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Through the use of blockchain technology, Citigroup anticipates reducing cross-border timelines from days to instantaneous. Citigroup Inc (NYSE: C) announced the creation and piloting of Citi Token Services, a blockchain and smart contract-enabled technology meant to deliver digital asset solutions to institutional clients. Notably, Citi Treasury and Trade Solutions (TTS) closely
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“What powers the global economy today is regulated money in the banks,” Dhamodharan said in an interview with CryptoX. “So we’re starting with making tokenized bank deposits, so the unit of money in a bank account is a digital asset on the blockchain, bringing the same level of programmability to
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Ensuring that this gas would otherwise be flared, adding onto greenhouse gases, is key to the methodology. SBP wants to "ensure that using this waste gas is not perpetuating the problem," whilst "recognizing that oil and gas will be used for many years to come," said Brad van Voorhees, co-founder
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The 99-page document examined the CBDC pilot, which launched in May and involves two of the country’s larger commercial banks, Kaspi Bank JSC and Eurasian Bank JSC. The report, the second produced this year on a possible tenge, considered CBDC use cases and potential monetary and financial impacts, among other
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The Port of Rotterdam in the Netherlands has launched a blockchain-based pilot with some of the world's leading shipping companies to improve the safety and efficiency of millions of containers that are unloaded in the port every year, according to a release from the port on July 9.Secure Container Release,
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Several Swiss international companies and civil and military organisations are piloting a new blockchain project which can deliver a secure health certificate on a mobile application. The
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Anthem, the second-largest health insurance company in the United States plans to use blockchain technology to secure medical data of all 40 million members over the next three years.On Dec. 12, Forbes reported that Anthem plans to use blockchain technology to give patients secure access to their medical data,
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