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Blockchain-Based Trade Finance Platform to Launch…

“The Hong Kong Monetary Authority is poised to become one of the earliest government-backed financial institutions to launch a blockchain-based trade finance platform” reports livebitcoinnews.com. Do you think that the Hong Kong Monetary Authority is setting the tone for a widespread adoption of blockchain-based technology?. It is set to introduce the first government-backed trade finance platform based on the blockchain.The new trade finance platform is set to introduce a range of inherent benefits tied to the DLT. One of the core aspects of it is consistent and undeniable access to…

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Hong Kong regulator, banks launch blockchain-based trade finance platform

“HONG KONG (Reuters) – Hong Kong’s banking regulator and seven banks, including HSBC Holdings PLC and Standard Chartered PLC , on Tuesday said they will jointly launch a trade finance platform in September using blockchain technology” writes Midwest Communications Inc for 95kqds.com. In May, HSBC and ING Groep NV said they performed the world’s first trade finance transaction using a single blockchain platform.To that end, banks, governments and technology firms have been investing in technology for trade finance.A 2017 survey by the Asian Development Bank found the global trade finance…

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Microsoft and EY Create Blockchain-Based Royalty Payment Platform

“Microsoft said that the platform, which has been created in collaboration with Ernst & Young (EY), will start out in its online gaming system” reports financemagnates.com. Earlier this week, Microsoft announced plans to launch a blockchain platform that will keep track of collecting and disbursing royalty payments for software developers, musicians, authors, and other creatives and copyright owners.According to a statement published by both companies, EY is involved in a number of other blockchain initiatives, including the development of blockchain products for automotive services, a marine insurance blockchain platform, and…

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DLive launches blockchain-based livestreaming platform on Android

“DLive has launched its blockchain-based livestreaming platform on Android today” writes Dean Takahashi for venturebeat.com. The platform doesn’t need to outgrow Twitch or Youtube to be a thriving community that’s a legitimate alternative.DLive is a live streaming video community that’s built on top of Steem blockchain.DLive is a decentralized live streaming and video community that’s built on and utilizes the Steem blockchain to incentivize both content creators and viewers in cryptocurrency. Source: venturebeat.com Share This:

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Blockchain-based vehicle history databases

“Vehicle history databases that store vehicle lifecycle related data such as repair records, accident history, and mileage are combating these problems” reports leobosankic.com. However, blockchain-based alternatives could introduce a range of useful features into the market of vehicle history databases.By relying on blockchain-related design patterns such as decentralized governance or token-curated registries, blockchain-based vehicle history databases can be created so that they are permissionless, self-sustaining, and semi rent-free.Firstly, given blockchain’s immutability, vehicle data is recorded doubtlessly, data consistency is ensured, and data manipulation prevented.Current vehicle databases such as Carfax collect…

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Tel Aviv Stock Exchange Launches Blockchain-Based Securities Lending Platform

“The platform is called Blockchain Securities Lending, and as the name implies, will utilise blockchain technology for securities lending” reports financemagnates.com. Securities lending refers to the act of lending financial derivatives to investors and firms.The Floor, Tel Aviv’s fintech hub, has announced the release of a new platform in partnership with the Tel Aviv Stock Exchange, Accenture, Hyperledger, and Intel, according to an official press release. Source: financemagnates.com Share This:

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India’s Infosys sets up blockchain-based trade finance network with seven banks

“MUMBAI (Reuters) – India’s Infosys Ltd has formed a blockchain-based trade finance network in partnership with seven private-sector banks, to raise efficiency in the banking sector and strengthen its product offerings” writes Midwest Communications Inc for 95kqds.com. India’s second-biggest software services exporter, whose Finacle software is used by the majority of Indian banks, is also in talks to sign up more domestic and foreign banks to the network, a senior company executive told Reuters on Wednesday. Sanat Rao, chief business officer at Finacle, said banks currently testing the blockchain-based trade…

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DAOs Usher in an Era of Blockchain-Based Business Ownership and Management

“A DAO company could theoretically run and function without a CEO because the rules upon which the company will function will be enforced digitally” reports financemagnates.com. In a DAO company, there will be pre-programmedrules that control permissions with the company. DAOs can also offer complimentaryservice to blockchain technology by promoting interoperability between different blockchain protocols.Activities such as payroll, taxes, and HR are hardcoded with smart contracts into the blockchain of the company. Source: financemagnates.com Share This:

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Rarebits raises $6 million for site where you can buy and sell CryptoKitties

“Rarebits has raised $6 million in venture funding for its blockchain-based store where you can buy and sell digital assets such as CryptoKitties” writes Dean Takahashi for venturebeat.com. CryptoKitties are blockchain-based digital kittens that can be bought and sold for as much as $200,000.They originally got together to make a blockchain game, like a Hearthstone for blockchain.But the investors who are funding Rarebits clearly don’t think it’s nuts. Source: venturebeat.com Share This:

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Spring Labs raises $14.75 million for blockchain-based fintech identity business

“Spring Labs has raised $14.75 million to create a blockchain-based network to solve identity and credit data problems for financial institutions and consumers” writes Dean Takahashi for venturebeat.com. Spring Labs is creating the Spring Network, which uses the blockchain for data exchange.The Spring Network is designed to allow lenders, banks, and data providers to easily and cheaply exchange data with one another.It is transparent and secure, which is why Spring Labs is using it for financial transactions. Source: venturebeat.com Share This:

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