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Regulators Must Lead On Blockchain: IBM Report

Blockchain reduces paper processes, speeds up transaction times, increases efficiencies and builds trust among participants to a transaction, according to Sept. 23 IBM report on how distributed ledger technology (DLT) can improve how the federal government does business. The report was authored by Thomas Hardjono, director of the MIT Trust: Data Consortium. It's titled "The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain." Hardjono explores several areas where blockchain can benefit government agencies and how regulators and policymakers can lead the way to mass adoption of the tech that drives economic vitality. The author, writing on...

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75 More Banks To Join JP Morgan Chase Blockchain Payments Platform

International investment bank and financial service provider JP Morgan Chase have announced the enrolment of 75 new banks on their new and growing blockchain payment platform. The platform is a part of a collaboration between JP Morgan, ANZ and the Royal Bank of Canada. The first trial on the platform was established in October 2017 and has been designed to utilise the blockchain to create a fast and flawless interbank payment system that still uses traditional banking currencies and methods. The idea is to take the framework for traditional interbank payments and to place it directly onto the blockchain. So...

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Walmart's New Blockchain System To Reshape $1.5 Trillion Food Industry

Two Fortune 100 companies have teamed up to drastically alter the $1.5 trillion food industry by leveraging blockchain technology. Walmart, the largest U.S. company, announced on Monday that it will require suppliers to install blockchain systems by September 2019 to track food items from farm to table and prevent E. coli, Salmonella and other health outbreaks that threaten the safety of its millions of customers. Walmart (NYSE: WMT), which has 2016 revenues of $486 billion, and subsidiary Sam's Club partnered with IBM Blockchain (NYSE: IBM) on a disruptive initiative that is sending shockwaves throughout America's food supply chain. (The story...

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How The United Nations Are Using The Blockchain To Help The Developing World

The United Nations have announced that they are developing a new initiative which uses blockchain technology to help further their support for developing nations. The announcement came at the 73rd annual UN General Assembly, hosted in New York. Named the United Nations Development Programme (UNDP) the initiative aims to use blockchain technologies to help improve the lives of people living in developing nations across the world. According to The Next Web, Haoliang Xu, the Assistant Secretary General at the United Nations said: “We believe that blockchain is a technology that can have a huge impact in the developing world in...

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2 Blockchain Finance Companies Set To Rocket In 2019!

The crypto space takes off in 2019! There are many reasons how this could happen including the granting of a Bitcoin ETF, fuller regulation, which will encourage big institutions to invest, and also the fact that a lot of the new crypto start-ups will have their platforms/mainnets going live from the beginning of next year and will start to offer real world usage and the huge advantages that blockchain offers over traditional business models. In this crypto space, one of the most important sectors is going to be finance. In order for institutional money to start pouring in we need...

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