Blockchain 

Maltese Government Awards 19 Blockchain Scholarships Using DLT Fund

The Maltese government has awarded 19 students blockchain scholarships worth a total of 160,000 euro ($179,000), local publication the Malta Independent reports May 23. The scholarships were granted by Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy and Innovation, using the $351,000 scholarship fund that was set up by Malta Digital Innovation Authority (MITA) and the University of Malta in August 2018. According to the Malta Independent, all the awardees will further apply for a Master’s degree in blockchain and distributed ledger technologies (DLT), with separate groups of students…

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Blockchain 

E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System

Chinese e-commerce giant Alibaba will integrate blockchain technology into its intellectual property system of global enterprises and brands, local news outlet Sohu reported on May 23. Ali Xizhi, the company’s director of intellectual property protection, reportedly said that Alibaba is in the process of upgrading the filing of intellectual property rights by utilizing blockchain. Alibaba is planning to fully implement the technology in September, after which it will be expanded to digital copyright protection, including visual content. The system will purportedly allow electronic deposits from international brands to directly link…

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Blockchain 

Blockchain Firm Raises $4 Million From Draper’s VC Fund to Provide Uncensorable Domains

San Francisco-based blockchain domains firm Unstoppable Domains has secured $4 million in a funding round backed by venture capitalist Tim Draper, co-founder Brad Kam told Cointelegraph in an email on May 23. Following a $730,000 seed round led by investment firm Boost VC, Unstoppable Domains has carried out a Series A round led by venture capital fund Draper Associates. The previous investment was completed in December 2018, a press release notes. The new investment funds will be used in the company’s mission to provide blockchain-powered uncensorable websites, as well as…

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Blockchain 

Enterprise Ethereum Alliance Releases Report on Blockchain Use Cases in Real Estate

The Enterprise Ethereum Alliance (EEA) has detailed several blockchain use cases relevant to the real estate industry in a report shared with Cointelegraph on May 23. The document is reportedly the result of several months of work by the group’s members, which includes over 50 real estate companies. The report describes four use cases, the first of which is the idea of tokenizing properties to allow for more granular investment in an official way. The EEA also believes that blockchain has the potential to shorten the process of recording and…

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Blockchain 

Company Behind Fortnite Epic Games Partners With Blockchain Gaming Platform The Abyss

Epic Games, the company that developed successful videogame Fortnite, announced that it has partnered with blockchain game distribution platform The Abyss in a press release shared with Cointelegraph on May 23. The press release notes that the partnership will allow developers on the platform access to the Unreal Developers Network. Epic’s Unreal Engine requires developers to make quarterly payments equivalent to 5% of their returns, once they earned over $3,000. The engine is often employed by so-called triple-A or blockbuster games, and is known for being one of the engines…

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Blockchain 

South Korean Gov’t Announces Second Study Group for Blockchain Regulations

The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21. The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption. The Blockchain Regulation Improvement Study Group was launched in June of last year, and initially focused on improving legal regulations pertaining to blockchain…

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Blockchain 

Four Banks Successfully Test New Blockchain Platform for Processing Promissory Note Loans

A group of four banks have successfully issued a promissory note — a type of legally binding loan agreement — through a new blockchain platform, a news release on May 21 announced. The financial institutions used finledger to complete the transaction. According to Helaba, one of the banks involved, the platform reduces the steps involved with issuing such a note by more than 50%. As well as eliminating the need for lenders to hold documents or for borrowers to send valuables, the banks claimed the technology helps cut the risks and costs associated with…

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Blockchain 

Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product

CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21. As reported, CULedger joined the R3 global blockchain ecosystem in December 2018. The blockchain CUSO implements the technology to improve cybersecurity and mitigate fraud risks, as well as to streamline administrative and operational processes for the credit union industry. CULedger also provides a specific blockchain-based identification solution for credit union members. CULedger’s forthcoming…

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Blockchain 

New Zealand Blockchain Group to Request Government Blockchain Strategy

New Zealand-based blockchain industry group BlockchainNZ announced that it will request a national blockchain strategy from the government next Thursday, according to a press release on May 21. The executive director of Blockchain NZ, Mark Pascall, will give a presentation to the New Zealand parliament’s economic development, science and innovation select committee hearing on the potential economic advantages of implementing blockchain tech solutions in the country. The presentation will reportedly serve as an introductory seminar on blockchain, bitcoin, smart contracts, security tokens, and decentralized autonomous organisations. Pascall commented that Blockchain…

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Blockchain 

Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents

Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20. The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by the Intellectual Property Center of China Information and Communication. According to interpretation of the data provided by Intellectual Property Center of China Information and Communication, JD.com was in first place for “global blockchain patent…

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