🔴South Korean Government: Blockchain Represents a Golden Opportunity
🔻The South Korean government stated that the blockchain represents a golden opportunity. They have summoned private sectors to concentrate specifically on the blockchain industry.
In a meeting on blockchain technology, South Korea Vice Minister of Strategy and Finance said that the size of the blockchain industry is predicted to grow by more than 80% per year on average, he said that blockchain is a promising technology in the future. The Vice Minister also suggested fundamental rearrangement of the system and running a public pilot project to identify market demands in order to create an initial market.
#blockchain
#government
#adoption
#South_Korea
#goldenopportunity
🔻The South Korean government stated that the blockchain represents a golden opportunity. They have summoned private sectors to concentrate specifically on the blockchain industry.
In a meeting on blockchain technology, South Korea Vice Minister of Strategy and Finance said that the size of the blockchain industry is predicted to grow by more than 80% per year on average, he said that blockchain is a promising technology in the future. The Vice Minister also suggested fundamental rearrangement of the system and running a public pilot project to identify market demands in order to create an initial market.
#blockchain
#government
#adoption
#South_Korea
#goldenopportunity
🔴Blockchain Voting App; A Revolution is Under Way
🔻Upcoming US presidential election in November is under speculation as the coronavirus pandemic may not allow the process to be held as scheduled. blockchain is taking noble measures to address the problem by developing a voting app.
WinterGreen Research and Government Blockchain Association, or GBA, have joined forces to develop a voting app which implements blockchain technology to make fraud detectable. Susan Eustis, President of WinterGreen Research believes that Virtual voting is the best of any recommended solutions for social distancing and mitigating the spread of COVID-19.
#blockchain
#voting
#WinterGreen
#government
#uselections
#coronavirus
#elections
#votingapp
🔻Upcoming US presidential election in November is under speculation as the coronavirus pandemic may not allow the process to be held as scheduled. blockchain is taking noble measures to address the problem by developing a voting app.
WinterGreen Research and Government Blockchain Association, or GBA, have joined forces to develop a voting app which implements blockchain technology to make fraud detectable. Susan Eustis, President of WinterGreen Research believes that Virtual voting is the best of any recommended solutions for social distancing and mitigating the spread of COVID-19.
#blockchain
#voting
#WinterGreen
#government
#uselections
#coronavirus
#elections
#votingapp
🔴China Launches Blockchain-Based Service Network for Commercial Use
🔻On April 25, Chinese government officially announced the public launch of the nationwide Blockchain-based Service Network or BSN for commercial use.
BSN enables blockchain projects to create and run new blockchain applications for a lower cost. Chinese government aims to accelerate the development of smart cities and the digital economy. The developers on BSN created applications to improve public welfare charity, item traceability, and electronic invoices.
China has made great efforts to bring wider blockchain adoption. Moreover, China has been working on its digital central bank currency, noteworthy to mention that Chinese banks were already testing digital yuan.
#blockchain
#digitalyuan
#China
#blockchainadoption
#technology
#commercialblockchain
#digitalcurrency
#government
🔻On April 25, Chinese government officially announced the public launch of the nationwide Blockchain-based Service Network or BSN for commercial use.
BSN enables blockchain projects to create and run new blockchain applications for a lower cost. Chinese government aims to accelerate the development of smart cities and the digital economy. The developers on BSN created applications to improve public welfare charity, item traceability, and electronic invoices.
China has made great efforts to bring wider blockchain adoption. Moreover, China has been working on its digital central bank currency, noteworthy to mention that Chinese banks were already testing digital yuan.
#blockchain
#digitalyuan
#China
#blockchainadoption
#technology
#commercialblockchain
#digitalcurrency
#government
🔴The Necessity of Cryptocurrency in Post-Corona Era
🔺Coronavirus pandemic has revealed the shortcomings and inadequacy of legacy systems and traditional economy. The three pillars that we’ve had faith in all our lives — institutions, government entities and the media — have all failed us. The 2008 crisis destroyed the public’s trust in the banks and eventually led to the birth and proliferation of cryptocurrency. During this pandemic, we’ve realized that The need to replace legacy social systems based on blind trust with decentralized alternatives that are based on fundamental mathematics to empower the individual is now extremely clear.
#postcorona
#cryptocurrency
#cryptocurrencynews
#government
🔺Coronavirus pandemic has revealed the shortcomings and inadequacy of legacy systems and traditional economy. The three pillars that we’ve had faith in all our lives — institutions, government entities and the media — have all failed us. The 2008 crisis destroyed the public’s trust in the banks and eventually led to the birth and proliferation of cryptocurrency. During this pandemic, we’ve realized that The need to replace legacy social systems based on blind trust with decentralized alternatives that are based on fundamental mathematics to empower the individual is now extremely clear.
