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The German government has embarked on consultation with firms and individuals in the blockchain sector of the country. The entities consulted could become stakeholders in the blockchain development of the country as the country aims toward more adoption and regulation. German Government Consults Blockchain Firms As reported by Reuters on the 18th of February, the unnamed firms and groups have been...
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A survey conducted by Advertiser Perceptions for MediaPost, a news outlet reveals that "Blockchain" was the most overrated word in 2018. Many advertisers and companies used the word to get people's attention. However, only a few were able to deliver the proposed product at the end of the day. Study to Ascertain Words That Were Given Too Much Importance Advertiser Perceptions...
A new study carried out by the Massachusetts Institute of Technology (MIT) predicts blockchain technology to gain mainstream adoption this year contrary to past researches. Blockchain Gaining Traction Previous studies and conservative critics haven’t failed to point out the notion that blockchain technology along with all forms of decentralized ledger technology is nothing but overrated. The argument remains that the technology...
By each passing day, Facebook, the popular U.S. based social media company is giving people the impression that they will launch a blockchain-based product soon. The latest additions to vacant positions which can be filled in the company are targeted at blockchain experts, according to the publication on their jobs' page. Facebook Adds More Jobs to its Career Page Facebook has...
Luxembourg, a European country has passed a bill that gives transactions done via blockchain the same legal standing as traditional ones. The bill which was passed on February 14, provides transparency to market participants while transactions are carried out on the distributed ledger technology (DLT), according to a media report on February 17. 58 Out of 60 Lawmakers Vote in...
Apple Suspends Podcast
Apple, a U.S based tech giant on February 15, filed a “Conflict Minerals Report”. The report titled "Summary of Apple’s Commitment to Responsible Sourcing" was filed with the Security and Exchange Commission (SEC). It outlines how Apple has been adhering to the best practices while sourcing for the materials used in designing its devices. Committed to the Best Practices and Maintaining...
HSBC
Giant powerhouse HSBC Bank Plc, one of the largest banks in the world has come out to verify the hype surrounding the implementation of blockchain technology after revealing that it has significantly reduced its incurred costs on a global scale. No Fluke Blockchain technology’s offer of a decentralized database boasting credible efficiency, speed and security have been publicized over the past...
The state of California plans to develop blockchain and artificial intelligence based products. This was mentioned in the "State of the State address" by the governor of the state, Gavin Newsom recently. Adoption of Blockchain and Artificial Intelligence Technology Gavin Newsom said in his speech that there is a need for a comprehensive statewide strategy to uplift and upskill the workers...
Mitsubishi Financial Group MUFG
One of the world’s largest bank Mitsubishi UFJ Financial Group (MUFG) has announced its decision to launch its first blockchain payment system after a recent partnership with Akamai Technologies. Joining the Train Mitsubishi UFJ Financial group joins a steadily growing list of elites and financial powerhouses that are fast turning to blockchain technology as a new secure method of increasing efficiency...
The Moscow government has made plans to launch an "IT-platform of the innovation cluster of Moscow", before Spring. The platform will focus on Blockchain Technology and its members will be able to relate with others in the industry. Also, cluster members can receive financial support from the government, according to a media report on February 12. IT Platform to Focus...