Two Global Companies Talk Blockchain

March 02

In terms of real-world applications, much of the blockchain activity is in fintech and among startups.  But earlier this week, two global companies discussed how they plan to use blockchain.  As Techcrunch reported, Rakuten is planning a new cryptocurrency called Rakuten Coin — built on blockchain technology and the company’s existing loyalty program, Rakuten Super Points — which it plans to use to encourage loyalty services globally and to help customers to buy goods across different Rakuten services and markets.

In an interview with Fox Business,  Starbucks Executive Chairman Howard Schultz hinted that Starbucks is heading toward accepting a virtual currency as payment in the future.  He said, “I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of,” the former CEO of the coffee giant said.

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David Zaslowsky has a degree in computer science and, before going to Yale Law School, was a computer programmer. He is currently the Chairman of the Litigation Department of the firm’s New York office. His practice focuses on international litigation and arbitration. He has been involved in cases in trial and appellate courts across the United States and before arbitral institutions around the world. Many of David’s cases, including some patent cases, have related to technology. Since 2008, David has been included in Chambers for his expertise in international arbitration.

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