Blockchain technology has made its name in the banking sector but has also found its way into the health care world, the music industry and even the U.S. presidential election. And now, it seems it’s building its case for an appearance and use in the real estate sector. Some experts...
The Internal Revenue Service got approval from a federal court in California to collect two years of information from Coinbase, the blockchain company, about its American users. According to a report by Reuters, which cited the U.S. Department of Justice, the Northern District of California court...
Royal Mint of the U.K. and CME Group of the U.S. are teaming up to create a digital platform for dealing in gold, based on blockchain. According to a report, the idea behind the new platform is to reduce the costs associated with trading gold....
New York-based startup R3 CEV originally sought to raise $200 million in its first funding round, but banks involved in the blockchain consortium expressed interest in investing just $59 million. Reuters confirmed that R3 restructured its initial $200 million funding round, offering investors a 90...
While more banks and businesses are delving into and even getting comfortable with the idea of blockchain, some businesses are removing themselves from it. Sort of. This week Goldman Sachs opted out of renewing its membership to the R3CEV blockchain consortium. The departure does not...
Goldman Sachs has decided to drop out of the R3 CEV blockchain group, letting its membership lapse as of Oct. 31, reported The Wall Street Journal. According to the report, a Goldman Sachs spokeswoman confirmed the membership lapse but that Goldman Sachs plans to continue...
Lo and behold, blockchain has entered the grocery aisle — especially if you’re perusing certain aisles at Walmart. According to Bloomberg, sliced apples and cut broccoli are being used to test a blockchain database technology. Ultimately, if the test goes well, the concept could change how...
If we’re to “follow the money,” then we best see that connection to blockchain. Each week, a new bank seems to launch a new initiative infused with blockchain. This week, OCBC Bank announced that it is venturing a cross-border payments and fund transfers initiative by employing...
PwC announced Monday (Nov. 14) the launch of a new FinTech offering dubbed Vulcan Digital Asset Services. The service enables digital assets to be used for banking, commerce and other asset-related services, PwC said in a press release. The services that fall under Vulcan include...
