Tag: BlockchainPowered

Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.  The report noted that the worldwide blockchain in banking and financial services market size is anticipated to hit $1.89 billion this year from $1.17 billion recorded in 2021.   As a result, recording a compound annual growth rate (CAGR) of 61.9%. The report added: “The blockchain in banking and financial services market is expected to reach $12.39 billion in 2026 at a CAGR…

Abacus Life Partners With Blockcerts to Introduce Blockchain-Powered Insurance

Abacus Life Settlements, a buyer of life insurance policies in the United States, has teamed up with BlockCerts to introduce blockchain-enabled insurance and longevity-related assets. Jay Jackson, the CEO of Abacus life, pointed out: “Abacus Life and Longevity Market Assets are excited to partner with BlockCerts Web 4.0 to lead the next generation of life insurance and annuity purchases using blockchain. We are revolutionizing the acquisition and investment in longevity-related assets.”  Through blockchain technology, Abacus life will attain next-generation data security, cost reductions, and a competitive advantage in…

Xiaomi Files Patent to Create Its Own Blockchain-Powered Virtual Characters – Blockchain Bitcoin News

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Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to the introduction of a gene sequence, responsible for determining the looks of the character. Xiaomi Introduces Blockchain in Character Generation Patent More and more industries are including blockchain as part of their new products due to its decentralized and immutable traits. Xiaomi,…

Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data – Blockchain Bitcoin News

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On June 1, the American media company that provides commercial weather forecasts, Accuweather, announced it is tethering weather data to blockchain technology by hosting an API3 Airnode. The company revealed that it is collaborating with blockchain oracle provider API3 and Web API operators will be able to access Accuweather’s onchain weather data. Accuweather Exec Believes Blockchain Weather Data Can Make ‘Lasting Impacts Through a Range of Industries’ According to the company Accuweather, the firm is hosting its own API3 oracle node in order to provide a “seamless Web3 wrapper that…

India’s Telangana State Partners with CasperLabs for Seamless Blockchain-Powered Government Processes

India’s Telangana State has joined hands with CasperLabs to revamp operations using blockchain technology to stimulate more secure, efficient, and sustainable government processes. As a leading blockchain software company, CasperLabs will render an open network that will boost entrepreneurship opportunities for the public and private sectors in Telangana.   Furthermore, blockchain initiatives are expected to empower government officials and policymakers with more insights for better decision-making.    Jayesh Ranjan, the Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government acknowledged: “Casper…

Lemonade to Offer Blockchain-Powered Climate Insurance for Farmers in Emerging Markets

Lemonade, a top American insurance company, has revealed the formation of the Lemonade Crypto Climate Coalition meant to offer blockchain-enabled climate insurance to the most vulnerable farmers across the globe. Through its nonprofit organization dubbed the Lemonade Foundation, Lemonade has partnered with other companies like Chainlink, Avalanche, DAOstack, Hannover Re, Tomorrow.io, Pula, and Etherisc as founding coalition members. Based on the Lemonade Foundation’s objective of rendering environmental and social change through technology, the coalition is being established as a Decentralized Autonomous Organization (DAO) to create and distribute parametric and instantaneous…

Blockchain-Powered Game WonderHero Sees Average Player Incomes Reach $1,215 Within Weeks Of Launch

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As the most recent advancement in the gaming industry, the concept of play-to-earn (P2E) gaming has garnered mainstream popularity, especially as gamers seek new income opportunities during the pandemic. Through P2E, individuals can generate passive returns while playing certain games. The concept has become so popular that scattered cases have emerged worldwide whereby players earn more than their ordinary salaries, leading to an unprecedented rise in the number of P2E games and players alike. Among the flood of play-to-earn games, WonderHero, a recently launched P2E Mobile RPG, has turned out…

BSTX Receives SEC Approval For Blockchain-Powered Securities Exchange

BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets, has received the green light from the U.S. Securities and Exchange Commission (SEC) to operate a blockchain based securities exchange. BSTX is aiming for immediate or accelerated settlement (T+0 or T+1) thanks to the transactions taking place on the blockchain. It will also provide market data recorded on the blockchain in a process similar to an Oracle. This will be done via a blockchain run by BSTX. The exchange will be open to both retail and institutional…

BMW Korea trials a blockchain-powered rewards program ahead of global launch

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Customers of the world-famous car manufacturer will soon be able to claim blockchain tokens as rewards as part of a new membership scheme, called BMW Vantage. The Korea Times reported on Oct. 7 that BMW Korea is the first branch in BMW Group to run a trial of the new scheme and aims to fully launch it in the country by the end of 2020. It successful, the company is planning a global rollout. The points-based rewards program uses blockchain technology to securely allocate and track tokens for participating customers.…

Officials voiced privacy concerns over China’s blockchain-powered hospital

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China’s first blockchain-powered hospital is set to launch sometime in 2021, but some government officials voiced concerns over data security.  According to Cn-Healthcare, the First Affiliated Hospital of Dalian Medical University will launch a pilot program by January 2021 as blockchain integration is still incomplete. The hospital will use the blockchain to store patient and treatment information. The operators also said that such a blockchain-powered platform will allow patients to access the so-called “internet hospital” services via a WeChat applet, whose blockchain network stores consultation and treatment data by aiming…