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China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported...

A subsidiary of Chinese insurance holding Ping An Group will create a boutique bank backed with AI, blockchain, and big data. Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the world's leading financial and insurance corporations, and their subsidiary’s announcement was reported on Nov. 20 by People’s Daily, China’s official state run press service. A boutique bank is defined as a non-full service investment bank that supports more individualized services than larger firms. The new boutique bank will rely on Ping An Group's scientific and technological skills and comprehensive financial capabilities to provide integrated financial services to enterprises through Ping An Bank's supply chain receivables service platform, entitled "SAS.” The article states that the authenticity of transactions will be provided by the SAS platform..

Malaysian MP Urges Gov’t to Create Regulations Before Approving Political Funding...

A Malaysian MP has urged the government to wait and develop appropriate regulation before approving the political Harapan Coin cryptocurrency project. A Malaysian Member of Parliament has urged the government to implement proper cryptocurrency regulations before undertaking the Harapan Coin (HRP) cryptocurrency project, local English-language news daily the Star reported Nov. 14. Launched by “a group of patriotic and concerned Malaysian citizens, within and outside of Malaysia,” Harapan Coin claims to be the world’s first political fundraising platform deploying cryptocurrency and blockchain technology. The project’s mission is to raise money for the opposition party of Malaysia. The coin’s creators suggest that HRP has the “potential to become an official currency.” Fahmi Fadzil, director of the People's Justice Party (PKR) of Malaysia has reportedly stressed the necessity of appropriate cryptocurrency regulations before they are used to finance political campaigns and initiativ..

IBM Thailand Promotes AI, Blockchain in Order to Create Regional Sales...

The Thai branch of IBM will promote blockchain and AI to turn the country into a major sales hub in the surrounding region. The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language daily news outlet The Bangkok Post reports Wednesday, Nov. 14. According to the article, IBM is going to promote blockchain in collaboration with the country’s central bank, Bank of Thailand. A recent survey by IDC-IBM shows that global spending on blockchain will reach $9.7 billion by 2021. Moreover, IBM is also discussing the possibility of blockchain education in local schools and universities, aiming to provide enough member of the workforce for the industry in the nearest future. IBM concurrently plans to use Watson AI, a computer system equipped with AI and capable of answering questions by using its database, to find insights for different areas in the country,..

Ethereum’s Joe Lubin: Blockchain Will Help to Create More Wealth

Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has said that with blockchain, society will move “from a scarcity to an abundance mindset.” Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has said that with blockchain, society will move “from a scarcity to an abundance mindset,” in a New York Times (NYT) interview published Nov. 12. Lubin made his remarks at the NYT’s International Luxury Conference at the Intercontinental Hotel in Hong Kong, which runs Nov. 12-13 and brings together speakers that include the CEO of fashion brand Balenciaga, the president of Alibaba Group, and the CEO of luxury coat producer Moncler. During the conference, Lubin spoke about how the advancements heralded by blockchain tech could potentially give control back to society, allowing for more individual “agency”: “We are going to to be more in control of our identity and our agency on these different decentralized networks and I think that’s going to create more wealth [...] more interest in exp..

Binance Launches Research Wing to Create ‘Institutional-Grade’ Research Reports

Leading crypto exchange Binance has announced the launch of its new analysis division to prepare “institutional-grade” research reports within the cryptocurrency space. The largest cryptocurrency exchange, Binance, has launched an analysis division to conduct “institutional-grade” research reports, according to an announcement published Nov. 8. Binance’s new analysis division, Binance Research, is set to prepare institutional-grade research reports with the objective of increasing transparency and improve the quality of information within the cryptocurrency space. The division has already conducted and published two in-depth reports devoted to a decentralized blockchain that supports smart contracts and distributed applications, and a scaling solution for Ethereum (ETH). Binance Research is not the first project from the exchange beyond its original mandate. In the beginning of October, Binance announced it will donate all listing fees to charity, as well as allow developers themselve..

