BitFury partners with UN

UN forrest

Blockchain development firm Bitfury is set to partner with the United Nations Development Programme (UNDP) on a project to conserve and increase Kazakhstan’s forestland. As the Astana Times reported on Jan. 14, the project aims to help the country to reduce its greenhouse gas emissions by 15% over the coming decade to meet its commitments in the 2016 Paris Agreement. Offsetting Bifury’s carbon footprint Bitfury and the UNDP are poised to sign an agreement later this month with the Kazakh Ministry of Ecology, Geology and Natural Resources to create a…

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Nike to Tokenize Footwear on Ethereum Blockchain Network

Nike shoes

Nike intends to use the Ethereum blockchain network to generate a unique digital asset for limited edition shoes. It got a patent to tokenize footwear on the Ethereum blockchain network. Nike is responsible for the design, development, marketing, and sale of footwear, apparel, equipment, accessories, and services for athletes. The Company’s operating segments include North America, Europe, Japan, China, and Emerging Markets. Its brand portfolio includes NIKE, Jordan, Hurley, and Converse brands. Nike to Use Ethereum Blockchain Network (ERC 721 Token) Nike intended to generate unique IDs and create ERC…

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CCB Launches A Blockchain-Based Small Business Financing Platform

CCB China

One of China’s largest financial institutions, China’s Construction Bank (CCB) launched its blockchain based re-factoring platform. The announcement, released on December 10th by local news outlet, Sina Finance App, further points out the bank aims to boost efficiency and reduce risks pinned to the factoring business. China’s state Owned Bank Launches Blockchain-Based platform Factoring is a popular channel that mid and small-sized businesses use to raise capital by selling their invoices at a discount to another firm. China’s state owned CCB, the world’s second largest bank in assets owned, launched…

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89% of Chinese Blockchain Firms Have Tried to Issue Crypto

blockchain china

89% of China’s blockchain firms have allegedly tried to create their own cryptocurrency, according to a senior exec at a local blockchain association. According to the state-run CCTV on Nov. 21, Yedong Zhu, the president of the Beijing Blockchain Technology Application Association (BBAA), revealed that the vast majority of blockchain industry in China is focused on tokens, not blockchain. In addition to Zhu’s remarks, the report by CCTV covered a new study led by the People’s Bank of China (PBoC). Co-authored by five local financial and technology authorities, the “Bluebook…

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Italian banks successfully test data reconciliation via blockchain

bank blockchain Italy

The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform. The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test of the framework has been first announced by Italian media at the end of September though with little details. Platform viability has been demonstrated Now ABI reveals that the test has seen 200 million data entries being processed by the blockchain banking reconciliation system, effectively simulating…

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BMW, General Motors, Ford to start testing blockchain payments in cars

Ford Mustang

Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States. Automakers envision self-paying cars, digital IDs Nikkei Asian Review reported on Oct. 14 that the partnership aims to test the vehicle ID system developed under the Mobility Open Blockchain Initiative. As part of the project, cars are assigned digital IDs linked to ownership, service history and a wallet allowing the vehicle to automatically pay fees without specialized hardware. The alliance reportedly envisions…

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Telegram finally releases code for its $1.7 billion TON blockchain

TON blockchain

Telegram’s blockchain project, TON, has entered the last preparation stage before going live. The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer. The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons. According to Mitja Goroshevsky, CTO of…

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Binance funds 40 developers to build open-source crypto software

Binance X

Malta-based crypto exchange Binance wants to spur greater research in open-source blockchain development. To that end, the exchange unveiled Binance X on Thursday, announcing that it was funding more than 40 developers conducting research into open-source crypto software. Binance X also hopes to facilitate collaboration in the Binance ecosystem by providing resources to projects in various stages of development and tap blockchain “evangelists” to foster education around the space. For promising developers, Binance X offers a fellowship program focused on research and development of open-source blockchain software. More than 40…

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IBM launches blockchain for supplier networks

IBM blockchain

IBM and Chainyard have launched a blockchain network, Trust Your Supplier, designed to improve supplier qualification, validation, on-boarding and life cycle information management. Founding participants are: Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone. The aim is to eliminate manual processes, which make it difficult to verify identities and track documents like ISO certifications, bank account information, tax certifications, and certificates of insurance throughout the lifecycle of a supplier. Instead, Trust Your Supplier, uses a decentralised approach and an immutable audit trail built on blockchain, to eliminate manual…

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IBM Files Patent for a Blockchain-Based Web Browser

IBM blockchain browser

A new patent application from IBM describes a blockchain-based web browser. Published on August 6 by the United States Patent and Trademark Office, IBM’s patent is for a web browser backed by a peer-to-peer network. The browser collects pre-specified information from web browsing sessions, according to the patent. The information is then transferred to a network of peer-to-peer nodes for collection and storage. Information collection depends on the type of browsing experience chosen. Browsing on a work computer versus a personal browser would demand different settings, for example. Types of…

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A leading Japanese broker to join Libra Association

Monex Group

A leading online brokerage company in Japan, Monex Group, wants to become a part of Facebooks’ Libra project. The broker applied to become a node operator. Oki Matsumoto, the president of the Group, announced the decision during the company’s regular meeting devoted to the results of Q2. It is worth noting, that Matsumoto sounded very optimistic about Libra, despite that the recent Facebooks’s cryptocurrency initiative had faced stiff resistance from global regulators and governments. According to Matsumoto, Libra might unlock various possibilities, including “financial inclusion” and more efficient cross border…

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KPGM to Work With Microsoft, Tomia and R3 on Blockchain Telecom Solutions

kpmg.us

Business advisory firm KPGM has partnered with tech companies Tomia, Microsoft and R3 to create a blockchain-based settlements solution for the telecom industry, in anticipation of 5G network services. KPMG announced the partnership and product plans in an official blog post. As per the report, the planned blockchain solution intends to make use of smart contracts in order to reduce disputes between carriers and mobile operators. Such smart contracts would reportedly include critical information for this purpose, by providing details such as correct rates, destination and bilateral deal information. The…

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Facebook’s cryptocurrency partners revealed

Facebook crypto coin blockchain

Facebook has been quietly building out its cryptocurrency for over a year, and it looks like that time has been well spent, enlisting the support of some of the most prominent companies across payments, retail, and technology. As recently reported by The Wall Street Journal, Facebook’s cryptocurrency will be governed by a consortium of firms known as the Libra Foundation, which includes the likes of Visa, Mastercard, and PayPal. But The Block has gotten its hands on consortium marketing materials and can now report dozens of firms not previously known…

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Using Bitcoins may earn you a 10-year jail sentence

Bitcoin jail

In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. A new draft bill The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 has proposed a 10-year prison sentence for anyone dealing with cryptocurrencies. The…

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Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week

#TAOTAO

A new crypto exchange platform in which Yahoo Japan owns a major stake is about to launch after over a year in development. The new platform, called Taotao, announced on Twitter Sunday that it will go live on Thursday, May 30, at midday local time. According to the Taotao website, the exchange will be offering a mobile app alongside its online platform, and will offer trading in bitcoin (BTC) and ether (ETH) at launch. The firm will also be making leverage available for interested traders, with three more cryptos added…

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