BLOCKCHAIN

Dutch Bank Inks Five-Year Deal With R3

Dutch Bank Inks Five-Year Deal With R3

BLOCKCHAIN, BTC MANAGER
ING and R3 announced on January 22, 2019, that they have entered into a five-year deal that gives ING rights to the use of R3’s Corda platform across their business operations. Corda Goes Global According to a January 22, 2019 statement, ING, a Dutch Bank, and R3 have entered into a partnership that will see ING haunch access to R3’s blockchain platform. The agreement is to last for a five-year period and during this time, ING will have unlimited licenses to R3’s Corda Enterprise platform. The platform will be deployed for ING business operations around the globe, particularly its Dapps. According to R3, many of its Dapps already in production are designed for a variety of business functions such as trade finance, identity, insurance, and capital markets, which means ING will have a wide
London Stock Exchange’s ‘Matching Machine’ to Be Deployed on Hong Kong-based Crypto Exchange

London Stock Exchange’s ‘Matching Machine’ to Be Deployed on Hong Kong-based Crypto Exchange

BLOCKCHAIN, BTC MANAGER
 On January 22, 2019, it was announced that the Millennium Exchange matching engine used by the London Stock Exchange would be deployed for the first time on a cryptocurrency exchange, namely AAX, an upcoming Hong Kong-based exchange. Matching the New World A January 22, 2019 press release announced that AAX, a soon-to-be-launched digital asset exchange, will be making use of the Millennium Exchange matching engine which is the matching engine used by the London Stock Exchange (LSE). Source: Wikimedia Commons The new Hong Kong-based exchange is a product of the ATOM Group and will be the first-ever cryptocurrency exchange to make use of the technology. Previously, the technology has been used by HKEX, the Johannesburg Stock Exchange and the Singapore Exchange. Ann Neidenbach, CIO, LSEG
[Guest Post] Will Blockchain Help Streamline Data Management?

[Guest Post] Will Blockchain Help Streamline Data Management?

BLOCKCHAIN, CRYPTOCURRENCY
by Rae SteinbachThe digital age has obviously yielded major benefits for businesses. That said, keeping up with technological shifts can be challenging. A major struggle organizations often face is data management. Solutions businesses may have relied on in the past are no longer sufficient for managing large volumes of data. Even relatively new approaches, such as using third-party cloud storage providers, aren’t ideal. A business that entrusts a third party with its data must be confident that data is secure. This isn’t always guaranteed. On top of that, cloud storage systems can’t always be relied upon to perform quickly enough to meet the needs of customers. Organizations must consider stronger data management solutions that offer enhanced security and reliability. For example, your bu
Blockchain Startup to Boost Patient Safety and Prevent Overprescribing

Blockchain Startup to Boost Patient Safety and Prevent Overprescribing

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
A blockchain solution has unveiled bold plans to make the United Kingdom’s medicine market safer by creating a system that prevents patients from ordering the same prescription from multiple pharmacies while stopping counterfeit drugs from making their way into the supply chain.MediConnect states that introducing new safeguarding for the public and the health care industry can save money and potentially lives. The motivation for the startup came after the company’s founders discovered the extent and impact of oversupply via the National Health Service (NHS) and private health care providers.A lack of data sharing means patients can make multiple prescription orders across several websites in a matter of minutes — an issue of concern for regulators given the growing levels of drug dependenc
Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues

Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Blockchain-based smart contracts indubitably fall subject to private international law, a legal expert has argued in a post published to Oxford University’s Business Law Blog today, Jan. 23.Giesela Rühl — a professor of Private International Law and co-director of the Centre for European Studies at the Friedrich Schiller University in Jena, Germany — entitled her analysis “The Law Applicable to Smart Contracts, or Much Ado About Nothing?” As the title implies, the report argues that the presumed friction between smart contracts and established legal precedent may be over-exaggerated.Professor Rühl opened her argument with the observation that:“[T]he initial hopes that smart contracts will free the exchange of goods and services from national laws do not seem to come true. Indeed, the class
Ripple and Major Beijing University Launch Blockchain Research Scholarship

