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Blockchain Set to Revolutionize Global Shipping

One of the largest industries in the world, global shipping covers every continent and involves trade in almost every country on the planet, with over $4 trillion in goods being moved around the world each year. However, the systems that enable all of this have not changed in 60 years, and in many cases still rely on matching physical paperwork with shipments and payment data. Blockfreight recently announced their new initiative to leverage the power of blockchain to streamline the administration and tracking of cargo and revolutionize the shipping industry itself.

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Blockchain Powers New Smart City Initiative

When Bitcoin made its debut in 2009, few people thought that the technology behind it could change the world, but in ever increasing numbers, this is how researchers are seeing blockchain. The latest is automotive multinational Wanxiang, who have announced their new smart cities initiative will utilize blockchain at its core. With the current focus on their existing business, the ways in which blockchain can be used to streamline the management of electric vehicle servicing demonstrates the versatility and importance being placed on the technology.

Op. Ed.: Blockchain and the Battle for ‘Blood Antiquities’: Could Digital Currency Platforms Help to End the World’s Deadliest Trade?

Antiquities are not something many in the digital currency community consider; similarly, technology is not a priority for archaeologists and historians. But could Blockchain technology solve the most dangerous problem posed by the trade in antiquities? Terror groups in Iraq and Syria – the richest archaeological region in the world – have been profiting from an illicit trade in antiquities which destroys our shared cultural heritage and which funds the terrorist war-machine which has committed the worst atrocities experienced in the 21st Century so far. Economic historian Chris Cooper explains how Blockchain title deeds – a new type of smart contract – could help law enforcement agencies trace antiquities and stamp out the world’s deadliest trade.

Digital Currency Weekly Recap 9-25-2016

Santander to Launch New Blockchain Token Cryptocurrency

Synereo Destroys Half of its Digital Currency

Ethereum Suffers DDoS

Russian Official: Digital Currency Could Lead to Destruction of Russian Economy

Blockchain Weekly Recap 9-24-2016

IBM and China UnionPay Build Blockchain-Based Loyalty Program

Accenture Patent Filed for… Editable Blockchain?

Google Cloud Latest to Offer Space for Blockchain Testing

New Survey: Asset Managers Expect Blockchain Adoption within Five Years

Bitcoin Weekly Recap 9-23-2016

Gemini Trading to Offer Daily Auctions

AmsterdamGold Now Accepting Bitcoin

Bitfinex Customer Reimbursement Efforts Adds New Options

NH Bitcoin Regulations Cause Poloniex to Suspend Operations in the State

US Judge Rules That Bitcoin Is Money

Defining the legal status of digital currencies has become something of an issue, with contrary rulings coming one of after the other, no sooner has one judge ruled bitcoin is not money, another judge in New York, Judge Alison Nathan, rules that it is money and should be treated as such in the case she is presiding over. This illustrates a clear need for legal ruling, especially in the US, to enable the industry to move forward. A final decision is important to the broader digital currency industry and will be needed for new initiatives to succeed.

Australia Takes the Lead in Blockchain Standards

With many different businesses and initiatives all working on endless adaptations of blockchain technology to enhance and sometimes radically change existing systems and processes, there is a danger of ending up with a mess of incompatible, bespoke blockchain solutions rather than a cohesive, interoperable network of blockchain based infrastructure. The International Organization for Standardization has recently approved a proposal by Australian Standards, the national standards agency, for a framework for Blockchain standards. Australia will now take the lead as a committee of ISO members seek to define standards for various aspects of blockchain technology.

Blockchain Set to Revolutionize Global Shipping

One of the largest industries in the world, global shipping covers every continent and involves trade in almost every country on the planet, with over $4 trillion in goods being moved around the world each year. However, the systems that enable all of this have not changed in 60 years, and in many cases still rely on matching physical paperwork with shipments and payment data. Blockfreight recently announced their new initiative to leverage the power of blockchain to streamline the administration and tracking of cargo and revolutionize the shipping industry itself.

Digital Currency Weekly Recap 9-18-2016

Europol Creates Cryptocurrency Working Group

House Passes Resolution Supporting Cryptocurrency

Bitsquare Now Supporting Lisk

New Filmmaker Creating First Feature Film Funded by Crypto Crowdsale

Blockchain Weekly Recap 9-17-2016

Ripple Receives $55 Million in Bank Funding

Goldman Sachs Files Blockchain Forex Patent

Bank of England Announces Payment System Upgrade

Republican Congressman Proposes Blockchain Solution to Combat VA Problems