Tag: BlockchainBased

Blockchain-based app easing pandemic travel launched

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A blockchain-based app aimed to make travel during the pandemic easier has been launched. The app, called ICC AOKpass, allows users to verify their COVID-19 status instantly. Dorjee Sun, CEO of blockchain firm Perlin, told CIR Magazine that ICC AOKpass “uses a common global standard that can be deployed and used anywhere in the world today. It can adapt to the rules of any given country and allows users to instantly verify their COVID-19 compliance status anytime, anywhere.” ICC AOKpass was tested by a couple of companies, including Singapore-based firm…

SBI Holdings to set up blockchain-based digital stock exchange in Osaka

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SBI Holdings, Japanese financial giant and a major blockchain-focused institution, is reportedly planning to set up a blockchain-based digital stock exchange. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial hub. The new international financial center is will purportedly be located in Osaka and Kobe, Nikkei reports on Sept. 2. SBI is planning to launch a digital stock exchange based on blockchain technology. The exchange is expected to attract global fintech companies and contribute to the…

Shanghai’s Jing’an District issues blockchain-based discount coupons

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The Jing’an District of Shanghai has started offering blockchain-based discount coupons.  Local news outlet Shine reported that the district will issue the coupons using one of WeChat’s mini-programs operated by the Jing’an Culture and Tourism Bureau.  WeChat mini-programs are smaller sub-applications built within the WeChat ecosystem to offer several online services like e-commerce, music and video streaming and translation.  The tourism bureau has integrated blockchain to their WeChat mini-program to adjust the number of coupons in circulation and the validity period of each of these by analyzing how people are…

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

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Telecoms giant Huawei has joined hands with the Beijing Municipal Government to create a blockchain-powered directory system. It is aimed at addressing the headache of weak applications, scattered coordination, and data sharing in various departments, according to local media outlet Jintai News.      Optimizing the business environment   The blockchain directory aims to optimize the organization of the usually scattered data people are forced to grapple with in municipal government offices. For instance, something as simple as obtaining a certificate is usually a very long and complicated matter because…

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

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Blockchain-powered driving licenses were made available as an option in South Korea in May.  Blockchain Digitizes South Korea  Since then, one million South Koreans have already leveraged this blockchain alternative, giving up their physical driver’s license. The blockchain-based driving license is offered to South Koreans, along with the PASS smartphone app, which is a transportation and travel app. Through the application, South Korean drivers can renew their digital licenses. As for non-permanent residents of the country, an English version of the license is offered as an alternative.  According to data from Statista, the number of South Koreans subscribed to the blockchain-based…

Japan’s Top HR Firm Is Working on a Blockchain-Based Recruitment App

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Persol Group, one of the largest human resource companies in Japan, has partnered with major Japanese IT and electronics company, NEC Corporation, to build a new blockchain-powered recruiting platform. Persol Group is one of the largest staffing companies in the country, with 32,000 employees and a market cap of $5.7 billion as of 2017. According to the announcement, the two companies have begun working on a Proof-of-Concept to test a direct recruiting service that utilizes blockchain technology to securely manage personal data, prevent falsification of information, and ensure authenticity. This…

Think Tank Releases Report on the Blockchain-Based Genetic Data Network

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Think Tank, dGen, releases a new report entitled, “AI, Privacy, and Genomics: The Next Era of Drug Design”. It tackles the issue of privacy and access to genetic data for companies using AI to speed up and improve drug design. Where the average drug today takes 10-12 years and cost $2 billion, Covid-19 forced this timeline to 12-18 months. Whether or not the cure will be delivered in the next six months remains unclear. The bottom line is that more companies need access to more genetic data. We spoke with…

Blockchain-Based Trademark App Can Boost Australian Economy, Says Minister

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A member of the Australian cabinet has said a new government-backed initiative, which uses blockchain, can help grow the national economy and create new jobs. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy

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A branch of China’s state-backed grid released its first blockchain-powered blackout insurance policy issued to the chairman of a local company that needed to compensate for a power outage loss suffered recently. According to Shupeidian, Zhejiang Ningbo Power Supply Company, in partnership with Yingda Taihe Property Insurance Co., Ltd., released the policy to a sprinkler manufacturing company in Ningbo, Zhejiang province. Both companies believe that the process of issuing insurance via a blockchain network provides a commercial solution to compensate for the loss caused by an electric outage in a…