Category: Blockchain

German Railway Operator Examines Deploying Blockchain to Tokenize Its Ecosystem

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Unibright Deutsche Bahn Ecosystem Tokenization via Blockchain

German railway operator Deutsche Bahn AG (DB) has partnered with blockchain integration platform Unibright to examine the possibility of tokenizing its ecosystem. A press release revealed the partnership on Tuesday, Dec. 18. DB appointed Unibright to make preparations for an internal workshop, dedicated to the possible tokenization of the company’s assets. The railway giant, which is considered to be the largest in Europe, wants to find out whether decentralized solutions can cut operational costs and help DB interact with other members of the travel industry. Unibright developed a proof-of-concept (PoC)…

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Opera For Android Now Has A Cryptocurrency Wallet

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Opera blockchain browser

Opera had confirmed earlier this year that it would build a cryptocurrency wallet inside its Android browser. The company has followed through on that promise and confirmed today that the latest version of its browser does indeed come with a cryptocurrency wallet. The announcement was made at a blockchain event in London today. The latest version of Opera for Android comes with a built-in crypto wallet. It will enable users to make transactions online and also securely store their digital tokens within the browser itself. The Opera browser’s cryptocurrency wallet…

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IBM Research and Hello Tractor Pilot Digital Wallet for Agriculture Based on AI and Blockchain

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Hello Tractor

Scientists from IBM Research and start-up Hello Tractor are piloting an agriculture digital wallet and decision-making tool which provides demand and supply visibility for farmers, tractor fleet providers and banks to give farmers the equipment and technology they need to build a sustainable farm. The technology was unveiled at TechCrunch Startup Battlefield Africa 2018. In Sub Sahara Africa more than 60% of farms are powered by humans, with less than 20% provided by engines, a model which is not sustainable as food demand increases due population growth, which is averaging…

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Facebook Is Hiring Blockchain Engineers

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facebook blockchain

It appears as though the social media giant Facebook has been quietly hiring blockchain engineers currently. There are five different job listings in the Facebook Careers section. The listings are for the following jobs: data scientist, data engineer, software engineer, and product marketing lead. It is currently unclear as to what exactly Facebook might be doing with these new positions, although Mark Zuckerberg himself (the founder of Facebook) hinted that he might be developing his own cryptocurrency. Although he did not specifically say that this was in the company’s plans,…

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Swiss Post and Swisscom launch a 100% Swiss infrastructure for blockchain applications

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Swiss Post and Swisscom

Private Blockchain-based ProjectWhile the Swiss Post is Switzerland’s national postal service, Swisscom is one of the country’s largest state-owned telecom service providers. The two will ally to streamline their service offering and foster the blockchain ecosystem in the country. The joint venture is the first “private blockchain” platform in the country to be operated by two entities. The platform differs from other private blockchains in that the data will strictly remain within the borders of Switzerland. Further, the press release noted that the security of the platform would be on…

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BitGo Now Supports Universal Protocol Alliance Stablecoins

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BitGo platform

BitGo, a leading blockchain security and cryptocurrency custodian based in California, has formed a strategic alliance with the Universal Protocol Alliance. The partnership will enable BitGo to offer support for the latter’s cryptoassets, including its U.S. dollar (UPUSD) and euro-pegged (UPEUR) stablecoins, according to a Business Wire press release on December 6, 2018. BitGo Supports Universal TokensPer sources close to the matter, BitGo, a highly-reputed cryptocurrency custodian and institutional cryptocurrency financial services company is now offering support for all tokens from the stables of the Universal Protocol Alliance (UP). In…

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Sberbank, NSD and MTS close deal on commercial bond issue using blockchain

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Sberbank blockchain

Sberbank, the National Settlement Depository (NSD) and MTS have summed up results of the deal to issue commercial bonds using blockchain. The nominal cost of MTS’s RUB 750 mln commercial bonds, organised and purchased by the corporate and investment banking business of Sberbank, was redeemed. A security deal using smart contracts – from issue to full execution of issuer’s obligations to the investor – was successfully carried out. Commercial bonds are privately-traded unsecured fixed income securities that are placed on the OTC market through a private subscription. Prior to the…

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Vulnerability on Ethereum enables malicious GAS Minting

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GasToken

A newly discovered vulnerability on Ethereum allowing for malicious GasToken Minting was found. The development team already acknowledged the issue and informed most of the affected users on November 13, 2018, via private disclosure. The Attack Crypto exchanges usually allow the withdrawal of Ethereum to arbitrary addresses with no gas usage limit; since this executes a fall back function, attackers can use this to make exchanges pay for arbitrary computation, allowing them to force exchanges to burn their own Ethereum on high transaction costs. Moreover, this even gives attackers the…

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Bitfury partners with Russian Economics University to establish Blockchain Accelerator

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Bitfury blockchain

Multisectoral blockchain company Bitfury has partnered with the Plekhanov Russian University of Economics to create an accelerator for blockchain projects, Russian crypto news outlet Forklog reports Nov. 21. In addition to supporting the development of blockchain projects, the university will provide courses and additional education dedicated to “training specialists who are able to create innovative projects using digital technologies in a short time.” This will enable specialists to “bring [the projects] to market amid the new industrial revolution,” Dmitry Ufaev, the head of Bitfury Russia, told Forklog. According to Forklog,…

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German Federal Economic Ministry Wants to Combat Tax Fraud with Blockchain

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The German Federal Ministry for Economic Affairs and Energy (BMWi)

The German Federal Ministry for Economic Affairs and Energy (BMWi) is planning to fight tax evasion schemes by using blockchain, German business news outlet WirtschaftsWoche reported Nov. 22. Following the major European tax fraud scheme CumEx-Files, the BMWi has suggested that distributed ledger technology (DLT) is capable of making the tax system more efficient in terms of fraud prevention. Discovered in 2017, the CumEx-Files was a tax fraud scheme that reportedly was used by a network of banks, stock traders and top lawyers to obtain billions from European treasuries through…

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