Blockchain is developing and advancing not yearly, not monthly and not even weekly. Innovations and inventions in the industry occur on a daily basis, so we present you the most up do date info in the fresh #MetaNews release.
Usage of blockchain for contacts storing purposes
The story:
A Japanese Telecom Giant Wants to Use Blockchain to Store Contracts.
Details:
Japanese telecommunications giant Nippon Telegraph and Telephone (NTT) may be looking to invent a new contract agreements system based on blockchain technology, according to a patent application.
Why it is important:
Japan has always been one of the leaders of the world in the tech industry. Besides, it should be noted that the goal to reach full decentralization played a major role in the company’s idea to implement blockchain.
Aviation Blockchain Challenge
The story:
Lufthansa Group and SAP launch Aviation Blockchain Challenge.
Details:
Lufthansa Group and SAP have partnered to launch the first “Aviation Blockchain Challenge” to explore the blockchain technology in an aviation context. According to the press release, this is in a bid to look for blockchain-based solutions that make the traveller’s customer experience, processes, supply chains and maintenance procedures smoother and more interconnected.
Why it is important:
Aviation industry is also taking steps in implementing blockchain. The more industries will follow the suit the merrier. This technology has a potential to both: reduce costs for companies and, as mentioned above, make the traveller’s customer experience much better.
Blockchain Fiscal Audit System
The story:
World’s Top Four Auditors Join Taiwan-Led Trial for Blockchain Fiscal Audit System.
Details:
The world’s four largest auditing firms — Deloitte, Ernst & Young, KPMG and PwC — have joined 20 Taiwanese banks to pilot blockchain technology for fiscal audits.
The “big four” will join a consortium of major Taiwanese banks to test a blockchain solution for auditing companies’ interim financial reports, focused on streamlining so-called ‘external confirmation’ processes. These currently require an auditor to manually obtain and verify audit evidence of companies’ transactions with third parties.
Why it is important:
Blockchain industry makes advances in audit as well. The “big four” surely noticed it first and started to do positive steps in implementing the new technology. The benefits are obvious: blockchain reduces costs and time.
