SMBC conducted a proof-of-concept of R3’s Marco Polo with a multinational Japanese player. Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18. SMBC, which is the only Japanese bank participating […]
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Germany is consulting companies and industry groups that could become stakeholders in the country’s blockchain development. The German government is consulting companies and industry groups that could become stakeholders in the country’s blockchain development, Reuters reports on Feb. 18. The unnamed companies and groups have reportedly been invited to supply recommendations from this week onwards. […]
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JPMorgan Chase is launching its own cryptocurrency in a first for U.S. banking. On Feb. 14, United States banking behemoth JPMorgan Chase announced its own cryptocurrency. Significantly, it is the first time a major U.S. bank has tapped into digital assets for direct use in business operations. It is fair to say that move comes […]
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A deeper look into ICE’s digital assets platform backed by Microsoft and Starbucks. Last week, the CEO of the Intercontinental Exchange (ICE) said that the firm’s digital asset platform, Bakkt, is expected to launch later in 2019. It is time to look deeper into the project, and see what it can bring to the crypto […]
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The Liechtensteinian postal service will offer crypto exchange service in one of its offices in Vaduz starting this week. Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14. The postal service will allow customers to exchange their […]
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Netherlands-based tech company ElaadNL has devised a PoC for a smart grid using IOTA Tangle technology. Dutch technology company ElaadNL has developed a Proof of Concept (PoC) for a smart power grid for electric vehicles using internet of things (IoT)-focused IOTA Tangle technology, according to the company’s announcement on Feb. 14. Per the announcement, the […]
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U.S. banking giant JPMorgan Chase will begin conducting tests of its bespoke coin in the next several months, an executive said. United States banking giant JPMorgan Chase (JPM) is launching its own cryptocurrency in a U.S. banking first, CNBC reported on Feb. 14. In a move commentators may see as unlikely, the multinational lender will […]
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The South Korean bank has filed 46 blockchain-related patents to connect new technology and banking systems through the tech. South Korea’s largest foreign exchange bank — Korea Exchange Bank (KEB Hana Bank) — has announced that it has filed 46 patent applications for business models related to blockchain, business technology news website ZDNet reports on […]
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U.K. revenue and customs watchdog postpones the trial of its blockchain solution in the wake of Brexit. Her Majesty’s Revenue and Customs (HMRC) has delayed further work on a successful blockchain project in the wake of Brexit, according to a written parliamentary statement published Feb. 7. The question about the distributed ledger project for customs […]
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London-headquartered financial services firm Standard Chartered has signed an MoU with Tencent-backed Chinese firm Linklogis to use its blockchain platform. London-headquartered multinational banking and financial services firm Standard Chartered has signed a memorandum of understanding (MoU) with Tencent-backed Chinese fintech firm Linklogis. The agreement, reported by financial technology news site Finextra on Feb. 12, will […]
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