Diamonds Are Blockchain’s Best Friend: How DLT Helps Tracking Gems and Prevents Fraud

Russia’s Ministry of Education and Science introduced a blockchain platform for tracking diamonds. Last week, Russia’s Ministry of Education and Science introduced a blockchain-enabled platform for tracking diamonds. Indeed, blockchain has been bringing transparency into the diamond industry — a complex ecosystem where corruption and irresponsible mining appear to be largely present. Self-regulation in the […]

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Blockchain’s Main Strengths Are Transparency and Instantaneity: HSBC Exec

Béatrice Collot, Head of Global Trade at HSBC, said that transparency and instantaneity are two central strengths of blockchain. Transparency and instantaneity are the main strengths of blockchain technology, an HSBC executive claimed in an interview with French business and tech journal L’Usine Digitale, Feb. 4. Béatrice Collot, Head of Global Trade and Receivable Finance […]

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Chinese District Food and Drug Administration to Use Blockchain for Quality Assurance

The Food and Drug Administration of the Chinese Chongqing Yuzhong District is set to employ blockchain technology. The Food and Drug Administration of the Chinese Chongqing Yuzhong District is going to apply blockchain technology to its operations, the official newspaper of the Chinese Communist Party, The People’s Daily, reports on Jan. 31. Blockchain will purportedly […]

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Fidelity Cryptocurrency Platform Enters ‘Final Testing’ Stages

Fidelity’s cryptocurrency trading and custody platform has purportedly entered the “final testing” stages. American financial services giant Fidelity said that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” in a Medium blog post on Jan. 31. Per the announcement, the firm is currently providing services to a small, […]

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