Sri Lanka’s Hatton National Bank, Infosys Finacle Partner For Blockchain Trade Finance Network

Infosys Finacle has teamed with Sri Lanka’s Hatton National Bank (HNB) to enable a blockchain-based domestic and cross-border trade finance network using Finacle Trade Connect. Finacle is a core banking product developed by the Indian corporation Infosys that provides universal digital banking functionality to banks. It is part of EdgeVerve Systems Limited, a wholly owned…

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Blockchain AI Startup SingularityNET Partners with China’s Insurance Giant Ping An

SingularityNET, a startup developing a decentralized artificial intelligence (AI) network, has announced a partnership with Ping An, the world’s largest and most valuable insurer and one of the biggest investment and asset management companies. The partnership will begin with a focus on three main areas: optical character recognition (OCR), cross validation (CV), and model training,…

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IBM And Stellar Partnership Aims To Revolutionize Cross-Border Banking

IBM’s head of blockchain solutions Jesse Lund has just confirmed that they are preparing for a massive announcement about the World Wire platform which uses the Stellar decentralized protocol to power cross-border payments. Stablecoins’ utility Lund told Cheddar that banks are interested in using stablecoins to move money across the globe. In comparison with traditional…

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Bumble Bee Foods, SAP Partner To Track Fresh Fish From Ocean To Table Using Blockchain

Bumble Bee Foods, North America’s largest branded shelf-stable seafood company, is using software giant SAP‘s blockchain-as-service platform to trace the journey of yellowfin tuna from the Indonesian ocean to the dinner table. Called SAP Cloud Platform Blockchain, the platform allows corporate customers to develop new applications and networks and extend existing apps to apply blockchain…

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Kakao’s Blockchain Subsidiary Ground X Raises $90M USD In Private Coin Offering

Ground X, the blockchain subsidiary of South Korean chat giant Kakao, has raised $90 million in a private coin offering. Established in March 2018, Ground X developed a blockchain platform, called Klaytn, the provides an enterprise-friendly development environment, optimized computation speed and scalability, as well as UX / UI that is convenient for general users….

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Proof of Work vs. Proof of Stake – BTCMANAGER

Over the past few years, awareness of blockchain technology has grown exponentially. Major institutions and key figures in business and politics are now aware of the technologies potential to decentralize our global financial and economic systems. Following Protocol The long-term goal of cryptocurrencies and blockchain technology has been to achieve the coveted status of mainstream…

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Popular Telegram Channel Author Dumps TON Wallet Interface on YouTube

A number of crypto outlets in the Russian-language sectors of the Web have published several articles and comments about a YouTube video purportedly showing what can be identified as the new Telegram Wallet interface. We have to admit it looks cool — though as yet, Telegram has not confirmed the video is authentic. Also read: Coinbase…

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Embleema, Gustave Roussy Partner On Healthcare Blockchain Initiative To Accelerate Cancer Research

Healthcare blockchain network Embleema has partnered with European cancer center Gustave Roussy Institut to improve transparency, trust, patient safety and patient engagement in oncology clinical trials. Embleema helps patients and pharma accelerate the availability of new treatments, by fast-forwarding the exchange of data from the real world. The company’s platform, called PatientTruth, stores and distributes electronic…

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Blockchain Platform ThunderCore Raises $50M USD In Funding

Blockchain firm ThunderCore has managed to raise $50 million in its latest funding round. The funds came from several recognized investors in the US and Asia, including Pantera, Huobi Capital, MetaStable, ZhenFund, Electric Capital, Arrington XRP Capital, FBG, Hashed, Kinetic, SV Angel. Founded in 2017, ThunderCore claims to be a fast, high performance Ethereum virtual…

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India: Blockchain Solution Curbs Spam Phone Calls and Messages – BTCMANAGER

Indian IT solutions and services company, Tanla Solutions, has launched a blockchain-powered commercial communication solution to help users avoid fake and spam calls and messages. This according to a report by BusinessLine, February 26, 2019. Say Goodbye to Fake Calls and SMS Blockchain’s cutting-edge security makes it a useful tool to verify the legitimacy of…

