Report: Hong Kong Banks Should Explore Blockchain Tech Despite Regulatory Hurdles

Report: Hong Kong Banks Should Explore Blockchain Tech Despite Regulatory Hurdles The FinTech market, particularly with blockchain technologies, is expected to flourish in Hong Kong in 2017 due to increased cooperation between Fintech and financial services firms, a KPMG report has claimed. In its “Hong Kong Banking Outlook 2017” [PDF] report, the services giant cites…

South African Fintech Firm to Launch Blockchain-based Identity Verification in 2017

South African Fintech Firm to Launch Blockchain-based Identity Verification in 2017 South African fintech company ThisIsMe (TIM), which focuses on identity verification, has announced that it will be adding blockchain technology to boost its services and is expected to go live in 2017. More companies are turning their attention to bitcoin’s underlying distributed ledger, the…

IBM to Launch Blockchain Ecosystem While “Rapidly Expanding” Blockchain Capabilities

IBM to Launch Blockchain Ecosystem While “Rapidly Expanding” Blockchain Capabilities “Blockchain has the potential to transform the way industries conduct business transactions,” writes IBM in their most recent press release. “This will require a complete ecosystem of industry players working together, allowing businesses to benefit from the network effect of blockchain.” IBM announced yesterday a…

A16z, USV Invest $10 Million in Blockchain Token Trading Firm

A16z, USV Invest $10 Million in Blockchain Token Trading Firm A startup that specializes in the trading of blockchain-based assets has raised a $10m fund backed by Andreessen Horowitz (A16z) and Union Square Ventures (USV), among other undisclosed investors. Led by Coinbase veteran Olaf Carlson-Wee, Polychain Capital intends to invest in so-called “protocol tokens” or…

War Against Encryption: German Intelligence Agency Targets WhatsApp, Telegram

War Against Encryption: German Intelligence Agency Targets WhatsApp, Telegram The interception of private correspondence is always a touchy subject. On one hand there are questions of privacy and on the other hand state security. There are many people who are willing to trade privacy for security in an era which is dominated by terrorism, strife…

Delhi University College Introduces Digital Cards for Cashless Transactions

Delhi University College Introduces Digital Cards for Cashless Transactions ADelhi University college has turned its attention to digital identity cards for students that can also be used to make cashless payments to the college, reports The Asian Age. Two months ago Laxmibai College launched the digital cards, which has a Radio Frequency Identification (RFID) chip…