Blockchain 

Siemens Considers Using Blockchain Tech for Carsharing

Self-proclaimed electrification, automation and digitalization global giant Siemens has shown an interest in adopting blockchain-based solutions. In particular, Siemens is exploring the use of blockchain in the transportation industry, as per a report by Forbes on July 15. According to Siemens Corporate Technology’s head of cybersecurity and blockchain, Andreas Kind, Siemens is looking to incorporate blockchain tech into carsharing via Siemens Mobility — one of Siemens’ subsidiaries. According to the Enterprise CarShare website, carsharing reportedly refers to using or renting a car for a short period of time. As a…

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Blockchain 

Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12. The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial Services Committee.  The document reads:  “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value,…

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Bitcoin 

Digital Tech Is Driving Growth in Transportation Management Systems

A recent market report by Grand View Research suggests that blockchain is one of the digital technologies driving market growth in the global transportation management systems (TMS) sector, according to a press release on July 11. According to Grand View Research, a market research company based in San Francisco, the TMS market is expected to reach $198.82 billion by 2025 with a compound annual growth rate of 16.2%. A number of digital technologies are credited as driving forces for current and projected TMS market growth alongside blockchain, including Artificial Intelligence…

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Blockchain 

IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity

The United States’ Internal Revenue Service (IRS) is allegedly considering requiring tech giants to report on crypto activity by users, according to a presentation reportedly from an IRS presentation and provided by a Twitter user on July 9. According to the documents shared, the IRS hopes to use Grand Jury subpoenas on firms such as Apple, Google and Microsoft to check taxpayers’ download history for crypto-related applications. Known as Crypto Tax Girl, Laura Walter, certified public accountant and crypto tax specialist, tweeted the presentation, which was allegedly for agents in…

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Blockchain 

Blockchain Retains Nominal Role in Cleveland Tech Hub

Tower City Center, which was purported to become a blockchain hub in Ohio, is now slated to become an entrepreneurial center. According to a report by cleveland.com on July 1, the Tower City shopping mall had been struggling financially, and was thought to be receiving an overhaul as a Cleveland-based blockchain center at some point. However, Blockchain Cleveland member Bernie Moreno says that plans have changed. Moreno commented on the new business plan for Tower City today, saying: “I started with a mindset that this could be a blockchain hub,…

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Blockchain 

Oxfam Partners With Tech Firms to Test Dai’s Use in Disaster Aid

International charity organization Oxfam has partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s (DAI) suitability for aid in regions suffering from natural disasters, local news outlet Micky reported on June 17. The parties launched a philanthropic initiative dubbed UnBlocked Cash with the support of the Australian Government. To test the system, Sempo and Oxfam chose purportedly the world’s most natural disaster-prone country, Vanuatu. During the trial, 200 residents of the island Efate were given tap and pay cards containing around 400 vatu each ($50…

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Blockchain 

Malaysia Launches Work Visa Program for Blockchain Tech Professionals

Malaysia has launched a work visa program targeting tech freelancers that addresses a demand for blockchain capable talens, local news outlet the Star reported on June 18. The Malaysia Digital Economy Corporation (MDEC) — a government-owned organization that oversees the tech sector — blockchain organization Nem Foundation and job marketplace Jobbatical have jointly launched the program. The program aims to attract foreign professionals who will have the right to stay in the country for up to 12 months to provide blockchain-related services or undergo training at a Malaysian company. MDEC…

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Ethereum 

Phillipine Government Tech Department Signs Deal With Blockchain Firm

The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19. The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant and advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines. DICT Acting Secretary Eliseo Rio Jr. commented on how the MoA will benefit the Philippines, saying it will “directly benefit our continuous…

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Blockchain 

Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto

In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times. The banks, however, are not looking into an important part of blockchain, which is digital assets, says one influential Korean advocate of alternative currency. In order to assess the Korean blockchain space, it is important to understand how the trend affects existing…

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Bitcoin 

Canadian University Offers Graduate Training in Blockchain Tech

Canadian-based University of British Columbia (UBC) has announced a blockchain and distributed ledger technology training program for master’s and PhD students. UBC announced the development in a press release on June 11. The training path is reportedly designed to build competency around blockchain tech, and is focused on its application in four public benefit areas: health and wellness, clean energy, regulatory technology and Indigenous issues. UBC says they hope to train 139 students over a six-year period, and graduates should have the tools to evaluate blockchain solutions as well as…

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