Blockchain is a system for storing information in such a way that it is difficult or impossible to edit, hack, or trick the system. A blockchain is essentially a digital ledger of transactions that is replicated and distributed across the blockchain’s complete network of computer systems.
Japan’s Prime Minister Fumio Kishida has declared that Web3 and blockchain technology are essential for addressing the country’s societal challenges. He said this during a video address during the ongoing WebX 2024 opening ceremony hosted by Japanese Web3 media firm CoinPost at The Prince Park Tower in Tokyo. Kishida, who ...
Read moreDetailsSingaporean banking giant DBS has launched a blockchain-based solution that leverages smart contracts to simplify and expedite the distribution of government grants. According to local media reports, DBS completed a pilot project in partnership with Enterprise Singapore and the Singapore Fintech Association (SFA). During the pilot, 27 local fintech firms ...
Read moreDetailsThe team behind Canto, a Cosmos-based Layer 1 blockchain, has announced plans for an upgrade on August 12 to address the network’s prolonged 33-hour outage. The blockchain, which launched in August 2022 and is designed for DeFi applications with Ethereum Virtual Machine (EVM) compatibility, has been offline since August 11. ...
Read moreDetailsCalifornia's Department of Motor Vehicles (DMV) has partnered with the Avalanche blockchain and crypto infrastructure firm Oxhead Alpha to modernize the vehicle title transfer process. In a joint statement, the DMV and Avalanche highlighted that this blockchain integration will transform a traditionally two-week title transfer process into a matter of ...
Read moreDetailsThe African blockchain sector experienced a significant downturn in venture funding during the first half of 2024, according to a recent report from Swiss blockchain venture capital firm CV VC. The report revealed a 74% decline in funding compared to the same period last year, with African blockchain startups raising ...
Read moreDetailsThe Nigerian government has unveiled plans to establish research centres dedicated to artificial intelligence (AI), the Internet of Things (IoT), and blockchain technology technologies. The National Information Technology Development Agency (NITDA)’s Director-General, Kashifu Inuwa, represented by NITDA's Director of Corporate Planning and Strategy, Aristotle Onumo, announced this initiative during the ...
Read moreDetailsAptos Foundation has announced a new initiative in collaboration with Alibaba Cloud to promote smart contract programming languages in Japan, signalling an increased focus on the Asia-Pacific region. The partnership, revealed in a blog post by the Foundation on June 28, aims to strengthen Japan's blockchain ecosystem and improve regional ...
Read moreDetailsThe Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has raised alarm over the ongoing turmoil in the country's blockchain sector, particularly highlighting the protracted legal dispute with Binance. In a statement signed by Chairman Lucky Uwakwe Arisukwu, BICCoN warned that the prolonged conflict threatens to damage Nigeria's nascent blockchain industry. ...
Read moreDetailsTaiwanese higher institution National Taipei University of Technology (NTUT) has partnered with cryptocurrency firm Tether to enhance blockchain and digital asset education through its "Blockchain & Digital Asset" program. The program, initially launched in NTUT's College of Management, has quickly become one of the most sought-after offerings in the Information ...
Read moreDetailsRipple has introduced a new fund targeting Japan and Korea to foster innovation on the XRP Ledger (XRPL) in another move to further its expansion plans in the Asia-Pacific region. The XRPL is Ripple's flagship product. It is a public, open-source blockchain designed for corporate use and to facilitate real-time, ...
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