PayPal Launches Blockchain-Based Innovation Reward System for Employees

Major global online payments system PayPal has launched a blockchain-based reward system for its employees. Financial news channel Cheddar reported on the platform launch Thursday, Dec. 6, citing PayPal’s director of innovation Michael Todasco. According to Cheddar, the program was prepared by PayPal’s innovation team, which is based in San Jose, California, over a six-month…

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Facebook Seeks Blockchain Talent for Five New Company Roles

Facebook has listed five new blockchain-related jobs on its careers page within the past three weeks, two of which were first listed Dec. 5 and 6. The positions currently open for applicants are two software engineer roles, a data scientist post and a data engineer — all full-time roles at the company’s headquarters in Menlo…

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South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10. Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the past eighteen months, also…

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Australia: National Transport Insurance Partners on Blockchain for Food Safety Trial

Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad, local transport industry magazine Fully Loaded ATN reports Dec. 10. NTI will reportedly be partnering with BeefLedger, an Australian “integrated provenance, blockchain security and payments platform,” which combines blockchain with Internet of Things…

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Chinese Internet Court Uses Blockchain to Protect Online Writer’s Intellectual Property

An Internet Court in Hangzhou, Eastern China, has turned to blockchain to fight piracy at the expense of online writers, English-language media outlet China.org.cn reports Dec. 8. China has reportedly “set up three Internet courts in Hangzhou, Beijing and Guangzhou.” Internet Courts are courts expressly intended to manage internet-related cases and allow plaintiffs to file…

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Blockchain Policy Development in China Concentrated in Three Cities

Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of ​​relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7. The Chinese securities newspaper has analyzed blockchain-related policies introduced throughout the country in the recent years, and concluded that there are 32 blockchain-related policies within…

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Blockchain and Crypto in the Labor Market: Overview of Salaries, Taxes and the Most In-Demand Jobs

Over the past months, the cryptocurrency market has been demonstrating bearish sentiment, with crypto prices falling to a yearly lows. This is making some blockchain companies rethink their business models and cut employees. However, the slump didn’t prevent the blockchain industry from experiencing a human resources boom, as evidenced by an active growth of vacancies…

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Institute Announces Australia’s First Fully Accredited Blockchain Courses

Advertisement Australia’s first and fully accredited blockchain course is here. Developed by Australian institute Blockchain Collective and titled the ‘Advanced Diploma of Applied Blockchain,’ the course comes with eight modules, including six core modules and two electives, Australia’s Finder reports. The educational institute stated that the course would be delivered through registered training bodies, intensive…

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SBI Holdings, R3 Embark on ‘Joint Venture’ to Boost Corda Blockchain Use in Asia

Japanese financial services company SBI Holdings will partner with software firm R3 to expand local use of its Corda blockchain platform, Cointelegraph Japan reported Dec. 5. Quoting local news outlet Nikkei, the report reveals that SBI, which is involved in multiple cryptocurrency and blockchain-related activities, will expand on its existing investment in R3 to create…

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US Dept. Homeland Security Calls on Blockchain Startups for Anti-Forgery Solutions

The United States Department of Homeland Security (DHS) is seeking blockchain-based solutions from startups to prevent the forgery and counterfeiting of digital documents, according to a press release published Dec. 4. According to the release, the request has been published under the aegis of DHS’ Science and Technology Directorate (S&T)’s Silicon Valley Innovation Program (SVIP).…

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Over One Third of German Big Business Finds Blockchain Tech as Impactful as Internet

According to a recent survey, over one third of big businesses in Germany consider blockchain technology as revolutionary as the Internet, Cointelegraph auf Deutsch reported, Dec. 4. In addition to artificial intelligence (AI) and the Internet of things (IoT), blockchain technology is one of the current three areas of development with “tremendous potential,” the survey…

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Seven EU States Sign Declaration to Promote Blockchain Use

Seven southern European Union member states have released a declaration calling for help in the promotion of Distributed Ledger Technology’s (DLT) use in the region, the Financial Times (FT) reports Dec. 4. The declaration was reportedly initiated by Malta and signed by six other member states, France, Italy, Cyprus, Portugal, Spain and Greece, during a…

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Ripple, NEM & Two Others Launch ‘Blockchain for Europe’ Association

Four major blockchain companies have formed a “Blockchain for Europe” Association, according to a press release Dec. 5. The association seeks to promote the understanding and proactive regulation of blockchain and other distributed ledger (DLT) technologies across the continent. The four participant companies are Ripple, the NEM Foundation, Emurgo – which supports commercial ventures based…

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Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants

Abu Dhabi Global Market (ADGM), an international financial free zone within the United Arab Emirates, says it has successfully completed the trial of a blockchain-based know-your-customer (KYC) application. ADGM announced Tuesday that the first phase the project has been concluded in association with its regulatory body, the Financial Services Regulatory Authority (FSRA), and project advisor…

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Hong Kong Blockchain Startup Hires China’s Bitcoin Evangelist After He “Quits”

Although China has continued to relentlessly clamp down certain subsets of the crypto industry, the nation’s blockchain scene continues to swell at an unbridled pace, backed by hotshot entrepreneurs, billions in Renminbi (China’s currency), and world-renowned incubators and venture capital consortiums. Most recently, a notable Chinese blockchain startup hired a legendary Bitcoin investor, accentuating that…

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Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4. Founded in 2003, GrainChain has developed a blockchain-powered system that enables supply chain parties to track the distribution process of harvests. GrainChain’s blockchain-based financial settlement…

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