The People’s Bank of China Undertakes Five-Year Blockchain Development Plan

The People’s Bank of China Undertakes Five-Year Blockchain Development Plan   The People’s Bank of China (PBoC) is releasing new details about a forthcoming five-year development plan focused on its strategy for advancing technology use in the country’s domestic financial industry. According to the announcement by the central bank, the PBoC intends to actively push forward the development of…

Bank of China Announce Blockchain R&D in Financial Applications

Bank of China Announce Blockchain R&D in Financial Applications   The Bank of China is partnering with Tencent, one of the country’s biggest internet companies, to trial blockchain technology in financial applications. The two firms announced the partnership last week, revealing the creation of a new joint research space for the development of new products. Artificial intelligence and blockchain are two major areas of…

Japan’s Largest Retailer AEON to Develop Blockchain Payments Platform Supporting Digital Currencies

Japan’s Largest Retailer AEON to Develop Blockchain Payments Platform Supporting Digital Currencies   Japanese retail giant AEON and IBM Japan are building a blockchain financial services & payments platform for consumers and enterprises in Asia. AEON, Japan’s largest retailer, also offers a slate of financial services including banking, credit and micro-finance to customers in Japan…

Visa Will Build New Payment Rail Leveraging Blockchain Technology

Visa Will Build New Payment Rail Leveraging Blockchain Technology   In another sign of the times, Visa, the international credit card and banking institution, is actively seeking Blockchain experts to add to their tech engineering teams. This should come as no surprise, especially considering the explosion of interest in Blockchain technology among banking firms over the past year.…

Dubai’s Initiatives Makes it the Front-Runner in Blockchain Adoption

Dubai’s Initiatives Makes it the Front-Runner in Blockchain Adoption   Blockchain technology has become the holy grail of the technology sector. Its endless capabilities have influenced the development and implementation of distributed ledger based solutions in virtually every industry and government. However, not all countries are equally involved in the new initiative. Some of them,…

US General Services Administration is Exploring Blockchain to Modernize Contract Process

US General Services Administration is Exploring Blockchain to Modernize Contract Process   The US government’s main logistical agency is looking at blockchain as a way to re-envision its contract review process. According to a request for quotation published on 19th June, the General Services Administration is looking for a contractor to help it assess how blockchain could…

China’s City District is Using Blockchain to Streamline Government Services

China’s City District is Using Blockchain to Streamline Government Services   A city district in southern China is using blockchain to streamline government services for its one million residents. Chan Cheng District, within Foshan City in Canton province, announced during an event on 23rd June the launch of a platform called Intelligent Multifunctional Identity (IMI) that lets registered local residents avoid…

Japan is Looking to Upgrade Property Record Systems Using Blockchain

Japan is Looking to Upgrade Property Record Systems Using Blockchain   Japanese authorities are looking into using bitcoin’s blockchain technology to better manage their property and rela estate records. Since the Mt. Gox hacking incident, the Japanese government has carefully tried to properly regulate the bitcoin trading market in the whole country. In April 2017, the Japanese…

IBM Enters Deal to Develop Truck and Goods Tracker With Blockchain

IBM Enters Deal to Develop Truck and Goods Tracker With Blockchain   IBM has struck yet another notable deal in Latin America. Announced today, a partnership between IBM and AOS, a Colombian provider of logistics solutions, finds the two firms developing a new blockchain and Internet of Things (IoT) solution for the logistics business. Being built with IBM Blockchain and IBM Watson…