Editor's Desk

Author: Editor's Desk
Blockchain Magazine is an independent platform mainly focused on news and stories related to blockchain and other decentralized technologies. We are committed to deliver and present a reliable and true picture of blockchain framework.

Inaugural Singapore Blockchain Living Lab Kicks Off

July 4, 2020
216
The inaugural Singapore Blockchain Living Lab is underway advocating for sustainable blockchain innovations in real-world applications. SUSS and SmartMesh have collectively organized the SUSS-SmartMesh Workshops and Blockchain Challenge 2020, which kicked off on June 23rd and intended at empowering youth t...

A Bug Discovered in Moscow’s Blockchain Based Polling System

July 4, 2020
208
Russia’s new blockchain-based polling system might not be as secure as previously assumed. A recent report revealed a bug in the system that might be exploited to enable a third party to view how people voted. Russian journalists found a vulnerability in Moscow’s blockchain-based polling system. If exploit...

Alibaba Leads Blockchain Patent Race in 2020

July 3, 2020
239
 A new report from the China Patent Protection Association designates that Chinese multinational Alibaba leads the world in patents awarded for blockchain-related technology.  According to the 2020 Blockchain Global Patent Au­tho­ri­sa­tion Re­port, there are 3924 awarded patents for blockchain t...

Far North Queensland irrigation district trials blockchain

July 3, 2020
162
Blockchain technology is being trialed in the Far North Queensland irrigation district, Mareeba-Dimbulah, to enhance water trading in the region. The pilot project uses technology developed by young Australian company Civic Ledger and is financed by the Cooperative Research Centre for Developing Northern A...

Singapore trade blockchain integrates SME financing solution

July 2, 2020
261
Yesterday, Singapore-based Global eTrade Services (GeTS) declared a partnership with blockchain firm Shuttle One to combine the former’s financing and supply chain platform with Shuttle One’s payments solution ecosystem. GeTS is the partly government-owned logistics and supply chain management firm that de...

Cartesi launches Decartes SDK bringing blockchain dapp development to Linux

July 2, 2020
230
The Cartesi Foundation today declared the launch of the Decartes software development kit and developer portal to allow developers to create distributed ledger blockchain apps utilizing the Linux operating system. The SDK, which is recently an alpha test version, will enable developers to utilize mainstrea...

EU-backed Blockchain Consortium PharmaLedger Declares Use Cases

July 1, 2020
311
Blockchain healthcare consortium PharmaLedger has declared the first eight use cases for its initiative. Launched in January 2020, the project is due to last three years. It has a budget of over €20 million, mainly from the European Union’s IMI (Innovative Medicines Initiative) and the EPIA (European Feder...

Beijing to Set up Blockchain Fund and Promote ‘Unicorn’ Firms

July 1, 2020
214
The city government of Beijing and the surrounding area has declared a new two-year plan to promote the Chinese capital’s blockchain industry. As per an official declaration from the People’s Government of Beijing Municipality, the capital’s plan includes setting up blockchain technology talent training au...

IBM’s blockchain helps Norwegian seafood producers provide traceable products

June 30, 2020
296
Blockchain technology is resolving the problem of enhancing trust between Norwegian seafood suppliers and customers. Consumers are also demanding more documentation about the food they consume, and suppliers want to be able to guarantee where food comes from to assure its quality and provenance. Blockchain...

Without Data Standards, Blockchain Technology Is Irrelevant

June 30, 2020
260
Though blockchain has displayed great promise in the logistics industry like technology, mainstream blockchain adoption has been left wanting. This resistance to adoption comes from the requirement for data standardization. Without proper data standards, blockchain within supply chains would not operate, a...

Catalyst Blockchain Platform to make blockchain easier to use

June 29, 2020
291
IntellectEU has made commonly accessible its Catalyst Blockchain Platform. It is a solution that allows the creation, management, and upkeep of blockchain networks and smart contracts. According to IntellectEU, this refers to any cloud, on-premises, or hybrid infrastructure. “Blockchain networks are ...

South Korea blockchain ID app eyed to ‘pass’ driver verification

June 29, 2020
332
South Korea’s SK Telecom has launched a blockchain identity app named “Pass,” enabling authentication for different services. Telecom companies KT and LG U+ developed Pass, which has been around since 2018. The Pass allows verification of a user’s driver’s license and is helpf...

