#Blockchain News

Japan: Sake Producers to Use Blockchain to Foster Supply Chain Transparency

March 21, 2020 by Aisshwarya Tiwari at Blockchain

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

Crypto-Friendly Argentina Taps Blockchain Technology for Gas Distribution

March 20, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Enargas, Argentina’s gas regulator, has approved the nationwide deployment of Gasnet, a blockchain-based natural gas distribution system developed by IOV Labs, a Buenos Aires-based firm. The blockchain solution will automate the nation’s existing paper processes and monitor the processes of market participants in terms of quality and safety, reports Ledger...

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Wave Financial Looks to Tokenize $20M Worth of Kentucky Bourbon Whiskey

March 18, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Wave Financial Group, a regulated crypto-focused digital assets management firm, has joined forces with whiskey maker, Wilderness Trail Distillery, to tokenize $20 million worth of bourbon whiskey and make it available to accredited investors via a new fund called the Wave Kentucky Whiskey 2020 Digital Fund, reports Institutional Asset Manager...

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Alibaba’s Koala Haigou Taps Blockchain for Supply Chain and Logistics

March 18, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Koala, the cross-border e-commerce marketplace acquired by Alibaba Group in September 2019, has adopted Ant Financial’s blockchain solution, to foster transparency in its supply chain and eliminate goods mismatch, according to a Sina Finance report on March 17, 2020. Alibaba Taps DLT for Product Traceability In a bid to significantly reduce...

Toyota Announces Blockchain Lab for Enhanced Data Management

March 17, 2020 by Ashwath Balakrishnan at Blockchain

Automobile giant Toyota has revealed that it has been in the process of setting up a blockchain lab since April 2019. Various Toyota Group companies will allow for information to flow across the company in a secure manner using a distributed ledger. The company is now gearing up for external...

HIVE Blockchain Expanding Its Ethereum Mining Operations by 20 Percent

March 12, 2020 by Ogwu Osaemezu Emmanuel at Blockchain, Ethereum

Hive Blockchain (TSX.V:HIVE), a publicly listed cryptocurrency mining company has announced that it’s now in the process of expanding its GPU-based Ethereum mining farm in Sweden. The firm says the move will enable it to increase its Ethereum mining production by as much as 20 percent, according to a press...

Celo Alliance’s Efforts Supported by Libra Members

March 12, 2020 by Ashwath Balakrishnan at Blockchain

An effort to provide credit and facilitate payments for humanitarian aid has found the backing of large institutions such as a16z, Bison Trails, and Anchorage. Bloomberg reports that this may be a contingency plan if Libra goes awry, but the two initiatives don't have much in common, March 12, 2020. New Global...

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VAKT Blockchain-Based Oil Trading Platform Welcomes SGS

March 12, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

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

Blockchain Project, Should We Decentralize?

March 12, 2020 by Aisshwarya Tiwari at Blockchain

In recent days, the FCOIN crisis has received the most attention. Zhang Jian, the founder of Chinese crypto exchange Fcoin, revealed in a post On February 17. Zhang Jian's ‘Truth announcement’ seemed to put a bomb in the market. Before that, because the team lost contact for many days, the...

ABBC Fights Coronavirus, Leading Blockchain Into a Culture of Donation

March 12, 2020 by Aisshwarya Tiwari at Blockchain

ABBC Foundation, the company behind the development of ABBC Coin, is now spearheading initiatives to raise donations for the fight against the coronavirus outbreak. The foundation is known for always lending a hand to people in need through many charitable events. Now that the coronavirus is spreading at an alarming...

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