Bi-Weekly Blockchain News 10/26-10/30

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Bi-Weekly Blockchain News Scan 10/26-10/30

Six articles which address major announcements surrounding blockchain and cryptocurrency, three articles related to major announcements in the world of cloud storage, and two articles that mention data integrity have been provided in the attached spreadsheet. All articles were published between October 25, 2019, and October 30, 2019.

Blockchain

  • MasterCard partners on blockchain-based food supply chain — MasterCard and Envisible partnered to create a blockchain-based system that will allow supermarkets to trace the origin of food.
  • China goes bullish on blockchain — After Chinese President Xi Jinping voiced support for blockchain technology, an official at China's central bank urged commercial banks to increase their involvement with blockchain technology, and also commented that China should "embrace digital finance."
  • Binance to ‘scale up’ capacity based on China blockchain fever — Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange said that the exchange will "scale up operations" to meet the increased demand coming in after Chinese President Xi Jinping assumed a favorable stance towards blockchain technology.
  • Paxos Gets SEC Nod to Use Blockchain to Settle Stock Trades - The U.S. Securities and Exchange Commission granted Paxos Trust Co. permission to use blockchain technology to settle stock trades, and Credit Suisse Group AG and Societe Generale SA will be among the first institutions to use the new service.
  • Tencent given green light to create blockchain-based invoice standards, bad news for tax evaders — Chinese technology conglomerate, Tencent, has been given approval by the Chinese tax officials to create blockchain-based invoice standards.
  • As China Goes Blockchain, South Korea Pledges New Investment — South Korean Ministry of Science and ICT stated that the country's government will invest about $12.8 million in blockchain projects in 2020.
  • CHI-X wants more oversight of Australia's ASX blockchain system — Chi-X Australia, the competitor to ASX, urged the country’s competition regulator to investigate ASX's plans to replace its registry, settlement and clearing system with blockchain technology, fearing unfair competition.

Cloud Storage

  • Microsoft Wins Massive JEDI Cloud Contract — Microsoft beat Amazon Web Services in a bid to win a $10 billion government contract to create the JEDI cloud system for the Pentagon.
  • Samsung starts integration with OneDrive: Is this the beginning of the end? — Samsung started integrating its phone operating system with OneDrive, forgoing its own product, Samsung Cloud. Photos and videos on Galaxy Note 10 devices have already started synchronizing with OneDrive and more phones will follow in the near future.
  • Red-Hot Cloud Storage Startup Wasabi Opens New Data Center — Wasabi officially opened its fourth data center in Virginia, to meet growing customer demand. The customer demand is increasing at a rate of more than 20% each month, according to the company.

Data Integrity

  • Object storage in the cloud: Is backup needed? — Object storage was designed with data integrity as its primary goal. This typically means that the data in it does not require backup, but experts warn that "object-storage services are still written by humans who can make mistakes" and recommend backing up the data for the time being.
  • Data transfers post-Brexit: will UK meet adequacy? 5 things you need to know — An agreement between the US and EU called the Privacy Shield Framework governs the flow of data between the two entities. Cybersecurity experts are raising the question of what potential impacts Brexit might have on the Privacy Shield Framework.
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