One Block Team

News
IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network

Stronghold, a San Francisco-based financial institution that has been developing an asset agnostic payment and trade ecosystem, has launched an asset-backed token on the Stellar network, the first venture supported USD anchor for the network. Buyers of the coin will deposit U.S. dollars with Stronghold’s partner bank, Nevada-based Prime Trust, enabling Stronghold... Read More

One Block Team

News
Wells Fargo Files Patent for Tokenization System to Protect Sensitive Data

San-Francisco-based bank Wells Fargo has outlined a patent for a tokenization system that would protect data, according to a filing published by the U.S. Patent and Trademark Office (USPTO) July 17. The newly published application details a system in which any type of data element — whether a document, graphic, or database value —... Read More

One Block Team

News
FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution

The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6. The FedEx Institute of Technology is an organization that serves as a promoter of interdisciplinary research in emerging technologies that operates... Read More

One Block Team

News
Alibaba Seeks to Eliminate Middlemen in Blockchain Payments Patent

Chinese e-commerce giant Alibaba has been exploring the use of blockchain technology to speed up international payments, according to a new patent filing. The patent application – “A System and Method That Adjusts Account Balance on a Blockchain” – was filed with the China State Intellectual Property Office in January... Read More

One Block Team

News
Quebec Hikes Power Prices for Crypto Miners

Quebec will make electricity prohibitively expensive for cryptocurrency miners until it figures out how to deal with a surge in demand from the energy-hungry industry. Provincial regulator Regie de l’energie authorized utility Hydro-Quebec to charge 15 cents per kilowatt hour to blockchain companies, about three times the price they have enjoyed up to now.... Read More

One Block Team

News
CEO of UBS: Blockchain Will Transform Cost Base of Financial Services Industry

The CEO of Swiss financial services provider UBS Group Sergio Ermotti said that blockchain will be essential for the financial services industry in an interview with CNBC June 18. Ermotti said that the underlying technology of cryptocurrencies will allow “[the] freeing up of resources to become more efficient,” adding that “[it] is a great way to... Read More

One Block Team

News
Trial of ‘Lightning Fast’ Protocol That Can Handle 60,000 Transactions Per Second Has Begun

A blockchain-based digital asset exchange network has launched a “lightning fast” protocol which is capable of processing more than 60,000 transactions per second.   #MetaHash says its protocol, known as #TraceChain, takes no longer than three seconds to approve each transaction. A trial of its geographically-distributed network has begun and... Read More

One Block Team

News
Government of Canada Pilots Ethereum Blockchain to Increase Transparency

When governments adopt and pilot emerging technology, the act is often viewed by the public as a way of legitimizing its potential. Now, the Government of Canada is getting on the bandwagon. In general, blockchain technology increased its global presence over the last few years and continued to earn legitimacy... Read More

Guest Writer

Editorial
Cryptocurrency Strategies for Power and Energy Companies

Uncertainty in the power sector It is an uncertain time for power and energy companies. The rise of natural gas and the decline of coal have changed the dynamics of the sector. Solar panels become more efficient, and cheaper, with every iteration. Unknown future risks related to tax and trade... Read More