Sweden’s central bank just released a massive report on central bank digital currencies. Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona. “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central…
Read more
Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions. Tencent has been expanding its research into blockchain, with the firm registering a series of patents detailing distributed ledger technology (DLT)-based solutions for fund management, and advertising. Chinese media outlet Egsea reported the patents on…
Read more
A Bangeldeshi government agency is collaborating with IBM to harness blockchain for modernizing the country’s digital pension system. IBM has announced an initiative to build a distributed ledger technology, or DLT, based architecture to underpin the digital pension system for Bangladeshi primary school teachers. The proof-of-concept comprises a permissioned network of teachers and other stakeholders…
Read more
Hyperledger has attracted eight new members, spanning firms working on blockchain based supply chain solutions, payments, and token standardization. Eight new members have joined Hyperledger, including several firms targeting tokenization initiatives. Hyperledger is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). Launched in December 2015 by the Linux Foundation,…
Read more
South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients. Major South Korean insurance firm KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients. According to a June 9 report by industry news outlet Ledger Insights, KB will use the system jointly…
Read more
Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT. According to Hong Kong’s…
Read more
Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry. The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry. Kvarøy Arctic is a…
Read more
The art of enacting legislation in a timely fashion requires strong cooperation between regulators and industry officials. “Coming together is a beginning, staying together is progress, and working together is success” — the words of Henry Ford give expression to the spirit of collaboration that defines human progress. His ethos around unity extends to many…
Read more
World’s top ecommerce firm Amazon filed a patent for a blockchain system that tracks goods as they move on the supply chain. World’s top ecommerce firm, Amazon, filed a patent for a blockchain system that tracks goods as they move on the supply chain. Amazon’s patent — dated May 26 — describes a “distributed ledger…
Read more
Equigy, a blockchain platform for managing batteries connected to the electric grid, is expanding its operations in the European Union. Equigy, a blockchain platform for managing batteries connected to the electric grid, is expanding its operations in the European Union. Ecologic technology news outlet, Green Tech Media, reported on May 29 that three major European…
Read more
