Blockchain technology expands beyond Bitcoin and into car-sharing

• Accounting and consulting firm EY, part of Ernst & Young Global, said on Wednesday it was launching a blockchain based system that will enable companies or groups of individuals to more easily share ownership of vehicles and access to cars and trucks. EY could deploy the system, called Tesseract, in a test with an unnamed partner within the next quarter, EY partner John Simlett told Reuters in an interview .
• Blockchain technology allows shared access to data that is maintained by a network of computers, instead of a trusted third party.
  • A group of 10 large food and retail companies earlier this month said they had joined an IBM effort to study how blockchain systems could be applied to food supply chains.
  Microsoft also recently said it was developing what it called the CoCo framework to reduce the complexity of adapting blockchain technology to commercial transactions.