Tag Archives: Blockchain Adoption

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...

The giant mining firm, BHP Billiton, has reportedly completed its first yuan-denominated transaction of iron ore utilizing blockchain technology. The company sold materials worth over $14 million to China Baoshan Iron & Steel Co LTD (Baosteel) – the listed arm of the world’s biggest steelmaker China Baowu Steel Group (Baowu).Blockchain Utilized For Iron Ore SaleNearly four years ago, the massive mining firm revealed its plans to begin employing the Ethereum blockchain to improve the...

Ripple has reportedly become the first blockchain-focused member of the emerging global ISO 20022 Standards Body. Thus, the firm has joined the likes of payment processing entities such as Visa and Swift, and numerous international commercial and central banks.Ripple Joins ISO 20022The firm behind the third-largest cryptocurrency by market cap (XRP) announced recently becoming a part of the ISO 20022 Standards Body. Moreover, Ripple claims that it’s the “first member focused on Distributed...

Blockchain technology could assist with adjusting and improving current technical challenges in the expanding business of commercial drone delivery, said the US Department of Transport (DOT).Distributed ledger technology could see utilization in different sectors, from security and identification to flight data recording.Commercial Drones: Growth And ChallengesAccording to a research paper from the US Department of Transport, the estimated number of Unmanned Aircraft Systems (UAS) was roughly...

The project goes by the name Tencent Blockchain Accelerator. It is to be a highly important gear-wheel in the Tencent Industrial Accelerator’s endeavor to boost the digital service in the future.Blockchain Accelerator to Mentor 30 New ApplicantsLaunching the daring project, Tencent is aiming at 30 blockchain-oriented companies, developing and providing the necessary tech activities. The multi-dimensional service platform is based on technology, scenarios, business opportunities, and is...

KFC announced its status as the first quick-service restaurant (QSR) in the MENA region to implement an innovative blockchain platform for its digital advertising and media buying. Ads, the backbone of any direct to consumer business, will have greater transparency through the new blockchain-based framework that KFC will implement.KFC’s Foray Into Blockchain-Enabled Ad BuyingThe digital advertising industry is fraught with conflict of interest. Companies can “fake” impressions and clicks...

The partnership between TRON and the technology giant Samsung continues to reap benefits. As of today, the popular blockchain company with have a dedicated section in the Samsung Galaxy Store, featuring applications built on top of the TRON network.TRON Apps On Samsung Galaxy StoreBack in 2019, both firms announced the initial partnership agreement when Samsung’s Blockchain Keystore integrated TRON. Earlier today, the latter informed that it had become the first blockchain project to have a...

The multinational corporate giant Sony announced its common database platform – Blockchain Common Database (BCDB), which will use Blockchain technology for Mobility as a Service (MaaS). Independently developed by Sony, it will serve as a next-gen digital service integrating multiple transportation systems and services.BCDB to Improve The Means of TransportationMaaS integrates a variety of transportation, including trains, buses, car sharing, on-demand mobility services, and even bike rentals....

The large American communications technology company, Zoom Video Communications, has integrated a blockchain-based app for the first time. Developed by 2key.Network, SmartSessions is built on top of the Ethereum network and will allow business owners to monetize video calls with cryptocurrencies. Blockchain Enters Zoom The popular communications company announced the integration of SmartSessions earlier today. The latter utilizes SmartLink technology and will enable business owners to...

The Central Bank of Argentina, BCRA, has joined a pilot scheme that will see RSK’s blockchain technology used to create a decentralized system for overseeing account debit claims. The project was given the go-ahead by the 2019 Financial Innovation Roundtable, of which BCRA is a member, as well as several other banks including Banco de la Provincia de Córdoba, Banco Santander, and BBVA. The latter two banks are part of the Blockchain Group, which includes Grupo Sabra and RSK parent company...