Entries by Steve

XYO Network Announces Esri Partnership for a Blockchain Geo-Location Data System

XYO Network, the technology behind decentralized location network, has announced an apparent alliance with Esri as a move to bring a blockchain-based location verification function. Esri, a global-leading location intelligence company, is one of the oldest providers of geographic information system (GIS) and mapmaker, with its founding back in 1969. In the press release, Esri’s […]

BBVA Issues $170 Million Loan To Porsche Using Blockchain Technology

BBVA, the second largest bank in Spain, has officially closed a loan worth $170 million using blockchain technology. Banco Bilbao Vizcaya Argentaria (BBVA) reported on December 14 that the multimillion-dollar loan between the bank and Porsche Holding Salzburg, Europe’s largest car distributor, was to help the Volkswagen subsidiary make strategic acquisitions in their Europe and […]

[New Facebook Rumor] Social Media Giant Eyes Blockchain Payment Product in a Hiring Spree of Developers

Back in May 2018, Facebook formed a cryptocurrency team to explore the possibilities, and today it removed a roadblock to revealing its secret plans. Blockchain could help tackle some of Facebook’s most bothersome problems, like identity verification or advertising sales. It’s also the technology behind most cryptocurrencies, logging ownership and transfers of the digital tokens. […]

Financial institutions fighting money laundering warm to blockchain technology | Modern Consensus

Enterprise blockchain software firm R3 recently completed a proof of concept test of its Know Your Customer (KYC) application built on its Corda blockchain platform, French financial institution RCI Bank and Services announced on Dec. 3. KYC requirements are part of the due diligence needed to meet Anti-Money Laundering (AML) regulations, an important but time- […]

All But 2 of Top 25 Exchange’s Volume are Accurate

Report: BTI Reveals Inaccurate Trading Volume Recording Among the Top 25 Crypto Exchanges The Blockchain Transparency Institute has recently unraveled its annual “Exchange Volumes Report” this December 2018. The report by BTI finds only two crypto exchanges, out of the top 25, accurately report their trading volumes. The apparent flaw sees cryptocurrency exchanges say exaggerated […]

Blockchain and Real Estate | Harbor

From left: Josh Stein, Stephane De Baets (Credit: Harbor, Elevated Returns) Real estate’s much-anticipated affair with blockchain technology seems to be becoming a reality. Just as investors in real estate investment trusts can buy shares that represent an ownership stake in a piece of large trophy assets, a digital security token offering functions much the […]

Ripple’s Blockchain Used as Payment Processor for Turkey’s Akbank and Santander Bank Transfer

Part of Ripple’s appeal is their ability to perform cross-border transactions with such fast processing times. Predominantly, their technology has been used for their own company, but it looks like traditional banks are looking to employ it as well. A recent announcement shows that Akbank, an institution in Turkey, employed their help in a transaction […]