Central Banks Favor Digital Currencies for Interbank Settlements

“No major central bank intends to implement a retail CBDC in the near term. However, the debate about wholesale CBDCs has moved on from questions of feasibility to practical considerations,” the report read. Majority Prefers Wholesale CBDC IBM and OMFIF rested the survey on how wholesale CBDC could be developed, tested and issued on a …

China’s Largest Newspaper Group to Launch Blockchain Laboratory

People Capital, the venture capital arm of People’s Daily Online — the official newspaper of the Chinese Communist Party — has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large. The alliance between the companies is part of a global …

Blockchain Might Make Voting Worse — Not Better: Crypto Researchers

Three researchers with the Initiative for CryptoCurrencies and Contracts (IC3) are questioning whether, as some proponents claim, blockchain technology will be able to change the internet voting sector for the better. In an article published by Business Insider, the scholars argue that while blockchain technology might serve to revolutionize other industries, internet voting might be a …

French Grocery Chain Integrates IBM’s Food Trust Blockchain

IBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food …

Blockstream’s Bitcoin Sidechain is Now Live

Samson Mow, chief strategy officer at Blockstream, announced today that the blockchain startup has launched the Liquid Network, a Bitcoin sidechain. Liquid is, as described by the company, “an innovative sidechain built on the Bitcoin network, facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality.” The main purpose for the technology is …

Australia Trials Citizen Disability Insurance Payments on a Blockchain

The Australian federal government is testing a blockchain application to explore the use of blockchain technology to create ‘smart money’ for the country’s National Disability Insurance Scheme (NDIS). Dubbed “Making Money Smart”, the trial is jointly developed by the Commonwealth Scientific and Industrial Research Organization (CSIRO) – Australia’s federal science agency – and the Commonwealth …

Forget Buterin’s 500 TX/S, Researchers Explore 17,000 TX/S on Ethereum

In September, Vitalik Buterin, the co-creator of Ethereum (ETH), stated that the Ethereum blockchain network could scale to 500 transactions per second using ZK-SNARKS, the base technology of privacy-focused cryptocurrency Zcash. This week, Ethereum researchers Barry Whitehat, Alex Gluchowski, Harry R, Yondon Fu and Philippe Castonguay introduced a solution called snark-based side chain, which could …

Walmart Demands Salad Growers to Use Blockchain for Food Safety

Walmart has advised its fresh, leafy greens producers to use blockchain technology to trace the movement of their products under its food traceability initiative, and to have all systems in place about one year from now, according to the company’s website. A letter to its suppliers noted the U.S. has suffered a multi-state outbreak of …

ConsenSys Has Begun Supplying Electricity Using Ethereum to Texas

Grid+, a blockchain startup operated by ConsenSys, the largest blockchain software company in the world operated by Ethereum co-creator Joseph Lubin, has successfully started to supply electricity to its clients in Texas. Milestone Reached: Grid+ Texas has begun flowing power to its first four customers! — Grid+ (@gridplus_energy) September 21, 2018 Through the use of …

BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa

BitPesa, a digital treasury management solution that leverages blockchain settlement to lower the cost and improve the speed of payments to and from frontier markets, has teamed with SBI Remit, Japan’s largest remittance service provider, to make it easier for Africans to buy Japanese products.   The two firms are leveraging blockchain technology to reduce …