#blockchain News

VeChain (VET) and Shanghai Gas Group Complete LNG Blockchain Project

March 31, 2020 by Aisshwarya Tiwari at Altcoins

According to March 30, 2020, report by Chinese media outlet Shine, the Shanghai Gas Group – with aid from VeChain (VET) - has successfully completed the first phase of a liquefied natural gas (LNG) blockchain project that aims to foster data sharing and intelligent cooperating in the energy industry. Shanghai...

China’s Central Bank Promotes Blockchain Utility

China’s Second-Largest Courier Service to Use Blockchain to Track Movement of Medicines

March 30, 2020 by Aisshwarya Tiwari at Blockchain

China’s second-largest courier services provider – SF Express – is contemplating the use of blockchain technology for the movement of critical supplies during the ongoing COVID-19 pandemic. This, according to a report by Global Times, March 30, 2020. Blockchain to Keep Track of Essential Medical Supplies In a bid to...

Japan: Hitachi Partners with ConsenSys for Blockchain Solution Development

March 30, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Hitachi Solutions Co. Ltd, a leading Japanese tech firm is joining forces with Joseph Lubin’s ConsenSys for the development, and sales of blockchain solutions powered by PegaSys Plus, a distributed ledger technology (DLT) platform from the stables of ConsenSys, according to a press release on March 30, 2020. ConsenSys Gains...

IBM Partners with Boehringer Ingelheim to Leverage Blockchain Technology For Clinical Testing

IBM Blockchain Arm to Power MiPasa COVID-19 Data Project

March 29, 2020 by Aisshwarya Tiwari at Blockchain

According to a Forbes report published on March 28, 2020, U.S.-based IT giant IBM is set to help data streaming service MiPasa Project via its Blockchain Platform. The MiPasa Project will utilize emerging technologies – including blockchain – for the public health analysis of COVID-19. IBM Blockchain to Help Fight...

KuCoin Launches Project Pinocchio with Multiple Blockchain Institutions to Fight against Dishonest Behaviors

March 28, 2020 by Aisshwarya Tiwari at Altcoins

On March 27, 2020, KuCoin, an IDG-backed exchange, announced the official launch of Project Pinocchio together with 21 top blockchain institutions around the world. The Project Pinocchio is a neutral and credible alert platform for less trustworthy projects in the cryptocurrency industry. Through the establishment of a crypto credit reporting...

Global Banking Giant HSBC Puts $10B Private Placement on R3 Corda Blockchain

March 27, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

HSBC, one of the largest financial services institutions in the world, has announced that it has stored $10 billion private placement records on the R3 Corda blockchain and the firm has made it clear that it plans to tokenize these private placements in the near future, according to reports on...

Coronavirus: UAE Government Replaces Manual Systems with Blockchain

March 27, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The United Arab Emirates' (UAE) Ministry of Community Development (MOCD) has replaced its existing manual systems with innovative technologies such as blockchain technology as part measures to contain the coronavirus pandemic, reports Ledger Insights on March 26, 2020. MOCD Making Active Use of DLT Having recorded 140 cases of the...

Malaysian Palm Oil Industry Employs Blockchain Technology for Traceability

March 26, 2020 by Anthonia Isichei at Blockchain

The Malaysian Palm Oil Council (MPOC) recently partnered with BloomBloc, a blockchain development platform to build a blockchain-based app that would track the palm oil supply chain. With the new DLT app, accountability, traceability, and transparency are certain in the palm oil supply chain. Blockchain Mobile App to Track Palm...

CFTC Crush Fraudulent Crypto-Powered Binary Options Scheme

New CFTC Guidance to Make Life Tough for U.S. Crypto Margin Platforms

March 26, 2020 by Ashwath Balakrishnan at Regulation

A new guidance document issued by the Commodity Futures Trading Commission (CFTC) could be detrimental to the growth of crypto derivatives platforms in the United States. Exchanges with futures and options that aren't CFTC regulated must mandatorily allow customers the option to take delivery of the underlying, per Bloomberg, March 26,...

EOS Worker Proposal Passes First Approval Stage with Votes from 34 BPs

March 25, 2020 by Anthonia Isichei at Altcoins

The EOS Worker Proposal System (WPS) introduced by the top block producer EOS Nation, has passed stage one of the implementation process. This first approval is the first of 4 planned multi-signature (MSIG) approvals. EOS WPS Scales First Approval Milestone In a tweet published on Tuesday (March 24, 2020), EOS...

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