Oracle Blockchain Technology helps underserved in the Philippines.

In the Philippines, a large number of people lack access to financial services. Here is how Traxion provided the needed platform in order to serve them, with help from Blockchain and AI technology. in the Philippines there are so many provinces or rural areas where there are vast number of underserved in terms of financial access or financial services. Regional players are trying to provide platforms as a service to the enablers of the bottom of the pyramid. NCCC is one of the biggest supermarket chain in mindanao has partnered with tracxion to provide credits to cooperative members and small business employees. The partner program that relies on Oracle blockchain technology uses a QR code technology saving the transactions of these members, thus expanding the products and offerings that provide this community of underserved, unbanked.

Chan Chun Sing speaks against the fragmentation trend in the world.

Speaking at the IBM Think Singapore event on Wednesday (Aug 14), Trade and Industry Minister Chan Chun Sing pointed out that the world is facing a “great challenge” today as there are many parts of the world that do not believe in integration. He said the world risks being fragmented, and if this does happen, “we will all be poorer for it”. He said in the conference that “Companies like IBM, Google, PayPal - any company that relies on digital services, any company that relies on having data flowing across borders to produce products and services - will not survive very well if the fragmentation trend continues. He emphasized that the world is a better place if everyone can integrate and optimise their production systems and supply chains, and if ideas can be shared and worked on collectively. Singapore’s exports together with the exports for electronic products, particularly that of integrated circuits, disk media products and PCs, heavily hit. Singapore economy shrank 3.3 per cent in the second quarter. The Trade and Industry Ministry pointed out that the sharp slowdown is due to “strong headwinds” ranging from an escalating trade war between the United States and China to a downturn in the global electronics cycle. Read more at >>

Blockchain Browser patent from IBM

"A new patent application from IBM describes a blockchain-based web browser.  "Published on August 6 by the United States Patent and Trademark Office, IBM’s patent is for a web browser backed by a peer-to-peer network.  "The browser collects pre-specified information from web browsing sessions, according to the patent. The information is then transferred to a network of peer-to-peer nodes for collection and storage. Information collection depends on the type of browsing experience chosen. Browsing on a work computer versus a personal browser would demand different settings, for example. "Types of potentially storable session information include what websites one visits, bookmarks, task performance, geolocation, plugin installation, and security patches.   "As the company states, a blockchain-based browser 'affords a system for storing browsing information such that privacy is preserved and places privacy in the ‘hands of a user’ rather than a third party. "One potential use-case the document includes, among others, is an attack on a computer’s browser. If secured by blockchain technology, a viable backup of all user information is available. "Interestingly, IBM included a token in their model. IBM says tokens will verify a users browser session activities as they are packaged into blocks for the peer-to-peer network. ..." Read more on >>