Ripple and Major Beijing University Launch Blockchain Research Scholarship

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY, RIPPLE
A major Chinese research university has launched a blockchain research scholarship with the support of Ripple, according to a press release published on Jan. 18.In collaboration with blockchain payments firm Ripple, the Institute for Fintech Research at Beijing’s Tsinghua University (THUIFR) has announced the Blockchain Technology Research Scholarship Program (BRSP). The program reportedly intends to bring together the best graduate students in China in 2019 to study global blockchain regulations and industry development.Participants in the new educational program will reportedly have access to advanced knowledge in the blockchain space, as well be able to take part in corporate events and visits.Ivy Gao, Director of International Cooperation and Development at THUIFR, stressed that the BR
Bitcoin Wallet Xapo Leaves Hong Kong for Switzerland Due to ‘Opaque’ Regulations

Bitcoin Wallet Xapo Leaves Hong Kong for Switzerland Due to ‘Opaque’ Regulations

BITCOIN, BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Major global Bitcoin (BTC) wallet Xapo will relocate key business operations from Hong Kong to Switzerland, according to Swiss news agency Swissinfo on Jan. 21.Speaking at the World Web Forum in Zurich, the wallet’s president Ted Rogers revealed that the main purpose of the move was the search for a better crypto regulatory environment.According to Xapo’s president, Hong Kong used to be thought of as “the holy grail of crypto regulations,” but that in fact the jurisdiction has “become more opaque.”Rogers argued that he always considered Switzerland “the right place” for blockchain and crypto-related projects to flourish, stating that Swiss regulators are “smart, interested and sophisticated in dealing with the financial markets.”According to the report, Xapo’s geographic transfer of operat
First Cannabis Validation Testing Program Reaches Markets to Create Much Needed Transparency

First Cannabis Validation Testing Program Reaches Markets to Create Much Needed Transparency

BLOCKCHAIN
Share with:BLOCKStrain Technology Corp. has recently, in a partnership with WeedMD Inc. created the world’s first cannabis validation testing program. CFN Media Group, the leading agency and financial media network dedicated to the North American cannabis industry, just published an article discussing the valuable partnership.advertisement The cannabis industry has recently been expanding at a breakneck pace across North America and around the world. While the industry is heavily regulated, the rapid growth rates have led some companies to cut corners and favor quantity over quality. Contaminated and mislabeled products have become commonplace as regulators struggle to find ways to ensure product safety and efficacy without making costs so high that the black market returns. BLOCKStrain T

Blockchain Industries Merges with Bithumb ahead of U.S. Listing

BLOCKCHAIN, BTC MANAGER
U.S.-listed Blockchain Industries has signed a binding letter of intent to merge with Singapore-based holding company BTHMB, a move that would mark the first reverse merger in the country, according to the press release on January 22, 2019. Reverse Merger Bithumb, one of the world’s largest cryptocurrency exchanges by trading volume, could very soon become the world’s first publicly traded exchange. Bithumb‘s parent company, Singapore-based holding firm BTHMB, has announced its intention to list in the U.S. by merging with a company that is already publicly listed in the country. Blockchain Industries, a holding company, announced it had signed a binding letter of intent with BTHMB, which is being renamed Blockchain Exchange Alliance. Presently, Blockchain Industries trades publicly on U.
New EOSIO Protocol a Favorite among Developers and Enterprises

New EOSIO Protocol a Favorite among Developers and Enterprises

BITCOIN, BLOCKCHAIN, BTC MANAGER, EOS, ETHEREUM
Despite being less than seven months old, Block.one’s EOSIO blockchain protocol is already a favorite among enterprises and developers as there are currently more than 250 projects being built on the network, the company announced in a blog post on January 21, 2019. Developers Flock to EOS Following Latest Update The EOSIO blockchain protocol published by Block.one is on its way to breaking all kinds of records when it comes to blockchain adoption and it’s not even a year old. With over 260 different projects being built on the network, it’s safe to say that the platform has become a favorite among developers. According to Blocktivity, EOSIO is the most used blockchain in the world, as its platform offers developers the opportunity to build services that have real-world utility. Many enter