Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Global Government and Industrial/Financial Blockchain Market 2021-2027: IBM, ConsenSys, and Microsoft are Driving Blockchain as their Clients Transition to Cloud Services

Published

on

Dublin, May 10, 2021 (GLOBE NEWSWIRE) — The “Government and Industrial/Financial Blockchain: Market Shares, Strategy, and Forecasts, Worldwide, 2021 to 2027” report from Wintergreen Research, Inc has been added to ResearchAndMarkets.com’s offering.

A $4.47 million market worldwide in 2020, it is anticipated to grow rapidly to $83.3 billion in 2027 as central banks figure out how to use blockchain in their digital currency initiatives.

Worldwide markets are poised to achieve continuing growth as blockchain proves its value by managing digital transactions in real time across national boundaries, encouraging collaborative business efforts. Lowering transaction management costs is a key benefit.

Blockchain can be implemented in an IBM mainframe that is already a core technology for virtually every bank. Blockchain updates the security in transaction processing, implementing end to end encryption.

Government blockchain is used to implement Web 3.0. the ability ot transfer money as easily as people send an email. The question becomes, what does Web 3.0 look like? It looks like a distributed ledger system providing immediate currency exchange worldwide that mimics how the Internet is used to exchange e-mail. Web 3.0 features enhanced security added to a real time digital economic process.

The government blockchain market does not include what has been the biggest use of blockchain – to hide the money of criminals and terrorists – perform money laundering. After an inauspicious beginning, government blockchain has moved to digital currency, government blockchain is on the cusp of phenomenal growth, ready to reach $83 billion worldwide by 2027 as it creates new digital economic infrastructure.

ConsenSys acquired Quorum, the blockchain platform belonging to JPMorgan in a move that will solidify an ongoing relationship between the JPMC and ConsenSys. The-Quorum-blockchain is a premier transaction management system, settling $5 trillion in transactions per day.

The government blockchain market moves into rapid growth mode as the digital economy takes hold. As the banks and finance industry move into the modern age of real time transaction processing, blockchain is a core enabling technology for central banks. This market segment previously has been held back in part by the outdated aspects of the mainframe computing technology. IBM Blockchain and others are spurred by more modern ways to manage global transactions across national borders from IBM, Microsoft, and Accenture.

Blockchain is a type of distributed ledger system providing enhanced security to the real time digital economic process. Blockchain is comprised of blocks of digitally recorded data. The global market for blockchain at $4.47 billion in 2020 is anticipated to reach $83 billion in 2027. IBM, ConsenSys, and Microsoft are driving blockchain as their clients are making the transition to cloud services. Accenture has measurable market share as well.

Key Topics:

  • Distributed Ledger
  • Web 3.0
  • Blockchain
  • Cryptocurrency
  • Digital Economy
  • Central Bank Transactions
  • Digital Transactions
  • Digital Currency
  • Data Center Infrastructure
  • Enterprise Application
  • Industry Trends
  • Enterprise Application Market
  • Financial Ledger
  • Internet Financial
  • Architecture
  • Transactions in Real Time
  • Enhanced Security
  • Collaborative Business
  • Across National Boundaries

Key Topics Covered:

1. Government Blockchain: Stable Value Currency Market Description and Market Dynamics
1.1 Government Blockchain Market Description and Market Dynamics
1.1.1 Blockchain and Cyber Attacks
1.1.2 Central Banks Seek to Master Stable Value Digital Currency
1.1.3 Digital Virtual Currencies Goal: Stable-Coins that Have a Consistent Value
1.2 Blockchains: Cryptographically Secured Distributed Ledgers
1.2.1 Central Bank Currencies: Wholesale and Retail
1.2.2 Advantages of Central Bank Digital Currency
1.2.3 Blockchain Companies Initial Coin Offerings – ICOs
1.2.4 Transfer of Social Trust: From Institutions to Systems Using Well-Tested Computer Code
1.3 Central Banks Exploring Creation of Digital Currency Issued by Government -Accepted as a Method of Payment
1.3.1 Fed System as It Exists Now
1.3.2 Digital Currency Approach Uses Blockchain To Verify and Track Transactions
1.3.3 Individuals Would Hold Accounts Directly at The Central Bank
1.3.4 Sovereign Digital Currencies
1.3.5 Digital Currencies as Payment Methods
1.3.6 Enterprises to Speed Up Digital Transformation
1.3.7 Role of Central Banks in Digital Currency Interoperability

