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 the Blockchain Help Curb Gun Violence?

July 13, 2020
133
It was declared that a move by Brazil’s President, Jair Bolsonaro, to shut down a project that intended to aid gun-tracking with the blockchain’s use has caused a sudden upheaval in the legal and political scene of the country. The battle which came up as a result of the President’s decis...

Blockchain Payments Network “Project Ubin” Completes Final Stage

July 13, 2020
117
The Monetary Authority of Singapore (MAS) declared this Monday, alongside Temasek, in a joint report that it has created a payments network based on blockchain for international settlements. In particular, the report notes the prosperous completion of the fifth and final phase of Project Ubin. The report o...

Shamba Records Taps Blockchain to Revolutionize Agriculture in Africa

July 11, 2020
209
Agriculture is the backbone of most African economies, employing 65% of the continent’s workforce. Notwithstanding this, the farmers still face numerous challenges, from market manipulation to lack of access to credit facilities. Shamba Records is utilizing blockchain technology and artificial intell...

C-BIA Consulting Adds Oracle, Ellucian and Blockchain Capabilities

July 11, 2020
168
A privately-held UK market leader in intelligent applications, BI, and advanced analytic solutions, C-BIA Consulting Ltd, is gratified to declare a partnership with Pansoft. This collaboration will extend its portfolio of technical capabilities and solutions to meet the emerging needs of clients better. Pa...

Indian Farmer’s Company Integrates Blockchain Technology

July 10, 2020
248
One of India’s largest farmers’ companies has combined blockchain technology in an attempt to introduce traceability and boost income. Sahyadri Farmers Producer Company will enable the customers to trace their produce from the farm to their dinner plate. The company has been digitizing its supply chain as ...

10 Evolving And Emerging Uses For Blockchain Technology

July 10, 2020
166
Many customers may have heard of blockchain technology, especially concerning cryptocurrency. Nevertheless, they may not be aware of their full potential and influence over industries. Here are ten emerging and evolving use cases for blockchain technology. 1. Statistic Transparency With all the streaming c...

Japan’s Daido Life trials blockchain-based digital currency

July 9, 2020
238
In July and August, insurance company Daido Life Insurance is operating a proof of concept (POC) for a Daido Life branded digital currency. The test includes 100 Daido Life employees who will hold the currency in a digital wallet, utilize the money to purchase items, and potentially receive coins based on ...

Tech Mahindra to Launch Blockchain Based Platform for Media & Entertainment

July 9, 2020
220
Tech Mahindra, a digital transformation provider, consulting and business reengineering services and solutions on Wednesday, declared the launch of a new digital platform, branded as ‘Blockchain-based Contracts and Rights Management System’ (bCRMS) for the global media and entertainment industr...

Daimler trials blockchain data exchange with Ocean Protocol

July 8, 2020
416
The blockchain and AI, organization Ocean Protocol, declared it completed a pilot project with Mercedes-Benz parent Daimler for decentralized data exchange.  Ocean Protocol is a decentralized data exchange protocol that allows enterprises to share data and monetize it.  Companies have storehouses...

CBSL Begins the Process of Developing a Blockchain Technology based KYC Proof of Concept

July 8, 2020
195
The Central Bank of Sri Lanka (CBSL) entered into agreements to commence the process of developing Blockchain Technology-Based Shared Know-Your-Customer (KYC) proofs of concept (POCs) on 7 July 2020. CBSL recognized the potential advantage of Sri Lanka’s financial services in 2018 and began an inter-indust...

Ant, Alibaba sign blockchain deal with COSCO Shipping

July 7, 2020
331
Today Ant Group and Alibaba Group inked a deal with COSCO Shipping to explore utilizing Ant Blockchain technology for the global shipping industry. COSCO is the third-largest container shipping company in the world and is also a member of GSBN (Global Shipping Business Network). Ant said the motivation is ...

Currency.com Receives Gibraltar Blockchain License

July 7, 2020
248
Gibraltar’s financial services watchdog has awarded Belarus-based tokenized securities exchange, Currency.com, its bespoke license for blockchain firms utilizing distributed ledger technology. The move comes months after Huobi and Coinfloor received Gibraltar’s first DLT License since the British overseas ...

PayPal To Be Available On Pundi X’s Blockchain-Based POS Devices

July 6, 2020
319
Singapore-based blockchain developer Pundi X has currently declared that its blockchain-based point-of-sale device, the XPOS, is now capable of supporting PayPal. Deployed in over 30+ countries worldwide from Japan to Brazil, the XPOS® has been offering scores of brick-and-mortar stores with an alternative...

Block.one opens blockchain-based Voice social network to limited public access

July 6, 2020
234
Blockchain startup Block.one opened its blockchain-powered social network Voice over the weekend to limited public access with a promise to reward users for quality content. Declared in 2019, Voice is pitched as a blockchain-based social media application designed with users of the platform in mind. Provid...

Inaugural Singapore Blockchain Living Lab Kicks Off

July 4, 2020
346
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
288
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
315
 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
216
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
326
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
307
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
367
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
273
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
376
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
299
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
337
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
373
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
408
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
393
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
383
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
484
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
470
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
324
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
240
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
275
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
158
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
159
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
381
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
403
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
430
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
399
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
264
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
319
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
348
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
394
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
434
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
344
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
637
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
525
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
386
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
369
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
451
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
421
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
546
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
384
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
370
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
734
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
490
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
409
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
355
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
363
 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
369
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
609
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
492
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
457
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
417
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
501
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
419
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
501
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
474
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
366
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
437
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
476
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
468
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
463
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
625
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
430
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
1204
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
355
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
511
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
463
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
452
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
272
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
424
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
461
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
507
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
472
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
419
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
515
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
480
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
1776
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
475
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
445
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
547
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
477
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
476
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
528
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
517
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
426
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
437
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
475
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 ...