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“# Poor infrastructure stops farmers taking advantage of blockchain ” While the agricultural industry stands to reap enormous efficiency savings through the adoption of distributed ledger technologies, many farmers lack the digital infrastructure to support the integration of blockchain solutions. Speaking as part of Australian Blockchain Week on April 21, Bridie Ohlsson, the CEO of…
“# The promise of smart contract adoption is held back by crypto silos ” The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever. You might think you missed the coronation ceremony, but smart contracts are actually used in only a small corner of the crypto…
“# Australian government offers $6M in grants to innovative blockchain teams ” The Australian government has opened applications for grants up to $3 million each in funding to blockchain projects targeting supply chain tracking in the minerals industry and tax tracking in the food and beverage sector. Applications are open until April 29, with any…
“# Hedera makes inroads in Africa as Standard Bank Group becomes node operator ” Standard Bank Group — Africa’s largest bank by assets — has partnered with enterprise-grade distributed ledger technology project Hedera Hashgraph. According to a joint announcement, the African banking giant now joins other major corporations like Google, LG, and IBM as a…
“# Bosch teams up with Fetch.ai to launch blockchain and develop Web 3.0 tech ” Bosch Group, the global technology supplier, is teaming up with Fetch.ai to launch a multi-purpose blockchain network that can further advance Web 3.0 capabilities like artificial intelligence and the Internet of Things. The blockchain network, which is in testnet until…
“# Circling back to blockchain’s originally intended purpose: Timestamping ” What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the…
“# Russia’s regulatory sandbox and the implementation of blockchain tech ” The main challenge companies face when testing and implementing innovative technologies is the need to amend existing legislation. Developing and testing new products based on distributed ledger technology requires special conditions that are often inconsistent with existing regulations. The solution to this problem would…
“# Going feeless is the only way to enable blockchain adoption ” Face-to-face transactions are starting to seem quaintly archaic as many countries continue or even expand lockdowns due to the ongoing COVID-19 pandemic. Since the start of the crisis in early 2020, digital transactions have surged, particularly in e-commerce and digital banking. In contrast…
“# Blockchain tech makes sustainable development goals more achievable ” United Nations Secretary-General António Guterres estimates trillions of U.S. dollars per annum is needed to achieve the 2030 Sustainable Development Goals. The question is: “Where would it come from?” Official development aid, philanthropy and public finances cannot suffice, which means the needle is moving toward…
“# Enterprise blockchain trends that will drive adoption in 2021 ” The year 2020 has been monumental for the blockchain sector, especially in regards to financial markets. Yet, while the price of Bitcoin (BTC) reached new all-time highs this year, the enterprise blockchain space also welcomed in public networks, open-source code and a number of…