Monthly Archives: April 2017

Japanese banks test blockchain technology using virtual currency.

Several Japanese banks are reportedly willing to test national money transfers using digital coins on a blockchain as a low-cost alternative to traditional money transfers. According to a report released on Thursday by Nikkei, Japan’s most prominent financial publication, a group of major Japanese banks will test to determine whether a blockchain platform with digital


Launched in September 2016, the Jiangsu Huaxin Blockchain Research Institute (JBI), is being made public as the first state-owned enterprise to focus exclusively on blockchain technology. Already, the group, backed by the parent company Beijing Huaxin Electronics Enterprise Group, claims to have approximately 100 employees in its Nanjing office working to develop its product. It

To Implement Blockchain To Generate Automation Within Businesses And Corporations

Currently it is difficult to imagine companies without bosses, employees, shareholders or any structure, but they are present, it is known as Decentralized Autonomous Organization DAO, and are based precisely on the decentralization of block chains, innovative technology. However, for certain groups of people blockchain technology is still puzzling and yet it does not stop

Bank of Korea: Costs Could Limit Cryptocurrencies Use

Written by researchers at the Bank of Korea and Hongik University in Seoul, the paper seeks to identify the factors that could drive the use of a blockchain-based currency, as opposed to government-issued currencies. According to the authors, there is likely to be a symbiotic relationship between both economies if digital currencies are used more

Humanitarian Aid count with Bitcoin and Ether

The trial evaluation, which will begin in Jordan on May 1, will allow WFP to send an unspecified number of dinars to more than 10,000 beneficiaries in need of financial support and additional food, with the aim of expanding the number of beneficiaries to 500,000. It is noteworthy that the UN World Food Program (WFP),

With Steady Steps Fintech Revolutionizes the World

Most large financial groups remain convinced of the possibility of the block chain, to revolutionize parts of their industry and several central banks are examining the potential to use technology to create digital currency. Venture capital investment in the block chain companies rose one-fifth to $ 544 million last year, according to KPMG. Major banks

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