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IBM Food Trust blockchain platform has onboarded one more French manufacturer seeking to enhance transparency of product provenance and supply chain.The Avril Group, a vegetable oil, eggs and protein manufacturer, and the owner of brands Matines and Lesieur, has begun using IBM Food Trust network to ensure traceability of
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Gartner Inc., the world’s leading research and advisory company, predicts that by 2023, organizations using blockchain smart contracts will increase overall data quality by 50 percent, and trim data availability by 30 percent. The net impact is a positive result for data and analytics (D&A) Return on Investment (ROI). The impact of blockchain
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A LedgerX director and investor has withdrawn his funds and alleged the company may be failing its investors in a dramatic letter obtained by CoinDesk.Nicholas Owen Gunden wrote in a letter addressed to the LedgerX Holdings board, LedgerX LLC board, LedgerX shareholders, and the Office of the Inspector General at
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Venkata S. Meenavalli, an Indian ex-CEO of a once Nasdaq-listed American fintech firm Longfin, has settled with the US Security and Exchange Commission (SEC) for conducting a $27 million accounting fraud scheme to inflate the revenue of the now-defunct cryptocurrency company in order to get it listed on the Nasdaq.
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Co-founder of crypto mining giant Bitmain, Micree Zhan Ketuan, has initiated court proceedings against the company shareholders in a bid to restores his voting control of the firm.As BNN Bloomberg reported on Jan. 3, Zhan asked a Cayman Islands court to discredit Bitmain’s shareholders' decision to convert the mining
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It’s already well-theorized that it’s not cryptocurrency or decentralized finance apps, but gaming that will actually drive blockchain use cases in the real world.While this has moved many smaller development companies and hobbyist programmers to release their own blockchain-driven games, distributed ledger technology’s reception among mainstay gaming companies has
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NULS, an open source blockchain-powered platform, posted a security update notice on their social media account on Twitter on 23rd December.NULS announced that the security team at the company has recently detected an account belonging to NULS that was attacked by black hat hackers and resulted in a total loss
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South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30. Local news outlet dongA reported on Dec. 19:“Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize
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Napoleon AM, a France-based asset management company, has launched a new cryptocurrency fund dubbed the “Napoleon Bitcoin Fund” tied to the cash-settled Bitcoin futures offered by the Chicago Mercantile Group (CME).As per the report by French publication Les Echos, this is the country’s first fully-regulated cryptocurrency fund. Last week since
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Russia’s national power grid company Rosseti is testing a system for electricity bill payments based on a distributed ledger by Waves. Source
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