2. Government Blockchain Stable Value Digital Currency: Market Shares and Forecasts
2.1 Government Blockchain Stable Value Digital Currency Market Driving Forces
2.1.1 Replacing Client Server Data Center Architecture with Blockchain Brings New Digital Efficiencies
2.1.2 Blockchain Leverages Artificial Intelligence (AI)
2.1.3 Governments Use Blockchain Distributed Ledgers to Achieve Business and Fiscal Transparency
2.2 Government Blockchain Market Shares
2.2.1 Blockchain Market Shares, Dollars, Worldwide, 2020
2.2.2 IBM and Microsoft
2.2.3 IBM Blockchain
2.2.4 IBM Implements AI Support for Blockchain
2.2.5 IBM Blockchain Decentralized Ledger in Supply Chains
2.2.6 IBM Blockchain Decentralized Ledger in Medical Industry
2.3 Government and Industrial/Finance Blockchain Market Forecasts
2.4 Blockchain Market Forecasts: Banking, Finance, and Insurance, Healthcare, Cybercurrency, Supply Chain, and Internet of Things (IoT)
2.4.1 Rapid Adoption of Technology
2.5 Government and Financial Blockchain Applications
2.5.1 BFSI: Blockchain Impact on Stock Market
2.5.2 Blockchain for Healthcare
2.5.3 Blockchain for Contracts and the Legal Industry
2.5.4 Blockchain for Supply Chain
2.5.5 Blockchain for Internet of Things
2.5.6 SoftBank CEO Masayoshi Son Sees 1 Trillion Devices for Internet of Things
2.6 Blockchain Pricing
2.6.1 Microsoft Blockchain Pricing
2.7 Central Bank Digital Currency Blockchain Regional Market Segments
2.7.1 US
2.7.2 Covid-19 Pandemic Toll on US Communities
2.7.3 US Fed Exploring the Use of Innovative Technologies to Enhance Payments Efficiency
2.7.4 Japan Central Bank Digital Currency
2.7.5 Europe
2.7.6 Bank of China
2.7.7 China Opens Its Financial System to The World
2.7.8 China Ending Anonymity of Virtual Accounts to Cryptocurrency Exchanges
2.7.9 Korean Blockchain Association
2.7.10 UK

3. Government and Industrial/Financial Blockchain Central Bank and Vendor Activities
3.1 Government and Central Bank Planning for Digital Coins and Tokens
3.2 Boston Fed Looking at 30 to 40 Blockchain Networks for Digital Dollar
3.2.1 US Fed and Digital Currency
3.3 EU and Digital Currency
3.3.1 Sweden’s Central Bank, Riksbank
3.3.2 Germany and Italy
3.3.3 Bank of Spain
3.4 China’s Retail Central Bank Digital Currency (CBDC)

4. Blockchain Research and Technology
4.1 On a Blockchain, a Node Replicates Data for All Nodes
4.2 Blockchain Electricity Usage – Moving to Asynchronous Process
4.3 Accenture Patent Tied To “Editable Blockchain”
4.4 Digital Currency Models
4.4.1 Central Bank Digital Currencies (CBDCs)
4.5 Facebook Libra – Diem Association

