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IBM and Comcast are backing a blockchain accelerator IBM and Comcast Ventures, the telco giant's VC arm, have announced that they will provide support services and funding, respectively, for MState, a new accelerator and investment fund for startups developing blockchain solutions for large enterprises.
MState will invest between $25,000 and $50,000 in up to six early-stage startups over the next half-year.
Galvanize, a US-based coding school and venture fund, and Boldstart Ventures, a VC firm, will also provide technical and financial support.
The accelerator will look for startups that aim to solve problems for enterprises across multiple industries, including financial services.
BI Intelligence analyst Maria Terekhova has the full story.
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| The service, which was already available in 25 stores, lets shoppers scan the barcodes of their selected items through a dedicated mobile app, and allows them to pay through the app and walk out of the store after showing their digital receipt to a Walmart employee. Walmart originally tested the technology in 2014, but consumers struggled to use the service. Read More → | | | | |
| Wealthfront, one of the biggest US digital wealth managers, has raised $75 million in fresh funding from new investor Tiger Global Management, and existing backers including heavyweights Benchmark Capital, Index Ventures, and Ribbit Capital. Read More → | | | | |
| Alibaba has been recruiting independent store owners in China to adopt its retail management platform in their stores, according to Quartz. The platform, named Ling Shou Tong, was originally rolled out in August 2017, and, as of Singles' Day 2017, 600,000 stores, or 10% of China's mom-and-pop shops, were using it. Read More → | | | | |
| Consumers spent $300 million in app purchases on January 1, 2018, marking the highest sales day for the App Store since its launch in 2008. Read More → | | | | |
| LiDAR is a key enabling technology for autonomous vehicles, and a number of companies developing and manufacturing the critical type of sensor have announced innovations that can cut the costs of autonomous systems. Read More → | | | | |
| Facebook published research showing how consumers react to different ad formats, and what brands can do to most effectively get their messages across on various campaigns. Read More → | | | | |
| This marks an increase in e-commerce market share from 2016, when it was responsible for 38% of e-commerce sales, as Amazon's share has grown from an estimated $149 billion to hit $197 billion. The e-commerce titan's ability to grow in its biggest categories while developing in new ones is a big part of its continued success. Read More → | | | | |
| Google will consolidate all its existing payment offerings into a new service called Google Pay, which will encompass in-store payments (Android Pay), peer-to-peer (P2P) offerings (Google Wallet), in-app and in-browser payments made through stored credentials in Chrome, and more, according to a company blog post. Read More → | | | | |
| Whole Foods is introducing new rules for its suppliers to try to lower costs and centralize its operations, but it may be hurting small businesses that sell at the grocer in the process, The Washington Post reports. Read More → | | | | |
| Under Armour launched two new pairs of connected running shoes at CES, TechCrunch reports. This marks the third generation of smart shoes the brand has released over the past year, along with its HealthBox set of connected devices, signaling commitment to wearable fitness tracking devices in order to boost lackluster sales. Read More → | | | | |
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Smart speaker owners use their phones less | | |
Consumers expect more from in-store personalization | | |
Software's growing importance in the vehicle | | |
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