Latest DLT News

  • This Is What EU Wants From Blockchain and DLT
    This Is What EU Wants From Blockchain and DLT
    European Union recently rewarded six blockchain / distributed ledger technology (DLT) projects, showing its interest in teams that aim to solve sustainability challenges. The European Innovation Council (EIC), has awarded EUR 5 million (USD 5.7 million) to six winners of its call to propose ideas for "scalable, deployable and high-impact blockchain solutions for
  • Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0
    Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0
    Blockchain is a revolutionary technology swiftly disrupting many industries, and it could answer some of the most pressing efficiency concerns in the corporate world today. Digital technologies are entering every aspect of our life at a steady pace.
  • Algorand Joins Blockchain Gaming Alliance After Bringing Chess to DLT
    Algorand Joins Blockchain Gaming Alliance After Bringing Chess to DLT
    Algorand to provide creation of nonfungible tokens for the gaming industry within the Blockchain Game Alliance. An American blockchain technology startup, Algorand, has joined a major blockchain gaming association, the Blockchain Game Alliance, or BGA. Algorand, known for providing technology to a number of national digital currency projects, is now officially a BGA member.
  • Public Mint Launches, Announces 200 Banks Are On Board
    Public Mint Launches, Announces 200 Banks Are On Board
    Public Mint wants its tokenized fiat currencies to power DeFi-like open financial applications. Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development. The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks. Public Mint claims to have already partnered with a network of more than 200 banks to hold the funds backing its fiat token network.
  • Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan
    Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan
    China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech. According to an announcement published on July 1, the plan seeks to “promote theoretical innovation, technological breakthroughs, [...] talent cultivation,” and “create new economic growth.” The government will provide continued financial support for the plan throughout its course. Beijing wants to host DLT unicorns The Beijing Blockchain Innovation Development Action Plan 2020–2022 outlines the city’s intent to solidify itself as a global leader in both private blockchain innovation and public DLT deployment by the end of the next year. Fostering a good business climate for blockchain innovation is cited as a top objective of Beijing, with “cultivating a group of unicorn enterprises” listed among the plan’s goals. To promote innovation, the city will establish a “blockchain industry innovation development base” spanning the city's top districts for financial and technological innovation.  Beijing also plans to promote the establishment of standards of practice for the blockchain sector. The city hopes to “cultivate a group of unicorn enterprises and leading enterprises with global influence” through its initiatives. Beijing to establish blockchain research institutes The plan outlines initiatives to support research in key areas relating to DLT — including cryptography, high-performance computing and chip technology. Beijing will establish a blockchain-focused research and development institution that will work closely with China’s existing research institutions and universities.
  • ASX Under Pressure to Further Delay Rollout of DLT Settlement System
    ASX Under Pressure to Further Delay Rollout of DLT Settlement System
    The blockchain-based clearing and settlement system from Australia's biggest stock exchange faces further delays if unhappy firms get their way.
  • Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future
    Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future
    Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Switzerland’s existing tax law is applicable to developments in the blockchain industry, the Swiss Federal Council said. According to the federal authority, Switzerland does not need to amend its existing tax legislation in regard to blockchain and distributed ledger technology, or DLT. No legislative action is necessary regarding blockchain industry In a June 19 meeting, the Federal Council has addressed a report on the need to amend Switzerland’s tax law in response to DLT and blockchain developments.
  • What Recent Developments in the Fintech Space Mean for Our Future
    What Recent Developments in the Fintech Space Mean for Our Future
    There have been several significant movements forward for digital assets, and there are more to come.
  • Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC
    Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC
    Sweden's central bank just released a massive report on central bank digital currencies.
  • Blockchain as an Infrastructure: A Deep Dive Into China’s DLT Strategy
    Blockchain as an Infrastructure: A Deep Dive Into China’s DLT Strategy
    China is not playing catch-up, but rather exploring aggressively pragmatic ways to deploy a digital infrastructure for the whole economy with the blockchain tech implementation. There is an old saying in China: “Building the road is the first step to becoming rich.” Asian countries use infrastructure to boost the economy, and China is probably the most aggressive one — its annual average infrastructure spending is one of the highest at 8.3% of its gross domestic product from 2010 to 2015, according to data from Statista. In the last two decades, China has built the most highways and high-speed railways, and it has now decided to extend the infrastructure development to a digital dimension.
  • Bitcoin.com Exchange Announces Listing of New Digital Asset BUY by Burency
    Bitcoin.com Exchange Announces Listing of New Digital Asset BUY by Burency
    Bitcoin.com Exchange is thrilled to announce the upcoming listing of a new digital asset on the 20th of August 2020 at 10:00 UTC.
  • Chinese Tech Giant Tencent Files New Slew of Blockchain Patents
    Chinese Tech Giant Tencent Files New Slew of Blockchain Patents
    Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions. Tencent has been expanding its research into blockchain, with the firm registering a series of patents detailing distributed ledger technology (DLT)-based solutions for fund management, and advertising. Chinese media outlet Egsea reported the patents on June 18, noting that the filings also included blockchain-based consumer applications, hardware devices, and media storage systems. The recent filings come as blockchain sees increasing enterprise adoption in the areas of cloud, artificial intelligence and internet-of-things (IoT). Tencent continues amassing DLT patents The new filings will extend Tencent’s presumed dominance in the number of blockchain patents held. In April, media outlet China Banking News reported that Tencent had amassed more patents in 2019 than any other firm, having filed for 718 during last year alone.  With the report estimating that 5,800 patents for blockchain technologies were filed in 2019, Tencent represents 12.4% of all patents filed last year. Tencent invests heavily in blockchain In May, Tencent announced that it plans to invest $70 billion into emerging technologies over the next five years, with blockchain named alongside cloud computing, artificial intelligence and IoT as prioritized sectors. The following week saw Tencent announce its intent to establish a 100-member blockchain alliance by the end of 2020.
  • Baseline Co-Founder Says Crypto Is 'Pre-CompuServe' an Still in Its Early Days
    Baseline Co-Founder Says Crypto Is 'Pre-CompuServe' an Still in Its Early Days
    The co-founder of the Baseline Protocol believes that crypto is still 15–20 years away from finding significant mainstream adoption. ConsenSys developer and Baseline Protocol co-founder, John Wolpert, has predicted that we may still be decades away from seeing wholesale mainstream adoption of crypto assets and distributed ledger technologies. “My personal point of view is that these things tend to run in 20-year cycles,” Wolpert told Cointelegraph. “Everybody who's running companies today needs to retire.