China launches the National Blockchain Technology Innovation Center
The Paypers
MAY 12, 2023
The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.
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The Paypers
MAY 12, 2023
The government of China has launched the National Blockchain Technology Innovation Center in Beijing to support blockchain technology research.
Bank Innovation
APRIL 20, 2018
and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. JPMorgan Chase & Co.
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Bank Innovation
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EXCLUSIVE — Spanish banks, along with certain Spanish telecommunication companies, have come together to establish a national network based on blockchain. The consortium is called Alastria.
Bank Innovation
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The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech. According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain.
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Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). According to reports in TahawulTech, the initiative marks Mastercard’s first national-scale blockchain project in the Middle East.
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The United Nations (UN) needs to embrace blockchain, António Guterres, U.N. Guterres said blockchain technology will be a critical part of the U.N., China, too, has prioritized blockchain, and the $6 billion U.N. Innovations Network has five blockchain projects on tap that will help advance inter-agency collaboration.
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On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.
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The Russian state-owned bank, Vnesheconombank will open a special research center focused on blockchain in September. The center will be based at the National University of Science and Technology in Moscow. The launch of the center came at the request of President Vladimir Putin, according to reports.
PYMNTS
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In the world of blockchain phones, another name may crowd the pantheon. Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones.
PYMNTS
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The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).
PYMNTS
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Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments. We are now in the trough of disillusionment.”.
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Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. House Committee Eyes Blockchain for SMBs. B2B Faster Payments Predicted for High Growth. that adopts faster payment rails this year.
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In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. Last year, 56 percent of all blockchain patents issued trace their genesis from China. Alibaba Bets On The Blockchain. And patents?
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Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Experts said blockchain innovators struggling to access the traditional financial services sector have been pushed out because of it.
PYMNTS
JANUARY 3, 2019
To that end, any number of analyses are coming in the blockchain arena. According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies.
PYMNTS
AUGUST 11, 2019
New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications.
PYMNTS
APRIL 3, 2019
It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. These shortcomings make the cross-border payment industry ripe for disruption and innovation.
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DECEMBER 19, 2018
Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics.
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JUNE 25, 2018
Schweizerische Nationalbank Board Director Thomas Moser said he doesn’t think it’s the right time to talk about issuing a national cryptocurrency for the country. Switzerland isn’t the only country putting plans for a national crypto on hold.
PYMNTS
MAY 16, 2020
patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.
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Following a record-breaking Q2, global blockchain/crypto venture funding continued to climb to new highs in Q3’21. In our State Of Blockchain Q3’21 Report, we dig into global investment trends to spotlight takeaways including: A record-shattering year for blockchain/crypto financing, already up 384% vs. 2020. And much more.
PYMNTS
NOVEMBER 25, 2019
Singapore-based BCB Blockchain announced that it has launched a $300,000 fund to support incubators and startup accelerators in the Philippines under the Department of Science and Technology (DOST). And Alibaba Group is using blockchain to further the development of the Chinese film industry.
PYMNTS
SEPTEMBER 14, 2020
The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect. 1 have just taken effect.
PYMNTS
JANUARY 10, 2019
The new year has dawned with a number of cross-border payment pacts, done across blockchain and other means. In Pakistan, as reported by Coindesk, Telenor Microfinance Bank and remittance firm Valyou Sdn Bhd (a Telenor subsidiary) have launched a payment platform based on Alipay’s blockchain offerings.
PYMNTS
OCTOBER 10, 2019
The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.
PYMNTS
OCTOBER 25, 2019
The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Colorado’s bill does have support from some lawmakers.
PYMNTS
MARCH 22, 2019
A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.
PYMNTS
MARCH 29, 2020
The World Health Organization ( WHO ) is working with blockchain and other tech companies on a program to help convey data about the ongoing COVID-19 pandemic, which it is calling MiPasa. HSBC has been using the blockchain space despite a lack of ambition to move into crypto space.
PYMNTS
NOVEMBER 22, 2017
The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. Nearly two-thirds of that funding will go toward blockchain startups, reports added.
PYMNTS
JANUARY 29, 2020
The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We
PYMNTS
NOVEMBER 21, 2019
Paris-based Ultra , which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.
PYMNTS
APRIL 29, 2019
Governments are betting on blockchain to power tourism in cities. The city’s infrastructure will be constructed reportedly through the help of blockchain, with a DMI platform and a DMI coin that will allow for payments of government services. There is also, of course, the blockchain technology.
PYMNTS
JULY 25, 2018
The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. In the telecom world, South Korean firm KT said it has applied blockchain to its commercial network. Blockchain As City Initiative. Blockchain As City Initiative.
PYMNTS
JANUARY 11, 2021
Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Hamstringing American Innovation. s ability as a country to effectively innovate.
PYMNTS
JANUARY 26, 2018
InventoryClub is the latest company to deploy blockchain technology for business finance. The Commonwealth of Nations represents 52 member states around the globe that were once members of the British Empire. The company announced news on Thursday (Jan. enabling companies to submit inventory for which they need financing.
PYMNTS
JANUARY 31, 2018
For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said.
PYMNTS
FEBRUARY 21, 2017
Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of the most manual and least secure corporate payment technologies in use today, it could be a good place for blockchain disruption to start.
PYMNTS
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government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.
PYMNTS
NOVEMBER 29, 2016
Two top banks in the United Arab Emirates and India are spearheading blockchain initiatives in their perspective markets thanks to a new collaboration with software conglomerate Infosys, reports said Monday (Nov. They’ll use the EdgeVerve Blockchain Framework for Financial Services product, reports added.
PYMNTS
JUNE 27, 2019
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). But before partaking in blockchain bacchanal …. The Blockchain Bonanza.
PYMNTS
FEBRUARY 2, 2017
The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain. According to Ripple , an estimated $1.7
PYMNTS
JANUARY 17, 2021
Figure Technologies , which works in blockchain-based finance tech transformations, has worked with J.P. Morgan will help us continue to innovate in the lending space,” said Mike Cagney , CEO and co-founder of Figure, according to the release. “We billion, in partnership with numerous banks and facilities, including Jefferies.
PYMNTS
MARCH 3, 2020
As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. bank to use RippleNet’s blockchain network to move money across borders.
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