Tag: Launches

South Korean Telecom Giant Launches 2,500 Txns/s Commercial Blockchain

KT Corp may only be the second-biggest mobile carrier in South Korea, but the telecommunications firm is reportedly the first in the world to launch a blockchain-based commercial network. According to The Korea Herald, KT Corp’s blockchain network will initially have the capacity to handle 2,500 transactions per second. Before the end of 2018, however, the capacity will have been quadrupled. By the end of next year, KT Corp intends to have increased the number of transactions per second to 100,000, according to the head of Blockchain Center at the…

Singapore Airlines Launches Blockchain Digital Wallet ‘KrisPay’ for Travelers

Singapore Airlines, one of the world’s leading and best-rated airline operators, has launched KrisPay – a digital blockchain wallet that allows frequent fliers to convert airmiles into digital currency. Announced on Tuesday, the digital wallet app will be accessible for users of the airline’s ‘KrisFlyer’ frequent flyer program and will use blockchain technology to enable travelers to spend their air miles at retail establishments, hotels, petrol stations and other partner merchants in the island nation. As reported previously in February, SIA will use its own private blockchain developed with technology…

Huobi Launches Service to Build Crypto Exchanges in the Cloud

Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges. Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according to the official press release, though it did not provide specifics on what it will offer these partners. The company goes on further to explain: “Over the past five years, Huobi has accumulated rich and…

OKCoin Exchange Launches in US Offering Fiat-to-Crypto Trading

Cryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin’s website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic. For the new offshoot, the company filed a money service business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017. The document shows that the legal entity behind the exchange is…