World Bank President now Believes that The Blockchain has “huge potential”

The president of the world bank group Jim Yong Kim has expressed his view that blockchain technology has “huge potential” and that the bank should keep pace with innovative technologies. Kim’s remarks came at the international monetary fund (IMF) and…

Thai Commerce Ministry Looks to Blockchain for Agriculture, Finance and Copyright

The ministry of finance in Thailand has begun to explore feasibility studies on the ust]e of the blockchain in copyright, agriculture, trade finance, according to a Thai newspaper post posted on the 9th of October. An official from the Thailand…

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…

Iceland Soon to Shift from Crypto Mining to Pure Blockchain Business According to Insiders

The small country of Iceland is on the news again. After the county went onto the spotlight two years ago after a dominant display by the Men’s football national team at the FIFA Euro 2016 grand stage and subsequently at…

Us Navy Looks To the Blockchain to Enhance the Tracking of Aviation Parts

Blockchain technology is currently being looked into by the United States Navy Naval air systems command (NAVAIR) for tracking aviation parts throughout its lifecycle. For NAVAIR, there is a big need to change the way it tracks the lineage of…

Thailand Is Becoming a Hub for Blockchain and Crypto Technologies

While regulators in countries such as the United States are still scratching their heads on the issue of cryptocurrencies, the Thai government has already drawn a detailed plan of how they will set up their own central bank digital currency.…

Standard chartered bank partners with Siemens on a blockchain based pilot test seeking to completely digitize bank guarantees

International banking giant Standard Chartered is reportedly partnering with the financial arm of tech manufacturing giant Siemens I a pilot project geared towards putting bank guarantees for trade finance on a blockchain. A report from IBS intelligence revealed that the…

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…

Giant automakers form blockchain consortium

There’s a now a blockchain consortium for the automobile sector. The Mobility Open Blockchain Initiative (MOBI) has been formed, with participation from giant automakers BMW, Ford, General Motors (GM), and Renault. The automotive sector is clearly the next frontier for…

Alibaba pilots blockchain-powered food supply chain tracking solution

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…