Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games. People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to help people invest in special products and other commercial developments pertaining to the Olympics. But that money actually ends up in the pockets of anonymous scammers. They make reference to the Tokyo Olympics Torch Relay to trick people into parting with their money, thinking it’s going to a genuine cause.…

Canada-Based Blockchain Company To Deploy a COVID-19 Electronic Screening

Canadian technology company, VitalHub Corp, announced on April 8 the first deployment of a blockchain-based coronavirus screening tool. The tool will be used by a Region of Waterloo-owned long-term care facility called Sunny Side Home.  According to the announcement, a request by Sunnyside Home resulted in the development of DOCit — a blockchain-driven app which will help to screen residents for common COVID-19 symptoms.  The tool seeks to deploy and configure any screening or recurring task, enabling reporting standards for care providers, operations staff, and National, Provincial, or Regional health…

Zoom Data Scandal Shows Blockchain May Be the Future of Communications

As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned. Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking…

Blockchain Powered Immuno-Oncology Company Mateon Claims Anti-Malarial Drug Called Artemisinin, Derived from Asian Medicine Can Help Fight Covid-19

Mateon has announced they recently discovered in its directed antiviral screening program that an anti-malarial drug called Artemisinin is highly potent at inhibiting the ability of the COVID-19 causing virus (SARS-CoV-2) to multiply while at the same time keeping an excellent safety index – claiming its safety is clearly superior to other drugs getting more attention in the media such as Chloroquine, Hydroxychloroquine and Remdesidivir. However, it still needs to go through months of well-controlled and sufficiently powered clinical trials before coming to market. Dr. Vuong Trieu, President and Chief…

Auto Manufacturer Tesla To Use Blockchain Technology to Speed Up Shipping Supply Chain

Elon Musk’s electric car manufacturer Tesla piloted a blockchain solution in late 2019 with leading shipment management technology solutions provider, CargoSmart, Cosco Shipping Lines, and the Shanghai International Port Group has been revealed. Tesla’s speed will not only be reflected in the capability of the auto and in the automobile manufacturing process but now also in the logistics of them to market faster. The project was intended to design, built and test a new application to transform the cargo release process and has the potential to accelerate the digitalization of…

ETH 2.0 Development Firm CasperLabs to Work on Its Own Blockchain

CasperLabs, the firm tasked with developing Ethereum’s implementation of Proof-of-Stake (PoS), has decided to launch its own blockchain. According to a recent announcement, CasperLabs plans to launch its own PoS blockchain in collaboration with Singapore-based crypto exchange BitMax. BitMax will host CasperLabs’ Exchange Validator Offering (EVO) and allow retail investors to get hold of the network’s CLX tokens. The exchange will also operate a full node of the network at its launch to facilitate staking for retail sale participants. The sale mechanics According to the offering’s website, the founding target…

Blockchain Traceability Overtakes Payments Among Major Corporations

Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. The now annual Blockchain 50 list was published in late February and includes fifty of the biggest brands in the world who are using blockchain, each with annual revenue in excess of $1 billion in annual revenue.  Research from Dutch firm Blockdata, which incorporated its own data in the analysis, found that fifteen have solutions that tackle traceability and provenance, while 13…

BlockConf DIGITAL Announces Epic 48-hours Online Blockchain Conference

BlockConf DIGITAL is going live online for 48-hours non-stop with some 200+ speakers, 100+ investors, industry experts and researchers who will attend the event to exchange ideas and share their thoughts on the industry trends and future. The event kicks off May 14th at 9:00 GMT+8 and welcomes all the attendees for 48 hours continuously. “We are very excited to see the transformation and how fast the conference market is adapting to the new scenario. BlockConf DIGITAL is our 2 cents to join that trend and also going further with…

Italy’s Top News Agency Uses Blockchain to Fight Fake Coronavirus News

Amid the global pandemic crisis, the importance of ensuring trusted information is getting more crucial as fake coronavirus news poses a direct threat to life and health of people worldwide. While some global jurisdictions are imposing fines and imprisonment for spreading false coronavirus information, a major news agency in Italy is hoping to stop fake news by implementing blockchain technology. All the news that’s fit to hash ANSA, Italy’s main news agency and an international publication owned by 24 national newspapers, has launched a news tracking system based on blockchain…

Global Virtual Earth Day Event Planned for April 22nd EST From The Blockchain for Social Impact Coalition

The nonprofit organization, Blockchain for Social Impact Coalition (BSIC),  is launching a new event called Virtual Earth Day Event on April 22, 2020. BSIC, who is dedicated to advancing the implementation of blockchain-based initiatives to address social and environmental challenges aligned with the UN’s Sustainable Development Goals will also use the event to announce the winners of its 6-week Decentralized Impact Incubator Program, which focused this year on climate challenges. The Incubator activated a global community of developers, entrepreneurs, humanitarians, and students, and supports them as they build social enterprises…