South Africa’s central bank has announced some pretty astonishing results for a trial of its blockchain-based system for interbank clearance and settlement. According to a statement released Tuesday, the South Africa Reserve Bank (SARB) said it has completed a 14-week “realistic” proof-of-concept that…
Tag: Use Cases & Verticals
The Use Cases and Applications for Involving Women in Blockchain
“Satoshi is female!” That’s how New York Congresswoman Carolyn Maloney rallied the crowd on May 13 at the “Women on the Block” event in Brooklyn, New York, where more than 300 people came together to talk about cryptocurrency and blockchain…
BMW Test Drives Blockchain for Car Mileage Tracking
Global auto giant BMW is piloting a blockchain platform to track mileage in leased vehicles through its startup innovation program. DOVU was one of five startups to work with BMW Group UK as part of the company’s Innovation Lab, first…
ICBC’s First Blockchain Patent Is Now Public
The Industrial and Commercial Bank of China (ICBC), one of the country’s four largest state-owned commercial banks, is exploring a way to authenticate digital certificates and store data in a sharable blockchain. According a patent application filed with China’s State…
Binance, Bermuda Ink $15 Million Crypto Investment Agreement
Binance plans to set up its new global compliance center in Bermuda over the next few months, Premier David Burt has announced. Speaking at a joint press conference on Friday, Burt announced that a memorandum of understanding has been signed, under which the Binance…
Travel Booking Site CheapAir Is Switching Bitcoin Payment Processors
Online travel booking agency CheapAir.com said Friday that it will switch bitcoin payment processors following a service change by Coinbase. CheapAir.com – which began accepting bitcoin back in 2013 in a first for the global travel industry – explained the…
R3 Researcher: Central Bank Blockchain Could Go Live In 2018
A form of central bank digital currency (CBDC) may go live in 2018. At least that’s according to Antony Lewis, research director at global banking consortium and distributed ledger software startup R3, who issued the prediction during a panel discussion…
TD Bank Considers Public Blockchain for Asset Tracking
One of Canada’s largest banks may be considering the use of a public blockchain to digitally track assets. In a patent application published Thursday, TD Bank outlined how it could use a public distributed ledger to help point-of-sale computers track…
IBM Evolution: Big Blue Is Finally Getting Serious About Cryptocurrency
It wasn’t long ago that your average enterprise wouldn’t even mention bitcoin, ethereum, or any number of cryptocurrencies in public. Instead of using the cryptographically secure tokens to streamline workflows – or even talking about doing so – some of…
What It’s Really Like to Talk to the SEC About Your ICO
It didn’t take long for Scott Nelson to realize he was only non-lawyer in the conference room. There amidst attorneys from various government agencies, including the SEC, the CEO of blockchain startup Sweetbridge and long-time logistics tech specialist was prepared…