Verizon Ventures: Blockchain's Future is Brighter Than Bitcoin's
Visa, Capital One, JP Morgan. While it may be expected that the world's leading financial firms would be interested in bitcoin and blockchain tech given its association with currency, the technology's range of potential use cases is attracting perhaps more surprising names. For example, Verizon Ventures, the venture capital arm of US telecommunications giant Verizon, recently invested in Filament, a Nevada-based startup seeking to use the bitcoin blockchain and Ethereum to enable Internet of Things (IoT) devices to both be tracked, and to transact, on a public ledger system. The investment....
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US communications giant Verizon has filed a Blockchain patent for its digital media rights following three years of investigative research. Verizon: Patent for ‘Passcode Blockchain’. Verizon, the largest communications company in the US, made the application in May but has declined to comment on its plans behind the move. The patent, a copy of which was....
Not too long ago, Verizon Enterprise Solutions suffered from a data breach as an unknown assailant managed to infiltrate their Enterprise Solutions division. Even though regular Verizon customers should not be affected by this breach, there is a particular worry regarding this data theft, as it could be used to develop new types of malware and ransomware attacks. Although those details have not been confirmed, the stolen information can be bought on the Darknet for US$100,000.
News requires an element of trust. Blockchain may be able to help. Verizon has unveiled "a blockchain-based, open-source newsroom product designed to raise the bar for corporate accountability," according to a public statement today. Called Full Transparency, the platform is meant to immutably document the company's own news releases on a public blockchain. Verizon posted its first news story through the platform yesterday, according to comments sent to Cointelegraph by a Verizon representative. Alterations made after the story's initial publication were also recorded. The representative....
Filament has raised $5m in Series A funding led by Bullpen Capital and including contributions from Verizon Ventures and Samsung Ventures. The decision by Samsung Ventures, the capital arm of consumer electronics giant Samsung, marks its first public investment in a blockchain industry firm and notably follows its participation in IBM's blockchain proof of concept ADEPT. Announced in January, ADEPT used the bitcoin and Ethereum networks to enable devices to communicate as part of a wider transition toward connected consumer devices known as the Internet of Things (IoT). Co-founder and CEO....
Verizon Communications has filed a patent for a Blockchain technology for managing passcodes. The telecom giant, the largest in the US, filed the patent in May. The technology, apparently in development for years now, would deal with the management of digital rights. According to the patent, the purpose for this application of Blockchain technology is the tracking and management of customer passcodes: “The DRM (digital rights management) system may maintain a list of passcodes in a passcode Blockchain. The passcode Blockchain may store a sequence of passcodes associated with the particular....