5. Blockchain Company Profiles
5.1 360 Blockchain Inc
5.2 Accenture
5.2.1 Accenture Blockchain Culture of Innovation
5.2.2 Accenture Blockchain Solutions
5.2.3 Accenture Blockchain Partnerships
5.2.4 Accenture Alliance with Digital Asset Seeks to Fundamentally Change the Way Companies Verify and Settle Transactions
5.2.5 Accenture Digital Asset Partners
5.2.6 Accenture Revenue
5.3 Abra
5.4 Amazon
5.4.1 Amazon Blockchain Partners
5.4.2 Amazon Blockchain Partner Solutions
5.4.3 Amazon Sawtooth
5.4.4 Amazon (AMZN) Integrating Blockchain Technology into Its Networks
5.4.5 Amazon Blockchain Deloitte
5.4.6 Amazon Web Services
5.4.7 Amazon Blockchain for Bitcoin
5.5 Axoni
5.5.1 Comments from Axoni Users as to Reliability of Equity Swap
5.6 BitFury Group
5.6.1 Richard Branson Digital Currency Summit on Private Caribbean Island
5.6.2 Bitfury Group Blockchain Analytics
5.6.3 Bitfury Group Lightning Network
5.7 Binance Exchange
5.8 Blockchains
5.8.1 Slock.It
5.8.2 Slock.it Builds Next-Generation Sharing Platform
5.8.3 Slock.It Addresses Global Market for Sharing
5.9 BlockCypher
5.9.1 BlockCypher Payment Forwarding
5.10 BTL Group
5.10.1 BTL Blockchain Platform, Interbit For Energy Trading.
5.10.2 BTL Group Blockchain Based Cross-Border Settlement Solution
5.11 BMW
5.12 Chain
5.12.1 Chain and Changetip Participate with The Nasdaq-Created Blockchain System Linq
5.12.2 Chain Partners
5.13 ConsenSys
5.13.1 ConsenSys/Quorum
5.13.2 Quorum
5.14 Corda R3
5.15 Deloitte
5.16 Digital Asset Holdings
5.17 Eris Industries
5.18 Ethereum
5.18.1 Ethereum/Advanced Micro Devices’ (AMD)
5.18.2 Ethereum Blockchain CryptoKitties
5.18.3 Problem of Ethereum’s High Fees
5.19 EzyRemit
5.20 Facebook
5.21 Fidelity Investments
5.21.1 Fidelity Size
5.22 Global Arena Holding
5.23 Goldman Sachs
5.24 Government Blockchain Association (GBA)
5.25 Hitachi
5.26 HIVE Blockchain Technologies
5.27 IBM Blockchain
5.27.1 IBM Blockchain Platform Optimized for Deployment on Red Hat OpenShift
5.27.2 IBM Cross Border Payments
5.27.3 IBM Batavia
5.27.4 IBM Internet of Things
5.27.5 IBM Supply Chain Tracking
5.27.6 IBM Blockchain in the Supply Chain
5.27.7 Use Cases for IBM IoT and Blockchain
5.27.8 IBM Revenue
5.27.9 IBM Datacenter Blockchain
5.28 Intel
5.29 JP Morgan Chase
5.29.1 JPMorgan Chase Quorum Blockchain Technology
5.30 Kube MQ
5.31 Lenovo
5.31.1 Lenovo Revenue
5.32 Luno
5.33 Microsoft Blockchain
5.33.1 Microsoft Azure Supply Chain Track and Trace
5.33.2 Microsoft Strengthening Blockchain Partnerships
5.33.3 Microsoft Revenue
5.33.4 Microsoft Covid-19
5.34 MIT Digital Currency Initiative
5.35 NEO Open Source Blockchain
5.36 OnChain Public Platform Project in Conjunction with NEO
5.37 Oracle
5.38 Overstock
5.39 PokitDok
5.40 Provenance
5.41 R3
5.41.1 Blockchain Startup R3 CEV Attracts $107M From BofA, HSBC, Intel and Others
5.41.2 JPMorgan Chase & Co Quit the R3 Initiative
5.41.3 R3 Corda
5.42 Ripple
5.42.1 Ripple XRP Digital Asset for Payments
5.42.2 Ripple Labs a Global Leader in Distributed Ledger Technology
5.42.3 Ripple XRP The Digital Asset
5.42.4 Ripple Product Manager from JP Morgan Chase
5.42.5 Ripple Board of Directors, Susan Athey Has Strong Ties to Microsoft
5.43 SAP
5.44 Scorechain
5.45 Samsung Nexledger
5.46 TATA Consultancy Services
5.46.1 TCS Integrated Blockchain Solution
5.46.2 TCS Risk Information Management Solution
5.47 TON
5.48 Visa
5.49 Wishknish
5.49.1 Wishknish Authentication

For more information about this report visit https://www.researchandmarkets.com/r/1dg8d0


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

Published

on

gilbarco-veeder-root-champions-fuel-efficiency,-clean-fuels-and-diesel-rebate-solutions-in-mining

JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
Photo – https://mma.prnewswire.com/media/2373644/Gilbarco_Veeder_Roots_MEA.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gilbarco-veeder-root-champions-fuel-efficiency-clean-fuels-and-diesel-rebate-solutions-in-mining-302102415.html

Continue Reading

Artificial Intelligence

Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader

Published

on

invoca-wins-cx-today-award-for-best-conversational-intelligence-solution-of-2024;-launches-european-data-centre-and-adds-uk-sales-leader

CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.

“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
Photo – https://mma.prnewswire.com/media/2373968/Invoca___CXToday___PR_Newswire_Image___2700x1080___v_1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/invoca-wins-cx-today-award-for-best-conversational-intelligence-solution-of-2024-launches-european-data-centre-and-adds-uk-sales-leader-302102358.html

Continue Reading

Artificial Intelligence

ASC Achieves Certification for Webex Calling

Published

on

asc-achieves-certification-for-webex-calling

ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.

A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
Logo: https://mma.prnewswire.com/media/2003160/ASC_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/asc-achieves-certification-for-webex-calling-302102352.html

Continue Reading

Trending