Latest Dlt News

  • Payiza is Launching DLT-based Digital Banking Platform
    Payiza is Launching DLT-based Digital Banking Platform
    [PRESS RELEASE – Please Read Disclaimer] Imagine an emergency where the funds you need to pay are available ‘only in crypto’.
  • Gibraltar updates DLT framework to comply with FATF rules
    Gibraltar updates DLT framework to comply with FATF rules
    Once again, Gibraltar is taking the lead in crypto regulations. The Gibraltar Financial Services Commission (GFSC) has updated its regulations governing the operation of distributed ledger technology (DLT) providers to include the latest Financial Action Task Force (FATF) rules.  The GFSC said this is in response to blockchain’s fast-moving nature, especially as the agency seeks to support companies while protecting consumers. The updated guidance notes includes the latest FATF recommendations around virtual asset service providers (VASP) and the ‘Travel Rule,’ which requires VASPs to collect and transfer customer information in transactions.
  • By 2024, EU will put in place a comprehensive framework on DLT, crypto-assets
    By 2024, EU will put in place a comprehensive framework on DLT, crypto-assets
    Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border pay The post By 2024, EU will put in place a comprehensive framework on DLT, crypto-assets appeared first on AMBCrypto.
  • Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
    Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
    The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country.
  • China’s national blockchain project to support DAML smart contract language
    China’s national blockchain project to support DAML smart contract language
    Digital Asset’s DAML will connect diverse blockchains on a national DLT project in China. The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language. Red Date Technology, a major tech company involved in the BSN's development, will add support for DAML — a smart contract language developed by American blockchain startup Digital Asset. Announcing the news on Sept.
  • Breaking free from global liquidity silos: New technology changes the game
    Breaking free from global liquidity silos: New technology changes the game
    The institutional adoption of digital assets and DLT is a clear signal that a new model for trading, ready to break down liquidity silos, is emerging. Economists, pundits, institutions and investors often talk about the global financial system.
  • A minster's look at healthcare: Providing fertile ground for blockchain innovation
    A minster's look at healthcare: Providing fertile ground for blockchain innovation
    Further breakthrough deployments of DLT solutions have the potential to strengthen healthcare systems globally. The strain placed on healthcare teams and networks over the past few months has been severe, pushing dedicated medical professionals to the limit as they work tirelessly to combat COVID-19 in communities around the world.
  • DLT tracking partnership to fight fake diamonds in China
    DLT tracking partnership to fight fake diamonds in China
    Everledger’s partnership with JD.com will allow buyers in China to purchase diamonds knowing their origins. DLT supply chain firm Everledger is partnering with local Chinese diamond sellers to ensure customers only receive genuine gemstones. In an Aug.
  • ConsensSys Acquires JPMorgan’s Blockchain Platform Quorum
    ConsensSys Acquires JPMorgan’s Blockchain Platform Quorum
    As a part of a larger deal, the blockchain-oriented company ConsenSys has acquired JPMorgan's DLT platform Quorum.
  • Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions
    Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions
    The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit its public sector.
  • Goldman Sachs Is Hiring a New VP of Digital Assets
    Goldman Sachs Is Hiring a New VP of Digital Assets
    Goldman Sachs has put the word out it is seeking a new VP in the London-based Digital Assets team within its Global Markets Division. Investment banking giant Goldman Sachs is hiring a new vice president in the Digital Assets team within its Global Markets Division in London. According to a recent job posting on the investment firm’s website, the new VP will work with the Digital Assets team in “defining and executing Goldman Sachs’ distributed ledger technology (DLT) and blockchain efforts firmwide, including any potential initiatives in the cryptocurrency space.” The role requires that any applicants be able to identify opportunities where blockchain and DLT digital assets can add value. The current global head of digital assets for Goldman Sachs is Mathew McDermott, who assumed the role on Aug.
