Analysing China’s about turn on blockchain – and what could come next

The past week has seen various significant developments in terms of how blockchain technologies will be perceived and developed in China.

On October 25, it was reported that Chinese President Xi Jinping had described the technology as an ‘important breakthrough’, with more developments needed to accelerate the sector, as well as greater interoperability between blockchain technologies, artificial intelligence (AI), and the Internet of Things (IoT).

Xinhua, China’s...

TRON integrates with Samsung Blockchain Keystore

The TRON blockchain has been successfully added into the Samsung Blockchain Keystore, the companies have announced.

TRON’s integration into the updated Keystore SDK allows developers to build applications, which enables the users to directly access TRON blockchain from their devices. The users will also be able to use other best in class features that TRON offers.

On its partnership with Samsung, TRON founder and CEO, Justin Sun, said: “This is a remarkable milestone...

Inter-American Development Bank to use blockchain for land administration in South America

Washington-based Inter-American Development Bank (IDB) has collaborated with blockchain platform ChromaWay on an initiative focused around land administration and registry.

The project, titled “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry”, is a two-year initiative that will be carried out in Bolivia, Peru, and Paraguay and will launch in November 2019.

The blockchain project will be closely aligned with the IDB Lab – an...

Energy blockchain applications market predicted to see 67% CAGR in the coming decade

Navigant Research has predicted that global energy blockchain applications will generate $19 billion in cumulative revenue over the next decade at a compound annual growth rate (CAGR) of 66.9% during that time.

In its latest report, titled “Energy Blockchain Applications Overview”, Navigant anticipates the early growth of the applications to be concentrated in regions with competitive market structures and low barriers to market entry in Europe, Asia Pacific, and parts of the...

Ford to pursue blockchain pilot for cleaner air in city centres

Ford has extended its European plug-in hybrid electric vehicle (PHEV) trial to the German city of Cologne – including exploring geofencing and blockchain technology to help track ‘green miles.’

The automotive firm, which is also testing its PHEVs on the streets of London and Valencia, is working in coordination with five municipal fleets in Cologne, nine Transit Custom Plug-In Hybrid vans, and one Tourneo Custom Plug-In Hybrid people mover. Ford will also find how...

Mastercard, Visa, eBay and Stripe leave Facebook’s Libra: What happens from here?

Updated For Facebook to lose one payments provider, to paraphrase Oscar Wilde, is a misfortune; to lose two looks like carelessness. Yet over the weekend Facebook lost four companies who had signed up to its Libra cryptocurrency project – with the vast majority in the payments space.

On Friday, they fell like dominoes as Mastercard, Visa, eBay, and Stripe all pulled out. The Financial Times first reported eBay’s exit, while Bloomberg editor Joe Weisenthal first noted the...

Blockchain Education Alliance launches with Tron, Stellar and Hedera on board

MouseBelt is aiming to play a big role to promote blockchain – not by advertising about the technology, but by making it part of university curriculum. The blockchain accelerator and startup studio recently announced its newest initiative, called the Blockchain Education Alliance, which aims to drive blockchain innovation through education.

The Blockchain Education Alliance, which has collaborated with engineering departments at UCLA, UCSB, and UC Davis, through their UC...

Report paints optimistic picture for Canadian blockchain ecosystem

A report from Canada’s Chamber of Digital Commerce has shed a largely positive light on the country’s fledgling blockchain ecosystem, albeit with warnings over scalability.

The paper, the first in a series put together alongside Accenture and the Blockchain Research Institute, assessed that more than 400 ventures in Canada are leveraging distributed ledger technologies (DLT), with Ontario accounting for more than half of these organisations. The country is just inside the top...

IKEA conducts transaction with retailer on Ethereum

IKEA has made an understated entry into the blockchain realm by conducting a transaction with a retailer on the Ethereum blockchain.

Tradeshift – a cloud-based digital B2B spend management platform, alongside Monerium, an eMoney provider for blockchains, said they had successfully completed a transaction marking a ‘major step forward in business payments and finance’.

Recently, Tradeshift’s platform was used by Icelandic retailer Nordic Store on Ethereum to...

UNICEF launches cryptocurrency fund – with Ethereum Foundation the first contributor

UNICEF has launched a cryptocurrency fund focused on Ether and Bitcoin, enabling the agency to receive, hold and disburse donations.

The move makes UNICEF the first UN organisation to hold and make transactions in cryptocurrency, with the first major contributor being the Ethereum Foundation. According to reports, the figure donated will be $18,000.

Under the structure of the UNICEF cryptocurrency fund, contributions will be held in the cryptocurrency of choice – here...