DiGiSPICE: Industry Monitoring 22 to 24 June 2019
- Priyanka Kanodia
- Jul 8, 2019
- 6 min read
DiGiSPICE
Competitors
India may remain non-committal on Huawei during Pompeo’s visit
Publication- Livemint
Edition- Online
Date- 22 June, 2019
Even as the US administration puts the screws on Chinese telecom equipment maker Huawei for alleged espionage, India will remain non-committal on allowing the company in 5G rollouts at this week’s meetings with US secretary of state Mike Pompeo.
India will listen to the US views on Huawei, but allow itself considerable time before taking a decision, said a government official who spoke on condition of anonymity. The government has already formed a panel to examine concerns arising out of Huawei’s participation in 5G.
“During Pompeo’s visit, we will be on a listening mode only (on the Huawei issue). We are in no hurry to take a final call, especially as many other countries are also taking their time to decide on this matter and we will be watching their stance also," said the official mentioned above.
Even as Huawei strives to shake off perceptions over its closeness to the Chinese government, the development spells a competitive advantage for European rivals such as Ericsson and Nokia. Sweden’s Ericsson has already rolled out nine live 5G networks globally.
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Affle acquires assets of US mobile ad firm RevX Inc
Publication- The Economic Times
Edition- Online
Date- 24 June, 2019
Microsoft-backed consumer intelligence company Affle has acquired US headquartered mobile advertising company RevX Inc in an all cash deal. RevX’s platform, assets, brand name, intellectual property rights, business relationships and technical information shall be transferred to Affle as part of the deal, people familiar with the development said. They did not share financial terms of the deal. Affle India did not respond to email seeking comment as of press time Sunday.
RevX offers a mobile only self-serve programmatic platform that drives new user acquisition and maximise retargeting and reengagementbased transactions for marketers. Its platform is used by many ecommerce and mobile appdriven companies globally. This is Affle’s fourth acquisition in the past 15 months. ET was the first to report Affle’s acquisition of Singapore based online-to-offline (O2O) platform Shoffr in February this year.
Affle also bought brand, retargeting and push notification businesses and platform of marketing technology startup Vizury in September 2018, and ‘Markt’, a platform to expand its O2O commerce business, in March last year.
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Paytm poised to start its P2P lending business with Clix Capital
Publication- Business Standard
Edition- Online
Date- 24 June, 2019
Clix Capital is in advanced talks with One97 Communications, which controls Paytm, for a strategic stake in its planned peer-to-peer (P2P) lending platform. AION Capital, which has an 85 per cent stake in Clix Capital, was formed by buying the commercial lending and leasing business of GE Capital in India.
The remaining portion of the equity in the company is held by former Genpact founder Pramod Bhasin and former head of DE Shaw in India Anil Chawla. Paytm and AION Capital spokespersons declined to comment on the negotiations or share any details. However, a source close to Paytm ...
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Industry News
Content & Blockchain: The New-age Partners
Publication- The Times of India
Edition- Online
Date- 22 June, 2019
In 2016, three school friends sat together and discussed lack of transparency in the media and entertainment business. National award-winning filmmaker Anurag Kashyap, of Gangs of Wasseypur fame, was one of them. “We were discussing the industry’s problems, how middlemen siphon off millions…,” Kashyap recalls. “(In this internet age) no one gets to know who is watching the film and where,” he adds.
What if there was a way to track everytime a piece of content, be it a film, an ad, a song, or anything else is consumed? Some say blockchain, which has a troubled reputation because of cryptocurrencies, is the way ahead. In fact, some early blockchain pilots were done in banking and finance. “But those industries are very regulated,” says Kashyap’s school friend, Nitin Narkhede, Founder and CEO of MinersINC, which launched myNK, a blockchainbased video streaming platform this year.
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Blockchain Platform Lifechain For Life Insurance Claims Simplification
Publication- Owlt Market
Edition- Online
Date- 22 June, 2019
A blockchain platform called Lifechain will be used for the simplification of life insurance claims. A Singapore-based media organization called Singapore Press Holdings (SPH), a Singapore-based insurance cooperative called NTUC Income (Income), and a subsidiary of MetLife called LumenLab are all working together for this simplification.
The Singapore-based media organization called Singapore Press Holdings (SPH) was established in the year 1984. It is recognized as a leading media organization across Asia. Newspapers, magazines, and books publishing in both a print edition and a digital edition is a purpose of SPH. Digital products, online classifieds, radio stations, and outdoor media are owned by SPH.
