Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error.
Paxos seeks to unlock capital … Read the rest
Turkey launched its first blockchain university, named the Istanbul Blockchain and Innovation Center (BlockchainIST Center) in an atempt to “close the expertise gap” so that the country can begin utilizing the technology across many industries. The center, located at Bahcesehir University, will facilitate academic studies by students and entrepreneurs, and … Read the rest
Stellar, an open-source platform for distributed payments, is reportedly the first distributed ledger protocol to obtain Sharia compliance certification in the money transfer and asset tokenization field. The Shariyah Review Bureau, a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has examined the capabilities and applications … Read the rest
Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain. Based on Hyperledger Fabric and set for its debut at the UK’s Farmborough Airshow, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to … Read the rest
Singapore e-government service provider CrimsonLogic has unveiled its cross-border blockchain network for global trade. Dubbed the Open Trade Blockchain (OTB), the platform is principally designed to boost the efficiency of trade corridors between China and the Association of Southeast Asian Nations (ASEAN) nations.
According to Eugene Wong, the chairman of … Read the rest
A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create … Read the rest
A blockchain startup named Tron has bought file sharing company BitTorrent for a reported sum of $126 million (about £96 million, AU$170 million). According to a statement BitTorrent’s will continue to operate from Tron’s offices in San Francisco, “pursuing its vision for the world’s largest decentralized ecosystem.” The acquisition will … Read the rest
Google’s parent company Alphabet has finally come to terms, on adopting Blockchain Technology into their core processes. he Blockchain technology emerged in the past decade and has become increasingly embraced by large companies and small governments as a way to digitize records and simplify transactions. Since then, the technology spread … Read the rest
Blockchain-based media start-up Civil Media is launching its cryptocurrency CVL on August 13th. The company looks to sell a maximum of $34 million in CVL tokens, which will be valued at 27 to 94 cents each. The company has an ambitious plan to save journalism using blockchain technology and cryptoeconomics. … Read the rest
State-owned KT Corporation, South Korea’s largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it “more secure and transparent.” With its new network, KT plans to allow its individual … Read the rest