Blockchain, crypto set to take sports industry beyond NFT collectibles

Bitcoin (BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering an immutable and truly decentralized ledger over the past 13 years. Adding to the years of innovations since then— that saw the introduction of altcoins, non-fungible tokens (NFT), decentralized finance (DeFi) and more, a study conducted by fintech giant Deloitte highlighted the untapped potential of the crypto ecosystem to open up newer markets for the sports industry. Fan tokens and NFTs were first introduced to the sports industry to increase fan…

Blockchain and digitization to take center stage at Davos

The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26,  marking the first in-person WEF global leadership event since the pandemic began. The annual meeting was first scheduled for January but was later turned into a virtual event in light of growing COVID-19 infections during the winter. The Davos Agenda 2022 virtual event took place from January 17–21, 2022, which saw major world leaders appeal for cooperation in tackling major global socioeconomic issues. Discussions during the virtual event revolved around global economic recovery,…

Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding

Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions. While many developed countries and even several of its Asian counterparts are actively studying and formulating better crypto regulations, the Indian government has maintained a “blockchain, not crypto” stance. It might seem like the government is taking a cautionary step to focus on the underlying technology while keeping its distance from the volatile and risky crypto market. However, going by the…

Medha Parlikar & Niamh O’Connell, CasperLabs: Enterprise adoption in blockchain

CasperLabs is the overseer of the Casper blockchain, a proof-of-stake network optimised for enterprise and developer adoption that launched in early 2021. The Zug-based company provides engineering and professional services to enterprise clients looking to migrate key business processes to a secure and scalable blockchain. Following a recent partnership with Amazon Web Services and expansion into the Chinese market, The Block caught up with CasperLabs’ CTO and co-founder Medha Parlikar along with senior business development manager Niamh O’Connell. The Block: From partnerships with AWS and IBM to being the preferred…

Polygon and others extend helping hand to Terra blockchain projects

Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks. In a move that is expected to benefit both the Polygon (MATIC) community and Terra projects, Polygon Studios’ CEO Ryan Wyatt tweeted on Monday that Polygon is working with a number of Terra projects to assist them migrating to the Polygon Network. The Polygon community, according to Wyatt, “is ready…

Blockchain will be taught in classrooms in 3-5 years

Colin Miles, the newly-appointed CEO of TZ APAC, expects blockchain and Web3 curricula to start becoming an integral part of secondary and tertiary education within the next three to five years.  “I would think it’s that classic medium-term, three-to-five timeline,” said Miles. Miles spoke to Cointelegraph after the announcement of TZ APAC’s partnership deal with the National University of Singapore’s (NUS) School of Computing on Tuesday, which will see the Tezos agency supporting the development of the university’s new center for nurturing computing excellence. Miles said: “If you have a…

Indian central securities depository to back up its monitoring of bonds by blockchain

The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform.  NSDL officially launched the distributed ledger technology (DLT) platform on Saturday during its 25th-anniversary presentation, alongside the Securities and Exchange Board of India (SEBI). The platform is expected to strengthen the monitoring of security and governance in the corporate bonds market to bring “further discipline and transparency to the market.” SEBI chairperson Madhabi Puri Buch underscored the blockchain’s transparency as the key reason for the technology’s popularity but made a reservation regarding…

Utah Governor approves of blockchain and digital innovation task force

After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force. The Utah State Legislature first saw the introduction of the house bill (H.B. 335) in early February 2022, which took nearly two months to pass through several senates, house and fiscal actions before finally being signed by Governor Cox on March 24. Some of the primary duties assigned to the task force involve making policy recommendations…

Blockchain technology to power De Beers’ diamond production

Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution. The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production and distribution across the globe. The Tracr platform was first piloted and tested back in 2018, and the company has finally released the platform at scale to serve the wider diamond mining industry. De Beers has already incorporated the system into its global operations and estimates that 25% of its diamond…

California governor issues blockchain executive order building on US President’s regulatory efforts

Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space. In a Wednesday announcement, the California governor’s office said executive order N-9-22 and the California Consumer Financial Protection Law would allow the state to create “a transparent and consistent business environment for companies” in Web3 and the crypto space, including blockchain and financial technology firms. According to the order, the California state government will need…