Blockchain technology

EY Japan to fight counterfeit sake with blockchain

EY Japan to Fight Fraudulent Sale of Fruit & Sake with Blockchain in Asia

Japan-based global accountancy firm Ernst & Young has announced its plans to launch an ideal blockchain system for tracking and tracing Japanese fruit & sake. It ensures the prevention of fraudulent products’ sales in the Asian country. As per Asian Nikkei Review, SAKE Blockchain by EY Japan will soon be rolled out across Asia once […]

Blockchain in Oil and Gas Management

Argentina’s Natural Gas Regulator ‘Enargas’ Launches Blockchain Network

Enargas which is considered Argentina’s biggest natural gas regulator has recently approved a blockchain-based gas distribution tracking platform. The system was already piloted by a local distributor which is servicing over 2 million residents in the country. According to an announcement on March 18, the system – named Gasnet – was authorized for nationwide expansion. […]

Blockchain in Agriculture

Blockchain for Australian Farmers: A Shield Against Worsening Climate

Australian farmers are all too familiar with dry and erratic weather conditions affecting day-to-day business. Reports over the last 20 years demonstrate that these conditions will only worsen – with an increased climate estimated to have reduced yearly profits by 22%. The current bushfire season has had a disastrous impact on the agricultural industry. NASA […]

Blockchain Development Across South Korea

South Korean Government to Grant $3.2M to Blockchain Companies

Two South Korean ministries have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology. The Ministry of Science and ICT (Information and Communications Technology) and the Ministry of Information and Communication Industry Promotion will […]

Binance and WazirX sets up $50M

Binance & WazirX Sets Up $50M Indian Blockchain Fund to Foster Growth

Global decentralized cryptocurrency exchange Binance Group and WazirX are going to share the same stage to foster the growth of the Indian startup ecosystem. The collaboration has set up a $50 million (Rs 370 Crore) blockchain technology fund for India weeks after the Supreme Court struck down the curbs on cryptocurrency trade in the country. […]

Blockchain technology in air cargo industry

Air Cargo Industry Could Save $400M Per Year with Innovative Blockchain Tech

Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12 announcement. Blockchain Platform brings down cost and improves efficiency Blockchain technology allows air cargo companies to digitally […]

standard chartered bank

Standard Chartered Bank Joins IBM & Maersk’s Blockchain Shipping Platform

Standard Chartered Bank has become the first financial institution to join TradeLens, the global blockchain shipping platform created by IBM and the Danish logistics giant Maersk. The London-headquartered bank announced its decision on March 10, with global head of trade, Michael Spiegel, stating that digital ecosystems like TradeLens have the potential to promote the sustainability […]

Verizon use blockchain technology

Verizon Boosts Security Portfolio with Blockchain Technology

Verizon Business has announced the inclusion of new security services, including two new administration and identity access systems using blockchain technology. These are Verizon Identity (VID) and Verizon Machine State Integrity, which are modeled with a blockchain environment, according to the US technology firm on 5th March. In the case of VID, identity information is […]

Walmart Joins Hyperledger

Walmart Joins Hyperledger Alongside Seven Other Companies

Walmart has become the latest major conglomerate to join open-source blockchain consortium Hyperledger. Walmart is among eight new members to join the platform. The new members were announced on 3rd March at the Hyperledger Global Forum 2020 in Phoenix, Arizona. Sanjay Radhakrishnan, the VP of Walmart Global Tech, expressed excitement in joining the platform, stating: […]

Argentina suspends blockchain system to register companies online

Argentina Suspends Blockchain System to Register Companies Online

The government of Argentina has announced that it is suspending the national blockchain-based mechanism to register new companies for a period of 180 days. The measure, according to statements made by Ricardo Nissen to La Nacion, who is the head of the General Inspectorate of Justice (IGJ), seeks to reorder the registration of new companies […]