HR Processes To Undergo A Radical Shift With Blockchain Technology

Organised as a weekly newsletter, it presents an overview of the current international blockchain debate. You may find below a selection of the best ideas from the most influential media.

HR Processes To Undergo A Radical Shift With Blockchain Technology The applicability of blockchain technology has evolved manifold, having already moved beyond cryptocurrencies and the like. Being a decentralised digital ledger, it is being tested and adopted by a variety of businesses in several different industries, all around the world. In light of that, it is quite evident that with blockchain, information exchange is never going to be the same again. It has opened up a world of opportunities and possibilities, with real-time information sharing, collaboration, and cross-border payment transactions, thereby making crucial advancements at the workplace. The capabilities of blockchain technology are far-reaching and can be further leveraged in sectors like logistics, healthcare, fashion, and more. Some of the primary reasons behind the massive popularity that blockchain has gained in the recent past are the information security, credibility, and ease of access that it provides. Transactions of all kinds, involving the exchange of information, contracts, records, cryptocurrencies, and more, are stored and maintained in a public ledger, that is completely anonymous to those who aren’t directly involved. An October 2017 report from CompTIA found that early adopters have already been utilising blockchain for digital identity (51%), asset management and tracking (49%), regulatory compliance/auditing (49%), distributed storage (48%), smart contracts (45%), and cryptocurrency/payments (44%). While blockchain has been primarily identified as an enabler of secure transactions in the BFSI sector, it is interesting to note that Microsoft and Accenture have partnered with each other to address a more humanitarian cause - ID2020. Having created a blockchain solution that acts as digital identification for refugees, the two technology giants will together be able to provide access to education, banking, healthcare, housing, and more, to around 1.1 billion people worldwide. June 6, 2018 by Prasad Rajappan READ FULL ARTICLE https://www.entrepreneur.com/article/314564

The 10 Largest Companies In the World Are Now Exploring Blockchain Love it or hate, the biggest companies in the world just can't ignore blockchain any longer. The distributed ledger technology that first let owners of the bitcoin cryptocurrency exchange value without a bank has forced its way into the research and development halls of the ten largest companies in the world. Based on the Forbes’ Global 2000 list of the largest public companies in the world, published today, corporations as diverse as the largest in the world, the Industrial and Commercial Bank of China, investing giant Berkshire Hathaway, and computer giant Apple are all in various stages of exploring the technology. But that doesn’t mean they’re blockchain believers. Most of the companies have been very quiet about their work so far, seemingly choosing to let smaller companies chase after step-by-step updates in media headlines, while they let scraps about their own project slowly trickle out, punctuated by the occasional trash-talk.Nevertheless, that each of the companies at the top of this list based on a composite score considering revenue, profits, assets and market value are exploring blockchain is a testament to how much the technology has captured the imagination of pretty much every industry. June 6, 2018 by Manuel del Castillo READ FULL ARTICLE https://www.forbes.com/sites/michaeldelcastillo/2018/06/06/the-10-largest-companies-exploring-blockchain/#48cf9bf1343d

SAP latest enterprise player to offer cloud blockchain service SAP  announced today at its Sapphire customer conference it was making the SAP Leonardo Blockchain service generally available. The latter is a cloud service to help companies build applications based on digital ledger-style technology. Gil Perez, senior vice president for product and innovation and head of digital customer initiatives at SAP, says most of the customers he talks to are still very early in the proof of concept stage, but not so early that SAP doesn’t want to provide a service to help move them along the maturity curve. “We are announcing the general availability of the SAP Cloud Platform Blockchain Services.” This is a generalized service on top of which customers can begin building their blockchain projects. He says SAP is taking an agnostic approach to the underlying ledger technology whether it’s the open source Hyperledger project, where SAP is a platinum sponsor, MultiChain or any additional blockchain or decentralized distributed ledger technologies. Perez said part of the reason for this flexibility is that blockchain technology is really still being defined and SAP doesn’t want to commit to any underlying ledger approach until the market decides which way to go. He says this should allow them to minimize the impact on customers as the technology evolves. June 6, 2018 by Ron Miller READ FULL ARTICLE https://techcrunch.com/2018/06/06/sap-latest-enterprise-player-to-offer-cloud-blockchain-service

DELOITTE SURVEY SHOWS MOST COMPANIES ARE INTERESTED IN BLOCKCHAIN TECHNOLOGY A new Deloitte survey presented at the Consensus 2018 Annual Conferencein New York City shows that an increasing number of major companies are now exploring the application potential of blockchain technology in business. According to the survey, 74% of major companies across seven countries are shifting their momentum to blockchain technology and its practical application in business. It is expected that the rising uptake of blockchain by corporations will boost growth of its application in various industries in future. Linda Pawczuk, the head of Deloitte’s U.S. financial services blockchain group says, “Blockchain is moving quickly from proof of concept to ‘proof of practical’ with real-world, actionable solutions.” While the application of blockchain technology cuts across every sector, there are industries that are likely to benefit more than others. Nick Machulis, CEO of TransCrypt says,“We believe that the main areas of development of the blockchain will be finance and banking, Information Technology, and the game development industry. In all these areas, blockchain technology will realize all its advantages: the speed of solving problems with minimal human participation, transparency and simple monetization. In our view, companies such as Sberbank, Microsoft and UBI Soft will benefit more from implementing blockchain technology.” June 6, 2018 by Alison Mcguaire READ FULL ARTICLE https://irishtechnews.ie/deloitte-survey-shows-most-companies-are-interested-in-blockchain-technology

There is now a blockchain-based religion. No, this is not a joke. Matt Liston, the founder of a blockchain-based religion. Liston has refuted the claim that he is a Cryptprophet Matt Liston would like to publicly refute the claim that he is a “Cryptprophet.” He’d also like to clarify that he is not the “Cryptsiah” or the “CryptChrist.” (“I grew up Jewish,” he points out.) Despite being the originator of what may be the first blockchain-based religion, Liston is but a humble developer, and doesn’t suggest to possess divine knowledge. “It makes me uncomfortable to think about that,” says Liston. “It seems inappropriate. If I’m claiming to start a religion, it’s probably disingenuous if I claimed not to be a figure within the religion. But I don’t like the sound of that.” Liston, who left his position as CEO of the blockchain project Augur amid a cloud of controversy, has spent the afternoon in Bodega Bay developing what he describes as “mechanisms for worship” for his new religious order, called 0xΩ (Liston pronounces this as “Zero Ex Omega”). The religion, which he unveiled along with artist Avery Singer at New York’s New Museum last month, will present both a blockchain system for pre-established religions, and a new faith-based order of its own. June 14, 2018 by Zoe Bernard READ FULL ARTICLE https://www.businessinsider.sg/matt-liston-blockchain-religion-augur-2018-6/

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