The Bank of Russia is reportedly creating a digital mortgage network based on a locally built blockchain platform dubbed Masterchain, as per state-owned media outlet Ria on May 28. According to the first Deputy Governor of the Bank, the blockchain platform has recently begun to support mortgages, which is the cornerstone of the impending platform. […]
Blockchain
Thailand to Leverage Blockchain to Promote Use of Green Energy
Australian blockchain company Power Ledger is teaming up with Thailand to leverage blockchain technology to set up a digital energy company in the Asian nation. Power Ledger announced on 25 May a new partnership with Thai Digital Energy Development (TDED) – a public-private joint venture – to develop Thailand ‘s digital energy platform. The new […]
Blockchain Payments System Being Launched in Cambodia
Southeast Asian nation, Cambodia is launching a blockchain payments system to enhance the use of the country’s fiat currency. The new blockchain network is set to improve the use of the country’s local fiat currency, scaling down the use of the United States dollar. Moreover, the new blockchain payments system will enable real-time payments, and […]
First Blockchain Iron Ore Transaction Initiated by BHP Group
Chinese steel mills aim to gain a greater say in the iron ore business by preferring Yuan-based settlements. On 13 May, the major mining company, BHP Group announced that it had completed its first vending of iron ore to Chinese Iron and Steel company, Baosteel, using Chinese currency. As per the announcement, the first blockchain […]
Blockchain-based Identity System for Autonomous Vehicles to be Introduced in South Korea
The South Korean government’s test center for key smart city fixes, Sejong City, announced on May 8 that it will launch a blockchain-based identity system for self-driving cars. According to Asian publication Aju Business Daily, the country’s Ministry of Science and ICT will oversee the creation of a blockchain-based identity system alongside the nation’s cybersecurity […]
Nasdaq collaborates with Blockchain Firm R3 for Digital Asset Management
The US stock exchange Nasdaq has entered into a long-term collaboration agreement with the enterprise blockchain firm R3, to create a full-spectrum digital asset marketplace. According to a press release on Wednesday (April 29, 2020), with a technology agreement with the R3 blockchain software firm, Nasdag will use the Corda Blockchain R3 to build its […]
IBM launches ‘Rapid Supplier Connect,’ a Blockchain Solution to Fight COVID-19 Critical Goods Supply Chain Shortages
IBM recently announced the launch of IBM Rapid Supplier Connect, a blockchain-based network designed to support healthcare organizations and government agencies to quickly identify and bring on board non-traditional suppliers who have volunteered to address the shortage of equipment, medical supplies needed for COVID-19 relief efforts. The network is also designed to help speed up the screening […]
China’s Blockchain Services Network ‘ChinaChain’ Launches for the Public
China’s dominance in cryptocurrency has been shown over the last few months as the country set out to create a completely new framework for decentralized applications and blockchain networks. The main focus of the country was to create its native blockchain network, which came to fruition last weekend. On April 25, the country launched the […]
Blockchain Technology and COVID-19: A Solution to a Crisis
The impact of coronavirus (COVID-19) is felt by all businesses, communities, and individuals around the world. More than 2.1 million people worldwide have been infected with COVID-19, and more than 180,000 people have died from the disease. It has changed our way of working, playing, socializing, and learning: schools are closing down, sporting events are […]
Longhash Ventures Aims to Combat Coronavirus with”Blockchain For Good”
The spread of coronavirus has resulted in a large number of companies and individuals stepping up to provide solutions. With globally positive cases expected to cross over 3 million in the near future, officials agreed that the collective effort of multiple industries was hour-by-hour. According to recent reports, Singapore‘s LongHash is hosting the ‘Blockchain for […]