Tag Archives: Blockchain Adoption

A new consultation process on blockchain laws is set to begin in Switzerland. Initiated by the country’s Federal Department of Finance, the operation is focused on initiating a blanket ordinance in the local blockchain and distributed ledger technology environment. For Better Laws In Blockchain Industry A number of parties, individuals, and other interested groups are set to be included in the upcoming consultations in the blockchain spectrum. The project is planned to go on...

The cryptocurrency industry has no doubt been maturing over the past couple of years, especially after the parabolic market development in 2017.The underlying technology behind cryptocurrencies – blockchain (or distributed ledger) has become more appealing to a range of corporations for various reasons. CryptoPotato recently reported that the tech mogul IBM has partnered with the Bank of Thailand and issued the first Government savings bond on the blockchain.Recent findings indicate that...

The United States Department of Justice is focusing its attention on the crypto-verse and how to control that ecosystem. On October 8, 2020, the US Attorney General released a report talking about the dangers associated with the adoption of cryptocurrencies and the expectations of the DOJ in this regard.The “Cryptocurrency Enforcement Framework” is an 83-page document published by the Attorney General’s Cyber Digital Task Force. The 20+ person team believes cryptocurrencies are risky because...

The Electric Vehicle Grid Integration (EVGI) Working Group of the Mobility Open Blockchain Initiative (MOBI) has developed and launched a global standard for the automotive industry integrating blockchain into a decentralized vehicle charging system.The statement clarified that the standard will initially focus on three main use case areas: peer-to-peer (P2P) applications, tokenized carbon credits (TCC), and vehicle to grid integration (V2G).MOBI COO and Founder Tram Vo said that electric...

One of the world’s largest car manufacturers and a household name, BMW, has announced plans to launch a blockchain-based reward program in South Korea.The country will be the first to see the new platform before a potential global rollout.BMW Korea Goes BlockchainBMW is arguably one of the most popular car manufacturing brands. According to its latest investor presentation, published in October 2020, they’ve delivered almost 650,000 vehicles in Europe, down 19.7% because of the coronavirus...

Software and EOS developer Block.one announced the news of Google Cloud joining the community via a blog post published earlier today, on Oct. 6.According to the announcement, apart from joining the network, Google Cloud is also aiming to become a BP on the chain.The decision to allow Google Cloud to become a BP will be put to a vote among token holders. Currently, 21 BPs form the core part of the EOS network. Also, joining the public blockchain platform will mean that the tech behemoth will...

Contour, the trade finance enterprise based on blockchain, has officially launched. The digital platform is set to deliver a global network and services for trading finance over a distributed ledger, uniting buyers, suppliers, and banks on its platform.Contour Goes LiveSingapore-based Contour has officially announced its step forward, launching its trading network based on blockchain technology. Previously known as Voltron, the firm has a primary focus on Letters of Credit (LC). Few major...

The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds.Within the first two weeks of operations, the blockchain-based platform has issued a total of $1.6 billion of such bonds. The announcement from the International Business Machines (IBM) Corporation reads that the platform enables investors to “benefit from speedy bond issuance, reducing a process that previously took 15 days to two...

Grammy award-winning music creator André Anjos is the latest artist to tap into the cryptocurrency space. Better known by his stage name RAC, Anjos has launched a new Ethereum based community token for artists.The token is also named RAC. With it, the music producer intends to free artists and content creators from the clutches of large-scale corporations that stifle their financial freedom.RAC Gives Back To The Community With Ethereum Based $RACIn the RAC token issuing platform Zora’s latest...

Jack Dorsey’s financial services company Square has established a non-profit organization called Cryptocurrency Open Patent Alliance (COPA).Working independently from Square, the entity aims to ensure open access to blockchain technology in the digital asset sector and fight patent trolls.Square Creates COPAAccording to Square’s announcement, COPA aims to stop companies within the cryptocurrency ecosystem from “locking up” valuable and useful technologies in patents. The company outlined that...