Private Equity Moris Beracha Wuani

By Matthew Beedham   At its 2019 “ Cloud Summit ” industry conference in Hong Kong, Huawei unveiled a new blockchain-based cloud service. Huawei Cloud now offers blockchain oriented services designed to help Hong Kong-based businesses make use of the decentralized platform’s typical characteristics. These being, decentralization, immutability, and traceability (transparency). Huawei hopes this will aid the Chinese province’s mission to become an international financial and logistics hub. Specific details of the blockchain service have not been disclosed. But given the wording used to promote the new offering it will be a form of privatized, permissioned ledger designed for corporate clients. It shouldn’t be entirely surprising that Huawei‘s cloud division has got into the blockchain game. Late last year, Huawei featured as one of the founding telecom members in an “ industry specific group ” setup to explore the viability and potential of blockchain technologies for v...

  Matthew Beedham South Korea is preparing to come down hard on cyber-criminals with the launch of a new “task force” specifically aimed at fighting cryptocurrency fraud and fintech-related crimes. The launch comes in specific response to the 800-percent increase in cryptocurrency crimes the country has seen over the last few years, local news outlets reports . In 2016, there were just 53 reported cases of such crimes, but in 2017 this figure rose to 453, and it exploded to 4,591 cases in 2018. Professional investigators and prosecuting bodies from around the country came together earlier this week in Seocho-dong, Seoul to mark the launch of the task force. According to the report, the task force will be able to track accounts suspected of harboring illicit funds, although it has not stated how it plans to do this. Naturally, as it’s a matter of public security, it’s likely to be a closely guarded secret. The task force will also be empowered to share info...