In recent years, as “Bitcoin”, “Ethereum”, and “blockchain” became common sounds in the global vernacular, a number of innovation-friendly corporations and forward-thinking startups have sought to implement this nascent innovation into their businesses. However, while many firms seem good-willed with their blockchain ambitions, some skeptics believe that these corporations could mean ill, or, at the…
SC Johnson, a U.S.-based manufacturer of household cleaning supplies, has partnered with Plastic Bank to help increase recycling rates and tackle poverty in Indonesia. The non-profit uses a cryptocurrency token system to pay people for handing over recyclable plastic in order to address the global crisis of ocean plastic. Plastic Bank Fights Pollution and Poverty with…
Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies. Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on the information systems and registries of the Ministry of Justice. Azerbaijan Government Eyes Blockchain Application on Notaries, Courts, Penitentiaries, NGOs, Registries The Azerbaijani Internet Forum is…
Stellar Lumens (XLM) rally, add 55.6 percent The network failed for two hours on May-15 Stellar’s validator nodes “trust” the SDF nodes. Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15. At the moment, XLM is under pressure but up 18.8 percent in the last day.…
A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was conducted by IBM and the Official Monetary and Financial Institutions Forum (OMFIF). The survey,…
Stellar’s XLM surged 17% on Friday as the overall cryptocurrency markets posted gains, led by XRP, which was up 55% on a 24-hour trading period at the time of writing. The price rise of Stellar comes as the cryptocurrency is seeing increased adoption, specifically through IBM’s new cross-border settlement system – World Wire. On Friday,…
IBM’s partner IPwe will tokenize patents as non-fungible tokens (NFTs), according to a press release. The company will build an infrastructure to store the NFTs. The objective is to improve the way patents are traded. IPwe hopes to “bring new liquidity to this asset class for investors”. Hosted on IBM Cloud, IPwe’s platform operates as…