Day: October 17, 2018

Russian Startup to Create Blockchain-Based Copyright Network in Uzbek Capital

boss

A Russian intellectual property startup has signed a memorandum with officials from Uzbek capital Tashkent to integrate blockchain for use in copyright, Russian state news agency TASS reports Tuesday, Oct. 16. The president of the Russian National Intellectual Property Transactions Coordination Center (IPChain), Andrey Krichevsky, met the head of Tashkent’s department of innovations Jasur Zakhidov during the Open Innovations Forum in Moscow. Both parties agreed to implement decentralized solutions to protect copyrights in different areas, such as intellectual property and patent records. Zakhidov further explained that blockchain could help develop…

Chinese Crypto Currency Exchange BTCC Expands Into South Korea

boss

New reports from China indicate that the country’s first cryptocurrency exchange, previously known as BTC China, plans to expand their services to Korea. The reports claim that the move is scheduled for October 31, 2018. BTCC is an old crypto exchange, which was launched as far back as in 2011. Since then, it grew to be one of the largest cryptocurrency exchanges around the world. Its trading volume continued to grow until China’s government decided to ban ICOs and crypto trading. As expected, such a decision had significant consequences on…

Rwandan Government to Use Blockchain Tech to Track Conflict Metal Tantalum

boss

Rwanda has partnered with a U.K.-based blockchain startup to trace the mining of the conflict metal tantalum in the country, according to the startup’s press release, published Oct. 16. Rwanda is the world’s leading produces of tantalum, the mineral used in consumer electronics such as smartphones and computers. By using blockchain technology in partnership with startup Circulor, the Rwandan Mining, Petroleum and Gas Board plans to make the production of tantalum more transparent. The press release states that blockchain tech implementation will help “companies comply with the internationally mandated efforts…

UK-Based Industry Group Develops Blockchain Tool to Track Firms’ Sustainable Commitments

boss

A U.K.-based industry body for the responsible finance sector revealed plans to introduce a blockchain tool to monitor firms’ sustainable commitments, Reuters reports Wednesday, Oct. 17. The Responsible Finance & Investment (RFI) Foundation is developing a blockchain-powered tool to track companies’ sustainable commitments and to detect those entities who do not comply with their ethical credentials. The new system is expected to enable the industry group to reduce so-called “greenwashing,” a practice that implies firms claiming that they are more ethical or ecologically friendly than they are in fact. The…

UK-Based Industry Group Develops Blockchain Tool to Track Firms’ Sustainable Commitments

boss

A U.K.-based industry body for the responsible finance sector revealed plans to introduce a blockchain tool to monitor firms’ sustainable commitments, Reuters reports Wednesday, Oct. 17. The Responsible Finance & Investment (RFI) Foundation is developing a blockchain-powered tool to track companies’ sustainable commitments and to detect those entities who do not comply with their ethical credentials. The new system is expected to enable the industry group to reduce so-called “greenwashing,” a practice that implies firms claiming that they are more ethical or ecologically friendly than they are in fact. The…

The US and China battles for global supremacy by entering the cryptocurrency industry

boss

Countries fight for global dominance with cryptocurrency The US battles with China for the mining of bitcoins and Ripple XRP. The US and China have been in a battle for some time now, because of the competition with each other in almost every field to gain world dominance. This competitiveness has moved to the cryptocurrency industry, this is according to reports that China has been set on Bitcoin dominance and is now in favor of Ripple’s XRP with Ripple Labs. China has been one of leading countries when it comes…

Asian FinTech Completes Ripple Blockchain API Payment

boss

A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution. With a payment from Malaysia to Spain, Kuala Lumpur-based MoneyMatch has completed its first cross-border blockchain transaction, a local report from Focus Malaysia confirmed. The transaction, which enabled a retail user to convert Malaysian ringgits (MYR) to Euros (EUR) at a ‘significantly lower cost’ compared to traditional transfer services was completed in a matter of hours, the remittance firm revealed. In…

HashCash leverages blockchain; to incentivise the existing gaming platforms

boss

The gaming industry depends on technology for production and distribution. Also, the same technology is responsible for most of lost revenue the industry encounters. However, blockchain technology promises to mitigate the challenge. Towards this end, HashCash is helping gaming companies integrate a blockchain network into existing gaming platform application programming interfaces. HashCash leverages blockchain to incentivise gaming platforms In a press release, HashCash revealed that each platform’s native token is used as a play chip across the concerned gaming platform, and the asset is then listed on various digital asset…

US CFTC Official Tackles Accountability in an Era of Smart Contracts

boss

The U.S. Commodity Futures Trading Commission (CFTC)’s Brian Quintenz has addressed the question of accountability in an era of disintermediated finance and smart contracts. The commissioner made his remarks at the 38th Annual GITEX Technology Week Conference in Dubai Tuesday, Oct. 16. Broadly, the commissioner proposed that when it comes enforcement actions, not only users, but the coders themselves may be held to account. Quintez explained: “The appropriate question is whether these code developers could reasonably foresee, at the time they created the code, that it would likely be used…

Blockchain Startup Offering ‘Dynamic Fees’ To Help Users Save Money On Transactions

boss

A blockchain-driven startup believes that blockchain technology has the potential to be more than a “one trick pony designed for investors” – setting the objective of creating cutting-edge technology for fast transactions, and delivering “practical services for real people.” According to ARK, its entire ecosystem has been built around encouraging the mass adoption of cryptocurrency through a user-friendly platform. The company says its team is determined to ease consumers into blockchain by creating easy-to-use tools and products that gradually increase awareness and general knowledge about the opportunities that blockchain technology…