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“If you Can’t Fight it, Adopt it,” Visa Wins Patent for Digital Currency Protocol

May 15, 2020 by Aisshwarya Tiwari at Blockchain

International payments processor Visa won a patent describing a digital currency protocol on May 14. The system works on a private blockchain and uses native tokens to facilitate transactions. Good for Crypto? As Forbes reported, the Visa blockchain would feature native “digital dollars” and other central bank-issued fiat currencies. The...

Accounting Giant Grant Thornton Bets on Its Enterprise-Geared Blockchain Platform

May 15, 2020 by Aisshwarya Tiwari at Blockchain

Accounting giant Grant Thornton has released a blockchain-powered platform called inter.x for managing intercompany transactions. This, according to a report by accounting TODAY, May 14, 2020. Blockchain Tool to Manage Intercompany Transactions In a bid to leverage the benefits of distributed ledger technology (DLT) for the benefit of corporate transactions,...

Blockchain Technology Makes Sports Betting Fair and Safe

May 15, 2020 by Aisshwarya Tiwari at Blockchain

Betting pools and houses have long been both a point of attraction to many people and a principal foe to a nearly equal number of legislators. For instance, here are some of the best crypto betting sites today that are enjoying increasing popularity among users. On the one hand, it...

China National Blockchain Network Goes Live April 2020

People’s Bank of China Pledges to “Accelerate” Blockchain Development, Boost Local Industry

May 14, 2020 by Aisshwarya Tiwari at Blockchain

The Financial Technology Committee of the People’s Bank of China, the country’s national bank, held a meeting this week exploring blockchain technology and making decisions for its regulation within the country. China’s Blockchain Push Reported by local publication Sina News on May 13, the committee was headed by the bank’s...

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Blockchain Company and Indian Government Partner to Improve Farmers’ Visibility

May 13, 2020 by Anthonia Isichei at Blockchain

Agri10x, an agricultural blockchain-based startup, has inked a partnership deal with the Indian government to help local farmers gain seamless interaction with the global market through the use of blockchain technology. Agri10x Offers Blockchain Support for Farmers The news of the partnership was reported by Business Standard on Tuesday, May...

U.S. Department of Defense to Use Blockchain-Enabled Platform to Safeguard Confidential R&D Data

May 12, 2020 by Aisshwarya Tiwari at Blockchain

According to a press release issued on May 12, 2020, cloud-based smart contract as a service (ScaaS) platform SIMBA Chain has been awarded a contract by the U.S. Department of Defense (DOD) to develop a single, blockchain-powered proof-of-concept to secure sensitive R&D data. SIMBA Chain to Provide Secure Cloud-Based Data...

PwC Report: China the World Blockchain Leader in "Three to Five Years"

Chinese Telecom Giant to Integrate Blockchain Technology Into 5G Systems

May 11, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

China Telecom, a leading Chinese telecommunications company, has revealed that blockchain technology will be massively integrated into its 5G systems as the revolutionary tech behind bitcoin (BTC) and altcoins. The firm says distributed ledger technology (DLT) would significantly enhance revenue sharing, billing, payments and more, in 5G systems, reports Securities...

South Korea: Unlisted Stock Trading Platform “Be My Unicorn” Taps Blockchain for Trading Efficiency

May 11, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

South Korean financial services startups including Koscom, are now leveraging the immutability property of distributed ledger technology (DLT) to curb forgery in the trading of unlisted stocks, while also boosting the efficiency of the platforms, reports BusinessKorea May 11, 2020. Blockchain Powering Unlisted Stock Trading In an effort to curb...

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Singapore: DBS Bank Embraces Contour Trade Finance Blockchain to Digitize Banking Operations

May 11, 2020 by Aisshwarya Tiwari at Blockchain

Singapore-based DBS bank has joined blockchain-powered trade finance network Contour for increased digitization of global trade processes including the creation, exchange, approval, and issuance of letters of credit (LCs). This, according to a report by The Business Times, May 11, 2020. DBS Bank Leverages R3’s Corda Blockchain Blockchain’s utility and...

HashCash Consultants to Tap Blockchain to Power Post COVID-19 Pharma Supply Chain

May 9, 2020 by Aisshwarya Tiwari at Blockchain

California-based blockchain project HashCash Consultants in mulling entering into partnerships with several pharma firms and medical good manufacturers to bring more transparency and efficiency to the global medical supply chain infrastructure. This, according to a report by Bezinga, May 9, 2020. HashCash to Streamline Medical Supply Chains Distributed ledger technology...

RIF Gateways: Making Smart Contracts Even Smarter

May 8, 2020 by Aisshwarya Tiwari at Blockchain

Blockchain, the technology that undergirds virtually all cryptocurrencies in existence today has been consistently touted as a game-changer for a swathe of industries the world over. The decentralized nature of public blockchain networks provides a ready foundation for tamper-proof smart contracts that can self-execute business transactions based on certain inputs...

India: Telangana to Sign MoUs for Implementing Blockchain Technology in Public Sectors

Matic (MATIC), aeternity and Harmony Offer Assistance to Indian DLT Startups

May 8, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Matic Network (MATIC), a blockchain scalability platform that claims to provide users with secure, scalable, and superfast transactions via its Proof of Stake (PoS) side chain technology, T-Block, aeternity, and Harmony, have joined forces with India’s Telangana Blockchain District T-Block Accelerator. The partnership is aimed at providing the necessary resources...

IBM, FDA, Blockchain Pilot Result Shows DLT’s Potential in Pharma Industry

May 5, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Tech giants, IBM, Merck, the Food and Drug Administration (FDA), and others who participated in the distributed ledger technology (DLT) pilot for the pharmaceutical industry have released the result of the project. The team says the pilot project has proved that blockchain technology can significantly reduce the time required for...

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