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Korea Taps Samsung’s Blockchain Tech to Fight Customs Fraud

Korea Taps Samsung’s Blockchain Tech to Fight Customs Fraud South Korea’s customs authority is looking to adopt Samsung’s blockchain tech as the backbone of a decentralized customs clearance system. Samsung SDS, the conglomerate’s IT arm, said on Friday that the Korea Customs Service has inked a memorandum of understanding (MoU) …

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Blockchain Could Boost Trade Finance by $1 Trillion, WEF Research Says

Blockchain Could Boost Trade Finance by $1 Trillion, WEF Research Says Blockchain is able to fill in much of the $1.5 trillion-dollar supply-demand gap in global trade finance by easing financing for small- and medium-sized enterprises (SMEs) in emerging markets, new research says. Jointly conducted and released by the World …

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Australian State Pilot Puts Driver’s Licenses on a Blockchain

Australian State Pilot Puts Driver’s Licenses on a Blockchain Australia’s New South Wales (NSW) government is turning to blockchain for a state-wide test of its driver license digitization program scheduled for November. In an announcement on Aug. 20, the NSW government said it will conduct the pilot for 140,000 license holders …

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Australian State to Pilot Blockchain in Digital Driver License Scheme

Australian State to Pilot Blockchain in Digital Driver License Scheme Australia’s New South Wales (NSW) government is adopting blockchain in a state-wide test of its driver license digitalization program scheduled for November. The NSW government announced on Aug. 20 it will conduct the pilot for 140,000 license holders in the …

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China’s Supreme Court Recognizes Blockchain Evidence as Legally Binding

China’s Supreme Court Recognizes Blockchain Evidence as Legally Binding Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to the country’s Supreme People’s Court. The court released new rules on Friday – that take immediate effect – clarifying various issues relating to how internet courts …

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PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase

PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out. According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is …

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