New Crypto Backed by Gold and Silver Can Now Be Used to Buy Tickets to Sport Events
New Crypto Backed by Gold and Silver Can Now Be Used to Buy Tickets to Sport Events

An “evolutionary” monetary system that uses physical gold and silver as the basis for digital currencies has unveiled a series of partnerships as it works to increase participation in its platform and gain support from governments.

Kinesis argues that backing cryptocurrencies with precious metals help to reduce the “severe price … Read the rest

India: Ernst & Young To Hire Over 2000 Employees To Work On Blockchain, AI
India: Ernst & Young To Hire Over 2000 Employees To Work On Blockchain, AI

“Big Four” auditor Ernst & Young will hire 2,000 employees in India to expand its digital solution services across blockchain, artificial intelligence (AI), automation and tax technologies. EY is planning on recruiting the required new talent over the next three years, in parallel to its global plans to invest $1 … Read the rest

Chinese City in Hunan Province Launches Blockchain Platform for Real Estate Data
Chinese City in Hunan Province Launches Blockchain Platform for Real Estate Data

The Chinese city of Loudi has launched a blockchain platform to store real estate data. The platform is backed by land, tax and real estate departments in the city, which is located in central Hunan province. Starting Nov. 15, the new system will let citizens avoid lines and other bureaucratic … Read the rest

South Korean Hospital to Use Blockchain Tech for Medical Information Services
South Korean Hospital to Use Blockchain Tech for Medical Information Services

South Korea’s largest hospital organization, Myongjo Hospital has partnered with local tech company BICube to develop a medical services platform based on blockchain technology. It is understood that a Memorandum of Understanding (MoU) has been signed by both the parties. The two parties plan to use blockchain technology to create … Read the rest

HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL
HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction. The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL to U.S. client Tricon Energy, … Read the rest

GE Wants to Build Virtual Power Plants Using Blockchain
GE Wants to Build Virtual Power Plants Using Blockchain

GE is investigatingblockchainto potentially incorporate the technology into a virtual power plant offering, likely delivered via the company’s Predix platform. According to Steven Martin, GE Power’s chief digital officer; the move was in response to a general trend away from large central generating plants and toward distributed generation. GE has … Read the rest

StarkWare Raises $30 Million to Solve Blockchain Privacy and Scalability Issues

StarkWare, an Israel-based blockchain specialist which commercializes a zero-knowledge proof system, has secured $30 million from high profile names within the cryptocurrency ecosystem, including Consensys, Coinbase Ventures, Intel Capital, Pantera, and Sequoia. Netanya-based StarkWare Industries, which was founded in early 2018 to develop its “full proof stack for the STARK … Read the rest

Visa Partners With IBM To Launch Blockchain-Based Digital Identity System In Q1 2019
Visa Partners With IBM To Launch Blockchain-Based Digital Identity System In Q1 2019

Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019. The system, dubbed Visa B2B Connect, will provide a blockchain-based digital identity solution for financial institutions to securely process cross-border payments. The system reportedly tokenizes sensitive business data – such as … Read the rest

Companies On A Mission To Add More Blockchain Engineers To Their Roster
Companies On A Mission To Add More Blockchain Engineers To Their Roster

Since the end of 2017, the demand for Blockchain based Engineers has grown by a massive 400%. And it doesnt end here, companies are also willing to pay whatever it takes to get the right candidates on board. A recent survey revealed that the average earnings of blockchain engineers have … Read the rest

Swiss Startup Aims At Creating Crypto Based Paypal Model To Facilitate Digital Transactions By 2019
Swiss Startup Aims At Creating Crypto Based Paypal Model To Facilitate Digital Transactions By 2019

A Swiss startup company is attempting to make using cryptocurrencies for online transactions as simple and safe as using PayPal. The main accusation of the mainstream media against crypto is that it is “a currency that is hard to spend.” Even though, according to CNBC, the total worth of Bitcoin … Read the rest

