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Category: Blockchain (page 1 of 3)

Aus, Singapore completes blockchain-based trial of cross-border trade docs 

A trial testing interoperability of two digital verification systems based on blockchain tech has been completed by Australia Border Force and two Singaporean authorities. It proved trade documents can be issued and verified digitally (paperless) across two independent systems, making trade faster and simpler, instead of waiting days for physical documents to be sent and approved across multiple recipients.

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Microsoft, ballot makers join hands to allow voters to track vote

Microsoft’s vote tracking system will now be integrated into Hart InterCivic Inc voting machines making them the first company to do so. This program will help people confirm if their vote was cast or not and will add an extra layer of security. Customers across 500 jurisdictions and 17 states will have the final say, whether to adopt the program or not. The voting process remains the same, in the end, voters will get a paper with a QR code that can be used to track their ballot.

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IBM announces acquisition of Salesforce partner Waeg

IBM announced that it will buy Salesforce consulting partner Waeg. The Brussels-based firm will help IBM in the expansion of services and support of hybrid cloud and AI. Waeg has a total of 130 employees, who are called ‘Waegers’, across countries like Belgium, Denmark, France, Ireland, Poland, Portugal, and the Netherlands. Waeg’s expertise in Salesforce consulting services will help the tech giant in creating intelligent workflows. The terms of the deal, however, were not disclosed.

Samsung Galaxy phones to receive update for blockchain support

Samsung said that it will be extending support to blockchain users trading virtual assets on Galaxy devices. The decision has come at a time when Cryptocurrency’s popularity and valuation are at an all-time high. Samsung users will be able to easily manage their virtual assets by storing them in the Galaxy smartphone blockchain wallet. The wallets are protected by its defense-grade Knox security platform. It will also provide news from CoinDesk.

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Face ID scanner sensor size in iPhone 13 will be smaller

News reports suggest that Apple will cut the size of its face ID scanner by 50% in the iPhone 13. The size of the notch can be decreased if the sensor is hidden behind the display or made smaller in size. Apple could reduce the die itself for VCSEL chips used for 3D Face ID scanning by up to 50%. The reports claimed that the chip size of only Face ID camera to be reduced, but the same chip is used in LiDAR on the rear camera.

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India missing out on multi-billion-dollar companies as it denies Crypto dealings

Binance CEO Changpeng Zhao, in an interview with ET, said that due to regulatory inconsistency and lack of information in India about crypto exchanges, it may miss out on many $50-100 bn companies. It may cause an adverse impact for companies relying on financial services and make these industries dependent on global service providers instead. Zhao said they have blockchain tech to prevent scams, as only 0.01% of such activities have happened on Binance.

SBI, JPMorgan’s partner to use blockchain-based payment network

SBI and JPMorgan have teamed up to use the US bank’s blockchain tech to speed up overseas transactions. The partnership will reduce SBI customers’ transaction costs, time taken for payments and make it easier to resolve cross-border payments-related inquiries to a few hours from up to a fortnight. Venkat Nageswar, deputy MD – international banking group, SBI said that they are excited to be the first bank in India to go live on the network.

Airtel, Qualcomm partner to push 5G in India

Airtel is collaborating with Qualcomm to fast-track the implementation of 5G services in India. The telco will use Qualcomm’s 5G RAN platforms to roll-out virtualised and Open RAN-based 5G networks. The telecom giant said both companies were planning to work on developing 5G FWA for faster broadband connectivity and on introducing cost-effective broadband services as well. Airtel is also hoping to venture into newer fields like VR and Smart Homes.

Aussie big bank-backed IBM blockchain platform Lygon mints first guarantee

Lygon, an Aussie platform of ANZ bank, the Commonwealth Bank of Australia, Westpac, IBM and shopping centre company Scentre Group announced minting industry’s first standardised digital bank guarantee using blockchain tech. The group, formed in July 2019, claimed that it was the first time blockchain has been used for a commercial banking product in Australia. The Lygon platform runs on the IBM public cloud and leverages it Blockchain Platform.

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