China unveils blockchain committee with Huawei, Baidu execs and industry CEOs aboard

The central government of China has announced the membership of its national blockchain committee to help bring about standards in distributed ledger technologies.

The 71-strong group, according to a release published on April 13, includes various government staff, academics from technological institutes, as well as business. Senior executives from Huawei, Baidu and Tencent are on the list, as well as CEOs of blockchain and DLT startups in China, including Li Wei, CEO of Hangzhou...

Tesla among stakeholders in Shanghai blockchain cargo trial

Tesla has joined hands with CargoSmart, the China Ocean Shipping Company Limited (COSCO), and the Shanghai International Port Group (SIPG) to trial a new application that will transform the current cargo release process. This pilot is said to be the first of the projects wherein an ocean carrier is organising a real-time exchange of shipment data with a terminal operator through blockchain.

During the pilot, not just the benefits of having a single and trusted source of truth in...

Bitfarms gives positive update to mining process amid Covid-19

Blockchain infrastructure firm Bitfarms has optimised mining operations in real-time to maintain maximum computer capacity all through the on-going economic and social turmoil caused by the COVID-19 pandemic.

Bitfarms has been able to maintain an average daily hashrate of about 630 petahash per second (PH) since a significant decline in Bitcoin price on March 12 till the price recovery at or above $6,000 on 19 March. It maintained an average daily hashrate of approximately 750...

General Motors applies for blockchain map patent

General Motors (GM) has filed an application to the US Patent and Trademark Office for a “Decentralized Distributed Map Using Blockchain.”

The patent tries to solve an issue related to the dynamic feedback of mapping around a car.

At present, most vehicles, including autonomous vehicles, leverage some type of navigation system that provides detailed maps to the driver of the vehicle or the automated driving system regarding the geographic location of the vehicle and...

BMW looks to blockchain for supply chain transparency

BMW Group is continuing to use blockchain technology to trace and track components and raw materials multi-stage international supply chains. According to Andreas Wendt, member of the board of management of BMW, who’s responsible for purchasing and supplier networks, the automaker successfully conducted a pilot in 2019 to purchase front lights and in 2020 it is expanding the project to a large number of other suppliers.

Apart from implementing blockchain solutions, PartChain...

Hyperledger Besu moves to active status as enterprise blockchain cases rise

Hyperledger Besu, an enterprise-focused initiative and the first which was able to operate on a public blockchain, has taken a step towards mainstream operability after comittee members voted to place it as an active project.

The move, which makes Besu the only Ethereum project to have moved outof the incubation phase, 'demonstrates the strength of the project and the active community supporting it', according to the company. Among the community are ConsenSys, Chainsafe and...

ASX postpones launch of blockchain stock exchange programme amid Covid-19 pandemic

The Australian Securities Exchange (ASX) has announced the postponement of the launch of its blockchain stock exchange platform, the Clearing House Electronic Subregister System (CHESS), due to the current coronavirus outbreak.

In a press statement, the company said: “In light of recent events, ASX is re-planning the implementation of the CHESS replacement system. We are conscious of the importance of providing a new schedule, and the need to get the valuable input of CHESS...

Forte partners with five game developers to boost operations

Forte, a California-based blockchain platform developer for games and Ripple partner, is teaming up with five game developing companies to provide best-in-class gaming experiences based on the distributed ledger technology.

The five companies are US-based Hi-Rez Studios and nWay, Canadian social games provider Magmic, and German gaming companies DECA Games and Netmarble, that will follow their previously joined collaborators Disruptor Beam, Other Ocean and...

Fluree announces seed extension funding round for blockchain-based data management

North Carolina-based database management firm Fluree has announced a seed extension funding round led by independent venture capital company Engage.

The latest investment, which follows a $4.7 million seed funding round in June, allows Fluree to expand its enterprise data management platform, which acts as the foundation for emerging online architectures that include AI, microservices, machine learning, the semantic web and consortium blockchains. The platform is used by tech...

Rhode Island General Assembly introduces blockchain bill

The Rhode Island General Assembly has introduced a bill, called the Rhode Island Economic Growth Blockchain Act, which aims at encouraging the state’s economy by ensuring that its regulations are friendly to blockchain innovators and providing a comprehensive regulatory technology sandbox.

The Rhode Island Economic Growth Blockchain Act revolves around four main areas: an economic growth blockchain act; setting regulations for the sale of hemp; regulation of virtual and digital...