Tag: Blockchain Technology

  • General Motors Goes All-In On Blockchain Technology

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    GM Financial, a subsidiary of General Motors that handles financing and loans for customers that want to purchase vehicles, announced on Forbes a partnership with Spring Labs to join the Spring Founding Partners program with the sole purpose of developing financial products within Spring Labs’ blockchain platform. General Motors has previously shown interest in blockchain […]

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  • Blockchain and biometrics: The patient ID of the future?

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    Iris biometric technology could add enhanced security measures to blockchain networks in the healthcare industry. Patientory Inc. and UK-based IrisGuard partnered to integrate iris biometric technology with healthcare-focused PTOYNet blockchain networks, according to a Friday press release. In the form of a HIPAA-compliant Patientory App, the iris-recognition software will add another layer of secure authorization […]

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  • JP Morgan report states blockchain is overhyped and unlikely to change the world

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    Many on Wall Street are optimistic that blockchain technology will bring about massive disruption to legacy platforms as billion of dollars have been used to invest in the nascent industry. JP Morgan, however, doesn’t share this optimis, Business Insider reports. According to a recent report published by the multinational investment bank, blockchain isn’t that great. […]

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  • Identity on the blockchain doesn’t need to be perfect, it just needs to be better than Yahoo

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    CryptoSlate, a very useful blockchain aggregation website, maintains a list of projects which specialize in digital identity or at least some elements of personal identity on the blockchain. At present there are no less than 28 such projects, the bulk of which emerged in 2018. On the face of it, storing any personal information on a blockchain […]

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  • WWF Launches Blockchain Tool to Track Food Along Supply Chain

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    World Wildlife Fund-Australia (WWF-Australia) has announced the launch of a supply chain tool that uses blockchain to allow businesses and consumers to track food items, according to a tweet today, Jan. 17. The platform, dubbed OpenSC, is the product of a partnership between WWF-Australia and BCG Digital Ventures (BCGDV) — the global corporate venture, investment and incubation arm of United States-based Boston Consulting Group. […]

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  • More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

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      Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading. Reuters reported on the development on Jan. 16. Along with Chevron, Total, a leading French multinational integrated oil and gas company, and major Indian refiner Reliance Industries have become members of the Vakt platform. The article stresses that the agreement is […]

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  • Israel’s Top Cargo Shipping Firm Zim Opens Blockchain Platform to All Clients

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    Israel’s largest cargo shipping company Zim has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades. Global shipping news outlet TradeWinds reported the news today, Jan. 14. Following a successful pilot of its blockchain-powered eB/Ls platform that lasted for over a year, the shipping firm has claimed that blockchain can not only replace the […]

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  • Blockchain Research Now Granted Tax Credit in South Korea

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    South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance announced the proposed changes to the enforcement decree of last year’s tax law, which will be enforced in February. The proposed amendments also include among the eligible fields […]

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  • Samsung NEXT Technical Director Values Decentralization Above Blockchain

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    Decentralization is a more important phenomenon than blockchain, a senior executive at South Korean tech giant Samsung said in an interview with computing magazine JAX Jan. 10. Speaking about the future of blockchain, Ricardo J. Méndez, Technical Director at the firm’s innovative technology arm Samsung NEXT, forecast a consolidation of the space in the coming year, but underscored the importance of reshaping centralized […]

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  • Can Dubai Become the First Blockchain Powered City by 2020?

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    When we think of Dubai, we think of Arab billionaire lifestyles, 6-star hotels, and awe-inspiring skyscrapers. But did you know that plans are in place to turn Dubai into the first blockchain-powered city by 2020? The Director-General of Smart Dubai, Dr. Aisha Bint Butti Bin Bishr, believes that city is in prime position to establish […]

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