#Blockchain

IBM Launches Carbon Credit Management Using Hyperledger Fabric Blockchain

March 23, 2017 by Alex Lielacher at Blockchain, Business, News

On March 20, IBM announced that it had launched the world’s first blockchain-based carbon asset management platform built on top of the Hyperledger Fabric distributed ledger in cooperation with Energy-Blockchain Labs. The new platform will be used by the Chinese carbon asset market and will enable companies to create...

Bitcoin Hard Fork: What is the Chance of Survival for the Weak Chain?

March 23, 2017 by Christoph Bergmann at Bitcoin, Blockchain, News, Tech

One chain or two chains? The Bitcoin community fears that the Bitcoin blockchain will split into two persisting chains when Bitcoin Unlimited miners initiate a hard fork, even if it is done with a majority of the hash rate. But is this true? How can the majority chain attack -...

Australian Regulator’s Sixfold Path to Blockchain Regulation

March 22, 2017 by Alex Lielacher at Blockchain, News, Regulation

The Australian Securities and Investment Commission (ASIC) has published an information sheet outlining regulatory considerations for startups and existing licensees who intend to make use of distributed ledger technology to develop new solutions for their businesses. ASIC’s regulatory framework requires financial services companies to have appropriate technological resources and risk...

IBM Targets Large-Scale Companies With Hyperledger’s Fabric Blockchain

March 22, 2017 by Joseph Young at Blockchain, Business, News

IBM plans to target large-scale commercial enterprises with its new product called “Blockchain-as-a-Service” by allowing customers to utilize its public blockchain-based cloud service to construct private blockchain networks. Jerry Cuomo, IBM's VP of blockchain technology, announced that the IBM Blockchain-as-a-Service includes a broad range of blockchain-based cloud services that can...

Stormy Weather: How the Hard Fork Crisis Evolved Over a Weekend

March 21, 2017 by Christoph Bergmann at Bitcoin, Blockchain, News

Since March 17, the possibility of a Bitcoin Unlimited hard fork has not ceased to dominate the discussion in the Bitcoin community. From the statement of the exchanges to list Unlimited as another asset to BitClub mining a block signaling support for the alternative client - we provide the details...

Welcome to the World of Blockchain Consensus Protocols

March 21, 2017 by Alex Lielacher at Blockchain, News, Tech

For cryptocurrency transactions to be conducted successfully, they need to be confirmed by the blockchain. These confirmations are based on what are referred to as consensus mechanisms. According to KPMG: “In distributed ledgers, a consensus mechanism is the way in which a majority, (or, in some mechanisms, all) of network...

The Human Value of the Sharing Economy

March 20, 2017 by Evan Sixtin at Blockchain, Commentary, News, Tech

Some people might ask what the endgame for bitcoin/cryptocurrency adoption is, and why is it better than fiat aside from its ease-of-use in a digital environment and it's resistance to government control. In a world where digital currencies are adopted by the mainstream, how can cryptocurrency and distributed ledger technology...

Coinbase: Users to Pay Fees for On-chain Transactions, Internal Off-chain Transactions Still Free

March 17, 2017 by Christoph Bergmann at Bitcoin, Blockchain, Business, News

The Bitcoin ecosystem evolves. Coinbase, with six million users the largest exchange platform in the US, reacts to the emerging fee market and does no longer pay the transaction fee for its customers. Off-chain transactions, from Coinbase account to Coinbase account, however, are still free. Besides some minor updates in...

Malaysian Video Game Developer Xhai Studios to Adopt NEM Blockchain

March 16, 2017 by Alex Lielacher at Altcoins, Blockchain, Entertainment, News

Malaysia-based video game producer and publisher Xhai Studios announced on March 13 the incorporation of the distributed ledger technology of the startup NEM into its new video games services platform that is under development. Xhai Studios will implement the NEM blockchain into its platform to allow video game developers to...

Irish Funds Collaborates with Deloitte To Complete Proof of Concept for ‘RegTech’ Blockchain

March 15, 2017 by Alex Lielacher at Blockchain, News, Regulation, Tech

Fund management association Irish Funds announced that, together with financial services consultancy firm Deloitte and several global asset servicing institutions including Deutsche Bank, Metzler, State Street, and Northern Trust, it had completed a proof of concept for a regulatory reporting blockchain called ‘RegChain.’ The proof of concept was built using...

The Blockchain Revolution: Is the Future Permissioned or Permissionless?

March 15, 2017 by Christine Chiang at Blockchain, Commentary, News

The blockchain gold rush is among us, and those at the fore are infected with the “fever,” racing to secure prominent roles in the revolution ahead. Among the droves seeking to ensure future profitability in staking claims to the open-source technology, our favorite major banks, and payment networks have been...

‘ChinaCoin’ Tested with Experiment by Chinese Banks

March 15, 2017 by Nigel Dollentas at Blockchain, News, Regulation

After news of the People’s Bank of China (PBoC) developing their digital currency broke, and after news of tighter regulation around bitcoin, two cities are now testing the PBoC’s Bitcoin alternative, announced March 7. Known as 'ChinaCoin' colloquially, but referred to as Renminbi officially, RMB was designed to allow the...

Smaller Blockchain Consortia are Paving the Way for Adoption in Financial Services

March 15, 2017 by Alex Lielacher at Blockchain, Business

There is a lot of buzz surrounding blockchain implementation in the financial services industry due to the technology’s ability to reduce operational inefficiencies, streamline processes and safely store and transfer data. Several blockchain consortia have been formed in the last year to speed up the adoption of this new technology...

Alternative Implementation Bcoin Mines its First Block

March 14, 2017 by Christine Chiang at Bitcoin, Blockchain, News

BTC.com successfully completed midwife duties for the very first Bcoin block that made it onto Bitcoin’s mainnet. Block #457010 timestamped 04:30:51 on March 13 was found; some blocks were orphaned in the making. On February 10, Bcoin, Purse.io’s Bitcoin full node reimplementation of the Bitcoin consensus protocol, was publicly released...

Hyperledger’s Production-Ready Blockchain Code to Come Within March

March 14, 2017 by Joseph Young at Blockchain, Business, News, Tech

The Linux Foundation-led Hyperledger Project, a blockchain group which includes 120 major corporations and financial institutions including IBM, Intel, JP Morgan, Deutsche Bank and Accenture, will release its first production-ready blockchain codebase by the end of March. The codebase, called Hyperledger Fabric, will be utilized as the base protocol and...

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