Tencent to Invest $70 Billion in Fintech Advancement Including Blockchain
Tencent, a massive Chinese tech giant that operates WeChat aims for blockchain technology development across China as part of a $70 billion investment in fintech. Chinese tech giant Tencent Holdings will allocate almost $70 billion (500B yuan) throughout the following five years in technology infrastructure, including blockchain, cybersecurity, cloud computing, and artificial intelligence. Reuters…
Ethereum Develops Its Next Stage of Evolution With Ethereum 2.0
According to news reports, on one side, Ethereum is now developing the next stage of its evolution with Ethereum 2.0, which is sharding-enabled. On the other hand, a team of developers is focusing on the existing chain for maintaining operability during the transition. Named as the Ethereum 1.x, the main goal of the project is…
Volvo Cars to Use Oracle’s Blockchain Platform For Its Supply Chain
As per news reports, Volvo Cars announced last week that it has adopted the Oracle blockchain and started using it to trace Cobalt. Cobalt happens to be one of the main components of electric car batteries. Volvo cars recently unveiled the company’s first fully electric car, the XC40 Recharge. Following this, Volvo has come up…
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