Blockchain Technology Current Affairs - 2019

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What is Facebook’s Cryptocurrency ‘Libra’?

After months of speculations and rumours, Facebook has officially announced the details of its new global cryptocurrency called Libra. This Facebook owned cryptocurrency Libra will be launched by social media giant in 2020. LIBRA Explained The name Libra is a Roman unit of weight measure. Name is also tries to invoke a sense of financial Read More…

Month:  Categories: Science & Technology

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Digital currency: Aber

The central banks of the UAE and Saudi Arabia will launch a common digital currency called Aber. Aber will be used for financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. Benefits of the Digital Currency The digital currency would be launched to explore the following benefits: The digital currency would aid Read More…

Month:  Categories: InternationalUPSC

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19th meeting of FSDC held in New Delhi

The 19th meeting of Financial Stability and Development Council (FSDC) was held in New Delhi under the Chairmanship of Union Finance Minister Arun Jaitley. The meeting was attended by RBI Governor Dr. Urjit R. Patel, SEBI chairman, IRDAI Chairman along with heads and other senior officers of Government and financial sector regulators. Key Highlights of Read More…

Month:  Categories: Business, Economy & Banking

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NITI Aayog inks SoI for with Oracle collaboration against counterfeit drugs in India

NITI Aayog has singed Statement of Intent (SoI) with Oracle to pilot real drug supply-chain using blockchain distributed ledger and Internet of Things (IoT) software to fight growing problem of counterfeit drugs in India. Strides Pharma Sciences and Apollo Hospitals will partner in this effort. Oracle is US multinational computer technology corporation that specializes primarily in Read More…

Month:  Categories: Governance & Politics

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Bondi: World Bank launches world’s first blockchain bond

The World Bank launched world’s first public blockchain bond named bond-i created, allocated, transferred and managed by using blockchain technology. Bond-i is an acronym standing for Blockchain Offered New Debt Instrument and also refers to tourist famous Bondi Beach in Sydney, Australia. Funds raised from this bond will go towards sustainable development initiatives. Bond-i Bond-I Read More…

Month:  Categories: International

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Telangana, Tech Mahindra ink MoU for India’s first Blockchain District

Telangana State Information Technology, Electronics and Communication department (ITE&C) signed Memorandum of Understanding (MoU) with Tech Mahindra to launch India’s first Blockchain district. The MoU was signed at International Blockchain Congress 2018 held in Hyderabad. Blockchain district It will be centre of excellence, incubator and process development for emerging technology with innovative infrastructure and facilities to Read More…

Month:  Categories: Science & Technology

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NITI Aayog, GNFC ink SoI for research on Blockchain Technology for fertilizer subsidy management

NITI Aayog has signed Statement of Intent (SOI) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to work together for implementing Proof-of-Concept (PoC) application for fertilizer subsidy management using Blockchain Technology. Key Facts Under this collaboration, NITI Aayog and GNFC will jointly develop PoC application, under take research, develop blockchain solutions, exchange learnings, organise Read More…

Month:  Categories: Science & Technology

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