South Korean Government Trials Blockchain for Shipping Efficiency Boost

South Korean Government Trials Blockchain for Shipping Efficiency Boost Two South Korean government ministries are exploring blockchain’s potential to bring new efficiencies to marine logistics. Announced Tuesday, the country’s Ministry of Science, ICT and Future Planning and the Ministry of Oceans and Fisheries have launched a blockchain pilot project to see if the tech can help the nations…

Amazon Plays Its Own Game With Enterprise Blockchain

Amazon Plays Its Own Game With Enterprise Blockchain Amazon Web Services, the e-commerce giant’s cloud computing arm, is having its proverbial blockchain cake and eating it, too. In late November, AWS unveiled a new service during its re:Invest event that lets clients build their own cloud-based blockchains, using Hyperledger Fabric or ethereum as templates for such projects.…

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17. The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your…

Blockstream Boosts Bitcoin Satellite Service With Lightning Payments

Blockstream Boosts Bitcoin Satellite Service With Lightning Payments Bitcoin users’ ability to send transactions through outer space has just been given a boost. Blockchain technology firm Blockstream announced Monday that it has expanded its satellite service to the Asia-Pacific region. It’s also added support for lightning network transactions, allowing users to pay for its service using the…

Iran: Science and Tech Department Official Says Blockchain Can Improve National Economy

Iran: Science and Tech Department Official Says Blockchain Can Improve National Economy An official at the Iranian government’s vice presidency for science and technology has said blockchain can help improve the country’s national economy. His statements were reported by English-language daily newspaper The Tehran Times on Dec. 16. Alireza Daliri, deputy for management development and resources at the vice presidency for science…

Switzerland to Regulate Blockchain Within Existing Financial Laws

Switzerland to Regulate Blockchain Within Existing Financial Laws The government of Switzerland wants to accommodate the blockchain sector within its existing financial laws. The country’s Federal Council issued a report on Friday, providing a legal framework for distributed ledger technology (DLT), or blockchain,, stating that Switzerland’s existing rules are well suited to dealing with such new technologies,…

Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep

Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep A Intrapreneur from financial services giant Barclays has expressed the idea that blockchains should be built with regulatory compliance in mind, tech news website The Next Web (TNW) reported Dec. 14. Speaking at a Hard Fork Decentralized event, Barclays’ Julian Wilson stated that when building blockchains, developers need to “reconfigure our…

Telecoms Giant AT&T Seeks Patent for Blockchain-Enabled Social Media ‘Mapping’ System

Telecoms Giant AT&T Seeks Patent for Blockchain-Enabled Social Media ‘Mapping’ System American telecoms giant AT&T is seeking a patent for a blockchain-based social media history “map.” The patent application was published by the U.S. Patent and Trademark Office (USPTO) Dec. 13. AT&T’s patent application describes a blockchain-powered system that may include a transaction history controller to store subscribers’ data, which…

Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain

Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has closed a €150 million loan using blockchain technology with Porsche Holding, the largestcar distributor in Europe. The news was reported by financial news site Finextra Dec. 14. The transaction is reportedly BBVA’s first blockchain-based loans deal with a non-Spanish borrower. The bank…

US Credit Union Blockchain Consortium Joins R3’s Global Ecosystem

US Credit Union Blockchain Consortium Joins R3’s Global Ecosystem CULedger, a credit union service organization (CUSO)-owned blockchainconsortium, has joined enterprise software firm R3’s global blockchain ecosystem. The partnership was officially revealed in a press release published Dec. 13. Based in Denver, Colorado, CULedger reportedly delivers blockchain applications to credit unions and their members, using the technology to mitigate cybersecurity…

LinkedIn Report: Blockchain Developer Leads List of Most Rapidly Growing Jobs

LinkedIn Report: Blockchain Developer Leads List of Most Rapidly Growing Jobs The role of blockchain developer is the most rapidly growing emerging job in the United States, according to the 2018 U.S. Emerging Jobs report by LinkedIn released on Dec. 13. In the course of preparing the report, LinkedIn used data from its Economic Graph to analyze the positions that companies are…

Blockstack Won’t Need to Sell Bitcoin or Ether to Survive Crypto Winter

Blockstack Won’t Need to Sell Bitcoin or Ether to Survive Crypto Winter While some blockchain projects quickly burned through the capital they raised during the heady days of 2017, others prepared for this market downturn by limiting access to their own funds. Such was the case at the New York-based blockchain startup Blockstack, which raised…