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Nike Receives Approval for Patent of Blockchain-Enabled Sneakers ‘CryptoKicks’

Posted on December 12, 2019December 12, 2019 by Rehan Yousaf

Nike has recently become a patent holder for a new and innovative sneakers called ‘CryptoKicks.’ CryptoKicks use blockchain technology to attach digital assets such as cryptocurrency to a material product. They are the up and coming vision for Nike as the popularity of cryptocurrency grows in developed nations. In addition to storing digital assets, the new sneakers will also make use of blockchain technology to ensure a safety measure to verify the validity of the…

Numerous Japanese Banks Join JPMorgan’s Blockchain-Powered Network

Posted on December 11, 2019December 11, 2019 by Rehan Yousaf

JPMorgan Chase, one of the largest global banking corporations based in the United States, has reached worldwide influence with its blockchain-powered Interbank Information Network, a service that allows banks to share information fast and easily. The Director of Financial Sales Corporation Daizaburo Arai, based in the Tokyo branch of the company, said that the service is functional in Europe, the US and Asia across multitudinous financial institutions as Japanese banks have started showing a growing…

Binance Adds Chinese Blockchain Startup DappReview to Its Shopping List

Posted on December 5, 2019December 5, 2019 by Rehan Yousaf

Christmas came early – for the crypto exchange giant Binance, I guess. Crypto news making rounds shows that the crypto exchange is not ready to slam the brakes on its shopping spree just yet. In fact, it just acquired the Chinese blockchain data startup, DappReview. DappReview happens to be one of the biggest information and analytics platforms for blockchain-oriented dapps. Joining forces with Binance will, undoubtedly, create a strong propellant for crypto, which just might…

Research: Blockchain and IoT to Save The Food Industry Up to $31 Billion

Posted on December 2, 2019December 2, 2019 by Julie Williams

Juniper Research – a firm known for providing research and analytical services to the global hi-tech communications sector – just released an astounding research showing the amazing impact blockchain and the Internet of Things (IoT) would have in the coming years. The paper, tagged Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030, gives an in-depth insight into how powerful the IoT and blockchain could be if they are used side by side. According to the…

Red Cross Movement Provides Poor Kenyan Communities Blockchain Cash

Posted on November 28, 2019November 28, 2019 by Julie Williams

Responding to the humanitarian crisis in Kenya, the Red Cross Movement turned to blockchain to help uplift rural and slum communities. While it took the Red Cross Movement and other organizations 15 years to realize cash can be handed to victims of disasters, it’s good news to know that newer and more lasting solutions are tested. After two years of careful planning, the Red Cross societies of Kenya, Norway, and Denmark jointly released a lasting…

President Trump’s University Offers Crypto Course Despite his Anti-Crypto Stance

Posted on November 25, 2019November 25, 2019 by Julie Williams

A growing number of universities are happily welcoming cryptocurrency and blockchain as a course of study. Despite some controversies that surround this particular financial technology, it is glaring how much positive effort is being put to understand the rather complicated new digital means of payment. Amusingly, the latest crypto-friendly university member is the alma mater of President Donald Trump: The Wharton School of the University of Pennsylvania. If you have been following the latest crypto…

Senior Alibaba Executive: The Movie Industry Needs Blockchain to Grow

Posted on November 25, 2019November 25, 2019 by Julie Williams

Blockchain technology has been famed as having a ton of potential. While that has been proven true for the financial world and even the art world, the Senior Vice President (VP) of Alibaba Pictures, Li Jie, strongly believes that the technology can be used to foster the growth of the movie industry as well, especially China’s movie industry. Speaking at the Forum on Chinese Film Investment and Development, Senior Vice President Li urged his audience…

Hahn Air Explores Blockchain Tickets with Travel Distribution Platform Winding Tree

Posted on November 19, 2019November 19, 2019 by Rehan Yousaf

Hahn Air, one of the most prominent airline distribution companies, has become a pioneer in establishing itself as the first airline in the world to issue a real-world ticket through blockchain technology. Blockchain-powered tickets will be available on ‘Winding Tree’ which is decentralized travel network powered by blockchain. The company has also become the first airline to cater passengers with tickets powered by blockchain on a flight scheduled from Dusseldorf to Luxemburg. The passengers holding…

Visa Creates Blockchain-Based Fintech Data Management System ‘LucidiTEE’

Posted on November 19, 2019November 19, 2019 by Rehan Yousaf

Visa, one of the largest global payment solution providers, has come up with its own data management tool which is entirely based on blockchain. The new blockchain system, called LucidiTEE, is poised to replace the legacy fintech data management software. Visa’s Research and Development wing has published a paper based on the workings of the system. It includes a comprehensive report on the design and evaluation of the new tool which has placed significant emphasis…

China’s Military Newspaper Suggests Soldiers to be Rewarded in Cryptocurrency

Posted on November 17, 2019November 17, 2019 by Julie Williams

Thanks to President Xi Jinping’s recent game-changing comments about blockchain, the official newspaper of the People’s Liberation Army (PLA), PLA Daily, appears to be poised to see military personnel paid and encouraged in cryptocurrencies as opposed to the Yuan. According to a pro-crypto write-up published by the PLA’s paper, the technology should not be exclusive to civilians. There are a ton of use cases that the technology can offer the military sector. The article opines:…

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