A new enterprise-focused blockchain is trying to carve a spot in this competitive market by focusing on an integrated digital identity system. Called Concordium, the blockchain is among the first to use identity proofs as an integral part of its protocol. Cointelegraph spoke with Concordium’s chief marketing officer, Beni Issembert, to learn more about this system. Issembert said that “the question of identity is what we thought was missing in the whole discussion when it comes to blockchain enterprise.” At first glance, the blockchain is set up in a similar way to any other, where the hashes representing wallet accounts …

As the blockchain space continues to mature, enterprises are starting to realize the technology’s capabilities. A major promise of blockchain is its ability to connect industries that typically operate in silos, bringing about new opportunities for data-sharing and increased transparency. While private blockchain networks are efficient for sharing sensitive data between network participants, public blockchain networks like Ethereum are gaining traction for organizations seeking data integrity. A report by Big Four firm Ernst & Young published in November 2019 found that the number one use case for enterprise blockchain adoption is data integrity, stating: “By default, any on-chain data is …

In the enterprise realm, blockchain has moved from an experimental toy to a top-five strategic priority. As a technology that can improve security and coordination both within and between enterprises, it is now seen as an important path to digitalization — particularly in an increasingly data-centric business world. However, while high levels of investment into enterprise blockchain projects have been sustained over the last three years, the stark reality is that the vast majority still never make it beyond proof-of-concept. In fact, as few as 5% make it to production and, according to global research and advisory firm Gartner, 90% …

Some of the billion-dollar businesses across the globe have been embracing blockchain technology to efficiently share sensitive data between multiple parties across a single network. While the concept is welcome, early adopters of blockchain technology have often found themselves lured toward private networks due to security concerns and a greater need for control. Yet, as the blockchain space continues to mature, there has been a shift in the enterprise mindset. While “enterprise blockchain” was once defined by private networks, the blockchain space is entering a new era, one that is bound to be dominated by public blockchain adoption. Author and …

Although recycling may seem like a relatively simple concept, the plastics recycling supply chain proves otherwise. From understanding which plastics get recycled to determining the quality of those plastics, these issues and more are resulting in lower recycling participation rates. Statistics show that by 2024, the global recycling market is expected to reach $377 billion. However, plastic waste management has become an issue severely impacting today’s environment. For example, the United Nations estimates that about 300 million tons of plastic waste is produced globally each year. Unfortunately, only 9% of that is recycled. U.N. findings further show that about 12% …

Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer, according to local news on July 31. It is said to be a nationwide first for the country’s domestic wine industry. According to Changyu, the platform is designed to trace every step of the wine-making and sales processes, including planting, brewing, distribution and management. It will issue a unique traceable certificate for each bottle of wine it produces. The whole process will be recorded on the blockchain network. The firm’s bottles’ scannable QR codes would …

A system in which health officials would be able to track blood donations from vein-to-vein in real-time, given the complexities of the blood supply chain, may sound impossible. However, using blockchain technology to track and trace blood supply chains may turn this idea closer to reality. The American Red Cross estimates that someone in the United States needs blood every two seconds. The organization further announced that it’s facing a severe shortage of blood, particularly that of convalescent plasma — a type of blood donation that contains antibodies collected from individuals who have recently recovered from COVID-19. It’s clear that …

BRD recently updated its wallet compatibility, allowing storage of Hedera Hashgraph's HBAR coin. "In addition to the integration in the BRD consumer wallet, Hedera’s network data will be supported in BRD’s recently launched enterprise-grade blockchain data integration platform Blockset, which powers the BRD consumer wallet," said a June 25 statement provided to Cointelegraph. Blockset aids enterprise endeavors Aimed at the enterprise sector, Hedera touts itself as a proof-of-stake, or PoS, public ledger ecosystem, according to its website. The technology uses what it calls Hashgraph network consensus. The project's incorporation with Blockset plays on Hedera's enterprise lean. Essentially, entities looking into …

LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations. Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera Governing Council. Harmon noted that LG will specifically work with the other council members to identify ways that distributed ledger technology, or DLT, can benefit consumers and supply chain partners, saying: “LG has fantastic use cases and reach, and although we aren’t prepared to talk …

The Baseline Protocol has successfully executed a proof-of-concept in which multiple companies privately and securely synchronized data and managed purchase orders on top of the Ethereum (ETH) mainnet. The concept demonstrates how enterprises can use the protocol to securely collaborate in executing business processes over Ethereum without exposing valuable proprietary data. Baseline Protocol’s development was spearheaded by ConsenSys, Microsoft, and Ernst & Young. Baseline concept advances enterprise use-cases for Ethereum On May 21, Baseline Protocol published a demo detailing “multiple companies digitally managing purchase orders and volume discount agreements across disparate systems” on Ethereum. The concept’s stakeholders used two different …

The question of whether enterprises should use public or private blockchains for business has become extremely relevant today. A recent report from Fortune Business Insights predicted that the blockchain market will reach $21 billion by 2025, highlighting the fact that large companies are adding momentum to the market through new investments. Unsurprisingly, as more players enter the blockchain arena, information regarding the best blockchain solutions for enterprises is coming up for debate. For instance, during the online Consensus: Distributed Conference, Adam Caplan, the senior vice president of emerging technology at Salesforce, commented that public blockchains are not secure enough for …

After talking about Hedera’s Consensus-as-a-Service model in the first part of Cointelegraph’s interview, Hedera CEO Mance Harmon mentioned one specific use case of enterprise blockchain to organize industry cooperation. Like with public blockchains, enterprise-based solutions are a way of coordinating participants of an ecosystem who cannot rely on trusting each other. When asked about specific examples of industries benefiting from blockchain, Harmon referred to one of their clients, the Coupon Bureau. Blockchain-secured coupons The Coupon Bureau is a non-profit organization that Harmon called “the heart of the coupon industry in the United States.” Through various other corporate associations and committees, …