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.

Can Blockchain Technology Transform eSports Successfully!

March 28, 2020
Blockchains are disrupting every industry, from mapping to finance. eSports are no distinct. The burgeoning eSports market is set to be unleashed by combination with the blockchain. In the preceding few decades, new technologies have modified gaming. Rather than visiting a store to rent or purchase new tit...

5 Projects That Prove Blockchain And Virtual Reality Combination Is A Success!

March 28, 2020
According to a recent market report, the VR industry will grow at an incredible annual rate of 35% in the following few years. As more and more people commence to purchase headsets, the industry will want to keep producing new content to keep them engaged. Furthermore, as companies and users provide more V...

How Does Blockchain Technology Enhance Globalization!

March 28, 2020
The birth of blockchain technology and its fast adoption have left several people amazed, with famous CEOs, entrepreneurs, investors, and financial experts usually chatting about how it will transform the way we go about our daily financial activities. One of the most significant aspects to contemplate in ...

Can Blockchain And Crypto Security Issues Be Finally Dealt In 2020!

March 28, 2020
The preceding few years has been a watershed time for security in crypto. Since the asset class has achieved popularity, more and more security violations have been emphasized and more institutions targeted. The burgeoning industry is enriched with opportunity, though also with risk. Couple incidents that ...

MAS Grants Limited License Exemption to Blockchain Platform Pundi X Labs!

March 27, 2020
Blockchain platform Pundi X Labs obtained an exemption from Singapore’s financial regulatory agency, the Monetary Authority of Singapore (MAS), which will allow Pundi X to work without a license in the country for six months.   Pundi X to Run Without License for Six Months Pundi X declared the ne...

UAE Embraces Blockchain Technology and Digital Identity to Fight Covid-19!

March 27, 2020
In light of the continuous coronavirus pandemic, the UAE’s MCOD (Ministry of Community Development) has shifted to utilizing digital channels for government services. The department stated it depends on the application of digital identity by citizens, blockchain systems, and chat systems to fulfill request...

UN Praises Ant Financials and M-Pesa for Fighting Against COVID19!

March 27, 2020
Last week, the United Nations, in a monthly newsletter, listed Ant Financials’ blockchain as instrumental in helping fight the coronavirus pandemic. It also mentioned the digital&nbs...

Alibaba’s e-commerce Platform Kaola Embraces Blockchain for Traceability of Products!

March 27, 2020
 Last week, Alibaba declared that its cross-border e-commerce unit Kaola updated its product traceability system to embrace blockchain, reported Beijing News. The shopping platform is utilizing Ant Financial’s blockchain technology to register customs clearance, logistics details, and product registra...

China’s Food Market Embraces Blockchain to Track and Trace Products!

March 26, 2020
A regional supervisor of one of China’s food markets has declared a farm product traceability platform based on blockchain, big data, AI, and cloud computing told RFID World. The platform utilized by the Guangzhou Municipality’s Market Supervision Bureau intends to control the movement of food products and...

Leveraging Blockchain Technology for Creative Industry to Confine Duplications and Manipulations!

March 26, 2020
The developing creative industry can leverage blockchain technology to give more efficient contracting, transparent transactions, decreased overheads, and more limited reliance on mediators. The budding blockchain-based creative economy has opportunities to harmonize the old industry occupants and new tech...

IOST Project Unveils New Staking System To Leverage Blockchain Technology!

March 26, 2020
According to a blog post on March 25, IOST, a leading DLT (distributed ledger technology) project that claims to be concentrated on unleashing the potential of blockchain by its ultra-fast, decentralized network, has declared the launch of its novel staking mechanism. IOST Reveals New Staking Model  F...

MPOC Associates with BloomBloc to Implement Blockchain in Palm’s Oil Industry!

March 26, 2020
The Malaysian Palm Oil Council (MPOC) has coupled up with BloomBloc to execute blockchain technology to the country’s palm oil industry strengthening its commitment to traceability and accountability. As per the agreement, the groups have designed a blockchain mobile app, and web interface explicitly made ...

As COVID-19 Progresses to a Global Pandemic, Which Currencies are Best?

March 26, 2020
–iTrust Capital queried more than 1,250 respondents to see– LOS ANGELES, March 25, 2020 – In the face of a global pandemic, would your choice of currency be gold? Bitcoin? U.S. Treasury Bonds? Or perhaps you would opt for cash only, in the family mattress? To determine the answers, iTrust Capit...

