South Korean Tech Giant Kakao Invests in Blockchain Project Orbs

Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes with production-ready scalability. Kakao, on its part, is an internet business giant that has made headlines for pushing to integrate crypto payment solutions across its range of interests which include ride-hailing, instant messaging, payment processing, and…

UCLA Launches First Accredited Blockchain Engineering Course

Blockchain courses are being adopted by more institutions as a way of teaching and equipping the next generation of crypto engineers to meet the ever-increasing demand for the technology and its applications. Now, the University of California, Los Angeles (UCLA) is gearing up to offer its first blockchain engineering course, thanks to a sizable donation from MouseBelt Blockchain Accelerator.  UCLA to Offer Accredited Blockchain Course The university, which previously organized blockchain and cryptocurrency seminars through its Anderson School of Management, has now announced that it will be running a full technical…

‘Crypto Congressman’ Floats Blockchain to Help Fund Trump’s Border Wall

Yesterday, US Rep. Warren Davidson (R-OH) stated in an interview with NPR that blockchain technology could potentially be used as a means to fund the border wall that has become little more than a political football in Congress, with President Donald Trump recently threatening a government shutdown if congressional Democrats fail to deliver funding for the national security project on which he based his presidential campaign. Davidson and other Republicans have been investigating alternative means to fund the wall if federal funding fails to materialize. Crowdfunding and voluntary contributions from the…

HTC Exodus 1 Blockchain Smartphone Will Ship with Brave Browser

The Exodus 1 is HTC’s cryptocurrency and blockchain oriented phone. It’s designed as a native blockchain mobile and to work securely with cryptocurrency and decentralized applications (dApps). Revealed in a recent tweet by co-founder Brendan Eich, who also developed the Firefox Mozilla browser, Brave will be HTC’s default browser. We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa — BrendanEich (@BrendanEich) December 8, 2018 The HTC Exodus 1 is built with the decentralized promise of blockchain in mind.…

IBM Aims to Provide Blockchain Solutions to India’s Telecommunications Operators

Tech giant IBM has hinted that telecommunication firms in India could soon be using blockchain solutions in mobile number portability and in the Do Not Call registry. According to the IBM Research vice president and CTO of IBM India/South Asia, Sriram Raghavan, the tech giant could launch blockchain solutions focused on Do No Call registries and mobile number portability for Indian telcos as early as next year. “We have completed proof of concepts and pilots with all the major telecom providers and with TRAI [Telecom Regulatory Authority of India] in…

Pro-Crypto French MPs Want to Invest 500 Million Euros to Make France ‘Blockchain Nation’

Two pro-crypto members of the French Parliament (Parlement français) want the country to invest up to 500 million euros in blockchain programs to elevate France as a “blockchain nation.” Deputies Jean-Michel Mis and Laure de La Raudière released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain, according to French financial newspaper Les Echos. “2019 will be the year of the blockchain in France,” Jean-Michel Mis said in the report, according to a rough translation. “This 10-year technology is moving out of the…

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM Institute for Business Value, a business-research group. In its executive report entitled “Daring to Be First,” the IBM Institute says blockchain can revolutionize the auto industry by bringing transparency to supply chain management and financial transactions.…

Vermont Govt. Forms Working Group to Explore Blockchain Technology

The second-smallest state in the United States by population has formed a working group consisting of state agencies with a view toward studying blockchain technology. This was announced by Vermont’s attorney general, T.J. Donovan, who disclosed that the blockchain working group would commence work next year in January. The working group — which will seek input from stakeholders, blockchain associations, and other experts in the industry — will be made up of four state agencies: the Agency of Commerce and Community Development, the Secretary of State, the Department of Financial…

State Farm is Testing Blockchain to Expedite Auto Insurance Claims

Insurance is one of the golden geese of the blockchain, an industry with so much paperwork, sensitive data, and manual processes that it almost seems obvious that it will eventually adopt blockchain technology to streamline its claims processes, data storage, and even — eventually — its payments. State Farm is among the first notable insurance carriers to announce that it is investigating such a move as regards the claims payment process. In insurance, subrogation is when one insurance company settles a debt with another. According to a recent statement by…

This Privacy-Focused Interoperable Blockchain Bridges Ethereum and Bitcoin

“Wanchain is a separate, independent, public chain,” CEO Jack Lu says on a recent December morning. He explains that it is essentially a fork of Ethereum which integrated a lot of privacy-focused changes and primarily focuses on cross-chain compatibility. Wanchain wants to be the bridge between blockchains, allowing multi-crypto transaction execution in a private manner. Officially, in text, it describes itself as “the world’s first and only interoperable blockchain with secure multi-party computation.” Wanchain layman might think of it like Ethereum + Monero with a hint of ShapeShift. Wanchain seeks…