Blockchain 

Blockchain Healthcare Firm Wins US National Science Foundation Grant

New England-based blockchain firm SimplyVital Health, Inc. has received a $225,000 grant from the United States National Science Foundation (NSF) to research integration of its protocol Nexus with the Graphene protocol. The NSF awarded the grant as part of its Small Business Programs, which contributes $200 million annually to innovative startups and small businesses, according to an Oct. 10 press release from SimplyVital Health. Aiming to decrease healthcare costs SimplyVital will allocate the grant to research and development into integration of the Graphene protocol into its blockchain protocol, Nexus, which…

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Blockchain 

Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre

The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official press release on Oct. 8, the BIS’s first three innovation hubs will be established in Switzerland, Hong Kong and Singapore. The Swiss center will initially focus on two research projects — integration of central bank digital currencies (CBDCs) into a distributed ledger technology infrastructure and analysis of the rising requirements for tracking fast-paced electronic markets by central banks,…

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Blockchain 

US Lawmakers Ask Federal Reserve About National Digital Currency

Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. Fed has the mandate to develop a national digital currency In a Sept. 30 letter to Federal Reserve Board Chairman Jerome Powell, U.S. Representatives French Hill and Bill Foster expressed concerns that the importance of the U.S. dollar could be in jeopardy “from wide adoption of digital fiat currencies.” They stated: “Internationally, the Bank for International Settlements conducted a study that found that…

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Blockchain 

Turkey Announces Plans for a National Blockchain Infrastructure

The Turkish government announced its plan to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration. The Republic of Turkey’s Ministry of Industry and Technology announced plans for a “National Blockchain Infrastructure” during its Strategy 2023 presentation on Sept. 18 in Ankara, Turkey. Strategy 2023 emphasizes blockchain and DLT as priorities for the National Technology Initiative in the coming year. The document refers to a Startup Genome survey that marks blockchain as one of the fast-rising tech trends, with a 101.5% increase in early-stage startup funding globally.…

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Blockchain 

Swiss National Bank President Says Stablecoins Could Hamper Policy

Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value and units of account, as they are subject to major fluctuations. Jordan went on to say: “Crypto tokens are more like speculative investment instruments than ‘good’ money in terms of their characteristics. Users typically describe…

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Blockchain 

Sierra Leone Aims to Finish National Blockchain ID System in Late 2019

The government of Sierra Leone plans to fully adopt a blockchain-enabled national identity system by the end of 2019. United Nations involved President of Sierra Leone Julius Maada Bio reportedly claimed that the new infrastructure will allow financial institutions to verify identities and build credit histories, tech publication NFCW reported on Sept. 2. The new project, called the National Digital Identity Platform (NDIP), is a collaboration between the United Nations and San Francisco-based nonprofit Kiva, a key technology partner of Sierra Leone since September 2018. According to the report, the NDIP is being…

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Bitcoin 

Binance Venus Aims to Outshine Libra and Chinese National Crypto?

Within the past 12 months, stablecoins have transformed from a niche idea to tackle the issues of a volatile market into methods of payment championed by some of the world’s biggest and most powerful tech companies.  Facebook’s announcement that it would be supporting the launch of a reserve-backed stablecoin played a vital role in turning around the so-called “crypto winter” by boosting Bitcoin (BTC) prices above $10,000 for the first time in over two years. Since then, the world’s number one cryptocurrency exchange, Binance, has thrown its hat into the…

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Ethereum 

Seychelles to Host First Regulated Tokenized Security on a National Stock Market

Seychelles-based securities exchange MERJ will purportedly list the first regulated security token on a national stock market, according to a report by Bloomberg on June 25. As per the report, these security tokens are digital asset shares that will trade alongside stock for MERJ Exchange Ltd, the company behind the MERJ exchange. The report notes that no specific date has been given for a planned listing, but the MERJ website says that it will add markets for security tokens, digital assets, and hybrid options in H1 2019. According to its…

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Bitcoin 

The Benefits and Drawbacks of National Cryptos, According to Different Jurisdictions

This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already being developed. Meanwhile, the central bank of Russia said it was considering its own cryptocurrency (albeit not in the near future), while the National Bank of Ukraine released a report on the matter. The concept of CBDCs has been steadily drawing the attention of numerous jurisdictions worldwide, but…

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Blockchain 

National Fisheries Institute and IBM’s Food Trust Work on Seafood Blockchain Traceability

United States seafood trade association National Fisheries Institute (NFI) is working with IBM’s blockchain supply chain solution Food Trust to trace seafood, food-related news outlet FoodOnline reports on June 11. Per the report, this is the first effort to track multiple seafood species jointly pursued by multiple companies. Furthermore, NFI members representing harvesters, importers, processors, cold storage, foodservice restaurants and retail are all reportedly involved in the program. The project is purportedly funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O’Scannlain commented on the development: “Traceability is…

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