Five Ways Blockchain Technology Can Support Medical Supply Chain for COVID-19!

March 25, 2020
Blockchain can assist in unlocking the medical supply chain amid the COVID-19 pandemic. The coronavirus outbreak has put unusual tension on the global supply chain, especially on essential items such as surgical masks and ventilators, to name a few. Regrettably, there is no centralized procurement system t...

A Report Says Blockchain Employees Salary Drop By 37% in 2019 in China!

March 25, 2020
Notwithstanding the growing value of blockchain skills in the global job market, some countries such as China decreased salaries provided to blockchain employees in 2019, a new report states. According to the “2020 China Blockchain Professional Development Report,” the average salary contributed to blockch...

Blockchain Aids Coronavirus Verification at Workplaces and Communities!

March 25, 2020
The Coronavirus outbreak produced panic globally, with new cases reported every day. The US was the new hotspot for the virus, as approximately 4000 new cases were found yesterday. Blockchain technology has worked as the extraordinary hero during these challenging times as the Public Health Blockchain Cons...

China’s Blockchain Service Network to Launch Next Month Amidst Coronavirus Outbreak!

March 24, 2020
Blockchain-based Service Network (BSN), the distributed ledger technology (DLT) platform being produced by the Chinese government in association with tech firms and financial institutions, will undoubtedly be launched by next month. The blockchain network is created to make it simpler for users to deploy t...

Blockchain Technology Finds Optimistic Ray Of Hope in Africa!

March 24, 2020
Africa blockchain movement is not novel to the cryptocurrency space, and the continent has some desire eyes that appear to be the light-bringers for the Africa blockchain market. The current Blockchain Africa conference was positive for Africa as it represented a prospect for the continent to become the le...

Japan’s Sake and Fruits Producers to Embrace Blockchain Technology to Promote Supply Chain Transparency!

March 24, 2020
According to a report by Nikkei Asia Review on March 21, 2020, global accountancy giant, EY’s Japan offshoot – EY Japan – is set to launch a blockchain technology-based traceability platform for Japanese Sake and fruits. Tapping Blockchain to Ensure Sake Legitimacy To bring more transparency to the supply ...

MHEX Originates Proof of Mortgage Blockchain-Based Asset Trading Platform!

March 23, 2020
While the specialization of the platform team has become a general trend, the vast digital currency exchanges have comprehended most of their resources. Nevertheless, geeks understand that we are yet in the early stage of blockchain development. With great ideas and timing for different playings, the emerg...

Blockchain Technology to Offer Solutions to Cybersecurity Threats!

March 23, 2020
Cybersecurity is one of the major concerns of the modern world in which companies are observing newer warnings with each passing day. Although the future of cybersecurity will forever be inconstant, yet it is crucial to fix the assessment of potential vulnerabilities and possible security innovation to kee...

Bangladesh Defies Covid-19 Fears To Examine Blockchain Talents Online

March 21, 2020
With Coronavirus (COVID-19) disrupting significant parts of the world and obstructing several activities, Bangladesh has flagged-off a two-day online blockchain workshop for its teens, to assist in preparing them for the forthcoming Blockchain Olympiad Bangladesh (BCOLBD) competition.  As published on...

How Blockchain Can Transform Business Communication Networks?

March 21, 2020
To thrive amidst your opponents in this digital age, you have to work on having an active communication network, and blockchain technology is transforming how businesses operate due to its spectrum of advantages. Industries, including finance, manufacturing, healthcare, education, and telecommunications, h...

Blockchain Firm Ripple Partners with Thailand Based Company DeeMoney

March 21, 2020
Thailand-based fintech company DeeMoney has currently collaborated with RippleNet to process its global money transfers. Now RippleNet has been combined with the company’s systems to make inbound payments easier and faster. First non-banking associate for Ripple On Wednesday, DeeMoney declared that it had ...

EAK Digital Launches New Turkey Office For Blockchain Projects

March 21, 2020
Turkey is quickly becoming the place to go for blockchain and cryptocurrency businesses. In the past 12 months, massive exchanges like Binance and OKEx have set up offices in the country, while Turkish entrepreneurs proceed to develop innovative projects utilizing blockchain. Statistics in current surveys ...

How Can Blockchain Counter USA’s Anti-Message Encryption Bill?

