Telefónica, Deutsche Telekom and Vodafone Use Blockchain for Roaming Settlement

Three global industry leaders in telecommunications — Spain’s Telefónica, Deutsche Telekom, and British provider Vodafone — have jointly finalized a trial blockchain solution for the settlement of roaming discount agreements.  Developed by blockchain startup Clear, the solution is expected to reduce capital costs for telcos, support faster revenue recognition, and provide more efficient settlement for their inter-company deals and workflows. Both Telefónica Innovation Ventures and the Telekom Innovation Pool of Deutsche Telekom had participated in a $13 million Series A investment for Clear earlier this year to support the startup…

Singapore’s Blockchain Payments Platform Ready for Commercial Launch

Singapore authorities announced today that their blockchain payments project, Project Ubin, is complete and ready for commercial launch.  The Monetary Authority of Singapore, or MAS, first undertook Project Ubin in 2017 with plans to first develop a digitized Singapore dollar (SGD). The next steps involved exploring blockchain and distributed ledger technology to build a system for the clearing and settlement of payments and securities using digital SGD. For the final phase of the project, MAS worked in collaboration with the Singapore-based investment company Temasek and the American investment bank JPMorgan. …

Shipping Giants Piloting Blockchain to Improve Efficiency

  The Port of Rotterdam in the Netherlands has launched a blockchain-based pilot with some of the world’s leading shipping companies to improve the safety and efficiency of millions of containers that are unloaded in the port every year, according to a release from the port on July 9. Secure Container Release, the new blockchain application is reportedly to replace the traditional PIN code with a digital signal. According to the port, the current PIN code system requires manual processing which is more liable to error and delays. The new…

Top 10 Quotes From the Virtual Blockchain Conference

The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within and outside the crypto space. Blockchain adoption, decentralized finance, central bank digital currencies and the future of Bitcoin (BTC) dominated the conversation in many of the panels.…

Blockchain Platform Targets Change in Agriculture & Fishing Industries

Release, a blockchain-powered social commerce platform, has announced on July 12 that its platform is ready to transform the agriculture and fishing industry. The agriculture and fishery industries have a huge potential to scale at a global level if issues such as logistical efficiency and price fairness can be solved. Release has reportedly developed a social commerce architecture that will help in transforming the global agriculture and fisheries logistics. It explained that: “Sellers will be able to decide on the spot prices of freshly picked vegetables, fruits, fishes, shellfishes, etc.…

Three Industries That Will Be Blockchain Innovators Post-Pandemic

Fabio Canesin, co-founder of blockchain fintech firm Nash, believes that as the world comes out of the COVID-19 pandemic, blockchain technology offers a “unique” opportunity to the public due to its “borderless” nature. During an interview with Cointelegraph, Canesin states that he sees the “greatest” emerging use case in blockchain for three core industries in a post-pandemic era: government, nonprofit, and small-to-mid-size businesses. Blockchain helping to distribute Coronavirus-related stimulus checks For the government entities, Nash’s co-founder explained: “This could mean using blockchain for stimulus checks instead of sending payments via…

Blockchain Changes Gaming Economics, Forte Exec Explains

During a gaming-focused Unitize digital conference panel, Mike Termezy, vice president of token economics at blockchain technology services company Forte Labs, explained blockchain can alter gaming market ecosystems. Blockchain can lay out more clearly-defined scarcity parameters in gaming During the panel, Termezy, along with gaming expert and principal at Gossamer Consulting Group, Eric Kress, discussed a number of points on the current gaming scene. Topics included comments on various gaming communities, the digital in-game products companies sell, and other aspects.  After noting a number of points on blockchain application in…

South Korea Brings Blockchain to Healthcare, but That’s Just the Start

The government of South Korea is trying its best to adopt blockchain technology in various industries. The country’s central bank is reviewing the use of a central bank digital currency, and various government ministries want to adopt decentralized identification features within their current systems. Hospitals, pharmaceutical companies and research centers are also looking at blockchain solutions. Everyone knows that blockchain can help the medical industry, but at the same time, applying a new blockchain service structure to traditional industries is not so quick and simple. Lots of testing needs to…

Russia’s Blockchain E-Vote Participants May Have Had Their Private Data Leaked

Personal data for over a million Russian nationals has reportedly been leaked. The data allegedly belongs to some of the citizens who participated in the recent blockchain-based e-vote on Constitutional amendments. The archive was reportedly available for everyone to download  According to an investigation published by Russian language media outlet Meduza, an archive titled “degvoter.zip”, which contains said data, was publicly available for download for at least several hours on July 1 via a government website. The file has since been distributed through various Telegram groups and channels.  The archive…

Unitize Conference Covers Ground, Mulls Blockchain Adoption and DeFi

Retail and enterprise blockchain adoption trends dominated the discussions on days three and four of the ongoing virtual conference Unitize, organized by BlockShow and San Francisco Blockchain Week and sponsored by crypto derivatives exchange ByBit.  The key topic that dominated discussion was blockchain adoption, which continues to spread across the globe, with governments and corporate establishments developing solutions based on distributed ledger technology.  Exploring the blockchain development landscape Speaking during one of Wednesday’s panels at the conference. Yi Ming Ng, a member of the Tribe Accelerator project in Singapore, and…