VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a leader in digital logistics and payment solutions, is pleased to provide an update on a strategic commercial relationship (dated May 5, 2019) between its wholly owned subsidiary uBUCK Technologies SEZC (“uBUCK”) and Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF) (“Datable”).
Malta has welcomed cryptocurrency with open arms for the last two years—so much so, that several major crypto-related operations have set up shop there. In a bid to become the world’s greatest blockchain island, the company has brought major Asian exchanges Binance and OKEx, as well as Indian exchange Zebpay to its shores.
According to French financial publication Les Échos, software giant Ubisoft is exploring potential blockchain applications in gaming. The move to blockchain is said to give the gaming firm a competitive edge in the gaming world.
It was always going to happen. As the blockchain sector evolves, more companies will start merging into it. And this week, that’s precisely what British insurer Legal & General did.
It helps the cryptocurrency sector when the broader world begins to utilize the digital assets’ underpinning technology. Of course, I’m talking about blockchain technology. Therefore, it’s a great push for the decentralized asset when technology giant Microsoft clearly becomes a huge advocate for blockchain.
According to a study executed by Gartner, 90% of the blockchains in use today will be obsolete or need complete replacing in only a couple of years. The Gartner blockchain study doesn’t sound too good, but it’s not all bad news.
The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers.
VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK Tech”) will be launching Streambucks in July 2019, a digital payment platform dedicated to electronic sports (Esports) gaming.
VANCOUVER, British Columbia, May 13, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF)(OTC:LLNKF), a leader in digital logistics and payment solutions, has announced that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”) has signed a letter of intent (LOI) with Datable Technology Corp. (TSXV: DAC) (OTC: TTMZF) (“Datable”) to enter into a strategic commercial relationship.
On Monday, May 6, media agency Mindshare said a Pepsi blockchain trial has been carried out and that it brought a 28% boost in supply chain efficiency. At the time of writing, PEP stock is down less than 1%.
On May 2, CNBC published an interview with Nikhil Rathi, the CEO of the London Stock Exchange, a 300-year old trading venue. In the interview, Rathi gave hints that the LSE is looking at blockchain technology.
Amazon has made it into the blockchain industry, and on April 30, the company announced that its subsidiary Amazon Web Services was launching its Amazon Managed Blockchain (AMB).
South Korean tech giant Samsung is reportedly developing its own blockchain network. It’s expected the venture will lead to a Samsung token in the near future.
American investment and commercial banking giant JPMorgan Chase is looking forward to expanding the use of its leading blockchain technology, IIN (Interbank Information Network), to make payments in the banking industry easier and better. At the same time, it is also roping in various fintech firms to help with the platform’s functionality.
According to media site Globes, the team behind blockchain smartphone Finney has laid off a quarter of its workforce. Sirin Labs has let go of 15 team members after overestimating sales of its innovative device.
A new blockchain-focused venture capital fund called Proof of Capital has been established by a group of investors. The aim of the $50 million USD fund is to encourage further adoption of blockchain technology.
Blockchain technology is a critical infrastructure for the existence of cryptocurrency and arguably one of the reasons why cryptocurrencies exist. The two are different, but they are essentially part of the same system.
When people see blockchain, the first thing they probably think of is cryptocurrencies and Bitcoin. No doubt blockchain has been thrust into the limelight by the unprecedented popularity of Bitcoin and the universe of cryptocurrencies, but blockchain is more than just a technology used in transactions.
It’s a bullish day in the cryptosphere. Paypal makes a blockchain investment and Bitcoin jumps above $5,079 USD.
Blockchain technology has many uses. Mostly synonymous with the financial sector and for crypto trading, it might surprise some to learn that the fashion industry has found a clever use for the technology. Dubbed the AURA blockchain, luxury brand conglomerate and owner of the Louis Vuitton fashion label, LVMH, has developed the LVMH blockchain.
According to experts from tech consultancy, Booz Allen Hamilton, the renewable energy markets across the Gulf Cooperation Council (GCC) can be made more secure and cost-efficient using the blockchain.
VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries. uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman Enterprise City for fintech companies. uBUCK Tech has begun development for uBUCK Pay, an online payments platform and pin voucher solution that serves as a payment alternative for consumers, businesses and merchants. The solution will allow uBUCK Pay account holders to make online payments and send worldwide transfers within minutes without any transfer fees. Pin vouchers may be purchased within the uBUCK Pay app or at participating resellers with or without a credit card.
According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain.
Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research.
Computer giant IBM has successfully completed another blockchain trial with the help of 28 tons of mandarin oranges.
A Dragonchain partnership was announced earlier today. The blockchain leader is partnering with Hurify Digital Markets to revolutionize decentralized IoT and blockchain development.
South Korean app provider, Kakao, has helped to raise over $15 million in cryptocurrency for Orbs, a hybrid blockchain platform.
The excitement of late in blockchain has centered around a particular blockchain phone. A first of its kind, this phone has crypto nerds alike beaming with joy; the idea of decentralized apps running on your phone is exciting, and that’s before we consider all the crypto possibilities.
US automotive and life insurance group State Farm is now testing blockchain technology to potentially speed up auto claims. The company announced the new pilot for its blockchain-based subrogation platform on its website yesterday.
The US Government has just released an announcement that it is offering grants up to $800 thousand for the development of a blockchain-based anti-forgery solution. The US Department of Homeland Security is focusing its blockchain efforts on enhancing its capabilities of spotting fake documentation.
The grad school for the United States Air Force just developed a tool to help supply chain professionals learn about blockchain. The US Air Force Institute of Technology (AFIT) released its free tool in hopes of advancing the current infrastructure built around supply chain management.
It seems that blockchain ventures are popping up almost by the day. In order to promote understanding and regulation of blockchain and distributed ledger technologies (DLT), a ‘Blockchain for Europe’ Association has formed.
The US Healthcare system may finally be taking steps in the right direction. Aetna recently announced that it has joined a newly formed blockchain alliance, along with Ascension. Five other healthcare giants in the US are already piloting blockchain technology.
South Korea has just become the first East Asian country to legalize medical marijuana. But it may be the second to put voting on the blockchain. Japan is already trialing the technology to allow citizens …
The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years.
On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model—thus a private blockchain.
A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, …
A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, Great Britain-based Standard Chartered, and nine other major banks.
Samsung SDS, the blockchain subsidiary of the tech giant Samsung, has just announced its partnership with Europe’s largest port, the Port of Rotterdam. In addition to this agreement, the Major Dutch bank, ABN AMRO, will …
Multiple journalism outlets have started to incorporate cryptocurrency and blockchain into their business models, which isn’t surprising; we knew this was coming. Back in July, Forbes magazine included crypto players in its ’40 under 40′ …
According to the Maltese Prime Minister, Joseph Muscat, cryptocurrency is the “inevitable future of money.”
Blockchain technology is becoming a firm favorite for government economies across the globe. Austria is the latest country to speak of its desire to implement the technology. Austria will use Ethereum’s blockchain, but for what?
Blockchain technology is becoming a firm favorite for government economies across the globe. Austria is the latest country to speak of its desire to implement the technology. Austria will use Ethereum’s blockchain, but for what? …
The Linux Foundation is a non-profit organization which, according to its website, “supports the creation of sustainable open source ecosystems by providing financial and intellectual resources, infrastructure, services, events, and training.” The organization aims to provide an array of blockchain courses, catering to a job demand.
The Linux Foundation is a non-profit organization which, according to its website, “supports the creation of sustainable open source ecosystems by providing financial and intellectual resources, infrastructure, services, events, and training.” The organization aims to …
A Canadian body called The National Research Council of Canada (NRC) announced on Monday, August 20th, that it has built an Ethereum blockchain explorer. The NRC manages a Canadian-government-funded research program named the Industrial Research …
A Canadian body called The National Research Council of Canada (NRC) announced on Monday, August 20th, that it has built an Ethereum blockchain explorer. The NRC manages a Canadian-government-funded research program named the Industrial Research Assistance Program (IRAP) and it is this program which is hosting its own Ethereum blockchain explorer.
