IOTA Foundation selected for EU blockchain network

EU flags outside the EU headquarters.

IOTA, the open-source distributed ledger and cryptocurrency, has been selected as one of seven contractors by the European Blockchain Partnership (EBP) to develop and enhance pan-European blockchain services.

Overseers of the IOTA network, the IOTA Foundation is set to “participate in the first phase” of the EU’s blockchain pre-commercial process.

This stage will see new distributed ledger solutions designed with a focus on energy efficiency and scalability. If...

Telefónica Tech launch document verification service using blockchain

Person signing document

Telefónica Tech, the Madrid-based telecoms company behind O2 and Vivo, has launched its own blockchain-based document certification service.

The new service utilises Telefónica’s in-house TrustOS platform to generate certificates that combine the digital signature of the user with a trace of the content to be certified, alongside a time stamp to establish the date of certification.

It will allow companies to generate digital evidence of authorship, ownership, and...

Australia and Singapore successfully trial cross-border trade project

Koala Bear, Australia

The Australian Border Force (ABF) has completed a trial testing the interoperability of its blockchain-based verification system with its Singaporean counterpart.

Working alongside Singapore Customs and the Infocomm Media Development Authority of Singapore (IMDA), the ABF has concluded a trial that proves trade documents can be digitally issued and verified across both countries’ systems.

The trial, which was initiated as part of the Australia-Singapore Digital Economy...

Microsoft devises blockchain-based piracy solution ‘Argus’

Copyright Claim

Researchers from Microsoft have found a new way to fight online piracy using a proposed bounty system called ‘Argus’ that runs on the Ethereum blockchain.

In a recent article, titled ‘Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns’, the software giant’s research department introduced the blockchain-based bounty system that could potentially see development.

Piracy does not just hurt major copyright holders like Microsoft and other tech...

New York City exploring blockchain to reduce deed fraud

The New York City Department of Finance (DOF) plans to develop a blockchain proof-of-concept that would be able to detect and reduce cases of deed fraud.

In cooperation with land administration company Medici Land Governance (MLG), the department will explore the feasibility of applying blockchain technology to the city’s land records.

DOF commissioner Sherif Soliman said: “Blockchain technology has the potential to revamp how property documents are recorded in New...

Wyoming advances DeFi adoption with landmark recognition of American CrytpoFed

An American flag waving in the wind.

The State of Wyoming has legally recognised the American CryptoFed DAO, making it the first decentralised autonomous organisation (DAO) to receive legal recognition in the US.

Such recognition comes hot on the heels of Wyoming becoming the first state to pass landmark legislation that defines DAO’s as a kind of limited liability company (LLC).

Speaking on the decision, Wyoming’s Secretary of State, Edward Buchanan, reflected on the state’s history of being at the...

How an idea of blockchain for power of attorney turned into a full document management solution

Smart contracts are a key method of digitising supply chains through blockchain technologies - but innovation does not have to stop at a single use case.

One example which has the potential to be transformed through blockchain is power of attorney (POA). It is an idea which has taken shape at certain hackathons, as well as being cited in certain legal blogs. Alongside the process being streamlined, it could also counteract potential issues with fraud.

As a Wikiversity...

Blockchain in healthcare: The applications which are potentially ‘transformational’

Feature From South Korea to the US, governments this year have been trying to develop blockchain-based technologies to track citizens’ vaccination status whilst maintaining a respect for individual privacy. Aside from the controversies of this topic, the situation has thrust blockchain’s potential in the healthcare industry into the limelight moreso than ever before, at a time when the industry faces an increasing number of challenges.

With developed countries spending an...

Weekly NFT roundup April 28-May 4: Collectibles market shrinks as use cases continue to grow

Despite a recent lull in NFT prices and volume of sales, the technology's potential use cases are steadily increasing. This week saw NFTs being considered by eBay as well as promising signs for advanced real-world applications from IoTeX and a Cardano-based partnership.

eBay sees potential for NFTs on its platform

CEO Jamie Iannone has said the eCommerce giant is “exploring opportunities on how we can enable NFTs on eBay in an easy way.”

The announcement...

How blockchain can accelerate the United Nations’ most sustainable development goals

The United Nations (UN) Sustainable Development Goals (SDGs) are becoming increasingly relevant in today’s world. The desire to both do good and do well is driving so many types of organisations and individuals to play their parts. Governments, impact investors, individual donors, high-net-worth philanthropists, foundations, non-profits, social enterprises and even many for-profit corporations have upped their game in improving society and the environment.

It is heartening to...