ID2020 Alliance certifies blockchain identity firm ZAKA

June 27, 2020
328
Yesterday ID2020 declared that UK-based ZAKA was only the third digital identity organization to gain ID2020 certification. ZAKA has applications in the developing world, however, also a COVID-19 solution. The ID2020 Alliance is supported by big names like  Microsoft, Accenture, the Rockefeller Founda...

Share registrars try to delay Australian Securities Exchange blockchain launch

June 27, 2020
304
The Australian Securities Exchange (ASX) had scheduled to launch its blockchain clearing and settlement system CHESS in April 2021. Due to COVID-19, the ASX stated in March that it would discuss this month about dawdling the CHESS rollout. Although various market participants, particularly share registrars...

Splunk integrates with pharmaceutical blockchain supply chain app

June 26, 2020
337
U.S. based Splunk offers its operational intelligence solution for a pharmaceutical trace and track blockchain developed by LedgerDomain, the company stated in a blog post. Splunk is a $30 billion market cap listed company that produces software to monitor, report, and analyze machine data. It utilize...

Rowan Energy Blockchain Marches Ahead with Listing of its RWN Token

June 26, 2020
438
Rowan Energy Blockchain achieves another significant milestone. RWN token, the ERC-20 token developed on the Rowan Energy POA, a side-chain of Ethereum, is all prepared to make its entrance on LATOKEN and VinDAX platforms. The leading digital assets trading platforms will start RWN tokens on 1 July 2020. T...

How blockchain could unlock the potential of unmanned aviation

June 25, 2020
421
SkyGrid, a drone software company owned by Boeing and AI company SparkCognition, has released a report on “The Power of Blockchain in Unmanned Aviation.” It examines the advantages of blockchain for drone technology and outlines practical examples. Drones have conferred the potential to transform industrie...

Sia And Quant Network Successfully Test Blockchain Interoperability

June 25, 2020
294
A leading pioneer in enterprise blockchain technology, Quant Network has successfully trialed cross-blockchain interoperability between multiple Distributed Ledger Technology protocols along with European payment services and infrastructures SIA. “The partnership between Quant Network and SIA has been extr...

ASX states its blockchain will help issuers manage shareholders

June 24, 2020
212
ASX has said companies listed on its exchange that its delayed blockchain project will include new features involving “improved processing for corporate actions” that promise to decrease costs for equity issuers. In an update on its new equities clearing and settlement system, ASX said it antic...

SK Telekom, KT, LG U+ launch blockchain identity app for driving license authentication

June 24, 2020
247
Today, South Korea’s SK Telekom declared the commercial launch of a blockchain-based digital identity app developed with telecom companies KT and LG U+. Named ‘Pass,’ the app allows verification of the user’s driving license to facilitate authentication for several services. &n...

Vottun Unleashes Secure, Independently-Verifiable, COVID-19 Test Results via Blockchain Technology

June 23, 2020
133
Tim Draper-backed Blockchain company Vottun has published a new secure, independently-verifiable COVID-19 test result platform utilizing blockchain technology. The platform will offer real-time health verification for workers and people attending sporting events after the COVID-19 lockdown. Following the i...

Italy towards the implementation of a legal framework on Blockchain

June 23, 2020
129
The Ministry of Economic Development launched a public consultation setting out recommendations for DLT and blockchain in several fields, including the regulatory banking and financial industry. The plan is to set out a competitive legal framework for promoting investments. On 18 June 2020, the Ministry of...

Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank

June 22, 2020
346
The research arm of Saudi Arabia’s Islamic Development Bank Group intends to develop a blockchain-based smart credit management system. The bank’s Islamic Research and Training Institute, or IRTI, has associated with the Samsung-backed blockchain provider Blocko. The collaboration is part of th...

Chinese Firms Keep Investing in Blockchain Despite COVID19 Outbreak

June 22, 2020
354
Investment in China’s technology sector in the last few months has witnessed a severe downfall due to the coronavirus outbreak. However, a current survey reveals that many companies still intend to fund in blockchain technology. The industry capital venture has been excessively affected by the existing mar...

IPCSA Expanding Effort to Develop and Prove Blockchain Bill of Lading

June 20, 2020
395
The International Port Community Systems Association’s (IPCSA) declared that it is expanding its initiatives intended to advance the blockchain bill of Lading. Like various other organizations and partnerships, the IPCSA members are developing standardization and proof-of-concept of blockchain applications...

