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.
blockchain Innovation National Technology 
Bank Santander, BBVA, Other Spanish Companies Create National Network Using Blockchain
Bank Innovation
OCTOBER 17, 2017
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.
National 
267
267 Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion
PYMNTS
NOVEMBER 23, 2020
Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.
National 215
215 
Mastercard Inks Bahrain Blockchain Partnership
PYMNTS
JULY 31, 2019
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.
blockchain 190
190 
Bitcoin Daily: UN Secretary-General Urges Blockchain Adoption; Africa Blockchain Institute To Open School In Rwanda In 2020
PYMNTS
DECEMBER 29, 2019
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. Every technology company is looking for an enabling environment to serve the continent.
blockchain 133
133 
Russia launches Research Center for Blockchain
Bank Innovation
AUGUST 30, 2017
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.
blockchain 275
275 
FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype
CFPB Monitor
MAY 31, 2022
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 “.
cryptocurrency 146
146 
Why Blockchain Holds Promise For Cross-Border Payments
PYMNTS
JULY 1, 2019
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.”.
blockchain 211
211 
PwC Finds Blockchain Distrust High, Even As Adoption Accelerates
PYMNTS
SEPTEMBER 20, 2018
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).
blockchain 188
188 
New Year, New Blockchain Use Cases?
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.
blockchain 195
195 
Cross-Border Payment Efforts Look To The Blockchain And Beyond
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. Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments.
blockchain 231
231 
Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser
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.
blockchain 137
137 
China, Alibaba Are Big Players On The Blockchain Patent Block
PYMNTS
SEPTEMBER 12, 2018
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?
blockchain 201
201 
Samsung Eyes Blockchain Smartphone?
PYMNTS
DECEMBER 12, 2018
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.
Samsung 137
137 
Blockchain Makes Headway Over Legacy X-Border Rails
PYMNTS
JULY 9, 2020
There’s no single path to payments infrastructure innovation. For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain. And still for others, like InstaReM, payments innovation involves a mix of infrastructure. Steamchain Lands Investment For Blockchain Tech.
blockchain 193
193 
Payment Rail Innovators Eye Speed For Corporates
PYMNTS
MARCH 3, 2020
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.
Innovation 130
130 
Bitcoin Daily: Singapore Blockchain Firm To Boost Philippine Startups With $300K Fund; OKEx Crypto Exchange Lands New Partners For OKB Coin
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.
blockchain 154
154 
USAA, State Farm To Start Using Blockchain Payments
PYMNTS
JUNE 2, 2019
National insurers USAA and State Farm announced last week that they inked a deal to pay each other claims on the blockchain. In a press release , State Farm and USAA said they are using real claims data to test how blockchain technology can quicken the auto-subrogation process. billion for all insurance carriers.
blockchain 149
149 
Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions
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.
System 320
320 South Korea Examines Blockchain For Shipping
PYMNTS
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.
blockchain 155
155 
Swiss Central Bank Nixes National Crypto
PYMNTS
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.
National 101
101 
Central Bank In Russia Skeptical Of National Crypto Benefits
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.
National 100
100 
Bitcoin Daily: IRS Offers $625K For Help Cracking Cryptocurrency Secrecy; Kuala Lumpur's IBF Net Eyes Blockchain For Recurring Payments
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.
blockchain 160
160 Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement
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.
blockchain 149
149 
Bitcoin Daily: UNICEF Backs Blockchain Projects, Bitmain Shutters Israeli Development Center
PYMNTS
DECEMBER 10, 2018
In other news, South Korea’s Shinhan Bank has started to tap into blockchain technology for its “daily working process,” according to Cryptovest. While the outlet said there wasn’t information on the “scale” of the bank’s use of the blockchain, it has piloted DLT through an interest rate swap transaction in November.
Bitcoin 157
157 
Bitcoin Daily: India Gov’t Makes Blockchain Regulation Recommendation; Bitfinex Ordered To Freeze $860K Of Bitcoin Paid By Ransomware Attack Victim
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
Bitcoin 132
132 
State Of Blockchain Q3’21 Report
CB Insights
NOVEMBER 2, 2021
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.
blockchain 94
94 Blockchain Weaves Throughout The Private And Public Sectors
PYMNTS
DECEMBER 6, 2017
Nearly every day, it seems, another technology company announces its vision for blockchain. But highly specialized startups aren’t the only ones playing around with distributed ledger technology (DLT). One of the largest question marks plaguing blockchain is the uncertainty over incoming regulation. In the U.S.,
blockchain 125
125 
Bitcoin Daily: WHO Debuts MiPasa Blockchain To Share Covid-19 Data; Coinbase’s Retail Payments Portal Passes $200M Transactions Processed
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. The program is a distributed ledger technology (DLT) that will hopefully help with early detection of the virus and identifying carriers and hotspots.
Bitcoin 179
179 
Industry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix
PYMNTS
FEBRUARY 27, 2019
These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.
Technology 190
190 
Alipay In X-Border Blockchain Pact
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.
blockchain 193
193 
Bitcoin Daily: Binance Denies Reports Of Police Raid; Blockchain Expands To Gaming Payments
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.
Bitcoin 130
130 
Can Crypto Power Tourist Cities, Block By Blockchain?
PYMNTS
APRIL 29, 2019
Governments are betting on blockchain to power tourism in cities. China, for instance, has a plan to turn 835 acres off the shores of Malacca, Malaysia into a city built off the technology. The city will also be home to a national conference center that can purportedly handle 20,000 visitors.
blockchain 128
128 
Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets
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.
blockchain 193
193 
Blockchain Finds More Commercial Uses, Telecom Among Them
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.
blockchain 109
109 
Blockchain Begins Earning Some Bitcoin-Like Skepticism
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. And this week, experts have begun to voice their skepticism over distributed ledger technology’s (DLT) promise for a massive shakeup.
blockchain 124
124 
JPMorgan Provides $100 Million Financing Facility To Figure For Mortgage Lending
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.
Lending 199
199 
Ripple Powers X-Border Corporate Payments For UAE Bank
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. The technology allows the bank to tap into Ripple ’s cross-border network and improve its user experience.
Payments 250
250 
Singapore’s Big Week In Blockchain Progress
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.
blockchain 134
134 US Government Sees The Benefits Of Blockchain
PYMNTS
SEPTEMBER 14, 2016
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.
blockchain 100
100 
Infosys Spearheads Blockchain Network In India, UAE
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.
blockchain 100
100 Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund
PYMNTS
OCTOBER 30, 2019
The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.
blockchain 101
101 
Japan’s Top Bank Testing Digital Checks On Blockchain
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.
blockchain 102
102 
Abu Dhabi Bank Implements Blockchain
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
blockchain 100
100 
Let's personalize your content