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Blockchain Nation Miami • April 25-26, 2018

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Tag: commodities

Venezuela’s Cryptocurrency Fell Short of the Mark, but Who’s Next?

Category: Altcoins, Business, Commentary, News, Regulation, Tech

Venezuela’s Cryptocurrency Fell Short of the Mark, but Who’s Next?

NEM’s blockchain has a surprising new use case after Venezuela’s government announced it would be using it to build its very own oil-backed “petro” token. Promising Concept, Poor Execution Sitting on the most significant crude oil reserve in the world, Venezuela theoretically has ample supplies to back its 100 million PTR tokens with 100 million barrels of oil. The project…

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Bitcoin: The Savior During Global Trade Wars

Category: Altcoins, Bitcoin, Finance, News, Regulation

Bitcoin: The Savior During Global Trade Wars

Brian Kelly, founder, and CEO of BKCM LLC, a digital currency investment firm, counsels investors to safe bet their money on bitcoin in case of a trade war. There is a building fear of an impending trading clash after US President Donald Trump hinted that the US would impose 25 percent duty on steel and aluminum. Bitcoin is the New…

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$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

Category: Blockchain, Business, News, Tech

$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

In an industry notorious for its paperwork, the maritime transporters of half of the world’s crude oil supply are looking to the blockchain to revamp the shipping industry’s backend. Although utilizing a decentralized ledger would be a giant leap forward, it could result in significant job losses. Several dozen tankers set sail from global ports daily, generating transactions worth $2.7…

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Soybean Shipment to China the First Agricultural Commodity Blockchain Transaction

Category: Blockchain, Business, Finance, News

Soybean Shipment to China the First Agricultural Commodity Blockchain Transaction

A seemingly routine and insignificant soybean shipment from the USA to China has been made mildly famous as the first commodity deal facilitated by blockchain technology. Feted as “the first full agricultural commodity transaction using a blockchain platform” by the consortium of banks, brokers, and vendors involved, it affirms the original value of Bitcoin and cryptocurrency overall, before the market…

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Bext360 Unveils Blockchain Platform For The Coffee Supply Chain

Category: Blockchain, News, Tech

Bext360 Unveils Blockchain Platform For The Coffee Supply Chain

Colorado-based technology company Bext360 announced the creation of its first supply chain solution. The platform is called bextmachine and has been developed specifically for the global coffee supply chain. The announcement was made at the Massachusetts Institute of Technology (MIT) during a TechCrunch event focusing on robotics on July 17. The one-day event aimed to help innovators introduce their solutions…

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Blockchain Startup Everledger Partners with Singapore Diamond Exchange and Kynetix

Category: Blockchain, Business, News

Blockchain Startup Everledger Partners with Singapore Diamond Exchange and Kynetix

Everledger, the London-based startup that uses the blockchain to securely store data and provide provenance for high-value physical assets such as diamonds and artwork, has entered into a partnership with the Singapore Diamond Investment Exchange (SDiX) and physical commodity markets expert Kynetix. The Singapore Diamond Investment Exchange (SDiX) is the world’s first commodity exchange in physically settled diamonds. The exchange…

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Bext360 and Stellar Team Up to Pay Coffee Farmers Fairly using Blockchain Technology

Category: Blockchain, Finance, News, Tech

Bext360 and Stellar Team Up to Pay Coffee Farmers Fairly using Blockchain Technology

When people think of commodities, usually Coffee is not one of the first to come to mind. However, being the second most traded commodity following petroleum, over 125 million people rely on coffee beans as their primary source of income. Blockchain technology is offering these farmers a way to a fairer price for their goods and more efficient payments. With…

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