Samsung SDS to Power World’s First Exports Customs Clearance Blockchain in Korea

The Korea Customs Service (KCS) has entered an agreement with Samsung SDS to implement the latter’s blockchain technology for an export customs clearance system. Samsung SDS, the IT subsidiary and technology provider of Korea’s largest conglomerate Samsung, will develop the world’s first blockchain-based export customs logistics service for the Korea Customs Service to enable efficiency …

Hong Kong Jeweler Introduces Blockchain App for Diamond Authentication

Hong Kong jewelry company Chow Tai Fook has partnered with Gemological Institute of America (GIA) to create a blockchain-based app that will enable customers to ascertain the origin and authenticity of stones purchased. This development brings closer the blockchain implementation processes to regular individuals through a more conversant user interface, the app. Provenance Using Blockchain …

Australian Blockchain Delegation Heads to China to Foster Fintech Ties

A handful of Aussie blockchain startups are in Shanghai this week, part of a government-backed trade mission that aims to strengthen ties between the two nations in the industry. The Australian Trade and Investment Commission (Austrade), the country’s trade agency, and the Australian Digital Commerce Association are jointly organizing a delegation of domestic blockchain startups currently …

Blockchain Records Will now be Accepted as Legal Evidence in China

Internet courts in China will henceforth deem evidence authenticated using blockchain technology as being legally binding. This follows the publication of new rules by the Supreme People’s Court of China which state that blockchain records will now be admissible in court. According to the South China Morning Post, internet courts which have been set up …

Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world …

PwC’s New Digital Skills Course Will Teach Employees about Blockchain

“Big four” auditing firm PriceWaterhouseCoopers (PwC) is launching training programs to employees on blockchain and other nascent technologies. The two-year digital skills course, dubbed “Digital Accelerators” and said to begin in January, will train 1,000 employees on everything from drones, blockchain, and cleansing data to 3D printing, a news report from tech publication Digiday says. The …

Australia Will Develop a Nationwide Blockchain Platform

Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the formation of a data consortium in partnership with IBM and law firm Herbert Smith Freehills for the purpose of building a groundbreaking large-scale, cross-industry smart contract platform for Australian businesses to collaborate and do business within. Australian National Blockchain The platform, which will be …

News Giant Associated Press Partners Blockchain Journalism Startup Civil

The Civil Media Company and The Associated Press (AP) have announced a partnership to license AP news content for use by newsrooms that use Civil. The news was revealed in a blogpost on Civil’s website on Tuesday, August 28. Potential Synergy Between Civil and AP Under the terms of the agreement, AP will deliver news content …

7 Investors Back World’s First Blockchain Bond, Demand From Institutions

The Commonwealth Bank of Australia (CBA) and the World Bank launched the first blockchain bond in the global finance sector this month. Already, institutional investors are showing increasing interest. On August 10, CCN reported that World Bank selected CBA, the biggest bank in Australia, to issue the world’s first blockchain bond based on the Ethereum …

UK Government Pilots Storage of Digital Evidence on a Blockchain

The UK Government has disclosed plans to conduct a pilot project for storing digital evidence on a blockchain. The initiative was revealed in an announcement by Balaji Anbil, Head of Digital Architecture and Cyber Security at Her Majesty’s Courts and Tribunals Service (HMCTS) under the Ministry of Justice. Court Reform In the announcement, Anbil revealed …