Marco Polo Blockchain Network Welcomes Japan’s SMBC Bank For Trade Finance

Marco Polo Blockchain Network Welcomes Japan’s SMBC Bank For Trade Finance

Blockchain services are being adopted by many companies nowadays, even in financial institutions and banks. The immutable ledger’s appeal helps to keep all transactions organized in a trustless way, which clearly appeals to the Sumitomo Mitsui Bank Corporation (SMBC). The Japanese bank has chosen to improve trade finance with the use of R3’s Marco Polo blockchain network, according to reports from CoinDesk Japan. SMBC is presently the third-largest bank in Japan, based on assets.

As SMBC joins the network, they have the company of BNP Paribas and ING, among others. Last much, the product managed to complete the first trade finance operations, which included German Firms and Commerzbank. The vice chairman of SMBC, Yasuyuki Kawasaki, commented that trade finance “is very complicated,” often including paper-based transactions.

Kawasaki commented that this “time-consuming process” has continued for a century, which is part of what led SMBC to the blockchain network. The lack of complications will streamline the former paper-based process. Hopefully, through this new project, new services will be available “later this year.”

Daniel Cotti, who acts as the managing director of the Centre of Excellence for Banking and Trade for Marco Polo, pointed out that this network has both the “resources and technology” to change up trade finance for the banking industry. Cotti believes that the implementation of this network with the banks will help to improve the transparency and reduce risks.

Along with the announcement from this major Japanese bank, China’s central bank announced a partnership involving one of their subsidiaries with trade finance. In France, lender Societe Generale has decided to issue bonds that are worth 100 million euros with the use of the Ethereum blockchain.

Trade finance stands to greatly benefit from the use of blockchain technology. Blockchain platform We.Trade, which focuses on trade finance, only just went live in July last year. Hopefully, through more implementation like these cases, blockchain’s reach can continue to expand.


Nike Moves Towards Blockchain Technology Following Samsung, Telegram and Facebook

Blockchain is expanding all over the world and companies are starting to embrace this technology. Nike, one of the most popular footwear manufacturers around the world, seems to be ready to enter the crypto market with a new patent with the phrase.

Nike Could Enter The Blockchain Market

According to an application filed by Nike with the United States Patent and Trademark Office (USPTO), the intention is to register a patent with the phrase “Cryptokicks.” The application explains that they want to extend beyond making simply collectible crypto clothes, but they want to offer online marketplace services for buyers and sellers of digital currencies.

Nike explains that they want to provide specific information about a “crypto-collectible customization.” Nonetheless, there is no further information about crypto products such as clothes or footwear that would be related to the crypto space.

Nike mentions that they want to provide a new website that features a technology to allow users to mine, earn and also purchase blockchain-based tokens and other digital assets.

The filing explains that they will be providing different services for users:

“Provision of online blogs in the field of crypto-collectibles; entertainment services, namely, providing online computer games… curated scavenger hunts, obstacle courses or treasure hunts, entertainment services, namely, providing interactive online mobile gaming applications; providing information on-line relating to crypto-collectible customization for hobby or entertainment purposes.”

There may be some collectors of shoes that would be interested in using a token to purchase a rare pair of shoes. Thus, the community could become very excited about the project that Nike is currently thinking about.

There are many other companies such as Samsung, Facebook or Telegram that are also working with blockchain technology and want to release different blockchain solutions to the market.

Samsung, for example, is apparently working on its own blockchain network and it could release a digital currency to implement on Samsung Pay. Moreover, Telegram has been working on the Telegram Open Network (TON) and its digital asset that would be used on its platform. Finally, Facebook has been hiring blockchain experts that could be developing a digital currency to use on WhatsApp.


Expert Echos Exciting Outlook: Bitcoin Could Be Worth $350,000 BTC/USD If It Displaces Gold

Bitcoin (BTC) has been expanding around the world as a digital currency that can be used for payments or to store value. The cryptocurrency has also experienced different periods of price increases and bear markets. However, enthusiasts are always wondering how far Bitcoin could grow in the future.

Could Bitcoin Reach $350k?

According to the crypto expert and investor on Twitter HodlWhale, if Bitcoin absorbs gold’s value in the market the digital currency would reach a price of $350,000. There are some experts that believe that Bitcoin could eventually replace gold in the market as a store of value. Nonetheless, taking gold’s dominance in the market is not something easy to do.

At the moment, gold has a market capitalization of $7.83 trillion, while Bitcoin has just around $90 billion. If Bitcoindisplaces gold as a store of value, the digital currency could increase its price and reach $450,000 according to the research group Crypto Voices.


