Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT. According to Hong Kong’s […]
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Turkish İşbank and German Commerzbank completed the first blockchain-based trade finance transaction between the two countries. A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts. İşbank, the first Turkish bank to join R3’s Corda platform […]
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Blockchain-based supply chain solutions proliferate, as VeChain establishes partnerships with fresh meat suppliers. Traceability-focused blockchain project, VeChain, has announced a partnership with China’s Shenzhen Yuhongtai Foods Company. This will allow Shenzhen to track pork products distributed by the retailer’s subsidiary, Meijiada Fresh Foods. The partnership will see detailed information concerning how pork sold by Meijiada […]
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Crypto custody firms are mostly treated like traditional assets, ignoring the uniqueness of digital assets and its various complexities. The business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on May 29 that it had expanded […]
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Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists. Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain technology has been widely recognized, […]
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Mexico’s blockchain sector is producing robust growth, with the sector having nearly doubled in size since 2018. Mexico’s blockchain and financial technology, or fintech, industries have nearly doubled in size over just two years, according to data provided to Cointelegraph by blockchain-focused law firm, Legal Paradox. The firm estimates that Mexico’s fintech and blockchain sector […]
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Understanding business requirements before technology solutions is necessary to drive emerging tokenized ecosystems. Microsoft, IBM, Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed […]
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Crypto exchange DeCurret is leading Japan’s three megabanks in a study group to look into developing a national digital settlement infrastructure. Digital asset exchange DeCurret is leading Japan’s three megabanks in a new study group to look into developing a national digital settlement infrastructure. Convening with the oversight of the central bank and the country’s […]
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As Germany shuts down all nuclear and coal-based energy production, blockchain is underpinning many renewable energy platforms. With Germany aiming to decommission all nuclear power generation in the country by 2022 and all coal-fired stations by 2038, myriad disparate renewable energy producers of various sizes are stepping up to meet demand. Distributed ledger technology is […]
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Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach. On May 26, Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, stated that moving forward, the best way to harness the potential of central bank digital […]
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