Tag: Blockchain News

What Does the Major Consulting Firm McKinsey Think about the Blockchain, or There Is No Practical Use

McKinsey & Company, the major financial consulting company, insists, that for now, there are no evidences of the practical use of the Blockchain technology. For now, the company reported a revenue of more than 10 billions of USD, with more than 27,000 employees globally. The three McKinsey partners published an article, where they insist, that

Restrictions over Crypto-Based Derivatives in EU

The European Securities and Markets Authority decided to extend restrictions on CFDs, of Contracts for Differences, including those that are crypto-based. The agency has announced about it on the 28th of September. A CFD is a contract that is made between a buyer and a seller. The contract indicates, that the difference between the current

Blockchain Based Payment System in UAE, Dubai

The Dubai Department of Finance, in collaboration with Smart Dubai Office, has launched h a blockchain payment system for UAE. The new platform is going to be called Payment Reconciliation and Settlement, and it was launched on the 23rd of September 2018. Now, it works mostly for government entities, like Police, Roads and Transport Authority,

Iceland Shifts from Crypto-Mining to Blockchain Business

The industry of Iceland is going to move from mining industry to pure blockchain industry. A number of local insiders have reported about this intention to a couple of media sources. Halldór Jörgensson, chairman of Borealis Data Center, informed, that the need of the country shifts from mining business to pure blockchain business. So bitcoin

IBM CTO: Government Should Get Ready to Blockchain

IBM and the US Congressional Blockchain Caucus members discussed how the blockchain can be applied for ID systems, making payments, organizing supply chains and so on. Recently, IBM has published a report that is called ”The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” . the report was prepared in collaboration

South Korean Government Will Support Blockchain Startups

MSICT, the Korean Ministry of Science and Informaiton Communications Technology, has requested for more support in order to facilitate the growth and to provide more support to the country blockchain industry. Min Won-ki, the Second Minister of Science and ICT, organized a meeting with the representatives of the blockchain startups, which have been already called