Amazing Crypto

Category: Blockchain News

  • South Korean Government to Promote Blockchain Training as Part of ‘4th Industrial Revolution’

    South Korea’s Ministry of Science and ICT will promote the training of blockchain technology as part of an effort to prepare young people for what it calls the “Fourth Industrial Revolution.” Blockchain technology is included in courses that have recently been announced by the Ministry of Science and ICT. The Ministry of Science and ICT…

  • WeChat Trials Using Blockchain Tech to Reimburse Employee Expenses

    WeChat, a messaging, social media and financial services app owned by Tencent Holdings Limited, has deployed a blockchain electronic invoice system at Shenzhen Guomao Rotary Restaurant, making the city of Shenzhen the first in China to issue invoices with blockchain technology. The blockchain invoice process, which encompasses payment, invoicing and reimbursement, was created in partnership…

  • Something’s Brewing at Facebook’s Cryptocurrency Division

    It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports that Facebook’s blockchain research group recently met with Stellar to discuss how the social media conglomerate could leverage distributed…

  • This Free Tool Helps Check Your Diamond’s Provenance on a Blockchain

    Rare Carat, an American company that helps users in finding authentic diamond rings, has partnered with blockchain firm Everledger to launch a product that will keep a track of a diamond’s price, quality and origin. The new product, known as Rare Caret Report, is completely free and can be used both offline and online. In…

  • ‘Big Four’ South Korean Bank Enters Blockchain Pact with Telecom Giant KT

    South Korea’s second-largest bank Shinhan Bank has entered into a partnership with the country’s second-largest telecoms provider KT Corp for the purpose of developing a new blockchain-based platform. The Korea Times reports that the new platform is intended to build on recent moves by regional governments across the country to introduce digital vouchers. Useful Competencies…

  • World Bank Picks Australia’s CBA to Deliver ‘World’s First Blockchain Bond’ on Ethereum

    The Commonwealth Bank of Australia (CBA), the country’s largest bank, has won a mandate from the World Bank to become the sole arranger of a bond exclusively created and managed on a blockchain. Dubbed ‘bond-I’ – Blockchain Offered New Debt Instrument- with a nod to Australia’s famous Bondi beach, the pioneering issue will be the…

  • Microsoft’s New Ethereum Blockchain Product Gets Rid of Mining

    Software giant Microsoft has debuted a new Blockchain as a Service (BaaS) product that allows businesses across industry verticals to deploy a flexible instance of Ethereum tailored specifically for enterprise environments. Announced on Tuesday, Ethereum Proof-of-Authority on Azure allows enterprises to build applications on an Ethereum blockchain that is not secured by a Proof-of-Work (PoW)…

  • West Virginia to Offer Blockchain Voting for This Year’s Midterm Elections

    West Virginia is rolling out a blockchain based mobile voting app so American troops overseas can cast their votes in the upcoming elections, CNN reports. The state had previously used the mobile voting platform, called Voatz app, in a pilot for deployed troops and their dependents in two counties for the state’s primary elections. Secretary…

  • Accenture Hardware Patent Seeks to Enhance Blockchain Security and Scalability

    Professional services firm Accenture has filed a patent which seeks to enhance the speed and security of transactions on blockchains using patented hardware. Besides accelerating the software processes the technology described in the patent titled ‘Hardware Blockchain Acceleration’ will also improve the security of the applications supporting the transaction chains. Per Accenture, the need for…

  • Blockchain Adoption to Save Banks $27 Billion Annually by 2030: Research

    A study conducted by market intelligence firm Juniper Research indicates that by deploying blockchain technology financial institutions stand to generate savings amounting to over US$27 billion on cross-border settlement transactions before the end of 2030. On the basis of on-chain transactions, the costs will be reduced by over 11%. #Blockchain deployments to save #Banks more…