PYMNTS

AUGUST 24, 2020

Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.

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PYMNTS

AUGUST 21, 2018

Might it be blockchain’s turn to shine amid pockets of economic turmoil? It’s no secret that blockchain is becoming ever more divorced from bitcoin, with which it has been traditionally associated. Blockchain allows us to program monetary policy into decentralized, trustless networks with public, secure record-keeping functionality.”.

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PYMNTS

AUGUST 5, 2019

International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug. The new blockchain network is called Trust Your Supplier.

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PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM announced a collaboration with Raw Seafoods to develop a blockchain solution to address supply chain fraud in the seafood industry, including cases of incomplete documentation and mislabeling.

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PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”. Libra, which recently announced $7.8

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PYMNTS

AUGUST 13, 2018

WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employee expense reimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug.

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PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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PYMNTS

MARCH 14, 2019

Unfortunately, the report found, recent tax reform in the U.S. tax reform to provide a significant benefit, nearly half said in 2019 that there has been no significant impact on their companies at all. Only 15 percent said tax reform boosted their total income, while 12 percent said financial performance has improved.

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Fraud Survey Taxes Regulation 115

PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. dollar-backed digital currencies for the payment of government taxes, fees and services. Despite the SEC knowing for 18 months that if the TON Blockchain did not launch by Oct. In other news, Bermuda will now accept one-to-one U.S.

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PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

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PYMNTS

SEPTEMBER 15, 2017

Hodlers have hodled through a hard fork in the blockchain, which spawned Bitcoin Cash on Aug. A hard fork is when the blockchain splits into two separate chains due to a radical change in protocol — often introduced to address a cybersecurity vulnerability. This week, U.K.’s Like the FCA said: highly speculative.

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PYMNTS

AUGUST 28, 2019

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. If a voluntary fund cannot be established, a transactional tax should be imposed to fund the initiative.”.

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PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. Blockchain-Based Security Methods. Another method used to secure digital identities is blockchain, which has seen success in a number of applications, despite being relatively nascent. More than 4.5

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PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Interestingly, JPMorgan CEO Jamie Dimon has historically been one of the loudest critics of cryptocurrency, slamming the technology as “ a fraud.”

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PYMNTS

DECEMBER 28, 2018

Innovators introduced new ways for banks to onboard their customers and manage their KYC compliance requirements, including firms like R3, which began piloting its blockchain-powered KYC solution with corporate treasurers and banks this year.

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PYMNTS

FEBRUARY 3, 2020

As Vasir explained, this enables employees to not only take control of various HR functions, including benefits management, taxes and retirement fund contributions, but at the broader level, reconnects those employees to having control over their own data.

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PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Blockchain. Blockchain. Take the blockchain. An alien landing on Earth and reading the popular tech press would be thoroughly convinced that blockchain is the biggest thing to have happened here since the invention of indoor plumbing. Benjamin Franklin.

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PYMNTS

JANUARY 16, 2019

The new Digital Identity Tracker looks at how recent investments in a wide range of identity solutions could be put to use, by providing services to refugees, helping government agencies collect taxes and authenticating gig workers on digital hiring platforms. Private organizations are also looking to blockchain for decentralized solutions.

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South State Correspondent

FEBRUARY 14, 2022

Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.) As we discussed in our primer on defi and blockchain ( HERE ), part of the allure of cryptocurrency is that it transfers the payment’s message (information about the transaction) and value simultaneously.

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PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. Cryptocurrency and Blockchain. Blockchain could also potentially help, because the public distribution ledger that records transactions can be independently verified.

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Payments Source

OCTOBER 11, 2018

bank lobby pushes fraud recovery tax; Mastercard gets another blockchain patent. The information you need to start your day, from PaymentsSource and around the Web. Today: Google Pay finds a way to reach banks in Germany; Western Union goes after larger payments; U.K.

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PYMNTS

MARCH 30, 2018

tax deadline approaches, CNBC reported. The funding will be used for developing the startup’s coin and blockchain. Customers, in all, said they lost more than $11 million in 2017 due to tech support fraud. The price of bitcoin was $6,826.68 as of 11:13 p.m., according to CoinDesk. And the person behind the startup?

