Starting in September, the city of Zug will provide a digital identity to its citizens – the first community in the world to do so. The electronic identity will be based on an application which secures personal information with the help of the blockchain technology and linked to a crypto-address, Zug said in a statement.
The largest bank in Central Europe has cemented itself on the list of leading innovative financial institutions by beginning to test the blockchain platform "trudatum" by Coinfirm for adoption.
In a recent press release, Thomson Reuters, the behemoth news and information company, announced the formation of a new startup tech incubator designed to help facilitate up and coming technological innovation including Blockchain.
Companies of all sorts are scrambling to create standardized versions of blockchain software and, on Tuesday, one group of them reached a major milestone in the space by releasing its vision of blockchain to the public.
The software, known as Fabric 1.0, has been stitched together over the last year by an outfit called Hyperledger, which represents the efforts of IBM and other companies to deploy a blockchain tool that can do things like track food shipments or keep track of diamond sources.