Australia’s data science research wing, Data61, has engaged the services of IBM as it looks to build the country’s first national blockchain.
Due to the rising costs of printing fiat money, RBI is looking towards a digital-token alternative using the distributed ledger technology (DLT).
A major blockchain conference is planned for next month by the Organization for Economic Co-operation and Development.
ORBISE aims to disrupt the financial services market through its innovative blockchain solution and token.
Square’s new payment system aims at reducing the transaction latency making crypto payments as fast as credit card payments.
The EU member states will gather next week in Vienna, Austria to discuss certain steps required to monitor the function of the crypto market.
British insurance giant Lloyd’s of London is expanding its operations into the cryptocurrency space on growing demand for insurance coverage.
The report cites some issued like lack of trust among users, inability to bring the network together, and other technical challenges of scalability and interoperability, for the slower blockchain adoption.
The blockchain platform allows customers to transact on different banking platforms while undergoing verification only through a single app.
The blockchain conference is expected to see blockchain experts from around the globe who will also be having individual meetings with the Korean business officials.