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VerifyUnion Blockchain ID Platform and New Zealand ASB Bank to Organize Export Trade Deals

VerifyUnion and ASB Bank have developed a new digitized and automated trade process and platform that helps exporters conduct businesses on the blockchain. Data integrity and fraud risk are among the main benefits of this platform. VerifyUnion is a decentralized identification platform and ASB Bank is a financial institution owned by the Commonwealth Bank of Australia. VerifyUnion works by providing data ownership and protects user privacy securing documents and identities. ASB Bank operates in New Zealand and provides financial services such as retail, businesses and rural banking, among other things such as funds management or insurance. The companies were able to create this digitized platform that will offer a ‘single trade window.’ All the documents, such as certificates of origin, government approvals and traceability information can be exchanged using this specific platform. In order to start exporting, the documentation process takes over 8 days. Physical papers have to be exchanged between the bank and the client. VerifyUnion CEO, AJ Smith, explains that it is necessary to trust that the physical documents haven’t been tampered with. In order to test the network, Greenlea completed New Zealand’s first blockchain export. Other institutions involved in this pilot involved the Chamber of Commerce, Ministry of Primary Industries, the New Zealand Meat Board and other insurance companies. The platform was capable of transfer documentation and cash within an hour, compared to two or four days that it could take in the past or using traditional systems. Jack Bollebregt, Greenlea chief financial officer, said that the platform will be reducing the documentation timeframe for exports in New Zealand. Additionally, he explained that risks related to cybersecurity threats are also tackled. On the matter, Vollebergt commented: “We’re exporting to 40 different countries and being able to use the ASB blockchain platform removes the weak spots and ensures the integrity of the data. We also especially like the instant translation capability which will limit any misunderstandings or human error that can come from dealing with businesses based in different countries and time zones.” ASB Bank general manager of global transaction banking, Greg Beehre, said that they are committed to start implementing blockchain systems and improve trade processes for customers. He then said that New Zealand’s export industry will remain competitive with this new platform and by using blockchain technology. There are several companies that are starting to implement blockchain systems for exports and imports. The Chinese e-commerce giant, JD.com developed a blockchain system to track meat from the farm until it reaches the customer.
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New Zealand ASB Sees First Ever “Bank Blockchain Trade” Happen by Sending Meat to Korea

New Zealand’s First Ever “Bank Blockchain Trade”: Sending Meat to Korea It has been recently revealed that an arm of New Zealand Bank, ABS has recently contributed towards what they call a “Bank Blockchain” trade. More specifically, Kiwi meat exporter Greenlea Premier Meats sent meat to a Korean importer through the use of blockchain technology. As per local news outlet, nzherald.co.nz’s report, ABS’s General Manager, Greg Beehre described this endeavor as being the first of its kind, as it implies that every paperwork required can be now transferred via digital payment methods and processing. In addition, Beehre revealed that this method promotes time efficiency considering the fact that it took them an hour to clear out payment compared to the typical range of business days otherwise. CEO of Greenlea, Tony Egan shared the reason for considering blockchain to begin with as being its feature of limited breach. In addition, he seems to have been attracted by the tech’s storage cap, as it allows exporters and importers to manage data in one place, as opposed to referring to piles of paper, which can easily get lost without proper attention. Here’s an extract on what a member of Greelea, Jack Vollebregt had to say in regard to this new milestone: “Being able to use the ABS blockchain platform removes the weak spots and ensures the integrity of the data. We also especially like the instant translation capability which will limit any misunderstandings or human error that can come from dealing with businesses based in different countries and time zones.” All this being said, details regarding the type of blockchain used was not provided in depth. However, it has been assumed to be a private and permissioned blockchain, which makes sense given that it is a business interaction – one that normally will not be disclosed publicly unless questioned.
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VerifyUnion, ASB Bank Partner On Blockchain Platform For Exporters

Decentralized identification platform VerifyUnion has teamed with New Zealand’s ASB Bank to develop a blockchain-based service used to organize export trade deals. Founded in 2017, VerifyUnion provides total ownership of the data that is stored, from the network through to the customer (end user), while protecting user privacy and securing documents and identity. Its first product was a decentralized digital identification and verification platform on blockchain. The company expanded its product range to supply chain management in June 2018 to showcase the benefit of its products used alongside a supply chain management system. ASB Bank is a bank owned by Commonwealth Bank of Australia, operating in New Zealand. It provides a range of financial services including retail, business and rural banking, funds management, as well as insurance through its Sovereign Limited subsidiary, and investment and securities services. It also operates BankDirect, a branchless banking service that provides service via phone, Internet, EFTPOS and ATMs only. The two companies have developed a digitized, automated trade process and documentation platform to help exporters conduct business, ensure data integrity, and remove fraud risk. Based on blockchain, the platform offers a “single trade window,” which means all documents including certificates of origin, government approvals, traceability information and other key documents can be exchanged through one touchpoint. “Currently the documentation process for exporting takes around 8 days because physical papers have to be couriered back and forth between bank and client,” said VerifyUnion CEO AJ Smith. “It also means we have to trust that the physical documents haven’t been tampered with.” The platform has been piloted by Kiwi meat exporter Greenlea and successfully completed New Zealand’s first blockchain export trade. The pilot also involved the Chamber of Commerce, Ministry of Primary Industries, the New Zealand Meat Board and insurance companies, including Vero, document processing company Prodoc, as well as local and international banks. The pilot shadowed a live trade from Greenlea to their large Korean importer. The platform was able to digitally transfer documentation and cash within one hour – compared to the two to four days it would take to process using traditional systems. Jack Vollebregt, Greenlea chief financial officer, said that the platform will help them reduce the documentation timeframe for New Zealand exporters and mitigate risks such as cybersecurity threats and fraud. “We’re exporting to 40 different countries and being able to use the ASB blockchain platform removes the weak spots and ensures the integrity of the data,” said Vollebregt. “We also especially like the instant translation capability which will limit any misunderstandings or human error that can come from dealing with businesses based in different countries and time zones.” Greg Beehre, ASB Bank general manager of global transaction banking, said that ASB is committed to using blockchain to improve the trade process for its customers. “ASB is helping ensure New Zealand’s export industry remains competitive through offering single trade window with enhanced cyber security, traceability across the whole supply chain ecosystem, and decreasing the time involved in doing international trades,” said Beehre. “It’s a pretty proud day for us. Plus, it offers traceability and is scalable across the whole supply chain ecosystem giving all partners in the process a competitive advantage. That was really important to us here at ASB.”
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HKEX plans to create a blockchain platform, Taiwan implements new amendments to AML and CFT laws, SEC ceased over dozen illegal ICOs, RFB demands monthly reports from crypto exchanges, Petro recognized as a legal tender, crypto industry to regulate itself in Japan, HSBC and RIL settle India’s first LoC transaction on blockchain, ASB settles New Zealand’s first export deal using blockchain

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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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