The blockchain is a decentralized system with a distributed open ledger that is publicly accessible, and its copy is stored on millions of computer systems. Blockchain became popular with the inception of cryptocurrencies like Bitcoin. However, it is important to note that blockchain's utility is not limited to cryptocurrency. Discover such systems in this news section.
The Australian Securities Exchange (ASX) has pushed back the implementation of a blockchain-based settlement system by about six months, from the earlier target of Q4 2020 to now March-April 2021. ASX is set to replace its 25+ y...
The US-based cryptocurrency exchange Bittrex has reportedly bought a 10 percent stake in Malta-based blockchain company Palladium. Palladium's current shareholders are Investar Holding and Unikrn, which own 85 and 15 percent of th...
China’s Alibaba ranks at the top with a total of 90 blockchain-related patent applications, followed by IBM, which is just one short of it at a total of 89 filings. Mastercard occupies third place with 80 filings, Bank of America...
The government of Tsukuba city, which is well known as a center for scientific research, has put a blockchain-based voting system in place to enable the city's residents to vote for local social development programs.
China's largest property and casualty insurance company with $126 billion total assets, People's Insurance Company of China (PICC), has partnered with VeChain, a blockchain technology company and DNV GL, a global quality assurance...
Known as the Australian National Blockchain (ANB), the new platform will enable companies in the country to join the network to use digitized contracts, exchange data and confirm the authenticity and status of legal contracts.
The initiative plans to transform the traditionally paper-intensive bank guarantees business. It claims to be the first blockchain client pilot that fully digitizes the process, from initiation of the bank guarantee to the claim h...
The government hopes that with the help of blockchain technology, the process would become more streamlined in terms of handling administrative operations.
With BankSign, it would be easier for customers to access the banking services of multiple banks at once.
Three companies, Anquan, Deloitte, and Nasdaq have been appointed as technology partners for this project.The project report will be released by November 2018.
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