Blockchain

The VeChain Thor (VET) is a public blockchain designed with one aim: to enhance supply chain management and streamline business processes and information flow for complex supply chains through distributed ledger technology (DTL). How does VeChain work? VeChain involves assigning a product a unique ID and fitting it with a VeChain smart chip tracker, such as an NFC chip or RFID tracker, allowing the details of any product to be collected, stored, and quickly reviewed. This crypto-space solution will enable businesses…

America's largest bank now claims that the banking sector isn't ripe for Blockchain adoption. In a recent report, JP Morgan Chase acknowledges that the ongoing blockchain developments are the foundation for the adoption of digital currencies. However, it holds that full adoption will take years. The report also suggests that the bank is looking beyond blockchain technology. According to the report, the foundations for mainstreaming blockchain adoption, expedited payments and digital currencies is already set. It estimates that it will…

Charles Hoskinson donated $500k cryptocurrency to the University of Wyoming (Blockchain Research and Development Lab in Laramie) in the past week via Cardano’s research arm. After the donation, the joint creator of ETH and Cardano released an ask-me-anything session on YouTube. Hoskinson elaborated how fast the immediate wave of progress for cryptocurrencies is happening in the financial world. He praised Wyoming as a place to keep an eye on, noting the fantastic steps the state is taking towards the development…

IBM plans to develop a  blockchain-powered proof-of-concept (POC) for the Food Safety and Inspection Service (FSIS). The purpose of the PoC, in this case, is to enhance the export certification process. FSIS ensures that the US commercial supply of meat, poultry, and egg products reaches safety standards. Additionally, this agency observes the inefficiencies in a legacy system involving regulatory processes and complex multi-country documentation requirements. Why FSIS Needs a Blockchain-based PoC According to FSIS, its focus is on the modernization…

As the crypto market continues to reach new heights, it's more than just investors interested in the power of blockchain technology. Governments and critical financial institutions recognize the benefits of cryptocurrencies, such as higher efficiency and streamlined payments. As such, Central Bank digital currencies (CBDCs) have started to emerge across the globe. A recent survey revealed that around 10% of central banks are on the verge of issuing some form of centralized cryptocurrencies. Unlike cryptocurrencies designed to provide a reliable…

A new report suggests that the healthcare sector is ready to harness the benefits arising from the adoption of Blockchain technology. The Report by TMR Research acknowledges that the sector doesn't feature readily when considering those likely to integrate Blockchain solutions. However, it asserts that the revolution is imminent. It further states that the change would impact every aspect of the sector. Global Effort for Adopting Blockchain in Healthcare Additionally, the report went on to identify key players pushing for…

Last year, Australia’s Ministry of Industry, Science and Technology, and Ministry of Trade Tourism and Investment announced an upcoming national blockchain strategy and roadmap. Recently, the Australian government announced the launching of its national blockchain roadmap. This blockchain roadmap aims at revolutionizing Australia’s blockchain industry. The roadmap contains the benefits of allowing blockchain technology within different sectors. The sectors prioritized are finance and banking. As per the national blockchain roadmap, a yearly business value of more than $175 million could…

On the 28th of January, PSG pointed out that its fan token is now available on Socios blockchain platform. People holding PSG fan token can use it to vote on an inspirational message to appear on the captain’s (Thiago Silva) armband on the pitch. Another token offered on Socios is an AR token hunt game for Chiliz and CH2 and may be consecutively used to purchase PSG’s fan token. Team supporters can use the fan token to vote in various…

Recent statistics provided by LongHash says that more than 26000 blockchain firms are operating in the country, and close to 80000 are legally registered companies. Guangdong province has the most blockchain companies, having 22 636 registered and operating firms in the province. Recently, the government of Guangdong province adopted a blockchain-based financing system. Additionally, there are over 5300 and 5000 blockchain firms registered and operating in Yunnan and Guangxi provinces. More Statistics on Crypto-Related Firms in China In 2018, the…