One Block Team

News
Terminals For Exchanging Crypto Put To The Test By Institutional Industry Leaders

A company which has created a terminal for exchanging cryptocurrencies, as well as state-of-the-art compliance technology, has started to roll out early versions of its hardware to industry leaders worldwide. Blockchain Terminal says several alpha terminals are already in use – and right now, 200 beta machines are being built... Read More

One Block Team

News
Arizona Overhauls Blockchain Bill to Focus on Crypto Payments

An Arizona Senate bill that previously focused on state income tax is getting a makeover, the Senator who crafted the bill tells CCN. Senator Warren Petersen, a Republican, said the bill is being redesigned to instead focus on point-of-sale crypto tax payments known as the transaction privilege tax (TPT) in... Read More

One Block Team

News
BBVA issues corporate loan using blockchain

Spanish lender becomes first global bank to use the technology for corporate loans Spain’s BBVA has become the first global bank to issue a loan using the distributed ledger technology that underpins cryptocurrencies and has the potential to revolutionise banking processes. BBVA said it carried out the entire process for... Read More

One Block Team

Editorial
Fitch Ratings: Blockchain Is a Potential ‘Game-Changer’ for Insurers

One of the “Big Three” credit rating agencies thinks blockchain is a “game-changing technology.” Fitch Ratings touted the potential uses for blockchain within the insurance industry in a report published Wednesday, saying “insurance is fertile ground for blockchain’s capabilities.” In particular, the company sees blockchain as a tool for streamlining... Read More

One Block Team

News
Blockchain Insurance Policy Developed for Hurricane-Prone Puerto Rico

The firm behind a blockchain protocol tailor-made for the insurance industry has designed a decentralized policy to cover natural disasters in hurricane-prone Puerto Rico. According to an announcement Tuesday, Etherisc was approached by two local ethereum developers to develop a policy that specifically provides hurricane damage cover for the Caribbean island’s... Read More

One Block Team

News
Korea’s SK Telecom to Build Blockchain for Identity and Asset Exchange

South Korea’s SK Telecom is reportedly launching a blockchain-based platform for authenticating customers’ identities within the year. According to a ZDNet report on Tuesday, the telecoms giant – a subsidiary of the SK Group, one of the largest family-owned conglomerates in South Korea – is developing the new system in... Read More

One Block Team

News
Blockchain entering ‘government-led mode’ with Shenzhen blockchain fund launch

Shenzhen, China’s Silicon Valley of hardware, has announced the official launch of its first venture capital fund focusing on blockchain. The initial scale of the local backed fund is RMB 500 million, Bianews reports. The fund will be government-led signaling that the blockchain industry in China is entering what some... Read More

One Block Team

News
Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21. According... Read More

One Block Team

News
JPMorgan, National Bank of Canada, others test debt issuance on blockchain

J. P. Morgan Chase & Co has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes. The test on Wednesday mirrored the Canadian bank’s $150... Read More