The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives. 

Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government budget, the plan outlines $4.95 million in support for “two blockchain pilots directed at reducing business compliance costs.” Morrison said:

“The plan supports Australia’s economic recovery by removing out-dated regulatory barriers, boosting the capability of small businesses, and backs the uptake of technology across the economy.”

Piper Alderman partner Michael Bacina told Cointelegraph that these two projects are important “to help demonstrate and unlock the value of blockchain”:

“With blockchain adoption accelerating around the world, this funding is a very welcome boost to the Australian blockchain industry and our local expertise.”

As part of the plan, $480 million has been designated for various technological initiatives that could intersect distributed ledger technologies, including $183 million towards a new

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  • $100 million startup BRD announced new partnerships with high-profile cryptocurrency companies to work with its developer platform Blockset, a suite of tools to allow large enterprise companies to build blockchain applications.
  • The company zeroed in on established firms in the finance world like Deloitte, Fidelity Investments, and KPMG, which is using Blockset to build crypto infrastructure for big banks.
  • This comes a few months after the US announced that any national bank could offer cryptocurrency services, legitimizing a once rogue area of finance. 
  • Hundreds of companies now use Blockset for their enterprise infrastructure.
  • Visit Business Insider’s homepage for more stories.

$100 million blockchain startup BRD rolled out cryptocurrency tools and partnerships now used by Deloitte, KPMG, and Fidelity as part of its mission to make cryptocurrency more accessible

$100 million blockchain startup BRD rolled out cryptocurrency tools and partnerships now used by Deloitte, KPMG, and Fidelity as part of its

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Estimates suggest there are 400 million tons of plastic produced each year, which is projected to more than double by 2050. Around 40% of plastic packaging is said to be landfilled, with another 32% leaked into the environment and not reused, according to the World Economic Forum.

But recycling is a difficult business. The whole process is full of inefficiencies, has many stakeholders, and a lack of digital data to track a product’s journey from creation to destruction. The challenge for the the recycling business is supply chain visibility and traceability.

Irvington, NJ-based recycling technology solutions provider RecycleGO is using Hyperledger Fabric, an open-sourced blockchain framework to build a platform for any type of recyclable material to be tracked throughout its lifecycle.

By tracking activity on a decentralized ledger, its blockchain solution will provide traceability and accountability throughout the recycling journey

Phase 1 of the multi-phase project will allow project

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Online education was gaining significant momentum with colleges and universities, even before the coronavirus pandemic. But as dozens and dozens of schools, like USC, Harvard, Rutgers, George Washington University, and UNC at Chapel Hill, take all or some of their Fall 2020 semester online in response to COVID-19, technology is playing an increasingly important role in higher education, both in term of the classroom and student administration. Tasks that were once conducted face-to-face, now have to be accomplished remotely. Blockchain could help schools perform some of these administrative tasks with more security and transparency.

At Salesforce’s Dreamforce 2019 conference, I had a chance to speak with Donna Kidwell, CTO at EdPlus at Arizona State University, about the institution’s plans for blockchain. Kidwell explained that ASU has a goal of supporting 100,000 online learners by 2025. They are already have 55,000 students. Blockchain will play a key role in helping them

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There’s a thesis emerging that amid the terrible pandemic challenges, people are more receptive to a wider range of policy options now than they were at the start of the year.

Mauro Guillén, a professor of management at the University of Pennsylvania’s Wharton School of Business and author of the new book “2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything,” spoke with “Marketplace Morning Report” host David Brancaccio about this. The following is an edited transcript of their conversation.

David Brancaccio: You note that the birth rate in many parts of the developed world is down. Populations in Germany, certainly Japan and here in the U.S. are getting older. But one exception you’ve identified is Africa. And you see that as a great economic strength for a region that has long been damaged by the legacy of colonialism and bad governance?

Mauro Guillén:

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  • The US Postal Service has filed a patent for a “reliable voting system” that would use blockchain technology to improve the security and transparency of election results, Forbes reported on Friday.
  • The patent proposes sending voters a unique code in the mail which they can then use to verify their identity and cast their vote online, and then storing that information on the blockchain to ensure votes aren’t tampered with, according to a patent application made public last week.
  • The patent is still pending, meaning it wouldn’t be used in the upcoming November presidential election, but offers a novel tool for guarding against concerns like double voting.
  • Trump thrust the USPS into the spotlight last week by admitting he’s refusing to fund it in an effort to sabotage mail-in voting, which he has falsely claimed is linked to voting fraud.
  • Visit Business Insider’s homepage for more stories.

The US Postal

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Blockchain is the most dynamic invention of this modern era.From the many technological advancements influencing the current business world, blockchain plays a significant role in transforming organizations into cognitive enterprises. Blockchain enhances stakeholders’ interactions by optimizing them and making them more efficient. Also, the technology enhances trust among the stakeholders by recording every transaction and making it immutable.

Even though many entrepreneurs have been approving of this ingenious technology, the mass adoption is yet to happen. This is mainly because of the lack of extensive blockchain consulting services. Like any other business, blockchain has its own share of highs and lows with crypto price volatility issues. And because of the lack of proper understanding, people tend to believe that blockchain is not ready for mass adoption due to scalability and security issues. To break this myth, people should gain an in-depth understanding of the technology. Here, in this blog, we

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