Accenture: Blockchain ‘Perfect Match’ For Aviation Industry
Accenture has come out with new proposals on how Blockchain technology could be a “perfect match” for the airline industry. Accenture: Blockchain, Airlines ‘Align Very Well’. The global consulting firm released an outline, which foresees Blockchain’s distribution in multiple areas of commercial aviation, stating the industry and nascent technology “align very well.” “With so many systems in play—airlines alone house data in many isolated systems from passenger service to crew management—data exchange is not always smooth,” the release explains. And in the airlines industry, not only are....
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The Chamber of Digital Commerce gets three more high-profile member companies in the form of Accenture, CME Group, and TMX Group. The use of blockchain technology across various industry segments can’t be contested. The shared interest among companies to explore the use of cryptocurrency technology has led to the creation of the Chamber of Digital Commerce. It is currently the leading blockchain trade association which just became bigger following the inclusion of Accenture as one of the members. Other companies that gained entry into the Chamber of Digital Commerce alongside Accenture....
Accenture has patented a new system that can be used to edit the seemingly immutable blockchain entries. Accenture is redefining the concept of Blockchain. The tech services provider has recently patented a system which can be used to edit the blockchain entries. The latest development was reported by one of the leading news media outlets. In the report, Accenture’s group chief executive for financial services Richard Lamb was quoted saying: “For financial services institutions faced with the myriad of risk and regulatory requirements, absolute immutability is a potential roadblock.” With....
A financial innovation lab operated by management consulting firm Accenture has added a blockchain startup to its latest class. Accenture's 2016 FinTech Innovation Lab London, the company announced yesterday, will include 15 startups. Crowdaura, which uses blockchain technology as a mechanism for issuing securities via crowdfunding, is the sole blockchain startup to be included in the class. The selected startups will spend 12 weeks working with Accenture staff and executives from a variety of major financial institutions including Bank of America, Deutsche Bank, HSBC and Société Générale.....
Global professional services group Accenture has announced a prototype that they call an “editable blockchain.” The firm says the concept addresses immutability concerns and the right to be forgotten laws. Accenture Editable Blockchains Preferred By Banks. Last week, an executive from Accenture described Bitcoin’s immutability as a weakness. Now, the....
According to an investigation by Coindesk, the U. K. government is currently working to understand the developments in the cryptocurrency industry, and has recently been advised by Accenture to start regulating bitcoin wallets. According to the company, the biggest problem associated with bitcoin is its negative reputation for being used in money laundering and criminal activities. Note that Accenture has also welcomed progress in the digital currency industry and is eager to see more of its practical uses explored. Prior to this the U. K. government has released a call for more....