People’s Insurance Company of China Taps VeChain in Blockchain Pivot

People’s Insurance Company of China Taps VeChain in Blockchain Pivot September 1, 2018 by William Peaster VeChain, a logistics-minded blockchain platform that burst into the cryptoverse last fall, has locked down another major partnership in China, this time with the People’s Insurance Company of China. The deal will see VeChain helping to digitize aspects of PICC’s previously paper-centric operations.  Also see: Ryan X Charles: ‘Craig Wright Is Satoshi Nakamoto’ Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts VeChain Gets the Nod in PICC Deal VeChain has scored…

Blockchain Pivot to Bring Big Savings for Australia’s Biggest Stock Exchange

The Australian Securities Exchange (ASX) has disclosed that millions of dollars in savings could be generated by Australian firms once the exchange migrates from the existing Clearing House Electronic Subregister System (CHESS) to a blockchain technology-based platform. Currently, it is estimated that the average fee that large investors are charged for clearing and settlement services is approximately 1.2% of the assets. The superannuation industry, on the other hand, incurs costs of approximately $23 billion. “If the value of what we can deliver by providing an enriched, real-time source of truth…