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…

Presidential Committee Commits to Giving Crypto a Legal Status in Korea

Korean Government receives recommendation from country’s Presidential Committee to issue cryptocurrencies a legal framework and regulatory status to help boost innovation. During the 4th industrial revolution, the Korean presidential committee urged the government to accord cryptocurrencies a legal status. The committee said that this was to assist the country so it remains at the front…

AEternity Blockchain Platform Releases its Final Hardfork Software Lima, Looks to Rival Ethereum

Æternity’s core development team shares details of its Lima blockchain hard fork software changes as the blockchain platform looks to compete with Ethereum by improving its network naming system, governance and virtual machines. Æternity, an open-source blockchain platform for building a decentralized application has announced the final version of its hard fork software LIMA. The…

Industry Giant, Coca-Cola, Now Using Blockchain Technology From SAP to Enhance Efficiency

Coca-Cola and SAP partner to use blockchain to help track supplies to bottlers, increasing transparency and efficiency. Using distributed ledger technology (DLT) will help Coke better control its $21 million supply chain across 70 franchises. Coca-Cola bottlers, based in Alabama is the latest global corporation to embrace and implement blockchain technology. It follows on the…

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.…