Category Archives: Ethereum News

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Mexico to Conduct First Public Procurement Procedure on Blockchain

A blockchain project birthed at a Mexican hackathon in April 2018 has, in turn, led to the Mexican government to begin conducting a public procurement procedure via a blockchain network.

The project

This will be Mexico’s first use of the technology for this purpose and is a bid to bring transparency to a public tender; the organizers will be publicly releasing the white paper and object of tender in late August.

According to Mexican business news outlet El Economista, the governance model of the network is a collaboration between several government entities, notably the Coordination of the National Strategy and the Digital Government Unit as well as the consultancy of Mexico’s blockchain industry and international experts.

Additionally, public institutions, universities and civil societies will be part of the model’s horizontal structure; these parties will supervise and validate the transactions within the blockchain.

The project is to utilize Ethereum to create several smart contracts that operate at each level of the procedure. Firstly, the “Buyer Unit” is a registration contract for the government agency purchasing services or goods, while the second is the registration of suppliers and it stores the data of companies looking to take part in one or several bidding processes.

Within the second contract, another then verifies the reputation of a participant based on the data of their previous bidding actions. After this, a fourth smart contract stores the important data, beginning from registration to the tenders results, and a fifth contract executes to evaluate the registered proposals requirements and awards the project to the winner.

Promoting trust

The project began at the Talent Land 2018 hackathon. Coordinator of the National Digital Strategy, Yolanda Martinez Mancilla, said, “The objective is to continue strengthening the prototype that was presented in April of this year, within the framework of Talent Land 2018, and to launch in August the model of governance of the public network.”

She added, “It is a joint action aimed at developing an open governance network where it does not cost users the development of applications and continue as a pioneer government in the inclusion of emerging technologies to improve public services.”

The project to increase transparency in public contracts has been in a matter of discussion since December of 2017 after a high-profile scandal involving a South American construction firm and the then-president Enrique Pena Nieto.

The Mexican government appears to have a reinvigorated interest in blockchain solutions and is beginning to ramp up efforts to improve its poorly-rated global blockchain ratings.

 

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Amazon Launches Collaboration with Consensys: An Easy Blockchain Deployment Service for Enterprises

One of the world’s most innovative e-commerce companies, Amazon.com, is venturing further into the realm of blockchain after announcing a new startup partnership called Kaleido.

Amazon Web Services (AWS) is the cloud computing subsidiary of the online retailer; for a subscription fee it provides individuals, companies, and governments with a cloud computing platform. The service offers a myriad of solutions and is making blockchain part of the service.

Recently, Bitcoin News reported that Amazon had begun taking on blockchain proposals from partners on AWS. In April, it had also launched ‘out-of-the-box’ blockchain templates for Ethereum and Hyperledger Fabric via the platform.

Boosting enterprises into blockchain

The announcement was made at the 4th annual blockchain technology summit in New York called Consensus 2018. Now, in a new collaboration with leading blockchain incubator company Consensys, the startup called Kaleido will provide a new Blockchain Business Cloud, which is designed to speed up and simplify the blockchain integration and operation process for any enterprise.

In a press release, Kaleido founder Steve Cerveny said:

“If blockchain doesn’t become dramatically easier to use, then companies will have to walk back their investments and our society will be far too slow in realizing blockchain’s significant promise. We designed the Kaleido platform from scratch with new user experiences and tools to radically simplify the entire enterprise journey.”

He added, “They can focus on their scenario and they don’t have to become PhDs is cryptography, we give them a simple platform to build their company on blockchain.”

The company is aiming to provide AWS customers with an “easy button” to access the underlying technology that supports Bitcoin; it is also the first blockchain based Software-as-a-Service (SaaS) solution on the AWS marketplace.

Ethereum co-founder and founder of Consensys, Joseph Lubin said, “We are now entering a new era of simple and inclusive access to blockchain technology that cuts through the hype to advance stronger, more collaborative, business relationships previously out of reach.”

Implications for future enterprises

Simplifying the onboarding process for enterprises seeking to participate in the blockchain boom is a crucial step at this stage; while the value of Bitcoin has garnered institutional and investment attention, the technology that underpins it is also getting more industrial attention than ever, going beyond the financial fascination of digital currencies.

The value of this partnership and blockchain development is far-reaching; Consensys is a founding member of the Enterprise Ethereum Alliance (EEA), a group of over 500 organizations dedicated to meeting the specific needs of companies with Ethereum. With Amazon and AWS backing the effort, Kaleido could completely shift the landscape for businesses involved in blockchain.

 

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