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Neo, a decentralized open source blockchain application platform, announced that it became the first-ever blockchain member of Microsoft’s .NET Foundation.In the press release published on Sept. 24, the platform stated that during the .NET Conference 2019 Neo “joined the .NET Foundation, the Microsoft-created, globally leading open-source foundation,” adding:“Based on
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Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division.Blockchain to streamline international trade processOn Sept. 25, United Kingdom financial news outlet FStech reported that Lloyds Bank has partnered with the distributed ledger technology firm Komgo. Lloyds Bank, one of the “Big Four” clearing banks
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The University of Cambridge Institute for Sustainability Leadership (CISL), has recently completed a successful blockchain experiment bringing together Sainsbury’s, BNP Paribas, Unilever, Barclays, Standard Chartered and Rabobank. The study has shown how a new model of blockchain and other data-sharing technologies can enhance the sustainability of global supply chains without
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The global Blockchain market is expected to grow from USD 1.3 Billion in 2017 to USD 169.5 Billion by 2025 at a CAGR of 83.8% during the forecast period 2018-2025, according to the new report published by Fior Markets. The adoption of blockchain technology in retail and supply chain management
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Decentralized application (DApp)-focused blockchain Aeternity will be used to track the supply chain of Montevideo-based medical and recreational cannabis producer Uruguay Can.Aeternity announced in a press release published on Sept. 25 that it is creating a supply chain management platform for the partner combining the Internet of Things and
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Agricultural startup GrainChain backed by Medici Ventures, the blockchain venture arm of online retail giant Overstock, plans to unite the coffee industry of Honduras by delivering its blockchain platform to a network of local stakeholders.The firm has signed several agreements with the aim of bringing the entire coffee supply
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The United States House of Representatives has passed a bill that calls for the Financial Crimes Enforcement Network (FinCEN) to study blockchain technology in its fight against financial crime.On Sept. 19, the House passed the bill “Advancing Innovation to Assist Law Enforcement Act,” which requires the Director of the Financial
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Accusations of wash trading from the Blockchain Transparency Institute (BTI) have prompted OKEx's CEO to challenge BTI to a wager, which has opened up an entirely new can of worms. Wash trading, a form of market manipulation, is often used to create artificial marketplace activity to draw in more
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Identity theft has been a serious issue in today’s digital world. Worldwide groups of hackers are breaching systems on a regular basis. Not just people’s individual identities are at stake, but as data are collected from these hacking attempts, they are also misused for further fraudulent acts. Blockchain has been
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Deutsche Bank Securities Services has successfully piloted a solution using distributed ledger technology (DLT) to enable further automation of custodial services – a solution which addresses the transparency requirements within many custodial services, such as around the tax processing of asset holdings at an ultimate beneficial owner level, and streamlines
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