Nikkei — TOKYO — An experiment to create a low-cost and highly reliable blockchain infrastructure to record financial transactions is gathering steam in Myanmar. Blockchain is a distributed database that maintains a continuously-growing list of data records that are difficult to tamper or revise. The technology serves as the public ledger of transactions using the virtual currency bitcoin.
ZDNet — IBM plans to open its first blockchain innovation centre in Singapore, with one of its first projects to focus on developing trade solutions using blockchain technology to improve the efficiency of multi-party trade finance processes and transactions.
The Blockchain. — IBM has opened The Watson Centre at Marina Bay in Singapore – an incubator designed to bring together organisations of all sizes, business partners and IBM experts to co-create business solutions that leverage IBM’s cognitive, Blockchain and design capabilities. IBM’s new Asia Pacific headquarters is based in the same location, in the heart of Singapore’s financial district.
IT News — If you use the term “cloud computing” at your next barbeque, owing to the invention of smartphones, you might find yourself in a conversation about privacy. If you mention the term “big data”, you might also get a flicker of recognition and end up in roughly the same place. However, if you drop the word “blockchain” into the discussion you’re almost guaranteed a blank stare.
Enterprise Innovation — Mizuho Bank, Fujitsu, and Fujitsu Laboratories have jointly conducted an operational trial using blockchain technology, which makes it practically impossible to tamper with transaction histories and shortens the processing time for cross-border securities transactions from the current three days to same-day settlement. The trial took place from December 2015 to February 2016.
Crypto Coins News — Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan.
Blockchain Agenda, a global blockchain conference that is now meeting in 10 major cities in the world, will be held at KINTEX in Ilsan for three days from Dec. 9. A blockchain is a public ledger that is viewable by anyone in the world, and is distributed via the torrent protocol. A key example using this technology is virtual currency bitcoin. Since it can store any form of data and can be directly transacted by users, it is also used in stock trading in the U.S.-based NASDAQ.