BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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The largest courier operator in the world, United Parcel Service (UPS) intends to use blockchain technology to improve its logistics activities. The US Patent & Trademark Office (USPTO) published on August 16 a patent submitted by the delivery giant United Parcel Service (UPS). According to the document entitled "Autonomous services selection system and distributed transportation [...]
Despite the fact that the cryptocurrency space faces numerous barriers in South Korea, blockchain technology seems to be in the top of government interests. South Korea has announced it will allocate more than one trillion won - nearly $ 880 million to explore blockchain technology, AI, and sharing economy. As written in the official press [...]
A regulatory body of Saudi Arabia has issued a notice that recalls cryptocurrency trading is still illegal throughout the country. According to a notice published on Sunday, the standing committee has clarified that virtual currency trading is illegal in Saudi Arabia due to "negative consequences and high risks on traders as they are out of [...]
An Australian bank intends to integrate bonds on a blockchain-powered protocol. The world's first "Blockchain Bond" will be developed by the Commonwealth Bank of Australia. The bond, recognized as a bond-i or "Blockchain Offered New Debt Instrument", will become the first of its kind to be operated using blockchain technology. Representatives of the Commonwealth Bank [...]
Blockchain technology continues to draw the attention of investors. A Chinese subsidiary of the insurance provider ZhongAn Insurance tracks data of 760,000 diamonds using a blockchain-powered system. Founded in 2016, ZhongAn Technology is an "independently-developed blockchain platform" registered under the supervision of parent firm ZhongAn Insurance. The company announced on August 7 the release of [...]
A Ukrainian official is exploring the way blockchain technology could be integrated into the election system. Oleksandr Stelmakh, a member of the Ukraine Central Election Commission, commented on August 7 via his Facebook page about the current blockchain-powered trial. The project began in July after Stelmakh inspired several friends to take part in a "test [...]
Maerki Baumann Private Bank based in Zurich revealed it will offer support for cryptocurrency. Switzerland is known as a crypto-friendly country, and the fact that another financial giant is entering the crypto sector is once again demonstrating its intentions. Last year, Falcon Private Bank, a Swiss financial institution, was among the few banks that believed [...]
Nine financial institutions are involved in a trial project dedicated to Distributed Ledger Technology (DLT)-powered programs. A project based on DLT protocol brought together nine banking giants whose targets resemble. As reported by Financial News, the LedgerConnect project developed by processing company CLS in collaboration with tech giant IBM, began the trial period. LedgerConnect is a [...]
The medical sector doesn’t stay behind the modern technology. More and more individuals are interested in integrating blockchain technology into the healthcare system. Whether we are talking about the logistics of medicines or medical treatments- experts see a suitable solution in blockchain technology. One of the latest projects that drew the attention of the media [...]
Gibraltar United will become one of the first football teams to pay its players in cryptocurrency till the next season. The owner of the football team based in Gibraltar and an investor in Quantocoin revealed a new collaboration which implies besides the basic obligations that all footballers will be paid in cryptocurrency until next season. [...]
Korean giant Samsung denied the collaboration with Lithuanian blockchain-based startup CopPay on accepting cryptocurrency payments. As reported on 20 July by TheCCpress, "Lithuanian company CopPay announced [today] that citizens based in Tallinn, Riga, Vilnius, and Kaunas will soon be able to acquire Samsung products, including smartphones, tablets, laptops, TVs, and others with crypto assets". It seems [...]