Category: Blockchain Tech

China to Integrate Digital Yuan with Nationwide Blockchain Network BSN

China to Integrate Digital Yuan with Nationwide Blockchain Network BSN

China may not be a fan of cryptocurrencies, but it has confidently tossed its vote for blockchain, especially after President Xi Jinping encouraged development in the sector nationwide across different verticals and industries. The emerging superpower then embarked on its most ambitious blockchain project yet, the Blockchain Service Network (BSN), which is expected to be […]

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South Korea Firm ICONLOOP to Develop Blockchain-Based Driving License System

South Korea Firm ICONLOOP to Develop Blockchain-Based Driving License System

Blockchain technology firm ICONLOOP which is known for its blockchain-based identity verification system is once again working with the South Korean government to develop a new system, this time for mobile driving licenses. According to a press release, the Ministry of Science and ICT has given approval to ICONLOOP to use its decentralized identity (DID) […]

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Bilateral Saudi, UAE Digital Currency Experiment Reveals Distributed Ledger Benefits

Bilateral Saudi, UAE Digital Currency Experiment Reveals Distributed Ledger Benefits

A digital currency (CBDC) pilot has been concluded by the central banks of Saudi Arabia and the United Arab Emirates (UAE). Both countries find that distributed ledger technology will enhance cross-border transactions and meet the demands of financial privacy in a strictly digital sense. “The name Aber was chosen because it both captures the cross-border […]

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Australia Border Force, Singapore Customs & More to Test Blockchain Trade System

Australia Border Force, Singapore Customs & More to Test Blockchain Trade System

Blockchain technology is known for its diverse use cases and one of the more popular sectors it has been utilized in is trade. As reported by ZDNet, the Australian Border Force, in collaboration with Singapore Customs and Singapore’s Infocomm Media Development Authority (IMDA) will be using a blockchain-based verification system for trade-related documents between regional […]

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Hotels To Consider Implementing Crypto Payment in Argentina

Hotels To Consider Implementing Crypto Payment in Argentina

As Argentina plans to re-open after lengthy, COVID-19 pandemic lockdown-enforced closures by the government which has severely crippled the local economy, Argentine hotels are “prepared to accept crypto payment.” A few months ago, Argentina defaulted for the second time in this century after missing the deadline to pay $503 million in interest on the U.S. […]

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Vietnam’s Ministry of Education Partners Blockchain Firm TomoChain to Store Student Records

Vietnam’s Ministry of Education Partners Blockchain Firm TomoChain to Store Student Records

Student records are now moving onto blockchain networks, at least in Vietnam. According to TomoChain’s official announcement, the Vietnam Ministry of Education and Training (MOET) has announced its partnership with TomoChain, a smart contact platform based in Singapore, to store the certificates and academic records of its tertiary education students under a newly-coined National Qualifications […]

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