Sun, April 14, 2024

Blockchain

: Stocks in Asia

China Pilots the Development of Blockchain

Some of the critical areas of blockchain development include manufacturing, services, government data sharing, energy, law enforcement, criminal litigation, taxation, inspection, and cross-border finance. The Chinese Cyberspace Administration announced the launch of an internal effort to accelerate the development and innovation of blockchain in 164 units in 15 zones. The initiative aims to introduce blockchain …

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How might the forex market utilize blockchain technology?

How to Use Blockchain to Improve Efficiency

Blockchain technology has readily evolved over the past decade since the advent of Bitcoin in the year 2008. Bitcoin became the first-ever decentralized peer-to-peer electronic cash. Today, a number of innovators and entrepreneurs in different fields have already started to realize the technology behind the same. It is precisely the reason why several sectors are …

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Why is the Future of Credit on Blockchain?

Why is the Future of Credit on Blockchain?

Forecasts show that blockchain will revolutionize various processes. Its features and innovative functionality are gradually changing pre-existing systems — and credit scores aren’t any different. According to FICO’s ratings, the average American’s credit score is 703, which is ‘good.’ Credit score calculations rely on several variables concerning your credit history. They include a number of open …

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NFTs enable collectors to buy digital art using blockchain

NFTs enable collectors to buy digital art using blockchain

NFTs are non-fungible tokens, which caused much bustle on the market over the last month. While people use other digital coins for different purposes, NFTs only give holders ownership over digital artwork or collectibles. However, some experts think that with these tokens, customers will soon be able to buy nondigital art pieces artwork as well. …

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Blockchain and new opportunities

Importance of the Swiss Blockchain Law

Switzerland is willing to embrace new technologies. It is worth mentioning that phase one of the Swiss blockchain law covering company reforms went into effect on Monday. As a reminder, several months ago, the country’s parliament passed an expanded regulatory framework for crypto as well as blockchain technology in the country. People should take into …

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blockchain and new opportunities

Blockchain Security Firm, Report, and Interesting Details

Cryptocurrencies gained popularity in different parts of the world, as in the case of fiat currencies there are certain challenges as well. Unfortunately, there are a lot of crypto-related crimes and it is quite hard to investigate such cases. Hopefully, crimes targeting cryptocurrencies fell by more than half in 2020, based on the information provided …

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Europe Adds Penalties, Russia's Energy Exports Scrutinized

Russia’s Second-Largest Bank and a Blockchain-Based System

Recently, Russia’s second-largest bank VTB Bank piloted a new blockchain-based system to issue bank guarantees. It is worth mentioning that, VTB Bank provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider MTS.  People should take into account that, the bank issued MTS a guarantee for the fulfillment of payment obligations worth …

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Thailand's Tourism-Dependent Economy Will Rise In Q4

How Thai Authorities Plan to Use Blockchain Technology

Authorities not only in Thailand but other countries as well are working hard to cope with various illegal activities. It is worth mentioning that the country’s tax collection agency will use blockchain technology to streamline tax payments in 2021. Interestingly, the Excise Department will use this technology to improve its revenue collection instead of actually …

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How Close is Russia to a Complete Default?

Russia’s One of Largest Banks and a Blockchain Platform

Alfa-Bank is one of the largest private banks in the Russian Federation and this fact once more underlines the strength of this bank. The bank made an interesting announcement on December 1. According to the announcement, Alfa-Bank will use blockchain-based applications to automate services for freelancers as well as well-employed workers. It is worth mentioning …

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Australia and blockchain technology

Australian Border Force and Blockchain Technology

Private as well as governmental organizations started to embrace blockchain technology. This week, the Australian Border Force (ABF) launched a blockchain trade trial in cooperation with Singapore Customs as well as the Singapore Infocomm Media Development Authority. The purpose of this collaboration is to test digital verification systems.  According to Michael Outram who serves as …

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Blockchain and property ownership

How Blockchain Technology Helps to Save Lives

The civil war in Syria started in 2011 and unfortunately, many people lost their lives. Moreover, millions of people left their home country and settled around the world. Hopefully, an app developed by Hala Systems called Sentry helps to save lives. This app provides a crowdsourced and sensor-driven early warning system against airstrikes. The history …

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HSBC and blockchain

Historic Moment for HSBC Bank Bangladesh

Banks around the world are working hard to integrate new technologies. It was a historic day for HSBC Bank Bangladesh which is part of the global banking firm HSBC. It is worth mentioning that, Bangladesh branch of HSBC conducted the country’s first blockchain-based letter of a credit transaction on the Contour DLT platform. Interestingly, the …

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Russia and blockchain

Russian Private Bank and a Blockchain Trade Finance Network

One of the largest private banks in the Russian Federation made an important decision, by joining a blockchain trade finance network backed by HSBC. According to the official announcement, Alfa-Bank became a member of Contour. It is a blockchain platform connecting famous financial institutions, like HSBC, ING, and Citi.  It is worth mentioning that Alfa-Bank …

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two digit code snippets, blockchain

Famous Chemical Producer, Blockchain, and New Opportunities

Companies around the world are working hard to utilize new technologies. Interestingly, China’s one of the largest chemical producers launched a new Blockchain Warehouse Receipt Platform, to help the industry. It will be able to reduce costs related to operations as well as to improve trade financing. Increased demand for more environmental and safety measures …

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