BLOCKCHAIN

Tradeshift CEO Prudent on Blockchain Supply Chain Potential

[ad_1] Digital invoicing startup Tradeshift CEO Christian Lanng countered “hype” over blockchain’s role in supply chains Wednesday, September 19, telling CNBC the technology “wasn’t ready yet.”In an interview at the World Economic Forum in Tianjin, China, Lanng highlighted the use cases for blockchain in areas such as identity and certifications, but argued supply chains were too much of a challenge for the technology in its current state.“If you want to
Business

Major Banks, Industry Players to Launch Blockchain-Based Commodities Platform

[ad_1] A group of major global banks, trading firms, and a leading energy company have launched a joint venture that will oversee a new blockchain-based platform for financing the trading of commodities, Reuters reports September 19.The Swiss-based venture, dubbed komgo SA, has been established by a host of international financing, trading, and production institutions that include ABN AMRO, BNP Paribas, Citi, Credit Agricole Group, Gunvor, ING, Koch Supply & Trading,
Bitcoin News

Spain: Autonomous Aragon receives blockchain-based administration

[ad_1] The autonomous community of Aragon in northeastern Spain will be the first in their country to use Blockchain technology for its public administration. To this end, the Government of Aragón is working with the Blockchain ecosystem Alastria, which is supported by more than 274 companies and institutions. With a more transparent and efficient blockchain-based administration, Aragón aims to attract businesses and investors to the area. “Administration” is often equated
BLOCKCHAIN

Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain

[ad_1] UK’s leading port operator, Associated British Ports (ABP), has signed an agreement with digital logistics enabler Marine Transport International to develop blockchain use for port logistics, Dry Bulk magazine reports Wednesday, September 19.Under the agreement with Marine Transport International, ABP — which operates in 21 ports and carries out 25 percent of the cargo shipments in Great Britain — will take part in pilot shipments using blockchain technology.According to
Business

US Regulator Acts Against Crypto Firm Falsely Claiming to Represent Coinbase, Cointelegraph

[ad_1] The Texas Securities Commission (TSC) has issued an emergency cease and desist order against a Russian crypto firm, according to an official press release published September 18. The Texas regulator states that the company allegedly misappropriated both Coinbase and Cointelegraph materials to attract investors.The firm, operating as Coins Miner Investment Ltd., is said to have spoofed the email address of major U.S. crypto exchange and wallet service provider Coinbase
Business

Central Bank Refutes Fake Articles Claiming its Chairman Invested $1 Bln in BTC

[ad_1] Singapore’s de facto central bank issued two warnings over two fake news websites Tuesday, September 18, after articles were published with “fabricated comments” about crypto from Chairman and Deputy Prime Minister Tharman Shanmugaratnam.The sites, Gulf Weed Crab and Positive Bath Hour, which feature hoax news stories on seemingly random topics, had claimed Shanmugaratnam was behind both a state-sponsored $1 billion investment in Bitcoin (BTC) and a “Hi-Tech Digital Project”
Business

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month

[ad_1] Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange next month, local news outlet Yonhap News reports September 19.According to Yonhap, Dunamu already set up a branch in Singapore this February as part of its active push to expand across the Asian market. While the exact date of the Singapore exchange launch remains to be finalized, the firm told Yonhap that
ANALYSIS

How Blockchain Can Help Both Refugees and Host Nations

[ad_1] As the United Nations Refugee Agency warned in the first days of September, the death rate for refugees attempting to reach Europe has risen. That sounds even more cruel considering that the numbers trying to make the crossing has fallen.For every 18 people crossing to Europe over the central Mediterranean between January and July 2018, one person died. This is twice more than over the same period in 2017,
Business

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

[ad_1] Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reports today, September, 18."I would doubt today, whether it has a perspective as a currency model, " said Scholz at a “citizens dialogue” at the German-Dutch Army Corps in Münster. Scholz compared cryptocurrencies to the tulip fever bubble in the Netherlands in the 17th century saying, "and the danger is great that