Aussie Blockchain Project ShareRing Gets Investment from Alpha Sigma Capital

June 20, 2020
367
Digital assets investment fund concentrated on delivering growth capital to blockchain companies and projects Alpha Sigma Capital (ASC) is supporting blockchain startup ShareRing, who is well-positioned to take benefit of the fast-growing sharing and rental (gig) economy. “The ShareRing platform is built o...

Virtual currency Bitcoin maintains network health after half-life Hash rate does not change

June 19, 2020
232
It became clear that the soundness of the Bitcoin network has been maintained since the half-life of virtual currency (cryptographic assets) Bitcoin yesterday. According to Grassnode, a blockchain data analysis company, there is no significant change in the bitcoin hash rate after the half-life, and the he...

Mining cryptocurrency is the new malware of Android applications

June 19, 2020
263
A new type of malware has been discovered in some heavily downloaded Android applications. Instead of infecting the bitcoin user, apps mine cryptocurrency. What if the application you downloaded emptied your Android battery because it is dedicated to mining cryptocurrency in the background? Watch out, it&#...

Binance Charity Utilizes Blockchain Technology to Deliver 200k Masks to 11 NY Hospitals

June 19, 2020
311
Binance Charity, the non-profit arm of Binance exchange, has been on the frontline when it comes to granting aid to countries devastated by COVID-19. Stepping up its efforts to offer more relief, the organization delivered thousands of PPE (personal protective equipment) to New York, which affected the pan...

Coinbase Launches Toolkit Rosetta to Simplify Blockchain Use and Interaction

June 19, 2020
358
Coinbase has declared the launch of Rosetta, an open-source toolkit intended to simplify blockchain deployment and interaction. The San Francisco based crypto exchange rolled out the open-source technical framework yesterday. It is endeavored at simplifying a token combination for developers by offering a ...

India Factoring goes live on MonetaGo’s blockchain-based solution to prevent invoice fraud

June 17, 2020
393
Mumbai-based India Factoring and Finance Solutions, a non-bank finance factoring companies in India, has gone live with MonetaGo’s blockchain-based invoice fraud prevention solution. Headquartered in New York, MonetaGo’s solution allows India Factoring and Finance Solutions to stop the duplication of invoi...

Can Decentralized Technologies Promote Privacy Protection During COVID-19

June 17, 2020
295
The lines of data protection have been obscured thanks to the ongoing pandemic. Governments are concerned about checking the spread of the virus, preventing deaths, and keeping citizens safe. To do this, a lot of actions have been put in place, from tracking users’ phones to getting the data of citiz...

British standards body launches factory audit blockchain for U.S. importers

June 16, 2020
596
The U.K.’s national standards body, British Standards Institution (BSI), operates with blockchain firm TraceLabs to confirm the authenticity of personal credentials and company and product certifications. “This strategic partnership aims to provide our clients with the ability to demonstrate the authentici...

Tesla Uses Blockchain Technology To Speed Up China Import Process

June 16, 2020
446
Tesla is utilizing blockchain technology to expedite the import process in China. In April, CargoSmart, a blockchain-based logistics provider, shared the news that Tesla, the Shanghai International Port Group, and the Chinese cargo ship operator COSCO had trialed a blockchain app to shorten the cargo relea...

Blockchain Interoperability Protocol Cosmos and Polkadot Ranked Near the Top in Developer Activity: Report

June 15, 2020
359
Theo Turner, a blockchain and AI developer at Outlier Ventures, a VC and private equity firm that advises, funds, and supports the advancement of technologies for an “open data economy,” currently published an analysis comprising major blockchain projects. The complete research methodology, data sources ut...

Blockchain to Track COVID-19 Medical Platforms

June 15, 2020
342
Blockchain is anticipated to become more common as more industries view to this technology to resolve weaknesses in their recent processes. It is becoming a way to improve accountability and transparency throughout supply chains, insurance, health care, contract management, and the financial industry. Bloc...

New York Times Trials Blockchain System to Combat Misleading Pictures

June 13, 2020
405
The New York Times publication has revealed the successful completion of a trial for a new blockchain-based system to detect misinformation. According to a June 12 blog post, the publisher created a prototype to give reliable metadata on several pictures found online. Often, pictures taken in a different l...

