US Retailer Target Unveils Open Source Blockchain for Supply Chain Tracking

United States-based retail giant Target is creating an open source blockchain project for supply chain tracking, according to an official blog post from the company’s VP of architecture on April 22. According to the post, Target ran a pilot test using blockchain technology to certify its paper products along the supply chain in 2018. The blockchain used in the test period was reportedly made…

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Rakuten Partners With Japan’s Biggest Railway Firm to Promote Cashless Payments

Japanese e-commerce giant Rakuten has partnered with Japan’s biggest railway firm, the East Japan Railway Company (JR East), to promote cashless payments. The news was reported by Cointelegraph Japan on June 5. The partnership will enable commuters to charge and use their rechargeable smart fare card — JR East’s “Suica” — via the Rakuten Pay mobile app. As Cointelegraph Japan notes,…

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Christine Lagarde of International Monetary Fund Touches on Potential of Crypto, FinTech and Blockchain

Christine Lagarde the Managing Director of the International Monetary Fund (IMF) said a few hours ago that the presence of technology giants using Big Data and AI could eventually disrupt the financial system. Virtual currencies and blockchain technology are helping new individuals have access to the financial market. Christine Lagarde Talked About Fintech Potential Financial technology has…

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Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion

Belarus’ general prosecutor has raised concerns about the role cryptocurrency could be playing in tax evasion, local daily news outlet TUT.by reported on June 4. Speaking as Belarus hosted the International Prosecutors Association’s regional conference, Aleksandr Konyuk said the time had come for all attendants’ authorities to study cryptocurrency use. Belarus had become one of the first countries in the area to…

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Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7. In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate…

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Republic of San Marino Issues Regulatory Policies on Tokens, Token Offerings

The captains regent of the Republic of San Marino, Nicola Selva and Michele Muratori, have issued a governmental decree on blockchain tech for businesses, according to a recent document. The new decree outlines procedures for registering a blockchain-based organization with the “Istituto per l’Innovazione della Repubblica di San Marino,” or San Marino Innovation Institute. According to the decree, blockchain-based organizations…

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Former Strategic Executive at Dell and the NBA Joins Exchange Platform Binance

Cryptocurrency Exchange giant Binance announced on June 5 via a press release that it has recruited a former strategic executive at Dell and the National Basketball Association(NBA), Gin Chao as its new global strategy officer. The recruitment of the experienced strategist will help the organization maintain its position as one of the leading exchanges in the world. Developing…

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