Enterprise Ethereum Alliance Launches Initiative to Increase Understanding of Tokenization & Blockchain

Enterprise Ethereum Alliance Launches Initiative to Increase Understanding of Tokenization & Blockchain

Yesterday, April 17, the Enterprise Ethereum Alliance (EEA) announced a new initiative called the Token Taxonomy Initiative aimed at clearly defining a token in easy to understand language. By clearly defining a token and making the definition accessible to people across a variety of industries the hope is that more people can better understand how tokens and blockchain can air their business. The press release states: “The purpose of this initiative is to clearly define…

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After a Rough Year ConsenSys Seeks Raising Capital from Outside Investors

After a Rough Year ConsenSys Seeks Raising Capital from Outside Investors

News making rounds suggest that ConsenSys, one of the world-leading blockchain software technology companies and the a prominent member of the Ethereum world, may be struggling to get back on its feet after a difficult ride in 2018. This indication was fueled by recent moves of the company. First, the company laid off up to 13% of their workforce in December. This is a significant drop from the 1,200 employees that worked in the firm….

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Forbes’ “Blockchain’s Billion Dollar Babies” List Indicates Mainstream Adoption

Forbes’ “Blockchain’s Billion Dollar Babies” List Indicates Mainstream Adoption

Financial news outlet Forbes released a list of “Blockchain’s Billion Dollar Babies,” companies which are working with blockchain and have a minimum revenue or valuation of $1 billion. In the article published on April 16th, the 50 companies listed are carrying out projects powered by Bitcoin, Ethereum and every other cryptocurrency’s underlying technology, blockchain. While the cryptocurrency industry as a whole is facing a brutal bear market that has been going on for over a…

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IBM Partners with Nestle and Carrefour to Promote Blockchain Food Transparency with Mousline

IBM Partners with Nestle and Carrefour to Promote Blockchain Food Transparency with Mousline

Taking blockchain to the food sector has not gained so much traction lately, at least not in comparison to other sectors and industries. The idea, which started with IBM, is yet in its infancy compared to how much has been done through Blockchain in the financial sector. Notwithstanding, some innovative ideas have been explored in the past and signs show that there are many more in the pipeline. A few days back, blockchain in the…

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IMF and World Bank to Educate their Staff about Crypto with “Learning Coin”

IMF and World Bank to Educate their Staff about Crypto with “Learning Coin”

The International Monitory Fund (IMF) and the World Bank have unitedly announced the launch of a private blockchain and cryptocurrency named “Learning Coin.” The goal of this crypto initiative is to educate the staff members of both the IMF and the World Bank with various concepts of blockchain and digital currency. Since their inception, blockchain and cryptocurrencies have been some of the most complex terms to understand and grasp completely; that’s what might be pushing…

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Samsung SDS Announces a Collaboration with Indian IT Giant Mahindra to Employ Blockchain

Samsung SDS Announces a Collaboration with Indian IT Giant Mahindra to Employ Blockchain

An indispensable advantage that blockchain technology brought with it is its propensity to unite several firms together for a common good. Since blockchain came around as a new innovative tech, hundreds of companies and partners including investors and industry players have collaborated to employ its functionalities and push forward its growth and acceptance. In one way or the other, each of these partnerships has been useful to members of the crypto space. That is without…

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The International Chamber of Commerce to Promote Blockchain in Collaboration with Crypto Firm Perlin

The International Chamber of Commerce to Promote Blockchain in Collaboration with Crypto Firm Perlin

The self-proclaimed world’s largest business organization, The International Chamber of Commerce (ICC), has recently announced its collaboration with the Singapore-based blockchain firm Perlin to boost blockchain adoption and take full advantage of its next-generation blockchain technology. Under the leadership of the ICC, its 45 million member businesses across 130 countries will enjoy the benefits of the technology and accelerate mass blockchain adoption by mainstream audiences. In a press release on April 12th Perlin confirmed the…

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Blockchain Analysis Company Chainalysis Advises Against Some FATF Recommendations

Blockchain Analysis Company Chainalysis Advises Against Some FATF Recommendations

In a bid to block off crypto-related loopholes and address other regulatory issues, the Financial Action Task Force (FATF) proposed some recommendations for virtual assets services providers (VASPs) as well as crypto consumers. The FATF is an international organization that has been acknowledged by members of the G20 as the authority to determine proper cryptocurrency regulations. In its draft recommendations on national anti-money laundering and know your customer (KYC) procedures, the FATF recommended that crypto…

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The U.S. Department of Energy Collaborates with Blockchain Firm to Secure the Electric Grid

The U.S. Department of Energy Collaborates with Blockchain Firm to Secure the Electric Grid

The U.S. Department of Energy’s (DOE) National Energy Laboratory (NETL) has announced Phase II of its project to safeguard the electric grid from cyber attacks. The project is blockchain-based with $1 million in research funding and is being conducted in collaboration with a Colorado-based company called Taekion. The press release states: “Through this $1 million research effort, Taekion is exploring how blockchain technology can be used in a similar fashion to secure a power plant,…

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Top Oracle Executive: Half or More of Businesses to Implement Blockchain in a Few Years

Top Oracle Executive: Half or More of Businesses to Implement Blockchain in a Few Years

Frank Xiong, vice president of blockchain product development at Oracle believes that “between 50% and 60% of companies will use blockchain in the next few years.” Mr Xiong made this statement at the Forbes CIO Summit in Half Moon Bay, California on Monday this week. This is a huge prediction for blockchain, but is it true? Blockchain is hugely popular at the moment. In the last few years, there has been a spike in start-up…

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