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.
Cryptocurrency Ether, the token transacted on the ethereum blockchain, witnessed a 3% rise on the Bitstamp exchange to touch $3,144 to set a new record. The present value of the digital currency has jumped 325% higher in the year so far, outgrowing a 95% rise of bitcoin. Both Ether and Bitcoin soared over 100% this year and hit a 2.5-year high on the last Sunday. The rise in Ether highlights the fact that investors are diversifying their exposure.
Birlasoft said it would adopt a platform-based strategy to offer a faster and outcome-based digital transformation solution to clients by investing in developing platforms for core industry processes. Revenue for the quarter ending December rose 5.7%, while profit jumped 32.6%. The first set of platforms will bring together the combined power of digital techs such as cloud, automation, IoT, edge computing, artificial intelligence, 5G and blockchain, said CEO Dharmendra Kapoor.
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.
The govt will explore the use of blockchain tech to ring in the digital economy. “The government will explore the use of the blockchain technology proactively for ushering in the digital economy,” Minister of State for Finance Anurag Singh Thakur said in a written reply in Rajya Sabha. The MoS said that the govt does not consider crypto-currencies legal tender and will take measures to eliminate the use in financing legal or illegitimate activities.
IT firm Tech Mahindra and telecom analytics solution provider Subex joined hands to drive adoption of blockchain-based solutions for telecos across the globe. These solutions will reduce fraud, drive operational efficiencies for telcos by reducing compliance issues and faster time-to-market. Tech M will use its capabilities in OSS and BSS domain, while Subex’s will exploit its blockchain network and the capabilities of an enterprise-grade DLT network.