New Crypto Backed by Gold and Silver Can Now Be Used to Buy Tickets to Sport Events

New Crypto Backed by Gold and Silver Can Now Be Used to Buy Tickets to Sport Events

An “evolutionary” monetary system that uses physical gold and silver as the basis for digital currencies has unveiled a series of partnerships as it works to increase participation in its platform and gain support from governments.

Kinesis argues that backing cryptocurrencies with precious metals help to reduce the “severe price … Read the rest

India: Ernst & Young To Hire Over 2000 Employees To Work On Blockchain, AI

India: Ernst & Young To Hire Over 2000 Employees To Work On Blockchain, AI

“Big Four” auditor Ernst & Young will hire 2,000 employees in India to expand its digital solution services across blockchain, artificial intelligence (AI), automation and tax technologies. EY is planning on recruiting the required new talent over the next three years, in parallel to its global plans to invest $1 … Read the rest

South Korean Hospital to Use Blockchain Tech for Medical Information Services

South Korean Hospital to Use Blockchain Tech for Medical Information Services

South Korea’s largest hospital organization, Myongjo Hospital has partnered with local tech company BICube to develop a medical services platform based on blockchain technology. It is understood that a Memorandum of Understanding (MoU) has been signed by both the parties. The two parties plan to use blockchain technology to create … Read the rest

HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction. The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL to U.S. client Tricon Energy, … Read the rest

GE Wants to Build Virtual Power Plants Using Blockchain

GE Wants to Build Virtual Power Plants Using Blockchain

GE is investigatingblockchainto potentially incorporate the technology into a virtual power plant offering, likely delivered via the company’s Predix platform. According to Steven Martin, GE Power’s chief digital officer; the move was in response to a general trend away from large central generating plants and toward distributed generation. GE has … Read the rest

StarkWare Raises $30 Million to Solve Blockchain Privacy and Scalability Issues

StarkWare, an Israel-based blockchain specialist which commercializes a zero-knowledge proof system, has secured $30 million from high profile names within the cryptocurrency ecosystem, including Consensys, Coinbase Ventures, Intel Capital, Pantera, and Sequoia. Netanya-based StarkWare Industries, which was founded in early 2018 to develop its “full proof stack for the STARK … Read the rest

Visa Partners With IBM To Launch Blockchain-Based Digital Identity System In Q1 2019

Visa Partners With IBM To Launch Blockchain-Based Digital Identity System In Q1 2019

Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019. The system, dubbed Visa B2B Connect, will provide a blockchain-based digital identity solution for financial institutions to securely process cross-border payments. The system reportedly tokenizes sensitive business data – such as … Read the rest

Swiss Startup Aims At Creating Crypto Based Paypal Model To Facilitate Digital Transactions By 2019

Swiss Startup Aims At Creating Crypto Based Paypal Model To Facilitate Digital Transactions By 2019

A Swiss startup company is attempting to make using cryptocurrencies for online transactions as simple and safe as using PayPal. The main accusation of the mainstream media against crypto is that it is “a currency that is hard to spend.” Even though, according to CNBC, the total worth of Bitcoin … Read the rest