The Chinese province of Yunnan will track their tea supply chain using blockchain technology. The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference […]
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JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure. According to a claim by Harvard Business Review, blockchain will do to banks what the internet did to the media. When it comes to the banks and financial organizations of today, blockchain has the potential to […]
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The People’s Bank of China proposed a blockchain trade financing information platform for the Guangdong-Hong Kong-Macao Greater Bay Area. A number of governing entities in China recently came together to issue an official document, proposing the development of a blockchain-based trade finance platform. Contributors included the People’s Bank of China, the China Banking Regulatory Commission, […]
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Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process. Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, which is built over R3’s Corda. Contour is due for a main-launch later this year. According to a May 11 report by the business news outlet […]
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Analysis of the challenges and benefits of creating blockchain protocols capable of true interoperability. The recent release of a report from the World Economic Forum and Deloitte on blockchain interoperability revealed the true complications of inter-blockchain communication. Cross-chain has been one of the major discussion points in blockchain development circles over the last few […]
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As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life. The United Arab Emirates is approaching its 2021 deadline for migrating at least 50% of all government transactions onto distributed ledger technology-based platforms. Cointelegraph spoke to Leon Smith, the CEO of Dex — an Abu Dhabi-based crypto firm […]
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Companies involved in the blockchain pilot platform praise new systems and claim success with first trades. Recently, a blockchain-backed cross border platform pilot was implemented in the Chinese city of Qingdao. The companies involved have now made their first trades with partners in North America and Southern Asia. As reported on April 22 by local […]
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As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies. Businesses in Abu Dhabi, the capital of the United Arab Emirates’, or UAE, are increasingly embracing blockchain technology as local regulators move towards adopting inclusive legislation regarding crypto assets. Though Abu Dhabi Global Market, or ADGM, announced its […]
Continue ReadingCovantis, a blockchain agritech project run by agribusiness giants like Cargill, is officially established in Geneva and appoints CEO. Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations. Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially […]
Continue ReadingSome of the world’s biggest tech companies have opened their arms to blockchain technology — here’s how they compare. The world’s largest technology companies have made concerted efforts to investigate and integrate blockchain technologies over the past few years. Partly driven by a massive boom in interest caused by Bitcoin’s stellar bull run in 2017, […]
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