Archived Posts

In yet another evidence of Bitcoin adoption at commercial level, a shipment of pesticides and fumigation products from Argentina was settled in Bitcoin by Paraguay. The total value of goods exported from Argentina was valued at $7,100. The payment made in Bitcoin was later on converted to Argentine pesos to pay the goods exporter. Initially,   Read more...

Dutch power companies owned ElaadNL, a lab offering infrastructure for smart charging, made an announcement yesterday that they have satisfactorily developed a Proof of Concept for intuitive power grid for electric vehicles using IOTA, which specializes on the “Internet of Things.” In its post, ElaadNL has claimed that the PoC proves the ability of smart   Read more...

On Thursday, JPMorgan Chase released a proof of concept for an electronic coin system that makes use of blockchain, the first of big banks in the rapidly-evolving cryptocurrency world. The system referred to as the JPM Coin is currently at the prototype phase, allowing institutional customers to make on-the-spot remittance to other bank customers. Clients   Read more...

The official postal service of Liechtenstein, Liechtensteinische Post AG, intends to offer a facility to exchange cryptocurrencies in selected branches. Starting today, using the service, clients will be able to exchange their fiat to Bitcoin (BTC) in any of the branches in Vaduz, the capital of Liechtenstein. Following the purchase of BTC, clients will be   Read more...

IBM has inked a $700 million (£545 million) agreement with Spain’s Santander to assist the latter in achieving its strategic objective of “building the most advanced IT architecture of the financial sector.” In the recent past the US tech giant has forged financial services related agreements with BNP Paribas, Lloyds Banking Group, Westpac, Mizuho Bank,   Read more...

Samsung SDS, the IT division of South Korean firm Samsung said that it has built own blockchain accelerator technology which can work in cohesion with IBM‘s enterprise level open source platform. Samsung SDS unveiled the blockchain accelerator during the IBM Think conference held in San Francisco. Dubbed Nexledger Accelerator, the blockchain accelerator has the capability   Read more...

Chinese tech company specializing in artificial intelligence and web-related products and services and products has introduced a blockchain focused operating system named Baidu Blockchain Engine (BBE), which simplifies development of decentralized applications (DApp). Baidu Cloud, the cloud computing unit of the search engine provider Baidu, officially introduced the product. In its official announcement, Baidu Cloud   Read more...

IBM’s Canadian division has collaborated with Boehringer Ingelheim, a pharmaceutical company to install a blockchain powered platform for clinical recordkeeping. Specifically, both parties intend to assess whether blockchain technology has the ability to provide necessary level of data integrity, patient safety and transparency in addition to cutting costs and mechanize processes related to clinical recordkeeping.   Read more...

Blockchain consortium R3’s enterprise level, open-source trade finance platform Corda is now being tested by the Italian Banking Association (ABI). The platform was customized by Japanese IT firm NTT Data, R3 and Italian ICT company Sia. The “Spunta” project, which involves customization of the platform and testing by 18 banks, represent 78% of the Italian   Read more...