Austria-based fiber supplier Lenzing Group plans to apply blockchain to track its fiber supply and to “green up the textile industry.” Major global fiber producer Lenzing will implement blockchain tech to bring more transparency to its fiber supply chain, the firm announced on May 17. Headquartered in Lenzing, Austria, the fiber manufacturer partnered with Hong […]
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Major automobile manufacturers Honda and GM are jointly working on a blockchain project for electric vehicles with smart grids. Major automobile manufacturers Honda and General Motors (GM) are jointly conducting research on electric vehicle and smart grid interoperability using blockchain tech, Japanese news outlet Nikkei reported on May 20. As part of the project, Honda […]
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The Stellar network went offline for over an hour, raising concerns about decentralization. Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the […]
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Calastone announced that it switched its entire system for fund trade clearing services to its blockchain infrastructure. London-based global funds network Calastone announced that it switched its entire system for fund trade clearing services to its blockchain Distributed Market Infrastructure (DMI) in a press release published on May 20. Per the release, the migration of […]
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The mayor of Seoul claimed that Seoul authorities plan to use blockchain in the integrated authentication system for citizen cards. The South Korean city of Seoul will implement blockchain technology in its citizen cards, Korean publication Queen.co.kr reports on May 20. Park Won-soon, the mayor of Seoul, has participated in the ongoing event “Korea Future […]
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Ripple’s CEO has argued that the biggest banks have a strong reason to embrace crypto and blockchain innovation. Ripple CEO Brad Garlinghouse has argued that the biggest banks have a strong reason to embrace crypto and blockchain innovation, despite the apparent threat it poses to their current oligopoly. The CEO made his remarks during an […]
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The Japanese government’s attempts to halt crypto gambling can only last so long, industry experts say. Despite Japan’s reputation for being one of the most welcoming nations for fintech, online crypto gambling has struggled to take off in light of the country’s strict regulation. In late March, the blockchain-based, decentralized application (DApp) platform Tron announced […]
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Senior executives acknowledged the technology is not yet superior for its purposes, while remaining optimistic about development. A senior executive from American delivery services company FedEx is unconvinced about the benefits of blockchain technology in its present form, Memphis-based local news outlet Commercial Appeal reported on May 20. In a new interview, the firm’s dedicated […]
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The CEO of the blockchain bourse, Alexander Wallin, hopes SprinkleXchange will list as many as 1,000 companies in the next four years. SprinkleXchange, a blockchain-powered initial public offering platform, is preparing to list its first company in June, Bloomberg reported on May 17. According to Alexander Wallin, the bourse’s CEO, it is hoped that up […]
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Centralized crypto exchanges saw a major uptick in traded volume this April, with a solid 85% overall increase among top fiat-to-crypto platforms. Centralized cryptocurrency exchanges saw a major uptick in traded volume this April, the new April 2019 Exchange Review from crypto data provider Cryptocompare has revealed on May 20. Among top fiat-to-crypto platforms, monthly […]
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