WisePass Adds Dash Payment Options To Provide its Customers With Enhanced Choices

WisePass is a lifestyle sampling services which allow the users to play a monthly fee to receive sampling allotments on different venues which are part of the WisePass network. In lieu of increasing demands and changing payment trends, WisePass has decided to add DASH as a payment option for its various sampling services.

The WisePass services are currently available at over 300 venues in four metropolitan cities which includes Bangkok, Hanoi, Ho Chi Minh, and Manila in Thailand, Vietnam, and the Philippines. The company has already done 2,000 transactions for its services in December 2018, however, they aim to take the numbers up to 20,000 transactions by December 2019.

The addition of Dash payment has been done keeping the goal in mind. The firm believes Dash suits perfectly for their services as it is faster and have a much smaller denomination that makes it one of the better form of payments.

Lam Tran, CEO, and co-founder of WisePass seemed quite delighted over the new development and said,

“Providing some real use case to the blockchain ecosystem is a mission that WisePass has taken seriously. We have decided to position ourselves as a digital bridge between the crypto economy and the real economy. By doing so we enable crypto holders to spend their tokens as fast and simple as any other form of payment.”

How Can Users Avail the WisePass Services

WisePass services come with a $35 USD one-time Pass which allows the users a set of different services including lunch or dinner, a drink at Starbucks, a movie ticket, a haircut, a bottle of wine or spirits, a night in a villa, a session in some fitness club, a chiropractor session and soon many more.

The one-time pass can be scanned at the merchant’s register, wherever the user wishes to redeem their credits. The one-time pass comes cheaper than the regular subscription fee. The one-time pass also has certain restrictions and limitation on its use to avoid exploitation.

The restrictions are applicable to the number of vendor visits allowed or having set limitations of choices but the overall intention is to drive consumers to various partner merchants and try different products.

The increase in the number of merchants online as well as offline accepting or availing crypto payment options. The main reason is that these cryptocurrencies are way faster in executing transactions, plus it is more beneficial for both the consumers and the merchants as it cut down various unnecessary fees associated with traditional digital payment portals. The change might look out of sync at first, but looking at the growing demand of cryptocurrencies, digital tokens as a mode of payment is becoming more common by the day.

DASH payment is working wonders for the WisePass, as the company can transfer the cost savings from using Dash towards various discounts and incentive programmes for the consumers. Although the consumers cannot directly use DASH payments at any merchant of WisePass and as of now it can only be used to make One-time passes. However, the company is hoping that the use of DASH in its system would compel its merchants to follow on the suite.

Dash is Growing in Popularity by the Day

There has been a significant rise in popularity and acceptance of cryptocurrencies around the globe, however, still, there are plenty who are skeptical about the future of cryptocurrencies. Many believe that non of the token developers are doing anything about the communication part where they tell the world why using digital asset far more easier and superior than the traditional fiats.

Dash has taken up that initiative by funding multiple projects through its DAO Treasury that can demonstrate to individuals how Dash offers them added value through faster, cheaper, and more secure transactions without having to abide by state-created inflation nor censorship.

DASH is making great strides towards mass adoption through various initiatives as well as funded projects. Recently, we also discovered that there has been a great initiative going on in parts of Africa to help people get out of their financial distress with the help of DASH. The leaders of the movement claimed that they chose DASH over Bitcoin because it’s easier to use and have a smaller denomination and has better transaction speeds.


John McAfee Supports Bitcoiin2G (B2G), the Digital Asset Backed by Steven Seagal

John McAfee seems to be supporting the controversial Bitcoiin2G (B2G) which was already supported by Steven Seagal. The B2G digital currency conducted a pyramid scheme that pushed the State of New Jersey to ban the promotion of this digital asset.

McAfee And Steven Seagal Promote B2G

The digital currency B2G started to be supported only by two or three different exchanges, even when the digital asset harmed individuals using these platforms. Currently, there are 10 different trading pairs of B2G, but none of them has a meaningful trading volume.

In a recent Tweet, Mr. McAfee, that is known for promoting different virtual currencies and Initial Coin Offerings (ICOs) said that B2G grew 30% in the last 30 days and that it is time to hop onboard.

B2G is a digital currency that depends on Dragon Mining, a company that is located in China and that promotes the “world’s most efficient miner.” Although the company has been selling mining hardware, there is no real hash rate behind B2G.

According to a recent report released by P.H. Madore, B2G was virtually unheard until Seagal promoted. In the last hours, B2Ghas seen a volume increase that could come from whales or larger investors. This is something that could clearly harm users that want to genuinely purchase this digital asset.

There are miners from other networks such as Ethereum Classic (ETC) that could easily control the market and the total hash rate of B2G.

This is not the first time that Mr. McAfee promotes digital assets. In the past, he promoted Sky but he ended his partnership with the coin and project since he did not agree on some topics with the project leader behind this virtual currency.


