DiGiSPICE: Industry Monitoring 23 April 2019
- Priyanka Kanodia
- Apr 30, 2019
- 4 min read
DiGiSPICE
Industry News
DoT likely to agree around yearlong 5G trial period
Publication- NewsD
Edition- Online
Date- 23 April, 2019
The stalemate over duration of 5G trials between telecom operators and the Department of Telecom is moving towards a resolution with the DoT possibly agreeing to a one year period of network testing, sources said, adding the trials would happen any time in the second half of the current calendar year.
“We are looking at a resolved scenario. As of now, the 90-day period has not been relaxed. But it is likely to be relaxed… It could be any time in the second half of the year,” a source said.
Airtel, Vodafone Idea and Jio are gearing up for 5G trials along with their network partners which could be Samsung, Ericsson and Nokia, depending on who they finally choose at the time of trial.
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EY Announces Launch Of New Blockchain Solutions And Services In India
Publication- Express Computer
Edition- Online
Date- 23 April, 2019
The cryptocurrency ecosystem has been focussed on achieving mainstream recognition, for which much cryptocurrency organizations have been striving to cater to the vast majority of geographical regions across the globe. Ripple with its efficient system for cross border transactions has been following the said aspiration and blog by Roel Wolfert, Managing Partner at VGrip titled “How Blockchain Will Help Banks Tap New Markets in MENA,” reiterated the same.
Coinciding with the conclusion Ripple Regionals MENA, a conference where proponents in the South Asian and Middle Eastern regions spoke about the need for a revamp in terms of transfer technologies, the Wolfert’s blog, states:
“Cross-border cash transfers can eat up as much as 9 percent of the amount sent, which makes it as profitable for the service providers as it is a bad deal for customers. It’s no surprise that fintech companies are using blockchain technology, mobile devices, social network plug-ins and chat services to disrupt the existing remittances process.”
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Infibeam Partners With Blockchain Startup Primechain Technologies For Building Blockchain Platform For Trade Finance Sector
Publication- Express Computer
Edition- Online
Date- 23 April, 2019
Infibeam Avenues recently made headlines when it announced an investment of Rs 250 crore (US$ 36.15 million) to build a backend blockchain enabled fintech platform. Now, Infibeam has partnered with blockchain startup Primechain Technologies for the state of the art blockchain platform, which will cater to the US$ 12 trillion trade finance sector.
International trade has existed for thousands of years and involves the exchange of capital, goods, and services across international borders. International trade represents a significant share of Gross Domestic Product (GDP) of most countries. Trade finance is an umbrella term for all the monetary activities related to commerce and international trade – lending, the issuance of letters of credit, factoring / invoice discounting, export credit and insurance.
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Accenture execs explain why a company's true investment isn't AI - it's in retraining its current workforce
Publication- Business Insider India
Edition- Online
Date- 23 April, 2019
The Accenture leadership team was fully on board with the need to get ahead of both big bang and compressive disruption heading our way. But what about the wider organization, now some 450,000 employees? To succeed with our wise pivot, we clearly needed new talent strategies. First, we needed to help our Accenture managing directors, who run the day-to-day business of serving clients, understand what the new strategy demanded of them personally.
We started by surveying our top leaders on the characteristics they believed essential for success in the future. When the synthesis of this was presented to a receptive management committee, one thing everyone agreed on was that being a digital-first organization required continual reskilling.
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JPMorgan Chase Incorporates New Features To Its Blockchain-Powered Network For Global Banks
Publication- Krypto Money
Edition- Online
Date- 23 April, 2019
While a vocal naysayer for cryptocurrency, JPMorgan Chase (JPM) is slowly becoming the flag bearer for adopting blockchain technology. As reported by the Financial Times on April 21, the wall street giant will be employing the blockchain technology in order to reduce the number of global payments rejected by errors.
The United States-based financial giant is incorporating new features to its Interbank Information Network (IIN,) which is currently being employed by more than 220 banks around the world. Initially designed to help institutions share payments data in real time, the technology is causing delays in processing times.
JPM’s head of global clearing, John Hunter, stated that a new feature has been built that can instantly verify whether a payment is heading to a valid bank account. In the current process, the transaction can be rejected days after they were sent due to typos in sort codes, account numbers, and addresses. Hunter explained to the publishing:
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Blockchain Company Inblox to Revolutionize Content Consumption
Publication- Crypto News
Edition- Online
Date- 23 April, 2019
Inblox, one of the most promising and upcoming projects in the blockchain and digital asset space , recently started producing a new series of talk show on blockchain and open education initiative known as inblox #OpenEd. Some of the well-known names on the show include, Apoorv Shankar, Aman Sanduja, Naimish Sanghvi, Vikas Singh, Shikha Mehra and Varun Sethi.
For the uninitiated, Inblox is a project under Fintech sphere that promises to revolutionize the way content is consumed online by people all around the globe specific to the blockchain and crypto ecosystem. It also showcases best used cases of emerging technologies, and also how investment in digital currency is gaining traction under new asset class.
Inblox, as a facilitator, caters to growing community needs, has managed to create its own ecosystem, that comprises of respected, prominent Business professionals and inspiring members from Fintech and Trading/Investment space. Inblox, as an aggregator and moderator has created formidable and path breaking innovation which has aided in Inblox’s advancement and penetration within Community members aspiring to get into this ecosystem.
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