The Union of European Football Associations (UEFA) has made quite the revolutionary announcement today. No, Lionel Messi has not quit football or anything like that, rather the announcement revealed the new UEFA ticketing system.
Capital firm Golden Gate Ventures (GGV), based in Singapore, is planning to launch a $10 million USD fund exclusively for blockchain and cryptocurrency investments. The fund will be accessible for cryptocurrency start-ups as well as …
In the United States shipping and logistics accounts for nearly $1.5 trillion each year. With networks of producers, shippers, and consumers coordinating to access products, inefficiencies are an inevitable industry reality. In an effort to address these problems, companies around the world are working to revolutionize shipping and logistics through the instant and immutable properties of blockchain technology. Technology giants are predicting that traditional enterprise clients will seek to integrate blockchain technology into their businesses in the future. As legacy sales decrease, goliaths like IBM see blockchain as the supply-management tool of choice. The global logistics industry was valued at USD $8.1 trillion in 2015, and as the global economy grows it is estimated that this number will reach USD $15.5 trillion by 2024. Leading logistics and blockchain technology companies such as DMG Blockchain Solutions Inc. (OTC: DMGGF) (TSX-V: DMGI), Descartes Systems Group Inc (NASDAQ: DSGX) (TSE: DSG), Blockstrain Technologies Corp. (OTC: BKKSF) (TSX-V: DNAX), Drone Delivery Canada Corp. (OTC: TAKOF) (TSX-V: FLT) and AXS Blockchain Solutions Inc. (CSE:BAXS) (FRA: C0B) have begun addressing issues within the shipping industry.
Last month, the Korea Blockchain Enterprise Promotion Association was established. While the association is still relatively new, it’s already making major moves. This week, the association called for not only Korean crypto regulation but Korean blockchain regulation as well.
Last month, the Korea Blockchain Enterprise Promotion Association was established. While the association is still relatively new, it’s already making major moves. This week, the association called for not only Korean crypto regulation but Korean …
VANCOUVER, British Columbia, Aug. 03, 2018 (GLOBE NEWSWIRE) — AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in blockchain solution development, is pleased to announce that the board of directors has appointed Ashik Karim as Chief Executive Officer, and a director, effective August 3, 2018. Mr. Karim is currently and will also remain the Chief Executive Officer of Chainlinks Lab Inc., a wholly owned subsidiary AXS Blockchain. Mohammad Ahmad has stepped down as Chief Executive Officer to take on a strategic leadership role as Chairman of AXS.
The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology.
The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology.
July 26, 2018 – Vancouver, British Columbia – AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in developing blockchain business solutions is pleased to announce that it has acquired all of the outstanding share capital of Chainlinks Lab Inc. (“Chainlinks”) for a total consideration of CAD $4,000,000. Chainlinks is a privately held technology company based in British Columbia that focuses on the integration of blockchain-based systems with artificial intelligence (AI) technology within existing legacy businesses.
More and more countries, cities, and states are adopting blockchain technology. Malta already has, and so has Colorado—and for good reasons, too. Many have said that blockchain will one day surpass crypto, being the brains …
A new ride-hailing service has just emerged in Singapore, and it’s the first of its kind. TADA, which means “let’s ride” in Korean, is a blockchain-enabled mobile app that claims it has zero commission fees for its drivers. Let’s learn more about the blockchain powered ride-hailing app TADA.
More and more countries, cities, and states are adopting blockchain technology. Malta already has, and so has Colorado—and for good reasons, too. Many have said that blockchain will one day surpass crypto, being the brains behind the operation. Until then, areas in the world are going to keep exploring the technology. This week, we saw Joseph Lubin, co-founder of Ethereum, talk about the Berlin blockchain development. Not only that, but he called Germany’s capital “the most important city” in the blockchain industry.
Announced this morning via a company press release, the New York-based startup Digital Asset partners with Google. This new collaboration seeks to bring blockchain to Google Cloud.
