A $20 million research grant was awarded to Hong Kong University of Science and Technology (HKUST) Business School to enhance the security abilities of electronic transaction systems, claimed China News this week The HKUST Business School has reportedly joined hands with the CUHK (Chinese University of Hong Kong), the HKU (University of Hong Kong), and the CityU (City University of Hong Kong) to work on the research study. Besides the improvement of the electronic transaction security system, the parties will also explore blockchain tech use cases, and talk about the potential of Hong Kong’s evolution into a worldwide financial tech…

Reportedly, Microsoft published its two of its new patent applications. As per the industry experts, the recent move from Microsoft indicates that the firm is looking for the utilization of trusted execution environments (TEEs) within its blockchain contributions. As per the data collected from two filings that were earlier published by the U.S. Patent and Trademark Office, a TEE is stipulated for the storage of the priorly committed form of blockchain or other security protocol code in a validation node. With such type of data, an attestation of TEE can validate members of the structure possessing identical data apprehended in…

The World Bank is entering into the brave new realm of digital finance to trade the first-ever bond to be launched completely employing blockchain tech, the bank declared to the media this week. More than just finances, the World Bank targets to attain experience employing blockchain that can result in “a bright future” for fiscal services in developing countries, an official of the bank claimed to the media in an interview. The tech is most often related with cryptocurrencies (such as bitcoin). These cryptocurrencies often lifts suspicion about their volatility and reliability, as well as their employment for criminal reasons.…

The London-located Fintech firm offering next-gen fiscal services for the unbanked, Humaniq, this week rolled out a pilot project dubbed as Humaniq Farm. The project is rolled out for consumers in the agricultural business to empower them in order to progress as entrepreneurs. As per a study performed by the Humaniq group, agriculture is a vital industry for sub-Saharan Africa. On the other hand, considering the rapid economic transformation in Africa along with shortage of qualitative data, fast urbanization, and demographic changes, there is a risk of farmers lacking the knowledge to take benefit of new opportunities in the market.…

Details of 760,000 diamonds are been placed on blockchain as stated by a subsidiary of the foremost web-only insurer of China, ZhongAn Insurance. ZhongAn Technology—that is publicly registered in Hong Kong—declared the rollout of its gem-tracking blockchain app, stating that the development was made to attain a higher level of traceability within the luxury industry. The solution is being marketed via Diamsledger, a novel subsidiary collectively made by ZhongAn and Ediams, the online diamond trading company. Developed on top of the proprietary blockchain network of ZhongAn and swarmed on its Anlink cloud platform, the app is set up across chosen…

Macrogen, a South Korean public biotechnology enterprise, recently released a press note. This press release stated that the firm is in the process to develop a genomic big data blockchain-based platform. For this purpose, the company will be partnering with Bigster, a local technology firm. Macrogen is the leading gene sequencing service provider company in the country. The latest collaboration will power the blockchain tech to form a medical big data ecosystem. This ecosystem will offer a secure as well as a private storage option. It will also help in transferring the huge amounts of sensitive genomic and personal data.…

The first music festival’s tickets are now on sale. The festival is set to be fueled by blockchain technology. Planned for this winter, the Our Music Festival is rolling the OMF token (its personal virtual currency) at the University of California at its opening event at Berkeley’s William Randolph Hearst Greek Theatre. It will be the first musical experience to process booking charges on a live blockchain app. The festival expects that the event will please the tech crowd of the city and aims to grow on the ethereum network. Pre-sale tickets begun with a price tag of $25 and…

West Virginia is launching out a blockchain-supported mobile voting application to all the 55 counties of the state. This is done so that in the midterm elections military personnel located abroad can more effortlessly cast their ballots. The media earlier claimed that the state piloted the blockchain application in May for stationed military staff and their dependents from Monongalia and Harrison counties. Mac Warner (Secretary of State) claimed that the plan (at that time) was to expand the effort all over the county in November during the midterms if the pilot proved to be victorious. Now, as per the media,…