The use of the blockchain technology is increasing with the rise in the popularity of the same along with other cryptocurrencies. In many areas, this technology is replacing the traditional mode and a recent addition to this list is the State Pension Fund in Russia. This is the biggest public social service provider and has recently decided to join this world of cryptocurrencies. The decision is to basically apply this blockchain technology to both the labor relations as well as the labor industry and the purpose to be fulfilled with the same is to monitor as well as manage the…

According to a press release on September 1, a major insurance company, PICC People’s Insurance Company of China, will deploy blockchain technology to its operations. PICC has partnered with a blockchain-based, VeChain platform and a global quality assurance and risk management firm, DNV GL, to make their activity more profitable and swift. In addition, the new partnership aims to improve fraud prevention, claim experience, and KYC compliance. In the announcement, PICC says blockchain technology will bring digital transformation to the insurance sector, creating immediate compensation for businesses by offering a more profitable business model. Specifically, VeChain’s Thor platform will help…

Terra wants to create Project Terra, which is said to be the next generation of the digital money which is getting widely popular, and has actually raised as many as $32 million so as to fuel this vision of the company to make the project that is basically based on the blockchain as well as the cryptocurrency technology. The company is actually a Singapore based startup and has the legal name as Terraform Labs. The amount is raised by the investors which include many big names in the field. Some of the investors that have helped to raise such a…

 Some of the largest companies as far as the cryptocurrency world is concerned are enduring to make the ecosystem with the help of some huge investments exclusively on their own. For instance, Binance, which is the largest exchange in the entire world, is doing just the same. The company is actually storming beyond an enormous $1 billion fund which was unveiled by it a few months ago, after the company announced the incubator program which mainly focuses on helping the blockchain startups which are at the early stages to nurture and develop. This incubator program was actually teased back by…

 A blockchain startup named Stockholm IT Ventures AB, also known as SITV, which is based in Sweden, has recently signed an agreement related to a software license with one of the local banks in Sweden in an attempt to provide a service related to the Crypto-Fund Trading. The company on Wednesday announced that one of the company’s subsidiaries dealing with automation named Blocktrade Technology, has signed this particular agreement with the Valens Bank in Sweden, according to one of the news releases. This is not the first but by far the second agreement between the two that demands the bank…