Tag: BlockchainPowered

Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

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Ant Group, China’s Alipay owner, has established a blockchain-enabled smart contract platform dubbed Trusple to assist small and medium enterprises (SMEs) in carrying out cross-border trade seamlessly. The blockchain system is touted to be a stepping stone towards assisting SMEs and banks hasten and secure the settlement and processing of orders. Securing cross-border trade Trusple is an open platform and is based on Ant Group’s blockchain technology called Antchain, which automatically produces a smart contract whenever buyers and sellers upload trading orders. In turn, the trading parties’ banks can process…

Blockchain-Powered Brand KIM Diamond Announces Flagship Store and Selene Moon Goddess Jewelry Line

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Place/Date: Chengdu, China – September 21st, 2020 at 4:46 pm UTC · 2 min read Contact: Kim Dimond, Source: KIM Jewelry KIM Jewelry KIM Diamond is a China-based, blockchain powered Fintech jewelry brand that focuses on sourcing loose diamonds from mines for making exquisite jewelry pieces. The brand was unveiled in Chengdu on September 16, 2020, and announced its Selene Moon Goddess line along with the KIM blockchain technology. The press conference took place at ‘Top 10 ULI prize winning hotel’ The Temple House, and was attended by hundreds of…

South Korean Highways Will Have Blockchain-Powered Toll Payments

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KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to bring blockchain-based toll payments system across the nation’s highways. According to D Daily, the project is expected to launch before the end of the year. The system will connect KEB Hana’s smartphone banking app, Hana One Q, for motorists to arrange their toll payments, defer them, or even receive toll fee refunds. The report states that both parties involved in the deal reached to implement…

Netherlands Regulators Greenlight Blockchain-Powered Real Estate Security Token Exchange – Blockchain News, Opinion, TV and Jobs

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The Financial Markets Authority in the Netherlands (AFM) has green-lighted Max Property Group (MPG), a real estate investment specialist,  to launch Max Crowdfund, an international real estate crowdfunding platform on blockchain technology on which real estate-backed loans will be placed. After gaining approval from the AFM (approval number 19000066), Max Property Group will now proceed with rolling out the platform, aided by advisory support from Jelurida on the blockchain component. First loans will be placed soon. The crowdfunding platform will make real estate investments available to everyone, regardless of wealth…

LocalBitcoins Deploys Elliptic’s Blockchain-Powered Tracking Tools for Enhanced Surveillance

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Leading peer to peer (P2P) Bitcoin trading platform LocalBitcoins has partnered with Elliptic, a global provider of crypto asset risk management solutions, to tame the headache of its illegal usage through blockchain-enabled monitoring tools. Elliptic has had a reputation for offering crypto compliance solutions to enterprise crypto-financial institutions and businesses.  Screening crypto transactions Through the strategic collaboration, Finland-based LocalBitcoins will comply with regulations, such as know-your-customer (KYC) and the European Union’s Fifth Money Laundering Directive (5AMLD). The P2P platform will use Elliptic Lens and Elliptic Navigator to screen crypto wallets…

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

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Chinese courts are adopting blockchain-based door seals that will optimize property security by enabling real-time video surveillance and sophisticated alarm systems. This move is intended to eradicate the conventional paper seals, which are not tamper-proof. Setting the ball rolling The Executive Bureau of the People’s Court in Beijing, China, set a precedent by using a blockchain-enabled seal in securing a property located in Chaoyang district. Other courts in Jiangxi, Hunan, and Jiangsu provinces have also followed suit.  The electronic seals based on blockchain technology are unique as they have a…

Vladimir Putin’s Next Presidential Term Will Depend on Blockchain-Powered Constitutional Amendment Voting

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Russia’s upcoming e-voting on Vladimir Putin’s Constitutional amendments will be implemented using blockchain technology.      Citizens in Moscow will be able to cast their votes online using blockchain-powered e-voting, according to the Moscow government’s official website. Starting on June 5, Moscow citizens can sign up for the upcoming voting scheduled from June 25 to June 30.   By implementing blockchain technology for the voting process, it ensures security and transparency and will help to anonymize and encrypt each vote which provides the immutability of the data.    The Russian…

Russia’s Central Bank to Launch Blockchain-Powered Digital Mortgage Platform

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The Central Bank of Russia is reportedly developing a digital mortgage platform powered by a domestically developed blockchain called Masterchain, local state-owned news agency Ria reported on May 28. According to Olga Skorobogatova, first deputy governor at the central bank, Masterchain has recently started to support digital mortgages, which forms a foundation for the upcoming platform.  The financial institution has already submitted the proposal for its digital mortgage project to the government and the Federal Service for State Registration, Cadastre and Cartography (Rosreestr). Masterchain is reportedly the first blockchain platform…

Several Chinese Media Outlets Setup a “Blockchain-Powered News” Department

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A group of 12 Chinese media organizations conformed by television stations, local newspapers, radio stations, and web media allied to create a “blockchain-powered news department” on May 21. According to the report published by China Email, the group is made up of media companies from all over the country. They use solutions based on 4.0 and advantage of blockchain technology in favor of the distribution and exchange of content through the network. The alliance, called “The National Department of Blockchain News Editing,” distributes more reliable and traceable news and media…

Students at Texas-based University Accorded with Blockchain-Powered GreenLight Credentials

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The University of North Texas (UNT) in Dallas has unveiled GreenLight Credentials, a blockchain-enabled academic records verification platform, for its students, giving them more control of their transcripts.  Student empowerment via blockchain Through this strategic collaboration, UNT Dallas students will be able to easily share their academic credentials quickly and securely across the globe. Additionally, transparency is granted because the transcripts and other verified records are kept in a decentralized system.  Bob Mong, UNT Dallas President, noted, “GreenLight puts the power directly in the hands of our students. […] Students…