Walmart files blockchain payments data storage patents

Walmart wants to store payment data on a blockchain — Coindesk — “Newly published patent filings from retail giant Walmart hint at a plan to store payments data using blockchain tech. The two applications — published on Thursday by the US Patent and Trademark Office (USPTO) — both reference using a blockchain-powered platform to secure the payment data, ensuring that private information can’t be access by unauthorized parties.”


Emirates NBD rolls out blockchain security platform that adds QR codes to physical cheques

Emirates NBD leads banking sector in cheque security by successfully rolling out ‘Cheque Chain’ at scale — Emirates NBD — “Cheque Chain enables a unique QR (Quick Response) code to be printed on every leaf of newly issued cheque books. The unique code registers each cheque on the bank’s blockchain platform, ensuring that once the cheque is received and cleared under the bank’s ICCS technology, bank staff can validate the cheque’s authenticity and have access to its source at all times. In doing so, this significantly reduces the risk of fraud by making cheque forgery much more difficult.”



Korea’s capital city plans its own payments cryptocurrency

Mayor Park Won-soon unveils Seoul cryptocurrency ‘S-Coin’ — Coindesk Korea (translation) — “Park Won-soon, mayor of Seoul, said he will create a coin currency called S-coin that can be used in Seoul… He thinks that ‘blockchains can be applied to all administrations in Seoul such as the public transport system operated by Seoul City and the provision of youth allowance.'”


American Express files faster blockchain payments patent

Systems and methods for blockchain based payment networks — USPTO — “A system, method, and computer readable medium (collectively, the ‘system’) is disclosed for a payment network using a blockchain-based ledger that is configured to execute payment transactions in response to blockchain requests… In various embodiments, the system may assess a risk associated with the transaction. The system may also approve the transaction in response to the risk associated with the transaction being acceptable. The system may also transmit a notification (eg a push notification) to the payee digital wallet that the transaction was successful.”


Kakao Pay reports 1m users of its blockchain-based mobile identity service

Kakao Pay’s blockchain-based authentication boasts 1m users — Yonhap News — “Users of KakaoTalk, South Korea’s top mobile messenger, can use the authentication service on the mobile messenger without having to download an application. A total of 20 institutions and companies, including insurer AIA Life Korea and the Korea Transportation Safety Authority, use the service, Kakao Pay said, adding that it plans to expand the service.”


Japanese banks to roll out blockchain-based instant payments

Ripple powered mobile app to provide on-demand domestic payments in Japan — Ripple — “MoneyTap allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code… The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan… Three members of the Japan bank consortium: SBI Net Sumishin Bank, Suruga Bank and Resona Bank will be the first to go live on the mobile app in autumn of 2018. This will be followed by a staggered roll out to the rest of consortium.”


Rakuten to use blockchain for global loyalty and payments program

Rakuten will roll its $9bn loyalty program into a new blockchain-based cryptocurrency, Rakuten Coin — Techcrunch — “The company is planning a new cryptocurrency called Rakuten Coin — built on blockchain technology and the company’s existing loyalty program, Rakuten Super Points — which it plans to use to encourage loyalty services globally and to help customers to buy goods across different Rakuten services and markets… The news was announced by Rakuten’s CEO Hiroshi “Mickey” Mikitani on stage at Mobile World Congress in Barcelona, where he described Rakuten Coin as a ‘borderless’ currency.”


US carriers set out joint mobile authentication platform plans

AT&T, Sprint, T-Mobile and Verizon unveil next-generation mobile authentication platform details — AT&T — “This highly secure solution will deliver a cryptographically verified phone number and profile data for users of authorized applications with their consent. Authentication security is strengthened by processing unique attributes such as a network verified mobile number, IP address, SIM card attributes, phone number tenure, phone account type and more. In addition, advanced analytics and machine learning capabilities will be used to help assess risk and protect customers. Registered developers will be able to submit applications through a system using private and permissioned blockchain technology to help ensure application integrity.”


