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Blockchain Technology


Park Won-soon, the mayor of Seoul, has revealed a five-year plan to invest $108 million to make the South Korean capital a smart city powered by blockchain. In a speech during his visit to Zurich, Park announced last week that his Blockchain Urban Plan for 2018–2022 will cover 14 public services in five areas, with …

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Park Won-soon, the mayor of Seoul, has revealed a five-year plan that will invest $108 million to make the South Korean capital a smart city powered by blockchain. In a speech during his visit to Zurich, Park announced last week that his Blockchain Urban Plan for 2018-2022 will cover 14 public services in five areas …

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This post was originally published here September has been quite an eventful month, and there have been significant changes and events in many industries. However, it has been especially wild when it comes to weed stocks. On September 19th, Canada-based cannabis company called Tilray (TLRY) has seen a significant increase, going as far as 90%. …

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South Korea’s customs authority is looking to adopt Samsung’s blockchain tech as the backbone of a decentralized customs clearance system. Samsung SDS, the conglomerate’s IT arm, said on Friday that the Korea Customs Service has inked a memorandum of understanding (MoU) that will see Samsung’s Nexledger blockchain utilized for the new platform. Forty-eight domestic institutions, …

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Blockchain is able to fill in much of the $1.5 trillion-dollar supply-demand gap in global trade finance by easing financing for small- and medium-sized enterprises (SMEs) in emerging markets, new research says. Jointly conducted and released by the World Economic Forum and Bain & Company, the research indicates that, by deploying blockchain, global businesses can …

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Paris Saint-Germain (PSG), a major French soccer team in the country’s top league, is planning to issue its own cryptocurrency as a way to incentivize participation from its fans around the world. PSG, which boasts prominent players including Brazil star Neymar, announced a multi-year partnership on Tuesday with a Malta-based blockchain startup called Socios that …

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Australia’s New South Wales (NSW) government is turning to blockchain for a state-wide test of its driver license digitization program scheduled for November. In an announcement on Aug. 20, the NSW government said it will conduct the pilot for 140,000 license holders in the state prior to a formal roll-out in 2019. Secure Logic, an Australian …

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Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to the country’s Supreme People’s Court. The court released new rules on Friday – that take immediate effect – clarifying various issues relating to how internet courts in China should review legal disputes. Part of the new regulation specifies that internet …

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A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out. According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is …

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The South Korean government is literally doubling down on its effort to trial blockchain in the public sector, adding more projects and increasing available funds for 2019. The Korea Internet & Security Agency (KISA) – a sub-organization of the Ministry of ICT – has said it is aiming to increase the number of blockchain pilot projects …

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The Australian Securities Exchange (ASX) has pushed back the expected launch time of a blockchain network to Q2 in 2021 that is set to replace the country’s decades-old CHESS clearing and settlement system. The ASX published a new report on Tuesday in response to public feedback it had gathered that commented on a consultation paper …

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Major financial and technological enterprises from China and the U.S. are leading the global drive to develop blockchain applications, according to a new report that ranks entities by patents filed. The research, released Friday by iPR Daily, a media outlet specializing in intellectual property, shows that Chinese internet giant Alibaba tops the list with a total of 90 …

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A Japanese city government has become one of the first in the country to have tested a blockchain-based system that lets residents cast votes to select city development programs. The government of Tsukuba, a city known for its role in scientific development since the 1960s, completed the blockchain test on Aug. 28 with 119 votes …

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Cloud computing and virtualization firm VMware said Tuesday that it has developed an open-source blockchain infrastructure designed to be both scalable and energy efficient. Dubbed Project Concord, VMware’s blockchain aims to provide a base for blockchain implementations which can solve certain scaling issues by modifying the Byzantine Fault Tolerance consensus algorithm commonly found in blockchain …

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An Australian federal agency is developing a national blockchain that will allow businesses to carry out transactions based on smart legal contracts. The Commonwealth Scientific and Industrial Research Organization (CSIRO) said on Wednesday that its research arm, Data61, is working with law firm Herbert Smith Freehills and IBM to conduct a pilot for a new …

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A new survey from Deloitte found that 40 percent of executives from the telecom, media and technology (TMT) space want to invest millions in blockchain research during the next year. Published Tuesday morning, the findings – included in a report from the Deloitte Center for Technology, Media & Telecommunications – form part of a wider look …

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Singapore’s stock exchange is working with the Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, to utilize blockchain in a bid to improve the efficiency of securities settlements. The Singapore Exchange (SGX) said in a release on Friday that the collaboration is aimed at scaling up the country’s Delivery versus Payment (DvP) capacity …

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The National Research Council of Canada (NRC) announced Monday that it has built an ethereum blockchain explorer. The organization wrote in a news release that its Industrial Research Assistance Program (IRAP) is now hosting the explorer on the InterPlanetary File System (IPFS) through services provided by Bitaccess, a blockchain startup. Using IPFS, it said, ensures web applications …

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Zheshang Bank, one of the largest privately held commercial banks in China, has completed an issuance of securities worth $66 million using its proprietary blockchain platform. Based on public documents, the bank filed a prospectus with the Shanghai Clearing House on Aug. 13 saying it would back the securities with a portfolio of account receivables …

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Interest in blockchain technology is waning, research firm Gartner said in its latest “Hype Cycle for Emerging Technologies” report. Gartner included blockchain, along with four other emerging technologies, as one of five trends that can blur the lines between humans and machines, according to a news release on August 20. Blockchain technology is at the edge …

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