Vanguard Advances Blockchain Technology To Digitize Asset-Backed Securities Markets

June 13, 2020
393
US-based investment management firm Vanguard declared on Thursday another step towards applying blockchain technology to digitize asset-backed securities markets. Through an association with technology provider Symbiont and in close partnership with a large US ABS issuer and BNY Mellon, Citi, and State Str...

Russian Central Bank ‘on the Verge of’ Issuing Blockchain Mortgages

June 12, 2020
501
Notwithstanding its disdain for all things cryptocurrency-related, Russia’s Central Bank has lost none of its passion for blockchain – and seems to be doubling down on the technology with its fast-expanding plans to publish digital, blockchain-powered mortgages. The Central Bank, which has already issued i...

India Gives Green Light for Use of Blockchain-Based Bills of Lading

June 12, 2020
300
India is set to enable shipping bills of lading (B/Ls) to be filed over a blockchain platform, as part of the nation’s efforts to digitize its maritime supply chains. These efforts have become more important as the paper-based administrative processes that accompany the coronavirus pandemic has sever...

South Korea’s NH Bank Dives into the Blockchain Financial Services Sector

June 11, 2020
331
South Korea’s NH NongHyup bank, has revealed that it signed a memorandum of understanding to research and generate blockchain-based financial services by a new association. A report revealed this news on June 10, writing that the bank joined hands with a local law firm and a blockchain laboratory to build ...

Algorand and Blockstack join to adopt Clarity blockchain smart contract language

June 11, 2020
698
Today, two blockchain industry leaders, Algorand Inc., and Blockstack PBC declared an independent open-source project to help Clarity, the blockchain distributed ledger smart contract language. A smart contract is a programmable agreement that automates actions based on the conclusion of agreed-upon terms ...

South African Solar Energy Blockchain Startup Raises $3 Million

June 10, 2020
463
South African blockchain peer-to-peer renewable energy platform Sun Exchange received a $3 million investment from Arch Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement published on Monday. Sun Exchange enables international clients to purchase remo...

Apifiny Launches Blockchain-Based Payment Settlement Platform

June 10, 2020
377
Apifiny, a blockchain-based payments company, declared on Tuesday the launch of Roxe, a payment clearing and settlement network for both conventional and digital assets. With this blockchain-based network, the San Francisco-based company is to tap the cross-border payments transfer market with global bank ...

Japanese Housing Giant to Begin Blockchain-powered Home Rentals

June 9, 2020
331
Sekisui House, Japan’s biggest housebuilder, states it will launch a blockchain-powered home leasing platform for its Sher Maison range – and could enable renters to sign contracts and pay utility bills applying blockchain-based solutions straight from their smartphones. As per Cnet Japan, Sekisui House st...

Blockchain to Restore Job Applicants’ Control of their Credentials

June 9, 2020
338
 A report by the American Council of Education claims that blockchain-based tracking of credentials may assist solves labor market woes. As the world examines the benefits of blockchain technology in sectors over the spectrum, education appears to be next on the list. A report titled “CONNECTED IMPACT...

Blockchain Ranked Largest Fintech Sector in Hong Kong

June 8, 2020
346
Blockchain or DLT (distributed ledger technology) firms have been dominating Hong Kong’s startup sector. Last year, enterprise DLT and crypto-assets exchanges were rated the most popular sectors in Hong Kong’s Fintech industry. According to a report from the Financial Services and Treasury Bureau which unv...

How Blockchain Technology Can Help Fighting Against COVID-19

June 8, 2020
568
Many financial and human resources are being used in an attempt to fight the ongoing COVID-19 pandemic. Technologies are also being utilized in this fight: artificial intelligence for research, 5G to improve information transmission speed, and many others. Blockchain is not being left out of this debate, a...

Groupe Renault Is Pushing For Blockchain Technology With Multiple Projects

June 6, 2020
464
Blockchain technology is putting its foot in every domain- from healthcare to the automotive sector. Furthermore, Fortune 500 companies and leading organizations worldwide are working to implement the technology into their current structure.  After several automobile manufacturers, including Ford, BMW...

Marshall Islands Strives to Establish a “Self-Sovereign Identity” By New Blockchain-Based Currency

June 6, 2020
433
The Marshall Islands’ project says its production of a digital sovereign currency, called SOV, strives to be a “game-changer.” It could also pioneer how governments reply to crises like the COVID-19 pandemic. Joel Telpner, chairman of Sullivan’s Fintech and Blockchain Practice and Marshall Islands crypto a...

