Blockchain News

Chronicled raises $16 million in series A funding round to expand networks and team

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US blockchain-based smart supply chain platform builder Chronicled has raised $16 million (£12.4m) in a series A funding round led by Mandra Capital and with participation from Streamlined Ventures, The Perkins Fund, Frank Fiore, and David Aho. Chronicled is currently piloting the MediLedger Network with a group of major companies, including manufacturers, solution providers, and […]

Blockchain News

Ford, IBM and RCS Global among companies launching blockchain pilot for mineral supply chain

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Five distinct multinational organisations have joined forces to bring transparency into the global mineral supply chains by implementing the blockchain technology. In order to show their support to human rights and environmental protection, Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global have come together to use the technology to trace and validate […]

Blockchain News

South Korea to waive tax on blockchain tech – reports

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The South Korean Ministry of Strategy and Finance has added 16 areas to its research and development tax credit initiative – including blockchain technologies. According to TheNews.Asia, the proposed amendments to the enforcement decree of the 2018 tax law are scheduled to become effective in February. The country offers R&D tax break through a hybrid […]

Blockchain News

New York City still banking on blockchain – reports

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The New York City Economic Development Corporation has said that its blockchain centre in Manhattan will be opening, according to a Bloomberg report. The initiative has taken place as a part of a partnership with venture-capital fund FuturePerfect Ventures and the Global Blockchain Business Council. New York itself has contributed $100,000 to the new Blockchain […]

Blockchain News

CCID announces latest blockchain technology assessment: Ethereum and EOS top, Bitcoin struggles

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China’s Centre for Information and Industry Development (CCID) has announced an eighth update of its Global Public Blockchain Technology Assessment Index (GPBTAI), with EOS top of the list with a total score of 156.1 points, followed by Ethereum with an assessment index of 136.4. GXchain outplaced BitShares to assume the third position in the list, […]

Blockchain News

Ethereum Classic suspended from Coinbase after transaction irregularities

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Coinbase has announced it is pausing interactions with the Ethereum Classic (ETC) blockchain after detecting a ‘deep chain reorganisation’ including alleged double spends totalled at more than $1 million. The arbiter claimed there were several instances noted where chains were being replaced at a greater length than previously and that operations were being suspended to […]

Blockchain News

ConsenSys partners with AMD and Halo Holdings to create W3BCLOUD

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American software firm ConsenSys has partnered with semiconductor manufacturer AMD and Abu Dhabi-based Halo Holdings to create a blockchain-based throughput solution ‘W3BCLOUD’, which will help develop optimised solutions that will be powered by AMD hardware. The hardware is competent enough and support multiple workloads and applications for commercial enterprises and governments. The W3BCLOUD will be […]