distributed ledger News

A recent report from the Global Financial Markets Association (GFMA) suggests that traditional markets could save more than $100 billion per year by implementing distributed ledger technology (DLT).

According to Fabio Panetta, an executive European Central Bank (ECB) official, the regulator is considering a uniform platform compatible with the existing interbank settlement system. ECB Eyes Distributed Ledger Technology for Efficiency In a move to improve the efficiency of…

A Nostro account is a system that allows a bank to hold foreign currency in another bank. For instance, a US bank may hold some Pounds(UK currency) in a UK-based bank.  The Ideology That Fuels Nostro Accounts The whole idea…

Global blockchain technology company Distributed Ledger Inc. and GulfQuest Maritime Museum have joined forces to develop a sustainable bitcoin mining project that has recently been approved by the City of Mobile, Alabama. Joint Efforts to Boost Bitcoin Adoption According to…

The German district of Altötting is piloting a digital proof of vaccination project using technology offered by a Cologne-based firm, UBIRCH, becoming the first in the country, news sources on Jan 21 reveals. UBIRCH‘s IOTA and Ethereum-based Solution Used in…

A research center from the University of Glasgow has partnered with Everledger, a blockchain startup, to ensure transparency in the whisky industry and combat fakes, using blockchain technology. Blockchain Technology to Safeguard Rare Whiskies According to an official publication on…

The Public Debt Management Office (PDMO), under Thailand’s Ministry of Finance, will be utilizing Krung Thai Bank’s (KTB) blockchain platform to sell government bonds to the general public. Thailand to Sell Government Bonds via Blockchain According to a report by…

Blockchain technology is infamous for being touted as a one-stop solution for all advancements and critical issues in the world. However, its use in the medical system is well-studied and worked upon by academics and researchers alike, meaning an area…

North Capital Private Securities, a firm that provides financial planning, advisory services, and discretionary investment management to its clients, has gotten the go-ahead from the United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), to…

Sony Corporation, a Japanese multinational conglomerate that specializes in developing consumer and professional electronics, has announced the launch of its Blockchain Common Database (BCDB) platform. The firm says BCDB is a next-generation Mobility as a Service (MaaS) solution designed to…

Blockchain, the technology that undergirds the world’s premier cryptocurrency Bitcoin (BTC), is regularly touted as one of the most significant milestones of technological advancements in recent times. The emerging technology’s potential for creating a positive socio-economic impact is often compared…

Swiss multinational food and drink processing giant Nestle is set to expand the use of the IBM Food Trust blockchain technology platform to its famous Zoegas coffee brand. This, according to a report by MarketScreener, April 6, 2020. Nestle Expands…

Breitling SA, a Swiss luxury watchmaker established in 1884, has announced it’s now using distributed ledger technology (DLT)  to prove the authenticity and ownership of Top Time, its limited-edition timepiece. One of the earliest versions of the top time watch…

Forte, a Ripple-backed blockchain platform for the gaming ecosystem, has joined forces with five leading game studios including Netmarble, Hi-Rez Studios, Magmic, nWay, and DECA Games. The alliance will enable these game developers to integrate Forte’s blockchain solution into their…

A team of researchers at Yale University have been experimenting with new technologies including internet-of-things (IoT), artificial intelligence (AI) and Linux Hyperledger’s blockchain platform, to find out how these innovative technologies can help humanity to tackle the menace of climate…

According to a March 21, 2020, report by Nikkei Asia Review, global accountancy giant, EY’s Japan offshoot – EY Japan – is set to launch a blockchain technology-enabled traceability platform for Japanese sake and fruits. Tapping Blockchain to Ensure Sake…