Blockchain news
- South Korea is noticing a significant growth of interest in the blockchain-based platform offering stocks.
- Last year, the country got its first platform launched by a financial IT firm, Koscom.
- Now, two more companies are developing their own platform for unlisted startups' stocks.
Features & analysis
Latest Blockchain news
China’s new appreciation of blockchain technology continues to unravel. Ever since its president, Xi Jinping, praised blockchain last year, the country has been working on its development at full speed. Now, China’s government decided to announce the list of members of its National Blockchain Committee. The Committee’s purpose would be to create industrial standards for emerging technology. Who made the list? The list of members...
As the coronavirus outbreak progresses, businesses around the world are trying to contribute to the fight against it. Some of the most innovative solutions, but, are coming straight from the blockchain industry.A new app for tracking the virus’ spreadingAccording to an announcement by Telos Foundation, which is in charge of EOS-based platform Telos, a new app is coming to its ecosystem. The app is a product of a blockchain project Genobank....
General Motors, a well-known car maker, recently got its patent application published. The filing reveals that the patent is for a continuously-updating navigation map system. However, the key detail is that the system would operate on blockchain technology. It will also collect data from vehicle sensors, and use it to create a highly-reliable map for future autonomous cars. How will this work? While the filing only saw publication recently, on A...
Nodle Network, a decentralized network provider that competes with IOTA has begun its migration from Stellar to its own blockchain. The firm unveiled this news on March 31 through a blog post, noting that the testnet version of its blockchain is now live. Per the publication, the blockchain is dubbed Arcadia and it uses the Polkadot Network and Parity Substrate. This news comes after Nodle went live on the Stellar blockchain in the past one year....
Olga Skorobogatova, the first deputy governor of Russian Central Bank, spoke recently about blockchain technology. Yesterday, April 2nd, Skorobogatova said in an interview with Euromoney that blockchain failed to deliver on its promises. Skorobogatova recalled that, five years ago, many claimed that blockchain will be the universal solution for finance. People expected this to take place by 2020, but it clearly did not. Technology is still in dev...
With the crypto prices crashing due to coronavirus fears, and the global economy seeing a major meltdown, it has become more important than ever for crypto projects to remain as functional as possible. This is why many companies are investing in development grants these days. The most recent example is Ark (ARK), a blockchain project that set aside 1 million of its tokens for this purpose. The amount roughly translates to $150,000, all of which w...
BMW is preparing to launch its blockchain-based solution for supply chains, according to BMW Group’s new announcement. Furthermore, the Group also revealed plans to roll out the solution to as many as 10 suppliers before the end of the year. The plan came out in an official announcement earlier today, March 31st. The platform, PartChain, is already quite functional, according to the tests conducted back in 2019. PartChain’s early desi...
Binance‘s educational arm, Binance Academy, has announced yesterday that it launched a blockchain research institute in China. The institute’s name is Lingang Blockchain Technology and Industry Research Institute, also known as Lingang Research Institute. According to the announcement, the institute is expected to become the hub for blockchain talent. Its goal is to speed up the application of blockchain and shape for further breakthr...
The blockchain industry has surged quite a bit in South Korea. and many new businesses have announced blockchain initiatives. The most recent one seems to be the country’s largest telecom, KT. The company has launched a blockchain platform meant for contracts, calling it KT Paperless. Abandoning papers for blockchain The name itself reveals the goal behind the project. That goal is is to cut the use of paper by relying on the blockchain. Th...
The World Health Organization (WHO) seems to have recognized blockchain’s potential for fighting COVID-19 pandemic. The organization announced new partnerships earlier today. The partners are helping it launch its own blockchain network. WHO’s new blockchain to identify and track COVID-19 infections The announcement revealed partnerships with several major tech and blockchain firms. The partners are working together to create a platfo...
China’s long-awaited Blockchain-based Service Network (BSN) is seemingly approaching its launch. The upcoming service should see launch at some point in April 2020. It comes as a product of the country’s banks, tech firms, and the government itself. China to introduce centralized permissioned blockchain network This will be one of the first platforms of this kind that a centralized government will maintain. Once it is up and running,...
Blockchain technology continues to receive new use cases, not only in theory but in practice as well. According to a recent report, one such new use cases will involve storing educational credentials via blockchain technology, and Georgia will be the first country to implement it. As part of its new project, Georgia will start storing, tracking, and verifying educational credentials by leveraging blockchain tech in public services. The report als...
China-based technology and financial services giant, Alibaba, recently applied for the new blockchain patent while it continues to develop its own blockchain-powered transaction system. This newest patent is only the latest one in a row, as the company continues to invest in blockchain technology. The new patent was applied for in Brazil, according to recent reports, and it will target rather diverse sectors, such as insurance, financial services...
The UK’s Department for International Trade recently revealed the goals it wishes to achieve in negotiations of an FTA (Free Trade Agreement) with the US. The document is quite wide-reaching, but one interesting detail is that the UK authorities demand that blockchain is included as one area in which the country and its businesses will benefit. The document explains the UK government’s stance in post-Brexit FTA negotiation with the US...
After China developed an interest in blockchain technology, it decided to test it in Shenzhen last year, and the move was such a success that it decided to bring blockchain technology to its capital of Beijing. According to a recent announcement, the country is planning to introduce a new blockchain-based invoicing system that will be used for eliminating fraud. The announcement was posted on March 2nd by the Beijing Municipal Office of the State...
Blockchain technology continues to work on spreading awareness by trying to help out major apparel brands, from Nike to Macy’s. The emerging tech, developed by Auburn University’s RFID Lab, promises to help the brands with sharing product data across the retail supply chain, According to a recent study, known as CHIP (Chain Integration Project), these and other brands ran Hyperledger Fabric nodes on a part of their major supply chains...
While the week has only started, there was already a major event in the crypto space that has caused quite a bit of an issue. As some may know, Steem, blockchain on which the popular decentralized blogging platform, Steemit, is built, recently went through what appears to be a hostile takeover by several exchanges, including Binance, Huobi, and Poloniex. Apparently Steem DPOS got taken over by big exchanges voting with depositors' funds. Can...