Tag: BlockchainBased

Retail Banks in Poland Launch BIK’s Blockchain-Based Client Data Tool

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Blockchain’s varied applications are becoming more useful for global banking institutions with each passing day. Yesterday, Polish retail banks rolled out a blockchain-based customer data platform developed by the Polish Credit Bureau, also known as Biuro Informacji Kredytowej, or BIK. BIK, the biggest credit bureau in Central and Eastern Europe, has enabled banks in Poland to send notifications of commissions and fees changes on blockchain via its new document management product. Polish Credit Bureau and Billon were developing the platform since 2018 Developed in collaboration with Polish-British fintech firm, Billon,…

Chiliz Working on Blockchain-Based Covid-19 Immunity Passes for Football Fans

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Chiliz has announced that it has begun working on a blockchain-based solution to allow soccer fans to gradually return to the stadiums — provided that they hold a government-issued “immunity pass.” According to its blog post dated April 13, the proposed Socios Pass could be a solution to mitigate some of the damage to the sports industry caused by the novel Coronavirus pandemic. While some countries in Europe, including Italy, are already drafting plans for an eventual return to normalcy, the general understanding is that soccer events will be held…

General Motors Files Patent for a Blockchain-Based Navigation Map

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Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles. According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020, existing maps are “difficult to keep dynamic without incurring large costs.”One potential reason for this is that most maps are maintained through specialized vehicles, whose reach will necessarily be limited to just a few specific…

Algorand Launches Blockchain-Based Global Coronavirus Survey

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Proof-of-stake cryptocurrency platform Algorand has created a global survey intended to compile an open database on the spread, status, and symptoms of the COVID-19 pandemic. On March 27, the company tweeted that its ‘IReportCovid’ survey app will contribute to a global data repository that updates in real-time to inform about pandemic relief efforts. Algorand launches survey to build global coronavirus database In a blog post, Algorand states the initiative seeks to address the lack of real-time data about the pandemic coming from individuals in the community. Survey responses are publicly…

Overstock Plots Global Expansion for Blockchain-Based Agritech Platform

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Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain. Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration with fintech company Symbiont — with GrainChain set to transition from HyperLedger Fabric to Symbiont’s enterprise blockchain platform, Assembly. Medici is a shareholder in both GrainChain and Symbiont. Medici Ventures plots global expansion of GrainChain GrainChain seeks to speed up and remove friction capital circulation in the agricultural market through the use of smart…

Blockchain-Based Social Network Overhauls Platform, Partners With Matic

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Ethereum-based social network Sapien has unveiled updates to its platform, as well as a partnership with the initial exchange offering project, Matic Network.  “After several months of development, we’re launching the next release of our platform, called Alpha Persei,” Sapien Network co-founder and CEOAnkit Bhatia told Cointelegraph in an interview. “This is a revamped platform across the board,” he said, highlighting new aspects such as Portis wallet integration and rewards engine reconstruction. Sapien also secured placement on KyberWidget, allowing trading between Sapien (SPN) tokens and Ether (ETH), according to a…

Blockchain-Based Education Platform Offered to Schools Struck by Coronavirus

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Blockchain-based education technology provider Odem has announced it will provide its platform to schools and universities that were disrupted as a result of the coronavirus pandemic. In a press release published on March 9, Odem states it is offering its “online integrated learning platform and certification management system free for use to schools and educators to continue educating students until it is safe to return to campus.” Odem freely offers platform to schools disrupted by coronavirus In an interview with Cointelegraph, CEO and co-founder of Odem Richard Maaghul stated that…

Ecuador’s Dairy Producer Joins Blockchain-Based IBM Pilot Program

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The Ecuadorian dairy producer El Ordeño has announced its integration with a blockchain-based system as part of a pilot program called IBM Food Trust, as announced in a press release. According to the IBM News Room, the company wants to use blockchain to monitor its TRU dairy products, incorporating a new packaging model that includes QR codes. By scanning the label with a mobile device, consumers will be able to track the entire journey of the specific dairy product in question, from the farm to the table. Moreover, it provides additional information…

Cybersecurity Company Kaspersky Debuts Blockchain-based Voting Machine

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Blockchain voting is gaining more traction in the United States despite the abysmal failure of mobile voting at the Iowa Democratic Caucus earlier this month. Companies on the forefront of blockchain technology realize the potential of the products they are developing to not only transform the global economy, but also the way voters cast their ballots. This week, Kaspersky Lab, a cybersecurity firm monitoring the cryptocurrency industry and emerging digital assets, did just that. The company unveiled a new type of a blockchain-based voting machine using Polys, the system released…

Paxos, Credit Suisse Claim First Blockchain-Based Settlement of US Equities

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New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities.  Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on Paxos’ own private version of ethereum. Last year, Paxos Trust Company announced the pilot, involving Credit Suisse and Société Générale, would be given the green light from the U.S. Securities and Exchange Commission (SEC) in the form of a…