Chinese Insurers Tap Blockchain to Speed Coronavirus Payouts – CoinDesk

Blockchain technology is reportedly helping to streamline medical paperwork processing for insurance service providers as global coronavirus containment efforts continue. Leveraging blockchain’s ability to process information transparently and efficiently, insurance service providers are relying on the technology to speed claims payouts in over 27 coronavirus affected Chinese cities, as well as Hong Kong, according to […]

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Paystand Raises $20M to Be Blockchain-Based ‘Venmo’ for Commercial Payments – CoinDesk

Paystand, a platform using blockchain technology to automate commercial payments, has raised $20 million in Series B funding. Backing the round are a number of VC firms including DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners and BlueRun Ventures also took part. Paystand aims to makes complex […]

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US Food Inspectors to Test IBM Blockchain for Export Certifications – CoinDesk

IBM is building a blockchain proof-of-concept for the Food Safety and Inspection Service (FSIS), the food safety hawk within the U.S. Department of Agriculture (USDA), that will help it evaluate how blockchain can optimize export certification systems. FSIS inspectors verify documents, stamps, shipping containers and at least a sample of the export product itself against […]

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Libre Not Libra – Thinking Critically About Facebook’s Blockchain Project – CoinDesk

In “Libre Not Libra: Facebook’s Blockchain Project,” Andreas answers the burning question… Has he tried haggis? Just kidding… He shares his thoughts on the recently released Libra whitepaper, as part of a permissioned blockchain project spearheaded by Facebook. Years of jokes about “FaceCoin” and “ZuckBucks” have finally come to life – sort of. In a […]

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‘Key Milestone’ for Hyperledger as Fabric Blockchain Platform Reaches 2.0 Release – CoinDesk

Enterprise blockchain project Hyperledger has released the most significant update of its DLT framework Fabric since launch in July 2017. The Hyperledger Foundation announced Thursday that Fabric 2.0 is designed to improve the usability and performance for the end user, with updates including new features such as decentralized governance for smart contracts and several enhancements […]

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Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense – CoinDesk

The founder of blockchain marketplace Opporty said the Securities and Exchange Commission’s (SEC) legal case against the firm could have repercussions for other crypto companies. In an eight-page open letter to the crypto community Tuesday, founder Sergii “Sergey” Grybniak claimed the firm followed all regulatory guidance available at the time of Opporty’s 2017–2018 initial coin […]

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Blockchain Association Sides With Telegram Against SEC, Says Grams Are Not Securities – CoinDesk

The Blockchain Association, a U.S. advocacy group uniting the industry’s leading startups like Coinbase, Circle, 0x, Ripple and others, has filed an amicus curiae brief in the ongoing SEC vs. Telegram case. It’s the second industry’s motion in as many days to support Telegram’s fight against the SEC allegation it broke the U.S. securities law […]

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