Database

150-Year-Old Chinese Gas Company Ramps Up Blockchain Adoption

Source Node: https://cointelegraph.com/news/150-year-old-chinese-gas-company-ramps-up-blockchain-adoption
Time Stamp: April 3, 2020 2:01 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31.Shanghai Gas, founded in 1865, is owned by utility services company, Shenergy Group — which claims to occupy more than 90% of Shanghai’s gas market. The firm has an annual supply of over 8 billion cubic meters.Shanghai Gas expands blockchain adoptionShanghai Gas’ trial used distributed ledger technology, or DLT, provided by VeChain to comprehensively monitor its supply chain and identify opportunities for efficiency

South African National Blockchain Alliance Holds Online Launch

Source Node: https://cointelegraph.com/news/south-african-national-blockchain-alliance-holds-online-launch
Time Stamp: April 3, 2020 1:56 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The South African National Blockchain Alliance carried out an online livestream launch while the country is in the midst of a 21-day lockdown to curb the spread of the coronavirus pandemic. The organization was due to be launched at the beginning of April in Johannesburg but had to be taken online as South Africa and the world tackles a global health crisis.The launch happened during a livestream on YouTube on April 3, which included a panel of speakers elaborating on how SANBA will help nurture blockchain-focused startups and companies that

Blockchain Head at European Commission Explains Usefulness of DLT

Source Node: https://cointelegraph.com/news/blockchain-head-at-european-commission-explains-usefulness-of-dlt
Time Stamp: April 3, 2020 9:08 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The head of the digital innovation and blockchain unit at the European Commission (EC), Pēteris Zilgalvis, explained the concise benefits of distributed ledger technology (DLT) in an interview to The Banker, a subsidiary of the Financial Times. In the interview, published on April 3, Zilgalvis talked about the benefits and challenges of the technology.According to him, blockchain provides a powerful framework for data sharing, something that can't be done by normal databases:“We think that it presents an excellent technology for situations where different stakeholders need to collaborate but, due to

Brazilian Regulators Create DLT Platform for Screening Politicians

Source Node: https://cointelegraph.com/news/brazilian-regulators-create-dlt-platform-for-screening-politicians
Time Stamp: April 3, 2020 6:31 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Four of Brazil’s financial regulatory institutions are collaborating to build a streamlined blockchain-based data-sharing platform to perform background checks on political representatives and corporations.The platform, dubbed PIER, was developed by Brazil’s central bank Banco Central do Brasil (BCB). The platform saw initial participation from the BCB, the Brazilian private insurance superintendent, and the local securities regulator to inform its database. Brazil’s social security supervisor is set to soon participate in the program too. The Brazilian government is also contemplating incorporating data collected by the country’s judiciary, trade boards, and international financial