Weekly News

The end of the working week is always a perfect time to stop and analyze the key news and events that happened and how they impacted your work and the industry in general. Taking into account the topic of coronavirus, 482.solutions highly recommends you to keep safe and brighten your Friday with our weekly digest that is full of 100% safe and healthy news and updates from the world of blockchain.

Blockchain Africa Goes On Despite Coronavirus

Coronavirus is definitely the topic of the month that produces a significant impact on blockchain world. This especially refers to blockchain events and conferences, many of which are postponed or canceled in all parts of the world. But Blockchain Africa, the largest event for blockchain and digital innovations in the region, decided not to postpone the event despite significant changes in content program and decreased number of attendees.

Although the infection rate in South Africa is relatively low, the restrictions implemented in the country led to the series of difficulties for the conference speakers and attendees. The conference organizer Sonya Kuhnel stated that by the start of the day one of the conference they expected to have only 300 attendees and only 230 of them have officially registered by the start of the conference.

To support this significant blockchain event, several of the key speakers, such as Tone Vays and Richard de Sousa, decided not to cancel their reports and underlined that coronavirus might directly impact the blockchain sphere. They have also highlighted the coronavirus' anticipated effect on the global economic markets.

The conference is being hosted at Investec’s Johannesburg headquarters. Initially, organizers expected over 500 delegates to attend the two-day summit.

Alibaba Received Patent For Blockchain-Based Transaction System in Brazil

Alibaba, an e-commerce giant from China, has successfully filed for patent for a transaction system with the implemented blockchain technology. The patent has been registered under the “insurance”, “financial business" and "monetary business” categories. All information about this development has been presented in their report

The system is called Ant Unicorn and covers real estate services, credit card payment systems, utility bills, invoice processing and enhanced security in transaction processing. 

All transactions will be done through blockchain, adding credibility to all committed deals. The system, will start functioning in Brazil but it is still unknown whether it will go abroad and become an international solution.

Although the system mainly refers to credit card issuance and utility bills, it will focus on the real estate market. 

Boeing Implements Blockchain To Aerospace Supply Chain

The world leader of aerospace manufacturer Boeing has partnered with international aerospace giant Honeywell to implement GoDirect Trade, Honeywell’s blockchain platform that will help company to sell and track excess airplanes parts worth $1 billion. The two firms announced the partnership at the Hyperledger Global Forum 2020 event held in Arizona.

GoDirect Trade is an aviation marketplace that uses blockchain to track parts, give proof of origin and ensure they’re compliant with safety standards. The platform brings multiple supply chain layers into a single ledger for easy management and transparency. It uses an updated and customized version of its parent company’s code that was introduced about two years ago.

According to the company, it has more than 6,500 users from over 2,400 businesses. Together they’ve facilitated more than $7 million in sales. The company expects the figure to triple by 2021.