Dubbed Insurwave, the platform leverages blockchain and distributed ledger technologies, Microsoft Azure infrastructure, and ACORD data standards.
Luis María Linde, the governor of Spain’s central bank, has warned that cryptocurrency presents more risk than benefits.
In a speech at a meeting of leaders of the financial sector organized by Deloitte, Linde said that cryptocurrencies are spurious novelties that do not provide significant improvements and that should be tackled as soon as possible.
Union Bank of the Philippines has launched a blockchain initiative to help rural banks integrate with the country’s main financial network.
Called Project i2i, the initiative is utilizing Kaleido, a blockchain platform developed by ethereum startup ConsenSys, to enable the linkage of rural banks to Union Bank.
Financial services giant American Express (Amex) has integrated blockchain technology to its membership rewards program.
Amex is leveraging Hyperledger, an open source blockchain project under the Linux Foundation, to allow merchants to create tailored offers involving membership rewards points on their own platforms that can deepen engagement and reward customers.
The United Nations Office for Project Services (UNOPS) has signed a memorandum of understanding (MoU) with blockchain network IOTA to explore how IOTA’s technology can increase the efficiency of its operations.
The UNOPS helps the United Nations (UN) and its partners provide peace and security,
Taiwanese lawmakers have formed a new parliamentary group to drive the growth of blockchain technology and cryptocurrency in Taiwan.
The Taiwan Parliamentary Coalition for Blockchain (TPCB) aims to unite politicians from different parties to decide on a clear, “friendly,” and robust regulatory framework for the blockchain sector.
tZERO is a Securities and Exchange Commission (SEC) compliant alternative trading system (ATS). Rather than depending on broker dealers to buy and sell securities,
The Bank of China (BoC), one of the four largest state-owned commercial banks in the country, will be using blockchain technology to support its poverty alleviation efforts in Southwest China’s Tibet Autonomous Region.
The BoC said it will integrate blockchain technology to its cloud-based system,
Blockchain 3.0 platform Aeternity has launched an incubator program to support the global blockchain ecosystem.
Founded in 2016 by the so-called “Godfather of Ethereum,” Yanislav Malahov, Aeternity is a public, open-source, blockchain-based distributed computing and digital-asset platform that builds upon decentralized cryptographic P2P technology.
OwlTing USA, a Chicago-based subsidiary of Taiwan-based blcokchain firm OwlTing, has launched a blockchain platform that will enable businesses to manage end-to-end traceability more efficiently and effectively.
OwlTing USA, which was established in 2017 to bring ethereum-powered blockchain business solutions to the US market,