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Ukraine Electoral Commission Uses NEM Blockchain for Voting Trial

A member of Ukraine’s Electoral Commission revealed in an Aug. 7 Facebook post that they are working with NEM on a blockchain voting pilot. Oleksandr Stelmakh, head of the State Register at the Central Electoral Commission of Ukraine, appeared pleased with the ongoing tests, writing in the post that they are “continu[ing] a series of experiments applying blockchain... Read More

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Bank of England to Open New Payment System to Blockchain Users

The Bank of England is executing a complete overhaul of its interbank payment system, and officials have now confirmed that it will open the network to fintech firms that process transactions across a blockchain network. The British central bank on Monday published a report evaluating its recent Proof-of-Concept (PoC) with several firms... Read More

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Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’

The Bank of Canada (BoC) has published a study on the “incentive compatibility” of blockchain technology this week, finding that double spending is an “unrealistic” outcome. The new BoC study focuses on a proof-of-work (PoW) protocol for blockchain technology, modelling the behaviors of a “honest miner” and a “dishonest miner.” The Canadian bank’s researchers modelled a system to... Read More

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Ex-JPMorgan Exec: Blockchain May Be Key to Avoiding Next Global Financial Crisis

The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23. Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak... Read More

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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

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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

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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

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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

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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