IBM, Maersk aim to speed up shipping with blockchain technology | ZDNet

IBM and Maersk will partner to use blockchain technology to conduct, manage, and track transactions in the shipping supply chain.

The companies said they collaborated on creating blockchain tools for cross-border transactions among shippers, freight forwarders, ocean carriers, ports, and customs authorities.

An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source | WIRED

WALL STREET IS a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is good, that it captures “the essence of the evolutionary spirit.” A hedge fund hunts for an edge and then maniacally guards it, locking down its trading data and barring its traders from joining the company next door.

A rush to patent the blockchain is a sign of the technology’s promise | The Economist

FOR fans of bitcoin, a digital currency, the year got off to a volatile start. On January 5th one bitcoin changed hands for nearly $1,150—almost as much as the record set three years ago. It has since dropped by 33%.

Blockchain Hype Takes Hit as Chain Releases Code for All to Use – Bloomberg

Time to put the blockchain hype to the test. After a year of promises that the technology would revolutionize Wall Street, anyone can now download an entire blockchain specifically built for financial services.

Chain, the San Francisco-based startup that’s working with Visa Inc. and has made a presentation on the benefits of blockchain to Federal Reserve Chair Janet Yellen, just released to the public the 30,000 lines of open-source code that make up its Core Developer Series.

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