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Ant Group Launches Blockchain Based-Platform to Help SMEs with Cross-Border Trade

September 25 2020

“Ant Group, China’s largest digital payments provider by volume, has launched a blockchain-backed smart contract platform for cross-border trade by small and medium enterprises (SMEs), helping them and banks to speed up the secure processing and settlement of orders. Ant, the operator of mobile payments app Alipay, launched Trusple at the INCLUSION Fintech Conference in Shanghai on […]

Tech

Spanish Banks Complete Tests of Programmable Payments for Smart Contracts

July 15 2020

“Banco Sabadell, Banco Santander, Bankia, BBVA and CaixaBank have successfully completed a proof-of-concept test to enable the execution of payments triggered by smart contracts in blockchain networks. The initiative, coordinated by Iberpay, the company that manages the Spanish Payment System (SNCE), confirmed the viability of employing blockchain technology to the payments sector, allowing the automatic […]

Providers

Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

April 22 2020

“The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country’s largest financial institutions. Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network , in conjunction with the central bank and […]

Tech

States that are passing laws to govern “smart contracts” have no idea what they’re doing

March 30 2018

in
Smart contracts

“Like it or not, we seem to be stuck with the term “smart contract.” The technology, which can be used to automate transactions on a blockchain, is still so new that no one really agrees on its definition. Nevertheless, several states in the US are moving quickly to codify it into their laws—which, given where things stand, […]

Systems

Versabank to Launch VCAD, World’s First Bank-issued, Deposit-based Digital Currency

February 24 2021

“VersaBank (TSX: VB) (“VersaBank” or the “Bank”), a North American leader in business-to-business digital banking and technology solutions for cybersecurity, today announced it plans to launch a strong encryption based digital currency (cryptocurrency) represented one-to-one by a Canadian dollar bank deposit with the Bank, to be known as VCAD. VCAD is expected to be the […]

Tech

BlockApps and Schweitzer Laboratories partner to build campaign finance compliance system, 4US, restoring trust and confidence in the political financing process

December 17 2020

“Campaign finance is central to the functioning of America’s democratic system, yet it is wrought with public mistrust. A 2019 Gallup study found that only 20% of Americans are satisfied with the nation’s campaign finance system. While much focus has been put on proposed adjustments to the regulatory regime through policy initiatives, little attention has […]