Search Results for: DLT

China Government set up a Blockchain and DLT Standards Committee

China Government set up a Blockchain and DLT Standards Committee

In the blockchain space, China’s government and its federal authorities are increasingly becoming active in moving forward innovation across the region. The government recently issued an official notice stating that they have set up a technical committee of 15 organizations to formulate national blockchain principles and distributed ledger technology. It comes only three days after […]

CULedger's DLT-based credit union platform is commercially live

CULedger’s DLT-based Credit Union Platform is Commercially Live

As the United States continues to actively embrace blockchain, more new blockchain-powered products supported by national organizations continue to mature. CULedger, a major fintech firm coordinated by an American national trade association, has commercially launched its blockchain identity platform. Formerly known as MyCUID, CULedger’s blockchain-based identity verification solution MemberPass is now commercially available after a […]

walmart canada and dlt labs launch industrial blockchain application

Walmart Canada & DLT Labs Launch Industrial Blockchain Application

Walmart Canada in collaboration with DLT Labs has launched the world’s largest full production blockchain solution for any industrial application. The blockchain-based freight invoice and payment reconciliation solution is now rolling out across Walmart Canada’s 60 transportation carriers. Its primary goal is to increase trust, efficiencies, and savings between Walmart and its carriers. However, all […]

Washington State Issues Bill to Promote Development of Blockchain and DLT

Washington State Issues Bill to Promote Development of Blockchain and DLT

The Washington State has introduced a bill, SB5638, to promote the development of distributed ledger and blockchain technology. The bill is an addition to the already existing act, “Washington Electronic Authentication Act”, with certain revisions in the “purpose and construction” and “definitions” sections. The State has also aligned with companies such as NEM, StormX, RChain, and Stably to build a robust blockchain scene.

SEC

US SEC launches FinHub to better address DLT and Digital Assets

The U.S. Securities and Exchange Commission (SEC) has launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub), to aid its Fintech related activities including Distributed Ledger Technology (DLT) and Digital Assets, as published by officials on Oct. 18.

nigeria blockchain revenue

Nigeria hopes to generate $10B in revenue from blockchain by 2030

The director-general of the National Information Technology Development Agency of Nigeria, or NITDA. Said the country could potentially expect blockchain technology to generate revenues of between $6 billion and $10 billion over the next ten years. Director-General Kashifu Inuwa spoke at a stakeholder meeting in the Nigerian capital of Abuja to review the Agency’s National […]

Reserve Bank of Australia, CBDC

Australia’s Reserve Bank forms partnerships for CBDC research

The financial institution will partner with the Commonwealth Bank, National Australia Bank. The financial services company Perpetual, and software company ConsenSys on a project to explore the potential use of a wholesale central bank digital currency in the country using “Ethereum-based distributed ledger technology”. According to a Nov. 2 announcement from The Reserve Bank of […]

bitcoin

Global Regulation Will Help Crypto Go Mainstream – Former Regulator

According to Nathan Catania, a partner at Gibraltar-based XReg Consulting. A group of former regulators and insurance professionals specialising in the regulation of crypto assets. More quality regulation, such as Gibraltar ‘s updated guidance on crypto companies. Is beneficial for those companies, end users, and the entire crypto space, leading to increased adoption. In some […]