#blockchain technology News

Bank of Japan Studying Digital Currencies, Says Governor

Bank of Japan to Conduct Proof of Concept for Its Digital Yen

July 3, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Bank of Japan (BOJ), the 138-year old Japanese central bank, has announced plans to carry out a technical feasibility study for its central bank digital currency (CBDC). The bank says it intends to carry out a proof of concept (PoC), while also collaborating with other central banks and relevant...

IOTA Collaborates with University of Oslo’s Department of Informatics to Accelerate Tangle Research

July 2, 2020 by Aisshwarya Tiwari at Altcoins

According to a recent announcement, IOTA (MIOTA), a German open-source distributed ledger technology (DLT) protocol focused on the Internet of Things (IoT) and the new data economy has collaborated with the Department of Informatics at the University of Oslo (UiO) to research Digital Trust and the Tangle. IOTA Joins Forces...

South Korean Authorities Tap Blockchain for Medical Data Storage

June 29, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The government of South Korea is partnering with Sendsquare, a blockchain startup in charge of the FLETA Blockchain, to develop a proof-of-concept project which aims to store the data of the nation’s 3.6 million diabetes patients on a tamper-proof distributed ledger, according to reports on June 29, 2020. Medical Data...

Signature Bank Reports 15% Transaction Volume Surge with Its Ethereum-Based Signet Blockchain Solution

June 25, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Signature Bank (SBNY: NASDAQ), a New York-based full-service commercial bank, announced that the private beta launch of Signet, its Ethereum-powered distributed ledger technology (DLT) payments solution enabled it to increase its transaction volume by 15 percent, reports Forbes on June 24, 2020. Seamless Payments with Blockchain Technology In a bid...

South Korean Banks to Utilize Blockchain for Digital ID

South Korea: Telecom Giants Launch Blockchain-Based Driving License Authentication Service

June 24, 2020 by Aisshwarya Tiwari at Blockchain

According to a report by Business Korea published on June 24, 2020, major South Korean telecom giants – SK Telecom, KT, and LG Uplus - launched a blockchain-enabled identity app dubbed ‘PASS’ that enables Koreans to store and authenticate their driving licenses on their smartphones. Authenticate Driving License via Blockchain...

Shipping Company Viking Line Obtains VeChain-Backed Safety Verification for COVID-19 Management

June 19, 2020 by Anthonia Isichei at Altcoins

Finland-based shipping company, Viking Line, recently became the world’s first shipping firm to receive verification from Vechain-backed international registrar and classification society DNV GL. Viking Line Makes History With DNV GL’s My Care Verification The shipping company announced the news of the verification in an official press release. According to...

A Louis Vuitton Bag With Blockchains on it

EVRYTHNG, Arianee Join Forces to Trace Luxury Goods with Blockchain

June 18, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

EVRYTHNG, a company that claims to foster supply chain transparency using Internet of things (IoT), is partnering with Arianee, a distributed ledger technology (DLT) project that’s focused on building perpetual relationships between brands and product owners, to track and prove the authenticity of luxury goods with blockchain technology, reports Ledger...

Thailand Government Issues Blockchain-Powered Savings Bonds

June 17, 2020 by Anthonia Isichei at Blockchain

The Public Debt Management Office (PDMO), under Thailand’s Ministry of Finance, will be utilizing Krung Thai Bank’s (KTB) blockchain platform to sell government bonds to the general public. Thailand to Sell Government Bonds via Blockchain According to a report by a local news outlet The Nation Thailand, on Tuesday (June...

Samsung-Backed Blocko Partners IsDB to Offer Sharia Compliant Blockchain Lending

June 17, 2020 by Anthonia Isichei at Blockchain

The Islamic Development Bank’s (IsDB) research division has collaborated with Blocko, a blockchain technology company, to build a blockchain-powered credit system. Sharia-compliant Blockchain Lending According to a report by Construction Business News on Tuesday (June 16, 2020) IsDB’s Islamic Research and Training Institute (IRTI) together with Blocko, is developing a...

India: Blockchain Technology to Digitize Paper-Based Bills of Lading in the COVID-19 Era

June 16, 2020 by Aisshwarya Tiwari at Blockchain

India’s Port Community System (PCS) recently integrated CargoX’s Platform for Blockchain Document Transfer (BDT) to digitize the marine industry’s trade documents including bills of lading. Modernizing the Maritime Industry with Blockchain Like many countries across the world, India was forced to undergo a harsh lockdown due to the COVID-19 pandemic....

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