‘Seed to sale’: Canada weighs up blockchain to track legal sales of cannabis

The Canadian government has reviewed blockchain as a possible solution for securely tracking marijuana “from seed to sale”, following the passing of a bill legalising recreational use of the drug nationwide last month. Under the new Cannabis Act, from October 17, Canadians will be able to buy and consume cannabis legally in a regulated market that will dictate how the plant can be grown, distributed and sold. As part of the law, the government’s health department Health Canada is...

Liverpool aims to become first climate-positive city with Poseidon blockchain

Liverpool City Council (LCC) wants to become the world’s first climate-positive city by 2020 and first climate-positive authority by 2018, and its trialling blockchain technology to meet its goals. The UK city will conduct a year-long partnership with Malta-based Poseidon Foundation, a blockchain platform that aims to offset the carbon footprint of everyday products and services with token-based support for global forest conservation projects. According to Edie.net, LCC is aiming to...

IBM signs off $740m deal with Australia government for blockchain data security

IBM has won a five-year AU$1bn ($740m/£557m) contract with the Australian government to provide data security-enhancing technologies, including blockchain, artificial intelligence and automation. According to government estimates, the application of IBM’s technologies across federal departments, including defence and home affairs, could save the country’s taxpayers AU$100 million (£56 million). Speaking Bloomberg where the story was originally reported, IBM’s Asia Pacific head,...

South Korea says it will invest $200m into blockchain projects by 2022

The South Korean government’s Ministry of Science and ICT has announced a major blockchain development programme, with plans to invest up to $207m (£156m) into public sector and select private ventures by 2022. The agency initiative, which will launch with initial funding of $9m (£6.8m) reserved for six pilot projects in the public sphere, has ambitions to adopt cross-sector blockchain infrastructure ahead of any other country, securing 90% of the technology level within four...

Two of Russia’s largest banks are piloting cryptocurrency trading

Two of Russia’s largest banks are to begin piloting cryptocurrency trading for their private clients, according to a report by Kommersant on Friday (June 15). The tests will be conducted within the “regulatory sandbox” of the country’s central bank, and follow recent comments by Russian president Vladimir Putin, that cryptocurrencies “cannot be a means of payment or saving” but subject to tight and careful regulation “have their place within the world”. The pilot process...

Denmark joins pan-EU blockchain partnership with plans for shipping application

Denmark is the latest country to support pan-European Union (EU) blockchain standards, joining a partnership formed in April with the intention of enhancing cooperation among member states for developing blockchain technology. A total 24 EU member states are now part of the European Blockchain Partnership, which was announced at the European Commission’s Digital Day 2018 Summit in April this year, as a way to promote cooperation and the exchange of experience in the development of...

European Commission to create European Blockchain Partnership

European Commission - European Blockchain partnership

The European Commission has ended its Digital Day 2018 summit by announcing the signing of a declaration to create European Blockchain Partnership. 22 states signed the document, which looks to create a way for member states to cooperate and exchange experience and expertise about the technology. In a press release, the Commission said that the Partnership will also prepare for the launch of EU-wide blockchain applications in the digital single market, in both the public and private...

Bank of England partners with Chain for blockchain PoC

Bank of England - Blockchain - PoC

The Bank of England (BoE) is currently developing a blockchain PoC based around maintaining privacy over a distributed ledger network while still keeping data shared across the network. According to a paper released on Wednesday, the UK’s central bank has partnered with blockchain infrastructure startup Chain for the project. The projects main questions are concerned with whether confidentiality can be adequately maintained in a blockchain-based system, and whether there must necessarily...

Bringing blockchain to Congress: An interview with IBM’s Jerry Cuomo

Bringing blockchain to Congress

Few things announce to the world that you have acquired influence as being called to testify in front of Congress. Now blockchain has ascended to these dizzy heights as a range of experts were asked to present a range of suggestions for how the US government can begin to potentially make use of the technology, as well as allowing companies to innovate. One of the people called before a group of senators was IBM vice president for Blockchain Technologies Jerry Cuomo. We caught up with him...

Is Cambodia following in Venezuela’s footsteps in issuing a national cryptocurrency?

Is Cambodia planning a cryptocurrency?

Cambodia is reportedly considering following Venezuela in issuing a state cryptocurrency. The south American nation launched the Petro in February, although the process was certainly not a smooth one. It is expected that the Southeast Asian nation will announce the new digital currency at the forthcoming ASEAN 2018 BlockChain Summit on March 7. A press release issued before the says that the country will be making a “notable” announcement regarding a new payment project called...