A cooperation agreement has been signed between Iota Foundation and incubator Nova to aid the blockchain start-ups in the industry for their development program. Iota Foundation has introduced the Iota crypto (MIOTA) with the aim in financing the blockchain start-ups to work on the Iota platform where the assistance will be provided within the Iota Cofoundary program.
The Guangdong Municipal Taxation Bureau located in South China will be implementing a blockchain-powered electronic invoice platform soon which enable the consumers to view their tax invoice. In the report mentioned, “Blockchain technology has established a highly mutual trust data sharing mechanism among tax authorities, invoice service providers, taxpayers and other parties.”
A functional application for the Austrian humanitarian organization, Wiener Hifswerk with the aim of enhancing the transparency donation system with blockchain technology called Token4Hope. The CEO of DECENT said, “The great thing is that the end users do not need to know anything about blockchain whatsoever, as it is running smoothly in the background to power the system.”
Two healthcare companies, Cigna and Sentara Healthcare have recently joined IBM’s blockchain ecosystem for the healthcare industry. The CIO of Signa, Mark Boxer commented, “By working together, and joining the network as a founding member, we have a significant opportunity to create new efficiencies that will lead to improved whole person health and wellness outcomes for our customers.”
Liberstad, a new city in Norway which also the first “free from government” city in the world have revealed their plan to launch its own native currency. The native currency will be called, City Coin and will make it a blockchain-based smart city and allows its user to pay for anything including groceries and lifestyle-related needs using the crypto.
The German government is consulting the companies and industry groups that could become stakeholders for the country’s blockchain development. An article posted by Reuters has reported that approximately 170 startups in Berlin have involved with the blockchain or distributed ledger technology (DLT) and startups in the country’s blockchain industry.
A press release made by an Israeli blockchain start-up, Beam Development Limited have revealed that they have received some investment fund from a Japanese employment information services company, Recruit Co., Ltd. In their official Twitter account of Beam, “This helps Beam fulfil its mission in Japan when it comes to deploying a compliant, scalable, and confidential cryptocurrency.”
A Chinese blockchain platform, NEO have shared their recent plan to set-up an office in Seattle, United States. The founder of NEO, Erik Zhang then explained the reason behind his decision to set-up an office in the location, “Seattle has huge developer resources and a strong atmosphere of innovation, and NEO has always placed great importance in technology development.”
Internet company and operator based in South Korea, Kakao have revealed that they have been investing more than $57 million for the blockchain, artificial intelligence and other technologies. Kakao has received the profit only $3.8 million, however, despite the loss the vice-president of the corporation Bae Jae-Hyun will continue their investment for DLT and other technologies.
A partnership has been made between Hyundai Commercial with IBM to establish a blockchain-powered financial system. The partnership made have shared that a new supply chain financing ecosystem will be developed for Hyundai Commercial by IBM by using Hyperledger Fabric blockchain technology by IBM to replace the existing manual processing of financing ecosystem in the company.