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Tag Archives: Blockchain Adoption

Investment Giant Vanguard Launches A Blockchain Pilot To Digitize Asset-Backed Securities

The Vanguard Group, one of the world’s largest index fund management companies, has completed the first phase of a blockchain pilot designed to digitize the issuance of asset-backed securities (ABS).Vanguard Employs BlockchainAccording to the recent announcement, the American investment company managing $5.7 trillion as of April 30, 2020, has partnered with the New York-based blockchain firm Symbiont. Other project associates include a large US ABS issuer, BNY Mellon, Citi, and State...

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Microsoft Launches a Beta of Its Identity System On a Second-Layer Bitcoin Solution

The American multinational technology company Microsoft Corp. has launched a beta version of its open-source, decentralized identifiers (DIDs) network on Bitcoin’s mainnet. Called ION, it’s designed to bring back the control of personal information from centralized entities to individuals.Microsoft’s DID Employs Bitcoin’s NetworkThe tech giant explained its decentralized identifiers as a technical component “that makes decentralized identity possible.” It outlined that companies and other...

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Major Japanese Home Builder Uses Blockchain For Rental Contracts

Sekisui House, one of Japan’s biggest home building firms, is set to use Blockchain technology to ease and simplify the rental process and leasing contracts.First Steps In Using Blockchain As A Fundamental Tool In RentalsAs recently announced by the company, the preparations to put some of its rental home contracts on Blockchain are already on the go.The plan is for Sekisui House to use the technology for rental housing agreements, which will also include additionals like coverage of...

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Saudi Arabia’s Monetary Authority Taps Blockchain For Money Transfers

SAMA, the Saudi Arabian Monetary Authority, has recently tapped blockchain technology to execute money transfers and deposits. The step is part of the financial authority’s plan to keep up with the trend of digital currencies.Keeping Up The Pace With BlockchainThe institution is about to put the relatively novel blockchain technology to the best use, to go with the flow alongside the digital financial world. SAMA has started a new chapter in its modern development, by deploying blockchain for...

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Chinese National Bank Uses Blockchain For A $17 Billion Asset-Backed Commercial Paper

China Zheshang Bank (CZB) – a national joint-stock commercial bank based in the Zhejiang province – has employed blockchain technology to bring an asset-backed commercial paper (ABCP) to the Chinese financial market. Competed last week, the issue was worth nearly $17 billion.A Chinese Bank Employs BlockchainCZB successfully executed the issue called “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper” on June 5th, a local report informs. It became the country’s first ABCP and one...

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Akon Crypto City To Be Built By 2029 Following $6 Billion Construction Contract

Akon City, the futuristic city to run on renewable energy and the Akoin cryptocurrency, has awarded a $6 billion contract to KE International. Announced by the famous singer and producer Akon, the city should have its first two phases finished by 2029.Akon City Awards $6 Billion ContractWhile most community members regarded the rumors about the futuristic-cryptocurrency themed Akon City initially as somewhat sarcastic, Akon himself made it official after finalizing the agreement earlier this...

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Indian Cryptocurrency Exchange Secures $2.5M Funding As RBI Confirms Crypto Traders Can Open Bank Accounts

One of India’s leading cryptocurrency exchanges, CoinDCX, has secured $2.5 million as part of a move, aiming to give a thrust to further cryptocurrency adoption in the country. The investment is led by Polychain Capital and supported by Coinbase Ventures as well.A Bold Effort To Increase Crypto Users In India To 50 MillionThere’s the idea that the financing of the project might be useful in supporting and boosting CoinDCX’s events, community engagements, crypto educational programs, and...

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Raiffeisen Bank Partners With A Blockchain Firm To Test Digitized National Currency Transfers

A new report informed that Raiffeisen Bank International A.G. has successfully tested an end-to-end digitized national currency transfer by partnering with a blockchain-focused company called Billon. The pilot operates as a part of the bank’s tokenization platform, dubbed RBI Coin, and it should be launched by the end of the year.Raiffeisen Bank Tests Tokenization PlatformPer the report from earlier today, Billon developed the tokenization platform during the bank’s Elevator Lab program,...

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Lamborghini Launches Digital Stamps For Its Most Iconic Models Guaranteed By Blockchain

One of the most recognized luxury sports car manufacturers, Automobili Lamborghini, has launched a limited digital stamp collection for selected vehicle models. The company is partnering up with Bitstamps, and by utilizing blockchain technology, they guarantee the history and uniqueness of each digital stamp.Lambo And BlockchainAccording to the company’s website, Lamborghini already launched the first digital stamp in honor of its newest model – Huracan EVO RWD Spyder. The Italian-based...

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India’s Government Partners With A Blockchain Company To Help Farmers

The government of India has partnered up with a blockchain startup to help increase their earning by eliminating the middleman.Cutting The Middleman In Product PlacementAs it was announced on Tuesday, the tech startup firm Acri10x will partner with the Indian government to stimulate farmers across the country. The idea is to build a better connection between small-scale growers, their businesses, and markets.This way, remote farmers in the country will be able to sell their products faster...

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