchase orders
Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders.
Hyperledger announced new members at commencement of global forum
The group said the addition of its newest members will introduce a diversity of innovations and accelerate the development of decentralized technologies.
ETH Merge will change the way enterprises view Ethereum for business
Industry experts explain how the Ethereum Merge will impact enterprise adoption for business use cases.
Blockchain-based solutions aim to address US disaster relief
Various blockchain solutions are being used by organizations and enterprises to create efficiencies for U.S. disaster relief efforts.
‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa
In an interview filmed during the World Economic Forum in Davos, Daniela Barbosa gives the floor to enterprise blockchains and the future of currencies.
Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem
Two of the releases are in their primary iteration, while the latter titled Iroha is a preview version of its second release.
Microsoft To Fight Piracy With Ethereum, Introduces Project Argus
When it comes to software piracy platforms, the top performers remain for the office productivity suite and Windows operating system. So it’s not a surprise that the developer of the two products, Microsoft, takes its moves in creating Ethereum backed anti-piracy measures.
Microsoft’s research department released a recent document involving contributions of other researchers from Alibaba and Carnegie Mellon University.
The document revealed that the software giant engaged in a blockchain-based reward system to fortify its anti-piracy campaigns.
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The research has a title, Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns. This implies that Microsoft will depend on the transparency of blockchain technology for its new system.
Argus is a protocol built on the Ethereum blockchain that proposes to give a trustless incentive mechanism. Also, it will secure data from any open unknown or hidden population of piracy reporters.
Here’s How Ethereum Powered Anti-Piracy Program Will Run
The document states that this should be taken as a shared system issue. Furthermore, it reveals that in the real application, there are unavoidable obstacles that need surmounting. It’s only the finished aspect that would ascertain the desired security irrespective of full transparency.
Argus allows tracing pirated content back to its source while giving a watermarking algorithm as contained in the document.
Furthermore, every report of leaked content, known as proof of leakage, has a procedure that hides the information. Hence, only the informer can report the exact watermarked copy without taking possession of it.
There are incentive-reducing precautions in the system that deter an informer from repeating the exact leaked content using different aliases.
The report from the paper believes in the security and functionality of Argus to achieve anti-piracy campaigns in real-world situations. It states that a shift to an incentive mechanism that is transparent is the expected solution.
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Explaining the challenge of fees in the Ethereum network, the document records the team’s optimization of many cryptographic operations.
ETH is trading sideways although bulls are trying to push Ethereum ahead | Source: ETHUSD on TradingView.com
This helps reduce the piracy reporting cost equitably for running 14ETH-transfer transactions on Ethereum’s public network. However, the expanded form represents thousands of transactions.
There is now a global concern from technological companies to protect intellectual property and combat digital piracy. For example, there’s a recent report of piracy combating move from the IT subsidiary of Indian Conglomerate Mahindra Group, Tech Mahindra.
The company launched its new platform that runs on blockchain-based digital rights and contracts. The platform operates on IBM’s Hyperledger fabric protocol, and it’s meant to boost the entertainment and media industry.
Featured image from Pixabay, chart from TradingView.com
Nigeria to pilot central bank digital currency in October
The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on October 1.
IBM opens Hyperledger Fabric source code to drive enterprise blockchain adoption
IBM shows its commitment to Hyperledger and enterprise blockchain development with its largest-ever contribution of open-source code.
IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources
“There is not really going to be a blockchain team any longer,” said a source.
Cambodia Central Bank Launches Bakong Blockchain Payments System
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.
IBM-R3 Pact Shows Tech Trumps Tribe in Enterprise Blockchain
A new collaboration this week between R3 and IBM is raising eyebrows in the world of enterprise blockchain.
Staying Alive: Why the World of Enterprise Blockchain Has Turned to Collaborations
Enterprise blockchain isn’t dead, but survival has meant more collaboration and some smart pivots. A dispatch from this week’s Consensus: Distributed.
CoinDesk 50: Besu, the Marriage of Ethereum and Hyperledger
Bringing big business to the Ethereum’s public blockchain is key to reaching “world computer” status, and Besu may be the project to do it.
China’s National Blockchain Will Change the World
As China rolls out its Blockchain-based Services Network (BSN), an insider describes the “breathtaking” scope of the initiative.
Hyperledger Conference Shows Where Blockchain Can Fight Global Warming
Social impact took center stage at this year’s Hyperledger Global Forum, with perhaps less of an emphasis on banking consortia and trade finance blockchains.
Hyperledger Conference Shows Where Blockchain Can Fight Global Warming
Social impact took center stage at this year’s Hyperledger Global Forum, with perhaps less of an emphasis on banking consortia and trade finance blockchains.
Russian Smelting Giant Nornickel Launches Metal Tokenization Platform for Testing
The Russian mining and smelting giant will issue metal-backed tokens on Atomyze, a Hyperledger-based blockchain platform.
IBM Blockchain VP: Every Dollar Spent on Blockchain Yields $15 on Cloud
Enterprise blockchain is a catalyst for further spending at Big Blue, according to Jerry Cuomo, IBM’s vice president of blockchain technologies.