‘World’s Most Bulletproof Crypto’: Company to Create a Coin Backed by...

sponsored This new coin can be used for online payments or money transfer services like PayPal. A Swiss company, Alprockz AG, has developed the cryptocurrency ROCKZ, and says it is the first coin paired to one of the most stable fiat currencies in the world — the Swiss Franc (CHF). According to the company, it has already partnered with Geneva Swiss Bank - GSbanque. The team calls the product “the most reliable and predictable crypto cash”, and claims they created the “world’s most bulletproof cryptocurrency.” The new coin can be used for money transfers, storing assets and for online payment methods like PayPal. CHF as a worth guaranteeAlprockz AG decided to connect their digital asset with the traditional economy. Because of this decision, it offers their new Ethereum blockchain-based platform and cryptocurrency ROCKZ (RKZ), which will be backed by the Swiss national currency, the Franc ($0.99) at the rate of 1:1. The company has also developed a platform to exchange and store ROCK..

IBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players,...

IBM has applied for a blockchain patent aiming to deter augmented reality game players from intruding on undesirable locations. Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Nov. 1. In the patent, IBM, also known as Big Blue, describes a blockchain-based method and system of interactions between a AR-running mobile device and locational database in order to set and maintain safe boundaries between AR objects and real-world physical locations. According to the document, a distributed ledger is set to continuously maintain a growing list of data records protected from forgery and alterations. Based on a blockchain-powered location database, the “exemplary method” AR-game allows mobile devices to obtain a signal about whether a certain location on AR ..

GXChain Whitepaper 3.0: Create a Trusted Data Internet of Value

Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. A dominant Chinese blockchain player, GXChain, released its newest whitepaper 3.0: A Trusted Data Internet of Value on Wednesday, Oct. 10, 2018, which describes the development in TrustNodes election, earnings and business models of the GXChain Data Economy Ecosystem. The influential blockchain company GXChain from China released the newest whitepaper 3.0: A Trusted Data Internet of Value. The whitepaper details the recent updates of the GXChain project in governance, technical structure, application scenarios and business models, helping related organizations and millions of users to better participate i..

Russian Industrialist Union to Create Arbitration Board for Crypto-Related Disputes

A Russian industrialists union has created a dispute board for hearing cases pertaining to the digital economy, including smart contracts and Initial Coin Offerings. The Arbitration Center at Russian Union of Industrialists and Entrepreneurs (RSPP) has announced the creation of a board for disputes on issues pertaining the “digital economy,” including crypto-related cases, Kommersant reported Wednesday, Oct. 31. The chamber will reportedly be created to hear cases related to blockchain technology, smart contracts and Initial Coin Offerings (ICO). As per experts cited by the newspaper, the number of such cases will increase up to 40 times from 2020-2025. Elina Sidorenko — who heads a Duma working group evaluating the possible risks of cryptocurrencies — said that the framework for the chamber has already been prepared and that arbitrators have been hired. According to Kommersant, Sidorenko herself will head the newly created entity. Sidorenko noted that the nation’s courts are facing s..

Russian Startup to Create Blockchain-Based Copyright Network in Uzbek Capital

The Uzbek city of Tashkent has signed a deal with a Russian startup to digitize patent records and make intellectual property profitable. A Russian intellectual property startup has signed a memorandum with officials from Uzbek capital Tashkent to integrate blockchain for use in copyright, Russian state news agency TASS reports Tuesday, Oct. 16. The president of the Russian National Intellectual Property Transactions Coordination Center (IPChain), Andrey Krichevsky, met the head of Tashkent's department of innovations Jasur Zakhidov during the Open Innovations Forum in Moscow. Both parties agreed to implement decentralized solutions to protect copyrights in different areas, such as intellectual property and patent records. Zakhidov further explained that blockchain could help develop the whole copyright sphere and make it profitable, noting that “scientists, inventors and creators do not usually understand how to monetize their intellectual property,” and adding: "Our partnership..
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