Blockchain Technology

  • AIG and IBM use blockchain technology to develop a ‘smart’ insurance policy

    Insurance colossus AIG has entered into a collaboration agreement with IBM to develop a 'smart' insurance policy that will use blockchain technology to manage complex international coverage. The companies issued a joint-press release in which they disclosed that they had successfully completed a pilot of what they have termed a 'smart contract' which is a multi-national policy for Standard Chartered Bank PLC.

  • First third generation blockchain technology launched in Dubai

    Relam Investment, an international investment company headquartered in Dubai, UAE, owned by local entrepreneur Sultan Ali Rashed Lootah, has announced the global launch of its third generation blockchain technology: Hetachain, which promises faster processing time and lower energy use.

  • Is Blockchain over hyped?

    Only 1 percent of CIOs indicated any kind of blockchain adoption within their organizations, and only 8 percent of CIOs were in short-term planning or active experimentation with blockchain, according to Gartner's 2018 CIO Survey. Furthermore, 77 percent of CIOs surveyed said their organization has no interest in the technology and/or no action planned to investigate or develop it.

  • Tunisia smart city to be based on blockchain platform

    The Tunisia Economic City (TEC), jointly owned by Tunisia and Saudi Arabia, has chosen the Locus Chain blockchain as its settlement currency and service platform.