US Customs and Border Protection to Use Blockchain-based System to Track Canadian Oil and Gas Imports

The US Customs and Border Protection, which is part of Homeland Security, is partnering with Mavennet Systems to build a blockchain-based system to track oil and gas imports from their northern neighbor. They have allowed almost $183,000 for building this blockchain-as-a-service platform. The belief is that the system would allow for tracking of these imports…

Japan’s Mitsubishi UFJ Partners with 21 Diverse FinTech Stakeholders to Form a Security Token Research Consortium

Japan’s largest bank and fifth biggest bank by assets, Mitsubishi UFJ Financial Group, is forming a new Security Token Research Consortium with 21 other members. The leading Financial Services provider in Japan, Mitsubishi UFJ Financial Group, is the lead firm in a project that set revolutionize fixed-income assets by tokenization. This consortium comprises of 22…

China Smart City Initiative Set to Integrate Blockchain ID System for Data Sharing Connectivity

Chinese city of Shijiazhuang will implement a blockchain-based identification system to enable smart cities to share tamper-resistant data and enhance connectivity. The Chinese smart city initiative will integrate blockchain technology to manage identification profiles across the cities. The initiative, contextualized in 2012 and officially started construction in 2016, ranges over 500 test city projects with…

WEF Teams Up with Major Firms to Develop Practices for Blockchain

The World Economic Forum is working with seven major firms in the mining and metals industry to develop sustainable practices for blockchain use. Known as the Mining and Metals Blockchain Initiative, it focuses on transparency and improved reporting of carbon emissions. Blockchain is moving from theory in the mining industry to being put in practice.…