Blockchain & crypto news from India
Small government services for citizens are slowly incorporating blockchain technologies to reduce paper work and increase efficiency. California’s Santa Cruz County has recently shared its decision to experiment with blockchain wallets to offer services such as user registrations for parking bikes and recreational vehicles, licensing of pets, and building permits given over the counter. The…
India founded Polygon blockchain, which is a preferred second level Ethereum scaling solution, recently crossed 138,081 unique active wallet addresses (UAWs) that are related to gaming. Data from DappRadar in a recent Blockchain Games Report shows a 53% rise in active wallets on Polygon compared to February. The other popular blockchains for gaming are Hive…
Play-to-Earn games attract people who want to make a quick buck, and the distressed Indian public has recently seen rapid bombardment of such online or game apps. Crypto business too is involved in such payout games. The FBI in the US has recently shared a note warning about the risk of theft while falling victim…
The tur dal produced in the Tandur region of Telangana (Tandur Redgram) recently acquired the coveted GI or Geographical Indications tag of India. GI tags are a sign of authentic sourcing of the product from its famous region and an indication of quality. For example, the “gamcha” made in Assam got a GI tag, and…
Web3 music platforms are another upcoming service that will bring NFT, metaverse and blockchain into the global music scene. As a creative object or work of art, a song or album can be incorporated into an NFT and traded with royalty rights for the artist. Warner Music Group recently tied up with NFT marketplace Opensea…
Supply chain is widely considered a major application area of blockchain technology. The demise of TradeLens, a blockchain supply chain network set up by Maersk and IBM, is therefore a major event that will cause re-thinking and re-evaluation of how to successfully deploy blockchain based services. TradeLens had processed over 35 million documents and served…
Thailand has integrated its national trade blockchain with Japanese blockchain TradeWaltz and Singapore’s Networked Trade Platform (NTP). The pilots for NDTP, created with public-private partnership will begin soon in an effort to minimize paperwork and increase ease of doing business. As a test, two pilot but rea transactions between Thailand and Singapore were made, along…
Blockchains will create the next generation of financial instruments with its decentralized and P2P based model. While traditional banks are gearing up to embrace blockchains, the Swiss bank UBS AG has launched what it says is the world’s first digital bond. The issued bond has a tenure of three years, and carries a 2.33% return….
NFTs or non-fungible tokens aren’t limited to the art world, as some recent use cases show that even a house can be sold on the blockchain as an NFT. In Colombia, South Carolina in the US, real estate online platform Roofstock recently complete the sale of a house as an NFT on the Origin blockchain…
The Qatar World Cup this year begins the first ever NFT football collection from FIFA. Called FIFA+ Collect for digital collectibles, this collection will comprise famous soccer goals, moments, players and more themes. The tournament is scheduled for November 20 – December 18, 2022 with a total of 64 matches to be played across eight…