  • Colombian Technology Ministry Endorses Blockchain and Crypto
    Colombian Technology Ministry Endorses Blockchain and Crypto
    Colombian public entities have identified ten areas that would benefit from blockchain solutions. The Colombian Ministry of Information Technology and Communications, or MinTIC, released a first-of-its-kind draft of a guide that calls for the public sector to adopt blockchain technology, including crypto payment-related matters. In the Guide for the use and implementation of Distributed Ledger Technology (DLT/Blockchain) in the public sector, MinTIC explains the advantages and disadvantages of implementing DLT within projects related to public entities. The Ministry also pointed out the country "is lagging" in adopting blockchain technology, citing the European Union countries, China, the United Arab Emirates, the United States, and Canada. The organizations behind the guide — which includes ViveLab Bogota, Universidad Nacional de Colombia, Bogotá City Hall, and the National — proposed ten solutions that could be implemented: payments in crypto, land registration, voting, identity data management, supply chains, health records, business records, filing of academic degrees and management of taxes and public tenders. Such solutions aim to remove third-party involvement within the security infrastructure using blockchain technology, which increases the "confidence and transparency" in the data management. Citing Satoshi On the section about cryptocurrencies, the MinTIC quotes the draft "Bitcoin: A Peer-to-Peer Electronic Cash System" — published in 2008 by the person or persons who created Bitcoin (BTC), Satoshi Nakamoto — to explain that such solution expects "to ensure the consumers' protection who invest in cryptocurrencies." There have been attempts to regulate the crypto environment in Colombia, although they were seemingly unsuccessful.
  • Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags
    Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags
    Federal Reserve Board Governor Lael Brainaird announced that the United States Federal Reserve is currently experimenting with blockchain and DLT in pursuit of its central bank digital currency (CBDC) or digital dollar.
  • Blockchain Investments Fell 63% Due to Pandemic
    Blockchain Investments Fell 63% Due to Pandemic
    After heavy funding cuts for blockchain this year, Global 2000 companies are looking to DLT to regain a competitive advantage in the post-coronavirus landscape. Professional services firm KPMG has published a report predicting that blockchain will be one of five emerging technology sectors to see increased investment from enterprises over the next 12 months. Titled Enterprise Reboot, the report was compiled by KPMG International and HFS Research.
  • Blockchain Firm Says Banks Need DLT to Manage Identities Better
    Blockchain Firm Says Banks Need DLT to Manage Identities Better
    Blockchain firm HashCash plans to create a federated and sovereign digital identity architecture to be used in banking processes. Blockchain firm HashCash Consultants claims that banks are "chief arbiters" of people's identities, and need blockchain technology to do it better. According to an Aug.
  • USDA Proposes Blockchain Ledger for Organic Product Supply Chain
    USDA Proposes Blockchain Ledger for Organic Product Supply Chain
    The USDA’s Agricultural Marketing Service is proposing the department utilize DLT to trace the supply chain of organic products. The US Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain. According to an Aug.
  • Goldman Sachs Explores Its Own Stablecoin
    Goldman Sachs Explores Its Own Stablecoin
    New pro-blockchain head of digital assets at Goldman Sachs expressed favoritism regarding a DLT-based digital economy and hinted that the bank is exploring a stablecoin launch. The post Goldman Sachs Explores Its Own Stablecoin appeared first on CryptoPotato.
  • Coca-Cola Embraces DLT and Ethereum for Supply Chain Efficiency
    Coca-Cola Embraces DLT and Ethereum for Supply Chain Efficiency
    The partner of Coca-Cola’s largest US-based bottling company is expanding its use of blockchain to enhance efficiency across the beverage company’s supply chain. Coke One North America (CONA), a partner of the largest US-based Coca-Cola bottling company, will use The Baseline Protocol to enhance transparency and reduce friction in “cross-organization supply chain transactions.” The project will see CONA partner with distributed ledger technology (DLT) firms and Baseline Protocol founding members Unibright and Provide to establish a “Coca-Cola Bottling Harbor” — allowing streamlined transactions among both internal bottler-suppliers and external suppliers of raw materials. Coca-Cola bottlers expand blockchain adoption On August 3, Unibright announced CONA’s plans to expand its use of blockchain technology across its supply chain. The announcement notes that the 12-largest North American Coca-Cola bottlers began using a Hyperledger Fabric-based blockchain platform for internal supply chain management last year, driving increased “transparency and efficiency” in bottlers’ intricate supply chains. The new project will see CONA expand its use of DLT beyond its internal network to incorporate external suppliers, such as raw material vendors distributing cans and bottles. In addition to facilitating untamperable data recording and “complex inter-organization business process automation,” the announcement notes that the Baseline Protocol can be deployed for asset token and decentralized finance (DeFi) use-cases.  