Australia Poised to Create National Blockchain With IBM Tech

An Australian federal agency is developing a blockchain that will allow businesses to carry out transactions based on smart legal contracts. The Commonwealth Scientific and Industrial Research Organization (CSIRO)¬†said¬†on Wednesday that its research arm, Data61, is working with law firm Herbert Smith Freehills and IBM to conduct a pilot for a new platform called the¬†Australian […]

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Search Giant Baidu to Censor Crypto Discussions on Its Online Forum

Chinese search giant Baidu is reportedly moving to block cryptocurrency-related content on its online forums. China Times, a Beijing-based business media outlet,¬†reported¬†on Sunday that Baidu is seeking to restrict or outright ban forum topics that discuss crypto-related activities on Baidu Tieba, the firm’s Reddit-like online platform. “Currently, the company has toughened its scrutiny over digital […]

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Singapore's stock exchange

Singapore Stock Exchange Taps Blockchain for Faster Settlements

Singapore’s stock exchange is working with the Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, to utilize blockchain in a bid to improve the efficiency of securities settlements. The Singapore Exchange (SGX) said in a¬†release¬†on Friday that the collaboration is aimed at scaling up the country’s Delivery versus Payment (DvP) capacity so […]

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MetLife Asia

MetLife Asia Affiliate Trials Blockchain Insurance Product

LumenLab, an affiliate to insurance giant MetLife’s Asia bureau, has successfully trialed a blockchain-powered insurance product to offer financial protection to pregnant women with a risk of gestational diabetes. According to¬†a news release¬†published Monday, the product, dubbed “Vitana,” will connect its customers’ electronic medical records to their mobile devices to issue a policy in just […]

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blockchain explorer

A Canadian Government Body Has Built an Ethereum Blockchain Explorer

The National Research Council of Canada (NRC) announced Monday that¬†it has built an ethereum blockchain explorer. The organization¬†wrote¬†in a news release that its Industrial Research Assistance Program (IRAP) is now hosting the explorer on the InterPlanetary File System (IPFS) through services provided by Bitaccess, a blockchain startup. Using IPFS, it said, ensures web applications are […]

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Blockchain Firm to Raise $24 Billion for Electric Bus Upgrades in China

Blockchain and AI technology company Seven Stars Cloud Group has scored a major deal to help raise¬†$24 billion to fund large-scale electric bus upgrades for China’s biggest full-service operator. According to a¬†press release¬†published Monday, under an exclusive contract made with the National Transportation Capacity Co Ltd (NTS), Seven Stars Cloud will issue fixed income lease […]

Read More Rolls Out Blockchain Platform With Its First App

Chinese e-commerce giant has launched a blockchain-as-a-service platform alongside its first app ‚Äď one that digitally tracks corporate invoices for one of the largest publicly traded insurers in China. According to a¬†release¬†on Friday, said the application moves invoice data for¬†Pacific Insurance onto a distributed network at each step of the issuance cycle, automating […]

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Saudi Arabia

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom. According to a¬†statement¬†issued Sunday, the standing committee warned against trading in cryptocurrencies due to “negative consequences and high risks on traders as they are out of government supervision.” It went on to clarify: “The […]

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