DLT

7 of the World’s Largest Blockchain-as-a-Service Enterprises

</header> <strong>You’ve heard of Software as a Service (Saas), the means by which businesses subscribe to and access cloud-based software. Blockchain-as-a-service (BaaS) is its distributed ledger equivalent. It describes the process by which a third party installs, hosts and maintains blockchain networks on behalf of other organizations. Today, BaaS is utilized in industries such as …

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Central Bank Officials: DLT Can Improve the Global Financial System

On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The panelists acknowledged that distributed ledger technologies (DLT) could improve the existing global monetary system, however, argued that significant challenges persist regarding the privacy, interoperability, and scalability …

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MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple

Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved. MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still, the firm’s answers to Cointelegraph’s …

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Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet

Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month old, given that the document in question was published in December …

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Governments and Enterprises Can’t Get Enough of Blockchain

</header> <strong>Governments have long been wary of Bitcoin, while expressing admiration for its innovative ledger system. This trend can be traced back till 2014, when the “blockchain not bitcoin” mantra was coined. Six years on and that sentiment is being backed by action as governments and businesses the world over commission blockchain initiatives. Are these …

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Microsoft Azure Announces Blockchain Token and Data Management Service

Microsoft’s blockchain-enabled cloud service Microsoft Azure announced new tokenization and blockchain data management services. In a post published on the official Microsoft Azure blog on Dec. 6, the IT service giant announced the Azure Blockchain Tokens and blockchain data manager. New tools for Azure blockchain users The Azure Blockchain Tokens service aims to simplify the …

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TruTrace Partners With Deloitte to Track Cannabis Using Blockchain

Blockchain tracking startup TruTrace Technologies Inc. partnered with Big Four auditing firm Deloitte to track cannabis using blockchain technology. Investing news outlet ProactiveInvestors reported on Sept. 4 that TruTrace is launching its StrainSecure product in partnership with Deloitte. The system in question reportedly employs blockchain technology to track cannabis from seed to sale, in order …

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Indian IT Giant Tech Mahindra to Launch Blockchain Finance Management

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, partnered with American distributed ledger technology (DLT) firm Adjoint to launch a blockchain financial management and insurance solution. Telecommunications industry news outlet CommsMEA reported on Sept. 2 that the solution is the first of its kind. With this service, clients will reportedly be able to …

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India’s Kerala Blockchain Academy Partners with R3 for Dev Education

The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3. Local news outlet The Economic Times reported on Aug. 27 that New York-based enterprise blockchain firm R3 chose the KBA as a general partner. According to the article’s author, the academy …

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World Bank Raises $33M Via Blockchain for Its Kangaroo Bond

The World Bank raised over $33 million for its Kangaroo bond on a blockchain. The international organization announced on Aug. 16 that it raised an additional A$50 million (over $33 million) for its Kangaroo bond due August 2020, using a blockchain.  The report claims that this is the first bond which has been created, allocated, …

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