People’s Daily, an official newspaper of the Chinese Communist Party (CCP), is calling for domestic regulation as part of an effort to foster the development of blockchain technology. In a full-page feature entitled “Three Questions to Blockchain” published Monday, the CCP’s official media doubled down on the government’s commitment to... Read More
A new report argues that switching to a distributed, blockchain-based infrastructure could bring significant financial benefits to the asset management industry. The release from Calastone, a transaction network for the mutual funds industry, predicts that such a move could slash costs for the global mutual funds market by over $2.5 billion a... Read More
India’s National Association of Software and Services Companies (NASSCOM) signed a memorandum of understanding (MoU) with Canada’s Blockchain Research Institute (BRI) to collaborate on Blockchain education and training in India, tech news outlet CIO reported yesterday, Feb. 22. BRI tweeted a photo of their co-founder, Don Tapscott, signing the MoU... Read More
Bank of China, one of the four largest state-owned commercial banks in the country, has filed a patent application for a process it says is better able to scale blockchain systems. According to a document released on Feb. 23 by China’s State Intellectual Property Office (SIPO), the application was first submitted... Read More
Energy markets data provider S&P Global Platts has announced the commercial deployment of a blockchain platform for sharing oil inventories in the United Arab Emirates (UAE). Marking one of the first real-world products utilizing blockchain tech in the oil industry, Platts’ network to allow market participants to submit data on... Read More
A number of multinational telecoms firms have joined the Carrier Blockchain Study Group (CBSG) to advance efforts in applying blockchain technology within the industry. According to today’s announcement by Japan’s SoftBank, the study group will see United Arab Emirates’ telco Etisalat, Spain’s Telefonica and Philippine’s PLDT as new members. In addition, two... Read More
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.