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Technology

World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread

With coronavirus (COVID-19) prevention measures necessitating self-isolation and social distancing, Friend of the Sea (FOS), a World Sustainability Organization’s project for seafood certification, has embraced blockchain-enabled virtual audits to mitigate the expansion of this pandemic. As a result, FOS has eradicated onsite scrutinies because safety is of the essence during these trying times.

Brian Njuguna

Apr 23, 2020

| 2 Min Read

#FRIEND OF THE SEA (FOS) #SEAFOOD CERTIFICATION #BLOCKCHAIN #COVID-19 #CORONAVIRUS #TECHNOLOGY #VIRTUAL AUDIT

CBDC:Americas

Argentina’s Central Bank Set to Prove Non-Crypto Use Cases of Blockchain Technology with its New Clearing System

The Central Bank of Argentina (BCRA) is now looking to test a blockchain-based clearing system to be used by the country’s major financial institutions. The aim of the blockchain clearing system is to provide efficiencies for fiat payments and enable them to be more reliable and to provide end-to-end traceability.

Sarah Tran

Apr 21, 2020

| 2 Min Read

#ARGENTINA #BCRA #BBVA #SANTANDER #CENTRAL BANK #CBDC #TECHNOLOGY #BLOCKCHAIN

Analysis

Five Ways Blockchain Technology is Transforming the Automotive Industry

Blockchain, as a secure and unique sort of encryption, has the potential to be one among the critical technologies that make it possible for the automotive industry to breakthrough into the new era of smart vehicles.

Keshab Singha

Apr 18, 2020

| 4 Min Read

#BLOCKCHAIN #AUTOMOTIVE #TECHNOLOGY

Opinion

Five Myths People Have About Cryptocurrencies Debunked

Cryptocurrency has now been in the market for a decade, and its introduction enabled it to join the ranks of fiat currencies as a potential means of payment. However, the majority of consumers still hold wrong beliefs about cryptocurrencies. This explains the reason for the low adoption of cryptos.

Nicholas Otieno

Apr 18, 2020

| 4 Min Read

#CRYPTOCURRENCY MYTHS #BLOCKCHAIN #CRYPTOCURRENCIES #CRYPTO #TECHNOLOGY

Libra

Facebook’s Libra Move to Apply for Swiss Regulator FINMA License: A Failed Permissionless Network?

Libra is moving away from its original plan of permissionless digital currency, widely accessible for the public, due to ongoing unprecedented hardship. Libra will be moving towards a coin that would be subject to foreign exchange controls and regulations.

Sarah Tran

Apr 17, 2020

| 3 Min Read

#LIBRA #FACEBOOK #PERMISSIONLESS #BLOCKCHAIN #TECHNOLOGY

CBDC

China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project.

Sarah Tran

Apr 16, 2020

| 2 Min Read

#CHINA #DCEP #CBDC #SUZHOU #SHENZHEN #TECHNOLOGY #DIGITAL CURRENCY #FACEBOOK #LIBRA

Industry

Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology

The Nanshan government of Shenzhen, in the southern Guangdong province in China, has recently announced an agreement with electronics giant Huawei Technologies to establish an information technology center, accelerating the application of technologies including blockchain, artificial intelligence in the district.

Sarah Tran

Apr 14, 2020

| 2 Min Read

#TECHNOLOGY #HUAWEI #BLOCKCHAIN #AI #CHINA #NANSHAN #SHENZHEN

Opinion

Google Integrates Blockchain Technology to Root Out Fraudulent Actors

Google claimed that they started integrating blockchain technology into their exchange is security theater, since they would essentially write themselves out of the deal between advertisers and publishers if Google were to create an immutable, open, distributed public ledger for its exchange.

Melissa Sussmann

Apr 13, 2020

| 4 Min Read

#BLOCKCHAIN #SECURITY #GOOGLE #ADWORDS #TECHNOLOGY

Industry

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity.

Sarah Tran

Apr 08, 2020

| 2 Min Read

#INVESTMENT #VC #VENTURE CAPITAL #CHINA #TECH #TECHNOLOGY #BLOCKCHAIN #FINTECH #AI #ARTIFICIAL INTELLIGENCE

Industry

The World Economic Forum Highlighted Blockchain and Digitization to Address COVID-19 Supply Chain Disruption

The World Economic Forum (WEF) published a report on the importance of blockchain in supply chain disruption amid the coronavirus pandemic. Although the report suggested that blockchain may not be able to support the damage caused by the impact of COVID-19 directly, it may help with supply chain visibility.

Sarah Tran

Apr 07, 2020

| 2 Min Read

#WEF #WORLD ECONOMIC FORUM #BLOCKCHAIN #TECHNOLOGY #SUPPLY CHAIN #DIGITIZATION