Blockchain Technology Market News

Blockchain expected to prevent accounting fraud

Monica Singer, a former World Bank consultant and the director at the SA Institute of Chartered Accountants, believes that the implication of blockchain tech and distributed ledger system would have prevented the Steinhoff accounting scandal. Singer, an ambassador of ConsenSys, mentioned, “We have a technology that allows us to imagine a world that’s transparent and without corruption.”

Blockchain Technology Market World Cup Russia

LeSports former executives raise $5 million for Blockchain project

A consortium of thirty former employees of LeSports has raised $5 million for a blockchain project called Zhuafan. The content app would have live streaming and short videos featuring celebrities. The blockchain integrated application is scheduled to go live in June at the time of 2018 World Cup. The fund was raised from Xinpai Capital.

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Swissport to use blockchain in Cargo business

Swissport is partnering with Olam, a non-profit organization, for the launch of its blockchain pilot program to manage the cargo business. The chief of global cargo operations at Swissport, Hendrik Leyssens mentioned blockchain could quicken the transaction processes and reduce operational costs. The project would also impact passenger services associating with Winding Tree.

ChronoBank unveils LaborX

ChronoBank unveils LaborX

ChronoBank has declared the launch of LaborX, the maiden blockchain integrated job platform. The platform is expected to securely connect the job seekers with the companies instantaneously. The CEO of the company stated, “We project 1,000 companies and 100,000 users will sign up for labor by year’s end, saving them approximately $45 million per month.”

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Blockchain-powered DAO to access educational resources

Top Chinese universities are intending to develop a decentralized autonomous organization which is blockchain-powered for easy and affordable access to educational resources. The goal as reported by Coindesk is the levy of potential access to educational resources from various institutions shared on the distributed ledger platform. No further detail about the project is disclosed.

Blockchain Technology Market Europe

BlockShow Europe 2018 winners declared

BlockShow Europe 2018, the international blockchain conference, has ended its search for the groundbreaking companies in the European blockchain industry. Quy Vo-Reinhard, the co-founder of HIT Foundation won the Distinguished Women title. Bitfury Group topped among fourteen blockchain companies considered. The votes were cast through the Polys, a blockchain-based application.

Blockchain Technology Market Platform News

Deloitte publishes a report on Blockchain

Deloitte exposed “New Tech on the Block” report. The fifty potential use cases of the technology have been studied and revealed blockchain would be a crucial asset.’ The report highlighted, “If blockchain provides more transparency across the supply chain, these benefits can also be passed onto the customers in the form of safer products and higher quality.”

Blockchain Technology Market News

Everus Aims to Become Pioneer of Blockchain Technology

Everus Technologies Sdn. Bhd. shared the vision of becoming the blockchain technology service solution. Everus recently has been recognized by the Central Bank of Malaysia (BNM) as reporting institution in compliance with Anti-Money Laundering and Counter Finance of Terrorism. Soon, Everus has revealed launching a crypto debit card for the Everus wallet holder.

National Southern joins BiTA

National Southern joins BiTA

The Norfolk Southern Corporation’s subsidiary, Norfolk Southern railway network has joined the Blockchain in Transport Alliance (BiTA). BiTA is the initiative that works towards the enhancement of supply chain networks with the integration of blockchain technology. The president of BiTA mentioned that association of companies favoring blockchain decides the future of freight movement.

Blockchain Technology Market News

ConsenSys to establish Innovation Studio in Dublin

ConsenSys, the blockchain entity, has disclosed its plan to establish the Dublin Innovation Studio. The developers would be able to build and deliver Ethereum-based blockchain platforms. The studio would be having a team of blockchain specialists. It is reported by the Fintech Times that ‘Dublin will be ConsenSys’s third hub in Europe and fourth in EMEA.’