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Washington Acknowledges Blockchain Records as Legally Valid

Wahington DC has just passed a bill that recognises and protects the legal status of electronic records in regards to distributed ledgers like blockchain. The bill in question is a substitute senate bill 5638 that was signed into effect by Governor Jay Inslee at the end of April. The original version of the bill had its first reading by the Washington State legislature on 25th January this year. The bill has now been passed with a 96-1 vote and will go into effect in July 2019. However, this new law has a catch that prevents discrimination against electronic records which...

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Hoskinson Launches Enterprise Blockchain Framework For Ethiopia

The founder of Cardano and the CEO of IOHK, Charles Hoskinson announced the launch of an enterprise framework that looks to provide financial services to billions of people living in African countries. Dubbed as Atala, IOHK’s framework is intended to serve as a solution provider for developers, companies and governments looking to integrate new products. Speaking to Forbes’ Rachel Wolfson, Hoskinson said: “Atala is an enterprise framework similar to Hyperledger Fabric. However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system. This requires a type of framework...

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Singapore Hosts 3rd Blockchain For Finance Conference

Singapore once again signals its importance in the Asia Pacific region when it hosts the leading conference for banks and financial institutions looking to implement Blockchain technology. The event held on 7th – 8th May in the swanky Novotel Singapore is ideally situated in the historic riverside district of Clarke Quay, only a short stroll from Chinatown. The conference aims to provide a mix of discussion including looking ‘beyond the tech’ at the non-technical challenges hindering wide-scale adoption including industry education, legal concerns and the uncertainty about regulation.  The audience is made up of 300 senior banking executives who are...

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Blockchain Integrated For Civic Pay Vending Machine Services

Several Vending machine providers that have an installed base of more than a million built vending machines have signed up for Civic Pay. if you haven’t heard of Civic Pay, then let us give you a quick summary. The blockchain payment platform combines identity and age verification, QR code mobile payments, loyalty and rewards. The Civic Pay platform uses the identity and age verification, payment and rewards process into a single transaction. In order to use this vending machine, customers must initially go through a one-time online identity verification check using a document providing proof of their date of birth....

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Binance CFO talks about Facebook's Blockchain developments

Back in March, Facebook publicised their creation of a research group dedicated to Blockchain, with more than 60 staff working on the project. The CFO of Binance, Wei Zhou had this to say about Facebook’s announcement “I suspect it’s going to be a closed Facebook ecosystem,” followed by “Their goal is to wall off other people from coming into their system, their goal is not to open up their system to other people.” Doesn’t seem like he’s a fan does it? He also said that Facebook’s decisions are made by one single person, not by a community as a whole...

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