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Tag Archives: Contract

Playboy Sues Canadian Blockchain Firm for Fraud and Breach of Contract

Beverly Hills-based Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), claiming that it failed to integrate blockchain technology into Playboy’s online media channels, the Los Angeles Times reported August 14. Playboy Enterprises reportedly filed a lawsuit in Los Angeles County Superior Court, accusing the Canadian company of fraud and breaching a contract, which the two companies drew in ...

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Playboy Sues Cryptocurrency Company for Breach of Contract

Playboy Enterprises, the parent company of Playboy Magazine, is suing cryptocurrency company Global Blockchain Technologies (GBT) on allegations of fraud and breach of contract, according to a report from L.A. Times. The company had announced a partnership with GBT earlier in March, upon revealing that it was developing an online payment wallet with cryptocurrency support across its chain of businesses. ...

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Tezos Foundation to Issue Grants for Blockchain and Smart Contract Research

The Tezos Foundation has announced it will be issuing financial grants to research institutions for blockchain tech and smart contracts development, according to an official press release published August 9. The Tezos Foundation will provide grants to four research institutions: Cornell University, the University of Beira Interior, the University of Illinois at Urbana-Champaign, and France-IOI, the press release notes. Emin ...

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6 Smart Contract Use Cases Gaining Traction in 2018

Although smart contracts are of great interest to a lot of people, finding the real use cases for this technology is still very challenging. Hundreds of potential applications of smart contracts exist, and some industries are getting more attention than others. Below are some examples, in random order. #6: Multiparty Smart Contracts In the world of cryptocurrency, multisignature solutions have ...

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Another ICO Hacked, KICKICO Loses $8 Million After Smart Contract Breach

KICKICO, an initial coin offering (ICO) project launched on top of the Ethereum blockchain protocol, was hacked on July 27, losing more than 70 million KICK worth $7.7 million. Smart Contract Breach Dissimilar to most cryptocurrency, blockchain network, and token hacking attempts, the security breach of KICKICO was unique in that the hackers were able to gain direct access to ...

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World’s Number Four Telecoms Provider Files Blockchain Contract Storage Paten

The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19. NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature of the sender” as the ...

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Delaware Awards IBM $738,000 Contract to Develop Prototype Blockchain Filing System

Delaware, in its bid to provide a good legal and regulatory environment for blockchain technology, has awarded a $738,000, single bid contract to IBM to build a prototype for a blockchain based corporate filing system for the state, according to delawareonline.com. Delaware’s corporate franchise business contributes more than 25% of the state’s revenue. Blockchain advocates in Delaware claim the technology’s ...

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IBM Wins AUD $1 Billion Govt. Contract to Develop Blockchain, Tech Initiatives

Computing giant IBM has been awarded a landmark contract to develop blockchain and other digital technology initiatives for the government of Australia. Announced on Thursday, the five-year, AUD $1 billion (~USD $740 million) contract is Australia’s latest attempt to make good on its goal to become one of the world’s “top-three digital governments” by 2025 by investing in research into ...

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