March 20, 2020
The Electronic Frontier Foundation (EFF) is endeavoring to warn the public to a bill that attempts to end the encryption of online messages and prevent it from being enacted by the United States Congress. The so-called EARN IT bill aims that digital messages should first pass via government-approved scanni...

Blockchain and Economy Integration Relation Is Becoming More Reliable

March 20, 2020
The commencement of 2020 has seen some significant initiatives and positive outlooks towards Blockchain Technology. The experts across the world now realize the significance of Blockchain-based networks and platforms.  It is a transformation in terms of reliability and security. It all commenced with Bitco...

Blockchain To Shield Australian Farmers Against Bad Climate

March 20, 2020
Australian farmers are all accustomed to dry and erratic weather conditions influencing day-to-day business. Reports over the last 20 years illustrate that these conditions will only worsen — with an enhanced climate expected to have​ ​decreased annual profits ​by 22%. The recent bushfire season has had a ...

PHBC to Track Individuals Not Affected By High-Risk Viruses

March 20, 2020
The Netherlands-based PHBC (Public Health Blockchain Consortium) has declared the release of a blockchain-based system created to track the movement of individuals not affected by high-risk viruses. The purpose of the development is to support healthy people to avoid potentially life-threatening diseases. ...

SITA and ULD CARE Plan to Use Blockchain to Track and Record ULD Route

March 19, 2020
SITA and trade association ULD Care hopes to bring increased efficiency to the air cargo industry by investigating the application of blockchain to digitally track and record the change of custody of airline cargo containers or ULDs (Unit Load Devices) over their journey. By eradicating inefficiency, insta...

PayPal’s Financial Crime Division Is Hunting for a Blockchain Expert

March 19, 2020
Payment giant PayPal is pursuing a blockchain expert to assist in recognizing use cases for the technology in the restriction of financial crimes. According to a job opening issued late last month, the firm desires to appoint a director of AML (anti-money laundering) and blockchain strategy. The new staffe...

Blockchain to Revolutionize the Online Gambling Industry

March 19, 2020
It is often stated that blockchain technology and cryptocurrencies have the potential to transform most industries across the globe. One such sector, in particular, that is recently undergoing a sea-change, is that of the online gambling space.  Blockchain technology has flagged the way for a safer, f...

Delchain to Provide its Expertise to Akon’s Crypto Project

March 19, 2020
Singer Akon’s crypto project, named Akoin, has joined Delchain, a blockchain financial infrastructure company. Jon Karas, the president and co-founder of Akoin, approved the report. According to her, Delchain will present its expertise to Akoin. “Bahamas-based digital asset management leader De...

South Korean Government To Grant $ 3.2 Million to Local Blockchain Startups

March 18, 2020
Two South Korean ministries have declared their support for the blockchain industry in the country with programs to allow up to $3.2 million in funding to local startups to promote the application of such technology. According to a March 16 report, the Ministry of Science and ICT (Information and Communica...

Toyota Declares Blockchain Lab For Improved Data Management

March 18, 2020
Automobile giant Toyota has unveiled that it has been in the process of establishing a blockchain lab since April 2019. Several Toyota Group companies will provide for data to flow over the company in a secure manner utilizing a distributed ledger.  Concentrate on Identity and Data Sharing Automobiles and ...

China Everbright Bank Utilizes Ant Blockchain For Supply Chain Finance

March 18, 2020
According to Shanghai Securities News, China Everbright Bank (CEB) declared that it had launched a supply chain finance blockchain. The project utilizes the Ant Blockchain Duo Chain solution for the supply chain. The “duo” points to the intersection between blockchain and supply chain. While CEB is not as ...

Georgia to Employ Blockchain for Storing Educational Credentials

March 17, 2020
Blockchain technology proceeds to get new use cases, not only in theory though in practice as well. According to a recent report, one such new use cases will include storing educational credentials through blockchain technology, and Georgia will be the first country to achieve it. As part of its new projec...

Chainlink Shares How Blockchain Technology Can Revolutionize Insurance Sector

March 17, 2020
Blockchain can make a prominent transformation in the insurance industry. Decentralized oracle service Chainlink bestowed how blockchain can change the way insurance is managed today. Based on its research study, the combination of smart contracts, distributed ledgers, and decentralized oracles provides an...

