Blockchain technology news

Skycoin, a decentralized blockchain company are looking to expand their scope by breaking into the Korean market.

Hong Kong-based IT company Libellum Ltd has announced the launch of its innovative new supplier verification, product certification, and compliance platform. Libellum aims to make purchasing from China as secure as possible by blockchain technology as well as partnering with the world’s largest third-party testing companies. E-commerce and Third Party sellers are growing rapidly and the need for verified suppliers is growing exponentially, as many buyers fall victim to the scams of illegitimate suppliers.

ConsenSys has officially launched a 12-week Ethereum Blockchain developer programme in full support of one million (1m) Arab Coders, a development by the Dubai Future Foundation, created to array and fully equip juvenile Arabs with coding skills and education.

Kaspersky Labs has recently conducted research proving that Ethereum is the most frequent digital currency used for fraudulent activity. Being the most well-known cryptocurrency after Bitcoin, Ethereum seems to be the perfect option for scammers to perform illicit business and remain anonymous.

In the industrial revolution 4.0, Blockchain is considered as the key technology for digital transformation and building of information technology platforms in the future. Thanks to its unique features, Blockchain technology will open up a potential application trend in many areas, first of all in the field of Game.

Singapore – The hospitality sector is the second largest contributor to the global travel industry and it is currently dominated by online travel agents. OTA's generate around 70% of online hotel bookings and this has impacted hotel's direct bookings, profit margins and loyalty programs.

South Korea's Jeju island is forthputting a great plan to Blockchain zoar wherein Initial Coin Offerings (ICOs) would be accepted in the sovereign province regardless of the ongoing prohibit in the mainland.

Larry Sanger, one of the founders of Wikipedia, has launched a new project called Everipedia. Everipedia is nearly like a Blockchain development of Wikipedia and targets to let sharing of knowledge to the Blockchain, via offering token as incentives to content creators. By forming an incentive system for content creators and all writers, Everipedia will be a more dependable and more resourceful option to Wikipedia.

Several financial regulators from various countries around the globe have collaborated to create a new network to batten, encourage growth and development of important financial technologies such as Blockchain technology.