Market Insights

Uber’s new privacy settings, Spotify invests in blockchain: Friday Deal Book for 4/28/2017

April 28, 2017

One World Identity’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending April 28, 2017.

JPMorgan withdraws from R3 blockchain consortium:
JPMorgan became the latest of the R3 founding members to withdraw from the consortium. JPMorgan will likely shift its efforts towards its efforts with the Enterprise Ethereum Alliance and away from the open source blockchain initiatives. [Read more] Spotify acquires blockchain attribution platform Mediachain Labs: Attribution of digital works has been a long standing problem in the music streaming industry. The acquisition of New York based Mediachain Labs will move Spotify, “towards a more fair, transparent and rewarding music industry for creators and rights owners,” it says. Mediachain Labs offers a distributed ledger based attribution platform to help publishers manage attribution and monetization. A sales price was not disclosed. [Read more]

Standards giant IEEE announces new digital identity initiative: The IEEE announced the launch of a new Industry Connections (IC) program: Digital Inclusion through Trust and Agency. The program aims to convene technologists, industry representatives, policy and legal experts, and academic researches to create standards to promote digital inclusion, personal data agency, and security. “Identity is a consideration in every business and social transaction,” explains Greg Adamson, program co-chair. [Read more]

Compliance automation company OutsideIQ acquired by Exiger: Global regulatory and compliance advisory Exiger acquired OutsideIQ for an undisclosed amount to bolster its AI compliance portfolio. The move comes during continued growth of the so-called RegTech industry – seeking to marry technology to regulatory challenges. [Read more]

Sense360 raises $7 million series A round: Consumer analytics startup Sense360 raised $7 million series A round with investments from Firstmark, Qualcomm Ventures (the investment arm of Qualcomm Incorporated) and Upfront Ventures. The company collects anonymous always-on location data from consumers in physical locations to track and analyze consumer behavior in offline environments. Today the company is primarily focused on the quick service restaurant vertical. [Read more]

Ohio companies join forces to launch Fintech71 accelerator: KeyBank, JPMorgan Chase, Progressive, The Kroger Co., Grange Insurance, Huntington, FifthThird, First Federal Lakewood, Root Insurance, and Safelite are among the companies participating in the launch of the Fintech71 accelerator. Applications to the accelerator open on May 15th. [Read more]

IoT security sees new solutions from Cloudflare and Forgerock: Both Cloudflare and Forgerock announced new IoT security products this week. Cloudflare, a provider of security solutions for websites, has re-tooled its web based offering into an IoT specific product called Orbit. Meanwhile IAM provider ForgeRock announced the ForgeRock Edge Security platform to apply identity principles for IoT devices and their communications. We expect growth in the IoT solutions market to remain strong. [Read more: Cloudflare, Forgerock] Uber launches new privacy settings on back of FTC compliant: Uber today has announced that it is launching a revamped privacy controls dashboard for users. Earlier this week, consumer advocacy group Consumer Watchdog lodged a complaint with the Federal Trade Commission alleging that the ride sharing giant tracked consumers who had deleted its app from their phones. Uber points out its been “preparing for this update for more than a year.” [Read more: Uber, Consumer Affairs]