Tag: BlockchainPowered

Binance Launches Blockchain-Powered Charitable Campaign in Support of Maltese Youth

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Top crypto exchange Binance’s philanthropic arm, the Binance Charity Foundation (BCF), has opened a new fundraising channel on its blockchain-powered donation platform. The new program is conducted in support of terminally ill patients and disadvantaged children in Malta and Gozo. The news was shared with Cointelegraph in a press release Dec. 19. Dubbed the “2018 L-Istrina Campaign,” the new channel will raise funds in aid of national charity, The Malta Community Chest Fund (MCCFF), which works to improve the lives of Maltese and Gozitan individuals and families affected by sickness,…

DMG to Build Blockchain-Powered Supply Management System for Cannabis Industry

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DMG Blockchain Solutions (TSX-V: DMGI) plans to build a global supply chain management for the legal cannabis industry using blockchain technology. In a statement, DMG said that it is working with an undisclosed technology partner to build the cannabis supply chain solution. The company plans to first launch the platform in Canada, and subsequently expand globally. Currently, DMG is in talks with cannabis industry players, including major licensed producers, quality assurance labs, retail distributors, and government regulators, according to the company. Blockchain Perfect For Building Cannabis Supply Chain Management System…

Australian Real Estate Major to Trial Blockchain-Powered Solar Energy Management Solution

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Australian firm Vicinity has announced it will trial a blockchain solution for its energy network. The company revealed this Thursday, September 25 in an official press release. Vicinity – with more than $42 billion in real estate assets under management – has partnered with Australian energy tech company Power Ledger. The newly announced trial is a part of Vicinity’s $75 million solar energy program that is about to start in Castle Plaza – the company’s mall located in Adelaide, South Australia. The new blockchain platform delivered by Power Ledger will…

NIIT Technologies Release Blockchain-Powered Chain-m For Airline & Its Partners

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NIIT Technologies recently released its blockchain-powered solution Chain-m for airlines and their partners in the business. With the help of Chain-m, airlines and their associates can handle all the challenges they face to fulfill the backend process of settlements. The IT services providing company has clients across major verticals including travel and transportation, insurance, banking, and financial services, media and manufacturing. The Indian company offers a wide range of services including infrastructure management, application development and maintenance, and business process management. Chain-m to make ticketing process transparent NIIT Technologies’ Chain-m…

The Rise of Blockchain-Powered Trade Finance Platforms

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Although they don’t hold the same disruptive promise of radical decentralization as do their permissionless counterparts, private blockchains that governments and corporations run are still capable of transforming entire sectors of the world economy. Global trade has long been viewed as one of the most conspicuous areas for instrumental application of distributed ledger technology (DLT), with both trade finance and supply chains relying on antiquated, unreliable systems of record keeping and trust management. The recent news that Hong Kong’s financial regulator and a conglomerate of banks are poised to roll…

BBVA Signs $117 Mln Blockchain-Powered Corporate Loan

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Banco Bilbao Vizcaya Argentaria (BBVA) has signed a new blockchain-based loan with civil engineering firm ACS Group, according to the BBVA’s official statement July 19. BBVA, a multinational Spanish banking group, signed an agreement with ACS to provide a long-term bilateral corporate loan of €100 million ($117 million). The new blockchain-powered loan contract will reportedly boost the efficiency in financial processes of the company, allowing for better transparency and traceability of contractual process. Settling the loan on a blockchain allows both parties to independently monitor the stages of a contract,…

American Express Files Patent for Blockchain-Powered Proof-of-Payment System

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Financial services giant American Express (Amex) has filed a patent for a blockchain-based proof-of-payment system, according to filing published by the U.S. Patent and Trademark Office (USPTO) Thursday, July 12. The patent’s applicant is listed as American Express Travel Related Services Co., Inc., Amex’s travel arm. The proposed system would automate proof-of-payments by encrypting payment payload data with a public key on an initial node of the blockchain –– the data in question comprising the merchant’s identifying information and the transaction amount. According to the patent filing, the encrypted data…