Process Coronavirus Claims: Chinese Insurance Firms Use Blockchain

Chinese insurance companies use blockchain to handle claims linked to coronavirus in the middle of the outbreak. South China Morning Post reported on Feb. 9 that this month the Chinese online mutual assistance network Xiang Hu Bao added the coronavirus to the diseases eligible for a maximum one-time payout of about $14,300 (100,000 yuan). Blockchain used for collecting insurance claims Xiang Hu Bao is not an insurance policy but a decentralized claim-sharing site focused on blockchains that counts 104 million users. The blockchain technology is used by the company. According to the study to prevent…

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Bitcoin’s $10,000 Breakout Supported by Significant Improvements in Investment Activities

As stated by investor activity in the chain, Bitcoin’s huge $ 10,000 break is being driven by serious demand. Many are skeptical of the most recent Bitcoin over $ 10,000, but metrics on the chain indicate that this may be just the initially. Despite the fact that the top cryptocurrency deposits also saw an increase of more than $ 10,000 last summer and hold out a high of $13,000 at the end of June, this time it looks different. As claimed by Willy Woo (@woonomic), on-chain metrics be seen that…

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The French Food Company looks to the IBM Blockchain Network for Sourcing Better

IBM Food Trust blockchain platform has embedded yet another French manufacturer seeking to enhance product provenance and supply chain transparency. According to a Feb 4 press release, the Avril Group, a vegetable oil, eggs, and protein producer. And also the owner of the Matines and Lesieur brands. They have started using the IBM Food Trust network to ensure the traceability of their products. Enhancing corporate social responsibility and customer experience The Avril Group expects to improve its corporate social responsibility by applying blockchain. Especially when it comes to sectors such as quality livestock and animal welfare…

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Blockchain Charity Network to Combat Outbreak of Coronavirus

Hyperchain’s Feb. 4 press release revealed that it would introduce its blockchain-based platform to counter the coronavirus epidemic. It will serve as a platform for donations of medical supplies to benefit hospitals in central China. About more than 400 people in mainland China have been killed by recent coronavirus outbreak. Overseas Chinese people and the nation as a whole were mobilized to donate. Even though doctors still do not receive sufficient critical medical supplies. Red Cross China came under fire for failing to deliver urgent supplies to hospitals on the…

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Bitcoin Accomplish Major Success With Half Billion Transaction Invested

The Bitcoin network has exceed 500 million transactions since its lifespan more than 11 years ago. As stated by Satoshi’s blockchain analytics site, there were half a billion transactions on the Bitcoin block at press time. Crypto firm Casa CTO Jameson Lopp, co-founder & CTO site Statoshi celebrated the success on Twitter, said: “Today, as of block 00000000000000000001145bf2e7cb7f04df55feaf3b55d9f6511522bbbf333f at height 616064, Bitcoin surpassed 500 million transactions confirmed on the blockchain.” From the First Beginning Transaction to Today’s Success The earliest Bitcoin transaction came about on 12 January 2009. Nakamoto and…

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Deutsche Bank Report That Cryptocurrency Integrates To Hit 200 Million Users Before 2030.

New research report by Deutsch Bank states that cryptocurrency integrates set to reach 200 million before 2030. The price of the top crypto hit nearly $20,000 on major exchanges that view on the overall adoption of cryptocurrencies has been on a sharp uptrend following Bitcoin’s bull run in 2017. As stated by Deutsche Bank report on January 2020, the adoption is predicted to increase exponentially in the coming years as the field targets over 200 million users before 2030. we connect the dots between the dematerialisation of payments and the rise of…

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Bitspark Stops Restructuring, Coronavirus, And Protests

Bitspark, a blockchain remittance company based in Hong Kong, has declared its closure unexpectedly, citing issues of internal restructuring. On Feb 3, co-founder and CEO of Bitspark, George Harrap, officially announced plans by the company to shut down its services on March 4, 2020. Bitspark users will be able to withdraw their cryptocurrencies from Feb. 3 to March 4 as a functionality of the platform will remain intact over the duration, according to the release. Account logins will be disabled for a period of 90 days after March 4. With…

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Bank Chair Says: Tech Like Blockchain Will Transform Chinese Economy

Digital transformation is a national priority for China and is incorporated into businesses and banks as well as other service industries. According to a Feb. 4 article from Economic Information Daily, Minsheng Bank Chairman Hong Qi says that the complete adoption of digital technologies such as blockchain expect to accelerate the digital transformation and develop its agriculture, manufacturing, finance, and other services over the next 10 years. China Minsheng Bank is the first national commercial bank primarily operate by non-governmental undertakings. It is known for making loans to small and…

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Under German law, Waves Founded a Non-Profit Organization

According to a Feb. 3 press release, Waves open-source blockchain platform set up a non-profit organization called Waves Association in Frankfurt, Germany. To provide effective governance for its own ecosystem, Web3. To promote the development of DLTs including public and private blockchain protocols. Six countries unite The Waves Association will be represented by ten community members from six different countries. Which is Portugal, Spain, Switzerland, Germany, The Netherlands, and Russia. Waves founder Alexander Ivanov, who is also a member of the association. Calls for the launch of the Waves Association…

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UAE Ministry of Health: Debuts Blockchain Medical Data System

A blockchain-based data storage platform has been launch by the UAE Ministry of Health and Prevention (MoHAP). Along with the Ministry of Presidential Affairs, Dubai Healthcare City and other relevant authorities. The blockchain-based platform, according to the Emirates News Agency on Feb. 2, aims to improve the quality of digital health services provided by MoHAP and other health authorities. It will help users streamline the search for health care facilities and they’re licensed medical and technical staff. As well as to inquire about supply chains for medication. The new data…

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