Search Results for: Electronic

Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus. Despite quarantine and several measures being actively employed to halt the spread of the virus in … Continue reading Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Chinese courts are adopting blockchain-based door seals that will optimize property security by enabling real-time video surveillance and sophisticated alarm systems. This move is intended to eradicate the conventional paper seals, which are not tamper-proof. Setting the ball rolling The Executive Bureau of the People’s Court in Beijing, China, set a precedent by using a … Continue reading Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

Thailand Blockchain Community Initiative (BCI) has joined hands with IBM to extend the scope and reach of the blockchain-powered electronic letter of guarantee (eLG) platform to businesses of all sizes. Since its inception in late 2019, the platform has handled guarantee letters worth nearly $300 million.  Time is of the essence The eLG platform’s popularity … Continue reading Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

AMC Theatres Accepts Crypto Payments to Purchase Electronic Gift Cards

AMC Theatres, America’s top theatre, first launched an electronic gift card that can be purchased with cryptocurrency. AMC Entertainment Holdings Inc is preparing for the full acceptance of cryptocurrencies for online ticket and concession payments by the end of the year. CEO Adam Aron announced on Twitter yesterday that customers can use BitPay wallets to … Continue reading AMC Theatres Accepts Crypto Payments to Purchase Electronic Gift Cards

Samsung Electronics to Use Blockchain in Climate-Focused Reafforestation Program

Samsung Electronics America has committed to the planting of 2 million Mangrove trees in Madagascar in a bid to advance its quota on the fight against climate change. Per the tech giant’s announcement, the initiative will be handled by Veritree, a startup that specializes in using blockchain technology to track every stage involved in the … Continue reading Samsung Electronics to Use Blockchain in Climate-Focused Reafforestation Program

U.S.-Based Crypto Exchange Gemini Gets Electronic Money License in Ireland

Gemini, a US popular cryptocurrency exchange established by the Winklevoss brothers, announced Monday that it has obtained an electronic money license from the Irish Central Bank. Therefore, the license is set to allow Gemini to issue electronic money in Ireland, just as it already does in the UK. The exchange will complement its new license … Continue reading U.S.-Based Crypto Exchange Gemini Gets Electronic Money License in Ireland

LG Electronics Expands Business in terms of Blockchain Technology & Crypto

As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter, according to local news outlet Korea JoongAng Daily.  During the company’s Annual General Meeting (AGM) held on March 24, shareholders approved these changes so that … Continue reading LG Electronics Expands Business in terms of Blockchain Technology & Crypto

LG Electronics to Roll Out Crypto Wallet

As a part of plans to expand its business scope to include platforms and software, South Korean tech giant LG Electronics is launching a crypto wallet application dubbed “Wallypto.” Hence, LG Electronics sees the creation of a virtual asset wallet as a stepping stone toward revamping its business portfolio that has traditionally leaned on hardware. … Continue reading LG Electronics to Roll Out Crypto Wallet

Samsung Electronics to Secure its Smart Gadgets With Blockchain-Based Solution

Multinational tech giant, Samsung Electronics has unveiled its plans to protect its connected devices using a Samsung Knox Matrix solution. As announced by the firm, the official unveiling of the advanced security solution which is based on blockchain technology will be revealed at this year’s Samsung Developer Conference (SDC). With people doing more work, and … Continue reading Samsung Electronics to Secure its Smart Gadgets With Blockchain-Based Solution

Samsung Secures $6.4 Billion in US Government Grants for Chip Manufacturing Expansion in Texas

Global leader in semiconductor technology Samsung Electronics recently revealed that it has obtained US government funds totaling $6.4 billion to expand its chip manufacturing facilities in Texas. The United States’ ability to produce chips domestically will be greatly enhanced by this huge investment, especially in sectors like aerospace, defence, and automotive. The 2022 Chips and … Continue reading Samsung Secures $6.4 Billion in US Government Grants for Chip Manufacturing Expansion in Texas

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