LG reports ~10% sales bump in Q1, mobile revenues up 4% QoQ, 2% YoY

LG reports ~10% sales bump in Q1, mobile revenues up 4% QoQ, 2% YoY

LG Electronics has posted its Q1 2017 results, which show a nearly 10 per cent year-over-year jump in revenue. The electronics maker is reporting KRW 14.66 trillion ($12.70BN) in revenue, an increase of 9.7 per cent from the same period last year. While its operating...
Blockchain Could Expand Central Bank Access, Says Bank of Japan

Blockchain Could Expand Central Bank Access, Says Bank of Japan

Central banks could allow access to accounts around the clock if they used blockchains or cryptocurrencies, a senior Bank of Japan official speculated last week. Speaking during a finance forum on 21st April, deputy governor Hiroshi Nakaso touched on the subject of...
Cambodia’s Central Bank Signs Deal to Develop Blockchain Tech

Cambodia’s Central Bank Signs Deal to Develop Blockchain Tech

The National Bank of Cambodia has reportedly inked an agreement with distributed ledger tech startup Soramitsu that will find the central bank contributing to its development projects. Announced today, the goal of the effort is to begin joint work on new payment...
Japan’s Government Develops Method for Assessing Blockchains

Japan’s Government Develops Method for Assessing Blockchains

In light of the hype and lack of clarity surrounding blockchain, one of Japan’s government ministries has developed a methodology for evaluating projects in the industry. The Ministry of Economy, Trade and Industry (METI) published details about the methodology,...
IBM Ramps Up China Blockchain Work With Supply Chain Trial

IBM Ramps Up China Blockchain Work With Supply Chain Trial

IBM advanced its status as a blockchain leader Tuesday with the launch of a supply chain platform designed to streamline flows among buyers, sellers and financiers in the pharmaceuticals space. The Yijan Blockchain Technology Application System – built in a...
10 Insurance Firms Test Blockchain for Insurance in China

10 Insurance Firms Test Blockchain for Insurance in China

A group of insurance companies has completed a new blockchain trial in China. In a Sina Finance report, the news agency revealed that the Shanghai Insurance Exchange had initiated a blockchain trial centered on insurance businesses in the country. For the project,...
Alibaba Turns to Blockchain in Fight Against Food Fraud

Alibaba Turns to Blockchain in Fight Against Food Fraud

China-based e-commerce giant Alibaba has teamed up with PwC to develop a system to reduce food fraud using blockchain tech. The Alibaba Australia project, which also includes AusPost and nutritional supplement maker Blackmores as partners, is aimed to improve the way...
China, Blockchain & The Holy Grail of Marketplace Lending

China, Blockchain & The Holy Grail of Marketplace Lending

Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and a member of CoinDesk’s product team. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively...
Chinese Bank Union to Tackle Receipt Forgery With Blockchain

Chinese Bank Union to Tackle Receipt Forgery With Blockchain

Eight Chinese banks have teamed up with blockchain research startup Shenzhen Blockchain Financial Services to bring efficiencies and fight forgery in the country’s receipts financing industry. Despite the expansion of China’s receipts market, the announcement...
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