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IBM, Pacific International Lines Complete Blockchain Shipping Trial With Oranges

IBM is continuing its foray into blockchain trade management, completing a new trial which shipped 108,000 mandarin oranges to Singapore, a press release confirmed on Jan. 31.IBM, which is focusing on speeding up efficiency in multiple trade environments, used the technology to reduce paperwork handling and costs for the shipment,

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International Police Collaboration Leads to Arrest of Suspect in $11 Million IOTA Theft

Following international police collaboration, a 36-year-old individual suspected of the theft of over $11 million in IOTA, as well as fraud and money laundering, has been arrested on Jan. 24. Europol published a statement detailing the investigation on the day of the arrest.The suspect was reportedly arrested by United Kingdom’s

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International Monetary Fund Says Growth of Blockchain in Malta Poses Significant Risks

A mission from the International Monetary Fund (IMF) has judged that the growth of blockchain in Malta has created significant risks of money laundering and terrorism financing in the island’s economy. The news was reported in local English-language daily the Times of Malta on Jan. 24.According to the article, the

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Singaporean Government Backs International Blockchain Incubator LongHash

Singaporean Government Backs International Blockchain Incubator LongHash January 9, 2019 by Akshay Makadiya Global blockchain startup accelerator LongHash has launched an incubation program with the aim of turning early stage blockchain ideas into real-world working businesses. Backed by the Singaporean government, the program hopes to accelerate blockchain adoption in the country. Also

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New Remittances System to Tackle Crypto Volatility When International Payments Are Made

A Japanese fintech company has unveiled a system that is designed to address the price volatility seen when cryptocurrencies are used for remittances.Atom Solutions says that, at present, the options for foreign workers who need to make overseas remittances are imperfect. While costs can be high when they try to

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Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction based on blockchain platform Corda, Finextra reported Dec. 6.The transaction was implemented on the Corda-based Euro Debt Solution application developed by R3, with German banking and financial services company Commerzbank,

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