More than 60% of countries were developing central bank digital currency in 2023

Central bank digital currency, or CBDC, became an increasingly trending topic in 2021 after cash payments significantly dropped and cryptocurrencies and stablecoins grabbed news headlines.

While only a handful of countries already launched their CBDCs, many governments are exploring the possibility of using digital forms of central bank money.

According to data presented by AltIndex.com, more than 60% of all countries, or 130 of them, worked on developing their central...

Family-run gin distillery uses blockchain for water clarity

An artisan, family-run gin distillery near Keith, Moray, Roehill Springs, is using blockchain technology – essentially a digital ledger – to be completely clear about the amount, quality, and provenance of the water used in the creation of its award-winning spirits.

Roehill Springs is using the system, developed by CENSIS – Scotland’s innovation centre for sensing, imaging, and Internet of Things (IoT) technologies – and Aberdeen-based app developer TrackGenesis, in what...

Citi develops blockchain FX solution as part of Singapore’s Project Guardian

Investment bank and financial services company, Citi, has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. 

The application is a part of Project Guardian, a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry. While the current phase of the application tested spot FX for USD/SGD, the underlying solution could be used for any fiat currency pair. The...

Web3 platform OpenChrono seeks to make luxury watch transactions safer 

Web3 platform OpenChrono has launched, introducing a new transaction standard that could protect consumers and reputable dealers from a secondary market for luxury watches beset by scams and scandal. 

Blue chip watch brands commonly inflate demand for their watches by tightly controlling supply. Subsequently, for most buyers, the secondary market – an international network of independent dealers – is their only option to purchase a luxury watch. While it typically adds a...

Immutable launches zkEVM Mainnet to improve gaming

Blockchain gaming specialist Immutable has launched its Immutable zkEVM Mainnet, powered by Polygon.

This advancement in blockchain gaming technology is set to expand capabilities within the gaming industry, unlocking new revenue streams for game studios and providing players with unprecedented control over their digital assets.

The lineup of games committed to be among the first to launch on Immutable zkEVM include: Guild of...

BT Group chooses Optiva for next-generation app server upgrade

Handshake

Fixed and mobile telecommunications provider, BT Group, has extended its strategic partnership with Optiva to develop and monetize new B2B, B2C and B2B2X services.

Optiva’s application server, a key component of the Optiva Charging Engine, will be upgraded to a next-generation, cloud-native, open architecture service creation platform. It will include Optiva’s Open API framework, enabling integration with new cutting-edge technology partners, including blockchain and...

Quant launches Make integration for powerful code-free automation with any blockchain

The Space Shuttle Challenger launching from Complex 39.

Blockchain for finance firm Quant has launched an integration with automation software provider Make.

Overledger, Quant’s blockchain-agnostic API platform, is now available to users of Make. This will enable individuals, teams and enterprises to build automated workflows customised for their role and business.

Make‘s automation software enables users to visually create, build and automate workflows - all without the complexities of coding. Make aims to empower teams...

Researchers propose a Web 3.0 streaming architecture and marketplace

Web3

Web 3.0 is a blockchain technology-based internet paradigm that is transparent and decentralised. But, Web 3.0 streaming services require modifications to the existing service structure due to certain technical issues.

Now, researchers from Incheon National University have proposed 'Retriever', an Inter-Planetary File System (IPFS) based Web 3.0 technology and non-fungible token marketplace. The proposed marketplace reduces service delay and improves user experience by deploying...

Fox Corporation taps Polygon PoS to tackle deepfakes

Fox Corporation has publicly released a beta version of Verify, an open source protocol meant to establish the history and origin of registered media, and built on Polygon PoS.

On Verify, publishers can register content in order to prove origination. Individual pieces of content are cryptographically signed onchain, allowing consumers to identify content from trusted sources using the Verify Tool.

Fox Corp launched a closed beta of Verify on August 23, coinciding with...

Blockchain Expo: Modernising banking with blockchain and DLTs

Sabih Behzad, Head of Digital Assets and Currencies Transformation at Deutsche Bank, shared his views on blockchain and DLT innovation during a session at this year’s Blockchain Expo Global.

Behzad shed light on the complexities that traditional banks face, particularly in terms of moving money globally. He highlighted the limitations of current infrastructure, operating on a non-stop, 24/7 basis due to overlapping business hours across different regions.

Additionally,...