The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release.
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Online retailer Amazon this week received feedback that its hypothetical creation of an “Amazon Coin” would be positively received, while Starbucks, another large traditional consumer company, spoke of plans to use Blockchain on the Starbucks app, also hinting of the possibility of creating their own currency for the app’s use.
The Vice-Minister of the Russian Ministry for Telecom and Mass Communications (Minkomsvyaz) has stated that, in order for Blockchain technology to be adopted at the government level, it will be necessary to create a platform which does not involve mining, reports local news source RNS on March 1.
The Chinese e-commerce giant JD.com is implementing Blockchain to track the supply chain of its meat sales, Business Insider reports on March 3.
An established technology company is using Blockchain to dismantle barriers to entry for manufacturing firms and their buyers, with a new platform billed as “the way forward into the Industrial Revolution 4.0.”
Kakao, the service provider for major South Korean mobile messaging app KakaoTalk, will be establishing a Blockchain subsidiary tentatively named “Kakao Blockchain” and is considering launching an Initial Coin Offering (ICO), Huffington Post Korea reported today, March 5.
Following last month’s launch of the Venezuelan government-backed Petro coin, Cambodia is considering launching its own crypto project named Entapay, a press release for the Association of Southeast Asian Nations (ASEAN) Blockchain Summit reported March 2.
GE Transportation, a global supplier of railroad, mining, marine, drilling, and energy generation equipment, announced that it joined the Blockchain in Transport Alliance (BiTA) in a press release published March 1.
German car manufacturer BMW has allegedly closed a second partnership with a Blockchain startup, this time to source ethical cobalt for its products, Reuters reports March 5, citing the startup’s CEO.
The European Commission, the EU’s executive arm, is set to reveal plans for a joint regulatory effort on fintech, including Blockchain, Reuters reported Monday, March 5.