Tackling Pressing Issues With Blockchain

Beyond Blockchain #4 — Samsung, Australia, India and Big Banks Bank On The Blockchain

New Blockchain-based service from Samsung efficiently manages company documents

Samsung SDS is the IT-focused arm of the tech giant. This week, the team rolled out a new cloud-based blockchain service called Paperless. The solution uses blockchain to store crucial document data such as creation dates as well as revision and deletion history.

Responsible Mica Initiative (RMI) adopts blockchain in fight against child labor

Mica is a type of mineral dust found primarily in India and is useful for producing makeup products, cement, and insulation cables. Although long-term inhalation of mica poses a health risk, families living under poor conditions use child labor for the mining process.

Four big banks partner on blockchain-based platform for carbon credits

Canadian Imperial Bank of Commerce, Brazil’s Itau Unibanco, National Australia Bank, and Britain’s NatWest Group launched a new private blockchain initiative dubbed Project Carbon. It will form part of an ongoing effort by member banks to reduce their carbon footprint and offset the negative environmental impact of their operations.

Landmark blockchain bill makes its way to U.S. Senate

The Blockchain Technology Coordination Act, introduced by Rep. Darren Soto (D-Fla.) passed a reading in the U.S. House of Representatives. The landmark bill, if implemented, would mandate the country’s Department of Commerce to establish a Blockchain Center of Excellence. The proposed blockchain unit will focus on exploring country-level applications beyond national defense.

Who’s investing in blockchain?

Australian government awarded $4.2 million to blockchain-based pilot projects — Following an extensive review process, the Australian government awarded over A$5.6 million ($4.2m) to two companies developing blockchain-based solutions. The beneficiaries are provenance-focused EverLedger and blockchain agency Convergence. EverLedger will work on a blockchain digital certificate that tracks the production and movement of minerals mined within the country. On the other hand, Convergence’s solution will focus on automating tax reporting for Australian beer companies. The solution will be used during the production, storage, and transportation process to ensure that tax filings are accurate.

Why enterprises choose Move Digital for blockchain implementation?

Blockchain is a new-age technology that is improving processes and leveling the playing field for modern-day businesses. The myriad of possibilities embedded in the technology sometimes make it difficult for enterprises to map out a clear implementation strategy.

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