China’s “Instagram” Chooses Conflux Network for Permissionless Blockchain Integration
Little Red Book (XiaohongShu), China’s version of Instagram, has implemented Conflux Network as a permissionless Blockchain that allows users to showcase NFTs made on Conflux on the profile page in the “R-Space” section for internet materials. This integration moves NFTs nearer to widespread acceptance, in which individuals actively utilize Web3 technology regularly within the same…
China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan
The digital yuan (eCNY), the central bank’s digital currency, has undergone updates that give it smart contract capabilities and some recently disclosed use scenarios. As per a January 17 statement by regional bitcoin media site 8btc, the Meituan app, a Chinese app that offers retail and food delivery services, has started using smart contracts. A…
Blockchain Can Track the Deadly Coronavirus
Acoer, a developer of the blockchain-enabled application, has come up with a solution to fight against the deadly coronavirus. He named this tool as Hashlog, a data visualization engine, capable of interacting with Hedera Hashgraph’s DLT in real-time. According to Sharat Chandra, MVP Hashgraph ambassador at Hedera Hashgraph, it is crucial to have a single…
China Announces Revised Guidelines to Patent Applications
China’s National Intellectual Property Administration (NIPA) is currently in the process of clarifying the guidelines for blockchain patent applications, that are set to become effective, starting from 01 February. In December 2019, NIPA came up with an announcement about the revised guidelines it had prepared to patent applications for new emerging and disruptive technologies such…
China Introduces Blockchain Identification System for Smart City Infrastructure
China continues to up its blockchain game through an independently developed blockchain-based identification system for cities. This initiative will be undertaken as part of its smart city infrastructure. As reported by Global Times, the Chinese daily tabloid newspaper, the newly developed blockchain identification system was launched jointly by three institutes in the city of Shijiazhuang….
AI And Blockchain To Be Leveraged By The Chinese Internet Court To Render Judgement
Whenever we talk about Blockchain technology, then its one of the most prominent use is restricted to the financial sector, but that was the relic of the past. Now we have new developments in this field and developers have expanded Blockchain’s application horizon to new fields like medical, real estate, health care, law, etc. One…
China is leading the world in multiple Blockchain projects
When we talk about Blockchain favored nations, then China tops the list. So much so that it is giving tough competition to the US when it comes to Blockchain technology application. The country that once had objected the use of Blockchain technology and Bitcoin is now favoring the adoption of this technology to create a…
Top 10 Friendly Countries For Blockchain Startups
The blockchain is the latest revolution in the digital market. It has spurred the new era of transformation. This has brought many nations working aggressively towards integrating this technology with mainstream business operations. Although the entire world is well-aware about Blockchain and its positive side, only a few nations have shown a positive inclination towards…
Crypto Markets See Bullish Growth, Bitcoin Holds Above $3,600
Bitcoin has completed a decade long journey and in this span of 10 years the cryptocurrency’s journey has been a roller coaster one. 2009 marks the year when cryptocurrency, Bitcoin first came into the picture, and since then it has laid the foundation stone for the development of a new era of the digitized economy….
Ripple To Launch Blockchain Research Scholarship Programme
If you are a technology stalwart, then you must be aware of the Blockchain and its application. The decade-old technology has disrupted almost all the business verticals and is paving the way for new development. Additionally, it has also opened the gateway for new job opportunities. As and when the companies plan to explore DLT,…
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