New York State Department of Financial Services Grants Virtual Currency License to BitPay

New York State Department of Financial Services Grants Virtual Currency License to BitPay   ATLANTA, GA, July 16, 2018 —  BitPay, the largest global blockchain payments provider, today announced the company has received its Virtual Currency License  from the New York Department of Financial Serviceswhich governs rules for virtual currency business activity in New York. The virtual…

Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain

Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain Investment banking firm Benson Oak revealed it would pump “around $100 mln” into Israel-based startups with an “emphasis” on blockchain, local Israeli news outlet the Jerusalem Post reported today, July 9. The Czech-headquartered giant’s subsidiary Benson Oak Ventures will focus specifically on the Israeli market. Having…

FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution

FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6. The FedEx Institute of Technology is an organization that serves as a promoter of…

South Korea Legitimizes Blockchain Industry With Major New Classification Standards

South Korea Legitimizes Blockchain Industry With Major New Classification Standards The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. Three Korean ministries – the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication – are said to…

Bank of England to Rebuild Settlement System to Interface with Blockchain Platforms

Bank of England to Rebuild Settlement System to Interface with Blockchain Platforms The Bank of England is planning to rebuild its Real Time Gross Settlement (RTGS) system so that it can interface with private business and platforms using distributed ledger technology (DLT), the bank’s Governor Mark Carney announced in a speech June 21. Speaking at Mansion House in London, Carney said…

Walmart Awarded Patent for Blockchain-Based Medical Records System

Walmart Awarded Patent for Blockchain-Based Medical Records System U.S. retail giant Walmart has been awarded a patent for a system that would store medical records on a blockchain from a wearable device, according to a patent filing published by the U.S. Patent and Trademark Office. The system, according to the document, will allow medical professionals to retrieve medical data from a…

Samsung Marries Blockchain, AI in Cello 3.0 Logistics Platform

Samsung Marries Blockchain, AI in Cello 3.0 Logistics Platform South Korea electronics giant Samsung revealed a further blockchain implementation in an official announcement June 20, using the technology in a new logistics platform. The platform, dubbed Cello 3.0, is the brainchild of Samsung’s IT subsidiary Samsung SDS, which will use artificial intelligence (AI) and its “logistics knowhow” to deliver it, a press…

HighIoT Presents its Smart Home Security Technology Using Blockchain and AI at Japan Blockchain Conference 2018

HighIoT Presents its Smart Home Security Technology Using Blockchain and AI at Japan Blockchain Conference 2018   Tel Aviv – June 2018 – HighIoT, creator of the Akita IoT cybersecurity device, and provider of IoT protection for smart homes, offices, and cities is attending the Japan Blockchain Conference to present its cutting edge technology and gig…

Walmart Awarded Patent for Crypto-Powered Energy Consumption Management System

Walmart Awarded Patent for Crypto-Powered Energy Consumption Management System U.S. retail giant Walmart has won a patent for the development of an electrical grid that will be powered by Bitcoin (BTC) or other digital currency, according to a patent application published June 14 by the U.S. Patent and Trademark Office (USPTO). The system is designed to help companies better manage energy consumption and…