Startup to Launch Blockchain-Based Investment Platform for Music Royalties

June 5, 2020
390
Luxembourg-based startup ANote Music will launch a blockchain-based platform that enables its users to fund in music royalties on July 28. In a declaration on June 4, CEO and co-founder at ANote Music Marzio Schena said in a statement that the platform intends to “bridge the gap between the music industry ...

Kvarøy Arctic joins IBM Food Trust blockchain to track Norwegian farmed salmon.

June 5, 2020
471
Kvarøy Arctic, a major producer of Norwegian farmed salmon, will enter the IBM Food Trust blockchain network to improve the traceability of Arctic fish stock and enhance customer trust in its supply chain. Utilizing distributed ledger blockchain technology, Kvarøy, and IBM Corp. will allow corporate buyers...

China working on a blockchain platform for the steel industry

June 4, 2020
394
China’s main trade association for metals is building a consortium blockchain to cover the entire steel supply chain. Chen Leiming, Vice Chairman and Secretary-General of the China National Association of Metal Material Trade, outlined the development in an interview with Huoxun. China is the world’s large...

Blockchain Platform to Track $2.5B Worth of Tea Products

June 4, 2020
478
The Chinese province of Yunnan declared the official launch of a blockchain-based traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first declared in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan. They will utilize the plat...

Revolutionizing Waste Management with Blockchain Technology

June 3, 2020
440
Implementation of blockchain-based waste management can allow governments to trace and monitor waste right from its production to its disposal. The waste management process includes multiple steps like segregation, transportation, recycling, disposal, and analysis of waste data. Governments are not capable...

VALK offers Corda blockchain platform through BT Radianz

June 3, 2020
344
Technology provider VALK has entered the BT Radianz Cloud, one of the world’s biggest secure cloud communities for the global financial markets. The move enables VALK to elongate the availability of its Corda based distributed ledger technology network to Radianz community members, allowing them to access ...

Blockchain Technology to Rescue Small Publishers

June 2, 2020
415
As Australian book publishers grapple with global disruption, digital technologies, and economic uncertainty, QUT researchers see how blockchain technology can assist them survive and thrive. Directed by Associate Professor Mark Ryan from QUT’s Creative Industries Faculty, the team developed a world-...

Invictus Capital launches wallet to allow blockchain investment through credit cards

June 2, 2020
443
Invictus Capital, the alternative investment firm that grants dollar-denominated, blockchain-based investment funds, declares the launch of its secure Invictus Wallet. This new digital wallet enables individuals to invest in the Invictus blockchain platform seamlessly—even with fiat currency while providin...

Bank of Russia Aspires to Put Mortgage Issuance on Blockchain

June 1, 2020
441
Russia’s central bank is considering putting mortgage records on Masterchain – a government-backed distribute ledger project now in testing with leading banks. The State Duma, the Bank of Russia’s first deputy chief, Olga Skorobogatove, said in a statement that earlier launched test on a decentralized...

Blockchain traceability of seafood ‘risks being undermined by hype’

June 1, 2020
441
Blockchain has a part to perform in securing the seafood supply chain, although risks being undermined by “hyperinflated” claims perpetuated by the media, states a new report. The review by the United Nations’ Food and Agricultural Organisation (FAO) states that at the moment blockchain projects lead to be...

Blockchain ID Solution Intends to Tackle Spike in Delivery Fraud amidst Coronavirus Measures

May 30, 2020
604
Nuggets, a digital identity and payments platform, has developed a way to receive deliveries without requiring a physical signature to fight a spike in fraud and chargebacks during the COVID-19 pandemic. Utilizing biometrically authenticated contactless delivery technology secured with blockchain technolog...

South Korea’s ICON Releases Blockchain Interoperability Protocol

May 30, 2020
401
ICON (ICX), South Korea’s most significant public blockchain project, released its BTP (Blockchain Transmission Protocol) on May 28. The protocol allows interoperability between individual blockchains, promoting service invocation, value transfer, and data exchange. Connecting the chains As blockchain...