CONA expects to publish results in Q4 Data will be ‘baselined’ to the Ethereum (ETH) mainnet to create “an integrated, private, distributed integration network” for CONA. Speaking to Cointelegraph, ConsenSys developer and Baseline Protocol co-founder John Wolpert described ‘baselining’ as “a technique for using the public Ethereum Mainnet to maintain consistency between different records and systems of r
  • DLT Passport, Scammers Preying on Retirement Funds + More News
    DLT Passport, Scammers Preying on Retirement Funds + More News
    Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain and DLT news ShareRing, an enterprise-ready platform using distributed ledger technology, has launched the first private contact-tracing passport that can be integrated with e-visa on arrival systems
  • Blockchain Is Key to Future 'Hyperconnected Economy,' Say Researchers
    Blockchain Is Key to Future 'Hyperconnected Economy,' Say Researchers
    According to a report by market research firm HFS Research, blockchain technology will play a decisive role in establishing the future “hyperconnected economy.” According to a report by market research firm HFS Research, blockchain technology will play a decisive role in establishing the future “hyperconnected economy.” A report excerpt recently released by HFS for Big Four auditing EY suggests that “we are hurtling toward a hyperconnected economy, and blockchain will provide the way to make it happen.” Blockchain facilitates large-scale collaboration The report explains that entire ecosystems are being developed across the services offered by different organizations.
  • Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market
    Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market
    Malaysia’s national stock exchange, Bursa Malaysia will conduct a blockchain Proof-of-Concept (PoC) dubbed "Project Harbour" to explore the DLT management of the country’s bonds market.
  • Eftpos Australia Launches DLT Micropayments Pilot With Hedera
    Eftpos Australia Launches DLT Micropayments Pilot With Hedera
    Australia’s leading point-of-sale technology provider, Eftpos, is launching a proof-of-concept exploring DLT-powered micropayments in partnership with Hedera. Eftpos Australia, the country’s leading point-of-sale technology provider, has announced a partnership with distributed ledger technology (DLT) firm Hedera to conduct a micropayments proof-of-concept using an Australian dollar stablecoin. Eftpos chief executive Stephen Benton described the collaboration with Hedera as part of a broader digital payments innovation strategy intended to modernize Australia’s payment sector. The pilot aims to demonstrate how micropayments can be used to offer innovative payment solutions, such as “pay per page content or streaming services on a pay-per-second basis.” The proof-of-concept will be powered by an Australian dollar stablecoin through Hedera’s consensus service. Speaking to Cointelegraph, Robert Allen, an ecex at Eftpos and the deputy chair of Blockchain Australia, described the proof-of-concept as part of a diversification strategy the firm has been developing “over the last year or two.” “Diversification for Eftpos means getting on the front foot in terms of the future, it's about how innovation is flooding into the payments space, and how we can stay one step ahead of all of that,” Allen said. Allen said that Eftpos sought to partner with Hedera a few months ago due to their “professionalism, enterprise-grade technology, and growing governance council.” “You can’t really argue against a governing council that are actually part-owners of a company, [and] that includes Google, FIS, Boeing, Tata, Deutsche Telekom and the list goes on,” he added. DLT micropayments to disrupt economy Allen discussed some of the applications that the payments firm envisages for its stablecoin-powered micropayments system in the future, emphasizing opportunities for “pay-per-view on a page-by-page basis” and “getting behind paywalls a
  • Hedera Hashgraph Chief Scientist Dr Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet
    Hedera Hashgraph Chief Scientist Dr Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet
    In our exclusive interview with Hedera’s Chief Scientist and Co-Founder Dr Leemon Baird, Blockchain.News gets the details on how Hedera Hashgraph achieves Asynchronous Byzantine Fault Tolerance, the growing Hedera Governing Council and the use of the Hedera Hashgraph DLT to prevent coupon fraud.
