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Beijing ranks first among blockchain cities in China

Beijing ranks first among blockchain cities in China

Beijing has been named as the top blockchain city in the 2020 Chinese Blockchain Innovation rankings. The Chinese Blockchain Innovation rankings were revealed at the China International Fair for Trade in Services Summit. The rankings comprehensively evaluates the blockchain technology and development of 83 Chinese cities and special zones, except Hong Kong, Macao and Taiwan. There were four key dimensions considered, such as research and development, industrial development, public popularity, and policy based on multi-source objective data. According to reports, China’s blockchain regions have obvious advantages in the development of leading cities, with Beijing, Shenzhen, Shanghai, Hangzhou and Guangzhou ranked in the top…

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

Two new European Union documents have proposed a four-year window for incorporating crypto assets into the E.U.’s payment infrastructure. The documents include plans for the E.U. executive to put forward a law to iron out any regulatory kinks and if necessary create new regulation for crypto adoption in the E.U. New Rules To Bring Regulatory Clarity According to Reuters, the European Commission is especially keen to press ahead with crypto adoption because the pandemic lockdowns exposed a failure point in the existing cash-dominated order. To this end, the EC believes that switching to instant payments is now a priority. In order to achieve this,…

Starbucks Introduces Blockchain Coffee Tracing System For Customers and Farmers

Starbucks Introduces Blockchain Coffee Tracing System For Customers and Farmers

Quality control is one of the most important facets of any industry, especially coffee. In a bid to provide greater transparency to its customers, and a re-affirmation of its quality, Starbucks has turned to blockchain in order to track the ‘journey’ of its coffee beans from the farmer that cultivates them, all the way to the branch. Starbucks, one of the leading coffee makers across the globe with thousands of stores, has turned to blockchain to help its customers trace the origin of their coffee. Starbucks believes that blockchain technology would enable users to scan a bar-code on their coffee bags to…

Will blockchain boost air cargo efficiency after Covid-19

Will blockchain boost air cargo efficiency after Covid-19

Amid a global pandemic, there has arguably never been a better time to make the movement of air cargo more efficient and easier to monitor. Switching to blockchain could help make this achievable, creating crucial cost savings for stakeholders in the bargain. The Covid-19 outbreak has brought global supply chains to their knees, with critical companies forced to shut down their operations. According to figures released by International Air Transport Association (IATA), demand within the global air freight markets in April suffered a drop of 27.7% compared to the same period in 2019 – the sharpest year-on-year decline on record. This has…

Russia tests blockchain voting as the September elections approach

Russia tests blockchain voting as the September elections approach

Russia has had a lot of interactions with crypto and blockchain industries in the last few years. Less than a year ago, the reports revealed that the country plans to use blockchain for selling diamonds. Only days ago, the country’s bank made a first-ever crypto-backed loan. Now, Russia even started conducting tests for blockchain voting, right before the elections scheduled to take place in September.   Russia develops blockchain voting to deal with coronavirus   Russian elections are approaching, but the situation with COVID-19 is still far from being resolved. With people mostly still keeping at home, the authorities have had to come…

What if Satoshi Nakamoto was Satoshi Nakamoto

What if Satoshi Nakamoto was Satoshi Nakamoto all along?

Leah McGrath Goodman, the Newsweek journalist who named Japanese-American man Dorian Satoshi Nakamoto as Bitcoin’s founder in 2014, is doubling down on her claim. In an Aug. 25 episode of the Pomp Podcast with Anthony Pompliano, McGrath Goodman revealed details of the research regarding her original Newsweek story including her written correspondence with Dorian Nakamoto. The journalist took Pomp through her investigation, saying that it had been relatively simple to contact some of the “top ten” Bitcoin pioneers over email prior to publication of the March 2014 story. Gavin Andresen and Hal Finney each provided key information that led McGrath Goodman to…

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments have been trending more so than they ever were before. There are a number of traditional services that remove cash from the equation, but cryptocurrencies also provide the same ends except the means are decentralized. This week the Austrian payment processor Salamantex announced that 2,500 merchants in the country will be able to support three different crypto assets via the system. The…

Partnership to fight COVID-19 medication counterfeiting and advance blockchain solutions

Partnership to fight COVID-19 medication counterfeiting and advance blockchain solutions

The alliance between Chronicled and Deloitte intends to enhance security and efficiency in the pharma supply chain by bring to market new blockchain-powered solutions. Chronicled and Deloitte announced that they have formed an alliance to bring blockchain-powered solutions to the life sciences and healthcare industry. The partnership aims to leverage technology to provide interoperability, security and efficiency to processes involving companies in revenue management and the pharmaceutical supply chain. The alliance also includes a solution to help combat counterfeits and fraud in the medication used for the treatment of COVID-19, an issue that has increased dramatically since the start of the pandemic.…

China’s central bank issues evaluation rules for application of blockchain in financial industry

China’s central bank issues evaluation rules for application of blockchain in financial industry for the first time

The People’s Bank of China, the country’s central bank, has issued documents and evaluation rules regarding the application of blockchain in financial institutions including banks, security companies and insurance firms, according to media reports. It is the first time the top authority has issued regulations for blockchain application. The documents require financial institutions to evaluate blockchain technology on several fronts including technology, performance and security. Evaluations will judge whether or not the blockchain technological application system can ensure the safe and stable operations of relevant financial infrastructure in an objective and fair manner, the notice read. The central bank requires…

Kazakhstan Needs National Crypto to Fight Corruption

Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official

Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says. The Chairman of Kazakhstan’s anti-corruption service has called on the government to develop a national digital currency to fight corruption in the country. Alik Shpekbayev, chairman of Anti-corruption Agency of the Republic of Kazakhstan, reportedly said that national digital currencies like China’s digital yuan should contribute to a more transparent financial system. The news was reported by local news agency Kazinform on July 21. National digital currency is expected to cut cash transactions According to the official, an implementation of the national digital…