Blockchain

A well-known Swiss company Breitling has become the world's first luxury watchmaker to leverage blockchain technology to offer a digital warranty program to its customers. The company is calling it a digital passport, which will be included with all its watches starting October 13th. In addition, the company has tied up with Arianee technology to foray into the blockchain world. Arianee technology is working towards building a global standard for the digital certification of valuable objects. Powered by Blockchain With…

Global consulting firm PowerhouseCooper (PwC) has revealed 12 countries set to dominate the next decade's blockchain sector. As per a report on distributed ledgers, PwC stated its projections for the next decade, which had some interesting observations. Familiar Countries lead the way The United States and China unsurprisingly lead the way and are expected to dominate the scene for another decade. Both nations have made conscious efforts towards blockchain regulations and creating a good ecosystem for developers. China is expected to…

The exchange of goods and services for money is one of the fundamental aspects of human existence. Thus, payment systems were established to facilitate funds transfer from one entity to another. Payment systems have undergone several changes since their establishment. Unfortunately, none of them has been perfect, with each presenting its unique setbacks. This was one reason blockchain and digital currencies were established; to facilitate a more effective payment system for the entire world. The adoption of blockchain and cryptocurrencies…

Nascent technologies such as blockchain and artificial intelligence are changing the way we do things as they have what it takes to improve our daily activities. On May 22, Suseong University in South Korea reached a deal with the Korea Artificial Intelligence Association (KORAIA) for the creation of a blockchain and AI campus in Daegu. The deal will give birth to a new department to teach AI, big data, and cloud-based technology at the university based in Daegu, says local…

Germany-based blockchain banking company Bitwala is now partnering with the pioneering decentralized finance (DeFi) platform known as Celsius to provide Bitcoin hodlers yearly interest of up to 4 percent. When users decide to utilize the Bitcoin Interest Account of Bitwala, the funds they deposit will be loaned to institutional borrowers through Celsius, allowing them to earn interest every week on their Bitcoin in BTC. The blockchain bank has integrated Celsius as it considers DeFi a new means of generating wealth,…

According to China’s Office of the Central Cyberspace Affairs Commission (OCCAC), the third round of blockchain projects towards approval by the Chinese regulators is taking off. The latest addition to the commission’s registry is 224 distributed ledger technology (DLT) ventures and it includes leading technology companies Alibaba, Baidu and China Mobile. It seems that the news was first revealed by a Twitter user AliceolaCrypto on April 26: “#China has just announced the 3rd batch list of #blockchain filings, 224 projects approved…

The current global economic trouble is shifting attention to blockchain technology. Before now, some governments have been considering and looking into how to deploy the technology in some sectors. Interestingly, the government of South Korea has noted that the blockchain market stands for a “golden opportunity” for the country. The government is admonishing private sector firms in the country to exploit this potential. On Apr. 17, Fn News released a report which noted that the Vice Minister of Strategy and Finance,…

In a measure aimed at boosting efforts to combat the Corona Pandemic, a Public Health Blockchain Consortium (PHBC) has recently announced the development of a new blockchain platform. TheVirusBlockchain.com will help to track COVID-19 free communities. Better Lives Globally The PHBC consortium brings together health authorities, universities, health care providers and innovators. They aim at collecting, safely storing, and analyzing anonymous health data on the blockchain. Their objective is the eradication of diseases and bettering lives globally. Besides tracking COVID-19…

Based on recent reports, the Enterprise Blockchain platform's launch has been confirmed following its launch by Ant Financial. The platform's primary focus is directed at enterprises and is termed as "Ant Blockchain Open Alliance," which is generally an Alibaba affiliate.  Comments by the Ant Financial Group Vice President  Following the Ant Financial Group vice president's review, Jiang Guofei made it on the 8th of January. He stipulated the full operational chain's expected to launch that was presided by the beta version launch…