State Agency Backs Blockchain Accelerator Launched by Venture Capital Firm

Singaporean governmental body Enterprise Singapore, along with other partners, has supported a new blockchain accelerator launched by a local venture capital firm, daily local newspaper The Straits Times writes Tuesday, Dec. 4. Trive Ventures has launched the initiative, dubbed Tribe Accelerator, to support later-stage startups. According to the unnamed investor cited by The Straits Times, the accelerator is designed for a six-month period and will focus on the mass adoption of blockchain, decentralized applications (DApps), and back-end digital solutions that deal with blockchain. The managers for Tribe Accelerator will initially…

Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

Twitter Facebook LinkedIn A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s National Disability Insurance Scheme (NDIS) benefited from increased choice and control using the smart money that they accessed via a prototype app. Not only were administrative costs reduced but the risk of…

Canada Border Agency to Pilot IBM-Maersk TradeLens Blockchain Platform

  The Canada Border Services Agency (CBSA) has become the latest entity to trial a blockchain shipping solution developed by IBM and Maersk, a press release confirmed Thursday, Oct. 25. TradeLens, which creators unveiled in August this year after a 2017 pilot, aims to simplify logistics processes. The first such border agency to investigate the platform, CBSA will now “determine what role the platform could play in its business processes,” the release explains. “TradeLens could create a singular, trusted digital supply chain for all shipments entering Canada. The TradeLens pilot…

Australian Government Agency Says Blockchain ‘Interesting’ But Hyped

The Australian government agency dedicated to streamlining the country’s IT operations has called blockchain “interesting,” but said it is hyped by firms working with the tech. The chief digital officer of the Digital Transformation Agency (DTA), Peter Alexander, indicated the view was arrived at after the organization received  AU$700,000 (about US$500,000) from the government in May to explore blockchain applications within government services. “Blockchain: Interesting technology but early on in its development, it’s kind of at the top of a hype cycle,” Alexander said at a parliamentary committee meeting on Tuesday, as…

Australian Government Agency Says Blockchain ‘Interesting’ But Hyped

The Australian government agency dedicated to streamlining the country’s IT operations has called blockchain “interesting,” but said it is hyped by firms working with the tech. The chief digital officer of the Digital Transformation Agency (DTA), Peter Alexander, indicated the view was arrived at after the organization received  AU$700,000 (about US$500,000) from the government in May to explore blockchain applications within government services. “Blockchain: Interesting technology but early on in its development, it’s kind of at the top of a hype cycle,” Alexander said at a parliamentary committee meeting on Tuesday, as…

Nevada’s Utilities Agency Eyes Blockchain for Energy Credit System

The Public Utilities Commission of Nevada, a government agency charged with supervising and regulating power utility services in the state, is looking to implement blockchain for its energy credit tracking system. The commission last month investigated whether a blockchain-based solution would help track and certify Portfolio Energy Credits (PECs) in a better way for meeting the state’s Renewable Portfolio Standard. Renewable energy producers in Nevada earn PECs that can be sold to utilities that then use them to comply with the Standard. One PEC represents one kilowatt-hour of electricity generated.…

Nevada’s Utilities Agency Eyes Blockchain for Energy Credit System

The Public Utilities Commission of Nevada, a government agency charged with supervising and regulating power utility services in the state, is looking to implement blockchain for its energy credit tracking system. The commission last month investigated whether a blockchain-based solution would help track and certify Portfolio Energy Credits (PECs) in a better way for meeting the state’s Renewable Portfolio Standard. Renewable energy producers in Nevada earn PECs that can be sold to utilities that then use them to comply with the Standard. One PEC represents one kilowatt-hour of electricity generated.…

Australia’s Science Agency Scales 30,000 Txs/s on First Global Blockchain Trial

A blockchain developed by CSIRO, Australia’s national science agency, in collaboration with the University of Sydney, has completed a global test on Amazon’s ubiquitous cloud computing network to process 30,000 transactions As reported yesterday, the ‘Red Belly Blockchain’ – developed jointly by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Concurrent System Research Group (CSRG) at the University of Sydney – was put to use in a successful trial on Amazon Web Services (AWS), a popular cloud infrastructure provider. While the blockchain has previously been tested to scale…

Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade

Brazil’s antitrust regulator is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, Reuters reports September 18. Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), which operates under the Ministry of Justice (MJ), has purportedly launched a probe on Tuesday to find out whether the country’s largest banks closed the accounts of brokerages trading in Bitcoin. According to Reuters, the investigation by the CADE was initiated on the request of the Brazilian Blockchain and Cryptocurrency Association (ABCB) following several complaints. One alleged that…

South Korea Internet and Security Agency to Double Blockchain Project Budget in 2019

The Korea Internet and Security Agency (KISA), a sub-organization of the South Korean Ministry of Science and ICT, has announced plans to expand public blockchain pilot projects to revitalize the domestic blockchain market, ZDNet Korea reports September 4. The South Korean government plans to spend about $9 million to spread blockchain projects throughout public and private sectors. This year, the government has spent around $3.8 million on the blockchain projects. The goal is to find efficient cases in the public sector and to identify the best options, bringing them to…