The Singapore-based insurance cooperative NTUC Income (Income) was set up in the year 1970. Providing affordable insurance for workers was a purpose of NTUC Income (Income). It has a network of advisers and partners. Life, health, and general insurance products & services are provided through the network.
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LINKEDIN SAYS BLOCKCHAIN IS THE TOP GROWING SKILL IN SINGAPORE
Publication- Analytics Insight
Edition- Online
Date- 22 June, 2019
No doubt the demand for and the supply of skills identified with blockchain has grown in Singapore to the point where it is ruling the market. This news comes by means of another LinkedIn report covering the Asia-Pacific region.
All things considered, as per a LinkedIn report published on June 19, the most prominent new skills among Singaporeans in the course of recent years are around blockchain development, workflow automation and human-focused design, which includes improving products and services for human users, for example, visual design, product design, and customer experience. The report observed blockchain to be the fastest developing expertise in Singapore and among the top three in China, Japan, Taiwan, South Korea, Hong Kong, and Vietnam.
To state that blockchain is the fastest developing skills would be excessively summed up since the business encompasses a ton of territories. In any case, it essentially covers the making of a network or platform that explicitly has to do with the digital distributed ledgers, TheNextWeb reports. It is expected to ensure that transactions are done rapidly, safely, and with no ambiguity.
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Why Blockchain projects do not go beyond experimental stage?
Publication- Money Control
Edition- Online
Date- 22 June, 2019
There has been an overwhelming amount of hype surrounding Blockchain in recent years. Such is the hype that many big names in the market like Facebook, Microsoft, Barclays, UBS, etc. are putting in a lot of effort towards it. Even smaller companies are giving it all in experimenting with Blockchain and to find proper use cases for it in their respective industries. So, there should be no doubt when the figures according to Gartner states that the upcoming value of Blockchain is going to be around $3.1 trillion by 2030.
Though the interest in Blockchain continues to be high, but there is still a significant gap between the hype and market reality. Only 11% of CIOs indicated they have deployed or are in short-term planning with Blockchain, according to the Gartner 2019 CIO Agenda Survey of more than 3,000 CIOs. This may be because the majority of projects fail to get beyond the initial experimentation phase.
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BLOCKCHAIN IN BANKING: An inside look at four banks' early blockchain successes and failures
Publication- Business Insider India
Edition- Online
Date- 23 June, 2019
Since its emergence at the start of the decade, blockchain has been heralded as one of the most transformative technologies for financial services. Blockchain hype has led financial institutions (FIs) to pour money into the space and into distributed ledger technology more broadly: about $1.7 billion annually as of 2018, per research from Greenwich Associates cited by Bloomberg.
Despite the hype, sentiment around the technology has grown increasingly skeptical as FIs struggle to realize the value of their investments. Incumbents have shuttered some early experiments, and FI execs are beginning to discuss blockchain's prospects in bearish terms. Key difficulties include scaling the technology for commercial application, ongoing regulatory uncertainty, and the difficulty of bringing together competing participants. Yet amid the noise, it's becoming more clear where exactly blockchain has value, and some players are beginning to make genuine inroads in their adoption and deployment of the technology.
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FDA to launch pilot blockchain network with IBM, KPMG, Walmart and Merck for drugs traceability
Publication- Medianama
Edition- Online
Date- 24 June, 2019
The US Food and Drug Administration (FDA) earlier this month selected IBM, Merck, KPMG and Walmart to participate in a pilot programme to create a proof-of-concept blockchain network to enhance the security of drugs supply chain, as per a joint release by the companies. The pilot has been authorised under the US Drug Supply Chain Security Act (DSCSA), which aims to establish a regulatory oversight framework to regulate counterfeit, stolen, contaminated, or otherwise harmful drugs. Drug diversion — when prescription drugs are hijacked from the legal market — is a major and costly dilemma plaguing the healthcare industry: nearly 19 million pills, worth up to $164 million went missing in the first half of 2018.
The project is scheduled to be completed in the fourth quarter of 2019, and outcomes will be published in a report. The project’s focus will be on the DSCSA’s requirement to develop the interoperable track-and-trace system for the distribution of prescription drugs by November 2023. The companies and FDA expect to address multiple gaps in the supply chain process, including a speedy framework for tracking inventory, sharing of accurate data among stakeholders, and assuring the integrity of products in the distribution chain.
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