Major Banks Pilot Successful Thailand-Singapore Blockchain Remittance

Join our community of 10 000 traders on Hacked.com for just $39 per month. A joint effort by major banks in south-east Asia has led to a successful blockchain-powered cross-border funds transfer in real-time from Thailand to Singapore. In an announcement on Tuesday, Thailand’s Bank of Ayudhya – commonly referred to as Krungsri – revealed a successful pilot test involving an international remittance from a domestic bank account to a Standard Chartered account in Singapore using its own blockchain, dubbed the Krungsri Blockchain Ledger. The endeavor involved major Japanese multinational…

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Walmart Files Patent for Blockchain-based Digital Marketplace

Join our community of 10 000 traders on Hacked.com for just $39 per month. A recently released filing by the U.S. Patent and Trademark Office (USPTO) outlines a blockchain-based framework that Walmart has envisioned as part of its efforts to expand its digital services for retail shoppers. Walmart’s Blockchain Push Filed in 2017 and granted on May 17, 2018, the document is an example of Walmart’s push to embrace digital technologies for augmenting its intellectual property holdings, and it adds to an impressive arsenal featuring a number ranging from parcel-tracking systems…

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Australian PM Turnbull Tells Government Agency to Study Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. Australian prime minister Malcolm Turnbull, the country’s most powerful political official, has directed the government’s Digital Transformation Agency (DTA) to study potential applications of blockchain technology across government. Addressing a Senate Estimates committee on Monday night, DTA chief digital officer Peter Alexander revealed that PM Turnbull directly told the agency to explore blockchain applications after interest in the technology from other agencies and vendors, Australian publication ITNews reported. The DTA is a government agency established in…

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Australia Plans Blockchain Prototype to Deliver Welfare Payments in 2019

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Australian government’s digitization agency has revealed plans to explore the implementation of blockchain technology in delivering social security welfare payments to citizens. Speaking at a conference in Sydney last week, Digital Transformation Agency (DTA) chief executive Randall Brugeaud underlined welfare payment delivery as an early use case for its blockchain implementation effort. The DTA was established in 2015, part of the government’s broad digitization agenda that tasks the agency to engage other government bodies and…

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Russia’s Largest Bank Buys Commercial Bonds on a Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russia’s first commercial bond transaction using blockchain technology. In an announcement, MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the country’s National Settlement Depository powered by smart contracts technology. Based on the Hyperledger Fabric, a production-ready blockchain software developed by the open-source Linux Foundation-led Hyperledger consortium,…

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Blockchain and AI Combine to Power Modern Technological Advancement

Join our community of 10 000 traders on Hacked.com for just $39 per month. Presently, there is an increased pace in the areas of technological development when compared to the progress achieved over the last couple of decades. This exponential increase springs off the dashboard of the internet and the numerous millennial technologies that are being built on top of it. These emerging developments are leading us to a smarter world where identified redundancies are eliminated, bringing to the fore more direct and productive solutions. Effective cost management through the…

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From JPMorgan to Blockchain Startup: Amber Baldet Unveils ‘Clovyr’

Join our community of 10 000 traders on Hacked.com for just $39 per month. Former JPMorgan blockchain lead Amber Baldet unveiled her new startup project, Clovyr, at the Consensus conference in New York on Monday. Baldet left her position at JPMorgan in April to work on Clovyr. She led JPMorgan Blockchain Center of Excellence and helped the firm succeed with open-source initiatives, such as Quorum. In a strange juxtaposition, her successful tenure at JPMorgan coincided with CEO Jamie Dimon’s bitcoin bashing. Clovyr is composed of a suite of tools for blockchain…

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Alibaba’s Jack Ma Joins the Bitcoin Bashing Brigade but Backs Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jack Ma has joined the bitcoin bashing brigade, although he remains keen on blockchain. Ma, chairman of Alibaba and considered China’s richest man, said during the second World Smart Conference in Tianjin that bitcoin is a bubble, according to a local industry report. In the past, he has said he does not understand bitcoin but had not previously gone as far as calling it a bubble.   Like many other bitcoin bashers, Ma remains positive regarding…

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Israel’s Public Stock Exchange Unveils Blockchain Securities Lending Platform

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Tel Aviv Stock Exchange (TASE) has announced the development of a blockchain-powered securities lending platform that the bourse operator believes will enable direct lending among all major financial instruments in the country. Calling it ‘one of the first projects of its kind in the world’, the TASE says its new ‘Blockchain Securities Lending (BSL)’ project will fundamentally transform the domestic market by harnessing several of blockchain technology’s core facets including direct peer-to-peer transactions, smart contracts…

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Korea Customs Authority to Test Blockchain Clearance System for Imports, Exports

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Korea Customs Service (KSC) is reportedly due to test a blockchain-based system to verify data and shipments during imports and exports with over 50 companies domestically. According to the Korea Times, the KCS is developing a customs data platform powered by blockchain technology in an effort to boost enhance the efficiency of a customs-clearing process that has long-relied on paper and is notoriously inefficient due to human error. Specifically, the real-world test will check if…

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