Börse Stuttgart Group, Germany’s exchange, has signed a strategic partnership with solarisBank, a Berlin-based fintech company, to build zero-free crypto trading platform. The exchange has also announced its plans to develop a mobile trading app, named BISON, in collaboration with Sowa Labs, a software development company.

Facebook has confirmed its intent to expand its business model by entering into the world of cryptocurrency and blockchain technologies. In May 2018, the firm started a blockchain development department to focus on research and development of Blockchain technologies. The division has hired more than 40 new members in the department, many of whom are former PayPal executives.

The African government has announced its firm belief on blockchain to curb corruption and ghost workers in public sectors. The Tanzanian government has turned to blockchain technology to address such problems. Along with Tanzania, countries such as Uganda, South Africa, Ethiopia, Nigeria, Ghana and other African nations are also trying to adopt blockchain technology to fight against corruption issues.

The European Parliament has announced a provisional resolution aimed at increasing the adoption of blockchain technology in trade and administration. Termed as ‘Blockchain: a forward-looking trade policy’, the resolution describes blockchain technology as a private and permissioned distributed ledger technology that has the potential to benefit various case studies and industries.