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The Supreme Court of China has called for widespread implementation of blockchain technology0
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- May 26, 2022
By 2025, the Supreme People’s Court of China has asked the Chinese legal system to use blockchain technology to connect courts across the country. In a paper release on Wednesday, the Supreme Court states that blockchain can be to verify and share judicial data, legal documents, and reports. According to the document, there are approximately
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The US Congress has introduced 50 legislation related to digital assets and blockchain rules0
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- May 21, 2022
The US Congress has expanded on its desire to regulate cryptos and other digital assets after careful examination. The legal ambiguity surrounding digital assets has become a major cause of concern in several global economies. The recent Terra collapse, in which the cryptocurrency market lost $15 billion, has only highlighted the necessity for regulation. In
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The Indian Finance Minister hails blockchain technology0
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- May 9, 2022
While hailing blockchain as “extremely necessary,” Indian Finance Minister Nirmala Sitharaman stated that the “inherent risk” of this nascent technology necessitates prudence. Private cryptocurrencies like as bitcoin, on the other hand, are “pretty well disseminated” in India, according to her. Sitharaman explained that while the Indian government supports the use of distributed ledger technology (DLT),
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Algorand goal is to turn network transaction costs into carbon offsets0
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- April 21, 2022
Algorand, a proof-of-stake blockchain technology, will implement a smart contract that will automate the network’s carbon emissions offset. Algorand has announced that a new smart contract within its blockchain network will automatically process a portion of each transaction fee to acquire verified carbon credits at ClimateTrade, a blockchain-based carbon offset marketplace. According to Staci Warden,
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Three African nations intend to use cryptocurrency and blockchain technology0
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- April 16, 2022
According to a statement made by The Open Network (TON), the Democratic Republic of Congo (DRC) is considering launching a national stablecoin based on blockchain. Furthermore, the DRC, along with Cameroon and the Republic of Congo, intends to use TON-powered cryptocurrency and blockchain-based solutions. The announcement of the blockchain entity’s plan to supply these solutions
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In China, more courts are accepting evidence stored on the blockchain0
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- March 22, 2022
According to Chinese media, Sichuan and Inner Mongolia have recently announced their first cases involving blockchain-stored evidence. The Saihan District People’s Court in Hohhot City, Inner Mongolia, accepted a contract kept on a blockchain as evidence in a case involving a loan contract dispute between the plaintiff and the defendant. The court examined the plaintiff’s
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