Russia to Develop a “Sovereign” Internet Space By Detaching Runet From Rest Of The Web

Amidst the talks of threats of a boycott of the Internet on Russia, Russia has plans to circumvent this problem. They have passed a bill that guarantees

On April 16, the State Duma adopted the law on ensuring the stable operation of the Russian Internet segment (Runet) in case the country is disconnected from the global Internet infrastructure in its third reading.

The bill was devised and presented by Chairman of the Federation Council Committee on Constitutional Legislation and State Building Andrey Klishas, his First Deputy Lyudmila Bokova and MP Andrei Lugovoy.

The new legislation envisions a full range of proposals to secure the operation of the Russian internet and to counter cyber-threats. They include the creation of a national DNS systemthat stores all domain names and corresponding IP addresses and would provide cryptographic data protection.

It even restricts the transfer of data shared between Russian internet users to servers outside of the country.

Introduced by a group of lawmakers in December 2018, the bill was intended as a response to the “aggressive” US National Cyber Strategy, which accuses Russia, along with China, Iran, and North Korea, of using cyber tools to “weaken” its economy and democracy. It also threatens dire consequences for anyone conducting cyber activity against the US.

“The [stable Runet] law is completely modern and reasonable. Many countries have already taken similar measures to protect national domains. Russia is perfectly in line here with the information security trends. The law focuses on stable Runet because it creates a duplicate backup infrastructure needed for the Internet to operate. The Russian encryption will be used parallel to the already functioning systems and in case any of foreign certificates turns off, the Russian analog will continue operating,” Petrov said.

Crypto industry in Russia will take a major hit as well. Artem Kozlyuk, one of the leading voices against this regulation says:

“Currently, cryptocurrencies in our country are in the gray zone and crypto portals are often being prosecuted. But we have cases when our lawyers successfully challenged their illegal blocking. Of course, in such conditions, it’s difficult to provide these services and Russian developers have been looking towards other markets, where there are fewer risks of this kind and authorities demonstrate a more positive interest in this space.”


CryptoLaboratory Reports Wall Street Journal’s Use of Incomplete Data in Estimating ICO Values

On Thursday, April 18, 2019, news outlet, Ethereum World News covered the news involving the Wall Street Journal’s(WSJ) undervaluation of Initial Coin Offerings’ (ICO) investment. The findings were first exposed by crypto and ICO markets analyzer, CryptoLaboratory, whom has since argued that the WSJ underestimated the overall ICO market by 2.5 times.

As per the claims made, the WSJ failed to include complete data in their ICO market computations. Said error led them to spread the news that the ICO market for the first quarter of 2019 was $118 million, when in fact it was roughly $302 million.

On Monday, April 1, 2019, CryptoLaboratory assessed the ICO market’s trends between the fourth quarter of 2018 and the first quarter of 2019. This piece of information was what led many to uncover the truth about WSJ’s errors.

While CryptoLaboratory was successful in showing that roughly 5.64 times less money was coming into the ICO market, if we were to go by the WSJ’s numbers, it could have potentially resulted in investors questioning the overall market.

Speaking on the matters is the CEO of CryptoLaboratory, Dmitry Bogdanchikov, who does not seem to blame the WSJ, given the fact that news surrounding cryptocurrencies have increased since its growth.

At least this event led to food for thought, as many can now reassess the resources that are used for “reliable” information.

Here’s what Bogdanchikov had to say,

“There are many resources in the Internet […] They are mostly created by enthusiasts, who usually do not have enough time or opportunities to gather complete information.”

He also added that this results in becoming “a victim of misinformation,” which was the case for WSJ.

CryptoLaboratory’s Reliability

CryptoLaboratory goes a long way to ensure that their statistics are as accurate as possible. Some of the products that are being offered include ICO Analytics, Cryptocurrency Analytics, ICO directory, Cryptocurrency Reference Book, Cryptoworld News Rating and Cryptoworld News Digest.

For the most part, the team at CryptoLaboratory invests a lot of time looking into the following factors:

  • Project-to start and end date
  • Team description, and financial and resources indicators
  • Assesses 23 different indicators
  • News outlet rating, i.e. on a daily and monthly basis

Ethereum World News also noted that CryptoLaboratoryconsiders 52 parameters when assessing an ICO, and besides the aforementioned list, they also do so by using the “weight average rating”, which takes the sum across the ratings of 14 leading agencies.

To learn more about CryptoLaboratory, check out:


Rumor Mill: Facebook to End Messenger P2P Payments; Will Blockchain Based FBCoin Replace It?

Massive social media channel Facebook announced they would stop allowing P2P payments via messenger in the UK and France come June. They are effectively closing the payment gateway in response to the creation of a new Facebook Coin cryptocurrency.

