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ICYMI: Blockchain News from the Weekend. 15th and 16th October | Blocktribe

It’s Monday already! But while you are sipping at your takeaway coffee, bleary-eyed, wondering how Saturday and Sunday went by so quickly, kick start your working week with our weekend round up.

We’ve got blockchain news from Russia, Dubai and Norway, and how Richard Branson thinks we are on the brink of a blockchain revolution.

 

  • IMB predicts blockchain will be used by 15% of banks by 2017. The technology company believes in as little as 2 years, almost one seventh of high street banks will be implementing blockchain in their business model. IMB based their prediction on a survey conducted on 200 international financial establishments. Read more here

 

  • Dubai launches tourism points perk. Starting in the UAE, the New York tech start-up Loyyal has started the blockchain points program, which tourists can be used for air travel, hotels and local attractions. Next target is Norway, where they will launch AiSpot to show people the highlights of Oslo. Read more here.

 

  • Russia government launches ‘Digital Ecosystem’. The Federal Antimonopoly Service (FAS) is working in partnership with Sberbank to test a blockchain-based document exchange system. It will help reduce the costs and speed up the admin process. It’s also been said that it could also be used to prevent voter fraud. Read more here.

 

  • Richard Branson thinks blockchain can solve property and financial issues in Africa. Speaking at the Virgin Disruptors event in London, the entrepreneur said “If you take somewhere like Egypt, 90 percent of people have got houses, they've got a garden, but they've got no piece of paper to show ownership of that ... and without ownership of your property, it's almost impossible to start a business or get a bank loan or anything.” Read more here.

 

(Sources: Coindesk, Cointelegraph, Tnooz)

 

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