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Tag Archives: Blockchain Adoption

IBM and Bank of Thailand Launch World’s First Government Savings Bond on Blockchain

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...

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Music On The Blockchain: RAC Issues A New ERC20 Ethereum Based Token

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...

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Jack Dorsey’s Square Creates A Non-Profit To Fight Cryptocurrency Patent Trolls

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...

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Akon City Begins Construction In Early 2021: Real-Life Wakanda

Akon City, also referred to as the “real-life Wakanda,” will begin construction in early 2021, said the popular singer, producer, and mastermind behind the project – Akon. He even hinted plans of franchising the concept in other nations in Africa.Akon City Construction Starts In Several MonthsInitially announced in mid-2018, Akon City gained mass attention because of its revolutionary idea to be a smart city running entirely on renewable energy and powered by Akon’s own cryptocurrency –...

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Singapore Exchange and HSBC Come Together on a $300M Blockchain Bond Issuance

A joint venture between the British multinational investment bank HSBC, Singapore Exchange (SGX), and state-owned investment company Temasek has completed its first digital bond issuance of $300 million worth of corporate bonds on SGX’s digital asset platform by employing blockchain technology.$300M Of Corporate Bonds Replicated Digitally With DLTThe collaboration between the three entities, which began in 2019, has provided the first successful usage of SGX’s digital asset issuance,...

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Cryptocurrency Will Reportedly Power Finance in Independent California Post ‘Calexit’

Inspired by Brexit, a group called Yes California is leading the charge for separation of California from the United States. And it seems, cryptocurrency will form the backbone of the financial system in the independent country of California.California To Ditch The US For Freedom, & The US Dollar For CryptoAccording to the latest update on California’s supposed exit from the American mainland, a blockchain-based crypto asset will lay the financial foundation of ‘Calexit’.Calexit campaign...

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Chainalysis: Cryptocurrency Plays an Important Role in Venezuela’s Economy

The use of cryptocurrencies in Venezuela has thrived over the years, and although they may not be the revolution that many expected, they have managed to fit into the financial thinking of the people there more strongly than in other countries.The status of crypto and blockchain technology in the country has evolved significantly. A recent report by the blockchain forensics firm Chainalysis concluded that the South American country’s financial crisis catalyzed a greater interest and openness...

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South Korean City To Issue Blockchain-Based Payments Aimed At The Elderly

One of the significantly technologically developed cities in South Korea is aiming to expand its payments programs through digital gift certificates based on blockchain technology. One of the goals is to educate the elderly on contactless payments.Giving The Elderly A More Simplified Payment ProcessAccording to a recent news report, the new establishment of South Korean Seongnam city would be accessible through a mobile app. The main idea is reaching out to its elderly residents and getting...

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Walmart Adopts Crypto: Shoppers Can Now Earn Crypto-Back

StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart.Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can earn as much as 14% if they reach Super-user tier on the app.Consumer Thirst for CryptobackBased in Seattle, U.S., StormX launched its...

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Coca Cola Taps Ethereum Blockchain for Supply Chain Management

The Coke One North America (CONA) aims to utilize Ethereum’s Baseline Protocol in a new project to manage supply chains across different bottling suppliers.Coca Cola to Create Botting Harbor with Ethereum-based NetworkAccording to a report from Monday (August 3, 2020), CONA established a project called “Coca-Cola Bottling Harbor,” which will leverage the Baseline Protocol. The use of the protocol will ensure that transactions are private and stored on the Ethereum blockchain.The project is an...

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