Japan: Tech Giants Hitachi, KDDI Trial Blockchain Biometrics Verification System for Retail

Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI are trialing a retail coupon settlement system that combines blockchain with biometrics, Cointelegraph Japan reports today, July 26.

This week, staff from the two firms are participating in an experimental demonstration at a KDDI store in Tokyo’s Shinjuku district, as well as a local donut shop.

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China: Blockchain Group From Three Telecoms Giants Begins Exploring Use Cases

China’s three major telecoms operators launched a blockchain research group, which has held its first meeting, local media outlet Fintech News reports July 23.

The product of China Mobile, China Unicom and China Telecom, the group involves a total of twenty experts from eight companies including Huawei, Union Mobile, and Financial Technology (UMF).

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Insurance Giants See ‘Big Opportunity’ in Cryptocurrency Storage Coverage


Big insurance companies such as XL Group, AIG and Chubb are quietly offering cryptocurrency insurance as cryptocurrencies and blockchain technology continue to gain acceptance.

While the insurance companies active in this sector are not doing a lot to publicize their activities, those interviewed said they can avoid liabilities.

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