Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods. Before now, users had to visit a technical repair office to receive insurance benefits for damaged phones, according to Itbiznews. Successful visits would conclude with a claim receipt, which they then had to forward via email or fax to the insurance company. Cooperation with Samsung SK Telecom’ new system will allow the telecom giant’s customers to skip this outdated process,…

A Blow to Crypto Cards, but a Chance for Blockchain

Some of the most impactful frauds in modern history, from the Enron scandal to the Bernie Madoff investment scheme, were carried out by malignant actors inside or at the helm of corporate entities who manipulated the tangled, esoteric financial records. This is precisely the kind of behavior blockchain technology is designed to obliterate. The rapid demise of the German financial technology company Wirecard, which established itself in the blockchain community as a major crypto debit card issuer, seemingly belongs to the same category of events. In the long term, it…

Tron is the Fourth Blockchain to Receive a Coveted Twitter Emoji

Tron (TRX) becomes the fourth blockchain project to receive a custom Twitter emoji hashtag.  Justin Sun, Tron’s founder, unveiled the new emoji in a tweet on Friday. As customary in Tron’s marketing campaigns, the new emoji comes with a giveaway requiring fans to put the emoji in their profile bio. Like with Binance’s anniversary, the hashtag appears to be tied to a specific event. In addition to “#TRX” and “#TRON”, the project acquired the hashtags “TRONGreatVoyage” and “TRONConference.” This is in reference to an upcoming Tron 4.0 launch event, held…

$300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven years. The lack of transparency and accountability in the global food industry’s supply chain costs billions of dollars annually. To take one example, it’s believed that as much as 20% of global wine sales are counterfeit,…

Chinese Supply Chain Innovator to Develop Blockchain System for SMEs

Binance’s new blockchain research institute in China has forged a strategic partnership with a state-level supply chain innovator to jointly develop digital infrastructure for small and medium enterprises (SMEs) in the country.   Announced today, July 3, the institute’s new partner is Zhongshang Beidon; a state-level enterprise for supply chain innovation that ultimately falls under the oversight of a ministerial-level organization known as the State-Owned Assets Supervision and Administration Commission of the State Council” — or SASAC. SASAC is under the direct management of China’s State Council, and is responsible for…

Blockchain Australia Seeks to Build Industry Confidence With New CEO

The new head of Blockchain Australia, Steve Vallas, has announced that he will focus on building up confidence in blockchain and improving the image of blockchain technology among businesses and governments. Vallas replaces Nick Giurietto who led the association over the last five years. He has worked as an industry coach and mentor for multiple universities and accelerator programs and is the founder of Australian marketing firm Honey Digital. Vallas has also advised governments on the blockchain sector. A new vision Speaking to Cointelegraph, Vallas said he will focus on…

Chinese Economist Says 2020 Is the Tipping Point for Blockchain

The Tencent blockchain accelerator entry contest was held recently in Shenzhen China. Its theme concerned “blockchain industry and ecological co construction”. According to the local news on July 2, Professor Zhu Jiaming, former economist of United Nations Industrial Development Organization and the President of Chinese Digital Assets Research, believes “2020 is an important year for integrating blockchain in different industries, and it is a key period in the development and application history of blockchain.” Reaching the tipping point Zhu says there is an unprecedented consensus on the status of blockchain…

Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0

Digital technologies are entering every aspect of our life at a steady pace. However, according to predictions from Huawei in collaboration with Oxford Economics, the digital economy is expected to comprise 24.3% of the world’s gross domestic product by 2025, giving it an astronomical valuation of around $23 trillion. Among the few innovative technologies leading this revolution is blockchain. Even though blockchain came to be the core technology for Bitcoin (BTC), today it stands independent, impacting several industries, from gaming companies and enterprises to the manufacturing sector. The fact that…

Algorand Joins Blockchain Gaming Alliance After Bringing Chess to DLT

An American blockchain technology startup, Algorand, has joined a major blockchain gaming association, the Blockchain Game Alliance, or BGA. Algorand, known for providing technology to a number of national digital currency projects, is now officially a BGA member. They join more than 60 BGA companies, such as ConsenSys and MakerDAO, according to the BGA website. Announcing the news on July 2, Algorand said that the firm will be contributing to the BGA as a member and supporting sponsor. Bringing online gaming on blockchain By joining the alliance, Algorand wants to…

The Rise of Virtual Hackathons: Tackling Blockchain Challenges Online

Online events are becoming more common as coronavirus cases continue to surge. So it shouldn’t come as a surprise that the blockchain community has seen an uptake in virtual hackathons this year, a concept which is actually proving to be beneficial. For example, hackathon management platform TAIKAI works with organizations to facilitate a virtual open network for innovators looking to solve different challenges. TAIKAI CEO, Mário Ribeiro Alves, told Cointelegraph that lately the platform has been drawing attention from blockchain companies interested in launching virtual hackathons. According to Alves, virtual…