Japanese shops and transport companies look to offer digital payment options

Japanese railways are looking to go cashless and potentially introduce payments using Crypto currencies.The Japanese equivalent to Amazon, Ratkenhas announced that it is going to provide the technology to help East Japan railway’s customers pay digitally, as opposed to using cash.
The Japanese government has been trying to encourage its citizens to use less cash and increase the amount people pay using digital methods to 40%. Currently 20% of transactionsin the Japanese economy are paid digitally, compared to South Korea where 89% of transactions are paid digitally, and in China the...

On Saturday

BP using Blockchain technology in the power sector

Julian Gray, Technology Director in the Digital Innovation Organisation department in BP, told a packed room at the Blockchain Expo conference in Amsterdam this week that BP are looking to be a “Digital Energy Company”. Julian said that BP think of Blockchain in just five words-

“Trusting People Over The Internet”

He spoke about a number of projects BP are involved in, that use Blockchain technology.

Continuing with the theme of “Collaborative capitalism”(i.e like LVMH for luxury goods and Maersk’s Tradlens for the shipping industry), BP has invested and helped develop a Blockchain-powered, commodity trading platform,...

How Russia could benefit from considers Digital Assets

The Chair of Russia’s Central Bank, Elvira Nabiullina, has admitted that various central banks are investigating the possibility of issuing a Central Bank-backed Digital Currency. The general stance in Russia towards Digital Currencies seems to be softening, as it had been very anti these assets. It was only just last week in Russia the Central Bank admitted that it would consider using a Cryptocurrency, backed by gold, for international settlements. Russia currently holds over $492 billion of goldwhich, if Digitised, some could be used to settle outstanding international debts and be a way...