Tag: Blockchain

South Korea’s CJ Corp Taps Amazon’s Blockchain for Music Copyrights

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An IT arm of South Korea’s major conglomerate CJ Corp is using Amazon’s blockchain tech to improve music copyright management. CJ Corp implementing Amazon Managed Blockchain CJ OliveNetworks, a technology subsidiary of CJ, has reportedly implemented Amazon Managed Blockchain in its new digital copyright system for recording and tracking music in broadcast content, local news agency Yonhap reported on Sept. 19. Specifically, the firm reportedly deployed Amazon Web Services’ (AWS) file-based video transcoding service Elemental MediaConvert to recognize and extract music content from broadcasting data. Secure data sharing and storage…

Singapore Bank Giant OCBC Joins JPMorgan’s Blockchain Network

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OCBC has become the first Singapore-based bank to join JPMorgan Chase’s interbank blockchain network. According to a Business Times Singapore report on Sept. 20, a total of 134 banks from the Asia-Pacific region are now participants in JPMorgan’s blockchain-powered interbank information network (IIN). OCBC is the second-largest bank in Southeast Asia by assets and among the larger financial institutions in Asia-Pacific. 343 banks have joined JPMorgan’s network since 2018 These 134 banks comprise almost 40% of the 343 banks that have joined IIN since 2018. The network’s largest national bloc is Japan,…

Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network

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Bank of America has joined R3’s Corda-powered Marco Polo Network “to tackle trade finance challenges.” “Tackle trade finance challenges” On Sept. 19, Marco Polo announced the multinational investment bank was joining its network to improve international trade inefficiencies and deliver a better service for its customers. Geoff Brady, head of global trade at Bank of America, said: “Joining the Marco Polo Network supports our strategic objective of turning technology advances into trade solutions that address client needs. We look forward to exploring how the new technology can generate greater transparency for our…

European Commission Releases New Support Paper on Blockchain – Further Funding for Startups Encouraged

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The Joint Research Centre at the European Commission has just published a new Blockchain tome (128 pages) called ‘Blockchain Now And Tomorrow – Assessing Multidimensional Impacts Of Distributed Ledger Technologies’  in order to help Brussels politicians with the European policymaking process when it comes down to Blockchain. The EC has taken a holistic approach and is aiming to position Europe at the forefront of blockchain innovation and uptake.  advertisement Overall the report avoids the FUD normally associated with blockchain technology vis-à-vis cryptocurrency and remains positive – pushing for more funding…

United Arab Emirates Ministry of Health Launches Blockchain System

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United Arab Emirates’ (UAE) Ministry of Health and Prevention (MoHAP) launched a blockchain system for recording and sharing information of healthcare workers in health facilities. The official news agency of the UAE reported the development on Sept. 18, noting that the system aims to improve data integrity. A healthcare data sharing solution Per the report, the platform will “save and share the assessment information of health professionals, including doctors, pharmacists and technicians with local licensing health authorities.”  Assistant under-secretary of the Support Services Sector, Awad Saghir Al Ketbi, offered some…

Major Asian Blockchain VC Firm Launches New Bitcoin Tracker Fund

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Major Asia’s blockchain-focused venture capital firm CMCC Global has launched a new institutional tracker fund for Bitcoin (BTC). Custody by Hong Kong Stock Exchange-listed firm Called the Liberty Bitcoin Fund, the Bitcoin index fund deploys Anxone, a custodial solution developed by BC Group, tech and digital asset company listed on the Hong Kong Stock Exchange, according to a press release published on Sept. 17. As one of Asia’s first blockchain VC firms, Hong Kong-based CMCC Global has initiated the Liberty Bitcoin Fund in a move to provide institutional-level access to…

Turkey Announces Plans for a National Blockchain Infrastructure

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The Turkish government announced its plan to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration. The Republic of Turkey’s Ministry of Industry and Technology announced plans for a “National Blockchain Infrastructure” during its Strategy 2023 presentation on Sept. 18 in Ankara, Turkey. Strategy 2023 emphasizes blockchain and DLT as priorities for the National Technology Initiative in the coming year. The document refers to a Startup Genome survey that marks blockchain as one of the fast-rising tech trends, with a 101.5% increase in early-stage startup funding globally.…

Turkey Announces Plans for National Blockchain Infrastructure

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The Turkish government has announced plans to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration. The Ministry of Industry and Technology set out its vision during its Strategy 2023 presentation on Sept. 18 in Ankara. Strategy 2023 emphasizes blockchain and DLT as priorities for the coming year. The document refers to a Startup Genome survey that marks blockchain as one of the fastest-growing tech trends, with a 101.5% increase in early stage startup funding globally. Regulatory sandbox for blockchain is coming The Strategy 2023 document says a…

US FDA to Hold Meeting on Blockchain and AI in Food Traceability

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The United States Food and Drug Administration (FDA) will hold a public meeting at which it will discuss its “New Era of Smarter Food Safety” initiative. Per a Sept. 17 announcement, the FDA set up a meeting with a group of international stakeholders on October 21, 2019, to discuss public health challenges and the implementation of the Food Safety Modernization Act. Specifically, the FDA intends to establish “a more digital, traceable, and safer system” to protect consumers from contaminated food. Efficient tracking of contaminated food The initiative proposes to deploy…

Indian Car Manufacturer Tata Motors Calls for Automotive Blockchain Tech

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Indian automobile manufacturer Tata Motors wants to integrate blockchain solutions into its internal processes as part of a newly launched program for startups. As Business Insider India reported on Sept. 18, Tata Motors has rolled out a program for startups dubbed “Tata Motors AutoMobility Collaboration Network 2.0,” through which it intends to develop a range of industry-related products, including artificial intelligence and blockchain-enabled solutions. The firm wants to apply blockchain-based solutions in various aspects of the automotive industry, including parking marketplace, demand prediction algorithm and real-time monitoring of fuel quality.…