Constellation Industry News Update 1/22/19

Dear Constellation Community,

We hope your week is off to a great start. . Read on for a round up of stories surrounding  blockchain, DLT and crypto from around the web.


Tech News

Sirin Labs launches the first and only blockchain smartphone store in the world – The retail store opened in London on January 15, 2019

Bitcoin Giant Bitfury Enters Music Industry with Its New Blockchain-Based PlatformNamed SurroundTM, Bitfury’s music entertainment division will provide a digital system for both monetizing and sharing intellectual property.

US health department gets blockchain green light –  In December the US Department of Health and Human Services received the “authority to operate” (ATO) a procurement system that leverages blockchain and AI. The system will be used to provide pricing information for procurement.

Douglas Country in Central Washington Gets Bullish on Blockchain Technology’s Economic FutureLocal officials are betting that blockchain technology could help the region to keep growing. The intention seems to be to create a new blockchain innovation campus for researchers to develop new tools and improvements in the space.

Crypto News

Netherlands to Put an End to Anonymous Crypto Trades As reported by Nederlandse Omroep Stichting (NOS), a Dutch news source, an official recommendation has been made to introduce a licensing system that would regulate the space.

Swiss Bank Falcon Launches Crypto Wallet With Withdrawals to FiatThe bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution’s own “segregated Falcon wallets,” as well as convert crypto into fiat money.

Saudi Arabia and UAE to launch new banking crypto-currency  – The Middle East is another region exploring the application of blockchain and private crypto-currencies to improve banking and cross border payments.

Investor News

Tangem raises $15M from SBI for the industrial adoption of blockchain-enabled smart cardsTangem pioneered in making crypto currencies look like cash and easy to use as cash, and now attracts additional investment to accelerate the deployment of its technology in other industries

Global Blockchain Business Council adds Fidelity’s Tom Jessop to board – In his role at Fidelity, Jessop is responsible for directing the company’s long-term vision to create a full-service enterprise-grade platform for digital assets to service an institutional investor client base

Use Cases

SAP blockchain against pharma counterfeiting – The SAP Information Collaboration Hub for Life Sciences, a blockchain-technology hub, helps eliminate counterfeit products along the pharmaceutical supply chain. It designed this hub to authenticate pharmaceutical packaging returned from hospitals and pharmacies to wholesalers before products are resold.

Early adopters show blockchain’s big potential for Latin America For this region, blockchain’s distributed and immutable ledger could go a long ways towards building faith in banking, the safety of personal savings and property, political processes, and the plausibility of entrepreneurial pursuits.

MineHub Technologies Collaborates with IBM to Introduce Global Mining and Metals Supply Chain Solution Using Blockchain Technology – The $1.8 trillion* global mining and metals market has traditionally suffered from inefficiencies due to manual, paper-based processes and a lack of transparency between supply chain participants. Blockchain technology helps address this by providing a shared ledger to create a single, real time view of transactions and data across the supply chain that can be seen by all permissioned participants.

That’s it for this week. Until next time!

Sincerely,

 

The Constellation Team

 

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