Tag: BlockchainBased

Reviving Tourism and User Privacy Via Blockchain-Based ID Systems

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Countries all over the world are feeling the impact of COVID-19, as travel restrictions have virtually put an end to tourism for this year. To put this into perspective, recent statistics from Hawaii’s Maui News found that in June of this year, 1,929 visitors came to Maui, while the island welcomed 287,449 visitors the same time last year. According to Statista, European destinations like Spain and Italy are also likely to feel an economic impact due to the decline in visitors this summer. Unsurprisingly, a number of coronavirus contact-tracing apps…

China’s Central Bank Partners with Three Commercial Banks to Develop Blockchain-Based Trading Platform

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China’s central bank, the People’s Bank of China (PBoC) has signed an agreement with China Minsheng Bank, China CITIC Bank, and the Bank of China for cooperating on a blockchain-based trading platform.  The central bank’s clearing center will leverage the practical experience of the three commercial banks in constructing the blockchain trading platform to develop the PBoC’s domestic electronic letter of credit system.  With an emphasis on transparency, the platform will leverage blockchain technology’s immutable and tamper-proof features, to develop the electronic letter of credit and forfaiting asset platform.  The…

Blockchain-based IP Protection Application Gets Investment

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Blockchain venture capital fund NEM Ventures has reportedly invested in SharpShark, a Chilean startup leveraging the Symbol blockchain platform to offer timestamping solutions for content creators to protect their intellectual properties. It will also allow them to tokenize or transfer their creations.  Content creators and blockchain digital protection  According to the report, SharpShark is designed for creators ranging from writers, academics and journalists to photographers, artists and designers. The platform will create a digital signature that will be issued to text and images to the Symbol blockchain. The data is…

Is Blockchain-Based RBAC the Future of Access Control?

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Blockchain technology is best known for making cryptocurrencies such as Bitcoin secure. Due to the fact that it can be used to provide a secure ledger, blockchain seems to be at the traceability and validation solution of the future. As organizations grow, more end points and devices are exposed to sensitive important. Role based security restricts system access from certain users to protect the organization. In the context of the evolving blockchain world, let’s understand how and why Blockchain is going to impact RBAC in a major way. Why is…

Telecoms Giant MyRepublic Teams Up With Marketing Technology Provider Aqilliz To Create Blockchain-Based Loyalty Programme

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Multinational internet service and telecommunications provider, MyRepublic has teamed up with blockchain digital marketing company Aqilliz to pilot a new blockchain-based loyalty programme pilot. Entitled MyRewards, the blockchain-based loyalty programme application was developed as part of the IMDA Blockchain Challenge which looks to explore the applications of blockchain to drive greater operational efficiency and business model innovation in the telecommunications sector. Lawrence Chan, Managing Director of MyRepublic Singapore, said: ~ Advertisement ~ “Blockchain has enormous potential for unprecedented insights into consumer preferences, allowing us to not only see their go-to…

Blockchain-Based Smart City Project LImestone Plans for Token Listing

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Limestone Network, a Singapore-based blockchain project for building smart cities, has announced on July 23 it will list its native token-LIMEX on Bitrue crypto exchange for trading.   According to the report, LIMEX will integrate an entire smart city’s applications such as property management, retail malls, payments, financial services, transportation, parking, F&B and entertainment, to create an intelligent urban ecosystem.  Leverage blockchain for data management and privacy  Limestone Network started with a 100-hectare private development project in Phnom Penh, the capital city of Cambodia. It plans to have 10,000 tenants and…

China’s Central Bank Publishes Rules for Blockchain-Based Financial Applications

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The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security. The regulations will affect banks, insurance companies, brokerages, and other financial institutions that have or plan to integrity blockchain.  The Chinese central bank’s guidelines will promote the adoption of unified standards for product design, software development, privacy protection rules, and system evaluation of financial applications involving blockchain technology. The People’s Bank of China has often…

China’s Blockchain-based Services Network (BSN) Integrates with First Public Blockchain, Nervos – Blockchain News, Opinion, TV and Jobs

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Nervos is officially integrating with China’s Blockchain-based Services Network (BSN) (Chinese version) and (English version) as the first public blockchain to join a network which so far has only supported permissioned blockchain frameworks like HyperLedger Fabric, Baidu’s XuperChain, and CITA. The integration will go live in August with the launch of BSN’s new International Portal, which will cater to global users and provide them with access to low-cost blockchain solutions. “By bringing together the leading blockchain frameworks into one shared gateway, BSN has the potential to drive blockchain development and…

Blockchain-Based Fantasy Football Gaming Startup Sorare Raises $4 million in Seed Funding Round – Blockchain News, Opinion, TV and Jobs

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Fantasy football gaming startup Sorare has raised $4 million in a seed funding round with E.ventures leading the round, with participation from German professional footballer Andre Schurrle, Ledger co-founder Thomas France, and venture firms Partech, Fabric Venture, and Semantic Ventures. According to Sorare’s press release, the trading platform’s revenues have increased tenfold in the past six months, going from $ 30,000 in December 2019 to $ 350,000 in June 2020. The investment will allow the company to strengthen its team to respond to rapid growth. “We are excited to share…

R3 Founder David Rutter Unveils New Blockchain-Based, Bond Market Platform LedgerEdge – Blockchain News, Opinion, TV and Jobs

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R3 founder David Rutter says he is looking to tackle some of the biggest challenges in the corporate bond market with his new trading platform, LedgerEdge. “The secondary market for corporate bonds is growing and is ripe for evolution, but existing platforms are not fit for purpose. Data is monetised by platforms and it is leaked across fragmented, opaque markets, decreasing execution quality. Working with the industry, we will build a platform that solves the challenges of locating and promoting liquidity and data ownership once and for all.” He says…