Blockchain 

Ernst & Young Unveils Blockchain Solution for Government Spending

The crypto space has come a long way over the past few years, and so has the blockchain solution space. While it is true that for most people, crypto and blockchain are synonymous, it needs to be kept in mind that the latter is a form of technology that has a wide variety of uses. Nowadays, many of the world’s biggest firms are making attempts to use blockchain technology, and the latest in the line is consultancy giant Ernst & Young. The company announced that it is all set to…

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Cryptocurrency 

Alibaba and Tencent all Set to Get First Chinese Government Cryptocurrency

Ever since cryptocurrencies first captured the global consciousness a few years ago, several institutions from around the world have expressed their willingness to issue crypto tokens of their own and the most recent one is the Chinese central bank. A few weeks ago, it emerged that People’s Bank of China was all set to issue its own cryptocurrency and now it has emerged that the cryptocurrency is going to be disbursed to seven entities in the country. The update was revealed by the former global head of financial strategy at…

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Blockchain 

Canadian Government Body, NRC | Builds Ethereum Blockchain Explorer

A Canadian body called The National Research Council of Canada (NRC) announced on Monday, August 20th, that it has built an Ethereum blockchain explorer. The NRC manages a Canadian-government-funded research program named the Industrial Research Assistance Program (IRAP) and it is this program which is hosting its own Ethereum blockchain explorer. Ethereum Blockchain Explorer IRAP has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol that enables peer-to-peer storing and sharing of data on a distributed ledger. In this case, the explorer will allow users to search the Ethereum blockchain for government contracts such…

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Blockchain 

Austria will Use Ethereum’s Blockchain for Government Bonds

Blockchain technology is becoming a firm favorite for government economies across the globe. Austria is the latest country to speak of its desire to implement the technology. Austria will use Ethereum’s blockchain, but for what? Well, the European country is looking to raise funds. It will be auctioning $1.3 billion worth of government bonds and will use Ethereum’s blockchain to authenticate the contracts. But will it manage to raise such a large sum? We will know next Tuesday. Austria will use Ethereum’s Blockchain Austria‘s primary financial services institution for its export industry and…

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