A District Court in China Trials Blockchain E-Voting for Bankruptcy Case Blockchain

A District Court in China Trials Blockchain E-Voting for Bankruptcy Case

Blockchain’s integration into a voting system is generating a lot of buzz now. A district court is taking the lead in China to use blockchain to make it easier for creditors of a insolvency company to vote at a creditor’s meeting, the news portal zjol.com.cn reported reported on September 27. Jianggan District People’s Court of Hangzhou, the capital of China’s eastern Zhejiang province, offered a blockchain-enabled voting system for the first creditors’ meeting of a local hardware market which was held on September 21, allowing more personnel outside the city to take part in voting and to speed up the process. The voting...
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JD Finance and China UnionPay Jointly launch a Blockchain-based Risk Information Sharing Platform Blockchain

JD Finance and China UnionPay Jointly launch a Blockchain-based Risk Information Sharing Platform

October 10, the Internet Finance Payment Security Alliance Risk Information Sharing (Distributed Query) Platform jointly launched by China UnionPay and JD Finance has won the 2018 Financial Blockchain Innovation Application Excellence Award, that awarded by Payment & Clearing Association of China (PCAC) and China Academy of Information and Communications Technology (CAICT). Due to the imperfection of credit information, high-risk groups with dishonesty and fraudulent behaviour have always been a headache in financial business. Many financial institutions have been trying to promote the risk information sharing mechanism. While blockchain technology may provide a new solution about this issue. Of late, the...
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Report: Demand for Blockchain Talents in China Increased by Sixfold Blockchain

Report: Demand for Blockchain Talents in China Increased by Sixfold

Blockchain talents are severely needed in China this year as the demand for such professionals far exceeds the supply, according to a recent report entitled Report on the Supply and Demand of Blockchain Talents 2018 released by Zhaopin.com, a Chinese online recruitment services provider. In Q2 this year, the recruitment demand for blockchain-related talents has increased by 636.83% since Q3 of 2017. Recruitment requirements show that these coveted blockchain talents are particularly wanted by companies engaging in Internet, IT services, computer software and fund & securities. The popularity of blockchain technology has been pushing up the demand for blockchain talents,...
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Alibaba Officially Launches its Damo Academy, Lays Out 5 Research Areas and 14 Laboratories Blockchain

Alibaba Officially Launches its Damo Academy, Lays Out 5 Research Areas and 14 Laboratories

September 28, the Chinese e-commerce giant Alibaba launches the official website of its R&D arm Damo Academy. Since then, the 5 research areas and 14 laboratories of Alibaba Damo Academy have exposed to the public. According to the official website, there are three laboratories under its Financial research branch, including intelligence finance, blockchain and biometrics labs. A lot of financial industry experts and top scientists have participated in its research team, and they have set up offices in Hangzhou, Beijing, Seattle, Silicon Valley, and New York. It was reported that Gordon Zhang, the head of blockchain department of Ant Financial, is...
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Chinese Search Giant Baidu Launches A Blockchain Applet To Tackle ‘Counterfeit’ Yangcheng Lake Hairy Crabs Blockchain

Chinese Search Giant Baidu Launches A Blockchain Applet To Tackle ‘Counterfeit’ Yangcheng Lake Hairy Crabs

With crab season in full swing in China, the search giant Baidu teams up with Top Crab, an established hairy crab brand, using blockchain technology to track and authenticate the famed Yangcheng Lake hairy crabs, local news portal tech.163.com reported on September 28. Located in east China’s Jiangsu province, the Yangcheng Lake is home to special freshwater crabs famed for their creamy texture. However, over the past years, the huge demand for the limited number of Yangcheng Lake hairy crabs drives profiteers to sell counterfeit crustaceans that actually come from other waters, despite annual crackdowns by the authorities and local...
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Stablecoin Based on Bytom (BTM) – Some Thoughts Blockchain

Stablecoin Based on Bytom (BTM) – Some Thoughts

In the recent Bytom Global Dev Competition, some stablecoin projects have been seen. It is no surprise as stablecoin has been really a buzzword in the recent crypto market, and these projects are mulling over stablecoins based on Bytom Blockchain. Stablecoins have been embroiled in controversies and they have been dissected and studied by some of the smartest minds in the cryptospace. This article is going to do a deep dive on the buzzword stablecoin and visons about its design on Bytom. What is Stablecoin? The creation and development of stablecoins have a complicated history. We think it’s not necessary...
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Nanjing Arbitration Committee in China Trials Blockchain-Based Online Ruling System Blockchain

Nanjing Arbitration Committee in China Trials Blockchain-Based Online Ruling System

An arbitration body in Nanjing, the capital of east China’s Jiangsu Province, has launched a blockchain-based online ruling system for depositing and storing data in legal disputes, according to an official announcement released on September 27. The Nanjing Arbitration Committee announced that the online platform is now live in a testing phase. Data uploaded to the system will be stored among all participating nodes, including evidence deposition platforms,financial institutions, and other arbitration committees. The Nanjing committee was established in late 1998 following the passage of the Arbitration Law of the People’s Republic of China. It operates as an independent non-profit...
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VC Investment in Blockchain Halved in September, Drops to a 6-Month Low Blockchain

VC Investment in Blockchain Halved in September, Drops to a 6-Month Low

Despite a crypto bearish market,old-school venture capitalists’ interest in the blockchain space seems to show no immediate signs of slowing down, and both deal and dollar volume in the field are up globally in the third quarter of 2018. But the number fell off a cliff in September. Q3 saw $1.64 billion USD invested across 162 deals for the blockchain industry, as against 75 deals in Q1 and 147 deals in Q2, according to incomplete data compiled by China’s data tracking site 01data. China has been a driving force in growing the venture investment in blockchain and blockchain-adjacent startups. Chinese blockchain...
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NT$600mln Raised in a Day, Could Taiwan Back to its Heyday via Blockchain? Blockchain

NT$600mln Raised in a Day, Could Taiwan Back to its Heyday via Blockchain?

“The rise of digital currency and blockchain technology is an opportunity for Taiwan,” said Taiwan legislator and Congressman Jason Hsu. Given the nickname of “Crypto Congressman” by Vitalik Buterin, Hsu is active in pushing cryptocurrency and blockchain in Taiwan. Taiwan, a has-been member of “Four Asian Tigers” who has created the miracle of over 9% annual economic growth for 30 consecutive years, has been on a downward slide since the dotcom bubble burst in 2000, struggling to establish a foothold in Asia with electronics manufacturing. As blockchain is now considered a significant technology trend, the region does not want to be lag...
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Ant Financial’s New Blockchain APP Upgrades the Housing Accumulation Fund Service in China Blockchain

Ant Financial’s New Blockchain APP Upgrades the Housing Accumulation Fund Service in China

October 17, Ant Financial’s Alipay, China’s top mobile payment APP, launches its brand new blockchain application for the housing accumulation fund management scenario. After launching blockchain application in housing leases, medical electronic bills and electronic prescriptions areas, Ant Financial has joint hands with Yondervision, the leading housing accumulation fund management service producer in China, to develop a United Credit Disciplinary and Payment Certification Cloud Platform powered by blockchain technology. This is the first blockchain application in housing accumulation fund industry. Hainan province will take the lead in adopting the cross-regional data sharing of the accumulation fund blacklist and the payment certificates....
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