India has clamped down hard on cryptocurrencies while encouraging blockchain. A complete ban could be in the pipeline and an entrepreneur has recently criticized the India crypto ban.
Proposed legislation to enforce India crypto ban has provisions for penalties and imprisonment
Lawmakers in the Indian parliament are mulling a stringent legislation for enforcing the India crypto ban. The proposed legislation includes steep penalties and 10-years imprisonment.
A new blockchain cross border payments solution from Visa to transform corporate cross-border payments
Cross-border payments is a large and growing sector, however, it’s slow, costly, and opaque. A new blockchain cross border payments solution from Visa, targeting corporate cross-border payments will help.
Amazon’s new blockchain proof of work patent could bring in key improvements in the consensus algorithm
Proof Work algorithm, used in famous cryptocurrencies like Bitcoin and Ethereum could be made more efficient, as the high energy consumption shows. A new Amazon blockchain proof of work patent could change that.
The Azure Blockchain Platform has adopted VeriSol, a smart contract verification solution from Microsoft Research
Smart contract bugs are increasingly attracting attention, however, smart contract verification is challenging. The Azure Blockchain Platform has now adopted VeriSol, a smart contract verification tool from Microsoft Research, which should help.
Walmart joins MediLedger, a blockchain pharma supply chain project to combat counterfeit drugs
The problem of counterfeit drugs is a global one, exposing patients to severe risks. Blockchain can help in combating this, and the recent move by the retail giant Walmart to join the blockchain pharma supply chain project MediLedger is a welcome move
Salesforce unveils its new Blockchain as a Service (BaaS) platform
Businesses need enterprise blockchain in order to realize the potential of blockchain, however, enterprise blockchain is hard to implement. A new Blockchain as a Service (BaaS) platform from Salesforce will likely aid them.
A major Seoul blockchain push by the local government for citizen ID cards in the city
South Korea is a happening place as far as the blockchain technology is concerned. The recent Seoul blockchain push by the local government for citizen ID cards will consolidate the gains.
A new WhatsApp Bitcoin integration from Zulu Republic will help with crypto adoption
Difficulties in using cryptocurrencies slow down the adoption of crypto. A new WhatsApp Bitcoin integration from Zulu Republic will likely help crypto users.
Technology businesses lobby with Indian central bank to relax the India crypto ban
Reserve Bank of India, i.e., the central bank in India has consistently opposed cryptocurrencies. A lobbying effort on part of technology businesses in India is underway to relax the India crypto ban.