South Korea’s ‘Bit-Island’ Jeju Announces New Blockchain Initiative

South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. An island with blockchain ambitions Local news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the author of the report stated that cloud services provider Tilon will carry the research. Per the report, the budget meant to cover the costs of the project amounts to 175 million won (nearly $145,000). In April local news outlet BusinessKorea reported that Busan — South Korea’s second…

US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept. The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late August to late September, per a report published on the CBP’s website. The COAC advises the Secretaries of the Department of the Treasury and Department of Homeland Security.  The announcement specifically comes by way of COAC’s Next Generation Facilitation Subcommittee, an entity comprised of four working groups that aim to improve…

IT Giant Oracle Sues Blockchain Startup for Taking Its Name

Software development behemoth Oracle is suing blockchain startup CryptoOracle, alleging trademark infringement and cybersquatting. Cybersquatting and trademark infringement Technology market news outlet Computer Reseller News (CRN) reported on Aug. 15 that Oracle sued CryptoOracle alleging trademark infringement and cybersquatting in the Northern District of California.  Wikipedia states that cybersquatting “is registering, trafficking in, or using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else.” The complaint filed by the tech giant reportedly claims that the startup’s name has been…

Salesforce Blockchain Certifies First Ever Artwork-Painted Lamborghini

A one-of-a-kind Lamborghini Aventador S with a custom street-art paint job is on show at the 2019 Monterey Car Week in California, Aug. 15-18. The vehicle will be the first Lamborghini to be certified through a pilot project using Salesforce Blockchain to protect the car as a work of art. Automotive art meets street art The Aventador S represents a fusion of the automotive art of Lamborghini, coupled with the distinctive street art of rising star, Skyler Grey. Nineteen year-old Grey is one of the youngest street artists to be…

Major Staffing Company Kelly Services Turns to Blockchain With New Partnership

Global staffing company Kelly Services announced a strategic partnership with online blockchain-based hiring platform Moonlighting. As Forbes reported on Aug. 14, Kelly Services will deploy Moonlighting’s blockchain-enabled hiring platform in a bid to streamline internal processes such as secure uploading of job seekers’ profiles and their distribution among various platforms. Moonlighting is based on EOSIO’s public blockchain and reportedly does not involve the use of a cryptocurrency. Moonlighting CEO and founder Jeff Tennery told Forbes that the biggest problem with the gig economy is its fragmentation, wherein people have to…

Blockchain Music Streaming Startup Unveils Source Code, Incentives

Audius, a blockchain startup that aims to disrupt the music streaming industry, has uploaded its public beta version.  The open source code for public use of Audius is available on GitHub as of Aug. 15. Additionally, the startup has issued an open invitation to run network nodes in exchange for compound rewards distributed in Audius’ native token. Decrypt reported the startup’s recent developments on Aug. 15. According to Audius CEO Roneil Rumburg, Amazon Web Services is one provider that users can take advantage of to run a node for the…

Alibaba Files US Patent for Blockchain Domain Name Management System

Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”  Alibaba filed its latest application on Aug. 15 in a continuation of an application filed in November 2018. According to the filing, Alibaba intends to patent a system that uses what they call a “unified blockchain domain name” (UBCDN) in order to denote and share information. In the system, Alibaba proposes to use a computing system to generate a UBCDN message which contains a blockchain domain name…

Blockchain Can Solve EV Charging Trust Problem

Researchers at the University of Waterloo in Canada have used blockchain technology to improve trust in electric vehicle (EV) charging systems, reported academic publication portal EurekAlert on Aug. 14. This development could increase uptake and expand the overall charging infrastructure for electric vehicles. New ventures have no established trust relationships In general, an EV charging service provider will look for property owners to partner with and install charging points. Owners of electric vehicles can then use these for a fee, which is shared between the equipment supplier and the property…

Commerzbank Makes Milestone Blockchain Trade With Logistics Provider

Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed another milestone trade on the Marco Polo platform. As reported Aug. 15, on this occasion, logistics provider Logwin AG was integrated into the digital process chain, digitally and in real time. Same same but different As with an earlier transaction, the trade took place between German supplier, KSB, and Taiwanese mechanical engineering group, Voith. Another shipment of special hydraulic couplings was delivered using blockchain technology via the Marco Polo trade finance network. However, for the first time ever this transaction included the integration…

Blockchain Firm Findora Hires Former Coinbase CTO as Strategic Advisor

Finance infrastructure-focused blockchain project Findora has appointed the former chief technology officer of major American cryptocurrency exchange Coinbase as a strategic advisor. As fintech media outlet Fintech Finance reported on Aug. 14, Balaji Srinivasan joined Findora after serving as a general partner at venture capital firm Andreessen Horowitz, and co-founder and CEO of blockchain-powered paid messaging service Earn.com.  Apart from Srinivasan, Findora has also hired Dan Boneh, head of Stanford University’s Cryptography Group, to the same position. Commenting on the appointment, Findora CEO Charles Lu reportedly said: “We are excited…