Tag: BlockchainBased

Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

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Standard Bank, Africa’s largest bank by total assets, has joined blockchain-based trade finance network, the Marco Polo Network. Standard Bank will now develop trade finance solutions alongside major global financial institutions such as French BNP Paribas and Dutch ING, according to a press release on Aug. 22. Backed by the world’s biggest bank, the Industrial and Commercial Bank of China, Standard Bank is the first African bank to join the network, the press release notes. To date, the Marco Polo Network includes over 20 global financial firms such as Commerzbank,…

Walmart Files Patent for Blockchain-Based Drone Communication System

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American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters. In essence, the vehicle-to-vehicle communication system between unmanned drones would relay messages, mesh communications networks and allow machines to be aware…

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

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South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchain According to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X and blockchain developer Hexlant to develop a blockchain security system.  Per the report, the deal will see the institution’s partners jointly develop a Private Key Management System for its banking services. Ground X is the blockchain unit of South…

New Blockchain-Based Smart City Project Planned for Cambodian Capital

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A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital. As Tech in Asia reports on August 14, the 100-hectare mixed-use development in Phnom Penh encompasses residential properties, offices, retail centers, schools and a large-scale exhibition hall: it counts 10,000 business tenants and a daily population of 190,000. Limestone emerged from the first round of startups in the Singaporean government’s blockchain Tribe Accelerator, backed by government agency Enterprise Singapore.  Digital passports and wallets At the heart of the Phnom Penh…

EY Hired to Help Develop Blockchain-Based Fine Wine Trading Platform

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A blockchain-based fine wine investment trading platform has selected Big Four auditing firm EY to provide technology services as its development continues. WiV Technology enables clients to trade bottles and cases of premium wine, with the origin, quality and value of assets certified on a constantly updated blockchain. In a news release on Aug. 12, EY said that wine will be tokenized through the use of non-fungible ERC-721 tokens on the platform. Saving cost and time Smart contracts are used to track wine ownership and transaction history, and the properties of…

IBM Files Patent for a Blockchain-Based Web Browser

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A new patent application from IBM describes a blockchain-based web browser. Filed on August 6 by the United States Patent and Trademark Office, IBM’s patent is for a web browser backed by a peer-to-peer network. The browser collects pre-specified information from web browsing sessions, according to the patent. The information is then transferred to a network of peer-to-peer nodes for collection and storage. Information collection depends on the type of browsing experience chosen. Browsing on a work computer versus a personal browser would demand different settings, for example.  Types of potentially…

Live Planet Unveils Blockchain-Based Virtual Reality Network

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Media company Live Planet has announced plans to imminently launch a blockchain-based virtual reality network — the Blockchain Virtual Reality (VR) Network — that will be used to host crypto and other blockchain-related content. Live Planet shared the development with Cointelegraph in a press release on Aug. 8. According to the announcement, this network will be the first of its kind.  The press release additionally specifies that this will be the company’s first application based on VideoCoin Network technology, a blockchain-based piece of media infrastructure the company has been developing.…

US Awards Patent for Blockchain-Based Firearm Data Recording System

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Two American inventors have won a patent for a blockchain-based recording system for ballistic data.  The United States Patent and Trademark Office awarded two inventors — Jason Palazzolo and Kevin Barnes — a patent for a “firearm environmental recording apparatus and system” on July 23. This apparently could include multiple recording devices, including a camera, microphone, and spatial sensor module that can record velocity, spatial measurements and acceleration data.  The filing states that a blockchain database or network could be used to store or be associated with any of the…

US Defense Dept. to Experiment With Blockchain-Based Security

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The United States Department of Defense (DoD) is pursuing blockchain solutions for cybersecurity as part of its digital modernization strategy. The DoD released plans for blockchain tech in its four-year roadmap on July 12, entitled “DoD Digital Modernization Strategy: DoD Information Resource Management Strategic Plan FY19–23.” According to the report, the DoD’s research branch, the Defense Advanced Research Projects Agency (DARPA), is currently engaged in at least two exploratory blockchain projects focused on cybersecurity. First, DARPA is experimenting with blockchain in order to construct a new — or improved —…

Blockchain-Based ‘Lunar Registry’ Launched – Blockchain News

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…