South Africa: Standard Bank Taps Contour Blockchain Finance Network to Issue Letter of Credit

Major South African bank joins the Contour blockchain trade finance network. Standard Bank Joins Contour Blockchain Alliance Johannesburg headquartered South African bank Standard Bank is primed to join the Singapore-based Contour blockchain trade finance network. Notably, Contour leverages the enterprise-grade R3 Corda enterprise blockchain for its digital Letter of Credit network. As of now, the platform is in beta testing […]

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Homomorphic Encryption & What it Means for Blockchain

For those not familiar with cryptography, encryption, in its most basic sense, is a cryptographic equivalent of a lock and key. In a way similar to locking your valuables in a safe, encryption allows sensitive data to be protected. Once data has been encrypted, it’s converted to an unreadable, meaningless form that cannot be understood. Sounds convenient? The ‘key’ to […]

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Chainalysis Partners with Wyoming Government to Combat Money Laundering

Blockchain analysis firm Chainalysis has announced that it has entered a strategic partnership with the State of Wyoming Division of Banking to develop solutions to combat money laundering and other financial crimes.  Blockchain Technology to Be Used to Track Transactions Chainalysis, in a detailed press release on September, 17,  revealed key details of the partnership. According to the details, both […]

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AI And Blockchain Startup VAIOT Secures $5.9M To Further Develop “Siri” For Businesses

AI and blockchain startup VAIOT has secured 5 million euros ($5.9M USD) through seed funding and a private sale of its VAI Tokens. VAIOT combines artificial intelligence and blockchain to create new ways of digitally accessing services and securely concluding legal agreements using a natural user interface. The company enables both businesses and consumers to utilize a set of technologies […]

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The Growing Trend of Hashpower Exchanges

In the past few years, varieties of cryptocurrencies, bitcoin and derivative investments have captured headlines, attention, and enormous investments. Any single brand or type of cryptocurrency might be popular one day and an orphan the next. Investment strategies and philosophies will come and go as investors experiment with new types of technologies to find and mine value in the trillions […]

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Australian Banks Partner with IBM on Trade Guarantee Project

A consortium of big Australian banks has successfully conducted a blockchain-based pilot with over 20 Australian businesses and IBM, according to a report. Australian banks look to blockchain IBM public cloud Lygon blockchain platform has successfully conducted its pilot with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac, and a group of 20 independent Australian businesses. The project […]

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Large Scale Opportunities for Blockchain Patents

The race for blockchain patents is swarmed with hurdles. They protect vital pieces of intellectual property. The race to patent blockchain innovations, the newest kid on the patent gold rush block has seen a lot of activity in the last few years. Blockchain can be utilized anywhere from the stock exchange, health care industry to security. Blockchain inventions present huge […]

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