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Cash is dead and drones deliver groceries: This is the future, according to Blockchain CEO

“One day in the not-so-distant future, going to the grocery store to buy food will be as novel as going to the record store to buy vinyl albums” writes -peter Smith for cnbc.com. According to Blockchain co-founder and CEO Peter Smith, major changes in the way we live and work with technology could happen in the next 20 years. Source: cnbc.com Share This:

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Russia Begins Work on Developing Blockchain Standards

“Earlier this year in March, Standards Australia unveiled its roadmap to develop these international standards, overseen by technical committee 307 or ISO/TC 307” writes unknown author for cryptocoinsnews.com. Russia’s national standards authority is working toward the standardization of blockchain and distributed ledger technologies.The newly established Russian technical committee will also presuppose international cooperation with the ISO committee.Explaining its reasons for working toward its own standards, Russia’s standards states: The move by the national standards authority to explore the standardization of blockchain technologies comes at a time when the Russian government…

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Singaporean Shipping Giants Partner IBM for Blockchain Trial

“Two major Singaporean maritime companies have inked a deal with technology giant IBM to explore and trial blockchain technology for supply chain networks” writes unknown author for cryptocoinsnews.com. Incidentally, IBM has already been working with the Port Authority of Singapore for early stage trials of blockchain technology for transnational container shipments.As the technology provider, IBM Singapore will use its Hyperledger Fabric platform, an open-source production ready blockchain software which saw its official release in July this year.The three parties will unite to work on proof-of-concept blockchain solutions to enhance the…

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Bahrain Bank First in MENA Region to Join R3 Blockchain Consortium

“Bank ABC, formerly known as the Arab Banking Corporation, has become the first financial institution in the MENA (Middle East and North Africa) region to join the R3 blockchain consortium” writes unknown author for cryptocoinsnews.com. Bank ABC, an international banking group headquartered in Bahrain is the latest financial institution to join the global banking-centric blockchain consortium led by New York-based startup R3.Elsewhere in the Middle East region, the National Bank of Abu Dhabi – the Emirate’s largest bank – launched cross-border payments powered by Ripple earlier in February this year….

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GoldMint, the Present-Day Gold Standard Backed by Blockchain Technology

“The gold reserve managed by GoldMint is either in the form of actual gold or gold backed exchange traded funds” reports newsbtc.com. Its superior technology combined with the value backed by actual gold makes GoldMint an ideal investment platform.GoldMint, the gold backed digital asset helps cryptocurrency investors conserve the value of their crypto-assets by hedging them against it.The entire movement of gold through the Custody Bot system will be recorded permanently on the blockchain. Source: newsbtc.com Share This:

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LAToken Bringing Assets Worth Trillions Onto Blockchain

“The LAT Exchange will follow KYC and AML rules and apply for exchange license where needed” writes Prableen Bajpai for investopedia.com. However, the LAT exchange reduces transaction costs and lowers the barriers to entry on such contracts which traditional involve lot size and value limitation.Different financial assets offer different characteristics in terms of liquidity, risks, cash flows, tradability, and together make a portfolio well-balanced.By allowing buying, selling and management of an investor’s portfolio on its blockchain​ and Artificial Intelligence (AI) powered platform, the LAT exchange makes investing not just faster,…

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Blockchain is the Future of Healthcare

“No one has built a large-scale blockchain ecosystem for the healthcare sector to date” writes unknown author for newsbtc.com. There are plenty of opportunities for blockchain in the healthcare sector.Blockchain technology will play a critical role in this transition over the next few years.A blockchain-powered healthcare ecosystem would raise the bar as far as interoperability is concerned.The healthcare sector is prone to disruption these days. Source: newsbtc.com Share This:

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U.S. blockchain company in tie-up on medical artificial intelligence

“It said global revenue generated by artificial intelligence systems will soar to $6.7 billion by 2021 from $811 million in 2015” writes Min Read for reuters.com. Artificial intelligence in the healthcare sector uses algorithms and software to mimic human ability in analyzing complex medical data.Vavilov said both companies will use Bitfury’s Exonum blockchain platform to store and secure health data in a system compatible with artificial intelligence.NEW YORK (Reuters) – U.S. technology company The Bitfury Group has formed a partnership with Insilico Medicine, a Baltimore-based medical artificial intelligence (AI) firm,…

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Tokyo Bitcoin Exchange Coincheck Launches Startup Investment Fund

“Japanese bitcoin exchange Coincheck is launching a new investment fund aimed at supporting startups developing virtual currency services and blockchain-based solutions” writes unknown author for cryptocoinsnews.com. Tokyo-based Coincheck, one of the Japan’s leading bitcoin and altcoin trading platforms, will directly start investing in new startups with the launch of the ‘Coincheck Investment Program’, a new startup investment fund. A senior executive at bitFlyer, Japan’s largest bitcoin exchange, estimates that up to 300,000 Japanese retail storefronts could be accepting bitcoin by the end of 2017.The launch of the new investment fund…

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