Chinese Government Orders Faster Blockchain Development, Urgently Seeking Results

The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: “To build a regional equity market in Guangdong, according to the opening up

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Ethereum Co-Founder Lubin: Cryptocurrencies Should Stay ‘Unfettered” from Regulations

It’s a tricky balance, but Ethereum Co-Founder Joseph Lubin believes the cryptocurrency market should embrace regulators though he also points out it’s vital not to stifle innovation. Lubin, who is at the helm of ConsenSys, welcomes regulators into the cryptocurrency space both in the United States and in other parts of the world. He made the comments

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Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed

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American Express Taps Hyperledger Blockchain for Rewards Program Revamp

American Express has deployed Hyperledger’s blockchain technology to make its Membership Rewards program more versatile, marking the first application of blockchain technology to a major U.S. financial services loyalty program. Under the revamped program, merchants will be able to create Membership Rewards offers on their own platforms to engage customers and at the same time

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Op-ed | GDPR and Blockchain: How the US’ Lack of Preparation Could Swing the Balance of Power to Europe

This op-ed on GDPR and blockchain was written by Robert Chu — CEO of Embleema, the patient-driven healthcare blockchain, and Former SVP at IMS Health (Now IQVIA) — and Alexis Normand, former Head of B2B of Nokia Digital Health Internet privacy advocates are surely disappointed by Mark Zuckerberg’s mid-April performance in front of the US

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Bank of America Adds to Growing List of Blockchain Patents

Blockchain is finding more implementation in the mainstream and Bank of America (BoA) is at the forefront of a group of legacy companies that are using Distributed Ledger Technology (DLT) to validate the veracity of information and those using it. A Security-inclined Blockchain Recently, the bank won another blockchain patent, adding to its growing list

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Monero Lead Developer Unveils Second-Layer Protocol ‘Tari’

The lead developer of Monero has unveiled a new second-layer protocol that will allow users to create and trade digital assets on top of the privacy-centric cryptocurrency’s network. The open-source project, called Tari, will make it possible to program and issue non-fungible assets like loyalty points, in-game items, and concert tickets over the blockchain. The

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Major Banks Pilot Successful Thailand-Singapore Blockchain Remittance

A joint effort by major banks in south-east Asia has led to a successful blockchain-powered cross-border funds transfer in real-time from Thailand to Singapore. In an announcement on Tuesday, Thailand’s Bank of Ayudhya – commonly referred to as Krungsri – revealed a successful pilot test involving an international remittance from a domestic bank account to

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Zimbabwe Cryptocurrency Exchange Golix Drags Central Bank to Court over Trading Ban

Zimbabwe cryptocurrency exchange platform Golix has taken the country’s central bank, the Reserve Bank of Zimbabwe, to court, saying the bank’s ban of cryptocurrency trading was unconstitutional as there are no laws that empower it to make such legislative moves. After banning banks from processing cryptocurrency transactions in the country, the central bank of Zimbabwe subsequently

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Walmart Files Patent for Blockchain-based Digital Marketplace

A recently released filing by the U.S. Patent and Trademark Office (USPTO) outlines a blockchain-based framework that Walmart has envisioned as part of its efforts to expand its digital services for retail shoppers. Walmart’s Blockchain Push Filed in 2017 and granted on May 17, 2018, the document is an example of Walmart’s push to embrace digital

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