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Why the project execution will always prevail any underlaying technology in a project’s success.

Maersk, the shipping firm, recently announced that it would be shutting down its five-year-old blockchain project TradeLens, a joint initiative with IBM. The Global Shipping Business Network (GSBN), which is backed by COSCO Shipping Lines, Hapag Lloyd, and six other companies, is considered to be TradeLens’s main competitor. Bertrand Chen, the CEO of GSBN, shared […]

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How big banks promote blockchain tech with a new €100M digital bond issuance

Goldman Sachs recently launched its digital asset tokenization platform, GS DAP. The platform’s first transaction was the issuance of a €100m ($104m) digital bond for the EIB (European Investment Bank) on the private GS Blockchain. This is EIB’s second digital bond issuance, and like the previous one, it also involved Santander, Goldman Sachs, Société Générale,

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How decentralisation ushers in a new era for financial markets, full of promise

The Monetary Authority of Singapore (MAS) announced last month that the first industry pilot under MAS’ Project Guardian, a project that explores potential decentralised finance (DeFi) applications in wholesale funding markets, had just completed its first live trades. Under the first pilot, DBS Bank, JP Morgan and SBI Digital Asset Holdings conducted forex and government

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Recent hacks might suggest Web3 is not that secure. Really?

A complete switch to Web3 will require careful consideration of many factors, especially when you consider the promises of decentralised internets using public blockchains. Security is the most important feature of all, as Web3-powered tools and apps hosted on the blockchains become more and more mainstream. Although the blockchains are indeed invulnerable to hackers (except

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PepsiCo partners with Security Matters, a blockchain-based firm for plastic recycling

PepsiCo Labs announced that it would collaborate with six startup companies to improve sustainability within its European supply chains. Security Matters, one of the startups mentioned, utilizes blockchain technology to sort, identify and package waste. PepsiCo plans to use Security Matters’ invisible marker system for waste sorting in order to verify its sustainability claims and

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Greek Blockchain specialists develop a genetic barcode that protects against fraud in olive oil production

A team of experts in biotechnology and blockchain from Greece has used olive oil DNA to create a unique genetic barcode that is fraud-proof for every bottle. BioCoS is a Crete-based biotech firm that develops DNA-based traceability options for food products. It has created DNAblockchain, an antifraud traceability tool and claims it will ensure the

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SmartLedger and Rick Dutchcousin announce entertainment blockchain education initiative

This initiative will empower content creators to create new revenue streams, engage directly with fans and protect their intellectual property. SmartLedger – Rick Dutch Cousin, the leading global blockchain distribution channel and prolific writer, composer and producer announced today a new initiative that aims to educate and empower artists, musicians and content creators on the

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Superintendent Adrienne A. Harris announces new DFS regulatory guidance on the issuance U.S. dollar-backed stablecoins

Superintendent Harris said that New York State Department of Financial Services approved the first USD-backed stablecoins for issuance in New York in 2018. Since then, regulated entities must meet strict reserve requirements and perform routine attestations in order to ensure stability and protect the consumers. The new guidance notably states that clear, conspicuous redemption strategies

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