Pfizer Executive: Technology Is ‘Basically Good Enough’ to Ramp Up Production Blockchains

A Pfizer executive has challenged existing theories about slow rates of blockchain adoption — telling the Consensus conference on May 14 that the technology is “basically good enough to have more production blockchains than we have today.” Ken Nessel, senior director of business technology at the pharmaceutical giant, made his comments during the second day of the conference…

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Blockchain Entrepreneur, Ontario Regulators Seek Settlement in Namedrop Scandal

The Ontario Securities Commission (OSC) along with blockchain corporation NextBlock Global Limited and its CEO Alex Tapscott, have filed for a public settlement hearing on May 9. Tapscott and NextBlock were previously accused by the OSC Staff of the Commission of misleading prospective investors during a funding round that reportedly “raised approximately $20 million from 113 accredited investors.” Investors were allegedly…

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Swiss Post Partners With Blockchain Startup on Temperature Monitoring Shipments Solution

Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. The news was reported by Swiss logistics news site Die Post on May 7. Die Post reports that Swiss Post has cooperated with Modum, a blockchain and Internet of Things (IoT) technology firm, as a technology partner to launch…

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Theta Labs’ Video Streaming Network Closes Funding Led By Samsung NEXT and Blockchain.com

Theta Labs, the company behind the Theta Network, has recently closed a new strategic funding round that was led by tech giants such as Samsung NEXT and Blockchain. Other companies that participated in the funding round include Uphonest Capital, Wei Fund, Igen Fusion Capital, and many others. Theta Labs Receives Support From Samsung NEXT and Blockchain One…

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London Stock Exchange CEO Is Certain That Blockchain Can Be Used in Issuing, Settlement

The CEO of the London Stock Exchange (LSE), one of the world’s oldest stock exchanges, believes that blockchain could have a use in issuing securities and settlement. CNBC reported on the CEO Nikhil Rathi’s comments on May 2. Speaking in an interview, Rathi noted that distributed ledger tech (DLT) could potentially play a role in the United Kingdom’s stock market. Specifically, Rathi expressed confidence…

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Ontology (ONT) Enterprise Blockchain Ready To Release Paxos (PAX) Stablecoin On Its Network

Ontology (ONT) is expecting to be launching a version of the stablecoin Paxos Standard (PAX) on its blockchain. The information was released by the blockchain network and project in a recently published press release. Paxos Standard To Be Running On Top Of Ontology Ontology announced that it will be launching Paxos Standard on its network. In this way, Ontology will…

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Stablecoin USDT Launched on Tron Blockchain

Tether has started issuing its stablecoin USDT on the Tron (TRX) blockchain. The development was announced in a blog post published on April 17. The development is an upgrade from the OMNI protocol-based USDT — which is pegged to the United States dollar on a 1:1 basis — that now enables users to hold and…

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Blockchain fridge to reduce the unnecessary waste of energy

Austria’s largest energy provider, Wien Energie, has developed a blockchain-driven fridge in partnership with tech giant Bosch, Cointelegraph’s correspondent reported from the ANON Blockchain Summit Austria. Wien Energie presented the new model during the crypto conference in Vienna on April 3. The official release claims that the decentralized technology is used in the construction of a refrigerator for the first time. The main…

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Gaming Startup Announces Global Licensing Agreement With Formula One

Blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the world-renowned racing series. The news was revealed in a press release from Animoca published on March 26. Formula 1® — which reportedly draws ~1.6 billion television viewers across over 180 territories and engages 506 million…

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Hershey Chocolate Company Joins Blockchain Advertising Consortium

Blockchain-based consortium AdLedger has on-boarded The Hershey Company, a leading American chocolate production company, media outlet AdWeek reported on March 26. Hershey, along with French media group Publicis Media and The Global Audience Based Buying Conference & Consultancy (GABBCON), has reportedly joined AdLedger. AdLedger was founded by IBM, Tegna and blockchain company MadHive in 2018, and is a…

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