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PYMNTS

JULY 9, 2018

As reported in March, a withholding tax of about 15 percent would apply to gains stemming from sales of digital tokens and cryptocurrencies. should have a “public-facing chief blockchain officer.” The idea comes as roughly 40 percent of the more than two dozen startups in the country are tied to blockchain.

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PYMNTS

JUNE 9, 2017

Though that’s critical for a number of reasons – cash management and predictability, accounting and reconciliation, and reducing data-entry errors – combatting fraud may stand to gain the most from more sophisticated accounting data management practices. Then there’s payment fraud, which Dahl said often occurs in the form of check fraud. “I

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PYMNTS

JANUARY 31, 2018

From fraud to fitness tracking, from cross-border to cryptocurrencies and from chargebacks to KYC, here’s how seven startups aim to change the game in 2018 (and how some of them already are). Coelho explained that, while there’s no silver bullet in fraud prevention, a few factors make email a powerful tool the world over.

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PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. But on the back end, said Eynat Guez, Papaya Global co-founder and CEO, complexities abound. Technological Innovation.

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PYMNTS

APRIL 1, 2019

Many marketplaces act as go-betweens for firms looking to hire remote or freelance workers by offering time-tracking options to ensure correct payments, payment transfers in various currencies, communication and collaboration options, tax estimates or compliance help, healthcare options and other work-related issues.

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PYMNTS

JANUARY 27, 2017

Those tangible items can also be gateways to fraud. But the advent of technologies such as blockchain may help streamline things. The lure of blockchain, said Madhu, is that disparate types of information can be tracked and can be stored in an immutable way. Perhaps you keep a passport in a side pocket.

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PYMNTS

OCTOBER 20, 2019

Bawumia said that Ghana has already surpassed Kenya in mobile payments, and the country is also working on digitalizing its land registry using blockchain technology. It will form the basis of an integrated database with passports, tax identification numbers, and drivers’ licenses,” he said.

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PYMNTS

SEPTEMBER 10, 2019

Use cases for the digital ID wallet could include accessing age-restricted places like bars, signing into services like online tax filing or verifying identities at polling stations. Blockchain-based systems are particularly popular. A similar offering from London-based digital ID startup Yoti, which recently secured £8 million ($9.9

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Vitalik Buterin

NOVEMBER 22, 2019

Blockchain Scalability. Problem: create a blockchain design that maintains Bitcoin-like security guarantees, but where the maximum size of the most powerful node that needs to exist for the network to keep functioning is substantially sublinear in the number of transactions. Cryptographic problems. Timestamping. And we've done it !

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Tomorrow's Transactions

JANUARY 20, 2016

The British Government’s Chief scientific adviser, Sir Mark Walport , has published his Government Office for Science report on “ Distributed Ledger Technology: beyond blockchain ”. From Report Urges UK Government to Test Blockchain Tech – CoinDesk ]. Sir Mark says that permissioned ledgers (i.e.,

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PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded.

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Vitalik Buterin

APRIL 20, 2018

Second, blockchains may well be used as a technical backbone for some of the solutions described in the book, and Ethereum-style smart contracts are ideal for the kinds of complex systems of property rights that the book explores. Harberger taxes. Contra doctrinaire libertarians, freedom is a high-dimensional design space.

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PYMNTS

MARCH 12, 2018

The goals by and large may be noble ones, as real companies come to market and bypass traditional conduits – saving time, perhaps, as they want to bring new services and ideas tied to blockchain to fruition. Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. And yet: How and why to regulate?

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Bussman Advisory

FEBRUARY 21, 2018

Startups, primarily in the blockchain world, raised $4.6bn in various forms of token launches in 2017, a quantum leap from the $0.2 There is disparity between jurisdictions and most countries have yet to address cryptocurrency tax questions in a meaningful way. billion raised the year before. Image Source.

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NCR

DECEMBER 19, 2016

The rollout came with a fraud liability shift that transferred liability for fraud onto the party – either the issuing FI or the merchant – that has not adopted EMV technology. Will 2017 be the year of blockchain? Keep a close eye on developments in 2017 – it could well be a decisive year for blockchain.

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