Sri Lanka’s Central Bank Calls for Blockchain-Based KYC Proposals
Sri Lanka's Central Bank wants to use a blockchain system for its bank's 'know-your-customer' protocols. Source
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Largest Indian State to Pilot Blockchain-Based Solar Energy Trading
The Indian state of Uttar Pradesh (UP) will pilot a peer-to-peer (P2P) solar power trading project in partnership with Australian blockchain energy company Power Ledger.The state power utility UP Power Corporation Limited and UP New and Renewable Energy Development Agency have partnered with Power Ledger to launch a trial
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BNY Mellon Officially Joins Blockchain-Based Marco Polo Network
The Bank of New York Mellon (BNY Mellon) has joined blockchain software firm R3’s trade finance network, the Marco Polo Network.The American banking and financial services firm — which has over $1.9 trillion in assets under management — will conduct an evaluation program using the technology, Marco Polo announced
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Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters
The Excise Department in Thailand is poised to introduce a new way of refunding overpaid taxes to oil exporters by using blockchain technology.On Nov. 25, director-general Patchara Anuntasilpa told the Bangkok Post that the Thailand Excise Department will change its current tax refund practice by introducing a blockchain-based tax
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French Central Banker Advocates For Blockchain-Based Settlements in Europe
The central bank of France wants the eurozone to build a DLT-based settlement system that moves euros faster and more cheaply than existing tech. Source
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FEMA Suggests Blockchain-Based Registry to Improve Disaster Insurance Payouts
The United States Federal Emergency Management Agency (FEMA) is exploring the idea of a blockchain-based property registry to streamline disaster insurance payouts.In its latest National Advisory Draft Report to the FEMA Administrator, the agency indicated its interest in deploying blockchain technology in order to streamline disaster insurance payouts and
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Visa Creates Blockchain-Based Fintech Data Management System ‘LucidiTEE’
Visa, one of the largest global payment solution providers, has come up with its own data management tool which is entirely based on blockchain. The new blockchain system, called LucidiTEE, is poised to replace the legacy fintech data management software.Visa’s Research and Development wing has published a paper based on
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Walmart Canada Rolls Out Blockchain-Based Freight and Payment System
Walmart Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release.The new system, which was developed in collaboration with blockchain company DLT Labs, is designed to improve freight and payment processing,
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Gaming Rewards Firm Partners With Blockchain-Based Streaming Platform DLive
United States blockchain-based rewards and marketing company Refereum has announced its latest partnership with decentralized streaming platform DLive to reward gamers for creating and watching content.According to a press release shared with CryptoX on Nov. 7, Refereum’s partnership with one of blockchain’s largest streaming platforms, DLive, will enable users
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Azerbaijan to Adopt Blockchain-Based ID System in 2020
The Republic of Azerbaijan is planning to complete a project of blockchain-based digital identification system by the end of 2019. Farid Osmanov, director of the information technology department at the Central Bank of Azerbaijan (CBA), says that the new system will be adopted in the first quarter of 2020,
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