Rhode Island’s Representatives Introduces New Blockchain Bill

March 17, 2020
According to a Forbes report on March 15, 2020, Rhode Island’s Representatives, David Place and Black Filippi, have introduced a new bill intended at building regulatory clarity and making the state a haven for bitcoin (BTC) related businesses as well as blockchain innovators. Rhodes Island Set Sights on B...

Blockchain Technology to Play a Vital Role in Publishing Books

March 16, 2020
Several blockchain projects are now intending to adopt decentralization to support small publishers, and self-published authors contend with industry titans.  From launching blockchain-powered content distribution platforms to executing rights distribution on the network, blockchain in publishing coul...

Blockchain Technology is all set to transform the Supply Chain Industry

March 16, 2020
There are two terms discussed a lot in proximity to the supply chain recently: coronavirus and blockchain. One is placing a lot of pressure on the supply chain, while the other is set to transform it. First, it is becoming apparent that blockchain is converting into something of a “safe deposit box&#...

Blockchain Technology to Revolutionize Entertainment and Media Industry

March 16, 2020
As we proceed to view distributed ledger adoption and innovation spread across industries, entertainment and media industry, in particular, persists in achieving considerably from the traceability and transparency that blockchain provides. The media and entertainment industry is fundamentally relationship-...

Maxthon 6 Has Been Issued With Chromium Via Blockchain Technology

March 14, 2020
Maxthon 6 version has been issued with the Chromium, which is an open-source kernel supporting Blockchain. The first alpha version of the browser has been built and packaged after the seven-month long-closed development by the Maxthon US Company. Maxthon Web Browser has been predominant since its inception...

SAIC Proposes Blockchain Pilot with Goodyear Company to Guard Supply Chain Transactions

March 14, 2020
Yesterday, engineering and technology services provider SAIC (Science Applications International Corporation) declared plans for a blockchain pilot with The Goodyear Tire & Rubber Company to guard supply chain transactions. SAIC is a leading U.S. government services contractor based in Virginia. It is ...

Germany Employs Energy Web Blockhain to Collect Wind Energy in Batteries

March 14, 2020
Recently, the Energy Web Foundation (EWF) declared that German energy storage systems provider Sonnen Group is utilizing its Energy Web Chain and EW Origin software suite for a VPP (virtual power plant) in the country. A VPP is a network of distributed and decentralized power generating units like wind far...

Blockchain Technology Protects IPR, Traces Tires and Combats Covid-19

March 14, 2020
Customs and Border Protection trialed the feasibility of utilizing blockchain to defend IPR (intellectual property rights) information transmitted among multiple commercial companies. In a late February statement, CBP stated the proof of concept showed blockchain could encrypt sensitive data and trace it t...

VAKT Blockchain-Enabled Oil Trading Platform Embraces Blockchain Technology

March 13, 2020
According to a press release on March 11, 2020, VAKT, a DLT (distributed ledger technology) based commodity post-trade management platform, has embraced SGS, a leading inspection, testing, verification, and certification firm, into its ecosystem as the first inspection company on its platform. SGS Joins VA...

Blockchain Tracking of Cargo Containers to Save $ 400 Million Annually

March 13, 2020
SITA and trade association, ULD Care, wish to bring new efficiency to the air cargo industry by examining the application of blockchain to digitally trace and record the modification of custody of airline cargo containers or ULDs (Unit Load Devices) over their journey. According to SITA, by reducing ineffi...

The French Regulator AMF Suggests Sandbox for Blockchain Security Tokens

March 13, 2020
The French regulator AMF (Autorité des Marchés Financiers), has analyzed the legal barriers to using blockchain for security tokens. It recommends the production of a European digital lab or sandbox where national regulators can ease legal requirements. AMF’s legal analysis The AMF recognizes that security...

Hedera Hashgraph Blockchain Promotes Startups For Public Testnets

March 13, 2020
Hedera is pursuing its vision to develop a secure, trusted, and empowered digital future for all. Hedera Hashgraph recently tweeted about “their first blog in @cooper_kunz series on getting started with Hedera’s #JavaScript SDK and learn how to send your first transaction to the testnet.” The blog details ...

Cross-Chain for Stablecoins – Enhancing Crypto Efficiency & Flexibility Within Established Blockchain Ecosystems

March 12, 2020
Overview Stablecoins hold great potential for advancing blockchain and crypto applications, but first the issue of cross-chain interoperability needs to be overcome.  Stablecoins and Blockchain Interoperability Stablecoins are cryptocurrencies that are designed to provide cryptocurrency holders a safe...

