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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: trade

Former Presidential Advisor Warns of Cryptocurrencies’ Potential For Sanction Skirting

Category: Altcoins, Bitcoin, Blockchain, Commentary, News, Regulation

Former Presidential Advisor Warns of Cryptocurrencies’ Potential For Sanction Skirting

Juan Zarate’s most prominent time in the limelight was during the presidential reign of George W. Bush. Serving as the former president’s Deputy Advisor and Deputy National Security Advisor for Combatting Terrorism, Zarate led the Treasury’s efforts to undermine the funding of terrorism by way of various financial embargoes and sanctions – efforts which were given elevated significance in the…

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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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UPS Joins Blockchain in Transport Alliance To Revolutionize Trillion Dollar Freight Industry

Category: Blockchain, Business, News

UPS Joins Blockchain in Transport Alliance To Revolutionize Trillion Dollar Freight Industry

UPS recently announced their participation in a forum called Blockchain in Transport Alliance, or BITA, which looks to develop blockchain technology tailored for the freight industry, as well as educate members of the forum about the blockchain and its implications for logistics. With Freight and Logistics accounting for $1.5 trillion in the United States alone, this number is only expected…

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Bitcoin for International Trade: Ukrainian Shipping Company is the Latest Adopter

Category: Bitcoin, Business, Finance, News

Bitcoin for International Trade: Ukrainian Shipping Company is the Latest Adopter

A Ukrainian shipping company based in Odessa, a port city, called Varamar Ltd. plans on exploring the advantages and disadvantages of accepting bitcoin transactions to enable frictionless global trade and investment, especially with those countries that have sanctions placed on them. Firstly, adopting bitcoin as a method of payment will help streamline the process of paperwork and reduce the costs…

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Furthering the Efficiency and Security of Trade Flows with the Blockchain

Category: Blockchain, Business, News

Furthering the Efficiency and Security of Trade Flows with the Blockchain

Since the entry of shipping containers in the 1950’s to transports goods passing different borders, international trade has not adopted any technological advances aiding the process shipments go through. Typically, there has been little change in the way goods are transferred from one location to the other. For example, the modes of transport used in this process such as sea…

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Port of Rotterdam Launches Blockchain Lab

Category: Blockchain, News

Port of Rotterdam Launches Blockchain Lab

The Municipality of Rotterdam and the Port of Rotterdam Authority in the Netherlands have launched BlockLab, announced on September 21. The blockchain research lab that will focus on demonstrating the potential of blockchain technology in industries outside of finance. BlockLab and its operations will be financed by the Dutch government and the regional development corporation InnovationQuarter. In the upcoming months,…

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Cryptocurrency Closure in China Marks Digitization of the Economy

Category: Bitcoin, Commentary, News

Cryptocurrency Closure in China Marks Digitization of the Economy

In a recent interview, associate professor at the Finance Academy of Social Sciences Institute of China, Zhou Ziheng, discussed China’s tough regulatory attitude, the digitization of the economy, and the two great forces of any economy; the public and the private. Cryptocurrency in Limbo Ziheng spoke with associates of Chinese press 8btc.com in regards to the recent market closure on…

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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 Technology Can Reshape Global Supply Chains

Category: Blockchain, Commentary, News, Tech

Blockchain Technology Can Reshape Global Supply Chains

Blockchain technology has been drawing the attention of logistics companies for some while now. With the complex and incredibly cumbersome procedures involved in arranging transportation from one point to another, the blockchain seems like a long-awaited deliverance to them. The problems faced by the logistics industry are very tangible; huge amounts of paperwork, insurance and legal issues, customs clearance, cargo…

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Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

Category: Blockchain, Business, Finance, News

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

India’s third largest private bank Kotak Mahindra announced on May 17 that it had enabled trade financing for one of its clients by applying blockchain technology to reduce the time it takes for the letter of credit (LC) to be completed from 20 to 30 days down to a few hours. The Mumbai-headquartered lender has collaborated with global consultancy firm…

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