Blockchain 

Japanese Financial Services Giant Monex Wants to Join Facebook’s Libra

Online brokerage Monex Group Inc., owner of the hacked Japanese crypto exchange Coincheck, plans to join the Facebook Libra cryptocurrency project. A report from Cointelegraph Japan today, July 26, reveals that Monex Group’s CEO Oki Matsumoto announced the company had filed an application to join the Libra Association during a press conference on Monex’s Q2 2019 financial results earlier this week. The Libra Association is the newly-established, independent governance consortium for Facebook’s planned stablecoin, dubbed Libra, and is currently negotiating with a host of other potential members — including Visa,…

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Bitcoin 

McDonald’s, Nestlé and Virgin Media Join Blockchain in Advertising Pilot

McDonald’s, Nestlé and Virgin Media have joined a new blockchain pilot seeking to increase transparency in advertising online. Developed by the Joint Industry Committee for Web Standards (Jicwebs) — a British United digital ad trading standards body — the new initiative aims to assess the potential of blockchain in the digital ad supply chain, as business media outlet Campaign reports on July 16.  First announced in May 2019, the Jicwebs’ blockchain-powered pilot is now joined by global industry giants’ respective media agencies, Zenith, OMD UK and Manning Gottlieb OMD, who…

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Cryptocurrency 

Crypto News Today | Poloniex Now Accepts Cards, Will Gemini Join Libra?

The cryptocurrency sphere is bustling today. Crypto news regarding Poloniex is causing a stir. The exchange will now accepts credit cards and bank accounts. Elsewhere, prominent crypto-advocates the Winklevoss twins, along with their Gemini exchange, might be buddying up with Facebook’s Libra. Let’s check this out. Crypto News Making Moves Major cryptocurrency exchange Poloniex has announced that customers can now use credit cards and bank accounts on the platform. It announced the move in a Medium post published yesterday. The release states that users from over 80 countries can now…

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Blockchain 

Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China

Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20. According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards as well as monitoring driving behavior. The report includes a statement from Chief Innovation Officer at Wanxiang, Vincent Wang, who goes into more detail on such applications, saying: “Imagine a smart transit system that…

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Blockchain 

Visa Set to Join the Expanding Field of Blockchain-Based International Payment Providers

Visa has launched a payment system for business-to-business (B2B) transactions partially based on blockchain technology. The United States payment behemoth says its platform, called Visa B2B Connect, offers seamless cross-border payment processing for institutional clients without going through the complex web of third-party intermediaries. In doing so, Visa becomes the latest entrant into the blockchain-based payment processing arena. This move brings the company into direct competition with cryptocurrency startups like Ripple and mainstream players, such as Barclays and BNY Mellon with their Utility Settlement Coin (USC) project under the aegis of the Fnality Consortium. Visa…

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Blockchain 

World’s Second and Fourth Biggest Shipping Firms Join Maersk’s Blockchain Platform

Two leading global shipping firms, Mediterranean Shipping Co (MSC) and CMA CGM, have joined blockchain shipping platform TradeLens, Reuters reports on May 28. Switzerland-based MSC, the world’s second-largest shipping company, and French CMA CGM, reportedly the fourth-largest container shipping firm, have joined the blockchain platform developed by the world’s largest logistics company Maersk and tech giant IBM. As previously reported, blockchain-powered shipping solution TradeLens intends to reduce paperwork and associated costs and time in the logistics industry — which reportedly accounts for $4 trillion — with over 80% of the…

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Blockchain 

Three French Banks Join R3 Corda Blockchain-Based Loans Platform

British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous pilots back in 2017. Based on blockchain consortium R3’s open source blockchain platform Corda Enterprise, Finastra’s Fusion LenderComm reportedly enables banks to instantly share credit agreements, accrual balances and position data to lenders. Cécile Bartenieff, Chief Operating Officer of Global Banking and Investor Solutions at…

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Blockchain 

Ecuadorian Shrimp Producers Join IBM’s Blockchain-Based Food Trust Ecosystem

The Ecuador-based Sustainable Shrimp Partnership (SSP) is joining IBM’s Food Trust Ecosystem, using IBM’s blockchain technology to ensure the quality of SSP shrimp products, according to a press release on May 6. By joining the Food Trust Ecosystem, retailers and consumers will have access to production and development data on the SSP shrimp products. Director of SSP Pamela Nath said: “Our aim is to have SSP premium quality shrimp in supermarkets and on menus where the consumer can scan the QR code and find out which farm it is from,…

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Blockchain 

Four Leading US Drug Companies Join Blockchain Project to Manage Chargebacks

Pfizer Inc. and other leading American pharmaceutical companies have joined a project to build a blockchain network for the health and pharmaceutical industry, according to a press release on May 2.   McKesson Corporation, AmerisourceBergen Corporation, Premier Inc. and Pfizer Inc. have joined the MediLedger Project Contracting and Chargebacks working group. MediLedger — which is an initiative of San Francisco-based blockchain tech company Chronicled Inc. —  is designed to reduce costs and make processes more efficient in data sharing by developing a common network. The solution will purportedly automate the…

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Blockchain 

UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a “short-term and small-scale basis.” According to the regulator, the startup uses a “central blockchain-based store of information” to verify identities and documents online from original sources. Meanwhile, Fintech Delivery Panel Partners has been given permission to test a “decentralized digital identity platform using machine learning identity verification and blockchain-based key…

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