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Alibaba’s Jack Ma Wrote “Use Blockchain for Manufacturing Industry Revolution” in His Last Letter to Shareholders

Oct 31, 2018

October 30, Jack Ma, the chairman of E-commerce giant Alibaba and China’s leading digital payments platform Ant Financial has issued an open letter to Alibaba’s shareholders, saying that blockchain and other advanced technologies are the keys in manufacturing industry revolution. It...

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Chinese Insurance Industry Launched Its First Blockchain Medical Insurance

Oct 30, 2018

Major insurance companies including Huatai Insurance, China Property & Casualty Reinsurance Company (CPCR), and Fun in Funding, have jointly launched a blockchain-powered medical insurance product, claiming to be the first of this kind in the country. The insurance industry...

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Chinese Banks Jointly Launch Blockchain-Based Forfaiting Trading Platform

Oct 29, 2018

Three Chinese banks have jointly launched a forfaiting trading platform based on a consortium blockchain, with transaction volume reaching 30 million yuan (US$4.3 million) on the first day it went online. Bank of China teamed up with China CITIC Bank and China Minsheng Bank in dev...

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8 Decimal’s View on the Development of Blockchain in Finance, Part 2: Security Tokens (STs)

Oct 29, 2018

8 Decimal Capital Overview: In 2017, the global value of equity assets totaled $70 trillion, debt totaled $100 trillion, and the real estate market totaled $230 trillion. If all of these markets became tokenized, the potential size of the security token (ST) market would skyroc...

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8 Decimal’s View on the Development of Blockchain in Finance, Part 1: Payments and ICOs

Oct 29, 2018

8 Decimal Capital Overview: There will always be a new societal paradigm after the establishment of each technological wave of innovation. When the technological wave arrives, the initial hype will result in a “bubble” which can price market assets at a higher valuation than they a...

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President of Huobi University: Blockchain Energizes Sharing Economy

Oct 28, 2018

Nowadays, the sharing economy has gained in popular and developed in a rapid speed. More specifically, shared and on-demand goods, such as bikes, cars, flat rooms are increasing substantially in urban cities. This economy mode has also been linked up with blockchain, the self-sovereign, decentral...

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IBM Report: 38% of Central Banks Are Actively Researching and Trialing Digital Fiat

Oct 26, 2018

The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a report jointly released by IBM Blockchain World Wire and Official Monetary and Financial Institutions Forum (OMFIF). ...

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China’s Alibaba Cloud Takes Its BaaS to Global Markets

Oct 26, 2018

October 24, China’s e-commerce giant Alibaba has extended its cloud BaaS (blockchain-as-a-service) product to broader international markets. The BaaS service was initially launched in China by Alibaba’s computing arm Alibaba Cloud in August 2018. This time, the firm is offering their...

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China’s First Blockchain Security Testing Center Is Established in Changsha

Oct 26, 2018

As blockchain is gaining popularity in China, security considerations override all other considerations in the space. Chinese authorities have decided to establish the first-ever blockchain security testing center in Changsha, the capital city of Hunan Province, to monitor blockchain vulnerabi...

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Communist Party-Controlled People’s Daily Online Launches a Blockchain-Focused News Channel

Oct 25, 2018

People.cn, the online version of People’s Daily, the Chinese Communist party's flagship newspaper, launched a blockchain-focused news channel on its site on October 23, through which the Communist Party can distribute its unfiltered views on blockchain. The initiative was announced ...