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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Blockchain 

Blockchain Tech Cannot Be Uninvented or Stopped

Andreas Antonopoulos is a well-known bitcoin (BTC) educator and crypto commentator, as well as a security and decentralized systems expert. His 2014 book, Mastering Bitcoin, gave an in-depth technical analysis of the top cryptocurrency and a solid foundation of the crypto revolution’s beginnings. In a recent interview, Cointelegraph spoke with Antonopoulos on what he believes is the future of blockchain’s social impact, what’s going on with the current crypto market volatility, and what is still missing in the crypto space. This interview has been edited and condensed. Crypto market volatility:…

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Blockchain 

Tech Startup Fluree Raises Nearly $5 Million in Seed Round for Blockchain Database

North Carolina-based Fluree has raised $4.7 million in its first funding round for the company’s blockchain-based database system, according to a report by Tech Crunch on June 3. The firm’s blockchain database product, FlureeDB, purports to be “an immutable, time-ordered blockchain database” according to its documentation. Additionally, users can reportedly choose to run the database privately or on a federated blockchain network. CEO Brian Platz explained: “If you want 100% decentralization, something like Bitcoin, it’s going to be slow. You can’t have your cake and eat it too. If you…

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Blockchain 

Blockchain Tech Used by Enterprises at Risk of Becoming Obsolete Within 18 Months

Research firm Gartner has warned that 90% of the blockchain technology used by enterprises will need to be replaced within the next 18 months, tech site ITPro reported on June 3. The company’s senior research director, Adrian Lee, said the industry’s fragmented nature means the technology implemented by some companies is at risk of becoming obsolete or insecure by 2021. Lee also said blockchain vendors often use marketing messages that fail to address an enterprise’s needs — leaving companies confused as to how decentralized platforms work, and whether they would add any net…

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Blockchain 

‘This Tech Can Solve the Trust Crisis’

Head of Blockchain and Distributed Ledger Technology at the World Economic Forum (WEF), Sheila Warren, claims that blockchain could be a solution to the worsening trust crisis globally. Warren made her comments during an interview with Cointelegraph on May 31. During the interview, Warren claimed that public trust towards governments, banks, media and institutions, namely in the U.S., is “rapidly eroding.” She then noted that she thinks that blockchain, if used correctly, can be a solution to this problem: “This technology could provide access to information that could enable third…

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Bitcoin 

World Economic Forum Forms Tech Policy Councils for Blockchain, AI, IoT

The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29. Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The boards — allegedly composed by over 200 leaders from the public and private sectors, civil society and academia — will also gather regularly to address the absence of clearly defined rules. The announcement notes…

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Blockchain 

Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project

Indian tech firm Mphasis — majority-owned by the American multinational private equity firm Blackstone Group — has partnered with blockchain tech giant Bitfury on a trade finance project, Reuters reported on May 28. The report notes that Blackstone owns 52.3% of Mphasis, which is listed on the National Stock Exchange of India. According to Reuters, details of the Mphasis-Bitfury project are still evolving, but Mphasis’ senior vice president and global head of payments Andres Ricaurte has reportedly stated that: “Our goal is to accelerate the disruption and transformation in the…

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