Category: Blockchain News

IBM Launches Blockchain Platform on Cloud Service in Melbourne

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IBM has released its blockchain main net out of its data center located in Melbourne, Australia. This will purportedly allow their customers to run their applications on the company’s cloud, according to an article published on news outlet ZDNet on Feb 11. The IBM platform was built on Hyperledger Fabric. Hyperledger is a project that aims to improve cross-industry blockchain technologies that is hosted by the Linux Foundation…………….

Source: IBM Launches Blockchain Platform on Cloud Service in Melbourne

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SendFriend gets $1.7M for blockchain-based remittance led by MIT, Mastercard

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SendFriend, a New York-based blockchain startup specializing in international money transfer to the Philippines, has raised $1.7 million in pre-seed funding from a group led by MIT Media Lab, Mastercard Foundation, Ripple and Barclays. Other investors include Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital. The blockchain-based platform, set to launch service from New Jersey and expand to other U.S. states, will allow customers, mostly overseas Filipino workers, to transfer funds back home for about 65 percent less than what is currently on the market, according to David Lighton, co-founder and CEO………………

Source: SendFriend gets $1.7M for blockchain-based remittance led by MIT, Mastercard

Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

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In the journey to digitalizing trade, blockchain and distributed ledger technology (DLT) have emerged as powerful technologies promising to bring tremendous new opportunities for trade finance. At the 2018 Singapore Fintech Festival, experts discussed the many opportunities that blockchain brings to the table, with Jim Sullivan, deputy assistant secretary for services at the US Department of Commerce of International Trade Administration, citing two core areas for blockchain: trade finance and supply chain. Sullivan spoke about an advisory committee for the US Secretary of Commerce that is working to evaluate different standards across the world and the feasibility of leveraging blockchain in trade finance…………

Source: Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

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It’s a balmy 80 degrees on a mid-December day in Singapore, and something is puzzling Allen Day, a 41-year-old data scientist. Using the tools he has developed at Google, he can see a mysterious concerted usage of artificial intelligence on the blockchain for Ethereum. Ether is the world’s third-largest cryptocurrency (after bitcoin and XRP), and it still sports a market cap of some $11 billion despite losing 83% of its value in 2018. Peering into its blockchain—the distributed database of transactions underpinning the cryptocurrency…………

Source: Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

Can Blockchain Technology Make Agriculture Safer?

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Smart contracts built on blockchain technology may eliminate the need for middlemen. Energy grids could use that tech to increase cybersecurity. And aerospace suppliers look to blockchain as a potential investment in keeping track of their supply lines and boosting efficiencies. But perhaps one of the most unexpected – and impactful – applications of blockchain may be in agriculture…………

Source: Can Blockchain Technology Make Agriculture Safer?

Blockchain Security Experts Claims That $2.5 Million is Stolen From Crypto Exchanges Daily

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https://www.pivot.one/share/post/5c496d72016de70bb6160d37?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Yahoo Co-founder: Blockchain & Crypto Platforms Need to Establish ‘Trust’ to Succeed

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Yahoo co-founder Jerry Yang recently said that digital currencies and their underlying blockchain technology can only survive in the long-term if the crypto community builds a solid foundation of trust around them. Yang’s comments about cryptoassets and distributed ledger technology (DLT) came during a speech he delivered at the recent Nikkei Innovation Asia Forum, held in Singapore……..

Source: CryptoGlobe

How Can a Blockchain Bank like FOTON Benefit All the Stakeholders? – NullTX

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Blockchain technology is taking over the world. Cryptocurrencies saw an unprecedented boom in investment in 2017. While the cryptocurrency market capitalisation peaked at $ 800 billion and has seen a correction to $ 131 billion in December 2018, the adoption is increasing at a rapid pace. The technology where a distributed ledger was able to securely log transactions anonymously gave us Bitcoin, the world’s largest cryptocurrency. Furthering the use cases, project team at Ethereum built Smart Contracts based on blockchain.

Source: How Can a Blockchain Bank like FOTON Benefit All the Stakeholders? – NullTX

Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

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The government of Taiwan is planning to roll out a blockchain-powered digital identification system in 2020, local news outlet CNA reported last week. Premier William Lai announced plans to launch the new eID system at a meeting held last week. The initiative is part of the broader efforts aimed at implementing “smart government” to promote the digital transformation of the government.

Source: Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

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A bill has been introduced in Wyoming’s state legislature to establish financial technology sandbox in order to boost innovation in this space. Introduced last week, the “Financial Technology Sandbox Act” seeks to create a financial technology sandbox for the testing of financial products and services in the state of Wyoming.

Source: Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost