#blockchain technology News

Saudi Arabia and Bahrain Use Blockchain Technology to Finance International Trade

November 21, 2019 by Edoardo Vecchio at Blockchain

SABB and HSBC executed for the first time a blockchain-based trade transaction between Aluminium Bahrain B.S.C. (Alba) to Saudi Arabia’s Altaiseer Aluminium Corporation (TALCO). The news comes from an official post by SABB on November 20, 2019. Global Trade Faster, Safer, and Simpler The transaction executed by SABB and HSBC...

UK Energy Supplier Centrica to Trial Blockchain Technology

India: Major Electricity Firm Adopts Power Ledger (POW) DLT Solution

November 14, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

BSES, New Delhi’s major electricity distribution company has integrated Power Ledger’s (POW) distributed ledger technology (DLT) solution into its processes to allow residents to trade their excess solar energy in a frictionless way, reports Energyworld on November 14, 2019. P2P Energy Trading on the Blockchain In a bid to make...

Chi-X Kicks Against ASX’s Move to Replace CHESS with Blockchain

October 31, 2019 by Ogwu Osaemezu Emmanuel at News

The Australian Securities Exchange (ASX), the nation’s primary securities exchange, is putting preparations in top gear to integrate distributed ledger technology (DLT) into its operations and replace the existing Clearing House Electronic Subregister System (CHESS) with the revolutionary technology. However, Chi-X, ASX’s client and only competitor, has appealed to the...

Mastercard, Envisible, Topco Ally to Track Seafood with Blockchain

October 28, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

In a bid to allow consumers of seafood to know the entire origin of the food they consume, Mastercard, a leading global payments processor, is collaborating with Topco Associates, a major U.S-based food cooperative and Envisible, to launch a distributed ledger technology (DLT) based food traceability program. This according to...

Leading Chinese Tea Producer Adopts VeChain (VET) for Supply Chain Management

Indian Firm Taps Blockchain Technology for Tea Leaves Tracking

October 24, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Assam Company India Limited (ACIL), an Indian corporation engaged in tea plantation, has put up a plan to integrate new technologies such as blockchain, artificial intelligence (AI) and big data into its processes and reward tea farmers for their hard work. The idea is aimed at helping to maximize tea...

ILCoin Resolves Scalability, Security Issues Of Blockchain Data Storage

October 21, 2019 by Aisshwarya Tiwari at News

The dawn of blockchain has given way to a field of possible adaptations for the technology. One of the leading possibilities for the distributed ledger network is on-chain data storage. ILCoin Trumps the Scalability Hurdle Because of the decentralized nature of blockchain — having no centralized entity controlling access to...

ChainLink and Intel Drive Privacy Intensive Oracle Solutions

October 8, 2019 by Ashwath Balakrishnan at Altcoins

Blockchains have the ability to give corporations privacy and scalability in their transactional layers. However, public blockchains are currently sub-par in terms of privacy. ChainLink has devised an oracle to route transactional computation off-chain to its proprietary Trusted Computation Framework (TCF), October 7, 2019. Smart Contract Privacy on Public Ledgers...

NBA Outfit Sacramento Kings Launches DLT-Powered Token for Its Predictive Gaming App

October 8, 2019 by Aisshwarya Tiwari at Altcoins

In a press release issued on October 7, 2019, NBA team Sacramento Kings announced that it had launched the league’s first blockchain-powered digital token reward program in partnership with Blockparty. Sacramento Kings Going for the Blockchain Slam Dunk Sports, and in particular, the world of basketball, noticeably seems to have...

Blocko Partners With Company Backed By Emirates CEO for Enterprise Blockchain

October 3, 2019 by Ashwath Balakrishnan at Blockchain

Blocko, an enterprise blockchain deployer, has partnered with SEED Group to bring the Aergo platform to the United Arab Emirates (UAE), according to Arabian Business, October 2, 2019. SEED Group is promoted by Sheikh Ahmed bin Saeed, the CEO of Emirates and uncle of the Prime Minister for the UAE. ...

Former UBS Chief Says Blockchain Technology is Beneficial to the Financial Sector

September 27, 2019 by Anthonia Isichei at Blockchain

The former President of Swiss bank, UBS AG, Peter Wuffli, who now serves as the director of the cryptocurrency bank, Sygnum AG, recently shared his thoughts on the potentials of cryptocurrency and blockchain technology. In an interview with SwissInfo on September 26, 2019, the new Sygnum Director believes that blockchain...

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