China’s Internet Censorship Agency To Implement Regulation For Blockchain Firms Next Month

Blockchain, News, Regulation | January 11, 2019 By:

The Cyberspace Administration of China (CAC), the country’s Internet censorship agency, has introduced new regulations for domestic blockchain firms.

In an online post, the CAC said that the final draft of regulations for blockchain firms that are operating in the country was reviewed and approved by the Office of the State Council’s Department of Internet Information and will become law on February 15.

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Blockchain Trial For Settlement Of Tickets Completed By Airlines Reporting Corp.

Blockchain, News | January 10, 2019 By:

Airlines Reporting Corp. (ARC), in partnership with blockchain startup Blockskye, has successfully completed a joint blockchain proof of concept (PoC) for settlement of direct ticket sales.

ARC, which is owned by nine major airlines, provides ticket transaction settlement services between airlines and travel agencies (both traditional and online) and the travel management companies that sell their products in the United States.

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Blockchain Platform For Motor Insurance Authentication Launched By Hong Kong Federation Of Insurers

Blockchain, News | January 9, 2019 By:

The Hong Kong Federation of Insurers (HKFI), a financial industry self-regulator, has launched a blockchain-based motor insurance platform to ensure authenticity and counter fraud.

Called the “Motor Insurance DLT-based Authentication System” (MIDAS), the platform was first announced in April 2018 with the support of the Hong Kong SAR Government.

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