Archived Posts

A blockchain powered platform, developed by VeChain, to track tea supply chain received approval from China’s Shuangjiang county government on the day of launch on Thursday. VeChain collaborated with top tea producers in the province to develop the tea supply chain tracking platform. The total lifecycle of a tea cake (compressed tea), from basic ingredients   Read more...

For logistics and payment management, Canada branch of retail chain Walmart has unveiled an automated blockchain powered platform. The latest solution, built in partnership with blockchain firm DLT labs, is created to enhance freight and payment processing, with automatic monitoring of deliveries, transaction validation, and process payments and solving issues. The press release points out   Read more...

A P2P (peer-to-peer) trading trial of solar power was completed successfully between Power Ledger, an Australian blockchain energy company, and BSES Rajdhani Power Limited (BRPL), an Indian electricity distribution company. The large-scale P2P energy trial was conducted in the Dwarka area, South West Delhi, which has installed capacity of 5-6 megawatts (MW) powering a series   Read more...

Coinbase has announced that its Visa debit card will be supporting five more cryptocurrencies in 10 new jurisdictions. The information was revealed through two tweets. Coinbase Card, which was rolled out in April 2019, currently supports nine cryptocurrencies. The card can be used in 29 countries in Europe. The cryptos, which Coinbase Card has started   Read more...

OneConnect Financial Technology, a financial subsidiary of China’s biggest insurance firm Ping An Insurance and backed by SoftBank, has filed an application for an initial public offering (IPO) with the US SEC (Securities and Exchange Commission). The firm is planning for a Nasdaq listing. The application filed with the SEC revealed that the company aims   Read more...

Utrust, via a fresh collaboration with online airline search portal Alternative Airline, is facilitating cryptocurrency payments to more than 600 airlines. This implies customers of Alternative Airlines’ will be able to purchase flight tickets to various destinations across the world using cryptocurrencies such as Bitcoin (BTC), Dash, Ethereum (ETH), DigiByte (DGB) and Utrust’s native crypto   Read more...

Grin, a privacy focused crypto token creator, was funded 50 Bitcoin (BTC) by anonymous donor. The Bitcoins were received in Grin’s General Fund, igniting rumors that the philanthropist could be Satoshi, creator of Bitcoin, himself. The donation, revealed through a tweet by Grin, was carried out through cryptocurrency exchange Coinbase. In a forum post, Grin   Read more...

China state-backed media outlet Xinhua has reported that the country will spend more than $2 billion in 2023 on blockchain technology. China is also expected to record a compound annual growth rate of 65.7% between 2018 and 2023. Referring to a study by the US market intelligence firm IDC, the report states that a huge   Read more...

State Administration of Foreign Exchange (SAFE), a Chinese regulator, is expanding its blockchain powered trans-border funding trial program. The program now encompasses 19 provinces and cities, an increase from nine. The change is understandable as Lu Lei, deputy head of SAFE, stated in October end that there are intentions to employ blockchain and artificial intelligence   Read more...