Home / Blockchain / Monday's blockchain and encrypted news, from Asia and beyond

Monday's blockchain and encrypted news, from Asia and beyond

Ripple is a Japanese anti-fraud partnership: A fraud prevention initiative is seeing Ripple in partnership with the new Japan Payment Card Consortium. The concept, which uses real-time information to update transactions, will run on the R3 blockchain platform. Corda is a partnership between SBI Ripple Asia and the Japan Payment Card Consortium, which is made up of nine Japanese credit card issuers.

Singapore Government seeking to boost the blockchain economy: The authorities of the City of Lion are increasing subsidies for blockchain companies. The Infocomm Media Development Authority (IMDA) of Singapore is providing funding for the development of an all-encompassing blockchain platform that connects "all parties involved in the interior and exterior [blockchain] industry. "Although the level of funding has not been disclosed, it is another sign of Singapore that wants to take on a prominent regional role in blockchain and crypto.

Can cryptographic robots reverse market shrinkage? Wall Street trading is becoming increasingly dominated by bot trading and high-frequency algorithmic trading programs and the crypto world is no exception. Commercial robots are becoming a "vital tool for traders and institutions", writes Forbes, which can help "minimize risk and execute large orders efficiently". That said, since the cryptographic market has lost more than $ 700 billion since January, it is, according to blockonomi.com, now worth less than all McDonald's franchise deals. Can robots replace it?

Seoul traces the beef on the blockchain? South Korea's Ministry of Science and ICT, together with its Ministry of Agriculture, Food and Rural Affairs, plans to use blockchain technology to monitor beef imports. The state news agency Yonhap reported that "the test phase of the program is scheduled for December and the official launch of the system is scheduled for January 2019" and the initiative follows several projects of food supply chains based on blockchain globally, including one from Carrefour to track down poultry in Spain. The move comes after a September announcement stating that the South Korean government was doubling the 2019 blockchain pilot budget to $ 18 million, to allow it to better focus on blockchain-based supply chain management, customs, voting, real estate, cross-border documentation and logistics.

Ohio becomes the first American state to accept Bitcoin for taxes: Paying your irsterous tax bill has become much easier recently in the US state of Ohio, as state authorities have just announced that Bitcoin would be an acceptable form of payment. The state of Arizona has a similar initiative in the works of Georgia and Illinois. Ohio State Treasurer, Josh Mandel, is pushing the initiative as part of an effort to renew the state as a "friend of technology".

Keep reading

Source link