Tag: BlockchainBased

South Korea to launch blockchain-based vaccine passports

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South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country’s prime minister said Thursday. South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections. Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too: “The introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to their daily lives,” he said during a daily inter-agency pandemic…

Danish Red Cross sponsors $3M blockchain-based volcano catastrophe bond

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Crypto and blockchain adoption for humanitarian causes is set for another expansion as the Danish Red Cross has sponsored a catastrophe bond aimed at providing relief in the aftermath of a volcanic eruption. According to CIR Magazine, the catastrophe bond — often shortened to cat bond — has the backing of private firms and other humanitarian establishments with investors like Solidum Partners and Plenum Investments associated with the project. Using blockchain technology developed by Replexus — an insurance risk securitization outfit — the cat bond aims to raise funds for…

Ontology’s Jun Li on blockchain-based digital ID – Cointelegraph Magazine

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“Everyone’s car generates a lot of data every day,” points out Jun Li, founder of the open-source digital identity blockchain Ontology. The automotive sector is one in which his company’s ID solution has a clear use case, as each driver’s data can be stored and used to calculate insurance premiums according to actual driving behavior. “Some insurance companies will put telemetry devices on the cars to collect your driving information. Every year, your insurance pricing will be based on your behavior data.” For Li, this is a positive development because…

Public, private actors in Delhi trial blockchain-based solar energy trading

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Tata Power DDL, a leading electricity distribution company that serves over seven million residents in North Delhi, is piloting a solar energy trading project together with Australian blockchain firm PowerLedger and the India Smart Grid Forum, or ISGF. The pilot, which runs until June, aims to enable the development of distributed energy infrastructure and electronic trading resources that will encourage consumers to become prosumers — consumers who also produce — by selling their excess rooftop solar power in a peer-to-peer marketplace.  Using PowerLedger’s blockchain technology to provide transparent settlement of…

Air France pilots blockchain-based COVID-19 travel system

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With travel and tourism being one of the hardest-hit industries by the coronavirus pandemic-induced lockdowns, several stakeholders are increasingly prioritizing digital and contactless solutions. In this vein, Air France has partnered with MedAire, SGS, International SOS, and the International Chamber of Commerce to test a blockchain-based COVID-19 travel system. Beginning from March 11, Air France will begin the pilot test of the ICC AOKpass system developed by MedAire and the International SOS. The ICC AOKpass is an app that travelers can install on their smartphones that contains a secure record…

EY deploys blockchain products on China’s Blockchain-based Service Network

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Ernst & Young, one of the world’s largest professional services networks, is expanding its blockchain services in China in partnership with major local blockchain projects. According to a Feb. 5 announcement, EY will deploy its blockchain products on the Ethereum blockchain and Blockchain Open Source a platform run by Tencent-backed Financial Blockchain Shenzhen Consortium, or FISCO. EY will specifically offer its two blockchain solutions — EY Blockchain Analyzer and EY OpsChain — through the Chinese national blockchain initiative, the Blockchain-based Service Network. The offerings will be available to users in…

FunFair (FUN) gains 183% as the blockchain-based gaming industry grows

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Many DApps and blockchain-based games are designed with casino-style and RPG features that allow players to use cryptocurrency for gambling.  FunFair is essentially a white-label, turnkey blockchain-based casino and the platform aims to provide services with zero set-up fees and no monthly minimums. The platform’s native FUN token is the fuel behind every function on the FunFair platform and players need to use it to place bets, and winnings are also paid out in the same way. FUN tokens are used to compensate game developers and pay for fees and…

How One Blockchain-Based Organization Is Reducing Cost

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The debate on which cryptocurrency is superior between Bitcoin and Ethereum is endless. But, based on the latter’s added functionality, there is no doubt which protocol has the upper hand. In fact, some experts believe it’s only a matter of time before Ethereum takes over as the ultimate cryptocurrency platform. Based on what we have witnessed over the last few years, there is no doubting. The ability to launch dApps and DeFi projects have propelled the status of Ethereum to new heights. The network has become so busy lately, pushing…

ConsenSys partners with China’s Blockchain-based Service Network

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ConsenSys, one of the world’s largest blockchain software companies, has partnered with the Blockchain-based Service Network, a Chinese government-backed nationwide blockchain project, As part of the partnership, ConsenSys’ Ethereum-based distributed ledger protocol ConsenSys Quorum will be featured on the BSN ecosystem, the firm announced on Jan. 25.  The protocol will be available in 80 different cities through BSN’s public city nodes across mainland China. ConsenSys director Charles d’Haussy told Cointelegraph that ConsenSys Quorum will be available in all major cities and provinces including Beijing, Xiong’an and Hangzhou. ConsenSys’ GoQuorum —…