Minecraft Gains Blokchain Assets via Engin Plugin

May 29, 2020
1182
Over the last decade-plus, Minecraft has connected itself as arguably the world’s most popular game, with 126 million monthly users and more than 200 million sales to date. And now, thanks to Enjin, you can use tokenized blockchain assets within Minecraft. Enjin’s newly-launched, open-source EnjinCraft plu...

Proof of Impact launches blockchain-based platform for CSR

May 29, 2020
337
Proof of Impact has started a blockchain platform that insists will “revolutionize the way people invest and experience impact.” The new platform will verify, track, and transact impact at the unit-level for individuals as well as businesses and other entities. “We believe the world is demanding an impact-...

Power Transition crowdfunds ‘not blockchain’ peer-to-peer energy technology

May 28, 2020
491
A software firm is bidding to develop local energy markets utilizing distributed ledger technology that it claims is a series of magnitude faster than blockchain. Power Transition has already struck its Crowdcube target. Its platform, based on Hedera Hashgraph, a proof of stake public network, strives to a...

China, Korea, and Australia introduce blockchain and digital currency curricula to foster employment potential

May 28, 2020
435
Three significant powers are betting on the long-term potential of digital currencies, cryptocurrencies, and blockchain. In separate developments, schools and publishers in Korea, China, and Australia included blockchain and digital currency-related coursework for graduates and government officials, led by...

Definition of “virtual currency” and technology linked with it

May 27, 2020
412
At European level, the definition of “virtual currency”, broadly speaking, was recently introduced through Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 201. Which defines currency virtual: “a representation of digital value that is not issued or ensured by a c...

Bitcoin network elaborate to confirm the transactions and increase their security

May 27, 2020
252
With bitcoin we are faced with a new phenomenon, which is not part of the concept of electronic money. It is a fully decentralized digital currency, not established or controlled by any central bank and therefore not subject to any monetary policy, with a control on the transactions carried out by several ...

Blockchain accelerator LongHash reveals next cohort of 7 startups

May 27, 2020
398
Global blockchain accelerator LongHash Ventures has unveiled the seven startups selected to partake in the fourth cohort of its Hatch program. Presently in its second year, the 12-week program will concentrate on open finance, LongHash stated in a statement. It is programmed to commence working today and c...

Bank of Lithuania Envisions Future Cross-Industry Blockchain Platform

May 27, 2020
437
The Bank of Lithuania (BoL) has unveiled ambitious long-term plans to expand its blockchain platform for employment past the financial services sector. On May 26, the central bank’s blockchain-based sandbox, LBChain project, achieved its third and final stage.  In a wrap-up meeting this morning,...

FNZ Provides Blockchain Technology to South African Investment Industry

May 26, 2020
490
FinTech firm FNZ, the global platform-as-a-service provider, has declared that the firm has inked a deal with South African FinSwitch, a “transaction switch” linking participants in the investment industry to render a novel blockchain-enabled administration utility for the South African fund management ind...

Opportunities That Come Your Way While Choosing Blockchain As your Career

May 26, 2020
448
Blockchain is one of the fastest-growing technology in the market, and a great number of banking, insurance, and tech giants have been using various blockchain solutions. In 2019, blockchain professionals were at the top of the list of most in-demand jobs, as per LinkedIn.  Various financial instituti...

US Lawmaker Proposes Legislative Groundwork for National Blockchain Strategy

May 25, 2020
396
A U.S. lawmaker requires the federal government to start thinking about a national blockchain strategy. U.S. House Rep. Brett Guthrie (R-KY) proposed a bill designating on the Federal Trade Commission (FTC) to examine the prevalence of blockchain technologies over industry, government, and the globe. If pa...

China’s Congress Proposes Blockchain Development Fund

May 25, 2020
482
National People’s Congress, China’s parliament, and the Chinese People’s Political Consultative Conference, the most potent political advisory body in the country, have lately started their annual sessions. These are widely referred to as the “Two Sessions” or “lianghui&...

New York-based IBM Acquires 7% Stake in Blockchain based Trade Finance Solution

May 23, 2020
460
New York-based tech giant IBM has obtained a 7% stake in we.trade, a blockchain-enabled trade finance platform that’s controlled by 12 major banking institutions. Started by nine banks back in January 2017 under the name Digital Trade Chain, the platform was renamed as we.trade in October of that year...

