World’s Largest Diamond Retailer Joins De Beers Blockchain Project

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Signet Jewelers, the world’s largest retailer of diamond jewelry, has joined Tracr, the diamond blockchain program being developed by South African gem juggernaut De Beers Group. Signet is part of a growing chorus of industry giants that are part of the Tracr pilot program, which will track each diamond that gets mined on a shared distributed ledger. The blockchain project will ensure that the gems are not illegal “conflict diamonds” mined by slaves in African war zones…

Chinese Government Orders Faster Blockchain Development

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: “To build a regional equity market in Guangdong, according to the opening up of the capital market, timely introduction of Hong Kong, Macao and international investment institutions to participate in transactions. We will vigorously develop…

Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed a $25 million ICO in new financing last year to develop a decentralized payments platform Omise Go, powered by OMG, an ERC20…

American Express Gives Loyalty Program a Blockchain Upgrade

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. American Express has deployed Hyperledger’s blockchain technology to make its Membership Rewards program more versatile, marking the first application of blockchain technology to a major U.S. financial services loyalty program. Under the revamped program, merchants will be able to create Membership Rewards offers on their own platforms to engage customers and at the same time offer card members more opportunities to earn points. Rewards On Select Products American Express is partnering with Boxed, an online wholesale retailer,…

ed | Blockchain and GDPR: Europe’s Moral Torc

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. This op-ed on GDPR and blockchain was written by Robert Chu — CEO of Embleema, the patient-driven healthcare blockchain, and Former SVP at IMS Health (Now IQVIA) — and Alexis Normand, former Head of B2B of Nokia Digital Health Internet privacy advocates are surely disappointed by Mark Zuckerberg’s mid-April performance in front of the US Senate. After Cambridge Analytica misused 87 Million Facebook users’ accounts for political purposes, the young billionaire demonstrated that Internet platforms do not…

Bank of America Adds to Growing List of Blockchain Patents

Join our community of 10 000 traders on Hacked.com for just $39 per month. Blockchain is finding more implementation in the mainstream and Bank of America (BoA) is at the forefront of a group of legacy companies that are using Distributed Ledger Technology (DLT) to validate the veracity of information and those using it. A Security-inclined Blockchain Recently, the bank won another blockchain patent, adding to its growing list of patents in the emerging technology. This recent patent, whose inventors are identified as Kurian and Manu Jacob,is described in abstract…

Major Banks Pilot Successful Thailand-Singapore Blockchain Remittance

Join our community of 10 000 traders on Hacked.com for just $39 per month. A joint effort by major banks in south-east Asia has led to a successful blockchain-powered cross-border funds transfer in real-time from Thailand to Singapore. In an announcement on Tuesday, Thailand’s Bank of Ayudhya – commonly referred to as Krungsri – revealed a successful pilot test involving an international remittance from a domestic bank account to a Standard Chartered account in Singapore using its own blockchain, dubbed the Krungsri Blockchain Ledger. The endeavor involved major Japanese multinational…

Walmart Files Patent for Blockchain-based Digital Marketplace

Join our community of 10 000 traders on Hacked.com for just $39 per month. A recently released filing by the U.S. Patent and Trademark Office (USPTO) outlines a blockchain-based framework that Walmart has envisioned as part of its efforts to expand its digital services for retail shoppers. Walmart’s Blockchain Push Filed in 2017 and granted on May 17, 2018, the document is an example of Walmart’s push to embrace digital technologies for augmenting its intellectual property holdings, and it adds to an impressive arsenal featuring a number ranging from parcel-tracking systems…

Australian PM Turnbull Tells Government Agency to Study Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. Australian prime minister Malcolm Turnbull, the country’s most powerful political official, has directed the government’s Digital Transformation Agency (DTA) to study potential applications of blockchain technology across government. Addressing a Senate Estimates committee on Monday night, DTA chief digital officer Peter Alexander revealed that PM Turnbull directly told the agency to explore blockchain applications after interest in the technology from other agencies and vendors, Australian publication ITNews reported. The DTA is a government agency established in…

Australia Plans Blockchain Prototype to Deliver Welfare Payments in 2019

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Australian government’s digitization agency has revealed plans to explore the implementation of blockchain technology in delivering social security welfare payments to citizens. Speaking at a conference in Sydney last week, Digital Transformation Agency (DTA) chief executive Randall Brugeaud underlined welfare payment delivery as an early use case for its blockchain implementation effort. The DTA was established in 2015, part of the government’s broad digitization agenda that tasks the agency to engage other government bodies and…