Users who’ve used the payment system in the past received a personal message in messenger app with information on the stop. Official date of the close is on June 15th, 2019, at which time only current transactions will be allowed to operate for completion.

Only payments will cease, donations and contributions will still be allowed through messenger.

Anyone living in the United States can still use Facebook’s payment system to send and receive money.

Facebook had originally planned on releasing the system to the rest of the world, but because of a lack of efficiency and funding they’ve decided to close the doors on all payment operations outside of the US.

The close of Facebook’s payments could have something to do with the new Stablecoin they are soon launching. Facebook Coin is backed by the US dollar and will be released as soon as FB raises the investment funds of one billion dollars. There also said to be another coin Facebook is building that will target the Indian market.

Other platforms likely to use the token are the photo sharing system Instagram and WhatsApp, an encrypted worldwide messaging application. FB has also picked up Chainspace, a blockchain oriented company needed to initiate the creation of the Facebook Stablecoin.


Blockchain Life Asia: Cryptocurrency Conference April 23-24 in Singapore

What Is Blockchain Life Asia?

Organized by Listing.Help, Jets Capital Investment Fund, and IcoTop, the third International Blockchain Life Forum is an important blockchain event that seeks to positively influence the international crypto market, the global digital economy, and the worldwide blockchain development. The two-day forum will take place on 23rd – 24th April 2019 in Marina Bay, Singapore.

The forum will bring together over 5000 attendees from over 70 countries around the world including industry leaders, investors, blockchain startups, cryptocurrencytraders, miners, mining companies, developers, and cryptocurrency enthusiasts. The attendees will be provided with a platform where they can discuss the latest trends in the market and the various ways to generate money from the cryptocurrency market.

Blockchain Life Asia Speakers

Blockchain Life Forum 2019 will host more than 80 top speakers from the industry including:

  • Roger Ver, CEO
  • Sergei Khitrov, Founder of Listing.Help and Jets Capital
  • Xinxi Wang, Litecoin Foundation Director
  • Tim Draper, Founder of Draper Associates and DFJ
  • Elias Tan, NEO Singapore Leader
  • William Tan, Singapore Nem leader
  • Carylyne Chan Global Head of Marketing at CoinMarketCap

The speakers will have presentations and discussion panels where they will cover crypto trading, blockchain implementation in businesses, Secrets of successful ICOs, STOs, and IEOs in 2019, best cryptocurrency exchanges, and how investors can choose startups to invest in.

On the second day of the forum, there will be startup pitch where startups can present their projects to private investors and funds in the industry at the forum’s main stage. To present a project on the Startup pitch, startups have to submit an online application on the Blockchain Life Forum 2019 website.

There will also be a Blockchain Life Awards 2019, which is an independent award for the Blockchain, cryptocurrency, and ICO industry. Once companies have been nominated for the award the winners of the awards are decided based on open voting on the award website.

There are three ticket categories that interested individuals can purchase from the forum’s website in order to have access to the forum. The tickets are standard, business, and VIP.

Who Should Attend Blockchain Life Asia?

Crypto Enthusiasts

Crypto enthusiasts will have the opportunity to interact with the famous members from the international crypto community and share ideas, corporate or form business relationships. They will also have the chance to learn about blockchain trends and the new opportunities.


By attending this forum, investors will know of current blockchain projects in the industry and those that have the potential to generate profitable returns for the investors.


Entrepreneurs and business owners will learn how they can integrate blockchain technology within their business systems to generate more revenue, or how they can earn more income by investing in cryptocurrencies and blockchain technology.


The forum will train startups on all the stages involved in a startup right from its creation to the promotion stage and management of the token value after the ICO is complete. The forum will also feature a Startup Pitch where startups can present their projects to potential investors.


Blockchain Life Forum will bring together some of the large mining companies who will provide professional guidance to miners on how they can benefit from mining. The exhibition will feature some of the most advanced technologies miners can use for mining.


Chinese Government Looks to Ban All Bitcoin Mining Activities From Within Its Borders

According to an all-new report released by Reuters, the Chinese state planner has just released a draft of all the industrial activities it is looking to slowly weed out from within its economic framework. In this regard, it should be pointed out that the ‘bitcoin mining industry’ figures quite prominently on this list — thereby showcasing the government’s clear bias against this otherwise burgeoning sector.

More On The Matter

As per a circular issued by the Chinese National Development and Reform Commission (NDRC) on Monday, the government body has made it clear that it is currently seeking public opinion on a “revised list of industries” that the masses would like to either see proposer, restricted or eliminated altogether.

