Fishcoin, a startup based on blockchain is planning to apply the technology called the decentralized ledger technology to the supply chains related to seafood, which links the fish farmers and fishermen at the point of harvest to the people involved with the seafood supply chains that are available globally that include the processors, distributors, retailers, and wholesalers, among others. This is said to be achieved by the company by applying the technology of blockchain which is getting widely popular across the world in order to bring high level of traceability to the seafood industry, and to basically create a type…
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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…
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Since blockchain technology has appeared, there is a persistent problem in the development related to the scalability of millions of users. Bitcoin was never been really designed for such issue and now other platforms such as Ethereum are struggling. DFINITY, based in Switzerland and Palo Alto has been following an ambitious goal of making an Internet Computer. Investors groups have been largely crowding DFINITY owing to its high dose of ambition, and a team with expertise in computer science. Internet Computer is a non-proprietary, decentralized, and blockchain-based network to power the future generation applications. DFINITY plans to launch an initial…
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MyCrypto, an open source interface that simplifies the process of storing, transferring, and receiving digital assets, today announced that it had bagged $4 Million from Polychain Capital. MyCrypto offers a set of tools that help users create new wallets and sell, buy or trade virtual currencies. Other investors who participated in the funding round include Ausum Blockchain Fund, Boost VC Fund 3, Mainframe’s Mick Hagen, shapeshift, Earn’s co-founder Lily Liu, Albert Ni Dropbox’s first employee and Chance Du of Coefficient Ventures. The company intends to develop a consumer-friendly gateway for cryptocurrency users. This round of funding comes at a time…
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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…
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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…
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China’s Central Bank has already provided some important insights regarding some of the blockchain schemes that are fraudulent in some way or the other, and have been advising the people through certain procedures in order to stop them from falling prey to such schemes. The bank has now started asking the retail investors as well to report some of the criminal clues, if any, to the departments that are relevant. On August 24, Friday, four regulators along with the People’s Bank of China warned the public about many things including pyramid schemes, illegal fundraising, and other fraudulent schemes as well,…
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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…
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Iran’s initiative to launch a national digital currency has reached to the final stage of development. The project related draft was requested by President Hassan Rohani, the local Financial Tribune news center reported on Saturday, according to a government statement. Deputy Director responsible for regulation drafting for High Council dedicated to cyberspace, Mahdiyoun Saeed, reportedly told IBENA, an Iranian news agency, that the draft is prepared and will be soon lawfully publicized. He added that the proposal of introducing a national cryptocurrency has been actively chased at recent council meetings. Iran’s judgment to build up a national digital currency was…
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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…