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Tag: distributed ledger

Australian Government Allocates AU$700,000 to Develop Blockchain-powered Welfare Payments

Category: Blockchain, News, Tech

Australian Government Allocates AU$700,000 to Develop Blockchain-powered Welfare Payments

The Digital Transformation Agency (DTA), an Australian government division that facilitates government information and services online, will explore new ways in which blockchain technology can deliver government services, given the AU$700,000 ($525,710) allocated in the 2018-19 budget. To start with, DTA will spearhead its study with an aim to bring into play blockchain technology for distribution welfare payments. The government…

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IBM Trials Blockchain Powered Trade Finance Platform with International Banks

Category: Blockchain, Business, Commentary, Finance, News, Tech

IBM Trials Blockchain Powered Trade Finance Platform with International Banks

IBM announced that its blockchain technology-based trade finance platform, Batavia, has successfully passed its first set of live transactions on the network on April 19, 2018. The purpose of the platform is to be able to “track and trace key events in the supply chain” as well as use IoT devices to log details about the “location and condition of…

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Will Blockchain Be the Dawn of Automobiles 2.0?

Category: Blockchain, Business, News, Tech

Will Blockchain Be the Dawn of Automobiles 2.0?

Only a decade since its first application, blockchain technology is already being hailed as a revolutionary development. Even though it was only originally known for powering bitcoin and other cryptocurrencies, its influence has already reached the financial, trade and media sectors in full force. Now, it turns out, blockchain could also usher in a new era for the automotive industry….

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5 Key Areas Where Small Business Can Benefit From Blockchain Technology

Category: Bitcoin, Blockchain, Business, News

5 Key Areas Where Small Business Can Benefit From Blockchain Technology

The benefits of blockchain technology have been widely evangelized across all sectors, but many small business owners may be unaware as to what it can do for them. Further, many are still unaware as to how easy it is to implement the innovation into their business operations. Integrating Blockchain Technology into Your Business This development is particularly the case for…

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BMW Looks to the Blockchain to Prove Ethical Sourcing of Cobalt

Category: Blockchain, Business, News, Tech

BMW Looks to the Blockchain to Prove Ethical Sourcing of Cobalt

Just about two-thirds of the world’s supply of cobalt originate from the Democratic Republic of Congo wherein about one-fifth of this cobalt supply come from what are known as “artisanal mines,” or in other words unregulated mining operations. Within these mines, it is not uncommon to find children who have been forced to forgo education, play and other important aspects…

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African Startups to Leverage Blockchain Technology in Tackling Land Fraud

Category: Blockchain, News, Tech

African Startups to Leverage Blockchain Technology in Tackling Land Fraud

Many countries in Sub-Saharan Africa do not have functioning land registry systems. As a result, double-ownership and sundry forms of land dispute are a common occurrence in these countries. The inadequate land use framework also provides an avenue for collusion between powerful individuals/corporations and government agencies to acquire land illegally. According to the Food and Agriculture Organization (FAO) of the…

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CEO Reveals Bank of America Has Many Blockchain Patents

Category: Bitcoin, Blockchain, Commentary, News

CEO Reveals Bank of America Has Many Blockchain Patents

The vast majority of Wall Street-affiliated institutions have been larger promoters of the technology behind cryptocurrency: “Blockchain without bitcoin” is now the new mantra. Bank of America Remains Skeptical However, November 2017 changed a few minds as temptation rose dramatically on the back of Bitcoin’s massive growth. Other cryptocurrencies including Ripple, Litecoin, and Ethereum, were also incurring quick gains and…

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Skeptical Approach Being Taken By Veterans Affairs to Blockchain

Category: Blockchain, Commentary, News, Tech

Skeptical Approach Being Taken By Veterans Affairs to Blockchain

While there has been a lot of buzz surrounding blockchain technology in recent times when it comes to the mainstream media and the general public, it is something that has been around for some years. Strengthening Security Standards The government has already implemented different aspects of the technology in a variety of departments. For example, the Office for the National…

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Bitcoin’s Underlying Technology is Moving to the Dutch Public Service

Category: Blockchain, News, Tech

Bitcoin’s Underlying Technology is Moving to the Dutch Public Service

Speaking at a Blockchain Symposium in Singapore on November 16, 2017, Koen Lukas Hartog, the Program Manager of blockchainpilots.nl, described the ongoing efforts of the Dutch government to reconcile public infrastructures with blockchain technology. Round of Pilots Give Promising Results The first round of tests began in May 2016, with the relevant government organizations working alongside experts to assess the…

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Blockchain is No Longer a Proof of Concept

Category: Blockchain, Business, Commentary, Finance, News, Tech

Blockchain is No Longer a Proof of Concept

With blockchain projects and groups forming worldwide in the last few years, these projects have finally moved past being simple case studies, and have become viable products to disrupt their respective industries. Big Year Ahead 2018 is already ramping up to be a big year, with plenty of bullish predictions made in regards to Bitcoin regulation. The digital currency will…

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