The European island of Malta, just below Italy and above Africa, is quickly becoming the world’s first blockchain powered island. For the past few months, there have been numerous reports of major blockchain companies and crypto exchanges setting up shop in Malta—but why, why a Malta blockchain island? Opportunity cost.
Musicians have the resources to finance the things they support. Ordinary people try but often fail to have the required funding—which is why we tend to see celebrities investing in crypto and blockchain startups. The latest headline involving a celebrity moving into blockchain is as follows: Peter Gabriel invests in blockchain startup.
Mastercard files blockchain patent: Mastercard has filed another blockchain patent. According to a US Patent and Trademark Office, the company filed the patent July 17. The new patent is aimed at consumer protection and blockchain payment transactions.
Automobile blockchain: Various companies around the world began jumping on the blockchain bonanza last year when cryptocurrency spread like a wildfire in the media and grew in popularity.
Sirin Labs blockchain smartphone: Sirin Labs, the same company that brought Leonardo DiCaprio and Tom Hardy to the London-premier of its ‘world’s most secured phone’ just two years ago, is releasing a more affordable Android phone this November. The company’s latest blockchain-based smartphone endeavor has an even bigger endorsement this time around, the world’s most popular soccer star – Lionel Messi.
Walmart blockchain: Delivery is one of the most challenging aspects of online retail and Walmart is determined to solve its delivery problems with blockchain.
Director of engineering blockchain: Facebook has appointed one of its senior engineers Evan Cheng as its first “director of engineering blockchain”.
Yesterday saw a successful day in Zug — Switzerland’s “Crypto Valley”, as the city completed its first trial municipal vote using blockchain. The success was first reported by the Swiss News Agency.
Steve Wozniak is one of the biggest Bitcoin bulls out there. He has recently stated that he hopes Bitcoin will become the world’s global economy, siding with Twitter founder Jack Dorsey who has forecasted a similar occurrence for the coin:
The People’s Bank of China (PBoC) has just filed a new blockchain patent for a digital wallet. The Digital Currency Research Lab wants to build a wallet that allows users to track their transactions.
Blockchain in Switzerland: It seems that blockchain technology is expected to infiltrate Switzerland’s economy even more-so. Already, the Alpine nation has been known as quite the hot-spot for all things cryptocurrency. But this time it seems that the technology behind blockchain specifically, allows for a real push in technological advancement for the nation.
IBM partners with Mediaocean: IBM’s technology arm, IBM iX, and the advertising software company Mediaocean have partnered to create a blockchain solution and consortium for the advertising industry.
A group of professors at the world-renowned Oxford University are looking to start the world’s first blockchain university, but need the powers of the EU first.
The use of blockchain technology in the financial industry has seemed to be increasing recently, and proof can be found in a recent report in a recent report by the US-based market intelligence company Greenwich Associates.
The use of blockchain technology in the financial industry has seemed to be increasing recently, and proof can be found in a recent report by the US-based market intelligence company Greenwich Associates. Greenwich …
Blockchain technology has shown that it can be beneficial to a multitude of industries, and even governments have been looking into ways to utilize and encourage it.
Edgar Allan Poe, as a writer and poet influenced both American literature and international literature. As a struggling artist (one who never really profited off of his work), Poe influenced one man, hundreds of years after his death, to create the Qravity blockchain platform. The goal of the blockchain platform? To not only allow creators to own their content but to profit from it as well. Something which Edgar Allan Poe was never fortunate enough to do.
Great news for the lovers of blockchain technologies! Day by day, leading DLT-based projects mature, increasing not only the enthusiasm but also the expectations of investors. There are some important Blockchains you should watch out there and we’ve picked our favourites!
Blockchain technology is gaining popularity at a steady rate. In fact, there have been numerous companies, and governments, that have expressed a desire to adopt the technology. This means we see a new piece of blockchain news almost every week. However, things got a little bit more interesting this week, in terms of what blockchain news became “trending” news.
Chinese researchers have cobbled together a report that shows that many blockchain projects don’t last long. According to Bitcoin.com, the report stated that the majority of blockchain ventures average only a little over a year.
