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Blockchain Adoption Will Improve Industrial Processes

Corporates that advocate for Environmental, Social and Governance (ESG) responsibility initiatives should adopt blockchain technology, the CEO of Spanish blockchain software firm Finboot said on March 5th in a blog post.According to Finboot CEO and co-founder Juan Miguel Perez, to communicate the achievements of ESG initiatives, companies must obtain

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KLM To Use Blockchain to Streamline Financial Processes Thanks to Amsterdam-based Unchain and R3

Sharing is caring!After months of intense cooperation and development, Dutch software services provider unchain.io has successfully delivered a strategic finance application for KLM Royal Dutch Airlines utilising R3 Corda technology.  Unchain worked with the KLM Digital Studio – a 200-strong innovation lab meant to explore how new technologies like blockchain can

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China’s Zhejiang Processes $6M via DLT Medical Billing Platform

China’s Zhejiang province has processed nearly $6 million via a blockchain medical billing platform using Ant Financial’s blockchain technology, Chinese publication QNSB reports on Nov. 18. Successfully piloted in 2018, the blockchain-enabled platform allows citizens to make doctor’s appointments, get prescriptions as well as pay, record and store their

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Bitcoin Ransomware Scare Shuts Down Johannesburg Online Processes

Johannesburg, South Africa’s biggest city has been forced to temporarily shut down all its online operations including its website, e-services, and billing systems, as a precautionary measure against a bitcoin (BTC) ransomware attack allegedly orchestrated by a group called the “Shadow Kill Hackers,” reports News24 on October 25, 2019. Bitcoin Thieves

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UK-Based Digital Exchange to Use R3’s Corda for Post-Trade Processes

Archax, a London-based digital securities exchange, will use blockchain software firm R3’s Corda technology to manage post-trade activities.On Oct. 18, Archax announced in a press release that its post-trade processes will now run on distributed ledger technology. Archax will use a private version of Corda Enterprise within its own

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South Korean KB Kookmin Bank Adopts Blockchain to Improve Internal Processes

Major South Korean bank KB Kookmin Bank is planning to integrate blockchain technology into its internal processes.As local news outlet Korea JoongAng Daily reported on Oct. 7, the institution said blockchain technology could offer a multitude of benefits to the financial industry, including the issuance of digital tokens, funding,

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