#Blockchain News

What’s Next for Central Bank Digital Currencies?

May 15, 2020 by Aisshwarya Tiwari at Blockchain

Central bank digital currencies (CBDC) have been the talk of the town ever since the idea of a government-controlled blockchain came into prominence. The democratic ideas that blockchain technology is supposed to be a reminder for now run the risk of being compromised due to its rising popularity among government...

“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...

India Veg Food Fruit Red Green Yellow White

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...

Hand Shake Between Green Block nd Blue Block People

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...

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