BLOCKCHAIN MARKET ANALYSIS

Market News

Key Developments

In January 2019, ConsenSys, a blockchain software company, announced entering in a new partnership with Advanced Micro Devices (AMD), a U.S.-based multinational semiconductor company, and Halo Holdings, the Abu Dhabi-based investment management firm, to develop an optimized blockchain-based cloud solution dubbed "W3BCloud" for the blockchain industry.

In October 2018, Infosys Finacle, part of EdgeVerve Systems Limited, a fully owned product subsidiary of Infosys, and R3, one of the fastest growing enterprise blockchain software company, announced collaboration on blockchain solutions. This partnership enabled banks to easily access and deploy the Finacle’s blockchain solutions on Corda, which is R3’s open-source blockchain platform. 

In April 2019, Accenture and an insurance firm, Generali Employee Benefits (GEB), launched the first blockchain-based solution for the employee benefits (EB) industry to mitigate processing errors in the reinsurance process through smart contracts and automatic reconciliation

In November 2018, Amazon launched two new blockchain products know as, Amazon Quantum Ledger Database and Amazon Managed Blockchain, to help clients develop blockchain networks without incurring the costs of creating their own platform. Users can build blockchain platforms by using AWS’s cloud-computing services

In September 2018, Intel and software multinational company, SAP announced partnership on Enterprise Blockchain Development Initiative, which allows customers to integrate an enterprise and blockchain data using the pay-as-you-go model