The Deputy Prime Minister of Thailand has called for more regulation on cryptocurrencies, urging experts not to lag in developing new security practices. The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov. 8. While Thailand introduced a regulatory framework for cryptocurrencies […]
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Revenue Department of Thailand to use blockchain and machine learning to tackle tax avoidance and fraud. The Thai Revenue Department has revealed its plans to track tax payments using blockchain and maсhine learning, local news outlet Bangkok Post reported Nov. 5. Ekniti Nitithanprapas, the Revenue Department’s director-general, told reporters that blockchain will be used to […]
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HSBC India and India’s holding giant Reliance Industries have completed a joint blockchain-enabled trade finance transaction. The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4. The blockchain-powered […]
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A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched Oct. 31 in Hong Kong. A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched this week in Hong Kong, Reuters reported Oct. 31. The […]
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A new partnership sees a major Canadian bank leveraging both blockchain and smart contracts. A major Canadian commercial bank will use blockchain to simplify the process banks use to issue transactions, a press release confirmed Oct. 21. In partnership with IT and business consulting services firm CGI and blockchain startup Skuchain, the National Bank of […]
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The Uzbek city of Tashkent has signed a deal with a Russian startup to digitize patent records and make intellectual property profitable. A Russian intellectual property startup has signed a memorandum with officials from Uzbek capital Tashkent to integrate blockchain for use in copyright, Russian state news agency TASS reports Tuesday, Oct. 16. The president […]
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HSBC and Standard Chartered have vowed to continue supporting Chinese companies amid ongoing trade tensions, according to reports Wednesday (October 10). Global Trade Review said the FIs, which operate as two of the largest trade finance providers in Asia, have emphasized their commitment to the Chinese market and existing government initiatives including Made In China […]
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Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export. The Thai Ministry of Commerce has begun to conduct feasibility studies on the use of blockchain in copyright, agriculture, and trade finance, English-language Thai newspaper Bangkok Post reports Tuesday, Oct. 9. A Thai official […]
Continue ReadingOrigins are all the rage in modern life: origin stories, family origins via DNA and digital ancestry databases. Add to that Walmart’s latest effort to gain more grocery market share: using blockchain technology to trace the origin of the food sold by the retailer back to the farms from which it came. The idea is […]
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Source: Mark Jones, Blockchain Technology News The use of distributed ledger technology (DLT) could lead to a $1T boost in trade finance available to small and medium-sized enterprises (SMEs) in emerging markets. That’s owed to its potential to mitigate credit risk, lower fees and remove barriers to trade, according to research by the World Economic […]
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