26th Oct Blockchain Updates…

  1. Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman

The U.S. should not “disadvantage” emerging technologies such as blockchain due to “antiquated” regulations, the head of the country’s telecoms regulator told Indian daily news outlet Indian Express Friday, Oct. 26.

Speaking while attending the India Mobile Congress 2018, Ajit Pai, chairman of the U.S. Federal Communications Commission (FCC), also called for a “conversation” with tech giants such as Facebook and Google regarding data transparency.

In the U.S., he explained, regulations governing telecoms first became law in the 1930s, and even with amendments posed difficulties for authorities attempting to get to grips with technology such as blockchain, artificial intelligence (AI) and machine learning.

  1. Crab War on Blockchain: Long-Time Developer Launches Its First Crypto Game.

An Australia-based digital entertainment company with a global audience of 350 million gamers is turning its attention to blockchain as it launches its first cryptocurrency-based web game.

iCandy Interactive says CryptantCrab is a player versus player (PVP) game that offers “artistically designed crabs for players to collect, mutate, battle, and trade.” Each CryptantCrab is unique and individual to the players – as well as tamper-proof – a concept that the developer believes will ensure the game is “uncheatable.”

  1. Vietnam’s Largest Telecoms Company Enters Blockchain Sphere, Aims to Be Industry Leader.

The Viettel Enterprise Solutions Corporation has set a goal to become Vietnam’s leading blockchain technology provider in five years.The Viettel Enterprise Solutions Corporation is a development and innovation wing of Vietnam’s largest telecommunications operator Viettel Group.

The Viettel Enterprise Solutions Corporation was established earlier in October to focus on providing information and communication technology solutions to the governmental and commercial sectors, and to assist in building a digital government.

  1. Major Agriculture Companies Partner to Use Blockchain in Grain Trading.

The world’s four largest agriculture companies, commonly known as ABCD, have partnered to digitize international grain trading by using blockchain and artificial intelligence (AI) technologies.

ABCD, composed of Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co., states that blockchain implementation could make trading more efficient and transparent, as well as reduce costs. The conglomerate aims to digitize the system that has previously relied on paper contracts, invoices, and manual payments.

  1. China’s Alibaba Cloud Expands Enterprise Blockchain Offering to Global Markets.

Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group, is enhancing its Blockchain-as-a-Service (BaaS) offering outside China.

Following the roll out of its BaaS platform in China, Alibaba Cloud will expand its enterprise-level blockchain service to major international markets including Europe, the U.S., and South East Asia.

Based on two blockchain network implementations — Hyperledger Fabric and Ant Blockchain — Alibaba Cloud’s BaaS is now targeting global enterprises, enabling them to set up secure and solid ecosystem for blockchain developments, the press release notes. The blockchain solution offers a broad range of applications such as automatic deployment, consortium blockchain management, smart contracts, and others.

  1. German Central Bank and Deutsche Boerse Successfully Complete Blockchain Settlement Trial.

The central bank of Germany, Deutsche Bundesbank, and securities marketplace organizer Deutsche Boerse (DB) have successfully completed the trial of a blockchain solution in the settlements area.

The main point of the joint research was to conduct on blockchain the full lifecycle of bond issuance, settlement, corporate actions, and redemption, as well as cash transfer including the provisioning of digital coins, transfer between market participants, and settlement of cash payments, the summary states.

  1. Canada Border Agency to Pilot IBM-Maersk TradeLens Blockchain Platform.

The Canada Border Services Agency (CBSA) has become the latest entity to trial a blockchain shipping solution developed by IBM and Maersk.TradeLens, which creators unveiled in August this year after a 2017 pilot, aims to simplify logistics processes.

The first such border agency to investigate the platform, CBSA will now “determine what role the platform could play in its business processes,” the release explains.

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