#postcorona
#cryptocurrency
#cryptocurrencynews
#government
🔴Tencent Aims to Establish 100-Member Blockchain Alliance in 2020
🔺Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, is preparing to bring together 100 organizations this year to establish the Industry Blockchain League. The organizations will work together to bring blockchain standards and development for industrial implementation. Tencent recently announced that it would invest $70 billion over the next five years in fintech, blockchain, AI, and cloud computing.
#china
#government
#blockchainnews
#cloudcomputing
#blockchain
🔺Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, is preparing to bring together 100 organizations this year to establish the Industry Blockchain League. The organizations will work together to bring blockchain standards and development for industrial implementation. Tencent recently announced that it would invest $70 billion over the next five years in fintech, blockchain, AI, and cloud computing.
#china
#government
#blockchainnews
#cloudcomputing
#blockchain
🔴Chinese Stakeholders’ Reluctance to Share Their Personal Data with Government Run Blockchains
🔺Chinese stakeholders’ reluctance to share their privately owned data with centralized government institutions has brought about great challenges for implementation of blockchain technology in China. There are more than 30 related local governments procuring blockchain technology in China. Some of these projects have been forced to shut down in under two years due to lack of supporting data.
#china
#blockchain
#government
#technology
🔺Chinese stakeholders’ reluctance to share their privately owned data with centralized government institutions has brought about great challenges for implementation of blockchain technology in China. There are more than 30 related local governments procuring blockchain technology in China. Some of these projects have been forced to shut down in under two years due to lack of supporting data.
#china
#blockchain
#government
#technology
🔴China Gets Its First Blockchain-Based Public Resource Bidding Platform
🔺China has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform. Public resource bidding is a method utilized by governments to allocate large resources to private and public sector companies that promise to complete a particular project. The bidding platform is expected to help authenticate the credibility of central entities involved in the bidding process and expedite data sharing and security.
#china
#government
#technology
#blockchain
🔺China has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform. Public resource bidding is a method utilized by governments to allocate large resources to private and public sector companies that promise to complete a particular project. The bidding platform is expected to help authenticate the credibility of central entities involved in the bidding process and expedite data sharing and security.
#china
#government
#technology
#blockchain
Blockchain Can Help Find a Cure for COVID-19
Date: Monday, July 27, 2020
The blockchain community is playing an important role in helping to develop pharmaceutical drugs to combat COVID-19. We can strengthen the COVID-19-related research projects by allocating the resources through blockchain-backed platforms. blockchain be used for handling patient data and contact tracing all the way to helping businesses with verifying donations.
#blockchain
#government
#covid19
#technology
#dlt
Date: Monday, July 27, 2020
The blockchain community is playing an important role in helping to develop pharmaceutical drugs to combat COVID-19. We can strengthen the COVID-19-related research projects by allocating the resources through blockchain-backed platforms. blockchain be used for handling patient data and contact tracing all the way to helping businesses with verifying donations.
#blockchain
#government
#covid19
#technology
#dlt
Blockchain Is Part of Australia’s Cyber Security Solution
In a distinguished cyber security and blockchain forum, Australian experts and government officials suggest blockchain is an integral part to protecting Australia’s business and government from cyber-attacks. Blockchain can address the vulnerability of data and crucial information and prevent the manipulation of data centers. experts believe that blockchain can maintain the integrity of the data.
#cybersecurity
#blockchain
#australia
#china
#government
In a distinguished cyber security and blockchain forum, Australian experts and government officials suggest blockchain is an integral part to protecting Australia’s business and government from cyber-attacks. Blockchain can address the vulnerability of data and crucial information and prevent the manipulation of data centers. experts believe that blockchain can maintain the integrity of the data.
#cybersecurity
#blockchain
#australia
#china
#government
President Macron Could Leverage Blockchain to Transform Lebanon Aid
Israeli blockchain startup Orbs has published a letter to French President, Emmanuel Macron. This letter promotes the use of blockchain technology to manage foreign aid following the tragic explosion in Beirut. Blockchain has the unique ability to enable multiple parties who don’t necessarily trust each other to work together in a transparent manner.
#blockchain
#lebanon
#france
#government
Israeli blockchain startup Orbs has published a letter to French President, Emmanuel Macron. This letter promotes the use of blockchain technology to manage foreign aid following the tragic explosion in Beirut. Blockchain has the unique ability to enable multiple parties who don’t necessarily trust each other to work together in a transparent manner.
#blockchain
#lebanon
#france
#government