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Tag: US blockchain regulation

blockchain identity solutions for government deloitte and attest NEWS REGULATORS 

Deloitte Joins Startup Attest to Push Blockchain Identity Solutions for Governments

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The world’s largest professional services network, also known as one of the ‘Big Four’, Deloitte has partnered with blockchain startup company Attest Inc. to develop and push blockchain identity solutions for Governments. According to a press release on Monday by Deloitte, it will collaborate with the Chicago-based blockchain startup to develop a digital identity offering for its impressive list of Governmental clients, based on Attest‘s existing products. Founded in March 2018 by Cab Morris and Jennifer O’Rourke, two former employees of the Illinois State’s governing office, and leaders of its blockchain initiatives, Attest‘s shared…

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Blockchain Browser Brave Files Complaints Against Google Ads Data Collection Practices

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Developed by Mozilla co-founder and Javascript creator, Brendan Eich, the blockchain browser Brave files complaints against Google advertisement (ads) data collection practices in the UK and Ireland.   Together with Jim Killock of the Open Rights Group, and Michael Veale of University College London, Brave’s chief policy officer Johnny Ryan filed formal complaints with the Irish Data Protection Commissioner and the U.K. Information Commissioner. Brave, an open-source blockchain browser that blocks ads and website trackers, cited that the way Google and the advertising technology (adtech) industry publish personalised online ads…

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blockchain to fight fake news NEWS REGULATORS 

Social Media Giant Twitter Looking into Blockchain to Fight Fake News Says CEO Dorsey

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Jack Dorsey, CEO of the social media giant Twitter, testified before a U.S. Congressional committee on Wednesday, confirming that Twitter is considering the use of blockchain to fight fake news and prevent online scams. U.S. Congress is currently probing into the potential political bias among tech giants Twitter, Google and Facebook, questioning CEO’s such as Dorsey and Zuckerberg of Facebook, to identify what steps they are taking to prevent future election meddling. Doris Matsui, a representative of California, questioned Dorsey during a House Committee on Energy and Commerce hearing about user…

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delaware signs ibm to build a blockchain filing system NEWS REGULATORS 

Leading U.S. Business State, Delaware Signs IBM to Build a Blockchain Filing System

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In a $738,000 deal without competitive bidding, the corporate friendly U.S. state of Delaware signs IBM to develop a blockchain filing system prototype on its Hyperledger Fabric blockchain. Delaware aims to utilise blockchain technology to assist business registration, and allow corporations to take advantage of smart contracts to automatically track stocks and collateral assets in real time. With more than half of all U.S. publicly traded companies, and two thirds of the fortune 500 incorporated in the state, it is a significant move.

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Walmart is Looking to Revolutionise Package Deliveries with Blockchain Technology

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On Thursday, a proprietary U.S. patent was released for the world’s largest discount retailer, Walmart. Its ‘Smart Delivery’ patent, aims to give package delivery lockers an immutable node within a blockchain network. Together with a patent for its ‘Smart Package’, a blockchain-based tool that will integrate autonomous vehicles and unmanned drones, Walmart is gearing up to dramatically revolutionise package deliveries, with blockchain bringing the final missing piece of technology to its plan.

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blockchain technology can save the UK government £8 billion NEWS REGULATORS 

British MP Reveals that Blockchain Technology Can Save the UK Government £8 Billion

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On the release of a report entitled ‘Unlocking Blockchain’, British Conservative Member of Parliament (MP) Eddie Hughes urges government to appoint a Chief Blockchain Officer, stating that blockchain technology can save the UK government £8 Billion. The report suggests that businesses standing to benefit from increased adoption of blockchain technology, could fund a competition to attract talented blockchain developers. British Prime Minister Theresa May has recommended that a digital copy of the report should be sent to every member of British Parliament for their consideration.

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blockchain in pharmaceuticals FTSE / NASDAQ NEWS 

GSK is Fighting Fake Drugs with ConsenSys Startup ‘Viant’ for Blockchain in Pharmaceuticals

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One of the world’s biggest pharma companies, GlaxoSmithKline is working with Ethereum-based ConsenSys startup Viant to develop blockchain in pharmaceuticals. With the release of new regulations to protect U.S. consumers from fake, contaminated and stolen medications, the pilot could not have come at a better time. Furthermore, the immutable ledger aims to combat $200 billion in lost sales each year.

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EU and US Legislators Discuss Blockchain Regulations for Business

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EU and US legislators discuss blockchain regulations for business, agreeing that in the absence of official guidance, regulatory ‘sandboxes’ are the best approach. Eva Kaili of the EU said it may take a few years for the blockchain industry to be fully regulated. Meanwhile, US Rep David Schweikert said the ‘fog’ we are in now may actually be beneficial.”

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Global Head Leaves Deloitte to Join Blockchain Start-Up

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Eric Piscini, former global blockchain leader and partner of one of the “Big Four” accounting firms, has resigned from Deloitte to join blockchain start-up Citizens Reserve, who aim to move supply chain networks onto their ethereum-based platform. Piscini’s departure is yet another example of top executives striking out for crypto-based projects. Citizens Reserve’s unique crypto token will be backed by reserve assets, giving the token ‘a guaranteed value’ of $0.01. Picini said that using the ZERV token, allows “nearly instant borderless transactions.”

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coca cola to use blockchain BCTECH NEWS 

Coca-Cola to use Blockchain to Fight Forced Labour Worldwide

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Coca-Cola, the US State Department and two other companies have partnered to create a secure global blockchain registry for workers, in the fight against forced labour worldwide. Food and beverage companies are under pressure to address the risk in countries where they obtain sugarcane. Coca Cola says it is exploring multiple blockchain projects and has committed to undertake 28 country-level studies on child labour, forced labour and land rights for its sugar supply chains by 2020. Bitfury will build the platform for this project, together with Emercoin to provide blockchain services.

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blockchain for cars bmw FTSE / NASDAQ NEWS 

BMW, GM, Ford and Renault Join to Build Blockchain for Cars

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Four of the world’s largest automakers that account for a market share of over 70 percent of global vehicle production, join to build blockchain for cars. The Mobility Open Blockchain Initiative is formed by BMW, General Motors, Ford, Renault, IBM, and 30 others. With an impressive team of the ‘Who’s Who’ in blockchain, including Brian Behlendorf, executive director of Hyperledger and Joseph Lubin founder of ConsenSys and a co-founder of Ethereum. Partners will collaborate to develop use cases, beginning with vehicle identity and history.

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Sen. Hertzberg Introduces California Blockchain Bill 838 For Corporate Shareholders

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Senator Bob Hertzberg’s campaign for a ‘California Blockchain Bill’ has passed the Senate’s Banking and Financial Institutions Committee, with a recommendation to enact when it goes before the Senate Judiciary Committee in May. The Blockchain Bill ‘838’ will permit the use of blockchain technology for the issuance and transfer of corporate share certificates, alongside a record of a corporation’s stockholders details and their shares. This comes as an exciting step forward for California’s Silicon Valley.

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blockchain-summit-2018 NEWS REGULATORS 

US Rep Emmer warns Congress not to stifle Blockchain by over regulating

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U.S. Representative Tom Emmer is a member of The Congressional Blockchain Caucus, put together to investigate how blockchain technology can improve government services. In a discussion at the D.C. Blockchain Summit, Emmer sighted that Blockchain technology could drive the most significant change in society since the American Revolution, but only if regulators resist the temptation to be heavy-handed. 

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