Posts in category

Blockchain Technology


The Chinese government moving to make blockchain literacy the norm across public offices with the publication of an explainer for officials and members of the Communist Party. Released by the publishing house of the People’s Daily – the party’s news outlet – the book is titled “Blockchain – A Guide for Officials”, according to a …

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Technology giant Tencent is trialing a new blockchain-based feature on its popular WeChat messaging app that is aimed to speed up the reimbursement of expenses for company employees. According to a blog post published on Friday, Tencent has piloted the application at a local restaurant in Shenzhen, China, where a user paid the bill through its …

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The World Bank Group has partnered with the Commonwealth Bank of Australia (CBA) to issue a bond using blockchain. The CBA, one of the “Big Four” commercial banks in Australia, said in a release on Friday that it had won a mandate from the World Bank to arrange the issuance of the bond, which will …

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A number of financial regulators from across the globe are forming a new alliance to facilitate the growth of financial technologies such as blockchain and distributed ledger technology (DLT). The U.K.’s Financial Conduct Authority (FCA), which spearheaded one of the world’s first fintech sandbox programs, announced the Global Financial Innovation Network (GFIN) initiative on Tuesday, …

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West Virginia is rolling out a blockchain-based mobile voting app to all of the state’s 55 counties so that military personnel stationed abroad can more easily cast their ballots in the midterm elections. CoinDesk previously reported that the state piloted the blockchain app in May for deployed military staff and their dependents from Harrison and Monongalia …

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Officials from West Virginia are bringing a blockchain-based mobile voting app to all 55 counties in the state in a move aimed to allow absentee voters in the military to cast ballots remotely in the midterm election. CoinDesk previously reported that the state piloted the blockchain app in May that allowed deployed military personnel and their …

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A publicly traded biotech giant based in South Korea is turning to blockchain to allow it to share genetic data without risk of hacking or infringement of patients’ privacy. Macrogen, a DNA sequencing service provider with headquarters in Seoul, said in a press release on Monday that it is working with Big Data firm Bigster to develop …

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Researchers from one of the top universities in China say they have developed a decentralized exchange, not for crypto assets, but for unused power A patent application filed by team from China’s Fudan University in January and revealed on Friday sets out the workings of a blockchain-based electricity exchange that assigns power sellers and buyers as …

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The state-level Chinese government agency responsible for censoring media output in the country may soon have a cryptographer on the payroll – and with expertise in blockchain technology. The research center of the State Administration of Press – which is directly administrated by the State Council – is looking for a cryptographer who “keeps abreast …

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The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of …

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The Agricultural Bank of China (ABC), one of the world’s largest banks by total asset, has completed the issuance of a loan worth of $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan that is backed by …

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A Dubai-based international court dealing with civil and commercial disputes in the financial industry is planning to launch what it calls a “Court of the Blockchain” to streamline legal operations. The Dubai International Financial Center (DIFC) Courts announced on Monday that it is teaming up with the government-backed Smart Dubai initiative to form a task …

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On the back of China’s most recent pharmaceutical scandal, stock investors are buying into a public company’s claim to be developing a blockchain for tracking vaccines – but not everyone is happy about it. As reported by CoinDesk earlier this week, following a vaccine data scandal exposed last weekend, the Chinese crypto community weighed in …

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KT Corporation, one of the two largest telecoms companies in South Korea, has launched a proprietary blockchain network, aiming to apply the technology across areas including ID verification, data roaming and energy trading. According to a report from CoinDesk Korea, the firm revealed its KT Network Blockchain on Tuesday, boasting a throughput of 2,500 transactions …

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Major airline Lufthansa has partnered with software giant SAP to launch a blockchain competition aimed to boost blockchain adoption in the airline industry. Announced Friday, the Aviation Blockchain Challenge seeks “groundbreaking ideas” for blockchain applications that can advance the airline industry and lead on to pilot programs assisted by Lufthansa and SAP. The initiative comes as …

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A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create a system that allows multiple parties …

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Barclays Bank may be looking to blockchain to streamline fund transfers and know-your-customer processes, according to newly-released patent applications. The U.S. Patent and Trademark Office published two applications by the U.K.’s second-largest bank Thursday, both of which revolve around account security. Perhaps most notably, however, was an application for a patent which outlined a blockchain-platform …

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The U.S. Department of Energy (DoE) has announced it will award a grant of nearly $1 million to a blockchain startup in an effort to advance the development of a decentralized energy grid infrastructure. The Colorado-based Grid7 is among the 95 grant recipients announced by the DoE on Monday, who won the agency’s second phase Small …

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The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher. Dubbed “the most brutal exam in the world of finance” by Business Insider, the three-part test covering several different areas of finance – all with a heavy focus on ethics – is about to add topics on cryptocurrencies and …

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A self-regulatory organization in Thailand is planning a custom token aimed to speed up corporate bond settlement in the country. The Thailand Bond Market Association (TBMA) said it has received the green light from Thailand’s Securities and Exchange Commission to develop a private blockchain that will be only accessible for parties in the bond market, …

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