June 3 – 5 Key Stories From The Digital World

By June 2, 2019 Insight

1. State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020

  • entered advanced testing of a blockchain to automate the time-consuming and paper-heavy processing of automobile claims
  • the companies developed this system using Quorum, the private enterprise version of ethereum created by JPMorgan Chase
  • To streamline this process, the new blockchain nets out the balance of these payments (which run into the thousands each month) and facilitates a single payment on a regular basis between insurers

2. Honeywell Brings Blockchain to Used Aircraft Parts Market

  • using blockchain to shake up the market for used aircraft components, making it easier to check the certification and origin of a part and speeding up transactions
  • earlier this year introduced an online marketplace based on blockchain that lets more than 800 international buyers and sellers trade aerospace parts in real time
  • Before blockchain, a transaction took, on average, two phone calls and four emails to arrange, and two days to close

3. Global Esports Popularity Give Gamer Companies Reason To Be Bullish

  • China aside, the esports industry already has a larger audience than Major League Baseball
  • Esports have joined the big leagues, Goldman Sachs analysts wrote in a recent report about the new subsection of the video game industry.
  • Goldman estimates the monthly size of competitive esports gamers, 167 million as of year-end 2018, will hit 276 million by 2022

4. Microsoft and UCLA reveal cloud platform to use healthcare data for precision medicine

  • thinks that machine learning is the natural next step for hospitals following the widespread implementation of electronic health records over the past few decades
  • new platform will take in data from several sources so that it can be analyzed in a holistic way and, eventually, allow the hospital to tailor care down to the individual
  • Healthcare providers have been slower than other industries to embrace cloud computing in part due to concerns over data security

5. Most of SpaceX’s Starlink internet satellites are already on track

  • first batch of 60 Starlink internet satellites has been orbiting Earth for about a week
  •  “all 60 satellites have deployed their solar arrays successfully, generated positive power and communicated with our ground stations.”
  • SpaceX president Gwynne Shotwell mentioned four of the units had unspecified problems