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Samsung Investing in Blockchain Shipping Technologies

Samsung Investing in Blockchain Shipping Technologies

Samsung is joining a number of other companies in exploring the idea of using blockchain logistics to streamline global supply chains. It is reported that the tech giant has already begun developing a distributed ledger system to monitor international shipments. Recently, IBM has teamed up with Danish shipping giant Maersk and India’s JM Baxi, in order to digitalize their import and export process with blockchain. …


Chile Crypto Exchanges Fight Bank Blockade

Chile Crypto Exchanges Fight Bank Blockade

Following the shutdown of three Chilean cryptocurrency exchanges by banks Itau Corbanca, Bank of Nova Scotia and the state-owned Banco del Estado de Chile, the exchanges have taken their grievances to the appeals court in an attempt to overturn the decision. Chile’s largest exchanges, Buda.com, Crypto Market (Crypto MKT), and Orionx are currently blocked from using the banks. Banco del Estado …


NASA Looks to Utilize Ethereum Blockchain Technology

NASA Looks to Utilize Ethereum Blockchain Technology

The US National Aeronautics and Space Administration (NASA) is funding and co-running a research project that utilizes Ethereum blockchain smart contracts in safeguarding deep space travel. The project focuses specifically on implementing the technology in improving space communications, ensuring navigations that take place are safer and more efficient. Should the research developments be successful, NASA plans to employ the results …


Barclays UK New Ventures Unit to Explore “Disruptive” Themes

Barclays UK New Ventures Unit to Explore "Disruptive" Themes

British bank Barclays appears to be the latest to enter the blockchain arena, with Barclays UK announcing a new ventures unit to study “disruptive technology”. The announcement appeared to dance closely around the blockchain topic without directly pointing to cryptocurrency, explaining its mission to innovate in pursuit of “disruptive” themes within the newly created Barclays UK Ventures unit. According to the …


Blockchain Helps the Homeless in Texas Capital

Blockchain Helps the Homeless in Texas Capital

Texas capital city Austin is piloting a blockchain platform that attempts to address the problem of identity management for its homeless population. The pilot program plans to address issues such as unemployment, lack of medical services and government financial support for the city’s 2,000 homeless, who often can’t access these essentials due to proof of identity issues. A census taken earlier this year …


Australia Proving to Be a Positive Home for Cryptocurrency

Australia Proving to Be a Positive Home for Cryptocurrency

As the popularity of cryptocurrency increases, Australia has set a positive example in terms of implementing sustainable, non-restrictive regulations. Last week saw the Australian Transactions Reports and Analysis Center (AUSTRAC) implement viable new rules regarding cryptocurrency exchanges. The most significant legislation enacted was the requirement of digital currency exchanges to register with AUSTRAC and comply with the government’s anti-money laundering, counter-terrorism financing obligations. …


Gibraltar Sees Itself as Blockchain Trendsetter

Gibraltar Sees Itself as Blockchain Trendsetter

The Gibraltar Stock Exchange has announced that it has bold plans for blockchain technology, encouraging its subsidiary, Gibraltar Blockchain Exchange (GBX), to regulate for investor safety. According to GBX, it has already enacted Distributed Ledger Technology (DLT) legislation to provide a worldwide jurisdiction for crypto companies, suggesting it wants to lead the world in technology regulation. The new legislation states that …


CNBC Fast Money’s Brian Kelly Will Still “Wanna Buy” Bitcoin at $20K

CNBC Fast Money's Brian Kelly Will Still "Wanna Buy" Bitcoin at $20K

Brian Kelly, CEO of BKCM and CNBC’s Fast Money, has compared Bitcoin to Microsoft and Cisco in the late 1980s. Likening it to the internet, he pointed out that Bitcoin was not a company, but a public open source software, which was still in the very early stages. Kelly went on to talk about the recent drop in Bitcoin markets, calling …


Dedicated Power Plant for Australia’s New Blockchain “Silicon Valley”

Dedicated Power Plant for Australia's New Blockchain "Silicon Valley"

An Australian tech firm, IOT Group, has partnered with energy provider Hunter Energy to recommission a power station in a bid to become “the first in Australia to offer pre-grid cost effective power prices to blockchain operators”. The Redbank power station near Singleton, rated at 150 megawatts, was closed in 2014 due to bankrupted owners unable to pay an accrued …


Mastercard Joins the Blockchain Bandwagon

Mastercard Joins the Blockchain Bandwagon

Mastercard is looking to expand its offices based in Dublin, Ireland, with 175 new technology developers recruited for roles such as blockchain experts, software engineers and information security specialists. Mastercard is confident that blockchain technology is the future in regards to security and integrity within financial systems. This is displayed by the array of blockchain-related patents that they have acquired in an effort to …


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