Tag: BlockchainBased

Blockchain-based COVID-19 passports to begin trials in Q1

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The International Air Transport Association will soon roll out blockchain-based passports that digitally store an individual’s health information — specifically, their COVID-19 testing and vaccination status. In a move which IATA says has the potential to reopen international and loosen current global quarantine restrictions, a “health” passport will be stored in a user’s smartphone in the form of an app, with the first real-world testing expected to take place as soon as February. Known as the IATA Travel Pass and described as a way to give travelers complete control over…

Ukrainian football club Dynamo Kyiv to launch blockchain-based fan tokens

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Ukrainian football team Dynamo Kyiv is launching its own fan token and digital marketplace powered by blockchain technology. According to a Jan. 4 announcement, the team has partnered with Moonwalk, a company specializing in creating digital economies for brands, to release a set of loyalty initiatives for its fans. Dynamo Kyiv fans will be able to earn digital tokens for “social actions” such as playing prediction games or engaging with the club on social media. The tokens will then be spendable as reward points for accessing merchandise drops, join VIP…

What’s Behind Exeedme’s Blockchain-based Gaming Innovation

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With over $13 billion currently locked across DeFi protocols, the decentralized financial landscape has been growing at a breakneck speed. The high quest for a non-custodial financial product and marketplace has been instrumental to the astronomical growth in the DeFi (Decentralized Finance) sector. No doubt, the interest that has rallied behind the DeFi protocols has been phenomenal, NFT market has also been on traction in leading mainstream adoption of blockchain technology. Exeedme, a blockchain-powered gaming platform is combining the capabilities of both sectors to target the gaming industry with a…

Blockchain-Based Immunity Passports Don’t End Privacy Issue

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Existing decentralized digital identity standards are vulnerable to compromise and do not have privacy at their core: This is the central argument posed by a new paper presented by Harry Halpin, a visiting professor at research university KU Leuven, at the Mozilla-hosted Security Standardization Research Conference (SSR20). Proposals for vaccine or immunity passports, which would tie a person’s movements to their COVID-19 immunity status, have resurfaced with promising news about vaccines. The International Air Transport Association (IATA) announced it’s “in the final development phase” of a digital passport app that…

LayerX will develop blockchain-based voting system using digital ID verification in Japan

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Japanese firm Layer X will be partnering with a digital identity application called xID to build a blockchain-based voting system in the Japanese city of Kaga. In a Thursday announcement from LayerX, the Tokyo-based company said it will be developing the electronic voting project in an effort to promote safe and secure elections for the city of 68,000 inhabitants. The firm stated that the cost and stability of current electronic voting systems in the region needed to be addressed. “Voting over the Internet presents more challenges, such as preventing double…

Jelurida Announces Blockchain-based Bridge Strategy Game

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Blockchain software development firm Jelurida is set to launch an on-chain version of the bridge, the strategy card game. The platform will be called Bridge Champ and will enable anyone to set up their own white-label bridge gaming environment. The game leverages the benefits of blockchain, including in-game tokens and cheat prevention.  Jelurida is known for its development platforms, which include Ardor and Nxt. Ardor, a multi-chain proof-of-stake blockchain, is the company’s flagship project. Ardor operates as a parent-and-child structure, with the Ardor main chain securing child chains connected to…

Blockchain-based voting systems have potential despite security concerns

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The 2020 United States presidential election was met with an increase in mail-in ballots due to COVID-19 concerns. Yet while many Americans stayed away from polling stations this year, postal delays, rejected ballots, and other challenges emerged. Unsurprisingly, better ways for casting votes during major elections quickly became a hot topic of discussion. This has also led some in the crypto community advocating with renewed vigor for a blockchain-based voting system to be used in the future presidential elections. While the promises of blockchain include trust, transparency and immutability, a group…

Mitsubishi Financial Group to Debut Blockchain-Based Payment Network by 2021

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MUFG will be able to harness its existing financial services to drive the mainstream adoption of the network. Japanese banking giant Mitsubishi UFJ Financial Group (MUFG) is set to launch its high-speed blockchain-based payment network by 2021. Per a Coindesk report, the Mitsubishi payment network is under development in partnership with the United States-based fintech startup Akamai. Per the report, the blockchain-based payment network from the duo of Mitsubishi and Akamai will usher in cheaper and more efficient payment services through their joint venture Global Open Network (GO-NET). The GO-NET…