Tokio Marine & Nichido, NTT DATA Complete PoC Of Marine Cargo Insurance Claims Using Blockchain

Japanese insurance firm Tokio Marine & Nichido Fire Insurance and Japanese IT services provider NTT Data have successfully completed a blockchain proof of concept (PoC) for marine cargo insurance claims. The blockchain PoC involved eight overseas claims settling agents and surveyors on three continents – Europe, America and Asia. The key objective of the trial…

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Singapore Gov't Develops Blockchain Based Security Token System

An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms. Simplifying Post Trade Processes In a joint release over the weekend the MAS and SGX stated “This will…

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Kaleido Partners with Amazon to Launch Ethereum Marketplace for Enterprises | BTCMANAGER

Kaleido, a startup that helps enterprises implement blockchain technology, has launched a new full-stack Ethereum marketplace platform in collaboration with ConsenSys and Amazon Web Services, the company announced in a press release on November 8, 2018. Kaleido Blockchain Marketplace with Plug-and-Play Services and Partnership Program Kaleido has announced the launch of the first full-stack platform…

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Seagate, IBM Partner To Combat Global Hard Drive Counterfeiting Using Blockchain

Data storage solution provider Seagate and tech giant IBM have joined forces to fight counterfeit hard drives using blockchain and security technologies. The project will combine IBM’s blockchain latform with Seagate’s advanced “electronic fingerprinting” and product tracking to help prove provenance over hard drive life cycle. The goal is to help manufacturers, integrators, and business…

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VersaVault Initiates Commercialization Of Its Safety Deposit Box For Cryptocurrency

VersaVault, a subsidiary of Canada-based all-digital bank VersaBank, has successfully completed beta testing for its blockchain digital safety deposit box and is initiating commercialization of its services. First announced in January of this year, VersaVault’s digital safety deposit box will enable the bank’s customers to easily, safely, and privately store their digital valuables, including cryptocurrencies,…

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Korean Bar Association Pressures South Korean Govt For Crypto Framework

The Korean Bar Association (KBA) is urging the South Korean government to quickly establish a legal framework to help develop the local crypto industry and protect investors. In a news conference at the Korean parliament, the KBA, which is comprised of 23,557 attorneys and 1,353 law firms, has appealed to the government to promptly institute…

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Crypto give-away bonanza at this year’s Web Summit

Attendees at Europe’s largest tech event not only have the chance to enjoy four days of inspiring talks, shared insights, and new connections, they can also go home with free crypto. This year’s Web Summit conference sees over 69,000 attendees from 159 countries gathered in Lisbon to hear over 1,200 speakers.  With 1,800 start-ups, 1,500…

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Bitfury Raises $80 million from Korelya, Macquarie, Mike Novogratz

Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance group MACSF and Mike Novogratz’s digital asset…

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Whiteblock Study Questions EOS, Says Its Blockchain Is Not Immutable

A new study funded by ConsenSys and done by Whiteblock, a company that reviews blockchains, has announced its findings on EOS, calling into question whether it is a cloud service or blockchain. The benchmark testing results claim that the EOS software supports a much lower transaction throughput than advertised, and says the system is not…

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HSBC Facilitates India's First Blockchain Trade Finance Transaction

HSBC recently facilitated India’s first blockchain trade finance transaction. This development reinforces the narrative that despite the negative stance towards cryptocurrency in India, there is some focus on the benefits of blockchain technology in the country. Details of the Transaction According to The Times of India, the British Banking behemoth recently executed a trade finance…

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Azerbaijan Wants to Adopt Blockchain on Ministry of Justice Databases

Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies. Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on the information systems and registries of the Ministry of Justice. Azerbaijan Government Eyes Blockchain Application on Notaries, Courts, Penitentiaries, NGOs, Registries The Azerbaijani Internet Forum is…

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JP Morgan Using Ethereum-Powered Blockchain for Tokenizing Gold

One of the largest banks in the world, JP Morgan, is using an Ethereum-based blockchain, Quorum, to tokenize assets like gold.  Quoram Enterprise Blockchain JP Morgan, the New York-based investment bank, is using a blockchain platform to tokenize gold. The system enables sustainable miners to earn a premium on global markets. According to the Australian Financial…

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Israel Blockchain Assn. Creates Third Review Of Operations In The Nation

The Israeli Blockchain Association has created its third startup map, an outline that covers more than 200 organizations operating in the industry. The majority of the blockchain Israeli startups are concentrated in the FinTech sectors (57 companies) and protocols and central infrastructure (37 companies). A large increase was also observed in the security sector, which now has 23 new companies….

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ICON Showcases Three Blockchain Services For Seoul Residents

Blockchain startup ICON, in partnership with the Seoul government, has demonstrated the three main components of its blockchain platform. ICON is building a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. The company is vying to be the first to connect South Korea through a massive-scale blockchain….

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Cyprus Collaborates With VeChain And CREAM For Blockchain Development

Invest Cyprus has teamed with blockchain startup VeChain and blockchain advisory firm CREAM to explore blockchain use cases in Cyprus. Invest Cyprus is a non-profit national body and the government’s dedicated partner responsible for attracting and facilitating foreign direct investment (FDI) in key economic sectors. It promotes the enhancement of the country’s competitive environment, advocating…

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GE Power Joins Blockchain Study To Explore Its Potential In Virtual Power Plants

Energy techniques company GE Power has joined a blockchain study to evaluate the use of the technology for energy industry applications. GE Power, owned by General Electric, is the largest energy techniques and selling energy company in the world. The company’s portfolio includes gas and steam turbines, distributed power, wind and renewable energy, nuclear energy,…

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Chinese Ecommerce Giant JD Launches Blockchain Research Lab

While China is known for its rather unfriendly stance toward cryptocurrencies, the situation is significantly better when it comes to blockchain technology. Numerous companies, influential individuals, and even the country itself recognize that this is the technology of the future. As such, they are very supportive of it and eager to expand it further and…

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Blockchain Solar Energy Marketplace Launched By Singaporean Utility SP

Singapore-based utility giant Singapore Power (SP) has created a blockchain-powered maketplace for renewable energy certificate (REC). SP, one of the largest corporations in Singapore, provides electricity and gas transmission, distribution services, and market support services to more than a million customers. Since 1995, SP has been wholly owned by Singapore investment fund Temasek which in…

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Dutch Financial Giants Partner to Test Blockchain Solutions for Securities Settlements | BTCMANAGER

Deutsche Bundesbank and Deutsche Börse recently announced they were joining forces to test blockchain-based solutions for securities settlement based on blockchain technology, as noted on a press release on October 25, 2018.  Dutch Banks Join Forces The two banks are going on trial to test the blockchain’s technical feasibility to be used for solutions that…

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Brickblock, JTC Partner On Blockchain Real Estate Investment Platform

London Stock Exchange-listed JTC has teamed with blockchain real estate startup Brickblock to launch a blockchain platform for cross-border real estate investment. Established in 1987, JTC provides fund, corporate, and private wealth services to institutional and private clients in Africa, the Americas, the Caribbean, the Channel Islands, Europe, Isle of Man, and the UK. The…

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