Tag: Blockchain

Regulatory Clarity Will Drive Crypto, Blockchain Adoption

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Twitter Facebook LinkedIn Commenting on the importance of regulation in the technology sector, Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to blockchain and cryptocurrency adoption. Garlinghouse made these remarks while talking to the Deputy General Counsel, Ross Leckow, of the International Monetary Fund (IMF) at the Singapore Fintech Festival. The topic of their discussion revolved around the regulatory frameworks emerging in the Association of Southeast Asian Nations (ASEAN). Some of the ASEAN members include Singapore, Indonesia, Thailand, Malaysia, Philippines, among others. The Importance of Internet of Value “Regulatory clarity…

Spanish Telecoms Operator Partners With IBM to Manage International Calls With Blockchain

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IBM and major Spanish telecommunications firm Telefónica have partnered to apply blockchain technology to managing international mobile phone call traffic, per a press release shred with Cointelegraph Nov. 14. Telefónica is the seventh largest telecom company in the world by market capitalization, valued at $51 billion according to Forbes. The company carries out communications business in 17 countries, with 343 million customers. The collaboration with IBM aims to streamline certain Telefónica business processes and address various challenges in the field, including the reliability and transparency of information registered from different…

Humans vs Uber: Will Blockchain Help?

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Uber managed to gain a remarkable market share in the transport industry by implementing a simple but powerful idea. The company didn’t invest in a technology from scratch, but selected an industry with great demand and built an ecosystem with a broader supply chain. Uber realized that the difference of quality and cost expectation assurance to be competitive depending on the market dynamics.   Many believe that Uber’s surge-price algorithm which adjusts fare price according to demand is a brilliant example of supply and demand at work. It could possibly…

Insurance Giant Ping An, Sanya City Gov’t to Build ‘Smart City’ with Blockchain

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China’s Ping An Insurance Group, one of the world’s largest insurance corporations, and the Sanya municipal government signed a strategic cooperation agreement for “Smart City” construction. The new project will be backed with blockchain tech, artificial intelligence (AI), big data, and cloud computing, the official state run press People’s Daily reported Nov. 14. Ping An Group signed a strategic agreement with the Sanya Municipal People’s Government to carry out comprehensive cooperation on financial investment and “Smart City” construction as a part of a major strategic urban development in China. The…

US Fast-Casual Salad Chain Sweetgreen to Use Blockchain in Food Supply Tracking

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U.S. fast-casual salad chain Sweetgreen has announced a second funding round to raise $200 million, mentioning blockchain among its key development areas, according to a press release published Tuesday, Nov. 13. Throughout the first round, closed late October, the company managed to raise $200 million, becoming valued at over $1 billion. During the second round led by major asset management company Fidelity Investments, the salad chain aims to raise an equal amount. The сapital raised, in particular, will enable Sweetgreen to focus on technology and supply chain development, the release…

Mobile Messaging Giant Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

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Kakao Corp, the major internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter’s blockchain-based payment system, local news outlet The Korea Times reported Nov. 14. The new partnership agreement is to apply the former’s blockchain platform technology Klaytn, the brainchild of Kakao subsidiary Ground X, to blockchain-based payment system. Through two  firms cooperation, it is planned “to enhance core requirements for payment services, such as speed, stability and reliability,” says the…

Espeo Software’s Espeo Blockchain To Set Up Office In Dubai

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The consulting brand of Espeo Software, Espeo Blockchain is planning to set up its office in Dubai, taking inspiration from the city’s interest in blockchain technology and growth potential. Prior to Dubai, the company opened its hub in Helsinki, San Francisco, Poznan, and Zug. According to the company, Dubai is a leading city encouraging blockchain ventures and entrepreneurship. The city has a friendly attitude towards virtual currencies and its government seems interested in introducing new technologies to the citizens of the country. According to the company it wants to fill…

IBM Thailand Promotes AI, Blockchain in Order to Create Regional Sales Hub

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The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language daily news outlet The Bangkok Post reports Wednesday, Nov. 14. According to the article, IBM is going to promote blockchain in collaboration with the country’s central bank, Bank of Thailand. A recent survey by IDC-IBM shows that global spending on blockchain will reach $9.7 billion by 2021. Moreover, IBM is also discussing the possibility of blockchain education in…

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

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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…

Blockchain Wunderkinds Headline Forbes 30-Under-30 List

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Twitter Facebook LinkedIn The blockchain and cryptocurrency ecosystem is well represented in this year’s Forbes 30-Under-30 list, with four young founders and CEOs aged between 25 and 28 featured for their work on crypto finance, blockchain scaling and crypto asset management. Olaoluwa Osuntokun (25), Nader Al-Naji (26), JB Rubinovitz (26) and Hunter Horsley (28) have made their debut on this year’s list after applying blockchain technology to solve real world problems through their various startups. Disrupting Economic Instability and Scaling Bitcoin Olaoluwa Osuntokun is featured this year because of his…