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China’s Communist Party Publishes Blockchain Tech 101 for Officials

China’s Communist Party Publishes Blockchain Tech 101 for Officials The Chinese government moving to make blockchain literacy the norm across public offices with the publication of an explainer for officials and members of the Communist Party. Released by the publishing house of the People’s Daily – the party’s news outlet …

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WeChat Eyes Blockchain for Faster Refunds of Company Expenses

WeChat Eyes Blockchain for Faster Refunds of Company Expenses Technology giant Tencent is trialing a new blockchain-based feature on its popular WeChat messaging app that is aimed to speed up the reimbursement of expenses for company employees. According to a blog post published on Friday, Tencent has piloted the application at …

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World Bank Taps Australia’s CommBank to Issue Its First Blockchain Bond

World Bank Taps Australia’s CommBank to Issue Its First Blockchain Bond The World Bank Group has partnered with the Commonwealth Bank of Australia (CBA) to issue a bond using blockchain. The CBA, one of the “Big Four” commercial banks in Australia, said in a release on Friday that it had …

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Regulators Plan ‘Global Sandbox’ for FinTech Including Blockchain

Regulators Plan ‘Global Sandbox’ for FinTech Including Blockchain A number of financial regulators from across the globe are forming a new alliance to facilitate the growth of financial technologies such as blockchain and distributed ledger technology (DLT). The U.K.’s Financial Conduct Authority (FCA), which spearheaded one of the world’s first …

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West Virginia to Offer Blockchain Voting Statewide in Midterm Elections

West Virginia to Offer Blockchain Voting Statewide in Midterm Elections West Virginia is rolling out a blockchain-based mobile voting app to all of the state’s 55 counties so that military personnel stationed abroad can more easily cast their ballots in the midterm elections. CoinDesk previously reported that the state piloted the …

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Biotech Giant Plans to Securely Share Genetic Data on a Blockchain

Biotech Giant Plans to Securely Share Genetic Data on a Blockchain A publicly traded biotech giant based in South Korea is turning to blockchain to allow it to share genetic data without risk of hacking or infringement of patients’ privacy. Macrogen, a DNA sequencing service provider with headquarters in Seoul, …

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Researchers Build Blockchain Electricity Exchange They Say Cuts Waste

Researchers Build Blockchain Electricity Exchange They Say Cuts Waste Researchers from one of the top universities in China say they have developed a decentralized exchange, not for crypto assets, but for unused power A patent application filed by team from China’s Fudan University in January and revealed on Friday sets out …

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China’s Government Censorship Agency Is Hiring a Crypto Expert

China’s Government Censorship Agency Is Hiring a Crypto Expert The state-level Chinese government agency responsible for censoring media output in the country may soon have a cryptographer on the payroll – and with expertise in blockchain technology. The research center of the State Administration of Press – which is directly …

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Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

Banking Giant Trials Blockchain for Issuance of Land-Backed Loans The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its …

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Dubai Plans to ‘Disrupt’ Its Own Legal System with Blockchain

Dubai Plans to ‘Disrupt’ Its Own Legal System with Blockchain A Dubai-based international court dealing with civil and commercial disputes in the financial industry is planning to launch what it calls a “Court of the Blockchain” to streamline legal operations. The Dubai International Financial Center (DIFC) Courts announced on Monday …

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