Blockchain

CargoSmart, Tesla and Cosco to Pilot Blockchain Tech in Cargo Release Process

CargoSmart, the software wing of the Hong Kong-based Orient Overseas Container Line, aims to transform the cargo release process using its new blockchain application. According to a report published by Splash 247 on April 7, CargoSmart partnered with Cosco,  Shanghai International Port Group (SIPG), and the electric vehicle and clean energy behemoth Tesla to conduct …

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BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation. In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member …

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Nestlé Partners With Rainforest Alliance to Trace Coffee Beans

Nestlé has added its Zoégas coffee brand to the IBM Food Trust blockchain and partnered with the Rainforest Alliance to bolster the coffee’s data traceability.  The food giant first announced the news in a blog post Monday. It will add QR codes to Zoégas’ “Summer 2020” coffee product packaging, sold in Sweden. When scanned, these …

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Q&A: What is Prime Brokerage, and Will it Gain Traction in Crypto?

From margin trading to futures, many services have made the leap from traditional financial instruments to cryptocurrency. But there’s one that has yet to enter the consciousness of most crypto traders: prime brokerage. Here, Bequant CEO George Zarya explains why 2020 could be the year that this technology starts to gain momentum, how it’s used …

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Factom Facing Liquidation After Creditor Refuses Request for Funding

After failing to source additional funding, blockchain company Factom has begun the process of being liquidated.  In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”:  “The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 they concluded that, in the …

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Blockchain App Used to Track COVID-19 Cases in Latin America

A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America. Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety …

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BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic. The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding …

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Quarantined Gamers Are Straining Microsoft Azure-based Blockchain Platform

Microsoft has acknowledged that the quarantined gamers are putting a strain on its Azure cloud platform which is a backbone of the company’s Blockchain As a Service (BaaS) offering. In the SEC filing, Microsoft addresses the impact of “the global health pandemic” on its Azure cloud services. The company admits that in certain regions “deployments …

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Staking, Consensus and the Pursuit of Decentralization

Oh, the wonders of decentralized consensus — that dream of permissionless blockchains to be censorship-resistant, trustless, collaborative and egalitarian for a potentially global community of users. While lofty in ideals, consensus is foundational for each crypto network, which must agree upon that most basic question of who decides what on the network. Decentralized consensus in …

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EU Highlights Blockchain Benefits in Digitization Write-Up

The European Union, or EU, mentioned blockchain technology as part of social services digitization efforts to keep Europe up to speed with the changing times.  “As in the case of the services sector, the use of blockchain technology is in an early phase of adoption in health and social care, where it has been used …

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