In the latest iteration of the aforementioned draft, the cryptocurrency mining industry, as well as some other crypto related activities, stand out quite blatantly. On the matter, the NDRC also stated that the mining industry was being added to the draft due to its unsafe and non-environmental friendly nature.

Not only that, a spokesperson for the agency also added that a host of Chinese mining operators did not adhere to relevant laws and regulations associated with this domain.

Lastly, we need to point out that neither a stipulated date nor a POA (plan of action) as to how the above-mentioned activities will be carried out has been provided to the public — despite the government wanting to phase out the industry immediately. As things stand, the general public has up until the 7th of May to comment on the draft and recommend changes if they wish to do so.

Other Key Specifics to Bear in Mind

  • According to a government-owned media publication called the ‘Securities Times’, the draft very clearly highlights China’s stance as well its industrial policy towards the digital asset sector.
  • As many of our readers may be well aware of, China has been closely scrutinizing its alt-coin industry since the start of 2017. First, the government started by banning all ICOs taking place within its borders. Following this, they then proceeded to pass legislation that banned all local cryptocurrency trading exchanges w.e.f.

Final Take

Over the course of the past couple of years, the Chinese government has been trying to limit the clout of its mining industry by forcing many operators to move their businesses abroad.

Last but not least, one also has to remember that many Chinese mining firms are amongst the largest in the world and just last year, three of the nation’s largest operators launched IPOs in Hong Kong to raise billions of dollars.


Indian Giant Tech Mahindra to Cooperate With Samsung SDS to Enter the Blockchain Market

According to a recent report released by The Korea Times, the Indian giant Tech Mahindra will be working with Samsung to enter the blockchain market. In order to do so, Samsung SDS will cooperate with the Indian tech firm.

Tech Mahindra Works With Blockchain Technology

The systems integration arm of SamsungSDS, will be expanding using the Nexledger blockchain platform in different countries, including India, the United States and also some nations in Europe.

These two companies will be working in order to find more business opportunities in the region. Additionally, Samsung SDS will also be working on future Nexledger updates by cooperating with Tech Mahindra. Nexledger was launched back in 2017 and it has been used int he financial, manufacturing and logistics sectors. This allows firms to improve their services and products by making them more efficient.

In addition to it, according to Cointelegraph, Samsung SDS will be launching its own blockchain accelerator technology that is called Nexledger Accelerator and that would have a positive effect in transaction processing speeds.

Meanwhile, Mahindra has been training most of its employees in order for them to be able to deal with new technologies such as artificial intelligence (AI), the blockchain, Internet of Things (IoT) and many others.

Indian banks are also considering blockchain technology to improve payments in the country. The technology will allow payments to be processed in a secure and efficient way compared to traditional systems.

India has been reluctant to accept the expansion of virtual currencies in the market. In general, the government and local regulatory agencies have taken different measures to avoid digital assets to land in the nation.


Trump’s Economic Advisers Say No Interest Rate Spikes Anytime Soon as Bitcoin Shines in the Shadows

A strong pro BTC debate which was once restricted to developing countries has hit home as the Trump administration transfers a huge accumulation of debt onto Gen Z with monetary policies that are self serving.

On Thursday 11th of April 2019, Trumps economic adviser, Larry Kudlow, made a bold statement that we “wouldn’t see another rate hike in his lifetime” which solidified the relevance of crypto as a means of achieving financial independence.

Larry, who is an economist and over 70 years old, has perfect Federal Healthcare benefits, so he either is confident that the president will control the Federal reservein his next tenure by proxy, or he is not just optimistic about his future. His claims are odd either way.

The real reason for his claims are quite obvious, he is trying to keep the stock market as pumped up as possible, so as to keep his job by achieving ‘Trump 2020’.

Larry Kudlow’s economic plan needs a very weak dollar, in order to keep foreign investors financing the huge debt this administration made by the tax reform.

Global Bitcoin Growth

The corruption and mismanagement which festers in a lot of governments and Central banks, has been a strong proof for the support of Bitcoin. This has been more pronounced in nations like Venezuela and Zimbabwe where abuse of power is very common. The first world is not exempt, as terrible monetary policies are also in place.

Bitcoin which is deflationary digital asset, tends to be a natural life saver for people who have experienced hyperinflation, but in developed nations, where there are strong means of digital exchange, it is still an idea that is debated.

The fact that damage may not always be seen immediately is ignored during such debates.

Effects of Limited Term Governance

One of the problems of limited term governance is that the elected officials don’t look at the long term. If you are born in Gen Z, and resident in the United States, your tax burdens increase every month as you watch helplessly.

This is the only means by which years of carelessness can be undone, the recent tax cuts by the Trump administration added the finishing touch.

Need for Financial Independence

Now that Trump’s Yes men are all in the white house, the only way to secure the financial future seems to be Bitcoin.

