HyperLinq : Weekly Digital Asset Digest 25
The HyperLinq Weekly Digest is the one-stop source for the HyperLinq community to access relevant news involving digital assets, where we essentially outline key industry updates that our members may have missed. We are always open to suggestions and feedback so please do not hesitate to let us know what you think!
Walmart Files Patent for Blockchain-Backed Drone Communication : William Foxley | CoinDesk
Walmart has reasserted its interest in blockchain-backed drones with a recent patent application. The commerce giant filed for an application entitled "Cloning Drones Using Blockchain" in January 2019 with the United States Patent and Trademark Office publishing the patent on August 1. In 2017, Walmart sought a patent for a blockchain-based drone package delivery system, among other applications.According to the patent, blockchain technology is used to transmit information, like drone identification numbers, flight heights, flight speeds, flight routes, battery information, or loading capacity, to other drones. Coordination and communication are also listed as valuable uses. By encrypting data on a decentralized ledger, operational parameters can be executed without fear of being compromised. Patent application publishing and patent issuance are not the same, however. The patent applications is the first step in a long application process.
US Customs and Border to Trial Blockchain Shipping Proof-of-Concept : Max Boddy | CoinTelegraph
A United States Customs and Border Protection advisory committee is planning to launch a live test of its blockchain-based intellectual property rights proof of concept. The Commercial Customs Operations Advisory Committee will run its tests from late August to late September, per a report published on the CBP’s website. Currently, the subcommittee is involved in three ongoing proof-of-concept projects involving blockchain technology. One of these is called the "Intellectual Property Rights Proof of Concept", which is an attempt to run shipments via blockchain, relying on pre-existing licensor and sublicensee relationships. This project tested a blockchain-based system for tracking shipments. The system itself reportedly was a combination of CBP’s legacy application and a blockchain-based platform developed by the Department of Homeland Security. Vincent Annunziato, the director of the CBP’s Transformation & Innovation Division, remarked that he believed blockchain platforms were insufficiently compatible with each other.
IBM, Tata Become First Big Techs to Back Hedera Blockchain : Nathan DiCamillo | CoinDesk
IBM and Indian telecom company Tata Communications have joined the governance council of Hedera Hashgraph, a blockchain-like public network for enterprises. Now, eight of the 39 available spots for governing council members are filled, the network announced Monday. "Our goal is to create the most decentralized governing body of any of the major public platforms", Mance Harmon, CEO of Hedera, told CoinDesk. "We’re covering multiple industries…and we’re wanting global coverage." IBM is the first major tech company and Tata is the first Indian company to join the network. Some of the network’s other governing members include Japanese financial holding company Nomura, Deutsche Telekom and law firm DLA Piper. At this point in the network’s lifecycle, council members are invited by Hedera to join and given fee income for running nodes. IBM said it is most interested in how the public network interacts with private networks. "Hedera Consensus Service makes it possible for Hyperledger projects out there to use the service to put transactions in order and eliminate the need for them to stand up nodes for transaction ordering, and they get the trust model of a public network", Harmon said. Tata Communications, part of the Indian conglomerate Tata Group, could not be immediately reached for comment but said in a press release that it plans to use distributed ledger technology to improve operational efficiency. The addition of the two major firms will further decentralize Hedera’s governance, said Harmon.
Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers : Max Boddy | CoinTelegraph
Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords. Some users’ credentials were saved when a rare signup error occurred. When users encountered this error, Coinbase would deny their registration but still save their credentials, including username, email address, proposed password and state of residence for United States-based users. Moreover, the announcement specified that the 3,420 individuals then submitted a new registration application, in which they used the same password. Per the announcement, Coinbase uses Amazon Work Station for its internal logging, and it shares data with a few log analysis services. These analysis services, as well as AWS, are all audited, and access to the info is said to be tightly restricted.
Amazon Managed Blockchain Gets ‘Stacking’ Support : Daniel Kuhn | CoinDesk
Amazon Web Services is integrating its Managed Blockchain platform with CloudFormation. CloudFormation, part of the web services arm of the e-commerce giant, will support the company’s blockchain management system. The service will assist in "creating and configuring networks, members, and peer nodes." Free to clients of Amazon Web Services, CloudFormation acts as a replication and scaling tool between a client’s web service applications, making it easier to build new blockchain networks. The idea is that managed blockchains will become even more scalable. AT&T, Nestle, Accenture are counted as clients. According to the company, "Amazon Managed Blockchain eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions." Last week, Amazon published a job posting that suggests it is building ways to use blockchain for its advertisement business.
Alibaba Files US Patent for Blockchain Domain Name Management System : Max Boddy | CoinTelegraph
Chinese online retail giant Alibaba has applied for a United States patent entitled "Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems." Alibaba filed its latest application on Aug. According to the filing, Alibaba intends to patent a system that uses what they call a "unified blockchain domain name" in order to denote and share information. In the system, Alibaba proposes to use a computing system to generate a UBCDN message which contains a blockchain domain name and a chain identifier that is paired with that name. As further specified in the patent application, this UBCDN system is intended to be used as a unified means of managing domain names in cross-chain interactions across blockchain systems. The patent cites several instances in which this technology could be useful, including for blockchain managers. As reported by Cointelegraph in May, Alibaba opted to integrate blockchain tech into its intellectual property system for global enterprises and brands.
Self-Proclaimed Binance Hacker Warns: New Wave of Data Leaks Is Coming : William Suberg | CoinTelegraph
The hacker behind private user data allegedly stolen from cryptocurrency exchange Binance is preparing to release further material. While no timeframe was given for the potential release, the hacker included records of Telegram chats, including with a user described as a member of Binance’s customer service team. Another appeared to show an attempt to trick the hacker into visiting a dangerous website address, under the guise of the address containing fresh KYC data. While investigations are ongoing, no official representative from the exchange has formally acknowledged any issue. "At the present time, no evidence has been supplied that indicates any KYC images have been obtained from Binance, as these images do not contain the digital watermark imprinted by our system", a statement released on Aug 7 reads.