Aussie Blockchain Powers P2P Solar Power Trading in Upscale Bangkok Community

Australian solar startup Power Ledger, the developer of a peer-to-peer (P2P) energy marketplace on a blockchain, has commenced a trial in Bangkok enabling residents to buy and sell solar electricity. In a first-of-its-kind trial in Asia, residents and habitants of Bangkok’s T77 precinct are participating in an ‘across the meter’ energy trial that allows users’ to trade their excess electricity – generated by renewable solar power – over a blockchain marketplace that’s accessible by an 8-hectare centrally-located Bangkok precinct on the city’s electricity grid. Participants in the affluent community’s energy…

7 Investors Back World’s First Blockchain Bond, Demand From Institutions

The Commonwealth Bank of Australia (CBA) and the World Bank launched the first blockchain bond in the global finance sector this month. Already, institutional investors are showing increasing interest. On August 10, CCN reported that World Bank selected CBA, the biggest bank in Australia, to issue the world’s first blockchain bond based on the Ethereum blockchain network. Bond-I, the blockchain-based debt instrument, implemented Microsoft’s blockchain cloud computing platform Azure that is compatible with the Ethereum network to settle orders, after Microsoft confirmed that Ethereum is able to securely facilitate investments…

UK Government Pilots Storage of Digital Evidence on a Blockchain

  The UK Government has disclosed plans to conduct a pilot project for storing digital evidence on a blockchain. The initiative was revealed in an announcement by Balaji Anbil, Head of Digital Architecture and Cyber Security at Her Majesty’s Courts and Tribunals Service (HMCTS) under the Ministry of Justice. Court Reform In the announcement, Anbil revealed that the HMCTS push to look into distributed ledger technology forms a major part of the body’s court reform plan. HMCTS and the UK Cabinet Office Open Innovation team held a joint meeting to…

Factom Seeks Patent for ‘Secret Data’ Sharing on a Blockchain

Factom, a system for auditing and securing millions of real-time records using blockchain technology, has filed another blockchain patent application for the advancement of its operations this year. CCN reported earlier this month that the data distribution company had filed a patent application for a system enabling document validation on the blockchain, a feature likely to be integral for the future operations of the platform’s services to governments, companies, and non-profits. The firm’s second proposal, published by the U.S. Patent & Trademark Office (USPTO) today, on Aug. 23, has a…

Kenya’s Electoral Commission to Adopt Blockchain for Enhanced Vote Integrity

The Independent Electoral and Boundaries Commission of Kenya (IEBC) has announced plans to utilize blockchain technology to offer real-time polling results and thus improve vote integrity and trust in the voting process. Speaking in a statement, IEBC chairperson Wafula Chebukati said that the technology will be used to give presidential candidates secure access to live results as the country struggles to shake off the legacy of the violent 2007 and 2017 elections which saw hundreds killed and hundreds of thousands displaced across the country. Kenya’s Electoral Problem Elections are often…

World Bank to Settle $73 Million Blockchain Bond on Ethereum Next Week

The World Bank has priced what it deems the ‘world’s first public blockchain bond’ at AUD$100 million ($73 million) in a settlement to occur next week. The two-year bond, designed to improve the efficiency of automated financing for countries with extreme poverty by moving away a decades-old manual bond sales process, will be settled on August 28 by the Commonwealth Bank of Australia (CBA), Reuters reported on Thursday. Dubbed ‘Bondi’ for Blockchain Operated New Debt Instrument – with a subtle nod to Australia’s famous Bondi beach’ – the bond will…

UEFA Distributes Super Cup Tickets for Madrid Derby on a Blockchain

The Union of European Football Associations (UEFA) has announced the successful trial of a blockchain ticketing system for last week’s Super Cup match between Real Madrid and Atlético Madrid. In a post on its website, European football’s governing body stated that a blockchain-based Android and iOs app was used to deliver tickets to mobile phones of fans attending the game which held in Tallinn, Estonia. Ticket Safety and Revenue Breakthrough For years, UEFA has battled with the problem of fake or duplicated tickets which can lead to lost revenue and fan…

New ‘Blockchain Law Society’ Will Examine Legal Frameworks in South Korea

As South Korean lawmakers discuss regulations and guidelines for the cryptocurrency sector, a group of domestic blockchain experts will establish a new society to study the legal aspects concerning the decentralized technology. Dubbed the ‘Blockchain Law Society’, the new organization will officially launch this Friday, August 24, according to a report from local publication Yonhap. The collective will see a group of blockchain experts vying to propel studies on the legal aspects surrounding blockchain technology and promote it for various applications in a number of sectors. “Blockchain Law Society was…

Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup

Chinese bitcoin mining equipment manufacturer Bitmain has invested an undisclosed amount in blockchain data storage startup Lambda, the latter announced last Friday. Bitmain Expands its List of Portfolio Companies The new investment will see to Lambda further developits “secure” blockchain-based infrastructure and decentralized applications, commonly known as dApps. The Singaporean startup has already conducted a tokenized private sale round that attracted investments from FunCity Capital, BlockVC, BlueHill, Zhen Fund, and other well-known institutions. It is now gearing up for an initial coin offering (ICO) round with an aim to raise $5…

MetLife Pilots Diabetes Insurance Payments on a Blockchain in Singapore

MetLife has started tests on an automated insurance solution that will see enrolled pregnant women in Singapore get an automatic payout in case they are diagnosed with gestational diabetes. Developed by LumenLab, the innovation center of MetLife Asia, the experimental product known as ‘Vitana’ will make it unnecessary for enrollees of the insurance cover to file a claim. According to MetLife, this is the world’s first automated insurance solution that employs blockchain technology in a pilot phase. Additionally, Vitana is the first insurance product focusing on gestational diabetes in Singapore…