The Securities and Exchange Board of India (SEBI) has revealed that it is adopting a ‘regulatory sandbox’ approach to utilize the cutting-edge technologies such as blockchain and artificial intelligence (AI). The SEBI officials have claimed that innovation in Fintech can be better achieved by following a ‘sandbox’ approach, which offers temporary relaxations of regulations to build a safe platform for companies to test Fintech services in a live environment, without lending them full authorisation and licensing protocol.
Telefónica, Spain’s telecom company, has partnered with Microsoft to use blockchain and Artificial intelligence (AI) in expanding its digital innovation. As stated, Telefónica will leverage Microsoft’s Azure platform to build new services tailored for the telecoms industry. The company is already using AI to improve its customer relationships and is looking forward to reaping more benefits of Azure AI.
Agriculture is one of the most primary sectors on which the development of a nation depends. Agriculture, when combined with technology, has resulted in boosting production and revenues. And, with the current technological trends, blockchain has found great overhaul via various applications in the agri-business industry. It is claimed to have great opportunity in transforming the […]
Hyundai has announced that its financial services subsidiary, Hyundai Commercial, has selected IBM to build a new financial supply chain ecosystem utilizing Hyperledger Fabric blockchain. As per sources, Hyundai Card, another financial services subsidiary of Hyundai, will also be joining IBM to implement Machine Learning and develop Artificial-Intelligence based Chatbot for support services.
After seeing the agricultural shift towards blockchain, sugar traders have started showing their enthusiasm for the distributed ledger technology. With an intent to study the scope of blockchain in the sugar industry, Jamal Al Ghurair, Managing Director of UAE-based Al Khaleej Sugar, had invited the industry’s stakeholders for a meeting held in Dubai. The participants included ABN Amro Bank NV, and Societe Generale SA, and Consensys, a blockchain startup incubator.
Bitfury has partnered with Medical Diagnostic Web, a blockchain radiology platform, to develop a blockchain-powered medical image sharing platform. Under the partnership, both the entities will collaborate with Longenesis, a blockchain-powered life data marketplace, to build a platform for securely recording and sharing of medical imaging and diagnostics reports such as X-rays and CT scans, which will be built on Exonum, which is Bitfury’s private blockchain framework.
During the ongoing World Government Summit 2019 in Dubai, blockchain expert Bettina Warburg has praised the capabilities of blockchain and IoT. During a session at the three-day event being held at Madinat Jumeirah, Warburg has claimed that distributed digital ledger-based trade has the potential to open great business opportunities for countries in the upcoming years.
Merck, a German pharmaceutical company, has obtained a blockchain patent from the United States Patent and Trademark Office for using blockchain and Artificial Intelligence to curb counterfeit of physical medical objects. As stated, the platform uses machine learning to validate the authenticity of the physical objects by linking them to unique identifiers or “fingerprints” such as chemical signatures, DNA and image patterns.
SingularityNET, a decentralized Artificial Intelligence company, has partnered with Hara, an agriculture-focused blockchain startup, to help farmers with informed decision making. As reported, Hara is looking forward to using blockchain technology to help the Indonesian farmers with useful agricultural information such as grain price, soil quality and land ownership details. The partners also intend to help farmers with AI-powered crop diagnosis and data analytics.
Authenteq, an Iceland-based identity verification platform, has declared that the company has raised $5 million funding to develop a blockchain-based identity verification too dubbed as Trollteq. The platform uses AI and blockchain to help users verify identity using governmental facial recognition algorithms within 60 seconds.