Technology

A New Alliance Established To Securely Track Precious Metal Trades

A New Alliance Established To Securely Track Precious Metal Trades Using Blockchain

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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

Stellar Becomes ‘First’ Sharia-Certified Blockchain for Payments And Asset Tokenization

Stellar Becomes ‘First’ Sharia-Certified Blockchain for Payments And Asset Tokenization

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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

Accenture, Thales to Debut Blockchain Tool for Aerospace Supply Chains

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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 based CrimsonLogic Launches Global Cross-Border Blockchain Platform

Singapore based CrimsonLogic Launches Global Cross-Border Blockchain Platform

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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

BitTorrent Bought By Blockchain Company Tron

BitTorrent Bought By Blockchain Company Tron

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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

South Korea's Largest Telecom Operator KT Corporation, Introduces Its Blockchain Network

South Korea’s Largest Telecom Operator KT Corporation, Introduces Its Blockchain Network

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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

Singapore Airlines Partners With Microsoft To Develop A Blockchain Based - Loyalty Wallet

Singapore Airlines Partners With Microsoft To Develop A Blockchain Based – Loyalty Wallet

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Singapore Airlines (SIA) has launched its own airline loyalty digital wallet that uses blockchain technology. The software has been co-developed by Microsoft and KPMG Digital Village, according to the press release. The new wallet; dubbed ‘KrisPay’ after SIA’s ‘KrisFlyer’ loyalty programme, converts frequent flyer miles into digitized ‘KrisPay … Read the rest