Reuters reported on Thursday that Commerzbank and multinational group Thyssenkrupp successfully used the R3 Corda blockchain platform to complete a €500,000 forex transaction. The transaction uses a blockchain to store the entire transaction as a single, invariable record. Participating companies and banks do not have to worry about the reconciliation of transactions, and this greatly reduces transaction delays and manual errors caused by the current reconciliation process.
Monero (XMR) lead Riccardo Spagni, also known as “Fluffypony”, is joining forces with Dan Teree and Naveen Jain. Together, the trio is creating a brand new blockchain that will sell event tickets for the benefit of the event producers. The new venture is called the Tari Blockchain.
2 days ago, Tong Xiaomin- chief engineer of the information center of the Ministry of industry and information, Yu Jianing- director of the industrial and Economic Research Institute, and Luo Zhiyong- the founder of the finance and Economics Institute, jointly prepared a document named as “White Paper of the 2018 China Blockchain Industry”
Over 30 events are going on at the same time at Blockchain week. So significant is this event that the attendance doubled last year’s numbers and the international coverage was so extensive that it even included non-specialized media. These figures show the importance that society is currently giving to blockchain-based technologies.
Microsoft’s New Identity System: Microsoft, the world’s sixth-largest IT company, announced its blockchain-based distributed identification system at Consensus Conference 2018, The identification system is used to monitor cryptocurrencies and the stock market.
Brian Kelly is a household name in the financial world. The Wall Street vet has spoken of cryptocurrencies and blockchain in the past, but now, it appears the investment manager is going all in. How? By starting a blockchain ETF.
Consensus 2018 NYC Blockchain Week – After Bitcoin (BTC) catapulted in price at the latter half of 2017, the world began to take notice of cryptocurrency and its underlying technology the blockchain. At last year’s blockchain week, only 2,700 attendees were reported by CoinDesk. Yesterday, the final attendee count for the first day of the event was over 8,500.
Big things are happening in the crypto and blockchain sector this week. In fact, this week is what the financial industry calls ‘NYC Blockchain Week’ and Consensus 2018 has kicked off. Companies will be announcing various things throughout the week, so stay vigilant; you are not going to want to miss some of these meetings and announcements.
HSBC Holding PLC (NYSE:HSBC) told the press on Monday that is completed the world’s first trade finance transaction using blockchain technology. The incentive? HSBC sees blockchain as a solution to help boost efficiency in the multi-trillion-dollar funding of international trade.
The Netherlands Blockchain Coalition has been presented it’s first Blockchain Research Agenda by its ambassador, Rob van Gijzel, on Tuesday.
Facebook exploring blockchain: There are a number of companies who have implemented blockchain technology in 2018. The latest to do so, however, is Facebook. On Tuesday, word broke that Facebook is making changes to its management team. Specifically, taking the head of the Messenger team and moving him to a new position — head of an internal team dedicated entirely to blockchain.
Congress blockchain meeting: There is a lot of news getting pumped out into the world right now. In the crypto space, however, all eyes are on the Congressional subcommittees that are meeting today, to discuss blockchain.
In 2017, the Massachusetts Institute of Technology (MIT) announced that it teamed up with Learning Machine. Now, the blockchain startup has disclosed that it raised $3M in its latest seed funding round.
Reddit co-founder Alexis Ohanian, in an interview for Fortune, shared his upbeat perspective for the blockchain market. He was quite optimistic about the price predictions, and quite enthusiastic about the general development of blockchain industries, to the extent that he decided to leave Reddit in the sidelines to devote himself entirely to investment in blockchain technologies:
The blockchain sector entered the scene at full-force this year. There was even speculation that the technology would surpass cryptocurrencies in the future. Now, however, a Gartner blockchain survey has indicated otherwise.
The crypto markets may be getting a new investor. On Monday, William Mougayar made the announcement that he will be launching a brand new investment firm, named Blockchain Technology Ventures. The firm is looking to invest in virtual currencies and blockchain startups.
