Category: Blockchain

  • Capital One Wants to Authenticate Users on a Blockchain

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    Blockchain adoption continues to rise in the banking sector, with the news that Capital One has applied for a patent to potentially develop a blockchain system that authenticates new users in a secure manner. Capital One is a bank holding company specializing in credit cards and bank loans, making security a primary concern. According to documents […]

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  • JD.com Rolls Out Blockchain Platform With Its First App

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    Chinese e-commerce giant JD.com has launched a blockchain-as-a-service platform alongside its first app – one that digitally tracks corporate invoices for one of the largest publicly traded insurers in China. According to a release on Friday, JD.com said the application moves invoice data for Pacific Insurance onto a distributed network at each step of the issuance cycle, automating […]

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  • US Senate to Examine Energy Efficiency of Blockchain

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    The U.S. Senate is set to take another look at blockchain technology next week. The Committee on Energy and Natural Resources will host a hearing on “Energy Efficiency of Blockchain and Similar Technologies” on August 21, in an effort to better understand how blockchain technology might impact electricity prices and what benefits it can provide, […]

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  • Another Top-5 Cryptocurrency Exchange Plots Move to Malta’s ‘Blockchain Island’

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    Another day passes by and although August is a traditionally slow month in the business and finance circles, Malta does not seem to be resting on its laurels at all. After several announcements regarding cryptocurrency exchanges and crypto banks, we now have the announcement coming that ZB.com, the world’s fith-largest cryptocurrency exchange by daily trading volume, […]

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  • South Korea Budgets a Trillion Won for Blockchain Tech in 2019

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    South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation program in […]

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  • Blockchain for Bureaucrats: China’s Communist Party Publishes DLT Primer

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    People’s Daily Publishing House, led by the Chinese Community party, has published a book on blockchain technology titled Blockchain – A Guide for Officials, which will cover all aspects of the new technology and serve as a guide for bureaucrats. The news was first reported by local media outlet People’s Network. The book provides details of distributed ledger technology‘s […]

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  • Bitt Inks Blockchain Deal With Another Caribbean Central Bank

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    Barbados-based blockchain startup Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten (CBCS) to look into issuing a central bank-backed digital currency for the two nations. Bitt, a portfolio company of Overstock’s Medici Ventures, said Monday that it has signed a memorandum of understanding (MOU) with the central bank for the Dutch Caribbean […]

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  • Blockchain Music Startup Raises $5.5 Million in Series A Funding

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    Audius, a decentralised, community-owned music sharing platform billed as the blockchain’s answer to Soundcloud has announced the successful completion of a $5.5 million Series A funding round as it launches the world’s first ever blockchain-based music sharing protocol. Made on August 8, 2018, the announcement revealed that the funding round was led by General Catalyst and […]

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  • South Korean Government to Promote Blockchain Training as Part of ‘4th Industrial Revolution’

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    South Korea’s Ministry of Science and ICT will promote the training of blockchain technology as part of an effort to prepare young people for what it calls the “Fourth Industrial Revolution.” Blockchain technology is included in courses that have recently been announced by the Ministry of Science and ICT. The Ministry of Science and ICT believes the country faces […]

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  • WeChat Eyes Blockchain for Faster Corporate Expense Refunds

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    Tech giant Tencent thinks blockchain can speed up the reimbursement of expenses for company employees, and it’s trialing a feature on its WeChat app to do just that. According to a blog post published on Friday, Tencent has piloted the application at a local restaurant in Shenzhen, China, where a user paid the bill through its existing […]

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