Tag Archives: Blockchain Adoption

The French multinational giant will be integrating Blockchain and Big Data technologies for the company’s digital transformation. The defense and aeronautics enterprise will also use novice technology to comply with NATO standards. A Step Towards Digital Transformation As per a recent report, Thales will be integrating Big Data and blockchain in a new management system, which will lead to the digital transformation of the headquarters’ Production and Maintenance center. The...

Talks about the Anti-social Media Bill to prevent Nigerian youths from protesting against the government has reminded us about the need for decentralized social networks.  Following the recent EndSARS protests against police brutality in Nigeria, the government has returned to a previous bill that intends to criminalize the use of social media to restrict free speech.  Created last year, authorities claimed the bill dubbed “Protection from Internet Falsehood and Manipulations...

Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United States With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also...

Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services. Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete privately hosted data in accordance with the EU’s General Data Protection Regulation...

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...