Chinese Tech Giant Baidu Launches Blockchain OS to Support DApp Development February 14, 2019

Chinese search engine and web services company Baidu has launched its Baidu Blockchain Engine (BBE), an operating system designed to facilitate decentralized application (DApp) development. The news was officially announced by Baidu’s cloud computing unit, Baidu Cloud, on Feb. 14. Baidu Cloud states that it considers an open source, commercialized platform to be “the only […]

Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry January 25, 2019

United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reported Jan. 24. Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline insurance claims processing and […]

Mining Giant Bitmain Sues Unknown Hacker for Alleged Theft of $5.5 Million in Crypto November 11, 2018

China-based Bitcoin (BTC) mining giant Bitmain has sued an anonymous hacker for the alleged theft of cryptocurrency worth $5.5 million from Bitmain’s account on Binance in April, according to a lawsuit filed with the U.S. District Court for the Western District of Washington at Seattle on Nov. 7. As stated in the court document, an […]

Chinese Retail Giant JD.com Launches Blockchain Research Lab October 31, 2018

Chinese retail giant JD.com is further gaining a foothold in blockchain technology by launching a research lab for blockchain in partnership with two technology institutes, according to an announcement published Oct. 30. Jingdong Group (JD.com) is a leading Chinese e-commerce company, controlling roughly 30 percent of the business-to-consumer online market in China with 314 million […]

Japan’s Messaging Giant LINE Launches Its Own Cryptocurrency August 31, 2018

Japanese social messaging giant LINE has launched its own cryptocurrency and in-house blockchain, according to an announcement released today, August 31. LINE has revealed that the genesis block of its new mainnent, LINK chain, was generated August 23. The company describes the mainnet as a “service-oriented” blockchain network that will enable decentralized apps (dApps) to […]

Crypto Mining Giant Canaan Unveils First-Ever Bitcoin Mining Television August 4, 2018

Canaan Creative has launched what it hopes will be the future of the blockchain and the first of a series of releases that will improve its position as it battles for increased market share in the bitcoin mining device market. Dubbed the AvalonMiner Inside, the smart TV also doubles as a bitcoin mining device, and […]

Japan’s Tech Giant Sony Offers Solutions for Boosting Blockchain Hardware in Two Patents August 3, 2018

Japanese electronics giant Sony has filed two patents for boosting blockchain-based ecosystems, according to filings 20180218027 and 20180219686 published by the U.S. Patent and Trademarks Office (USPTO) Aug. 2. Through the patents, Sony intends to improve the design and structure of blockchain hardware by introducing new circuitries to the processes of distributed ledger technology. The […]

Banking Giant Trials Blockchain for Issuance of Land-Backed Loans July 31, 2018

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of […]

Chinese Banking Giant Trials Blockchain to Issue Land-Backed Loans July 31, 2018

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of […]

Bitcoin Mining Giant Bitmain Eyes $1 Billion Pre-IPO Financing: Report July 25, 2018

Already the world’s most valuable cryptocurrency company, Chinese bitcoin mining hardware manufacturer Bitmain is reportedly enticing investors toward a new $1 billion financing round ahead of its anticipated public listing in Hong Kong. According to regional news resource Toutiao, Bitmain is looking at a new round of financing – its biggest yet – near the […]

South Korean Telecoms Giant KT Has Built Its Own Blockchain July 24, 2018

KT Corporation, one of the two largest telecoms companies in South Korea, has launched a proprietary blockchain network, aiming to apply the technology across areas including ID verification, data roaming and energy trading. According to a report from CoinDesk Korea, the firm revealed its KT Network Blockchain on Tuesday, boasting a throughput of 2,500 transactions […]

A Japanese Telecom Giant Wants to Use Blockchain to Store Contracts July 20, 2018

Japanese telecommunications giant Nippon Telegraph and Telephone (NTT) may be looking to invent a new contract agreements system based on blockchain technology, according to a patent application published Thursday. The world’s fourth-largest telecom provider details how it could use the application to store contracts without allowing for documents to be tampered with. As outlined, the system […]

Japanese Internet Giant GMO’s New Web Bank Will Use Blockchain for Payments July 18, 2018

Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services. In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group, a joint-initiative that has been […]