How Japanese Blockchain Technology Revolutionizes Municipal Government in Belgium
Japan-based Tech Bureau is offering Mijin, a private Blockchain technology in “The Blockchain Lab” at Digipolis, to the Belgian municipal governments of Ghent and Antwerp. The private Blockchain will be offered to Digipolis which is an organization for inter-municipal Information and Communications Technology (ICT) for the two Belgian cities, as a part of The Blockchain Lab to demonstrate the possibilities of Blockchain technology in efficient and reliable administrative services. Digital Antwerp. The city of Antwerp is aiming to create a “digital Antwerp” and this would involve embracing....
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In the race to adopt Blockchain technology and cut costs, financial firms have to deal with multiple challenges. Japanese financial firms have been hit by the most basic of them of all – a shortage of technical experts. Japan – regulation a positive. The Japanese government has been active in regulating cryptocurrency-based companies. A new law has been passed regulating Bitcoin exchanges, after the Mt Gox debacle. The Japanese Government passed a bill in May 2016, which recognized that virtual currencies have a function similar to money. Japan has also eased regulations, now allowing....
City official said they are seeking comments from crypto innovators on how to integrate blockchain within the municipal government. City of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to bring blockchain technology to city government on Monday. The project has invited people working in the blockchain and smart contracts space to contact staff working on the project to see how crypto technology could be useful within municipal government. Wheeler tweeted that he was inspired by the blockchain forward efforts of Miami, where Mayor Francis Suarez has touted city....
The municipal government pledged to support the enterprises that are discovering the non-fungibles market. China's biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan. On July 13, Shanghai's Municipal Government published the draft of its "14th Five-Year Plan for the Development of Shanghai's Digital Economy". A document sets the mission of "promoting the deep integration of digital technology and the real economy," with "scientists judging technology....
Financial regulators in Belgium have issued a warning against bitcoin on Thursday, noting that the digital currency is something the general public should be wary of. The statement was issues jointly between the National Bank of Belgium and the Belgian Financial Services and Markets Authority, and warns of essentially the same things most other countries who have issued statements warn about. That, of course, includes price volatility, the fact bitcoin is not backed by the government, the risk of financial crime and fraud, and the possibility of having your digital currency stolen and not....
The closure of Mt. Gox and the investigation of its founder have turned into a national scandal involving the Japanese government after it was revealed that the defunct exchange was bankrupt six months prior to its collapse. The recent upturn could be due to the Japanese media mistakenly reporting that the “Ex-Founder of Bitcoin was arrested” or the magnitude of the investigations. Meanwhile, Japan’s Finance Minister Taro Aso announced that the Japanese government will most likely set up regulations on digital currencies due to recent scandal. The Japanese media is already misreporting....