There has always been a need for financial independence, but it has become a necessity.

The debt incurred by two recessions has been pushed forward, but one definitely has to pay for it.

The World’s Trust in Bitcoin

USD still remains the world’s reserve currency, because of its liquidity, and of course it’s stability. On the other hand, crypto is not liquid, so for now the public has little trust in it, But this trust increases with every attack on Federal Reserve by the White House, or any addition to the unpaid debt already incurred.

This shows that Bitcoin is definitely bullish.


Romaine Lettuce Is Being Blockchain Technology, Thanks To The IBM Food Trust Network

Blockchain technology has come a long way in the last ten years. Though it originates in the cryptocurrency industry, many people have recognized the benefits that come from having an honest and transparent distributed ledger, especially when it comes to supply change management. IBM has already created the Food Trust network as a way to track data for various stores. In an announcement today in Forbes, Albertsons Companies stated that they will be joining the group.

Albertsons has 2,300 locations in the United States alone and will start piloting the blockchain-based network to better examine the way that food goes from the farm to the grocery store. Anuj Dhanda, the Chief Information Officer with Albertsons, expressed support for blockchain technology, saying that it “has the power to be transformational” for Albertsons, as they focus on freshness. Food safety is a necessity for the grocery store chain and having the power to track the moves of their product and other products is invaluable.

The primary use of IBM Food Trust during the Albertsons pilot is to handle the troubles that they have had before with high-risk food products, like romaine lettuce. Bulk romaine lettuce will be the first of the produce that Albertsons aims to track, starting with the distribution centers. However, the company will eventually add this option to other products as well, especially if the pilot goes well.

The VP of Food Safety and Quality Assurance with Albertsons, Jerry Noland, commented that there are multiple entities that have voiced the need for tracing products to make it easier to find the source of contamination. With new reports, each month of food being contaminated in the United States, finding the source would help to stop these diseases from spreading. Multiple consumer advisories have expressed this sentiment through the years, including the Centers for Disease Control and Prevention and the Food and Drug Administration. The new technology’s implementation to this effect could easily improve the whole infrastructure that holds the global food supply chain together.

The IBM Food Trust network’s testing begun with Walmart in China three years ago. Soon after, other major brands signed on as well, like Nestle. In 2018, when the E-coli contamination for romaine lettuce was publicized, the vice president of food safety with Walmart said that the implementation of blockchain will reduce the severity and the length of these outbreaks. However, the widespread use of blockchain for these needs could easily be years away.


IBM Blockchain Collaboration Brings Forth New Platform for Industrial 3D Printing

The additive manufacturing industry has experienced significant growth in recent years and is continuing to grow rapidly. This includes automotive, aerospace, and medical technology industry sectors, to name a few.

The market is growing due to 3 major factors. Additive manufacturing allows for more efficiency, flexibility, and monetary savings. If a new part can be created to meet a new requirement or if a spare part can be created rather than finding and waiting for one to arrive, it saves everyone time, energy, and money.

It also allows for the creation of unique parts or smaller quantities which has been a difficult feat for manufacturing in the past. However, for 3D printing to go mainstream, it requires the creation of a platform and so, thyssenkrupp and IBM are doing just that.

Essentially, customers will send their plans and designs in the form of CAD files. Because this information is so valuable to these companies, it is important that their intellectual property is properly secured. The need for decentralization is important so that not only the data is protected, but the usage of this data is monitored. thyssenkrupp propelled the idea and IBM complimented this innovation with its Blockchain technology.

The new platform will allow for smaller companies to access additive technology without all of the difficulty and expense. It will also streamline planning and ensure greater quality control in manufacturing.

Combined, the Blockchain technology of The Linux Foundation’s Hyperledger Fabric provides traceability and consistency and the Industrial Data Space (IDS) provides for secure data transfer. What is crucial is that companies maintain control of their data and can enforce whatever privacy measures they see fit. Data can therefore only be accessed by approved partners upon request.

On the other hand, the Blockchain technology allows for transparency in individual exchanges between network partners.

In terms of the additive manufacturing industry, the consulting and design provider chooses a 3D printer after a bid, a “smart contract” is then created and the data is securely transferred through IDS. All information is stored in the Blockchain in case it is required in the future. Everything is traceable which is what manufacturing companies were looking for.

The benefits of such a network are endless, but a Blockchain solution must be proven valuable to all partners. The partnership of thyssenkrupp and IBM demonstrates that individual members do benefit in an additive manufacturing situation.

This led to identifying the first potential participants and their partners as well as other potential uses of the technology. What is so significant is that the design of the project keeps the user in mind from start to finish.

