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Why Blockchain Is the Right Fit for Gold and Diamonds

This week, two major news within the precious metals industry broke. First, the world’s largest diamond company, Russia’s Alrosa, joined a blockchain project aimed at increasing transparency. Secondly, the world’s largest bank, JPMorgan, reportedly started to use its blockchain to tokenize gold.Indeed, blockchain has been pioneering both gold and diamond industries — complex ecosystems that […]
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Canada Border Agency to Pilot IBM-Maersk TradeLens Blockchain Platform

 The Canada Border Services Agency (CBSA) has become the latest entity to trial a blockchain shipping solution developed by IBM and Maersk, a press release confirmed Thursday, Oct. 25.TradeLens, which creators unveiled in August this year after a 2017 pilot, aims to simplify logistics processes.The first such border agency to investigate the platform, CBSA will […]
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An AMA on the Future of Blockchain and Cryptocurrency: With IBM …

On Monday, October 22, 2018, from 6:00 to 7:00 EST, we’re hosting a special livestream crypto conversation with George Tung from the CryptosRUs YouTube channel and Jesse Lund from IBM Blockchain. George and Jesse will be answering questions from the r/CryptoCurrency subreddit. Jesse will be live from Sibos, one of the world’s premiere financial services […]
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Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019

Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21.The system, dubbed Visa B2B Connect, will provide a blockchain-based digital identity solution for financial institutions to securely process cross-border payments. The system reportedly tokenizes sensitive business data – […]
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The Race for the Cross-Border Payments Market

Competition in the business of facilitating cross-border payments has just gotten tighter. Until recently, the primary fintech challenger to the reigning SWIFT international payment system has been Ripple Labs and its various products designed for the institutional banking sector. The first week of September saw the game-changing news break, as IBM announced promotion of its DLT-powered […]
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IBM Introduces ‘World Wire’ Payment System on Stellar Network

IBM has launched a blockchain-based payment system called Blockchain World Wire. According to IBM, the new payment network uses digital currency on Stellar’s blockchain to “clear and settle cross-border payments” in near real time.The Stellar network is a distributed, blockchain-based ledger that facilitates cross-asset transfers of value. Like Ripple, Stellar can handle exchanges between fiat-based […]
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Bank of America Applies for Blockchain-Based Encrypted Crypto Storage System Patent

The U.S.’s second-largest bank, Bank of America (BofA), has applied for another blockchain patent on the development of a secure crypto storage system, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) August 23. The patent, entitled “Block Chain Encryption Tags,” describes a system of recording and storing cryptocurrency-related transactions […]
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