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BRICS Nations Discuss Creation of New Crypto For Unified Payment System

According to one official in attendance, members of international association BRICS discussed the creation of a new cryptocurrency at a recent summit.On Nov. 14, Russian financial news outlet RBC reported that the director-general of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said that the BRICS Business Council supported

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Walmart Canada Rolls Out Blockchain-Based Freight and Payment System

Walmart Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release.The new system, which was developed in collaboration with blockchain company DLT Labs,  is designed to improve freight and payment processing,

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China Introduces Blockchain-Based Identification System for Cities

China continues to up its blockchain game with an independently developed blockchain-based identification system for cities as part of its smart city infrastructure.On Nov. 4, Chinese daily tabloid newspaper Global Times reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang.The

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Financial System Blind to Crypto’s Deflationary Impact, Says Analyst

Investment strategist William Peets has pointed to a widespread underestimation of the deflationary impact of cryptocurrencies such as Bitcoin and blockchain for global finance.Peets is currently CIO and portfolio manager for digital asset strategies at Passport Capital. In an Oct. 30 interview with Real Vision Finance, he said that blockchain

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China’s Central Bank Introduces Certification System for Fintech Products

China’s central bank, the People’s Bank of China (PBoC), will use a new system to certify 11 types of fintech hardware and software products relating to digital payments. On Oct. 29, the PBoC alongside China’s market regulator, the State Ad­min­is­tra­tion for Mar­ket Reg­u­la­tion (SAMR), jointly released a set of documents

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Australian Stock Exchange Wants Oversight of Blockchain Trading System

The Australian subsidiary of market operator Chi-X called on the Australian Competition and Consumer Commission (ACCC) to investigate the possible effects of blockchain tech on trading activities.Reuters reported on Oct. 30 that stock exchange Chi-X Australia is concerned that a new blockchain system implemented by the Australian Securities Exchange

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Mastercard to Pilot Blockchain-Powered Food System with Topco’s Food City

In partnership with Envisible and Topco, the global payment giant Mastercard is ready to revolutionize our food systems by shining more light into a rather opaque industry with a new blockchain network.Deborah Barta, Mastercard’s senior vice president of innovation and startup engagement, commented about the new initiative:“The identity of things

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