Chinese President Xi Jinping States Blockchain Supports Social Governance

March 12, 2020
The president of China has emphasized the value of blockchain technology, stating that it could be utilized to promote social governance. According to a report from the Xuexi Qiangguo app, Xi Jinping noted that the battle against the coronavirus highlighted the need for a helpful governance model, which bl...

Japan’s Regulator FSA Launches Blockchain Governance Initiative Network

March 12, 2020
The Financial Services Agency (FSA), Japan’s premier regulator for securities, banking, and insurance, has declared the Blockchain Governance Initiative Network (BGIN) as a method of collecting stakeholders so they can expand their knowledge of the technology and execute it sustainably, as reported by Fine...

Standard Chartered Bank Unites With TradeLens Blockchain Platform

March 12, 2020
Yesterday, Standard Chartered bank declared it is joining the TradeLens blockchain container shipping platform. Collectively produced by Maersk and IBM, TradeLens intends to digitize the container shipping industry and facilitate transparency in supply chains. Recently, transport and trade of goods are exp...

South Carolina Senate Identifies Blockchain As a Crucial Technology!

March 12, 2020
The State Senate of South Carolina has announced a resolution identifying the potential of blockchain technology. A new drive for emerging technology in the state The bill is called “A Senate Resolution To Acknowledge The Importance Of Emerging Blockchain Technology And To Call Upon The Residents Of South ...

Beijing Municipal Tax Services Reveals Trial of Blockchain Invoicing In China

March 11, 2020
A current Beijing Municipal Tax Services statement unveils that blockchain invoicing in China is set to be trialed in the city of Beijing. The tool was first examined in China’s technology hub, Shenzhen. As per the announcement, the system will launch a city-based pilot for the blockchain invoicing platfor...

Bit Morgan Joins Blockchain and Combines ETF to Trading Business

March 11, 2020
Conventional financial firm consortium Bit Morgan has joined blockchain and attached an exchange-traded fund (ETF) to its trading business, as stated in a press release. In the old financial markets, ETF is as essential as an investment tool that’s famous among investors to accomplish asset appreciation. B...

Securitize and LiFULL to Transform Japan’s Real Estate Ecosystem with Blockchain

March 11, 2020
According to a blog post on March 10, Securitize, a project that pretends to be focused on promoting compliant trading of private securities on public blockchains and multiple exchanges has signed a deal with LIFULL, a Tokyo-based housing, and real estate information listing service, to build a funding pla...

The People’s Bank of China Gains $ 4.7 Million For Research and Development Of Blockchain Platform

March 11, 2020
The People’s Bank of China blockchain trade platform has received 32.35 million yuan ($4.7 million) to incorporate research in the next three years.  The $4.7 million received by China’s Central Bank, special funding is for significant research and development projects for its blockchain platform, acc...

ODEM Aids in Fighting Coronavirus by Providing its Blockchain Education and Credentialing for Free

March 9, 2020
ODEM shares the profound concern felt globally by the recent coronavirus outbreak and the lives it has claimed across the world. Everyone is equally concerned about the disruption of education for educators, learners, and all learning institutions. In acknowledgment of the latest development in nations whe...

Canadian Authorities Funds Blockchain Startup Mavennet for Steel Tracking Platform

March 9, 2020
The Canadian authorities have granted enterprise blockchain startup Mavennet an acquisition contract for the event of an on-chain steel-tracking platform. Innovation, Science, and Financial Development Canada (ISED), a authorities company with the charge to promote expertise innovation, issued a procuremen...

Dubai Rolls Out First Blockchain-Based Data Sharing Platform

March 9, 2020
Dubai International Financial Center (DIFC) is associating with Mashreq Bank to roll out the first blockchain-based data-sharing platform in the nation. The blockchain-based project will be identified as Know Your Customer (KYC). The concept of the platform is to assist corporations and businesses in openi...

Boeing Associates with Honeywell to Track and Trade $ 1 Billion Airplane Parts Via Blockchain

March 9, 2020
Boeing has collaborated with multinational aerospace conglomerate Honeywell to utilize its GoDirect platform to track and sell $1 billion equivalent of excess airplane parts applying blockchain technology. The collaboration was unveiled at the Hyperledger Global Forum 2020 in Arizona. Lisa Butters, the gen...

