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Month: July 2017

BI Unveils Joint Blockchain Remittance Venture Together With South Korean Startup

BI Unveils Joint Blockchain Remittance Venture Together With South Korean Startup

South Korean Bitcoin services company Coinplug has announced a new joint remittance venture in collaboration with SBI FinTech Solutions, a Japan-based company primarily involved in the payment gateway (PG) venture. Referred to as ‘SBI Cosmoney’, the new joint venture is predicted to start its remittance service this year 2017, according to the two firms. This venture will be partly backed up by a different remittance venture, SBI Remit. Coinplug is working together with SBI Fintech Solutions Co., a part of…

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Hyperledger Blockchain Project Adds 10 New Members

Hyperledger Blockchain Project Adds 10 New Members

The Linux Foundation-backed Hyperledger blockchain project just got a little bit larger starting this week. After the successful launch of Hyperledger Fabric 1.0, Hyperledger has announced ten new members to the open source collaborative effort, of which 7 are “general” members and other 3 are “associate” members. Up to now, there are over 100 firms, start-ups and organizations have joined up with the effort, that was initially released at the end of 2015. The newest members joining up are from…

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German Chemical Firm Pilots Supply Chain Blockchain

German Chemical Firm Pilots Supply Chain Blockchain

Blockchain technology is extremely popular nowadays, having a great number of enterprise-level firms searching for solutions via innovation. The latest press release coming from BASF, a German chemical company and the biggest chemical producer worldwide, investigate a new and interesting use of Blockchain’s potential in producing and tracking supply chains. Just this week, the said chemical company quietly announced that it has been working along with blockchain start-up Quantoz and IoT startup Ahrma to track shipping transactions using blockchain technology….

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Indian State Officials to Weigh Up Regulations for Public Sector Blockchain Use

Indian State Officials to Weigh Up Regulations for Public Sector Blockchain Use

Government officials in the Indian state of Karnataka are now taking steps towards blockchain technology and governance in the near future. This particular step could eventually bring about new rules in the tech-oriented district. Earlier this week, Prinyank Kharge, Minister of State for Information Technology & Bio-Technology, tweeted in his Twitter account: “Govt will soon host a seminar to understand blockchains for governance & bitcoins. If necessary evolve a policy. “ This particular event, according to him, can lead to…

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Russian Airline Is Now Selling Tickets Using Blockchain

Russian Airline Is Now Selling Tickets Using Blockchain

Russia’s biggest airline is now issuing passenger tickets on a blockchain with support from the country’s largest private bank. As mentioned by the local report through the media outlet Kommersant, the Siberia-based S7 Airlines, and its particular ticketing agent S7 Ticket has reportedly started this week the sales over the Ethereum blockchain. The airlines have partnered with the Alfa-Bank, Russia’s largest private banking institution, to begin a blockchain system for the automation of industry procedures. According to the report, the…

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State of Delaware Governor Signs Blockchain Regulation Bill into Law

State of Delaware Governor Signs Blockchain Regulation Bill into Law

Last April, the Corporation Law Section of the Delaware State Bar Association (DSBA) had already accepted Delaware Law Amendments having the goal of providing legal authority for businesses around the state to make use of the blockchain in order to keep company records. Successfully passed the House at the end of June, having 1 vote in opposition to it out of 41, this move gives an end to the campaign which started around May 2016 when Jack Markell, ex-governor of…

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Startup Proposes Federal Reserve Group on Cryptocurrency to Speed Up Payments

Startup Proposes Federal Reserve Group on Cryptocurrency to Speed Up Payments

A specialized task force organised by US Federal Reserve in 2015 has now received a lot of new proposals detailing the way it uses the technology to quicken up services. Overall, there are about 16 proposals coming from numerous payment firms that were sent to the Faster Payments Task Force – a group of different payments industry stakeholders convened by the Federal Reserve System to channel strategic thinking on the way it can upgrade its processes and technology. The objective…

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NRI Subsidiary Releases Blockchain Technology Assessment Service

NRI Subsidiary Releases Blockchain Technology Assessment Service

NRI SecureTechnologies, a leading global cyber security provider, has announced the launch of a new blockchain service. The NRI SecureTechnologies is one of the Japan’s group companies of Nomura Research Institute, Ltd., provider of information security solutions. As reported by the release, what separates this offering from others is the fact that it is specifically made for systems which use Blockchain technology. In particular, its target would be to analyze and simulate attacks on Smart Contracts – self-executing contractual code,…

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ECB President: Cryptocurrency Price Increase Having Limited Impact on Economy

ECB President: Cryptocurrency Price Increase Having Limited Impact on Economy

European Central Bank (ECB) President, Mario Draghi, has issued new remarks addressing the increasing interest in cryptocurrencies as an asset class. In the letter of Mario Draghi to the members of the European Parliament this week, he built on statements made during a May hearing, wherein his introductory discussions focus on financial innovation, such as “rapid pace of development” in Blockchain technology (Distributed Ledger Technology or DLT) and other related issues. During that time, he advised that care should be…

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India’s Leading IT Trade Body Sets Up Blockchain Special Interest Group

India’s Leading IT Trade Body Sets Up Blockchain Special Interest Group

The National Association of Software and Services Companies (NASSCOM), an Indian IT industry trade association, sets up a special interest group for blockchain technology located in the country’s capital, Delhi. NASSCOM is partnering startup BlockSmiths to install the blockchain-exclusive special interest group along with Quatrro, a global payment processing and FinTech services provider with a presence in Asia and the United States. According to the Economic Times, the new special interest group named Blockchain SIG, aimed to educate and inform…

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