Hong Kong will establish blockchain based trade financial system. The system that government of Hong Kong plans to introduce in the country may be beneficial for China’s Belt and Road Initiative (OBOR), which is aimed at strengthening trade ties between China and its partner countries by combining the projects of the "Economic belt of the Silk Road" and the "Silk Road of the XXI century". James Henry Lau, Secretary for Financial Services and the Treasury of Hong Kong said: ‘’Trade along the Belt and Road is mostly conducted by small and medium-sized enterprises, so Blockchain’s DLT could help by cutting out the need for a central organization and middlemen’’.
Majors and experts for digital currencies. One of the largest conferences in the Balkans, dedicated to blockchain and cryptocurrencies, ‘’Blockchain & Bitcoin Conference Slovenia’’ will be held on December 12, in Ljubljana, the capital of Slovenia. Among the speakers: Jure Pirc, President of the Blockchain Association in Slovenia; Yuri Sidorovich, managing partner and judicial leader of the Adriatic region in Deloitte; Alex Bozhinov, serial entrepreneur and business coach, John Collins, head of Red Flag USA - Global communication and strategic consultancy. Tadej Slapnik, State Secretary in Office of the prime minister of the Republic of Slovenia, will also be the participant of discussion panel. Tadej Slapnik with his opponents will answer the questions of regulating blockchain. The subject of the discussion will be the innovation projects, the development of cryptocurrency in the country and in the world, promising activities for startups, and an exhibition of technological and software innovations in this industry.
Help of blockchain to fight against crime. United Nations has made partnership with World Identity Network (WIN). Together they are planning to develop a blockchain based identity pilot testing to fight against child trafficking. It is assumed that blockchain technology will help increase the detection and capture of traffickers. Yannick Glemarec, UN-Women deputy executive director said: "Trafficking in children is one of the most serious human rights violations. Blocking will be a powerful technology to solve this problem and help save millions of children."
Insurance giant announced blockchain prototype. Allianz Group (AGCS), announced to launch a blockchain prototype. The aim of the project is to bring a modernized approach to insured insurances and internal insurance systems. It is designed to simplify the work with different types of policies and processes in which several jurisdictions participate, as well as make corporate insurance more efficient. Hartmut Mai, one of the board member at Allianz said, "At present, blockchain technology is actively being introduced into the financial sector, and we are striving to assess its potential in the corporate insurance sector".
"Blockchain Startups Weekend" gathers blocking experts in Astana. An international educational forum will be held in November, 25th. The participants will be developers, start-ups, investors, heads of large companies, representatives of the technology sector and government agencies, as well as international experts from Russia, Asia and Europe. "Blockchain Startups Weekend" is dedicated to the development and implementation of new digital technologies in Kazakhstan. Within the framework of the event, there will be an exhibition-competition of innovative start-up projects. The winner of the contest will have the opportunity to undergo a comprehensive acceleration to effectively attract investment from Crowdsale Network, a business accelerator that specializes in launching effective start-up projects.
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Blockchain Alliance plans to make transportation more transparent. United Parcel Service (UPS), an American shipping company, joined the blockchain consortium of Blockchain in Trucking Alliance (BiTA). The company together with other participants of the consortium will be engaged in the creation of blockchain-standards systems for tracking cargo and paying for them. According to the statement that Linda Weakland, UPS director of enterprise architecture and innovation made, "Technology can increase the level of transparency and efficiency among transport companies, brokers, consumers, carriers, sellers and other business representatives."
Blockchain technology for good purposes. On December 1st, the pre-sale of Elige.re project tokens will start. This action is based on the use of blockchain technology for searching necessary drugs and chemical compounds for people. The project involves into using the computational power of the miners to implement the necessary calculations to find the searched drug. The miners will be rewarded with the platform’s tokens by contributing to a more efficient search. The project is also developed by specialists in bioinformatics, chemoinformatics, representatives of leading institutes and universities. Attraction of specialists from various fields of science increases effectiveness in solving the tasks assigned to the project.
Bank of America has filed two patent applications regarding a system, based on blockchain technology. The application of patents aims to develop the tracking of file transfer processing in real-time. The system will provide the bank to transfer a huge volumes of data and tracking it through the use cryptographic keys while the process continues. In the beginning of 2014, the Bank of America has filed more than 20 patent applications using blocking technology.
Blockchain technology in banking field of India. State Bank of India (SBI) plans to launch blockchain-based Know Your Customer (KYC). The system provides boosting the efficiency of transactions without compromising either the deals’ security or the confidentiality of its users. To providing such system, SBI has made partnership with Intel. Sudin Baraokar, head of innovation at SBI said, "Based on such component components and the experience of Intel, we can provide consumers with such advanced fintech services as P2P lending, crowdfunding and digitalization of the market."