Month: March 2018

Russia: Municipal Court In St. Petersburg Rules To Unb… | News

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The Municipal Court of Russia’s second largest city, St. Petersburg, annulled a trial court’s previous decision to ban 40 Bitcoin-related websites in the Russian Federation, local news outlet RIA Novosti reported Tuesday, Feb. 27. In July 2017, the Oktyabrsky District Court of St. Petersburg granted the application of the St. Petersburg Prosecutor’s Office and ruled to block 40 Bitcoin-related websites. Earlier in March 2017, St. Petersburg prosecutors filed a lawsuit to ban websites such as Bestchange.ru and 24paybank.com because they Read more …

Dubai to Launch Blockchain-Powered Automobile Tracking Service

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Car owners in Dubai and the United Arab Emirates will soon be able to track their vehicles entire life history, thanks to a government-backed blockchain platform. What’s Your Car’s Story? According to Arabian Business, the transportation authority of Dubai has unveiled plans to create a blockchain-based vehicle management system, allowing owners to track their vehicle throughout the duration of its existence — from its construction to its destruction. Initially, the blockchain-powered platform will only track all cars in Dubai, but Read more …

Porsche Becomes First Auto Manufacturer to Utilize Blockchain Technology in Cars

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Luxury car manufacturer Porsche, in collaboration with Berlin-based start-up XAIN, is testing the application of blockchain technology directly in vehicles, making it the first automobile manufacturer to do so. According to a press release the company issued last week, the applications tested include locking and unlocking the vehicle via an app, temporary access authorizations, and encrypted data logging. Porsche hopes these applications can be developed further, to improve autonomous driving functions, for example. Porsche Porsche’s blockchain technology, which runs on Read more …