JPMorgan Tests Blockchain Platform: Is Canada taking its interest in blockchain technology to another level? Looks like it. On Friday, JPMorgan Chase announced that it tested a new blockchain platform this week, alongside the National Bank of Canada and other members of the banking industry.
There are a lot of people hopping on the Blockchain bandwagon. That’s not necessarily a bad thing, though. After all, blockchain technology has a number of benefits. In fact, people are even claiming the decentralized technology could help solve the ongoing data crisis. Whether or not that’s true, people have continued to move into the blockchain sphere. And the latest to do so? Three former Google employees who have now created the xGoogler Blockchain Alliance.
In 2007, as the financial crisis took flight, the market was introduced to Bitcoin and blockchain. Both were supposed to be the markets savior, and, for a while, Bitcoin and blockchain did the job. Now, however, we have entered into a new crisis: a data crisis. So the question on everyone’s mind is, can blockchain help the data crisis?
The Internet is a rather curious place where you can find everything you are looking for. In this world, even the most serious thing can be turned into a joke and it wasn’t long before blockchain enthusiasts (and their haters) began to joke around. Today we’ll introduce you to our favorite 3 blockchain chrome extensions that mock the hype of blockchain technologies and how their advocates see the world.
In 2014, the USA today posted an article stating how $614 billion dollars had been completely missing from the 302 federal program audit. The government ran website USASpending.gov is supposed to be a transparent and accurate representation of where our tax dollars are being spent, but the Government Accountability Office found that only 2-7% of the website’s data was accurate. So where is the rest of the money?
On March 15, 2018, the Royal Bank of Canada (RBC), “one of Canada’s biggest banks, and one of the largest in the world based on market capitalization” according to their website, took a step forward in terms of technological advances, after filing a patent before the US Patent & Trademark Office in which they explain their project for a credit score platform using blockchain technology.
SWIFT is the world’s most important interbank messaging platform, and it has just published a report in which it announces the preliminary results of a technological project that seeks to implement the use of Distributed Ledger Technologies in payment processing and provision of liquidity solutions to its customers.
Looks like we have yet another company moving into the blockchain industry. This time it is Kakao, a South Korean internet behemoth, known primarily for owning a popular messaging app.
Chile adopt blockchain technologies in order to maintain and monitor the country’s electricity grid.
The United Nations exploring blockchain technology is a step in the right direction.
Looks like we have yet another central bank moving into the blockchain industry.
Everyone seems to be interested in Blockchain. It might even be more popular than cryptocurrency itself. Or is that too much of a stretch? Either way, there have been a number of companies and banks announcing pivots into the blockchain sector. Now, it seems the latest to make a move into the industry is Russian state-owned development bank Vnesheconombank (VEB).
It appears we have yet another company interested in blockchain technology. While not as far-fetched as, say, Long Island Iced Tea (now Long Blockchain Corp. (NASDAQ:LTEA)) moving into blockchain, I was still a little taken back, and also very excited, to hear that Wien Energie is testing a number of blockchain-based services.
Blockchain technologies are changing businesses around the globe. Professional services, banking institutions, technology companies, resource industries and discrete manufacturing industries are expected to invest significantly – according to reports, spending from companies on blockchain networks are expected to double this year. Compared to last year, the blockchain revolution is gaining momentum.
Sure, blockchain technology might be considered to be the brains behind Bitcoin, but that doesn’t make the concept any easier to grasp. There have been a few people who have come forward and said that they fear the world is investing in cryptocurrencies without fully understanding what they are. This is how I feel about blockchain. Apparently, I’m not the only one.
Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) announced on Tuesday that it will be joining forces with Blockchain company Waves. Why? Both parties want to develop a distributed ledger technology (DLT) platform that is able to process and handle shipping document submissions.
For a long time now, company stocks soar when the company says they are getting involved with blockchain, and Riot Blockchain Inc. (NASDAQ:$RIOT) is no exception to this.
It’s safe to say financial institutions have financed the disruption of a number of industries over the last 30 odd years. And why is that? It’s because they have an idea of what a revolutionary technology like blockchain can do to static incumbents.