Donald Trump’s Former Economic Adviser Joins Blockchain Startup Board

Gary Cohn — former chief economic adviser to U.S. Pres. Donald Trump — has joined the board of advisers of blockchain-related tech company Spring Labs. In addition to serving in the Trump administration, Cohn has previously worked as COO of American banking giant Goldman Sachs, and most recently served as … Read the rest

BMW To Host Event For Blockchain In Auto Tech Tournament
BMW to Host Event for Blockchain in Auto Tech Tournament

The Mobility Open Blockchain Initiative (MOBI), and the Trusted IoT Alliance (TIoTA) have launched a tournament for blockchain applications in vehicles, according to an official press release. The new tournament entitled MOBI Grand Challenge reportedly intends to develop “the first viable” blockchain-powered network of vehicles and system to coordinate machines, … Read the rest

Opera Forms Alliance With Ledger Capital To Develop Blockchain Applications

Opera has partnered with blockchain advisory and financial services firm Ledger Capital to explore possible blockchain applications. The two companies are looking to investigate applications and use cases of blockchain and how the technology can be deployed within Opera products and its ecosystem. Opera became the first major web browser … Read the rest

Istanbul Inaugurates Blockchain Innovation Center

Turkey launched its first blockchain university, named the Istanbul Blockchain and Innovation Center (BlockchainIST Center) in an atempt to “close the expertise gap” so that the country can begin utilizing the technology across many industries. The center, located at Bahcesehir University, will facilitate academic studies by students and entrepreneurs, and … Read the rest

Alphabet Finally Embraces The Blockchain Revolution
Alphabet Finally Embraces The Blockchain Revolution

Google’s parent company Alphabet has finally come to terms, on adopting Blockchain Technology into their core processes. he Blockchain technology emerged in the past decade and has become increasingly embraced by large companies and small governments as a way to digitize records and simplify transactions. Since then, the technology spread … Read the rest

Journalism Is The Latest Field To Explore The Blockchain Platform
Journalism Is The Latest Field To Explore The Blockchain Platform

Blockchain-based media start-up Civil Media is launching its cryptocurrency CVL on August 13th. The company looks to sell a maximum of $34 million in CVL tokens, which will be valued at 27 to 94 cents each. The company has an ambitious plan to save journalism using blockchain technology and cryptoeconomics. … Read the rest

South Korea’s Largest Telecom Operator KT Corporation, Introduces Its Blockchain Network
South Korea's Largest Telecom Operator KT Corporation, Introduces Its Blockchain Network

State-owned KT Corporation, South Korea’s largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it “more secure and transparent.” With its new network, KT plans to allow its individual … Read the rest

Lufthansa Launches First Ever Aviation Blockchain Challenge
Lufthansa Launches First Ever Aviation Blockchain Challenge

An announcement made on July 20 from Lufthansa’s Innovation Hub has indicated that the company plan to launch the worlds first ever Aviation Blockchain Challenge. Over the past few years, we’ve seen blockchain technology slowly take hold in virtually all mainstream industries, and Lufthansa is aiming to apply the benefits … Read the rest

To Modernize Mineral Industry, Metals Exchange Forms A Blockchain Group
To Modernize Mineral Industry, Metals Exchange Forms A Blockchain Group

A Switzerland-based trading platform for metal concentrates is forming a blockchain consortium aimed to streamline supply chains in the minerals industry. Open Mineral – a startup established by a group of former employees from commodity trading and mining giant Glencore – said it has already started working with the ethereum … Read the rest

Google Failed To Capitalize On The Blockchain Rush
Google Failed To Capitalize On The Blockchain Rush

Speaking from a blockchain conference in Morocco over the weekend, Google co-founder Sergey Brin said the internet giant missed its chance to be at the forefront of blockchain technology. Brin, who currently serves as president of Google parent company Alphabet, joined blockchain technology leaders and researchers on a panel at … Read the rest