How could DLT improve the traditional finance industry, and what adoption challenges lie ahead? Very few banks, or even countries, emerged unscathed from the rubble of the 2008 global financial crisis. The aftermath of the worldwide recession coincided with profound technological innovation and breakthroughs that have forced banks and other financial service providers to reconsider […]
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The blockchain tech industry has dramatically changed over the past 10 years: Here’s what you should know about it. Blockchain is no longer just the backbone of Bitcoin (BTC) or cryptocurrencies. It is more than that. Its application in various industries is as wide as the seas. And despite the technology’s limitations and challenges, demand […]
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The COO of blockchain payments and ID firm Nuggets has been named as Booking.com’s entrepreneur of the year. Booking.com selected Seema Johnson, the co-founder and COO of blockchain-based payments and ID platform Nuggets, as Entrepreneur of the Year in the company’s Technology Playmaker Awards on April 9. The Playmaker Awards were launched by the global travel […]
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As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies. Businesses in Abu Dhabi, the capital of the United Arab Emirates’, or UAE, are increasingly embracing blockchain technology as local regulators move towards adopting inclusive legislation regarding crypto assets. Though Abu Dhabi Global Market, or ADGM, announced its […]
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Ethical egg distribution company Farmers Hen House is using blockchain to let consumers trace the origin of their produce. Farmer’s Hen House, an egg grading and distribution company that works with local farmers in Iowa, has partnered with blockchain-based food traceability company, Bytable. As of April 15, Farmer’s Hen House eggs are sold in cartons […]
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The Russian Ministry of Communications added Waves Enterprise to the Unified Register of Russian Software for Computers and Databases. The Russian Ministry of Communications has added Waves Enterprise to the Unified Register of Russian Software for Computers and Databases. Documents published by the Russian Ministry of Communications on April 7 reveal that Waves Enterprise was […]
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The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once […]
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China brings together 15 organizations to develop national standards for blockchain and DLT. The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15 […]
Continue ReadingGibraltar’s digital and financial services minister has revealed updates to the territory’s regulation of DLT firms, with new rules addressing market manipulation. Gibraltar’s minister for digital and financial services, Albert Isola, has announced forthcoming regulations to reduce market manipulation among blockchain firms. In an interview with The Banker published April 10, Isola also discussed his […]
Continue ReadingBlockchain tech is definitely needed and has proved its place as the technology of the future. Meanwhile, there is still a lot to be done. I have a feeling that a lot of businesses still don’t understand why they need blockchain, while others may believe they need it just because they think it’s another fashionable […]
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