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Hello Friends,

In this newsletter, we showcase the most significant articles surrounding blockchain financial developments. Because of a softer regulation onramp and the desire to leapfrog infrastructure, we should take a page out of Asia and recognize what’s coming.

Although the United States is known for great technology, over the last 30 days we have seen a spike in enterprise blockchain projects, specifically in the Asia market. In October, tech giants in China registered more than 300 blockchain projects with a concentration in financial services. The last such list was published in March with 197 projects.

The majority of use cases center around trade finance, asset management, cross-border payments and supply chain finance. Of note is Alibaba with their silent press to gain US cloud share as well as the lead in blockchain patent applications. Currently, they top the list with 90 projects, surpassing IBM and Bank of America.

Our momentum has picked up as well with conversations to solve document stare and compare problems by using intelligent OCR, AI and deep learning for digital transformation and a reduction of full-time employees. Please request some information if you want to know more and see the product (Link to request info).

Lastly, we have just released an about us video, describing what we do. Please look below. And if you click our offer and provide feedback on our followup email, we will send you a 23 Page booklet - Power Entertaining Tips by Eddie Osterland the 1st Grand Master Sommelier in the US! Just in time for Thanksgiving!

Enjoy Thanksgiving,

Richard Brownstein, CFP®

Founding Member

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Finanical/Banking

Can Blockchain Ease Global Payments?

Bold claims that blockchain can transform the payments industry, particularly in cross-border transactions, may soon be put to the test.

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EY Launches Blockchain Tool to Help Bring Accountability to Public Finances

Professional services giant EY (Ernst & Young) is using blockchain tech to assist governments in improving transparency and accountability in the management of public funds. Read more...

Microsoft To Help Enterprises Mint Their Own Ethereum Tokens

Microsoft is taking its secret platform for creating tokens similar to bitcoin out for a test drive. The software giant, which was among the first to accept bitcoin for payment, has created a mint for issuing a wide range of crypto assets. Read more...

From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects

As President Xi Jinping called on his countrymen to seize opportunities in distributed ledger technology, China’s industry heavyweights were already leading hundreds of enterprise blockchain projects. Read more...

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

Marco Polo, the trade finance blockchain with more than 20 global banks on board, is piloting its first trading arrangement between Germany and Russia. Read more...

How Can Blockchain Improve Payments?

Blockchain has made major waves in a variety of industries ranging from restaurants to retailers. However, the biggest area of focus for blockchain for many is still on the payments side. Read more...

ING Develops Notary Service for Corda Blockchain

Financial services firm ING has announced a "blockchain breakthrough" that it says will improve the privacy and security of transactions made on the open-source blockchain platform Corda. Read more...

ING Bank Proposes Security and Privacy Trade-Off for Corda Blockchain

ING announced that researchers at the financial services firm have solved a security and privacy issue on blockchain software firm R3’s Corda blockchain. Read more...

Insurance

How Blockchain Will Revolutionise Insurance?

Six experts discuss the potential impact that blockchain could have on business models, operating processes and customer experience across the insurance sector.

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Samsung SDS Pilots a Blockchain-based Medical Claims Processing System

Samsung’s IT solution developer Samsung SDS is expected to roll out a blockchain-based medical claims processing system in October. 

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Chubb, Marsh Trial First Notice of Loss on RiskStream’s Blockchain

Yesterday, RiskStream (formerly RiskBlock) announced the completion of a production test of its blockchain platform Canopy. The trial involved streamlining the First Notice of Loss process.

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Reinsurance Group of America Completes Blockchain Reinsurance Trial

RGAX, the innovation unit of Reinsurance Group of America, said it completed a blockchain proof of concept (PoC) for reinsurance with Mutual of Omaha. 

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Blockchain Based Parametric Weather Insurance in First Payouts

A blockchain-based parametric weather insurance product has made its first payouts after severe weather impacted smallholder farmers covered by the product in Sri Lanka.

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Misc. News

Oracle Selects First 20 Startups for Chainlink Blockchain Project

Oracle announced it had selected the initial cohort for a blockchain innovation project with Chainlink. The chosen 20 startups will use the Oracle blockchain and Chainlink’s decentralized oracle network to develop new solutions.

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Blockchain Tidbits

OOW19 Special

Upcoming Events

US Blockchain Industry Events

IMTC WORLD 2019 - IMTC

November 12-13, 2019 - Miami Beach

DAS: Markets

November 13, 2019 - New York

Blockchain Expo North America

November 13-14, 2019 - Silicon Valley

RegTech Summit

November 14, 2019 - New York

Salesforce Dreamforce

November 19-22, 2019 - San Franscisco

About Alontrus Group

Alontrus Group is a Blockchain consulting, digital transformation and systems integration firm providing custom financial and insurance solutions that encompass AI, ML and IoT to enterprise companies with an in-depth knowledge on enterprise blockchains and cloud platforms.

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Alontrus Group

270 Sparta Avenue, Suite 104-334, Sparta
New Jersey 07871 United States

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