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Stablecoin and Its Potential Business Uses

Blockchain innovation has significantly changed the way we thought in the traditional financial sector. All of those concepts and business models, such as decentralization, cryptographic tokens, and digital ledger, also brought us more imaginations toward the future forms of money. Although we are still facing the disorder from the 2017–2018 ICO chaos and increasingly strict regulatory frameworks, … Continue reading Stablecoin and Its Potential Business Uses

Blockchain and IoT: Transforming Hong Kong into a Smart City

Blockchain and IoT: Transforming Hong Kong into a Smart City In December of 2016 the Hong Kong Government released the Smart City Blueprint with a vision to develop Hong Kong into a world-class smart city. The key aims of this transformation are to improve the connectivity, efficiency and environment of Hong Kong by leveraging advances … Continue reading Blockchain and IoT: Transforming Hong Kong into a Smart City

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

A report published on the Global Times on Nov. 7 stated that the Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services. This proposal was signed … Continue reading Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Leading Asian Fintech Company WeLab Completes the Largest Ever Fintech Fundraising in China

Leading fintech company, WeLab announced on Dec. 12 that it has raised US$156 million in Series C of strategic financing, becoming the largest fintech fundraising in China so far. WeLab was one of the first virtual banks established in Hong Kong, after receiving a virtual banking license from Hong Kong’s de facto central bank, the Hong Kong Monetary Authority … Continue reading Leading Asian Fintech Company WeLab Completes the Largest Ever Fintech Fundraising in China

Shenzhen Taxation Bureau to Launch New Blockchain Tax System with Ping An Group

Ping An Insurance and the Shenzhen Taxation Bureau in China signed an agreement to start using blockchain, artificial intelligence (AI), big data, cloud computing, and other technologies to develop a management platform for taxation for all types of taxpayers in the Greater Bay Area. The Shenzhen Tax Bureau and Ping An will be working closely together to jointly develop … Continue reading Shenzhen Taxation Bureau to Launch New Blockchain Tax System with Ping An Group

How Does Blockchain Enhance Traditional Project Management?

What is project management? Project management has to do with the process of planning, forecasting, setting up strategies to achieve a predetermined objective, and the execution of those strategies within the allowed timeframe, to achieve success. Project management is not a new concept; according to Project Management Institute, it has been in existence since the … Continue reading How Does Blockchain Enhance Traditional Project Management?

Hypervine Pilots Blockchain-Enabled Satellite Data Project to Curb Climate Impact of Mining Sector

Hypervine, a blockchain construction company based in Glasgow, Scotland, has revealed the launch of a blockchain-powered project that will utilize satellite data to boost efficiency in the mining industry. The innovative project will be funded by the European Space Agency (ESA). Unparallelled oversight via blockchain Hypervine seeks to deploy blockchain solutions to enable mining companies … Continue reading Hypervine Pilots Blockchain-Enabled Satellite Data Project to Curb Climate Impact of Mining Sector

China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank

China’s central bank has further galvanized its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday by the People’s Bank of China (PBoC) vice-governor Yifei Fan. A summary notice of the 2020 National Currency Gold Silver and Security Work Video and … Continue reading China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank

China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project. Mu Changchun, the Director-General of the … Continue reading China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

Bitcoin Price and the Global Financial Crisis: Everybody's Looking at the Wrong Markets

“There are decades where nothing happens, and there are weeks where decades happen.” – Vladimir Lenin We have had a few of those weeks. While the world’s financial system teeters on the edge of collapse and deflationary depression, the cryptosphere is hyping bitcoin as a way to capitalize on inflation from all the money that governments are printing in response. Talk about … Continue reading Bitcoin Price and the Global Financial Crisis: Everybody's Looking at the Wrong Markets