The International Monetary Fund (IMF) has issued a Financial System Stability Assessment Report on the Malta Financial Services Authority (MFSA). The report states that there are alarming gaps in MFSA’s regulatory framework for anti-money laundering and combating financing of terrorism. Also, Malta-based blockchain companies are finding difficulty in opening bank accounts. The IMF has recommended employing of more resources to supervise blockchain and cryptocurrency service providers.
ExxonMobil and Chevron, along with five other global oil and gas firms, have signed a partnership agreement to form Oil & Gas Blockchain Consortium. The consortium will conduct proofs of concept for exploration of the potentials of blockchain technology, and promote global adoption of the technology.
The controversy of cryptocurrencies is not going to die any sooner. Right from the time of start till date, crypto investors have always been on a roller coaster journey. Out of many, here are a few cryptocurrency scams that looted people and left them bankrupt during 2018. Check them out! $530 Million Hack in Japan […]
The Indian Institute of Management, Calcutta (IIM, Calcutta) has announced its plans to launch an advanced program in FinTech and financial blockchain technology. The institute will collaborate with TalentSprint, a digital platform that offers Machine Learning, Artificial Intelligence, and Blockchain courses, to accomplish the goal. It will offer the program in IIM Calcutta’s premises as well as via TalentSprint’s online platform.
Due to easy-to-use interfaces and fast processings, Web-based and mobile applications have become the current trend. Every industry is keenly involved in developing feature loaded apps aimed at attracting more customers and growing their businesses. After seeing tremendous success of app-based businesses such as Uber, Netflix, Zomato, etc., there has been a steep rise in […]
Sony and Fujitsu have developed a blockchain-based encrypted database platform for Japanese language proficiency documents. The database is claimed to prevent frauds related to Japanese language proficiency tests, as foreign students usually tend to attain fake documents to receive resident status in Japan. Using the blockchain-powered platform, certificates can be verified and authenticated with data registered on the blockchain, the company said.
Telefónica, Spain’s telecom company, has partnered with Microsoft to use blockchain and Artificial intelligence (AI) in expanding its digital innovation. As stated, Telefónica will leverage Microsoft’s Azure platform to build new services tailored for the telecoms industry. The company is already using AI to improve its customer relationships and is looking forward to reaping more benefits of Azure AI.
Mercedes-Benz, owned by Daimler AG, has partnered with Icertis, a provider of contract management software for enterprise businesses, to launch another blockchain-based pilot project. The pilot will focus on analyzing how blockchain can improve the documentation of contracts in supply chain, thereby helping Daimler to explore better third-party suppliers with greater transparency.
Until a few years back, consumer expectations were much less. Unlike today, they did not mind waiting even for a week or so, to get an order delivered at their doorstep. However, the current scenario is completely different; customers not only give preference to an item’s quality and price, but also their turnaround times. Today, […]
Siemens has conducted a blockchain-based money market security transaction pilot, in collaboration with Commerzbank, a banking and financial services provider in Germany, and automotive company Continental. The pilot was carried out in January, where Continental acted as the security issuer, Commerzbank provided R3’s Corda-based blockchain platform, and Siemens acted as an investor. As per sources, the results demonstrated transactions with greater flexibility, efficiency and transparency.