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TikTok Owner Reportedly Working With Chinese State Media on Blockchain

Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that include blockchain and artificial intelligence (AI), Bloomberg reported on Dec. 14. TikTok may use blockchain and AI to fight DeepfakesThe joint

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Dutch Bank ING Working on Digital Asset Custody Technology

Amsterdam-based bank ING is reportedly developing cryptocurrency custody technology, Reuters reported on Dec. 12.The digital assets custody service being developed by ING is purportedly part of one of the bank’s several blockchain-related initiatives and is still at an early stage of development. ING reportedly said that it “sees increasing

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IBM Is Open to Working with Facebook in Developing the Libra Cryptocurrency

International Business Machines (IBM), one of the largest international IT companies worldwide, stated on Monday that it is looking forward to collaborating with Facebook and working on its cryptocurrency Libra.IBM’s general manager of blockchain and crypto services, Jason Kelley, said in an interview that the company encourages cooperation between companies

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