  • Gibraltar Gov't Partners With Post-COVID DLT Hackathon
    Gibraltar Gov't Partners With Post-COVID DLT Hackathon
    Gibraltar Finance, the business development arm of Gibraltar’s government, will provide support to the forthcoming Post-COVID Hackathon. Gibraltar Finance has been announced as an official partner of the upcoming Post-COVID Hackathon — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era. The event is expected to see participation from hundreds of teams internationally building in the distributed ledger technology (DLT) sector, with over 200 industry experts slated to assist participants. Albert Isola, Gibraltar’s Minister for Digital and Financial Services, expressed pride in the government’s involvement with the hackathon, stating that “the COVID-19 pandemic has brought with it a range of new global challenges.” “I am excited and look forward to seeing the dynamic solutions that will arise from this initiative, geared towards helping global communities adjust to the post-pandemic world.
  • Hedera Hashgraph in Micropayments, Avalanche Raises USD 42m + More News
    Hedera Hashgraph in Micropayments, Avalanche Raises USD 42m + More News
    Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain and DLT news Distributed ledger company Hedera Hashgraph (HBAR) has started a collaboration with Australia’s debit card system eftpos on a micropayments proof-of-concept.
  • Copper Becomes Latest Crypto Firm to Use Signature Bank's Signet
    Copper Becomes Latest Crypto Firm to Use Signature Bank's Signet
    The integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in US dollars and other fiat currencies. United Kingdom cryptocurrency custodian Copper announced support for United States dollar transfers through Signature Bank’s Signet blockchain payment platform. According to an announcement on July 20, the integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in US dollars and other fiat currencies. The integration will “vastly reduce the time and other issues that asset managers face in transferring traditional currencies” between bank accounts and trading environments.
  • Transparency of Russia’s Blockchain Voting Setup Put Under a Microscope
    Transparency of Russia’s Blockchain Voting Setup Put Under a Microscope
    Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter. From June 25 to July 1, the Russian government held a public vote with the goal of finding out whether the country’s constitution should be amended.
  • CFTC Committee to Hold Virtual Meeting on Digital Currencies and DLT
    CFTC Committee to Hold Virtual Meeting on Digital Currencies and DLT
    The CFTC has scheduled a virtual meeting for Thursday, July 16th where its Technical Advisory Committee will discuss matters around on cryptocurrencies and DLT. (Read More)
  • Tim Draper: Tokenize Masterpieces to Disrupt the Art Auction Duopoly
    Tim Draper: Tokenize Masterpieces to Disrupt the Art Auction Duopoly
    Venture capitalist and Bitcoin investor Tim Draper believes that blockchain technology is driving much-needed disruption in the art industry. Famed Silicon Valley and crypto investor Tim Draper believes that distributed ledger technology is transforming the art industry. Speaking to Cointelegraph, Draper emphasized the benefits that many of the core utilities of DLT offer to the art sector, such as immutability, transparency, and traceability: “People are going to be able to tokenize their art, and that will make buyers of art more secure in their purchase decision, and make artists happier about knowing where their art is and who owns it.” Fractional ownership disrupts art industry Draper also noted the emergence of “a cottage industry growing for people to own shares in masterpieces and have it stored or ‘rented’ by people who want to put it on display but can’t afford to buy it outright.” The investor predicts that DLT will drive a revolution in how art is bought and sold, emphasizing the potential for greater decentralization to upend the long standing hierarchy in the art industry. “I suspect that Sotheby’s and Christie’s have had their duopoly long enough, and now there is an opportunity for an upstart to break into the art world with a new approach around the blockchain,” he said. “Blockchain will make art trading more flexible and more secure.” Charity art auction for COVID019 On June 25, Draper delivered a keynote address for Art&Co, the world’s largest online auction in support of COVID-19, on the subject of the intersection between art and DLT. “It’s a partnership made in heaven,” said Draper. “
  • CFTC Committee to Hold Remote Meeting on DLT and Digital Currencies
    CFTC Committee to Hold Remote Meeting on DLT and Digital Currencies
    An upcoming US Commodity Futures Trading Commission, or CFTC, advisory group meeting will host talk on a number of topics, including Distributed Ledger Technology, or DLT, digital assets and trading.
  • DLT Voting Would Likely Benefit Democrats: UNSW Professor
    DLT Voting Would Likely Benefit Democrats: UNSW Professor
    Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed. Richard Holden, an economics professor at the University of New South Wales Business School, says using distributed ledger technology could allay Republican concerns over mail-in voter fraud — but would likely benefit the Democratic Party.  Holden spoke at the Unitize conference on July 9 on The Law and Economics of Blockchain.