Released by the Israeli Blockchain Association, which is an organization specialized in educating, developing and empowering Israel’s distributed ledger technology (DLT) community. According to the Blockchain Startup Map, there are more than 200 blockchain-based businesses in Israel.
This is obviously proof that the blockchain technology is adopting more and more by businesses in Israel – and that crypto assets are gaining broader adoption across many different industries around the world. As the report noted, there are now more than 200 DLT-related startups in the nation state.
The body also claims that at least 57 of these startups are using blockchain in order to disrupt the nation’s financial technology and its ecosystem while about 37 firms are focused on the Protocols/Core Infrastructure sectors and several others operate in the security field of the economy.
TechCrunch also came out with a report about Israel’s leap forward towards embracing crypto, stating that thousands of blockchain-linked projects have kicked the bucket so far. In the report, the founding partner of the Israeli Blockchain Association said:
“The Israeli blockchain ecosystem is presently experiencing both a boost and a transformation.”
Bank Of America Secures A Patent For Crypto Aggregation Systems
China’s Ping An Insurance Group To Build A ‘Smart City’ By Using Blockchain Technology
Blockchain ‘Smart Money’ Trialed By Australia’s Science Agency And Commonwealth Bank
“Our use of blockchain added new kinds of programmable behaviors to the smart money in the prototype system. This automation and flexibility could reduce friction and enable greater innovation in many payment environments and unlock network-effect benefits. This could include more directly connecting citizens to public policy programs, empowering people to optimize their spending through things like smart savings plans and smart diets, and reducing costs for businesses, including through the potential for self-taxing transactions.”This is not the first blockchain trial where the CSIRO was involved. Previously, the organization collaborated with the University of Sydney, testing a blockchain application on the cloud infrastructure platform of Amazon Web Services - finding that the application was able to achieve a speed of 30,000 transactions per second.
Iran Gets Removed From SWIFT, Considers Switching To Crypto As Planned
“The US has gone rogue, and cannot be allowed to dictate economic or political policy to the rest of the world. The sooner the rest of the world develops an alternative payments system – possibly working through SWIFT, but using a basket of currencies as the basis for a supra-national unit of exchange – the better. The USA is big enough to bully what should be an impartial means for monetary transactions between countries. This should not be possible.’’However, the Iranian Parliamentary Commissioner of Economic Affairs, Mohammad Reza Pourebrahimi, said that the country is working on a plan to involve cryptocurrencies as international payment methods cooperating with Russia. Already multiple businesses in Iran such as HotelsinIran which is a major booking platform started accepting cryptocurrencies as a payment method. Many experts believe that this is a perfect way for cryptocurrencies to gain mass adoption in Iran.
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- Bank Of America Secures A Patent For Crypto Aggregation Systems
- China’s Ping An Insurance Group To Build A ‘Smart City’ By Using Blockchain Technology
- Blockchain ‘Smart Money’ Trialed By Australia’s Science Agency And Commonwealth Bank
- The 30% Share Battle: Hundreds Of Crypto Exchanges Compete For Market Share
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