Vodafone Moves To Blockchain-Based Id Platform ‘Trust Your Supplier’ To Boost Its Supply Chain

March 7, 2020
Vodafone, the multinational telecom company, is traversing blockchain technology in an endeavor to boost its supply chain and verify its suppliers. If it blends blockchain with its internal processes, it will manage to improve its supply chain. Recognized as Trust Your Supplier, a digital identity platform...

Nike And Other Major U.S. Retailers Examine Blockchain For Supply Chain Data Collection

March 7, 2020
The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has issued a proof-of-concept whitepaper that attempts to illustrate the efficiency savings blockchain technology can unlock across the contemporary supply chain.  The proof-of-concept was created to encode, ingest, distri...

GrainChain Raised $8.2 Million In Funding Round Led By Medici Ventures Inc.

March 7, 2020
GrainChain, a Texan company concentrated on agricultural distributed ledger blockchain infrastructure, declared today it had raised $8.2 million in funding conducted by Medici Ventures Inc. Utilizing its innovative blockchain platform, GrainChain provides solutions to grocers, farmers, distributors, and ot...

Verizon Business Enhances Security Services With Blockchain Technology

March 7, 2020
Verizon Business has declared the inclusion of new security services, including two new administration and identity access systems utilizing blockchain-based technology.  According to the US technology firm on March 5th, these are VID (Verizon Identity) and Verizon Machine State Integrity, which are modele...

Hunan to Build its First Blockchain Zone Named Wanbao Blockchain Zone

March 6, 2020
The central Chinese province of Hunan has authorized the establishment of the Wanbao blockchain zone, according to a local news report.  According to China’s 2019 blockchain zone development evaluation report, Luodi heads at 17 among domestic blockchain zones. Luodi’s blockchain zone has already attra...

Trade Finance to Run Swiftly Despite Coronavirus with Blockchain

March 6, 2020
A blockchain trade finance platform produced by eight major banks, among them BNP Paribas, HSBC, and Citi are now ready for commercial launch in Singapore in Q2 2020. Called Contour, the launch accompanies a thriving trial of the platform, including approximately $30 million in LoC (letter-of-credit) trans...

Brazilian Ministry of Education Recommends Issuing Diploma Certificates On Blockchain

March 6, 2020
In an endeavor to battle against the falsification of university diplomas in Brazil, the MEC (Ministry of Education) has recommended developing a Blockchain-based platform to issue digital certifications amongst non-state universities.  MEC minister Abraham Weintraub has raised this possibility, which...

Blockchain Is Proving Helpful In Combatting COVID-19 or Coronavirus

March 6, 2020
Blockchain technology is a helpful tool for battling coronavirus. COVID-19, more commonly recognized as coronavirus, has become a global epidemic and has taken thousands of lives. Based on the information from the Centers for Disease Control and Prevention, the virus has affected 93,021 individuals and 3,2...

Limiting Fake News and Misleading Content Globally With the Help of Blockchain

March 5, 2020
Blockchain technology is rolling mountains as you understand these sentences, and Blockchain for news filtering is becoming the latest trend to put an object to unauthentic and fake news. Considering the past few years, fake news and misleading content have scattered around the internet like wildfire. The ...

Latest Report Verifies Blockchain’s Effectiveness in Retail Sector via Enhanced Data Sharing

March 5, 2020
The Auburn University RFID Lab, in association with GS1 US, finished a proof-of-concept that describes the effectiveness of blockchain and RIFD (Radio Frequency Identification) technologies to develop serialized data sharing in the retail industry. Participating companies involved, Herman Kay, Nike, PVH Co...

Puerto Rico Can Attain Blockhain Island Title With Its Unique Tax Incentives

March 5, 2020
Puerto Rico can regain the blockchain island title back since it has unique tax incentives for the locals, but there are also obstacles. According to Puerto Rican tax attorney Giovanni Mendez, Puerto Rico’s Act 60 gives 0% capital gains tax on crypto-assets. Michael Terpin, one of the first crypto in...

U.S. Customs And Border Protection Is Leveraging Blockchain To Defend American Businesses

March 5, 2020
U.S. Customs and Border Protection is trialing innovative blockchain solutions and specifications to improve the agency’s capability to protect American businesses from IPR (Intellectual Property Rights) theft. A currently concluded proof of concept reveals how blockchain technology can defend IPR on Ameri...