This ensures that the creators focus only on what is necessary and what adds value. The successful collaboration between thyssenkrupp and IBM and the integration of Blockchain technology and Industrial Data Space (IDS) proves to be the future of a digital platform for a more secure and faster way of sharing intellectual property.


Dubai Endorses Blockchain Platform From Major Local Telecoms Operator

The blockchain platform built by one of the United Arab Emirates’ (UAE) two telecoms operators has received an official endorsement from the government as part of the country’s blockchain integration, executives confirmed in a press release on April 3.

Du, formerly known officially as Emirates Integrated Telecommunications Company, created its Blockchain-Platform-as-a-Service (BPaas) to offer cloud-based private blockchain hosting compatible with both Ethereum (ETH) and the Hyperledger Fabric.

Now, the platform has received the seal of approval from Smart Dubai, the government organization in charge of transforming state-level services with the leveraging of disruptive technologies by 2021.

“The Dubai blockchain agenda is an integral strategy for the city’s future and we are proud to be a key enabler for the digitisation of the government,” Farid Faraidooni, du’s deputy CEO of enterprise solutions, commented in the press release. He added:

“By building on top of our BPaaS to support the country’s digital transformation, our blockchain endorsement by the Smart Dubai Office is an important step towards providing smart solutions that create efficiencies for government transactions leading up to 2021.”

The announcement comes the same week as the UAE hosts a dedicated conference on blockchain’s role in the aviation industry. Last month, a similar conference addressed cryptocurrency more directly, with authorities hinting at the need for supportive regulation of the phenomenon.

Smart Dubai, meanwhile, also aims to implement advances such as Internet of Things (IoT) and artificial intelligence (AI) as part of its roadmap.

“The city of Dubai has pioneered blockchain from the onset and continues to be a global leader in providing new and improved ways to implement and set the future roadmap for the evolution of this ground-breaking technology,” Smart Dubai CEO Wesam Lootah added.

Cointelegraph has previously provided a comprehensive summary of Dubai’s blockchain plans.


Crypto Trading Platform Liquid Hits Unicorn Status With Over $1 Billion Valuation

Japanese crypto trading platform Liquid has hit unicorn status with the first close of an ongoing Series C funding that puts the company valuation at over $1 billion. The news was reported by Cointelegraph Japan on April 3.

Liquid’s parent company is Quoine, a global fintech company licensed by Japan’s Financial Services Agency.

As Cointelegraph Japan reports, the fresh funding and new valuation makes Liquid the country’s second unicorn in the tech startup space — the other being artificial intelligence firm Preferred Networks, which is backed by Toyota, Fanuc, Hitachi and others.

The first close of Liquid’s Series C has reportedly been led by American investment firm IDG Capital, with participation from major Chinese crypto mining manufacturer Bitmain Technologies.

IDG has previously invested in other major crypto industry players such as CoinbaseRipple, Kakao’s crypto unit and Bitmain itself. Bitmain’s participation reportedly marks its second backing of a regulated digital assets trading platform — following its contribution to a Series B round for crypto and derivatives exchange ErisX in December 2018.

Katsuya Konno — representative director & head of Quoine’s CEO office — told Cointelegraph that the new funding will be used to fuel global expansion, product development of the core trading exchange business and entrance into the security token market.

Cointelegraph Japan notes that notwithstanding Liquid’s unicorn valuation, the funding sealed in the Series C thus far is relatively small, amounting to $1 billion yen (~$9 million).

Liquid had previously raised over $20 million from venture funding, which included major Japanese investment firms JAFCO, SBI, B Dash Ventures, Mistletoe and ULS Group.

In 2017, Liquid had raised over $100 million in an FSA-regulated, pre-discounted initial coin offering (ICO) raise.

As previously reported, major American crypto exchange Coinbase became the industry’s first unicorn after it raised $100 million in August 2017, implying an enterprise valuation of $1.6 billion. More recent reports have suggested the platform could have surged to a valuation of as high as $8 billion in its fall 2018 funding negotiations with Tiger Global and others.


Tron Supports Gambling DApps Restrictions in Japanese Market

Blockchain-based decentralized application (DApp) platform Tron pushed to remove gambling DApps in the Japanese market to comply with local regulations, according to a press release published on March 31.

Per the statement, the company intends to adhere to local laws and regulations in the countries it works in. Therefore, the firm has decided to support gambling restrictions for Japan-based users through a series of recommendations for developers, as gambling is generally prohibited by the Japanese criminal code.

In order to remove gamblings DApps from the Japanese market, Tron suggests that Japanese DApp developers not launch any such apps on the company’s platform.

Moreover, developers working with gambling apps as a whole are recommended to block users with Japanese IP addresses. Tron also asks them not to facilitate the use of apps for local gamblers.

