Bank of Lithuania Selects IBM and Tieto as Finalists for its Blockchain-Powered LBChain Project

Bank of Lithuania, the nation’s central bank, has chosen IBM, a technology titan, and Tieto, a leading Nordic software and services company, as the finalists in its blockchain-powered LBChain project.  On Oct 23, Fintech Futures revealed that both companies would enter the final level of the testing stage, and the winner will be announced as … Continue reading Bank of Lithuania Selects IBM and Tieto as Finalists for its Blockchain-Powered LBChain Project

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

eToro has proven to be a reckoning force in the multi-asset brokerage sector based on its popularity. It deals with crypto, free stock trading, and social trading.  The establishment of Central Bank Digital Currencies (CBDC) has gained a lot of traction in 2019. Moreover, Facebook announced its Libra Project in June, but it has become … Continue reading eToro CEO: Central Banks will Inevitably Establish Digital Currencies

India’s Tea Board Contemplates Using Blockchain to Stamp Out Tea Adulteration

Adulteration has been a menace in many sectors because the quality standard of a product is usually tarnished. Consumers are the primary victims of adulteration as they do not get value for their money.  India’s Tea Board seeks to mitigate the problem of tea adulteration by using blockchain technology as this will enhance consumers’ experience, … Continue reading India’s Tea Board Contemplates Using Blockchain to Stamp Out Tea Adulteration

The Faces Behind the Billion Dollar Bitcoin Futures Market

The Bitcoin (BTC) futures market has exploded like no one could have expected over recent years and it continues to grow. This summer, BitMEX hit a new all-time record for BTC futures trading at over $16 billion. CME recently petitioned the CFTC to double its BTC futures trading capacity in the face of soaring interest. … Continue reading The Faces Behind the Billion Dollar Bitcoin Futures Market

FCH Network Develops the Next-Generation Blockchain Alternative to Solve Current Problems of DLT

Blockchain technologies like Ethereum and Bitcoin have been rising rapidly in the last years. Generally, each could be seen as a separate step in the evolution of blockchain technology. Bitcoin that laid the foundation for blockchain technologies can be seen as blockchain 1.0. Its original blockchain support system has facilitated the evolution of further cryptocurrencies. … Continue reading FCH Network Develops the Next-Generation Blockchain Alternative to Solve Current Problems of DLT

NYSE Launches Shares of Pro Crypto Silvergate Bank for Trading

American Commercial bank Silvergate Capital, a bank focused on digital currencies, is now officially established on the New York Stock Exchange (NYSE), with an opening of $12.75. Parallel to the event was the celebration of its initial public offering (IPO), as per NYSE. This information was followed by Silvergate Capital’s announcement of the pricing of its … Continue reading NYSE Launches Shares of Pro Crypto Silvergate Bank for Trading

South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

The Centre for Affordable Housing Finance in Africa (CAHF) has teamed up with Seso Global, a blockchain property registry company, to develop the first-ever blockchain-powered property register in South Africa.  The pilot projectwill comprise of nearly 1,000 government-subsidized properties found in four sites in Makhaza, Khayelitsha. This means they are not yet registered on the … Continue reading South Africa Pioneers Blockchain-Enabled Property Register Pilot Project

Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients

The common use of the electronic patient record system enables opportunities to enhance health care through big data analytics, secondary use, and data sharing. However, this also creates more opportunities for inappropriate uses, data breaches, and privacy violations. For example, a decision to release or sell health data without informing patients is a breach of confidentiality. … Continue reading Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients

The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail

At least 30,000 coffee farmers have signed up for a blockchain-driven electronic-market platform since it was launchedby the Coffee Board of India (CBoI) in March.  Realistically, during its inception, this platform only attracted 23 farmers, and only 100 tonnes out of the country’s 320,000 tonnes of coffee generated in the 2018-19 period were sold through … Continue reading The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Governments across the world are beginning to explore the potential benefits of integrating blockchain-based applications into the public sector. Blockchain has the ability to record transactions on distributed ledgers. In this way, blockchain, therefore, provides new opportunities for governments to establish trust, prevent fraud, and improve efficiency. Such great benefits attract huge attention of governments … Continue reading Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

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