Blockchain App Tratok to Add 1 Million Users And 200000 New Rooms

March 4, 2020
Tratok will be finishing the roll-out of Phase 1 of its global hotel network, over the next 18 months. Months after accomplishing a market capitalization in the billions, the privately financed and homegrown Tratok has proceeded to expand. Since the launch of the Tratok application on Jan. 21, 2020, approx...

Uranium One Partners With Insolar to Improve Transparency in Uranium Markets Using Blockchain

March 4, 2020
Significant uranium producer Uranium One and DLT (distributed ledger technology) startup Insolar have associated with traversing blockchain’s abilities in energy trading and uranium. The collaboration will concentrate on the development of the production and distribution of uranium, as multi-party deals in...

Ecuador’s Dairy Producer El Ordeño Joins IBM Food Trust’s Pilot Program

March 4, 2020
As published in a press release, the Ecuadorian dairy producer El Ordeño has declared its alliance with a blockchain-based system as part of a pilot program named IBM Food Trust. According to the IBM News Room, the company aspires to utilize the blockchain to monitor its TRU dairy products, consolidating a...

China Executes Blockchain Invoicing In Beijing For Transparent Governance

March 4, 2020
On March 2, the tax bureau of Beijing has officially declared that it will commence executing blockchain invoicing within the city. Beijing hopes blockchain invoicing can deliver more transparency to taxpayers. Beijing intends to bring blockchain’s unprecedented transparency, immutability, and traceability...

West Virginia Dumps Blockchain-Based Voting App Voatz Due To Security Issues

March 3, 2020
Authorities in West Virginia have declared that the region may no longer practice the Voatz blockchain-based voting application due to security concerns indicated by researchers at the Department of Homeland Security (DHS), and the Massachusetts Institute of Technology (MIT), according to an NBC report on ...

KLM To Adopt Blockchain Platform For Inter-Company Payments Solution

March 3, 2020
Blockchain technology has proceeded to develop in influence across various industries and countries. The latest frontier for it to succeed, though, appears to be aviation. KLM Royal Dutch Airlines is the most advanced aviation firm to combine innovative technology into its platform, as the firm attempts to...

The Government Of Argentina Suspends Blockchain-Based Mechanism To Register Companies For 180 Days

March 3, 2020
The government of Argentina has declared that it is suspending the national blockchain-powered mechanism to register new companies for a period of 180 days. According to statements made by Ricardo Nissen to La Nación, who is the head of the General Inspectorate of Justice (IGJ), the measure attempts to reo...

How Would World Adopt Blockchain Technology in 2020

March 3, 2020
Notwithstanding all the hocus pocus and all the various opinions, the world matches on one thing; they need to welcome blockchain technology. High-level deals are being considered and concluded as you study these lines, and there is no holding the technological advancement, for the advents provide to the d...

Malta’s Financial Regulators Committed to Make Malta Blockchain Island!

March 2, 2020
Malta’s financial regulators explained last week that Binance, the world’s largest digital asset exchange by improved trading volume, is not permitted “to operate in the cryptocurrency sphere” within the island nation. The Malta Financial Services Authority (MFSA) has not yet published operational licenses...

DIFC and Mashreq Bank Launches New Blockchain-Based Data Sharing Platform

March 2, 2020
On March 1st, Dubai International Financial Centre (DIFC) and Mashreq bank declared the launch of their new blockchain data-sharing platform. This platform will enable licensed businesses and corporations to open digital bank accounts immediately by confirming their identities through an internal blockchai...

Can Blockchain Technology Power the Electricity Grid In The Future?

March 2, 2020
Earlier this month, under its “The Future of Everything” vertical, The Wall Street Journal described how AI is developing the power grid. The Journal states artificial intelligence is “the key to keeping the lights on.”  The article demonstrates how power companies are “turning to AI, drones, and sens...

KLM Utilizes Blockchain Technology for Internal Accounting System

March 2, 2020
KLM, the national airline of the Netherlands, has declared a blockchain project that adds to blockchain’s traction in the airline sector. The global airline KLM Royal Dutch Airlines is utilizing blockchain technology in intercompany settlements process with its subsidiaries. KLM, which is one of the ...

Cybersecurity Company Kaspersky Unveils Blockchain-Based Voting Machine Named Polys

February 28, 2020
Cybersecurity company, Kaspersky, has debuted a prototype of its latest Polys blockchain-based voting machine, starting up the possibility of a safe alternative to present election technology. Polys is a project from the Kaspersky Innovation Hub to produce a secure online voting platform that could be util...