According to the release, Tron will further collaborate with the Japanese government and provide them with all necessary data in case of violations.

Tron, the firm behind TRX, the 11th top crypto by market cap, has recently acquired blockchain app store CoinPlay. The company wants to aggregate a wide range of blockchain apps and DApps on one platform, eliminating the need to search for them separately at conventional app stores. Last month, HTC’s blockchain-centric smartphone Exodus announced a partnership with web browser Opera and support for multiple DApps on the phone.

At the end of March, Bloomberg analysts wrote that the Ethereum (ETH) network, built for the development of DApps among other things, is losing ground to platform like EOS and Stellar, with Tron also showing a similar percentage of DApp users to ETH.

Last year, Tron revealed its plans to launch a blockchain gaming fund dubbed TRON Arcade, which is reportedly set to see investment totalling $100 million over the next three years.


AltDex Launches Blockchain Gaming Index

AltDex announced on Twitter the launch of its new AltDex Blockchain Gaming Index. The video gaming industry is developing and it is starting to include tokenized in-game assets. A few of the coins on the AltDex Gaming Index are:

  • Theta Token (THETA)
  • Enjin Coin (ENJ)
  • WAX
  • Decentraland (MANA)
  • Kin (KIN)
  • Loom Network (LOOM)
  • MobileGo (MGO)
  • DMarket (DMT)
  • Reereum (RFR)
  • GameCredits (GAME)
  • Unikoin Gold (UKG)
  • Plair (PLA)
  • BitGuild (PLAT)

Tom Stanewicz, AltDex’s co-founder and SlugerFeed Editor stated,



Gaming Startup Announces Global Licensing Agreement With Formula One

Blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the world-renowned racing series. The news was revealed in a press release from Animoca published on March 26.

Formula 1® — which reportedly draws ~1.6 billion television viewers across over 180 territories and engages 506 million fans worldwide — has reportedly signed a licensing agreement that will allow Animoca to publish a blockchain game “F1® Delta Time,” based on non-fungible tokens(NFTs).

The forthcoming blockchain game F1® Delta Time — the first phase of launch being set for May 10 — will reportedly have a collectible component based on NFTs, as well as a racing component that utilizes those NFTs.

The press release highlights the significant brand power of Formula 1® and the new licensing agreement’s potential to broaden consumer exposure to blockchain.

Since launching its inaugural FIA Formula One World Championship in the 1950s, Formula 1® now reportedly runs 21 races in 21 countries across five continents each season, with a reported 4.1 million annual race attendees.

Animoca claims the blockchain game will deepen fan engagement, and that the partnership aligns with Formula One owner Liberty Media’s aim to improve fan experience via significant investments in new technology.

To press time, Formula One has not responded to Cointelegraph’s request for comment on the development.

As previously reported, in December 2018, Animoca Brands entered into a licensing agreement with Atari — famous for being the developer of iconic video games such as Tetris and Pac Man. The rights agreement will allow Animoca to produce and publish blockchain versions of Atari mobile games “RollerCoaster Tycoon Touch” and “Goon Squad” in most jurisdictions worldwide.

In February 2018, Atari saw its share price skyrocket by over 60 percent after announcing that it would be investing in cryptocurrency.

During a recent appearance at crypto event Token 2049 in Hong Kong, Ethereum (ETH) co-founder Vitalik Buterin argued that blockchain applications outside of finance still face more difficulty gaining traction and acknowledged that developments such as NFTs and gaming can help broaden the technology’s outreach.


BitTorrent to Release P2P Social Media App BitTorrent Live

Tron (TRX)-owned peer-to-peer (p2p) software company BitTorrent announced that it will release the public beta version of its decentralized social media app BitTorrent Live in Q2 2019 in a press release on March 27.

Per the release, the company started offering early access to the BitTorrent Live streaming service today. The app, a video-based social media platform seemingly similar to Snapchat and TikTok, allows its users to create live content and connect with other people through mobile devices.

The service will also reportedly let its users livestream from anywhere they have access to the internet while viewers will be able to instantaneously give feedback and likes. The app’s users can also search for subjects in which they are interested.

BitTorrent Live is not actually new, in 2012 Bram Cohen — the author of BitTorrent — said that his goal with the platform was “to kill off television.” While the software is not new, its character has changed much over time.

The first version of BitTorrent Live was mostly just a new content delivery protocol, not a social media app. The initial version of the application was shut down after the company unsuccessfully attempted to raise funds to spin it off as an independent business in April 2017.

In January, former chief strategy officer at BitTorrent Simon Morris said that Tron will not be able to manage the transaction volume needed to ct. Morris stated that there is “no way” the Tron blockchain could handle the transaction volume that the system would require.