PYMNTS

AUGUST 24, 2020

Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.

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APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

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PYMNTS

JANUARY 2, 2019

In a recent report published by Protiviti and North Carolina State University, analysts found just how important technology and innovation are becoming for corporate executives. The World Trade Organization’s latest analysis on the technology found blockchain could add $3 trillion to the world’s global trade markets by 2030.

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PYMNTS

OCTOBER 4, 2019

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately. “It

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PYMNTS

OCTOBER 17, 2018

Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. “The emerging cannabis industry demands product management solutions and blockchain is the most logical choice,” said DMG CEO Dan Reitzik in a statement.

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PYMNTS

JUNE 2, 2020

Amazon Technologies Inc. In separate news, IBM and Chainyard, the blockchain consultancy, unveiled a supply chain management blockchain network called Trust Your Supplier, which aims to bolster supplier validation, life cycle data management and onboarding. Gartner Inc.,

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PYMNTS

NOVEMBER 5, 2018

China Merchants Bank ( CMB ) announced that it has become the first bank in the country to issue blockchain electronic invoices. According to China Knowledge , the news comes just one month after the bank revealed its intention to launch a blockchain eInvoice. This isn’t the first blockchain-based project for CMB.

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FEBRUARY 15, 2018

Prime Minister Mariano Rajoy’s People’s Party is preparing legislation including possible tax breaks to attract companies using blockchain technology.

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PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. Other countries have also looked into formalizing cryptocurrency and blockchain into their respective economies.

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PYMNTS

JANUARY 22, 2018

Royal Dutch Shell is boosting its position in the world of blockchain through an investment in distributed ledger startup Applied Blockchain. startup, which develops blockchain apps with a focus on smart contracts. Shell also chose Applied Blockchain as the winner of its startup development competition.

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PYMNTS

FEBRUARY 9, 2018

Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported.

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PYMNTS

OCTOBER 29, 2019

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to the report, the standards would be the first in the world.

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PYMNTS

FEBRUARY 24, 2017

Blockchain technology keeps a high level of detail in its records of all financial transactions made. The hope here is that this type of technology will lessen the chances of the distribution of misinformation or manipulated information. As with any technology, there are certain strengths and weaknesses.

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PYMNTS

MARCH 14, 2018

.” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. This balance of optimism and realism is taking over the blockchain space as of late. But the segment also warned to temper the hype with healthy skepticism.

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PYMNTS

AUGUST 5, 2019

International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug. The new blockchain network is called Trust Your Supplier.

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PYMNTS

JULY 14, 2019

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain.

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PYMNTS

OCTOBER 18, 2017

17) as a result of the company’s investment in blockchain, CNBC reports. The stock has reached four-year highs due to investor interest in the technology. Overstock CEO Patrick Byrne has spent three years developing a blockchain-focused effort called Medici Ventures. Shares of Overstock.com rose 11.6 percent on Tuesday (Oct.

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PYMNTS

APRIL 17, 2018

Mastercard has filed a patent that reveals it might utilize blockchain as a way to protect identity data. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more.

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PYMNTS

AUGUST 29, 2018

Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. Companies have dabbled in the lab,” the company wrote.

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PYMNTS

AUGUST 13, 2018

WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employee expense reimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug. CoinDesk reported Friday (Aug.

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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. In this case, cryptos will be used for tax returns and municipal payments.

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PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. dollar-backed digital currencies for the payment of government taxes, fees and services. Technology is the future. Despite the SEC knowing for 18 months that if the TON Blockchain did not launch by Oct.

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PYMNTS

APRIL 4, 2018

The rise of new technology has dramatically altered the traditional nature of payments, allowing gig workers and full-time workers faster access to their earnings while enabling businesses and banks to move funds more quickly across international borders. How Smarter Payments are Enabling Instant Tax Refunds.

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PYMNTS

JANUARY 10, 2018

Just like the volatility of bitcoin, the world of blockchain is no stable place. Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. Blockchain Ups. Blockchain Downs.

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PYMNTS

APRIL 17, 2019

Blockchain got a few mentions during IBM’s conference call with analysts after earnings were released Tuesday (April 16) after the markets closed. The Global Technology Services segment – tied to tech infrastructure and support of that infrastructure – saw revenues of $6.9 Cooper Group. billion, down 7 percent. percent year on year.

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PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data.

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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. You can immediately know where shares are moving, even if you haven't settled them,” he said.

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PYMNTS

JANUARY 8, 2020

In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology. Against that backdrop, we might see the continued evolution of tax policy tied to crypto, and perhaps more defined parameters of crypto as a distinct class of assets.

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JULY 12, 2018

He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world. Organizations such as CVA endeavor to welcome crypto firms by “creating a soft landing ground for blockchain companies in Zug,” Bussmann said.

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AUGUST 6, 2019

The British tax authority wants cryptocurrency exchanges to share customer names and transaction data in order to track down unpaid taxes. While the HMRC declined to go into detail, saying it could jeopardize the assessment or collection of taxes, it confirmed that the request is within its jurisdiction.

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PYMNTS

NOVEMBER 11, 2019

Tencent has announced that it will launch a blockchain-based virtual bank. The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform.

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PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Did Blockchain Peak In 2019? And this year was no exception.

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MAY 24, 2018

FinTech linkups continue, where banks and smaller firms are helping their larger, usually traditional financial brethren navigate digital payments and technological challenges. In India, Infosys said that it has formed a blockchain with seven banks, to be known as India Trade Connect. The examples span the globe.

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PYMNTS

NOVEMBER 13, 2017

Overstock got its price target lifted last week after the company indicated that it could sell the home eCommerce unit to focus more on its blockchain aspirations, reported CNBC. percent as a result of the company’s investment in blockchain. The stock has reached four-year highs due to investor interest in the technology.

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Abrigo

JANUARY 6, 2017

Ellison-Taylor, chairman of the AICPA , recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead. But how are accountants supposed to keep up with all of the technological trends ?

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PYMNTS

OCTOBER 7, 2020

The first phase had a focus on designing and checking the technology and ended in July. According to the report, the third phase will include distributing the currency and overseeing its circulation, with blockchain technology used to monitor how that goes.

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PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride.

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