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Advanced Blockchain Technologies

Archived coverage · Forkast crypto archive

  • Advanced Blockchain Technologies

    TBCASoft raises $25M from Naver, SoftBank

    Blockchain startup TBCASoft has announced the initial close of its series-B funding round, raising US$25 million from Naver Financial and SoftBank as it aims to tap more commercial growth. Fast facts U.S.-based TBCASoft announced its latest financing round on Wednesday, led by Naver Financial — the fintech arm of Korean internet giant Naver Corp. — […]

    Timmy Shen

  • Advanced Blockchain Technologies

    Bosch starts machine learning trials with Fetch.ai using AI, blockchain

    Bosch, a German manufacturing and technology company, today announced that it will be using a decentralized machine learning network built by Fetch.ai, an artificial intelligence lab based in the British city of Cambridge, to predict potential failures in manufacturing machinery. Fast facts The Bosch research team will be initiating machine learning trials on the Fetch.ai […]

    Michelle Lim

  • Advanced Blockchain Technologies

    Two Chinese provinces use state blockchain platform for export credit insurance worth US$3.27B

    Chinese central bank branches in Fujian and Guangxi provinces have announced that their provinces did US$2.4 billion and US$875 million, respectively, of blockchain-based export credit insurance financing for the first half of 2021. Fast facts Fujian Province struck a total of 6,516 insurance deals, and Guangxi Province saw 166 enterprises participate. On May 17, the […]

    Ningwei Qin

  • Advanced Blockchain Technologies

    Friends may forgive debts, but WeChat’s new blockchain IOU won’t let anyone forget it

    China’s internet giant Tencent launched a blockchain-based digital IOU service on its flagship product WeChat, one of the nation’s most popular apps for messaging and payments.  Fast facts Aside from Wechat’s existing “mini receipt” and “mini contract,” Tencent says its new IOU function would allow friends to borrow money more easily from each other, according […]

    Kelly Le

  • Advanced Blockchain Technologies

    Big Indian banks take stakes in trade finance blockchain firm

    Fifteen of India’s largest banks have invested in a fintech firm that aims to use blockchain to speed up domestic letters of credit, a first in domestic trade finance, regulatory filings to the National Stock Exchange of India show. Fast facts Named the Indian Banks’ Blockchain Infrastructure Co., the firm uses blockchain technology to verify […]

    Yihui Xie

  • Advanced Blockchain Technologies

    Shipping network launches blockchain-based cargo app in China

    Trade platform the Global Shipping Business Network has launched its first blockchain-based application in China to reduce paper usage and enhance efficiency and transparency in the shipping industry. Fast facts Named Cargo Release, the new blockchain-based app will connect the whole shipping supply chain, including shipping lines, consignees, their agents and terminals.  The app promises […]

    Kelly Le