Microsoft sets out vision for a blockchain-based infrastructure that lets consumers manage their own digital identities

Decentralized digital identities and blockchain — The future as we see it — Microsoft — “The world is undergoing a global digital transformation where digital and physical reality are blurring into a single integrated modern way of living. This new world needs a new model for digital identity… We believe it is essential for individuals to own and control all elements of their digital identity… This self-owned identity must be easy to use and give us complete control over how our identity data is accessed and used.”



Singapore Airlines to issue blockchain wallet that lets frequent flyers redeem loyalty points in stores

KrisFlyer to launch world’s first blockchain-based airline loyalty digital wallet — Singapore Airlines — “The SIA Group’s KrisFlyer frequent-flyer programme is to launch a world-first blockchain-based airline loyalty digital wallet capability that will help unlock the value of KrisFlyer miles to enable everyday spending at retail partners… It will allow the extensive KrisFlyer membership base to use ‘digital KrisFlyer miles’ for point-of-sale transactions at participating retail merchants.”


Canada to test blockchain and biometric identity concept that lets travellers control their own ID

Canada to test advancements in biometrics and blockchain to welcome international travellers — World Economic Forum — “The Known Traveller concept is founded on the principle that an individual traveller has control over the use of their own identity and its components. Due to this decentralization of control over the components of their identity, a traveller can push proof of their identity information — secured by distributed ledger technology and cryptography — to governmental and private-sector entities throughout their journey.”


Starbucks CEO sets sights on blockchain payments

Starbucks’ Schultz: Blockchain and digital currencies are bringing us into a new age — Yahoo Finance — “I believe that we are heading into a new age, in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application… We think we have something to offer the companies that are chasing this because we are in a position to create the trusted legitimate place in which this could be accepted and possibly take advantage of the mobile payment digital platform that we have created.”


Bank Hapoalim to investigate potential of blockchain for user authentication

Bank Hapoalim, IAI team on blockchain for cybersecurity — Globes — “The joint research undertaken by the two companies will examine how blockchain, the technology at the basis of cryptocurrencies such as Bitcoin, could be used for developing innovative cybersecurity solutions, such as secure transmission of information between services and supply chains, user authentication, critical devices and elements that run with no human intervention and additional solutions for the cyber challenges in a hyper-connected world.”


Mastercard applies for blockchain ‘instantaneous payment’ patent

Method and system for instantaneous payment using recorded guarantees — USPTO — “The present disclosure relates to the use of recorded guarantees for payment transactions for verification by acquiring institutions to facilitate instantaneous payment to a merchant involved in the payment transaction, specifically the use of a blockchain or other third party network for verification of a guarantee associated with the payment transaction.”


Canadian banks, carriers and government back blockchain-based digital IDs

Forget iris scans, Canadians to use blockchain for digital IDs — Bloomberg — “Soon Canadians will be able to verify personal information for everything from driver’s licenses to banking using mobile phones and blockchain… Canada’s six largest lenders, including Toronto-Dominion Bank and Royal Bank of Canada invested C$30m (US$24m) in the project. The country’s three main wireless carriers — owned by Rogers Communications Inc, Telus Corp and BCE Inc — are also involved through their EnStream venture, along with a number of provincial governments.”



Amex applies for personalized blockchain rewards patent

American Express eyes blockchain for customer rewards systems — CoinDesk — “A new patent application published last week by the US Patent and Trademark Office details a concept for offering customer-specific types of rewards (including points, a virtual currency or specific items tied to a product). The filing indicates the financial giant would make these offers by compiling personalized data about the customer, such as their historic spending patterns.”


Mastercard to use blockchain for non-card payments and product authentication

Mastercard opens-up access to blockchain API for partner banks and merchants — Mastercard — “Mastercard blockchain solution has the ability to power secure and seamless non-card payment transactions such as business-to-business payments and trade finance transactions. It also has the ability to power non- payment solutions such as proof of provenance that helps authenticate products across the supply chain.”


Feed for stories about Blockchain.

Page 1 of 41234