Inshorts

Collaborative project aimed at solving advertising fraud using Blockchain technology. DMA and MetaX have partnered to create adChain, Cointelegraph reports. AdChain aims to make the digital marketing and advertising field safer and more efficient for advertisers, users and publishers. The platform will give a sense of full ownership of the web properties for publishers, at the same time blocking off fraudulent users who have the intention to steal ads or information.

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India-based banking firms select Microsoft Azure as their exclusive cloud partner. According to Coindesk, State Bank of India, ICICI Bank and DCB Bank will use Microsoft's Azure blockchain to host the nodes that will relay transactions on their distributed ledger systems. The first active project to use Azure will be Primechain-KYC, a closed, permissioned blockchain built by Mumbai-based Primechain Technologies.

Singapore Central Bank will digitalize national currency creating a tokenized form of the Singapore dollar. According to CoinJournal, the Monetary Authority of Singapore (MAS) and the central bank partnered with R3 consortium in the framework of Project Ubin to develop a blockchain-based interbank payment tool. The system is based on Ethereum blockchain, which has already been tested by the Central Bank of Canada.

Business Area Markets is testing potential applications of blockchain. BA Markets is the energy trading branch of Vattenfall, a leading Swedish power company owned by the government. According to Coindesk, the company has joined forces with 22 other European energy trading firms in an effort to build a peer-to-peer trading system in the wholesale energy market using the blockchain with lower transaction costs. The proof-of-concept will run until the end of 2017, and if successful, participants intend to start live trading on the platform. 

Canadian authorities as joined a prominent blockchain research effort. According to Coindesk, the provincial government of Ontario, the city of Toronto and the Bank of Canada joined the the Blockchain Research Institute, founded by Don and Alex Tapscott. Navdeep Bains, Canadian Minister of the Innovation, Science and Economic Development, said this research partnership will give Canada a globally competitive advantage in the development of this transformative technology.

Major exchange Kraken announces BTC withdrawals will now cost $7. Kraken always pays a miner fee that is sufficient to ensure transactions are processed quickly, Cointelegraph reports. That is why the new withdrawal fee will be a fixed 0.0025 BTC per transaction, currently equivalent to around $6.75. Users suggested trading and withdrawing other coins with lower fees, like Ethereum and Dogecoin, attracting fees of around one cent.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

State Agency for Electronic Government of Ukraine and Bitfury signed a memorandum of cooperation. The memorandum focuses on the integration of bloсkchain into the basic registers and the sale of confiscated property "SETAM", Forklog agency reports. It is expected that after the signing of the document, "SETAM" will become the first state organization in Ukraine which uses the blockchain technology in its processes

Blockchain can solve all the problems that fine art world faces. Deloitte presents a platform providing a distributed ledger of the provenance and transportation history of physical art pieces, Cointelegraph reports. ArtTracktive shows how Blockchain technology can solve the current authenticity and traceability issues in the art world, by recording the full history of an artwork in a secure environment available to all.

The Australian government's research agency released reports focused on blockchain technology. One of the reports focuses on four possible scenarios for blockchain adoption in Australia, coindesk reports. The other centers around the opportunities and risks for the tech in several application areas, including government registries and agricultural supply chains.