Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup

Chinese bitcoin mining equipment manufacturer Bitmain has invested an undisclosed amount in blockchain data storage startup Lambda, the latter announced last Friday. Bitmain Expands its List of Portfolio Companies The new investment will see to Lambda further developits “secure” blockchain-based infrastructure and decentralized applications, commonly known as dApps. The Singaporean startup has already conducted a tokenized

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U.S. Border Officials to Use Blockchain to Certify Imports Certificates

The U.S. Customs and Border Protection (CBP) has plans to use the blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates According to American Shipper, the new trial will see the agency begin “live fire testing” a blockchain platform to certify imported goods originate from the

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China’s Latest Blockchain Rankings Pins EOS on Top, Bitcoin at #10

China has released its blockchain rankings for August, rating public blockchain networks like Bitcoin and Ethereum based on their application and technology. The rankings, created by China Electronic Information Industry Development Research Institute and the China Software Testing Center, featured the contributions of professors and researchers at the country’s most prestigious educational institutions including Tsinghua

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$23 Billion: Blockchain Pivot to Bring Big Savings for Australia’s Biggest Stock Exchange

The Australian Securities Exchange (ASX) has disclosed that millions of dollars in savings could be generated by Australian firms once the exchange migrates from the existing Clearing House Electronic Subregister System (CHESS) to a blockchain technology-based platform. Currently, it is estimated that the average fee that large investors are charged for clearing and settlement services … Continued

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Chinese Retail Giant JD.com Launches Open Blockchain Platform

JD.com, China’s largest retailer and e-commerce provider, has deployed an open blockchain platform to enable customers to have their own blockchain solutions to improve the transparency, efficiency and security of their operations, the company announced on its corporate blog. The JD Blockchain Open Platform expands the company’s Retail as a Service and will allow customers … Continued

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Cobinhood Founders Raise $20 Million for Blockchain That Processes 1 Million Transactions Per Second

The founders of cryptocurrency exchange Cobinhood are commissioning the development of a new blockchain capable of processing 1 million transactions per second, a massive undertaking given that Bitcoin transaction can take hours to complete and Ethereum transactions range from 1-5 minutes, with even Visa’s ~2000 tx/s being dwarfed in comparison. The company behind the project … Continued

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Capital One Wants to Authenticate Users on a Blockchain

Blockchain adoption continues to rise in the banking sector, with the news that Capital One has applied for a patent to potentially develop a blockchain system that authenticates new users in a secure manner. Capital One is a bank holding company specializing in credit cards and bank loans, making security a primary concern. According to … Continued

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After Months of Waiting, JD.com Launched its Blockchain Platform and Mobile App

JD.com blockchain platform

JD.com has been busy today. On Friday, the Chinese e-commerce company rolled out two new products: a JD.com blockchain platform and a JD.com app. The latter is the platform’s first use case.

Here’s what we know. 

JD.com Blockchain Platform: Officially Live 

Today, JD.com posted a press release, which stated that the company had not only created a blockchain platform but a mobile application as well.

The company decided to both announce and launch the products Friday; this is likely a marketing move to keep the company in the backs of weekend traders’ ...

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UEFA’s New Ticketing System Uses Blockchain Technology

UEFA Ticketing System

The Union of European Football Associations (UEFA) has made quite the revolutionary announcement today. No, Lionel Messi has not quit football or anything like that, rather the announcement revealed the new UEFA ticketing system.

And the new UEFA ticketing system uses blockchain technology. Get in!

The UEFA Ticketing System

UEFA successfully deployed its new blockchain ticketing system via mobile phones.

The system was actually tested first back in May where it was used to sell 50% of the tickets for the 2018 UEFA Europa League final in Lyon and it was successful. ...

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110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain. According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger technology (DLT) to route packages … Continued

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Gnosis Creator: Ethereum Adoption is About dApp Network Effect, Not Users

Martin Köppelmann, the creator of decentralized marketplace Gnosis, has said that the adoption of Ethereum should be measured by the network effect of decentralized applications (dApps), not the number of users on the blockchain network. Interconnected Ecosystem of dApps As a decentralized computing platform, the Ethereum blockchain network enables dApps and users to process data … Continued

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AXS Blockchain Solutions Inc. and Chainlinks Lab Inc. Announce Name Change to LiteLink Technologies Inc. and LiteLink Labs Inc.

Name change

VANCOUVER, British Columbia, August 16, 2018 – LiteLink Technologies Inc. (“LiteLink”) (CSE:BAXS) (FRA: C0B) a leader in blockchain solution development, is pleased to announce that it will change its name from “AXS Blockchain Solutions Inc.” to “LiteLink Technologies Inc.”

Effective at the market opening on August 21, 2018, the common shares of the Company are expected to commence trading on the Canadian Securities Exchange under the Company’s new name and under the trading symbol “LLT”.

To maintain consistency across the brand, recent acquisition, Chainlinks Lab Inc. has also changed its name to LiteLink Labs ...

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South Korea Crypto Industry More Optimistic Than Ever Despite Bear Market

Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto. Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the … Continued

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South Korea Budgets a Trillion Won for Blockchain Tech in 2019

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation … Continued

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Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup

We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a “bitcoin not blockchain” world, but the global banking cabal isn’t ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding

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$11 Million: Identitii Launches Australia’s Second ASX Blockchain IPO

Identitii Limited, a blockchain-based digital identity management innovator, has launched an $11 million IPO on the Australian Securities Exchange (ASX). The Australian company aims to sell 14.6 million shares at the rate of 75 cents per unit. The proceeds will be used for the additional development and marketing of Identitii’s anti-money laundering solution, Serra. The

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Jeju Island Aims to Become an ICO-Friendly Blockchain Hub Inspite of South Korea Ban

South Korea’s Jeju island is proposing a plan to become a blockchain haven wherein initial coin offerings (ICOs) would be allowed in the autonomous province despite the ongoing ban in the mainland. According to a report by the JoongAng Daily on Monday, the governor of Jeju Island has formally proposed that the central government of … Continued

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India’s Govt Considers Allowing Crypto Tokens for Metro Cards, Airline Tickets: Report

India’s government is reportedly mulling the launch of crypto tokens of its own for financial transactions in the country despite an ongoing banking ban on decentralized cryptocurrencies. An inter-governmental committee tasked to study and propose a regulatory roadmap for the cryptocurrency sector is also examining the usability of crypto tokens in the public sector, domestic

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Blockchain for Bureaucrats: China’s Communist Party Publishes DLT Primer

People’s Daily Publishing House, led by the Chinese Community party, has published a book on blockchain technology titled Blockchain – A Guide for Officials, which will cover all aspects of the new technology and serve as a guide for bureaucrats. The news was first reported by local media outlet People’s Network. The book provides details of distributed … Continued

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IBM Files Patent for a Blockchain Database Management System

Industry giant and proactive decentralized tech mover IBM has filed a patent for certain aspects of blockchain technology, a newly published document revealed. The patent for “Managing a Database Management System using a Blockchain Database” explains the IBM’s intention to build a reliable database tampering detection system (IDT-DS). The proposed system would detect inconsistencies in a set … Continued

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