Israel’s Bank Hapoalim First to Sign Up TCS’ Quartz Blockchain Based Digital Bank Guarantee Platform

Tata Consultancy Services, a leading global IT services, consulting, and business solutions organization, has launched a new transformative Digital Bank Guarantee platform, powered by the Quartz® Blockchain solution, as part of the Banking Service Bureau (BSB), operated by TCS for the digital banking industry in Israel. Bank Hapoalim, Israel’s largest bank that currently manages more…

Carbon Trading, Now On Blockchain

Cryptocurrency meets carbon trading. That’s the pitch from Nori, a new Seattle-based startup, that just raised $4 million in funding from cryptocurrency focused investors including Placeholder, North Island Ventures, Tenacious Ventures, and a big, privately held agriculture multinational that the company declined to disclose. Founded by Paul Gambill, a former Deloitte Technology employee who left…

The Pandemic Is Prompting Asian Countries to Adopt Blockchain

The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as The Business Research Company said the global blockchain market is expected to hit $15.88 billion in 2023….

Indian Crypto Exchange WazirX to Enter DeFi Amid Uncertain Regulations

One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network. In an announcement shared with Cointelegraph, the company said they will launch an automated market maker (AMM) protocol. Nischal Shetty, the CEO of WazirX, shared…

Coca-Cola Embraces DLT and Ethereum for Supply Chain Efficiency

The partner of Coca-Cola’s largest U.S.-based bottling company is expanding its use of blockchain to enhance efficiency across the beverage company’s supply chain. Coke One North America, or CONA, a partner of the largest United States-based Coca-Cola bottling company, will use The Baseline Protocol to enhance transparency and reduce friction in “cross-organization supply chain transactions.”…

Cambodia To Introduce A Blockchain Based Digital Currency

After three years of development, the National Bank of Cambodia has revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this month. Cambodia’s central bank began developing Project Bakong since 2017, and is seen as a high-tech relaunch of the Khmer Riel, which is the kingdom of Cambodia’s official currency but is significantly lesser used by the people in favor of the US dollar, according to the recently published whitepaper.

Australian Securities Exchange Delays Switch To Blockchain Till April 2022

The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger infrastructure to replace its current system for processing equity transactions. ASX will now release the project — the…

Israeli Blockchain Startup Kirobo Invents Undo Button for Bitcoin Transactions

Kirobo, a two-year-old Israeli blockchain startup, announced on Tuesday that it has found a way to tackle problems related to human error in cryptocurrency transactions. In a recent survey by the Fio Foundation, 55% of respondents reported experiencing stressful human errors when sending cryptocurrency, and 18% reported loss of funds due to such errors. As such, Kirobo has invented “Retrievable Transfer,” a way for senders to cancel a transaction that is sent to the wrong address. Kirobo provides a unique code to the sender and the receiver has to enter the matching password in order to receive the transfer.

From Chatbots to Blockchain, Technology Is Changing The Face Of Personal Finance

Personal finance is being transformed by cutting-edge technologies that make possible outstanding customer experiences, personalisation, and integrity of financial data. Increasingly, consumers expect financial services firms to have easy-to-use technologies that make interaction effortless, fruitful, and secure. Consumers also expect financial services firms to cater to them like never before. They hope financial services firms…

Vanguard Advances Blockchain Technology Pilot With Technology Partner Symbiont

US-based investment management firm Vanguard announced on Thursday another step towards applying blockchain technology to digitize asset-backed securities markets. Through a partnership with technology provider Symbiont and in close collaboration with a large US ABS issuer, as well as BNY Mellon, Citi, and State Street, Vanguard managed to model the full lifecycle of an ABS…

13 Evolving And Emerging Uses For Blockchain Technology

Many consumers may have heard of blockchain technology, especially in relation to cryptocurrency. However, they may not be aware of its full potential and impact across industries. Blockchain has the potential to simplify and add greater security to data management, and since its inception, this technology has quietly been changing business processes. To get further…