Blockchain Weekly Recap 8-6-2016

Blockchain Weekly Recap 8-6-2016


UK Government Selects PaaS Provider for Government Agencies

The UK’s Crown Commercial Services has awarded blockchain platform startup Credits a contract to provide distributed ledger technology to the country’s public services. Credits earned the contract as a result of its success in providing similar platform services for the government of the Isle of Man. Under the terms of the arrangement, various public service groups and agencies – ranging from health and education to non-profit organizations - will gain access to Credits’ Platform-as-a-Service offerings. These services will be available for purchase in the UK government’s Digital Services marketplace, and should provide these public services with the opportunity they need to experiment with the new technology.

According to statements from Credits CEO Nick Williamson, his company is eager to work with all of those public groups to “improve the efficiency and effectiveness of their services for UK taxpayers." Many experts have already gone on record in their support for utilizing this technology to improve a broad spectrum of government services, with benefits that range from reduced instances of benefits fraud to enhanced security for records and infrastructure.

UNICEF Seeking Blockchain Developer for Humanitarian Projects

As companies and governments around the world are busy exploring the potential benefits of digital ledger technology, even the United Nations Children’s Emergency Fund (UNICEF) is getting into the act. The UN group’s Innovation Unit is reportedly interested in recruiting an experienced blockchain developer to help develop solutions for various problems in underdeveloped areas of the world. Those solutions will involve products that can assist in resolving issues related to identity management, decentralized autonomous organizations, and payment and cash transfer concerns. Developers interested in the New York-based position can apply here.

Germany’s SAP SE Pursuing Strategy to Meet Blockchain Challenge

Though the financial sector has been drawing much of the attention where blockchain interest is concerned, exploration and adoption of the technology has continued apace in other sectors as well. One clear example of that is German software giant SAP SE, which has recently been making great strides in its efforts to adapt to the challenges that distributed ledger technology represents. The company currently provides enterprise planning software for some of the largest companies in the world, and is on record as recognizing that new Fintech innovations recognize the kind of disruptive threat that simply cannot be ignored.

To adapt to these changes, SAP has been experimenting with ways to adapt its own central ledger software systems to accommodate the new technologies. For example, SAP developers have been working to create software that could provide seamless connectivity between the company’s Hana Cloud Platform and blockchains. That platform currently serves as a vehicle for the delivery of SAP database and apps in online service form. SAP is currently working with blockchain software to manage medical records, and to provide better coordination for farm weather insurance payouts and notifications.

Blockchain CEOs on Advisory Panel for Singapore Central Bank

Digital Asset Holdings CEO Blythe Masters and R3CEV’s Tim Grant are just two of the FinTech experts who have been named to a new advisory panel created by the Monetary Authority of Singapore (MAS). The new panel is called the international Technology Advisory Panel, or ITAP, and has already had its first meeting this week to share ideas about a variety of blockchain applications and discuss other FinTech innovations of interest. The creation of the advisory panel is just the latest in a series of moves designed by Singapore to further its goal of positioning the city-state as a global leader in FinTech innovations.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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