Visa has announced the commercial launch of its cross-border payments network, Visa B2B Connect. Special feature Special report: How blockchain will disrupt business (free PDF) This ebook, based on the latest ZDNet/TechRepublic special feature, looks at how blockchain is shaking up the economy and changing the way individuals and enterprises conduct business. Read More According to the company, the network allows financial institutions to quickly and securely process high-value corporate cross-border payments globally. The launch will cover more than 30 global trade corridors, with Visa saying the aim is to expand into as many as 90 markets by end of 2019.Visa said that along with using its own core assets, it has partnered with IBM Blockchain for Visa B2B Connect. The company touted the use of blockchain will provide "improved process to facilitate financial transactions on a scalable, permissioned network".The IBM Blockchain Platform is built on top of Hyperledger … [Read more...] about Visa sends blockchain-based B2B payments network live
Ria open payment network
IBM has announced that its blockchain-based global payments network has been sent into limited production, with the company touting it as the "new financial rail" that clears and settles cross-border payments in near real-time.IBM Blockchain World Wire, Big Blue claims, is the first blockchain-based network that integrates payment messaging, clearing, and settlement on a single network. "The concept of money is 2,000 years old. The world has been using the same network to process financial transactions for 50 years. And even though globalisation has changed the world, payment fees and other financial barriers remain the same. But now there's a new way to move money," the company pitches. "We've created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most," IBM Blockchain general manager Marie Wieck added. "By creating a network where financial institutions support multiple … [Read more...] about IBM sends Blockchain World Wire for global payments into limited production
Read this Software patents are legalised extortion Software patents would be great if they actually worked instead of just providing rich pickings for trolls, says Mike Lee Read More The American and Chinese trade war is near to boiling. The American attempt to extradite Huawei CFO Meng Wanzhou has failed; China might be behind the Marriott data breach; and China might've caused a massive internet disruption. But one perpetual sore point between the US and China -- intellectual property (IP) abuse -- is taking a step for the better. Alibaba and its affiliate Ant Financial are joining the Open Invention Network (OIN), the pro-open source and Linux patent-protection group.Also: MS-Linux? Lindows? Could Microsoft release a desktop linuxAlibaba -- think of it as China's Amazon and eBay -- has a net worth of over $80 billion dollars. It's the biggest Chinese company to join the OIN. That's important because China has led the world in patent filings for over six years.According to … [Read more...] about Major China company, Alibaba, joins Open Invention Network patent protection group
Nokia has announced open applications across its new WaveSuite optical networking solution to help carriers virtualise their network infrastructure, saying it will push the adoption of software-defined networking (SDN). The WaveSuite applications -- based on high-bandwidth, cloud-reliant MEF Layer 1 standards -- span three categories: Service enablement, node automation, and network insights, which can be used in multi-vendor environments. "WaveSuite Service Enablement applications virtualise and monetise the network infrastructure by improving customer reach," Nokia said. "The applications create a more consumable network supporting more customers and new channels to market, without a large investment in complex back-office systems." Nokia's WaveSuite Node Automation apps then automate provisioning and record keeping to speed up the deployment of equipment, activation of services, and troubleshooting problems. Lastly, the WaveSuite Network Insight applications provide real-time … [Read more...] about Nokia launches open optical networking applications
Featured stories Facebook Portal and Portal+ video calling devices: Should you buy them? Microsoft halts rollout of Windows 10 October 2018 Update: What happens next? Edge Computing: The 2 things tech leaders should know What real people think about the iPhone XS Cloudera and Hortonworks: Prodigal sons reunite Technology changed forever when Microsoft opened its patents by joining the Open Invention Network (OIN). The traditional enemy of all things open source is now not just using or contributing to open source, it's allowing other OIN members to use its 60,000 patent portfolio royalty free on the Linux system. Moreover, it's enabling its OIN brothers and sisters to use these patents to defend against patent trolls.Must read: Microsoft open-sources its patent portfolioWhat does that really mean? Let's take a look...Before going further, let me say: I am not a lawyer. Heck, I'm not even my old friend Groklaw's Pamela "PJ" Jones. But I have spoken to numerous … [Read more...] about What does Microsoft joining the Open Invention Network mean for you?