Post covid-19 adoption of AI, IoT, Blockchain expected to stimulate in manufacturing sector

May 23, 2020
1749
As the lockdown lifts and factories are beginning to open, the manufacturing sector in India will face mounting pressure to decrease costs, boost efficiency in processes, decrease dependence on humans and become more resilient to future exigencies. This will push companies to scale up the adoption of smart...

France’s Central Bank Successfully Test Blockchain Based Digital Euro

May 22, 2020
452
The central bank of France has “fortunately” finished the first test of its blockchain-based digital currency. Declaring the news on Wednesday, the Banque de France stated it ran the experiment with investment banking giant Societe Generale, which published bonds as security tokens and then res...

Blockchain.com Supports Russian Ruble Despite Local Crypto Uncertainty

May 22, 2020
427
Blockchain.com, a significant cryptocurrency wallet, and blockchain data provider, intends to promote Russia’s national currency, the Ruble (RUB). Although some large exchanges like Binance have included the Russian Ruble, there is still no law authorizing the circulation of crypto in Russia. On May ...

Senate Subcommittee Weighs Use of Blockchain for Remote Voting

May 21, 2020
528
Currently, the staff of the US Senate’s Permanent Subcommittee on Investigations prepared a memorandum for subcommittee members in advance of its April 30, 2020 “Roundtable on Continuity of Senate Operations and Remote Voting in Times of Crisis.” The memo describes Senate proposals to enable senators to pa...

Brazilian Investment Bank Tokenizes Real Estate on Blockchain

May 21, 2020
454
Yesterday, BTG Pactual declared the issuance of its ReitBZ token utilizing the Tezos blockchain. ReitBZ is a security token supported by Brazilian real estate. Brazil-based BTG Pactual is Latin America’s largest independent investment bank and has total assets of $34.7 billion. Last year, the bank declared...

Axuall and University Hospitals Pilot Blockchain and Digital Credentials

May 20, 2020
456
Axuall, Inc. declared that it entered into a strategic association and business alliance with University Hospitals to improve and test new mechanisms and workflows to decrease the time it takes to use qualified clinical staff and meet expanding patient demand. Axuall is a national digital network that allo...

Why CBDC’s are Good News for Blockchain Adoption

May 20, 2020
504
Central banks are going into the crypto game; that is a good thing for crypto and blockchain adoption. Cryptocurrencies are quickly becoming part of the mainstream investment conversation. However, that does not mean that the growth of new crypto options is slowing down. Even with the bitcoin halving makin...

DTCC Further Experiments with Blockchain in Asset Tokenization

May 19, 2020
497
Depository Trust & Clearing Corporation (DTCC), the central equity clearing and settlement services provider, has launched two projects to offer a new framework for asset digitalization and tokenization. Named ‘Ion’ and ‘Whitney,’ the new initiatives intend to enhance post-trade settlement in the publi...

Lamborghini Releases Blockchain Collectible of Huracan Sports Car

May 19, 2020
414
Last week, Italian sports car manufacturer Lamborghini declared a blockchain digital stamp of its lately launched Huracán EVO RWD Spyder. Lamborghini launched the car collectible in collaboration with the Italian BITSTAMPS app. Volkswagen owned Lamborghini has a restricted variety of luxury car models, eac...

Seminal Blockchain Toolkit to Lead Supply Chain Recovery through Coronavirus Pandemic

May 18, 2020
423
In association with the Centre for the Fourth Industrial Revolution UAE and the Dubai Future Foundation, DFF, the World Economic Forum has issued a complete blockchain toolkit to provide businesses and organizations new, industry-tested solutions to the critical issues limiting global supply chains, which ...

Banks Will Need Blockchain Technology and Cloud Post COVID-19

May 18, 2020
457
With COVID-19 bothering the world, banks everywhere are in for an extended period of pain. Both interest margins and fee income are below pressure. NPAs are emerging as the corporate sector struggles for durability; along with small businesses, the requirement for trade finance is desiccating. The wealthy ...

Kenya Ride-Hailing App Taps Blockchain to Provide Trusted Drivers

May 16, 2020
456
The age of ride-hailing apps has seen companies such as Uber and Lyft become global giants, upending the pre-existing business models. In Nairobi, one startup has identified a difficulty unique to Kenya, and many other developing nations—the problem in finding a driver commuter can trust and is utilizing b...

