The company behind a multi-asset, universal wallet that can store major crypto and smart contract tokens in one place says it has become the first mobile wallet to support the ADA cryptocurrency. Infinito Wallet says the milestone coincides with an update to version 1.15.0 of its platform – enabling users to “securely send, receive and check transaction history of ADA.” According to the company, this development is significant because very few wallets on the market support ADA, and there is no such app for mobile devices. Infinito developers have worked with the development team behind Cardano and IOHK, and they …

The end of summer is a great time to set personal goals, to soak in the final days of sunshine and to reminisce about the summer's major events, like the promise made by Jordi Baylina, Jacques Dafflon and Thomas Shababi to introduce the ready-made ERC-777 token community standard, which is intended to replace the world's most popular token standard, the ERC-20. The promise was made by Baylina on July 20 at the DappCon forum in Berlin, where important initiatives, tools and updates related to the Ethereum blockchain are traditionally discussed. The developer stated that the ERC-777 was ready to be …

The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov, published on Medium on September 11. In the research, the authors review the code of the GUSD’s smart contract in order to demonstrate that the implementation of the Gemini USD can become non-transferrable or frozen at any moment, which is noted in the Gemini dollar’s white paper. The option of pausing, blocking, or reversing GUSD transfers is one of the basic technical principles of …

Blockchain Trust company Paxos has launched a U.S.-dollar backed stablecoin following approval from New York regulators, according to a press release published September 10. Backed 1:1 by the dollar, the Ethereum blockchain-based stablecoin, dubbed ‘Paxos Standard,’ has been approved by the New York State Department of Financial Services (NYDFS), which will exercise regulatory oversight over the asset’s issuance and trading. Paxos itself is a Trust company and is positions itself as “a fiduciary and qualified custodian of customer funds,” pitching its new coin as offering “greater protections” for customer assets than its competitors. According to today’s press release, investors’ dollar …

IBM, CSIRO’s Data61 and law firm Herbert Smith Freehills have partnered on a new Australian consortium to build a cross-industry blockchain-based smart contracts platform for enterprises, according to a press release published August 29. Data61 is a digital innovation center that forms part of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) – an Australian government corporate entity that undertakes scientific research to advance diverse local industries. The initiative has been dubbed The Australian National Blockchain (ANB), and will pool the tech, scientific and legal expertise of the three partners to create a nationwide, legally-compliant blockchain infrastructure for the digital …

Russian air carrier S7 Airlines has partnered with state-owned oil giant Gazprom Neft to use blockchain-based smart contracts for aircraft fuelling, a press release confirmed Friday, August 24. S7, which has developed several blockchain use cases in the past two years, will now use the technology to increase efficiency of fuel delivery and payment, as well as in the refuelling process at airports. The partnership features Gazprom Neft’s dedicated aviation refuelling subsidiary Gazpromneft-Aero. “Using blockchain technologies in reciprocal accounting and settlements between aviation companies and fuel operators gives new impetus to the development of the entire aviation industry,” Gazpromneft-Aero CEO …

Privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool, according to an announcement video posted August 15. The platform, dubbed Insurance Data Link (openIDL), is based on IBM's enterprise blockchain solution, using Hyperledger Fabric. The platform intends to reduce “burdensome” statistical reporting processes, as well as cut costs and data processing time for insurance carriers. According to a report accompanying the announcement, openIDL is operating the “first secure, open blockchain platform that enables the efficient and permissioned-based collection of statistical data on behalf of insurance carriers, regulators and other participating …

IBM and Danish transport and logistics giant Maersk have launched their global blockchain-enabled shipping solution, according to an official press release today, August 9. The new jointly developed blockchain solution revealed 94 organizations involved and 154 million shipping events already captured. The global supply chain platform has been dubbed ‘TradeLens,’ and its dataset is reportedly growing at a rate of close to one million shipping events a day. According to the press release, the platform is able to track critical data about each shipment in a supply chain in real time, generating a distributed, immutable record on the fly. TradeLens’ …

Microsoft’s cloud platform Azure has introduced a proof-of-authority (PoA) algorithm on its Ethereum (ETH) blockchain product, according to a blog post Aug. 7. The new Ethereum network algorithm will reportedly allow a “more efficient” way of building decentralized applications (DApps) for private or consortium networks, where “all consensus participants are known and reputable.” In contrast to proof-of-work (PoW) — the existing protocol on Azure — a PoA algorithm is based on the principle of approved identities or validators on a blockchain, and does not require competition in completing the transactions. The new Ethereum product on Azure is equipped with a …

Ethereum-based startup Solidified is developing a decentralized, smart contract audit platform, aiming to make the process easier to arrange and to provide a transparent and accountable metric of smart contract security. The company recently conducted a Seed round with Innogy New Ventures to develop a new initiative in security — the Bug Prediction Market. "Solidified is an established, full-service audit platform, having helped secure large Ethereum projects such as Gnosis, Polymath, Bankera and Melonport among 50+ others," said Eduard Kotysh, CEO and founder of the Solidified platform. According to the Solidified ‘one pager,’ the platform has already gathered over 200 …

The Dubai International Financial Centre (DIFC) Courts and Smart Dubai have announced their partnership to develop a “Court of the Blockchain,” for streamlining the legal system, local news outlet Arabian Business reports today, July 30. DIFC and Smart Dubai will reportedly explore how the technology could aid verification of court judgements for cross-border enforcement as part of a wider push to create a “blockchain-powered judiciary.” The newly created joint DIFC Courts-Smart Dubai task force believes that the technology could make a wide range of processes within the legal ecosystem more efficient, and will spearhead research into how to handle disputes …

The Commonwealth Bank of Australia (CBA) has announced the completion of a successful trade using its new blockchain platform, according to its July 30 press release. In a collaborative effort involving five domestic and international “supply chain leaders,” the bank used blockchain to track a shipment of 17 tons of almonds from Melbourne to Hamburg, Germany. Distributed ledger technology (DLT), Internet of Things (IoT), and smart contracts underpin the platform, which seeks to enhance multiple aspects of the supply chain process. The press release notes that the platform digitizes “three key areas of global trade – operations, documentation and finance …