Chinese e-commerce giant Alibaba is piloting a blockchain-based solution to track supply chain of their food division, to combat food fraud. The pilot is being done by the company’s Australia and New Zealand branches. Food fraud is a common criminal…
Cathay Pacific rolls out blockchain-powered reward program for flyers
Cathay Pacific, the flag carrier of Hong Kong and an airlines giant, will use blockchain technology for rolling out their new rewards program for their flyers. They have worked with technology giant Accenture for this new reward program, named ‘Unlock…
Cardano Blockchain to help coffee-growers in Ethiopia for coffee export
Innovative blockchain-based start-up Cardano has signed a memorandum of understanding (MOU) with the Ministry of Science and Technology of the government of Ethiopia, for agri-tech development using the promising distributed ledger technology (DLT). The MOU has special focus on coffee…
Cisco patents technology that could allow cloud-based crypto mining
American multinational tech giant Cisco has won a patent that will allow crowd-sourcing of cloud computing model, which can facilitate many applications including crypto mining. The patent application was filed in September 2015, and has been approved recently by the…
Plans afoot to restart Australian coal power plant for powering blockchain company
An Australian tech company IOT Group plans to restart a coal-fired power plant in Australia, for supplying cheap electricity to blockchain companies. However, the plan to restart the Redbank Power Station has met with reservations from the industry-watchers. Redbank power…
Indian blockchain and crypto startups move to countries with friendly regulations
Indian cryptocurrency and blockchain start-ups are moving to countries with friendlier regulatory environment for crypto business, from India. The start-ups link their decision to the recent moves by the Reserve Bank of India (RBI), i.e. the Indian central bank, and…
Nearly 400 websites were infected with Coinhive code in the latest cryptojacking incident
Cryptojacking, i.e. hijacking unsuspecting users computers for surreptitious cryptocurrency mining, has become a persistent issue. In the latest such incident, nearly 400 websites were infected with a Coinhive crypto mining code. Cryptocurrency mining is a complex, resource-intensive, and competitive process.…
Indian crypto exchanges challenge banking ban in the court
Four crypto exchanges in India have challenged the circular from the Reserve Bank of India (RBI), i.e. India’s central bank, denying them banking services, in the Supreme Court of India, the highest court in the country. The exchanges that have…
JP Morgan intends to patent blockchain-based P2P payment solution
American multinational investment bank and financial services giant JP Morgan Chase & Co. wants to patent a blockchain-powered technology solution that will make peer-to-peer (P2P) payment network for banks a reality. The patent application was filed in October 2017, and…
MasterCard intends to patent technology for easier activation of new blockchain nodes
American multinational financial services giant MasterCard has filed a patent for a technology solution that will expedite the activation of new nodes on a blockchain. The patent was filed on October 2016, and the US Patent and Trademark Office (USPTO)…