Diamond industry majors with work with blockchain start-up to tokenize diamonds

Global diamond majors KGK Diamonds and Alrosa have joined D1 Mint, a blockchain start-up, in a partnership. The partnership is about tokenizing diamonds and was announced recently. Diamonds industry has stagnated for quite some time now, for the following reasons:…

Alibaba blockchain foray into supply chain picks up pace

Supply chain management is a vast and complex industry. Manual processes and paperwork are some factors behind this complexity. This Alibaba blockchain push into supply chain is significant for the industry.

Saudi ATM Provider Partners with Blockchain Identity Platform to Launch Blockchain Based ATM

News coming from Saudi Arabia indicate that Saudi automated teller machine (ATM) provider Alhamrani Universal (AU), has entered into a partnership with blockchain identity platform Shocard to develop a blockchain-based biometric ATM, according to a press release published on Feb…

American Express(AmEx) powers its membership rewards program with blockchain

American multinational financial services giant American Express (AmEx) has decided to integrate the promising blockchain technology in its membership rewards program. AmEx has partnered with the digital retailer Boxed, for the initial phase of this transformation. At present, onboarding merchants…

IBM blockchain supply chain solution keeps oranges fresh and juicy with an efficient bill of lading!

Bill of lading is time-consuming and impacts the container shipping industry. IBM blockchain supply chain solution is reducing the time to complete bill of lading, as a pilot project to track an orange shipment shows.

Can Bitcoin dethrone VISA? Not anytime soon, with the high Bitcoin electricity use!

Bitcoin enthusiasts and the other market-watchers often wonder whether Bitcoin can eclipse the prevailing payment methods like VISA. Bitcoin electricity use is very high, and the Bitcoin community needs to address this first.

Walmart to Require Produce Suppliers to Deploy Block-chain Technology

United States Retail powerhouse WalMart and its division Sam’s club which is a membership-only retail warehouse club will require its leafy greens suppliers to put in place a farm to store tracking system based on blockchain technology. The end to…

Red Hat Turns to Blockchain Technology to Help Track Software

The blockchain system seems to be percolating into different industries every day. This is after cloud computing giants Red Hat was reported to be looking to incorporate blockchain technology in their operations. Red Hat is reportedly looking to the blockchain…

Ex JP Morgan Exec Says The Block-chain Could Help Avert The Next Financial Crisis

The current honorary academic adviser of the Asian Block-chain institute and former vice president of the famous North American investment banking giant JPMorgan Chase, Pang Huadong, stated that the block-chain could be the key to averting the next global financial…

Intel will track addictive medicine supply chain in blockchain pilot project

Intel will pilot blockchain-based system to track supply chain of addictive medicines: American multinational tech giant Intel will pilot a blockchain-based solution to track supply chain of medicines. The project may have significant positive impact on supply chain tracking of…