JPMorgan’s blockchain platform was built using Quorum, a type of open-source blockchain that it has developed in-house and is looking to spin-off. On Friday, JPMorgan Chase & Co disclosed, it has field tested tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms. The platform is…
Of the 87 million Facebook users who were affected by the personal data privacy breach, 3 million were from Europe. A spokesman for Hamburg’s data protection ombudsman stated, the city has opened non-compliance procedures against Facebook, the world’s biggest social network which in recent days have been accused of abusing its users’ data. In a…
Researchers at Singapire’s Nanyang Technological University (NTU) have programmed two robotic arms that can automatically assemble an IKEA chair. This opens up a new possibilities as well as improved cost savings for the Swedish company. In a significant milestone IKEA disclosed, it has installed robots in its Singapore plant which can assemble flat-packed furniture. As…
The Southeast Asian country has seen a 10.7% growth in total household wealth and this set to continue to grow by 10% in the next 5 years. On Thursday, Zurich-based Credit Suisse Group AG stated, it has received the green signal to launch its wealth management business in the Philippines. The move will allow it…
Amazon.com’s updated mobile app allows customers to browse, purchase and have their items delivered to their home country. Online shopping is now just a tap away! In a move that ups the ante against its peers, Amazon.com, the world’s biggest online retailer, has launched an international shopping feature that will enable customers across the world…
Since Carl Icahn’s stake is below the 5% limit, which warrants public disclosure of the stake amount, it isn’t clear as to what his agenda might be for taking this position. However, VMWare/Dell IPO is looming on the horizon. Billionaire investor Carl Icahn has acquired a stake below 5%, in VMware Inc, a cloud computing…
In the wake of increased incidents of near misses by unmanned vehicles and drones, a United Nations-led effort is making significant headway in the creation of a global drone registry where geo-fencing and blockchain technology is being used to ensure that drones listed in the registry are unable to fly near restricted airspace. Airlines from…
A ruling by a U.S Federal judge has paved the way for a potential class action lawsuit against Facebook for its unlawful usage of the facial recognition process it uses on photos without getting prior user permission. In a blow to social media giant Facebook Inc, a U.S. federal judge has ruled that it must…
Oracle had reported a 31.7% rise in its cloud business which touched $1.57 billion in the last quarter. On Monday, Safra Catz, Oracle Corp co-CEO stated, she expects to see an acceleration in the company’s cloud business. Her statement comes in the wake of Oracle sales figures falling short of analysts’ expectations. As a clarificatory…
The move will add Clarity’s Money’s 1 million customers to Goldman Sach’s Marcus business. In a strategic move aimed at bolstering its online lending business, Goldman Sachs Group Inc has purchased Clarity Money, a personal finance startup. The acquisition will add more than 1 million of Clarity Money’s customers to Goldman Sachs’ Marcus business. Clarity…
