Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India June 18, 2019

Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18. The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), based on tokenization technology developed by Australian blockchain-powered Fintech company Identitii Ltd., the firm […]

Russian Gas Giant Gazprom to Use Blockchain in Gas Supply Agreements April 4, 2019

The Russian prime minister has welcomed an initiative to use blockchain in agreements over gas supplies by the country’s state-owned gas giant Gazprom, local finance news outlet Vestifinance reports on April 4. The news agency operates under Russian Television and Radio Broadcasting Company (RTR), a major TV channel. The head of Russia’s state-owned gas giant […]

Russian Social Media Giant VK Eyes Launching its Own Crypto: Report March 31, 2019

The most popular social media platform in Russia, VKontakte (VK), is considering developing its own cryptocurrency, local news outlet RNS reported on March 28. Per the report, an unspecified person familiar with the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. […]

South Korean Messaging Giant Kakao, Irish Startup Partner for Blockchain Payment Methods March 26, 2019

Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and an Ireland-based ticketing startup have signed a partnership agreement to develop a blockchain-based payment system. Irish business news outlet Fora reported on the partnership on March 23. The new partnership agreement will focus on applying the former’s blockchain […]

Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET March 17, 2019

Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that […]

Dubai Real Estate Giant Emaar to Launch ETH Token, Considers ICO in Europe March 11, 2019

Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Per the article, the token will be developed by Swiss blockchain startup Lykke, and will grant Emaar’s customers and stakeholders access to the […]

Smart Contract Firm Quantstamp Reveals Investment From Financial Giant Nomura March 8, 2019

United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings. The news was revealed in a press release from Quantstamp published on March 6. According to the announcement, the U.S. firm has received a “significant investment” from Nomura, which provides investment, financing and […]

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 […]