Sierra Leone puts national ID cards on the blockchain

President Dr Julius Maada Bio

The government of Sierra Leone is to introduce a blockchain-based national identity system at the end of this year, enabling citizens to “grant access to approved institutions to assert and verify identity and also build credit histories,” the country’s president has announced... More




NFC World

CryptoKaiju launches Cryptokitty toys with NFC

Wouldn’t you like a Real CryptoKitty? — Decrypt — “The 7.5 inch CryptoKitties each have a unique identity and are traceable on the blockchain. Look underneath the toy’s foot, and you’ll see a tamper-proof, near field communication (NFC) tag, with a unique serial number. Doting owners can interact with the chip, using a smartphone or other device, to access details about their toy’s unique characteristics.”


NFC World

ShipChain to use NFC to track temperature-sensitive shipments on the blockchain

ShipChain and GTX Corp launch global NFC blockchain shipment tracking solution — ShipChain — “The NFC tags provide real-time temperature sensing and data logging across the supply chain necessary with transportation of perishables; food, drinks, pharmaceuticals and other temperature-sensitive products that can be negatively affected by conditions in transit. These built-in security measures can prevent the distribution of contaminated supplies in the marketplace and unauthorised modification of data logs, allowing brands, retailers, distributors, and freight forwarders to verify shipment quality.”


What's New in Payments

Mastercard pilots blockchain product provenance platform

Mastercard enables luxury shoppers to purchase with confidence — Mastercard — “Consumers will be able to shop the exclusive Rodarte pieces at Fred Segal Sunset with the ability to scan a QR code on the garment’s tag to trace each step of the product journey. Consumers who purchase from Fred Segal’s online store can learn more about the product journey and verify authenticity by scanning the QR code when their package arrives at home.”



What's New in Payments

Shinhan to put credit cards on the blockchain

Shinhan Card develops blockchain-based payment system — The Korea Times — “With the patent-winning technology, the card firm has established a blockchain-powered credit transaction process that enables various functions, such as setting a maximum spending limit, paying in monthly installments and completing payments between merchants and consumers… The company is the first in the world to have established a credit transaction service using the new record-keeping technology, it said.”


What's New in Payments

Turkey unveils plans for a central bank-issued digital currency

Turkey puts central bank digital currency on new economic roadmap — Coin Telegraph — “The government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap published on July 9… In addition to a central bank digital currency, the development plan lists blockchain adoption in the operations of transportation and customs.”


Samsung partners with Korean banks and carriers to launch blockchain mobile ID platform

Consortium launches blockchain-based digital ID in S Korea — Yonhap News — “A group of major tech companies and financial institutions have joined hands to launch a blockchain-based digital identity platform available on smartphones… Samsung Electronics Co, three mobile carriers — SK Telecom Co, KT Corp and LG Uplus Corp — KEB Hana Bank, Woori Bank and Koscom, an IT subsidiary of the main stock exchange, signed an agreement to jointly develop a mobile application for the digital ID platform.”


Walmart combines blockchain and QR codes to let Chinese consumers verify source of fresh produce in stores

Label on food

Walmart customers in China will soon be able to scan QR codes on stickers attached to fresh meat, rice, mushrooms, cooking oil and other produce to acquire detailed product information including “the source of the scanned products and geographic location received by Walmart, logistics process, product inspection report, and many more data points”... More


What's New in Payments

Saudi banks pilot blockchain-based cardless ATM withdrawals

Saudi banks trial blockchain-based identity technology at ATMs — Computer Weekly — “The Saudi Arabian trial will enable local consumers to use their faces and blockchain-based apps to withdraw money from cashpoint machines instead of PINs. The ID authentication prototype, currently under test, can communicate across banks and uses blockchain to confirm an individual’s identity without accessing the bank’s database.”


What's New in Payments

Visa, Mastercard and PayPal back Facebook’s Libra cryptocurrency launch

The Libra Association — Libra — “Libra is a global, digitally native, reserve-backed cryptocurrency built on the foundation of blockchain technology. People will be able to send, receive, spend, and secure their money, enabling a more inclusive global financial system… The Libra Association is made up of a group of diverse organizations from around the world… This initial group of organizations will work together to finalize the Libra Association’s charter and will become the association’s Founding Members upon its completion.”


What's New in Payments

Facebook unveils its blockchain digital wallet plan

Coming in 2020: Calibra — Facebook — “Today we’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as a standalone app — and we expect to launch in 2020.”



NFC World

ABN Amro unveils blockchain-based NFC platform for trade inventory tracking

ABN Amro to launch Forcefield — ABN Amro — “The platform can communicate with physical trade inventories through the Internet of Things, sensors and near field communication chips. As a result, the inventories, which are often collateral for loans, can be monitored very effectively, which will lead to more secure physical handling processes and a reduction of costs.”


What's New in Payments

Nike registers ‘cryptokicks’ trademark

Nike’s ‘cryptokicks’ trademark application hints at its new blockchain ambitions — The Next Web — “The application, filed on April 19, outlines how the company‘s proposed digital currency could be used by an online community. The document also describes an online footwear and clothing marketplace, as well as ‘a website featuring technology that enables users to mine, earn, purchase, receive by any other means, store, and transfer blockchain-based tokens, coins, cryptocurrencies, and other crypto assets’.”



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