Blockchain technology news

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.

Fedor Bondarchuk, a famous Russian producer and director, will create the first blockchain-based platform in partnership with country’s top businessmen to finance film production.

Frederick Smith,  Chairman and Chief Executive Officer of U.S. Logistics giant FedEx, is more zealous on his commitment to clasping blockchain technology as one major way for the long-existing company to maintain its position in a vigorously changing digital world.

The IT Electronics giant, a South Korean multinational electronics company, LG has launched its enterprise blockchain platform that according to developers can be put into various numbers of practical use in different sectors like manufacturing and finance.

French supermarket group Carrefour announced on Tuesday that it would enlarge its food traceability system based on Blockchain technology to add eight more products by the end of this year. At the present moment, the fintech programme includes only some chickens.  

The South African Reserve Bank announced on February 13 that it is working with the Brooklyn-based Ethereum startup ConsenSys on a trial program using JP Morgan’s open source blockchain platform Quorum. It will help to deal with interbank clearing and settlement.