Major Canadian Bank Files Patent To Make Credit Scores ‘Transparent’ Via Blockchain

The Royal Bank of Canada (RBC), reportedly the country’s largest bank, filed a patent for a credit score platform using Blockchain technology this past fall, according to the patent application from the US Patent and Trademark Office released March 15. The patent describes a Blockchain-based credit score platform where “credit records are recorded using blocks linked by identification data. The …

China Gov’t-Linked Investment Org Plans Int’l Blockchain Center, Leaked Doc Says

The government-linked Investment Association of China (IAC) is planning to create an “International Blockchain Investment Development Center,” aimed at introducing industry standards and Blockchain investment alliances and funds, local news outlet The Paper reported March 14. The IAC is a national social organization registered under the Ministry of Civil Affairs of the People’s Republic of China. The Paper cites a …

Major Canadian Bank Files Patent To Make Credit Scores ‘Transparent’ Via Blockchain

The Royal Bank of Canada (RBC), reportedly the country’s largest bank, filed a patent for a credit score platform using Blockchain technology this past fall, according to the patent application from the US Patent and Trademark Office released March 15. The patent describes a Blockchain-based credit score platform where “credit records are recorded using blocks linked by identification data. The …

China Gov’t-Linked Investment Org Plans Int’l Blockchain Center, Leaked Doc Says

The government-linked Investment Association of China (IAC) is planning to create an “International Blockchain Investment Development Center,” aimed at introducing industry standards and Blockchain investment alliances and funds, local news outlet The Paper reported March 14. The IAC is a national social organization registered under the Ministry of Civil Affairs of the People’s Republic of China. The Paper cites a …

South Korea’s Largest Crypto Exchange Bithumb To Supply Crypto Kiosks To Restaurants

South Korean-based crypto exchange Bithumb has announced plans to supply kiosks to restaurants and cafes with an option for customers to pay for their food orders with their Bithumb crypto holdings, local news outlet Zdnet reported March 7. The kiosk brand, called Touch B, is the result of a February partnership between Bithumb and kiosk manufacturers Unos Space, Tros Systems, …

Huawei’s Patent For Blockchain-Based System To Protect Intellectual Property Unveiled

A Blockchain-based patent application filed by the telecom and networking giant Huawei was published by China’s State Intellectual Property Office on Tuesday, March 6.  Shenzhen-based Huawei initially filed its patent application on Aug. 15, 2016. The document describes a Blockchain-based verification system for protection of intellectual property rights for digital content within a peer-to-peer (P2P) network. The Blockchain network, as …

Hacked Mt. Gox Funds Linked To UK ‘Shell’ Company As Creditors Await $400mln

Unofficial investigations into money laundering at defunct cryptocurrency exchange Mt. Gox alleged that a UK “shell” company was involved in laundering 650,000 BTC (equal to about $6.9 bln at press time) March 7. According to an expose by File On 4, a program on the BBC’s news and current affairs radio station Radio 4, the Always Efficient LLP company participated …

Son Of Wu-Tang Clan’s ODB To Launch Own Coin Via ICO To Support Music, Brand

Hip Hop artist Young Dirty Bastard, the son of late rapper and producer Ol’ Dirty Bastard of the Wu-Tang Clan, is launching his own cryptocurrency in an Initial Coin Offering (ICO), he announced in an interview with Yahoo Finance Tuesday, March 6. Bar-Sun Unique Jones, originally from Brooklyn and better known by his stage name Young Dirty Bastard, claimed in …

GE Transportation Joins Global Blockchain Trade Association

GE Transportation, a global supplier of railroad, mining, marine, drilling, and energy generation equipment, announced that it joined the Blockchain in Transport Alliance (BiTA) in a press release published March 1. The trade association consists of more than 230 participants including UPS, FedEx, Penske Logistics, and Warren Buffet’s BNSF Railway, with a collective revenue exceeding $1 trillion, according to the …