European Parliament Welcomes Blockchain Adoption in Trade

European Parliament Welcomes Blockchain Adoption in Trade

Blockchain hype is popping up all over the world. With blockchain being new technology that has great potential to shape the future, many countries around the world are starting to think about how it could play a role for them, and whether they can lead innovation in the area. The EU is no exception. There are currently 28 member states in the EU, and many of the countries that make up the political and economic…

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Congressman Davidson’s Controversial Idea to Crowdfund the US-Mexico Wall with Cryptocurrency

Congressman Davidson’s Controversial Idea to Crowdfund the US-Mexico Wall with Cryptocurrency

President Trump’s proposal to build a wall across the US-Mexico border has been steeped in controversy since it was first mentioned during the election. One of Trump’s plans for the wall, and one that has surprised the public is that Mexico will pay for it. Trump first stated that Mexico will pay for the wall in June 2015, and he hasn’t backed down on this idea either. Earlier this week on 13 December 2018, Trump…

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French MPs Want Government to Invest 500 Million Euros in Blockchain

French MPs Want Government to Invest 500 Million Euros in Blockchain

Blockchain technology is set to become the catalyst in the next technological mini-revolution. Even as cryptocurrencies saw a steady decline of their prices throughout 2018, blockchain technology has been getting a lot of attention in the tech industry. Only after the hype of crypto currencies have died down that the tech pundits and industry giants like IBM, Amazon, Walmart, Unilever, and Samsung are realizing the powers of the underlying technology of all cryptocurrencies. For-profit organizations…

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Samsung Steps into the Crypto Game with 3 Blockchain Trademarks

Samsung Steps into the Crypto Game with 3 Blockchain Trademarks

‘Blockchain KeyStore’, ‘Blockchain key box’ and ‘Blockchain Core’ are the names of the three patents that Samsung has filed applications for according to a report by Dutch tech news blog Galaxy Club. These requested patents clearly indicate Samsung’s intent to step into the blockchain industry. The three trademark requests relate to providing crypto custody services on smartphones. Even as overall blockchain-powered cryptocurrencies have seen a downtrend throughout 2018, some of the biggest names in the…

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PayPal Launches Blockchain Employee Reward Scheme

PayPal Launches Blockchain Employee Reward Scheme

PayPal, the global online payments company, has reportedly announced internally last week that it is giving its employees a crash course in crypto token economics. Cheddar, the the financial news site, reported on the story on December 6. Cheddar reported that PayPal’s program was launched in mid-November and was engineered by the internal innovation team over a six month period. Employees at PayPal are given tokens, which they can access through PayPal’s internal website. If employees…

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UNICEF Invests in Six Blockchain Projects to Help Children in Dangerous Areas

UNICEF Invests in Six Blockchain Projects to Help Children in Dangerous Areas

It was announced yesterday, Monday December 10, that The United Nations International Children’s Emergency Fund (UNICEF) plans to invest in six blockchain projects. The investment is being done through UNICEF’s Innovation Fund, and the six projects exist in emerging markets. Each of the six blockchain projects will receive up to $100,000 USD. The companies in question are Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers. These companies were six of more than 100 applications…

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Second Largest Bank in South Korea Adopts Blockchain Technology to Improve Banking Services

Second Largest Bank in South Korea Adopts Blockchain Technology to Improve Banking Services

South Korean local media reported on Monday, the 10th of December 2018 that Shinhan Bank, a leading South Korean bank, has begun a process of implementing blockchain solutions in its daily working process. This project is part of a broader plan that aims to integrate new technologies with traditional financial services systems. A bank official who spoke on the condition of anonymity stated the following: Prior to the blockchain-based process, there had been no standardized…

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