Cryptocurrency Analysis and News Portal
European central banks ramp up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements.Banca d’Italia and Deutsche Bundesbank, central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of DLT-based asset exchanges. The official announcement
Read More
Blockchain tracking platform, VeChain, announced that it co-developed a blockchain-based medical data management platform in partnership with digital healthcare solution firm I-Dante.The platform, dubbed “The E-NewHealthLife”, is set to see deployment at the Mediterranean Hospital of Cyprus — with the European island’s healthcare sector reportedly operating with numerous inefficiencies resulting
Read More
Block.one, the company behind the EOSIO protocol (EOS), has been awarded a patent for a blockchain-based bidding system for promotional exposure tied to popular social media posts.The U.S. Patent and Trademark Office approved the patent on April 28. Block.one filed with the office during May 2019.The patent, which Block.one describes
Read More
Royal Dutch Shell subsidiary Sonnen Group announced a partnership with the Energy Web Foundation (EWF) to use EWF’s blockchain to create a virtual power plant (VPP) in Germany on March 12.The virtual power plant will comprise a distributed network of residential energy storage systems intended to absorb excess wind
Read More
The Federal Reserve is looking at whether launching its own digital currency could be an effective counter to private initiatives such as Libra. Lael Brainard, who sits on the U.S. central bank's board of governors, said Wednesday the Fed is "conducting research and experimentation related to distributed ledger technologies and
Read More
Major Danish bank Saxo Bank has predicted that Asia will launch its own blockchain-based digital asset in its new report of smashing predictions for 2020.The latest edition of “Outrageous Predictions” by Saxo Bank also forecasts that President Donald Trump will likely lose the 2020 elections, while Hungary will leave
Read More
American financial services company Wells Fargo & Company is planning to launch a pilot of a distributed ledger technology (DLT)-based internal settlement service in 2020.In a Sept. 17 press release, Wells Fargo described a DLT-based platform designed to perform internal book transfers of international payments within its global network
Read More
An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT).In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need
Read More
In a bid to foster social inclusivity and improve access to quality goods and services for residents of Buenos Aires, Bitcoin Argentina, a local non-governmental organization is collaborating with NEC and IDB Lab, to develop a blockchain-based digital identity solution, according to a press release August 26, 2019. Making Life Easier
Read More