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South Korean’s Silicon Valley Turns to Blockchain-powered Pay
11.8.2020
Seongnam, a major satellite city on the outskirts of the capital Seoul, South Korea, is set to expand its blockchain-powered payment program with a new digital gift certificate issuance project.
The new platform will make use of an app called Chak, and will be built by the Korea Minting...
South Korean Highways Will Have Blockchain-Powered Toll Payments
9.8.2020
One of the biggest commercial banks in South Korea has partnered with the Korea Expressway Corporation for a blockchain-based toll system
Telecom Giant Says ‘Local Stablecoins, Blockchain’ Powered 19% Growth
8.8.2020
Executives of KT Group in Seoul. South Korea is just one of the countries currently reeling from the effects of the coronavirus pandemic, with economic growth down in most sectors. But one industry – telecommunications – is booming. And blockchain-powered local stablecoins appear to be helping...
Chinese Banks Set to Adopt Blockchain-powered Forfaiting Platform
7.8.2020
The China National Clearing Center (CNCC), the Chinese central bank's settlements and clearing arm, is set to work with three major banks to foster a blockchain-powered forfaiting trading platform – aimed at boosting the efficiency of export financing.
Per Sina, the CNCC has sealed a deal that also...
Tencent to Co-launch Blockchain-powered Wine Traceability Platform
1.8.2020
Source: Adobe/Ekaterina_Molchanova
Chinese tech giant Tencent has unveiled a wine traceability platform using blockchain technology – in conjunction with the nation’s biggest and oldest wine producer.
Per the China News Network, Tencent’s deal with China's biggest winery, Changyu, will be...
Battery Maker LG Chem Makes Blockchain-powered Sustainability Drive
31.7.2020
LG Chem, one of the world’s biggest lithium-ion battery producers, said that it will build a blockchain-powered supply chain traceability platform for its battery products.
The firm, part of the wider LG Group of companies, said that it spent USD 92 million in a sustainability-based R&D...
Guizhou, China, Launches Blockchain-powered Int’l Trading Platform
30.7.2020
Features of Miao ethnic costumes in Guizhou, China. Another Chinese province reported that it is about to launch a blockchain-powered cross-border financial service platform.
Per Haiwainet, Guizhou Province, in China’s mountainous southwest, will launch the initiative this month.
The province’s...
Perth Mint to Launch Blockchain-powered Gold Supply Product in 2021
29.7.2020
Australia’s leading precious metals refinery, Perth Mint, and the Israeli blockchain technology company Security Matters have teamed up to launch what they call a mine-to-marketplace ethical gold supply chain solution.
The companies said the solution will be run by a joint venture named trueGold...
ESPN Announces Online Gaming That Allows Bitcoin Deposits and Withdrawals
26.7.2020
ESPN Global has announced the launch of a blockchain-powered gaming platform, which will allow competitors to deposit and withdraw using bitcoin and other cryptocurrencies through Cryptopay. The platform is also integrating an online treasure hunt, Satoshi’s Treasure, with $1 million worth...
LG Shows off Blockchain-powered Farming System at Seoul Metro Station
22.7.2020
Source: LG U+
South Korean electronics giant LG has created a very public showcase for its blockchain-powered food and agriculture traceability platform – at one of Seoul’s busiest subway stations.
Per Paxnet, LG’s telecoms subsidiary LG U+ and its IT services arm LG CNS have teamed up for...
Verisign Wins US Patent for Blockchain Powered Domain Names
22.7.2020
Verisign, a publicly traded company providing domain name registry services, has been granted a blockchain-based patent
ETC Labs Launches Cohort III To Support Blockchain-Powered Impact Startups
21.7.2020
The globally-acclaimed blockchain platform, Ethereum Classic Labs Accelerator, has proudly announced the launch of its highly-anticipated project, Cohort III. With the dedicated project launch, the ETC Labs team will support the novel initiative, which promotes the use of blockchain for impact...
Chinese Blockchain-powered Cross-border Trade Pilot Handles USD 4.4bn
21.7.2020
Operators of a Chinese blockchain-powered cross-border trade pilot platform are set to expand the platform’s scope – with multi-million dollar trade deals now being conducted in a key testbed area.
Per Haiwainet, the central government is testing the efficacy of the network in the Guangdong-Hong...
Singapore & JPMorgan to Rollout Blockchain-powered Payments Platform
13.7.2020
Singapore’s central bank says its prototype blockchain-powered cross-border payments network is now ready for commercial rollout.
As previously reported, the Monetary Authority of Singapore (MAS) began “industry testing" for its new solution with JPMorgan and the state-operated Singaporean...
The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million
6.7.2020
On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark. The popularity of NFTs has grown massive since 2017, as blockchain cards, collectibles, digital artwork, virtual...
Russian Blockchain-powered Voting Platform ‘Withstands Node Attack’
29.6.2020
The operators of Russia’s blockchain voting system say their platform successfully repelled a hacking attack in the nation’s referendum on constitutional reform.
Blockchain voting is being piloted in the cities of Moscow and Nizhniy Novgorod, and began on June 25. Citizens in both cities were...
Mining, Steel Giants Complete USD14m Blockchain-powered Iron Ore Trade
29.6.2020
One of the world’s largest mining companies, BHP Group, says it has completed a USD 14 million blockchain-powered iron ore transaction with China’s Baosteel – one of the largest steelmaking firms on the planet.
The move follows on from last month’s trade between the two companies that saw...
Wirecard Ex-CEO in Custody, Blockchain-powered Baby Milk + More News
23.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
Ex-CEO of German payment processor and financial services provider Wirecard is in police custody over suspicion...
Japan: SBI to Issue Blockchain-powered Local Gov’t Gift Certificates
19.6.2020
SBI Holdings, a Japanese financial giant, crypto exchange operator and Ripple’s biggest Asia-based partner, is to begin developing blockchain-powered gift certificates with the Fukuoka Chamber of Commerce and Industry.
Per Fisco, via Kabutan, the initiative will be conducted in the city of Ukhia...
Blockchain-powered Cross-border Trade Pilot Claims Breakthrough
12.6.2020
A Chinese pilot zone specializing in free trade and blockchain technology claims to be enjoying blockchain-powered cross-border trade success – while the central government is now getting serious about blockchain-powered cross-border trade, and will draw up a list of “key blockchain...