Blockchain Platform Ontology Teams up with Spherity to Advance Digital Identity Solutions

May 16, 2020
440
Ontology (ONT), a “high-performance” public blockchain network that intends to offer a “distributed trust” platform, declared on Friday that it had combined forces with German decentralized digital identity specialist Spherity to promote digital identity solutions. The platform stated that the collabo...

Grant Thornton Introduces Blockchain Platform for Managing Intercompany Transactions

May 15, 2020
416
Grant Thornton has issued inter.x, a blockchain platform for handling intercompany transactions. The firm has executed the new platform in-house. Still, it is also accessible to clients to manage dealings between financial entities of a business, which account for 30-40% of the global economy. Inter.x surr...

China’s Central Bank Promotes Accelerated Blockchain Integration

May 15, 2020
525
The deputy governor of the People Bank of China (PBoC) has called on the country to stimulate its blockchain adoption strategy. In a current meeting, Fan Yifei recognized the impact that blockchain and other emerging financial technologies have and requested for their speedy deployment. Yifei was chatting ...

Blockchain Technology Eyed for Palm Oil

May 14, 2020
484
The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of utilizing blockchain to promote palm oil trade. A blockchain system would skip out the agent between palm planters and palm oil mills, in theory providing planters to trade the commodity at highe...

FAO Explores Blockchain Applications in Seafood

May 14, 2020
370
Innovation by information and communication technologies is a crucial enabler in modifying food systems. It holds great potential to accomplish the Sustainable Development Goals, according to the Food and Agricultural Organization of the United Nations (FAO). Current developments, like mobile technologies,...

U.S. Department of Defense Funding Blockchain-Grade Security

May 13, 2020
494
The U.S. federal government has ordered another blockchain solution, this time to secure sensitive Department of Defense R&D data. The Department of Defense declared today the awarded a $200,000 contract to SIMBA Chain. The company intends to create a proof-of-concept blockchain-based system to enhance...

Metal Pay’s New Blockchain Enables Bank and Payment Platform Integration

May 13, 2020
386
Proton, a new delegated proof-of-stake blockchain from crypto payment solution Metal Pay, provides digital assets and fund transfers over various channels.  “It’s a Blockchain that’s integrated into your bank,” Metal Pay CEO Marshall Hayner said in a statement. “It’...

Addenda Leverages Blockchain Technology for Insurance Companies in the Middle East

May 12, 2020
360
Abu Dhabi-based Addenda is leveraging blockchain technology to combine insurance companies (motor insurance industry) in the Middle East to a trust-based network operating on local Azure datacenters. The SaaS platform issued via Microsoft Azure Marketplace is transforming the way insurers transact and comm...

Korean Retail Clients to Manage Reward Points on Blockchain

May 12, 2020
330
Blockchain rewards platform MiL.k has coupled up with Seoul-based luxury-retail-space chain Shinsegae Duty-Free to offer loyalty points compatibility and management.  The new association provides Shinsegae consumers to connect their existing rewards accounts to the MiL.k mobile application. Adoption f...

Pave the Way for Web 3.0 Crypto Social Network Centyfy

May 11, 2020
408
Centyfy is a Web 3.0 crypto social network exclusively monetized on the Stellar blockchain-based stable value CENTY crypto token. 1 CENTY = .01 U$D. How is Centyfy different? Centyfy returns 75% of revenues to users, who can monetize their liking, sharing, viewing of ads or promotions, and receive CENTY PE...

KFC Middle East Commences Blockchain Media Buying

May 11, 2020
446
KFC has become the first across the QSR (quick-service restaurant) in the region to achieve an innovative blockchain platform for its digital advertising and media buying. The platform’s decentralized, shared ledger approach will enable KFC with more abundant and more efficient digital ad transparency to b...

Blockchain Technology Accomplishes New Grounds in Unlisted Stock Trade

May 11, 2020
331
Unlisted stock trading services utilizing blockchain technology are in full motion. Based on the government’s pilot project and a financial regulation sandbox, the financial sector, including KOSCOM and blockchain companies, is launching services one after another. Many experts state that blockchain,...

Blockchain Jobs are the Highest Paying Tech Roles in UK

May 9, 2020
403
Digital lender, Capital on Tap, released figures that reveal Blockchain-related jobs offer the highest-paying salaries among all disruptive technology businesses in the UK. According to the UK-based firm, Blockchain has an average annual salary of GBP 75,000 (around $93041 USD). They also showed that the i...