Author: neo

China To Cut Bureaucracy With Blockchain Technology

The Hangzhou Blockchain Research Institute, a subsidiary of the People’s Bank of China (PBoC), has launched a blockchain-based platform, the first of its kind to be launched under China’s central bank. China Launches Blockchain Registry Open Platform To Cut Through Bureaucracy The organization, also known as the Zhongchao Blockchain Research Institute, has reportedly presented its Blockchain Registry Open Platform (BROP) at the Global Financial Science and Technology Summit in Hangzhou on Monday. BROP aims to remove China’s redundant bureaucracy and, according to its white paper, it is an open platform for developing independent intellectual property rights based on the blockchain. The research institute belongs to Zhongchao Credit...

Read More

Can blockchain help in the fight against corruption?

Blockchain technology emerged in the financial sector, enabling cryptocurrencies such as Bitcoin. While still being tested, its disruptive potential in the public sector cannot be overstated. Pilots and proofs-of-concept are mushrooming, driven by a myriad of tech start-ups in a wide variety of areas, such as identity management, property registration and diamond trafficking. Given the hype, we need to think more critically about what it can and cannot do before policymakers embrace its allure.   This is especially true of expectations that blockchain will strengthen integrity and root out corruption in government. How policymakers use blockchain to build more trust and transparency in government...

Read More

South Korea Could Ease Its ICO Ban

South Korea’s ban on initial coin offerings (ICOs) could be eased in the coming months, according to a new report. CoinDesk reported in September that the country’s Financial Services Commission had moved to prohibit the blockchain funding model. Yet a new report from the Korea Times suggests that the ban may be lifted in part, specifically for token sales that meet as-yet-to-be specified conditions. An anonymous source told the newspaper: “The financial authorities have been talking to the country’s tax agency, justice ministry, and other relevant government offices about a plan to allow ICOs in Korea when certain conditions are met.” Despite the local...

Read More

Industry applauds bitcoin tax blitz

The Australian bitcoin industry has welcomed moves to tax the digital currency, with local executives declaring it’s time regulation was ramped up. As exclusively revealed by The Australian on Wednesday, tax-dodging Bitcoin investors will be investigated by the tax ­office, which said it will use anti-money laundering legislation due to come into force next month. Sam Lee, Chief Executive Officer of Blockchain Global, which manages the production of roughly 1.5 per cent, 4 per cent, and 2 per cent of bitcoin, litecoin and ethereum respectively, told The Australian that without the tax guidances from the ATO in 2014 on crypto currencies, Blockchain...

Read More

Blockchain Global Limited CEO Sam Lee Attended CBNData Fiesta in Beijing

On December 20, 2017, Sam presented how blockchain can contribute to the construction of smart city and what does technology mean to modern business at the CBNData Fiesta hosted by CBN (Chinese Business Network) in Beijing. “The core significance of blockchain technology to the industry ecology lies in building a” new generation of decentralized trust system “, which removes the centrality of people and organizations in the traditional trust system. It will bring more trust, transparency, efficiency of the social operation mechanism. Sam said that: “Blockchain will start a brand-new revolution of data application. The technology is going to accelerate...

Read More
  • 1
  • 2