Fake gold bars found in vault of JPMorgan Chase and elsewhere, with full extent of forgery unknown. Bitcoin’s (BTC) utility over gold has returned to the spotlight after news emerged of thousands of fakes infiltrating the precious metals market. Thousands more fake gold bars could remain undetected As Reuters reported on Aug. 28, the gold […]
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A branch of U.S. Customs and Border Protection will test blockchain-based shipping for licensed shipping partners. A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept. The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late […]
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Per its first comprehensive report on the subject, the Senate of Hamburg expects blockchain tech to grow within the city. The Senate of Hamburg has introduced the first comprehensive report on the development of blockchain activities in the city. Hamburg Senate expects the role of blockchain to increase in the coming years In an […]
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Green policy and crypto energy consumption in the US. Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies, necessitate very high consumption of electric energy, currently produced with coal and fossil fuels with adverse environmental effects. A global shift towards green energy will require the removal […]
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The platform is estimated to automate around 75 million processes each year and save about 12 million sheets of paper per year. German logistics firms partner to jointly create a blockchain tracking platform, local news outlet Tiroler Tageszeitung reports on July 16. Per the report, logistics firms LKW Walter, GS1 Austria, and its EDITEL Austria […]
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A shipping container is reportedly the first to enter the Netherlands having been tracked from South Korean entirely by blockchain. Samsung SDS, Dutch bank ABN AMRO and the Port of Rotterdam have jointly conducted a proof-of-concept (PoC) shipment from South Korea to the Netherlands in which they tracked a container exclusively using an interoperable blockchain […]
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Maritime shipping firms Ocean Network Express and Hapag-Lloyd join blockchain tracking platform TradeLens. Maritime shipping firms Ocean Network Express and Hapag-Lloyd have joined blockchain tracking platform TradeLens, financial news outlet The Wall Street Journal reports on July 2. The Japan-based Ocean Network Express and Germany-based Hapag-Lloyd will join the TradeLens platform launched by Danish logistics […]
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The insurance sector is riddled with inefficiencies — and distributed ledger technology is on a mission to fix them. The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive […]
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The luxe brand founded by former Lady Gaga creative director and Kanye West collaborator Matthew Williams is launching an IOTA-based pilot for supply chain transparency. Alyx — the luxe fashion brand founded by erstwhile Lady Gaga creative director and Kanye West collaborator Matthew Williams — is launching an IOTA-based pilot for supply chain transparency. The […]
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The FDA needs to track drugs by 2023, but will it go with blockchain? Walmart is no stranger to distributed ledger technology (DLT). Back in October 2016, the multinational food retailer began collaborating with IBM on a blockchain-based system that could identify and flag recalled foods. Since then, it has dived into a number of patents […]
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