Swiss Financial Giant UBS Launches On We.Trade

Banking giant operating in Switzerland, UBS has announced it has gone live on its We.Trade blockchain platform for trade finance. The bank also announced that the platform will soon be adopted by other banks that are also members. As per bank’s spokesperson, the giant financial institution went live on we.trade from the start of October supporting services to small…

Cisco Partners with SingularityNET to Decentralize Artificial Intelligence with Blockchain

Tech conglomerate Cisco and decentralized artificial intelligence (AI) firm SingularityNET have reached a partnership to develop a decentralized Artificial General Intelligence (AGI) project. The ambitious project aims to create more advanced AI technologies that will soon be able to exceed human abilities to learn and perform new tasks.    AGI is an emerging new field of AI that…

Discovering Insuretech: Blockchain Disruption of the Insurance Sector

The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive records. Both aspects make the insurance sector an appealing ground for blockchain-based optimization — and indeed, distributed ledger technology…

Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

American blockchain startup Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. The news was published by energy-focused news outlet Worldoil on May 8. In a Series A equity funding round, Data Gumbo ostensibly raised $6 million from companies such as Saudi Aramco Energy Ventures, the…

StanChart makes first Singapore trade finance deal using blockchain

StanChart makes first Singapore trade finance deal using blockchain

Standard Chartered‘s Singapore unit has completed its first cross-border trade finance transaction on a blockchain-based platform. StanChart tapped startup Distributed Ledger Technologies’ platform to complete an agri-business supply chain deal in one day, instead of the normal five to seven, the bank announced. The blockchain technology, which enables parties in the supply chain network to…

Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance. The platform was announced last week while the organization is in the process of rolling it out for live usage after several pilot programs aimed at improving the efficiency and security of trade finance transactions.…

Ukraine to Get a Decentralized Agricultural Commodity Exchange in 2019

Ukraine to Get a Decentralized Agricultural Commodity Exchange in 2019

In 2019, Ukraine will launch what it claims to be the world’s first decentralized agricultural commodity exchange via blockchain technology. Will the model inspire similar initiatives in other countries? Agricultural Trading, On Chain The project aims to create a trading platform for all kinds of players in Ukraine’s agricultural industry, Roman Nazarov, general director of…

lockchain Innovator ShelterZoom Announces Next-Generation, One-Stop Real Estate Marketplace

Blockchain Innovator ShelterZoom Announces Next-Generation, One-Stop Real Estate Marketplace

PropTech leader sets stage to launch the industry’s first blockchain-powered, end-to-end deal platform as a prelude to serving other industries. ShelterZoom, creator of the first blockchain-based real estate purchase and rental deal platform, today announced plans for a next-generation, one-stop real estate marketplace. Set to go live in Q1 2019, the marketplace will incorporate a…