Archive | Blockchain

Blockchain insurance industry initiative B3i adds 3 new members

February 13th, 2017 by

Italian insurer Generali Group, French reinsurer SCOR and German reinsurer Hannover Re are new additions to the blockchain insurance industry initiative B3i. The B3i project was launched in October, an effort aimed at providing a way for insurers like Allianz and Swiss Re, among others, to swap information and collaboratively test prototypes and use cases. […]

Indian bitcoin companies launch blockchain and virtual currency association

February 13th, 2017 by

Bitcoin companies in India namely Zebpay, Unocoin, Coinsecure and Searchtrade have formed Blockchain and Virtual currency Association of India (BVAI) in order to engage with the regulators. The formation of BVAI follows the recent notice by the country’s central bank, The Reserve Bank of India (RBI), cautioning users when engaging in bitcoin-related activities. The startups […]

IBM launches blockchain initiative with Dubai government

February 10th, 2017 by

IBM has teamed up with six Dubai-based public and private organizations in an effort to advance the country’s government blockchain strategy. IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider DUTECH, to explore the use of blockchain for a trade finance and logistics solution for the import and re-export process of goods […]

ESMA: Regulating blockchain would be premature

February 9th, 2017 by

The European Securities and Markets Authority (ESMA) released a report on Distributed Ledger Technology (DLT), which sets out its views on the technology, the tech’s possible applications, benefits, risks and how it maps to existing EU regulation. The agency has revealed it believes regulating blockchain technology at this time would be premature. The ESMA has […]

Bitfury partners with the Republic of Georgia to expand blockchain land-titling project

February 9th, 2017 by

Bitfury Group signed a new Memorandum of Understanding with the Georgian National Agency of Public Registry (NAPR) to develop and use a system for registering land titles. “The Bitfury Group is moving full speed ahead with the innovative government of the Republic of Georgia to advance the creation of Blockchain technology pilot projects, including our […]

Hawaiian legislators want to explore blockchain tech to help tourism

February 7th, 2017 by

Two Hawaiian politicians have submitted a bill that proposes setting up of a working group dedicated to digital currency and blockchain technology. This project is sponsored by Democratic Representatives Chris Lee and Mark Nakashima. The aim of this project is to seek to have blockchain technology benefit local industries, tourism, residents and the state of […]

Wall Street Blockchain Alliance launches new Blockchain Assets Working Group

February 3rd, 2017 by

The Wall Street Blockchain Alliance (WSBA) has set up a new working group – the Blockchain Assets Working Group (BAWG). The Blockchain Assets Working Group is chaired by Chris Burniske, Blockchain Products Lead at ARK Investment Management, and will explore a number of facets of this emerging asset class, including underlying technologies, development teams, economics, […]

Procivis launches blockchain e-government platform

January 31st, 2017 by

Swiss blockchain startup Procivis announced its proof of concept for a blockchain-backed e-government platform. Describing it as an “e-government as a service platform,” the Procivis platform is designed to “enable the digitization of societies and the provision of online public services across the globe.” E-government services are a promising example how blockchain technology can be […]

Cisco, Bosch and others create an IoT blockchain consortium

January 31st, 2017 by

Bosch, Cisco, BNY Mellon and other innovative Fortune 500 companies has decided to unite efforts to adopt the blockchain to Internet of Things applications. The formation of the consortium follows the December meeting that saw representatives from a group of industry-leading startups and discussed the challenges facing blockchain and IoT applications and the potential for […]

The People’s Bank of China is testing a blockchain-based digital currency

January 30th, 2017 by

The People’s Bank of China (PBOC) completed a successful trial run of a digital bank acceptance exchange, moving closer to becoming the first central bank in the world to research and test its own blockchain-based digital currency. According to sources from the PBOC, the central bank on Dec. 15 completed the trial in transactions and […]