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The South Korean regulatory crypt becomes a traditional political issue: A new report states that the South Koreans account for 30% of the total cryptocurrency trade worldwide and that 30% of all adults in the country have exchanged digital currencies. The report, produced by the predictive analytical company Cindicator, also states that cryptography has become a political issue of primary importance in the country. South Korea, which this year has been ranked as the most innovative country in the world by Bloomberg, now sees "pro-blockchain and cryptocurrency proposals" regularly used in traditional elections to attract voters. He says that the country is at the "center of global development of the blockchain".
The focus of the Chinese blockchain now focuses on three major cities: According to local media reports, Beijing, Shanghai and Guangzhou will form the core of the new Chinese blockchain legislation. The wisdom of China's national politics, which has focused on making the country a global blockchain leader and at the same time adopting a prohibitive approach to cryptocurrency and mining, has raised questions and a Forbes report this month suggests that local investors "lose" trust "in blockchain. This three-city approach would seem to be an attempt to rekindle the sector.
Blockchain helps Taiwanese farmers: The distributed ledger helps rice farmers in Taiwan to mitigate the effects of climate change, according to a Financial Times report. In Chihshang, eastern Taiwan, farmers are increasingly turning to organic methods and are using blockchain and the Internet of Things to link information about their harvest to the web to record meteorological patterns and chemical changes in their soil.
The oil giant of Abu Dhabi in partnership with blockchain with IBM: The Abu Dhabi National Oil Company (ADNOC) has worked with IBM to track, validate and execute oil and gas production transactions using blockchain. The project aims to reduce transaction times between operating companies, increase efficiency and improve the reliability of production data. The oil and gas industry is seeing an increasingly widespread use of the blockchain.
Mastercard stores two blockchain patents: Mastercard has filed a US patent for a method to "anonymize transactions" using blockchain. The move follows a series of high-profile privacy-focused altcoins such as Zcash (ZEC) and Monero (XMR) and, although it goes against a tightened US regulatory environment, it sees Mastercard becoming more proactive in cryptographic space. The credit card and payment conglomerate also recently registered another patent application for a solution that would use a "fractional reserve of currency blockchain" to accelerate cryptocurrency transactions.
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