Traveling is fun except when it’s not: frequently a trip gets overshadowed by a headache caused by annoying delays, cancellations, baggage losses and, what’s even worse, overbooking. As long as our world has room for improvement, we won’t get tired of listing problems that Blockchain can help solve. This time we decided to consider the air travelling sector. read more
Once we stop associating Blockchain with cryptocurrency only, we will see the nearly unlimited potential of the distributed ledger. Multiple countries are developing innovative projects intended to create a comfortable ambiance for citizens, and make a large range of processes easier, cheaper, faster and erase the need for uncountable intermediaries.
Now, how about a small quiz? read more
China’s central bank has created a system to transfer paper checks to Blockchain. It took one year to develop the system, and in 2017 a prototype was successfully tested in a virtual environment. Paper business checks in China function like money orders, except that recipients can also exchange them with other entities read more
The European Banking Authority (EBA) has published a report on July 3, in which analyzes the benefits and prudential risks that newborn Financial Technologies (FinTech) bring to institutions. In the lengthy introduction, EBA informs that the present report is aimed at raising awareness within the community. EBA lists 7 use cases of FinTech, while in only 2 of them speaks about Distributed Ledger Technology (DLT): smart contracts for trade finance and streamline Customer Due Diligence (CDD) processes. read more