Overview of the most interesting blockchain initiatives

Feb 11 · 2 min read

Distributed ledger technology remains one of the hottest trends among financial, government, and commercial organizations worldwide.
Let’s consider the most interesting initiatives using the blockchain at the moment.

Australian Mint will track blockchain gold shipments

Perth Mint Australia announced plans to develop a trueGold blockchain platform to track the gold supply chain to the market.

The solution is implemented in collaboration with Security Matters. Partners pay particular attention to the ethical side of the origin of the precious metal.

A trueGold launch is expected to happen early next year.

University in South Korea will issue diplomas on the blockchain

Pohang University of Science and Technology (POSTECH) has announced that it will issue blockchain education diplomas for graduates.

The educational institution will be the first in South Korea to take such a step. Earlier, diplomas on the blockchain were issued by the Massachusetts University of Technology in the USA.

POSTECH expects with diplomas on a distributed registry not only to prevent their possible falsification, but also to prevent the spread of coronavirus, since graduates will not have to appear in person, as is the case with paper documents.

Citigroup and Goldman Sachs exchange shares on blockchain

The two largest investment banks in the world, Goldman Sachs and Citigroup, conducted a successful transaction using blockchain technology.

The banking giants have completed the first of its kind stock exchange on a distributed registry. Another 13 such operations are queued.

Financial institutions have taken advantage of the Axcore blockchain platform, which, like Ethereum, allows you to deploy smart contracts. The network was created by startup Axoni.

According to the representative of Citigroup, the new technology allows you to instantly coordinate the life cycle data of securities, which used to take a significant number of working hours of specialists.

If you want to implement the idea for a new use of blockchain technology, visit our website, which describes all the services that bc.team can implement to put your idea into practice.

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