Moody’s Investors Service Asserts KYC Blockchain Platform Is Credit Positive

February 28, 2020
Moody’s Investors Service, an American credit rating agency, has deemed a know-your-customer (KYC) blockchain platform credit emphatic for financial institutions in the United Arab Emirates. The new solution is being created for a consortium of six significant UAE banks in association with the blockc...

Institutionalization: Good Or Bad For Blockchain And Cryptocurrency Industry

February 28, 2020
When blockchain was built in 2009, the pioneers could never have assumed that the technology would massively draw big corporations and governments as it is now. After all, blockchain was formed to eliminate such centralized authorities from intervening or controlling transactional information. But what we ...

Blockchain Technology Partners Brings Smart Contracts To Amazon With Amazon QDLB

February 28, 2020
Edinburgh-based Blockchain Technology Partners (BTP) declared the availability of DAML combination with the Amazon Quantum Ledger Database (Amazon QLDB) that is commercially approved by BTP’s Sextant for DAML on its blog. Business Technology Partners is a leading enterprise blockchain. It brings blockchain...

The Reason Why China Is Investing In Blockchain Technology

February 27, 2020
China is one of the leading nations when we talk about crypto and blockchain technology, and the country has various purposes why it funds in these technologies. China President Xi Jinping has asked the people to take benefit of blockchain. While the officials at the Chinese Communist Party (CCP) understan...

Blockchain Technology to Improve Globalization via Its Features

February 27, 2020
Do you desire to get your products quicker, cheaper, and without the concern of counterfeits? Well, blockchain may be the solution. Globalization is the global interaction of businesses and consumers, governments, and companies. It’s the freedom of a firm to be universal, such as Apple inventing thei...

MediLedger Advises FDA To Embrace Blockchain For Tracking Drugs!

February 27, 2020
MediLedger, a blockchain-powered network for the pharmaceutical industry, has published a report saying that the U.S. Food and Drug Administration (FDA) could profit from blockchain adoption in the battle against counterfeit drugs. MediLegder Network Could Transform FDA Drug Tracking According to a report ...

WSFS Partner With Blockchain Firm Intain for Asset-Backed Security Services

February 27, 2020
WSFS Institutional Services, a unit of U.S.-based WSFS Bank, yesterday declared a partnership with Intain, a blockchain firm for automating capital market transactions. The deal is to build a tool for trustee recording of asset-backed security transactions on a DLT (distributed ledger technology) platform....

Korea’s Nonghyup Blockchain Bank to Verify Employee Identity via Blockchain

February 26, 2020
Korean blockchain bank and fifth-largest bank in the country, Nonghyup, have started utilizing blockchain technology to validate the identity of their staff.  Nonghyup has created a Distributed ID blockchain that is managed by an ID card system, which was designed by Nonghyup adjacent SK Telecom.  Mor...

DMCC Signs Agreement with Al Khaleej Sugar And Universa for Blockchain Platform

February 26, 2020
Dubai Multi Commodities Centre (DMCC) has inked an agreement with Al Khaleej Sugar and blockchain company Universa, which will examine its Tradeflow platform utilized as the basis for a new sugar trading platform in Dubai. The solution will allow traders to store, purchase, and trade the sugar from Al Khal...

The First Belgian Node of Europe’s Blockchain Services Infrastructure Goes Live

February 26, 2020
On February 12, the first Belgian node of the European Blockchain Services Infrastructure (EBSI) went live. EBSI aims to facilitate cross-border public services within the European Union (EU), with privacy and security. In 2018, EU member states formed the European Blockchain Partnership (EBP) to support a...

Central Banks Are Not Very Excited About Blockchain And Digital Currencies!

February 26, 2020
The central banks are not very excited about blockchain technology. Representatives from central banks across the globe assembled for a one-day conference last week in Kyiv, Ukraine, to address their central bank digital currency (CBDC) projects. The seminar was organized by the National Bank of Ukraine (N...

PSCU Tests CULedger’s Blockchain-Enabled Decentralized Identification Platform

February 25, 2020
PSCU, the credit union service organization (CUSO), declared on Monday that it is concluding up a POC (proof of concept) with CULedger and Baxter Credit Union (BCU) for a blockchain-enabled decentralized identification platform. CULedger’s MemberPass solution is a blockchain-based system that promotes fric...