Lloyds Bank Partners With Blockchain Platform to Streamline Trade Finance

One of the Big Four banks in the U.K., Lloyds Bank, has partnered with blockchain platform Komgo to speed up international commodity trade finance. Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division. Blockchain to streamline international trade process On Sept. 25, United Kingdom financial news outlet FStech reported that […]

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South Korea’s CJ Corp Taps Amazon’s Blockchain for Music Copyrights

South Korea’s conglomerate CJ Corp is deploying Amazon’s centralized blockchain platform to improve music copyright management. An IT arm of South Korea’s major conglomerate CJ Corp is using Amazon’s blockchain tech to improve music copyright management. CJ Corp implementing Amazon Managed Blockchain CJ OliveNetworks, a technology subsidiary of CJ, has reportedly implemented Amazon Managed Blockchain […]

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Central Banker: CBDCs a Flexible Tool for a Zero-Interest Rate World

Chile’s top central banker says the financial system could benefit from central bank digital currencies, particularly in “unconventional” monetary policies. Chile’s central bank governor, Mario Marcel, says central bank digital currencies (CBDC) can provide additional flexibility in a time of “unconventional monetary policies.”  Marcel made the comments in a speech titled “High-level Policy Panel Discussion […]

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Israeli Startup That Allows Offline Crypto Transactions Secures $4M

Israeli cybersecurity startup GK8 developed the world’s first internet-free system for transacting cryptocurrencies. Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system for transacting cryptocurrencies. The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connection, Israeli business news publication […]

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Turkey Announces Plans for National Blockchain Infrastructure

The Turkish government has announced plans to establish a national blockchain infrastructure for public administration applications. The Turkish government has announced plans to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration. The Ministry of Industry and Technology set out its vision during its Strategy 2023 presentation on Sept. 18 in Ankara. […]

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