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Tech Business Leaders Name IoT Processes As Blockchain’s Greatest Disruptor: KPMG Study

Technology executives expect the Internet-of-Things (IoT) processes (27%) to be one of the greatest blockchain disruptors over the next three years, followed by trading (22%), reduced cyber risk (20%) and contracts (18%), found a new study by KPMG. “The technology executives we work with are also exploring the convergence of IoT, artificial intelligence (AI) and…

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Crypto Mining Evolution: The Return of Solo Miners

Cryptocurrency mining has evolved significantly throughout the years, from what was once a unique hobby to what is now a much more profitable practice. There has been an increase in commercial mining rigs over the past few years, with over 100,000 people contributing to crypto mining on a global scale. Rewinding 10 years, you could…

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Telefónica, Wibson Partner To Trial Blockchain Consumer Data Marketplace

Spanish multinational telecommunications giant Telefónica is collaborating with blockchain consumer data marketplace Wibson to trial a data verification capability that validates the authenticity of consumer data in its system. Wibson is a project from the team behind Grandata whose mission is to create a trusted universal data platform that maximizes value for both individuals and…

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Blockchain Startup Band Protocol Raises $3M USD In Seed Funding Led By Sequoia India

Blockchain startup Band Protocol has raised $3 million in a seed funding round led by Sequoia India. The round also saw participation from Dunamu & Partners, an investment arm of Korean FinTech firm Dunamu, and SeaX, a VC fund that invests in tech companies. Band Protocol is a permissionless blockchain protocol to create token-curated communities,…

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Baidu Launches Blockchain Engine for dApp Developers – BTCMANAGER

China’s search engine giant, Baidu, has launched the Baidu Blockchain Engine (BBE), an operating system based on Artificial Intelligence, Big Data, and Cloud Computing, which will enable developers to design decentralized mobile applications in an easier and faster way, according to a press release published February 14, 2019. Developer-Friendly Per the report, Baidu has launched Baidu…

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Italian Banking Association’s Interbank Blockchain Project Enters Pre-Production Phase

The Italian Banking Association (ABI) has announced that its blockchain interbank reconciliation project is moving into the pre-production phase. First announced in June 2018, the Spunta Project intends to bring more visibility to exchange of interbank transactions, verifying the matching of correspondent accounts and highlighting discrepancies for automated remediation. The project, which is being coordinated…

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Adoption and Usefulness of Blockchain Integration Services

Over the years, Bitcoin has undergone a rock-star like persona; the poster child of the digital currency revolution. Cryptocurrencies have been raucous, due to the massive 4,500% surge in market capitalization between early 2017 and January 2018. This additionally catapulted the crypto sphere into a $138.6 billion market. The industry’s big brothers have been quite…

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Massive Digital Attraction of Major Auditing Firms

The cryptocurrency sector has elicited massive interest from different parties worldwide. Top professional auditing firms are hiring more specialized staff to respond to new products and service provision in the industry. The auditors have realized the huge opportunities connected with digital currencies and blockchains. Despite the current bearish market, major accountancy firms, including Ernst&Young, PwC,…

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Could Blockchain Be the Solution for SME Funding Woes?

The difficulties for small and medium enterprises (SMEs) accessing traditional trade finance products, specifically in emerging markets, is well known. Could blockchain technology help solve the SME exclusion problem in the trade finance space? Also read: Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? Bridging the SME Gap with Blockchain? Some Banks Think It’s Possible…

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Samsung Galaxy S10 Could Expose Crypto to Millions of Users

This week, images were leaked potentially giving the world its first glimpse at South Korea-based tech giant Samsung’s flagship smartphone, the Galaxy S10. Among the images, was evidence that Samsung could be ready to launch a crypto wallet to store cryptocurrencies like Ethereum, and a blockchain explorer service called Samsung Blockchain KeyStore. While the leaked…

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