Swiss Fintech License Allows Blockchain, Crypto Firms to Accept $100 Mln in Public Funds

The Swiss Financial Market Supervisory Authority (FINMA) has released guidelines for their new “FinTech” license, according to a FINMA official press release released Dec. 3 The Swiss financial regulator revealed that license pursuants, which can be blockchain-related and crypto-related firms, will be able to apply for the fintech license with the state authority starting from…

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Ohio Technology Funds Announce $100M Support for Blockchain Startups

Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups. As covered in Cleveland-based news organizations, JumpStart Inc.’s CEO Ray Leach initially announced this donation. Collectively, the seven different funds, which are all based in Ohio, are commitmed “to…

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Thai Government Trials Blockchain in Fight Against Tax Fraud

A government agency in Thailand is trialing blockchain tech as a means to track value-added tax (VAT) payments in the country. According to a report from the Bangkok Post on Monday, Thailand’s Revenue Department is considering implementing blockchain to prevent fraudulent VAT refund claims in the country. VAT is a form of consumption tax levied on goods…

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GM Files Blockchain Patent to Manage Data from Autonomous Cars

American car manufacturing giant General Motors (GM) has filed a blockchain patent for a solution to manage data from autonomous vehicles. The patent application was published by the U.S. Patent and Trademark Office (USPTO) Nov. 29. GM’s application, first filed May 25, 2017, outlines a system for using blockchain to provide “secure” and “robust” data…

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Newly Formed US Healthcare Alliance to Trial Blockchain for Improved Data Quality

Major U.S. healthcare companies have formed an alliance to trial blockchain solutions in order to improve data quality and reduce costs, U.S. weekly news outlet Modern Healthcare reports Monday, Dec. 3. The Synaptic Health Alliance group consists of Humana, Multiplan, UnitedHealth Group's Optum, UnitedHealthcare, Quest Diagnostics, and has recently been joined by Ascension — the…

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Investment Funds Network to Migrate Entire System to Blockchain in 2019

Advertisement Investment funds transaction network Calastone, a founding member of the Linux Foundation-led Hyperledger Project, is shifting its entire system to the blockchain. The firm, which assists its client sell their funds all over the world via banks and financial advisors, expects to complete the switch to what it is calling the Distributed Market Infrastructure…

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Islamic Financial Institution Partners With Startup to Develop Interbank Blockchain Tools

Saudi Arabian developmental institution the Islamic Development Bank Group (IsDB) has partnered with a Tunisian startup to develop interbank blockchain tools, a press release confirmed Nov. 29. IsDB, which will conduct the project through its private sector subsidiary, the Islamic Corporation for the Development of Private Sector (ICD), wants to improve Islamic financial institutions’ liquidity…

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UK-Based Global Funds Network Calastone to Switch Entire System to Blockchain In May

London-based global funds network Calastone is switching its entire system for fund trade clearing services to blockchain this May, Reuters UK reports today, Dec. 3. Calastone processes mutual fund trades for over 1,700 financial companies, including JPMorgan Asset Management, Schroders, and Invesco, according to Reuters. The move will transform current services by using a shared…

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GDPR Uncertainty a Key Concern of 74% of Blockchain Firms in the UK: Report

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Advertisement Regulatory uncertainty in Britain’s blockchain sector has emerged as one of the biggest concerns for distributed ledger technology firms in the country. According to research conducted by digital innovation agency Digital Catapult, 74% of blockchain firms in the United Kingdom cited regulatory issues as being one of their key concerns, surpassing other issues such…

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Wyoming Legislators Approve Blockchain Bank Bill – The Tokenist

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On November 30th 2018, Wyoming legislators voted to approve a groundbreaking bill which legally allows for the integration of traditional banking and blockchain technology. Despite ‘heavy opposition’ from the banking industry, the state of Wyoming has once again set itself apart as a visionary of the benefits embedded in blockchain innovation. Wyoming Expands its Reputation…

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$20 Million Sale ‘Tokenizes’ Student Residence – Fortune

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In the first offering of its kind, U.S. investors can now acquire a piece of South Carolina real estate in the form of blockchain tokens. The tokens represent ownership in a luxury student residence called The Hub, pictured above, which is located near the University of South Carolina in the state’s capital. The offering is…

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Huawei Cloud Announces Global Launch of its Blockchain Services

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Advertisement Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS), according to an official press release. The BCS was launched for commercial use in China earlier this year, and it is now available to a global audience on Huawei Cloud’s international website. The service allows global…

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Tokenization Solution Market Size by 2018 | Drivers| Challenges | Opportunities | Vendors | Forecast – Healthcare Sector

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Tokenization Solution market research report is a valued source of figures which offers a detailed analysis of the present market status. Both established and new players in the Tokenization Solution industry can use this report for a complete understanding of the market. Tokenization Solution market report contains studies by regions in the Global market, especially US, Canada, Mexico, Rest of North America,…

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