Blockchain News india Reserve Bank of India Unilever 

India’s Biggest Conglomerates Explore Blockchain for B2B Payments

Despite a plethora of sometimes unclear regulations and restrictions, large businesses and banks in India are still embracing cryptocurrency — or at least some of the technology that underpins it — as a more reliable way to reconcile accounts, make payments, keep proper records, and manage internal funds. According to a report in the India Times, a number of Indian corporations are currently trialing blockchain technology as a means of record keeping. Top Firms in India Eye Blockchain for Payments Despite the traditionally hostile stance of the Reserve Bank of India on cryptocurrency…

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Blockchain News Interview McKinsey 

Crypto Firms Speak out Against Critical McKinsey Report

Consulting giant McKinsey & Co recently published a report on the state of the blockchain industry, claiming that while crypto technology has potential, it has been unable to break away from the early “pioneer” phase with most use cases failing to take off. The Report: ‘Blockchain’s Occam Problem’ The report is not entirely critical, stating that blockchain is viewed as a potential game-changer in many industries. It does, however, point out that a huge amount of money has been pumped into blockchain projects, adding the view that “little of substance…

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bitcoin Blockchain News Hyperledger Fabric NASA Opinion 

Bitcoin is a ‘Fad,’ But Even NASA is Investing in Blockchain

Bitcoin birthed the concept of blockchain technology, and now even organizations as technologically advanced as NASA are considering its benefits. Yet cryptocurrency is often described as a fad, a bubble, and even worthless. NASA Eyes Hyperledger Blockchain for Air Traffic Management Ronald J. Reisman, an aero-computer engineer at the NASA Ames Research Center, has put forward blockchain to solve issues of privacy and the prevention of spoofing, denial of service, and other attacks. He says a new system due for implementation in 2020, the Automatic Dependent Surveillance-Broadcast (ADS-B), does not…

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alibaba Alipay bitcoin Blockchain News Pakistan 

Pakistan Uses Blockchain Developed by $150B Alipay, But No Bitcoin

The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central banks and large financial institutions. Blockchain Not Bitcoin Several months ago, Pakistan established a partnership with Telenor Microfinance Bank, a financial institution owned and operated by Alipay, a $150 billion fintech giant based in China…

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Blockchain News dubai Smart Dubai 

Can Dubai Become the First Blockchain Powered City by 2020?

When we think of Dubai, we think of Arab billionaire lifestyles, 6-star hotels, and awe-inspiring skyscrapers. But did you know that plans are in place to turn Dubai into the first blockchain-powered city by 2020? The Director-General of Smart Dubai, Dr. Aisha Bint Butti Bin Bishr, believes that city is in prime position to establish itself as a blockchain and crypto epicenter that could become a fully-integrated blockchain smart city in the next couple of years. Blockchain Smart City in the UAE Smart Dubai are the organizers of the Global…

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Blockchain News mit overstock walmart 

‘Boring’ Blockchain Could Become Mainstream in 2019: MIT

Blockchain — which has been hailed as a game-changing technology that could revolutionize whole industries — will be so commonplace in 2019 that it’ll become “boring,” according to the MIT Technology Review. “In 2017, blockchain technology was a revolution that was supposed to disrupt the global financial system,” the Technology Review claimed. “In 2018, it was a disappointment. In 2019, it will start to become mundane.” MIT observed that distributed ledger technology has been widely praised for its potential to transform healthcare, banking, supply chain management, and even the entertainment industry. Major…

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Blockchain News Civil ipfs Maria Bustillos Popula 

Popula Stores News on Ethereum’s Blockchain

Maria Bustillos Subscription-based news platform Popula has made history by providing the very first fully stored news article on a blockchain platform. Earlier this week, Maria Bustillos, the editor of journalist-owned Popula, announced the placement of an article published on the website has now been stored on the distributed ledger. According to the report, the article, which was initially published in Death + Taxes magazine, was stored in full on the Ethereum blockchain, and its hash was stored on the IPFS protocol. With these, it is expected that the article will…

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Banking Bitcoin Progress Blockchain News 

3% of Americans Ready to Use Blockchain Banking Solutions

Note: this article is not intended as an endorsement or any sort of positive leaning sentiment toward the FOTON ICO. The author has no opinion of the ICO. The article is purely about the results of the survey the purveyors conducted earlier this month. According to a survey conducted by FOTON, an ICO-funded blockchain banking product that will not materialize until March based on funding efforts, 3% of American Internet users across age groups are ready to use a blockchain banking product or app today. The survey was presented to…

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Bitcoin Progress Blockchain News Odilon Almeida ripple western union XRP 

Western Union Hints At Using Cryptocurrency In Its Services

Odilon Almeida American based financial service Western Union is finally ready for cryptocurrencies. In a video interview with Reuters Plus, Western Union President Odilon Almeida said the company has been evaluating the use of cryptocurrency. They are also exploring how they can improve their service delivery using blockchain technology. Western Union is interested in adopting cryptocurrencies as an option for users to exchange for fiat currencies. However, Almeida said the move would only see the light of day if it connects with a global audience. Almeida also touched on some of the…

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Binance Blockchain News Crypto CZ 

While Many VCs Leave, Binance Expands Crypto Incubator to 5 Regions

Many venture capital firms have broken deals with companies in the crypto sector over the past several months. Barry Silbert, the founder and CEO of Digital Currency Group, a major cryptocurrency-focused venture capital firm that has invested in large-scale cryptocurrency businesses in the likes of Coinbase, bitFlyer, and Blockchain, has said that amidst falling crypto asset prices, deals between crypto startups and venture capital firms have started to fall out. Despite the troubling trend, Binance, the world’s largest cryptocurrency exchange by daily volume and active monthly visitors, expanded its crypto…

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