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State Farm and USAA Test Blockchain Platform for Insurance Claims Process

United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State farm announced the development in an official press release on May 30.The two insurance titans are using blockchain technology to automate and streamline the

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Russian State Tests Blockchain-Based Application for Public Administration

The Russian state of Nizhny Novgorod is testing the use of the blockchain-based application “City N” for public administration tasks, according to a report by ForkLog on May 28.State residents will reportedly be able to file their taxes on the blockchain-based Vostok platform using the City N application. Other

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Indian State of Telangana Aims to Set up Blockchain District for Start-Ups

The Southern Indian state of Telangana plans to establish the country’s ostensibly first blockchain district, local newspaper The Hindu Business Line reported on May 27.The planned district will reportedly aim to establish an ecosystem for blockchain startups and research institutes. While it will seek to attract a host of

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Montana Passes Bill to Recognize Utility Tokens and Exempt Them From State Securities

The United States State of Montana has recognized utility tokens and exempted them from state securities by passing a new bill this month. House bill 584, titled “Generally revise laws relating to cryptocurrency,” was signed by the Governor of Montana Steve Bullock on May 8.Initiated by State Representative Shane

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German State Announces Plan to Establish European Blockchain Institute

The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13.According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year,

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Crypto Regulation Experts Debate State vs. Federal Regulation in the Blockchain Era

Three cryptocurrency experts expressed diverging views towards United States crypto regulation at a panel during the Massachusetts Institute of Technology’s (MIT) Business of Blockchain event on May 2.Wyoming Blockchain Coalition president Caitlin Long argued that digital assets are property and thus should be regulated at the state level, with

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Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26.The original version of the bill had

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Ohio State Legislature Introduces Bill to Allow Gov’t to Implement Blockchain Solutions

A new bill introduced on April 24 in the American state of Ohio’s House of Representatives would, if passed, allow the state government and other government entities to implement blockchain solutions in the exercise of their authority.According to the official website of the Ohio state legislature, the bill, titled

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Thailand’s Largest Commercial Bank and State Oil Company Trial Blockchain Payments

Thailand’s largest commercial bank, Siam Commercial Bank (SCB), and state oil company PTT Exploration and Production Public Company Limited (PTTEP) performed a successful test of blockchain use for cross-border business-to-business payments. The bank recently announced the successful pilot on its website.Per the announcement, the project, which has been ongoing

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South Korea State Defense Arm DAPA to Build Blockchain Platform for Military Acquisition

South Korea's Defense Acquisition Program Administration (DAPA) plans to improve the reliability of data in the arms industry by using blockchain, the agency announced in a press release on April 10.The state arms procurement agency says it is seeking to use a blockchain platform to enable the secure sharing

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