Abu Dhabi National Oil Company Partners IBM to Pilot Blockchain Across its Value Chain

Abu Dhabi National Oil Company (ADNOC) has partnered with IBM to pilot blockchain-based transaction management for its commodities right from the oil wells through to its end customers. The automated, blockchain-based, system will encompass oil and gas production management for ADNOC’s entire value chain including tracking, validating, and executing, transactions. As with many blockchain pilots, this one is also expected to increase efficiencies and provide greater stakeholder transparency.  A key differential, however, is this pilot’s application to the entire oil and gas lifecycle where other industry pilots have focused on key…

Power Ledger’s Blockchain Energy Service is Live in Fremantle

Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will participate in the trial that will end next year in June. Efficient Balancing of Supply and Demand During the trial, households will enjoy the flexibility of determining the price at which they are willing to…

Swiss National Postal Service and Telecom Leader to Build Blockchain Platform

Swiss Post and Swisscom will take advantage of their trusted reputation in Switzerland to create a blockchain platform for use by themselves and others that will be based on Hyperledger Fabric2. Swiss Post is publicly owned and the country’s second largest employer. It already uses blockchain technology to record temperature data while transporting pharmaceuticals in the national postal network. It is also running an energy provision and billing pilot for power generating landlords to accurately charge their tenants in collaboration with Energie Wasser Bern. Swisscom is 51% publicly owned and…

Institute Announces Australia’s First Fully Accredited Blockchain Courses

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 learning retreats and online classes. The course is Australia’s first blockchain course to be fully accredited by the Australian Skills Quality Authority (ASQA), making it the first formal and nationally recognized blockchain course in Australia. Nathan…

South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted at various levels of government. In particular, native major tech firm and blockchain development company Tech Mahindra’s Eleven01 gets a lot of love in the region. They’ve now entered a partnership with APIS to promote blockchain in using all means…

7 Major EU Countries to Go Big on Blockchain, What It Means for Crypto

On December 4, seven EU countries led by Malta and France have established a group called the “Mediterranean seven” to encourage and promote the usage of blockchain technology. In the months to come, the seven countries that include France, Italy, Spain, Malta, Cyprus, Portugal and Spain, will work to implement the blockchain in education, transport, mobility, shipping, Land Registry, customers, company registry, and healthcare. The declaration obtained by FT read: “This can result not only in the enhancement of e-government services but also increased transparency and reduced administrative burdens, better…

Binance Blockchain | Binance to Launch the Binance Chain

If it wasn’t enough for Binance to be the biggest crypto exchange by trading volume in the world, such is its popularity that it will now launch its own blockchain. Dubbed the ‘Binance Chain’ (give that genius a can of coke), the new blockchain is due to arrive in the “coming months” according to a Tweet today. The Binance Blockchain The Tweet gave a little more detail. It said the following: “Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the…

Major Indian Business School Issues Blockchain Certs to Combat Fake Degrees

India’s top ten business school, SP Jain School of Global Management, has issued 1,189 blockchain-based certificates to graduands who recently obtained degrees and professional certifications. The certificates which are now live on the Ethereum blockchain will allow prospective employers and other parties to verify the authenticity of a job seeker’s educational qualifications without having to contact the business school. The validation process is intuitive and technical know-how will not be necessary, according to Business World. Neither will additional software or specialized equipment be required as all that a prospective employer…

Thailand Revenue Department to Track VAT Payments using Blockchain

In 2014, the Revenue Department of Thailand had arrested many individuals and investigated about 60 companies for defrauding the department out of $18.29 million worth of baht in value-added taxes (VAT). Since and before, the department has been unable to track a majority of such tax defaulters, losing billions of dollars in the process. So could blockchain be the solution that could minimize tax frauds? The director-general of the Revenue Department believes it can. Ekniti Nitithanprapas, in his latest comments to the Bangkok Post, revealed that their department is conducting a…

Investment Funds Network to Migrate Entire System to Blockchain in 2019

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 (DMI) next year in May. Calastone launches world-first #blockchain powered global funds marketplace in May 2019 pic.twitter.com/fd7UhGYfdE — Calastone (@CalastoneLtd) December 3, 2018 The move is expected to radically transform how funds are traded especially in…