China’s Blockchain-based Service Network, or BSN, a cross-cloud, cross-portal, and cross-framework global public infrastructure network, is adding three more well-known public blockchains into its ecosystem. He Yifan, CEO of Red Date Technology, the private company behind the BSN, told Cointelegraph that the network is at its second stage of integrating more public chains. This time it will include Algorand, ShareRing and Solana. Earlier last month, the network said it already onboarded Ethereum, EOSIO, Tezos, Neo, Nervos, and IrisNet. He told Cointelegraph that the public chains the network selects to integrate are the ones offering unique capabilities, focusing on building ecosystems …

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide, the Economic Times reported on Feb. 19. The new “T-Block Accelerator” is aimed at fostering blockchain startups that have identified a strong real-world use case for the technology, and to boost industry growth overall. Innovation management firm IBC Media will run the accelerator program, which developed following a Memorandum of Understanding (MoU) that was signed between the government of Telangana and Tech …

The implementation of blockchain technology in supply chains could save businesses in Western Europe $450 billion in logistics-related costs. According to a new study from Cointelegraph Consulting and Swiss enterprise blockchain firm Insolar, blockchain technology can reduce supply chain-related costs for businesses between 0.4% and 0.8%. While that may sound like a small figure, the sheer volume of the sector means that this percentage translates into a potential hundreds of billions in savings. Furthermore, the report claims that the technology will pay for itself: “94% of supply chain leaders say digital transformation will fundamentally alter supply chain management. In the …

The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has revealed the firm is including blockchain as one of the key technologies for its “Digital Transformation Network.” The development was revealed during president and CEO Hong Yuan Zhen’s keynote speech at Samsung’s Real 2019 event in Seoul on May 8. In a press release accompanying the event, Samsung outlined that its Digital Transformation Framework aims to leverage technological solutions in support of digital innovation for sectors such as manufacturing, marketing/sales and management systems, among others. Among its …

The adoption of blockchain technology is slowly taking shape across a multitude of industries. At the forefront of the amalgamation of payment systems and logistics is US tech giant International Business Machines Corporation (IBM), which has established itself as a leader in terms of blockchain-based products and offerings. The latest developments aim at the logistics sector – but IBM has been keen on blockchain for over 5 years that reveals a slow and steady approach to the adoption of enterprise-scale blockchain solutions. Exploring the Internet of Things Their beginnings in the space were focused on research on the capabilities of …