Blockchain Basics 21 – The Comeback of Diamonds and Gold

Blockchain Raising the Gold Standard Due Dilligence for Precious Gems & Metals Following a steep decline in sales during the United State’s longest recession, diamonds and gold are making a comeback. There has been a particular loss of confidence among Millennials. Persistent challenges include competition from other luxury goods and …

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Blockchain Basics 20 – Save Our Rainforests With Blockchain

Protecting the Planet With Blockchain Rainforests are Vital Resources Managing and verifying any product is usually reliant on documents that could fall prey to manipulation. Or we use digital tracking methods we call “Chain of Custody” systems. As highlighted in a previous PURA segment, “Blockchain and the Future of Mobility,” …

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CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme. According to a press release issued Friday by the CFTC, the trader, Arizona resident Joseph Kim, admitted to defrauding investors of hundreds of thousands …

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Accenture Puts Software License Management on a Blockchain Platform

Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset. Accenture announced in a press release Monday that the blockchain-based application uses Digital Asset’s smart contract language, DAML, and is aimed to simplify how its software licenses …

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Singapore’s Central Bank, SGX Develop Blockchain Settlement System

The Monetary Authority of Singapore (MAS) and the country’s stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains. Announced by the nation’s Ministry of Communications and Information in a press release on Sunday, the newly completed delivery versus payment (DvP) …

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