Tag: BlockchainBased

Blockchain-based Digital Identification For Online Public Services In Turkey

The process of registering for online public services in Turkey is going to incorporate blockchain technology at some point in the not-too-distant future, according to the plans of the Turkish government. E-Devlet is a digital government site that is utilized in Turkey to access a broad variety of public services. In order to validate the identity of a resident of Turkey who logs into E-Devlet, the site will use a digital identity that is based on blockchain technology. This will make it possible for E-Devlet to check the resident’s capability…

BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand – Blockchain Bitcoin News

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BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to Introduce Blockchain to Its Operations More companies are introducing blockchain processes as part of their operations due to the ostensible reliability of the tech and how it can help save on costs. On Dec. 29, BMW, the German car…

Data Lake Secures First Blockchain-Based Consents for Medical Data – Press release Bitcoin News

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press release PRESS RELEASE. December 2th, Warsaw – Poland: Data Lake has collected the first consents on the blockchain for patients’ medical data to be used by researchers. The company is an EU-funded startup that is seeking to solve two of the biggest problems in medical science: access to medical data, and bias in datasets. In much of the world, researchers do not have easy access to high-quality medical data. Patient privacy and donor consent are two other core issues, and so far there has been no solution that guarantees…

Blockchain-based supply chain platform canned by IBM and Maersk

United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on the platform which should take full effect by Q1 2023: “The TradeLens team is taking action to withdraw the offerings and discontinue the platform […] During this process all parties involved will ensure that customers are attended to without…

Blockchain-based fintech company prepares to enter $500B freight settlement market

The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sources recently reported poll data that 85% of Americans could not afford to spend $200 on a Thanksgiving meal in November 2022, and only 25% could afford $100. However, few recognize inflation is only part of the problem. Higher costs for products and services are also directly attributable to settlement fees paid by transportation providers who…

Putin calls for blockchain-based international payment system

Russian President Vladimir Putin criticized monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24, speaking at the International AI Journey Conference in Moscow.  During the event organized by Sberbank, the largest Russian bank and a major lender to the government, he stated: “The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more convenient, absolutely safe for its users and, most importantly, will not depend on banks or interference…

Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities

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The environment is now a global priority, evidenced by the threat of increasing carbon dioxide emissions reaching 414.72 parts per million, a new record high in 2021, as reported by the National Oceanic and Atmospheric Administration’s Climate in the United States. With the impact of these emissions on climate change in mind, many countries have publicized their mission to lower their carbon emissions. For example, the United States has openly communicated its plan for environmental commodity measurement through the Bureau of Economic Analysis. However, for many sectors, achieving absolute-zero carbon…

ShareRing Rolls Out Skinny ID for Frictionless Blockchain-Based Digital Identity Solutions

ShareRing, a blockchain-based ecosystem providing digital identity solutions, has launched Skinny ID, aimed at offering a seamless and frictionless onboarding process.    Per the announcement: “Introducing Skinny ID, ShareRing’s simplified sign-up process that removes friction on the onboarding journey and allows users to explore the ShareRing ecosystem without having to provide any government IDs.” Being a user-focused blockchain platform, ShareRing enables the issuance, storage, verification, and sharing of personal information and key documents. The report noted: “Previously, ShareRing’s initial onboarding journey added friction to users who were…

Telegram Employs Blockchain-Based Mechanism to Auction Usernames

The Telegram messaging application, one of the top 10 most popular apps globally is yet again breaking ground in the blockchain ecosystem by organizing a bid for unique usernames that are not in use to interested users. Telegram’s CEO Pavel Durov gave the news in a statement made through the company’s official channel.    Telegram users will be allowed to buy and sell unique preowned usernames in protected contracts by using the Telegram Open Network (TON). The company concluded using TON since it is fast and highly scalable and TON…