Category: Business

While blockchain technology has seen a massive uptick in interest since 2015, rarely have we taken a step back to assess its true power and potential impact on our society — people, infrastructure, design, commerce and more. So how immersed could this technology become within our lives? Given the current trajectory, it is clear that from smart homes to blockchain-enabled...

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Hyperledger, an open source collaborative project led by the Linux Foundation, released its first production-ready blockchain codebase that can be utilized by large-scale commercial companies. On March 22, BTCManager reported that IBM was targeting large conglomerates with the Hyperledger Fabric. At the time, Jerry Cuomo, IBM's Vice President of Blockchain Technologies, revealed that the company received requests from many large-scale...

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On July 5, Alphabay, one of the biggest marketplaces on the dark web, went offline mysteriously with no explanation from its developers or administrators. The website has yet to resume service, and it is believed to have been shut down by law enforcement. AlphaBay started its operations in December 2014, filling the void left by the absence of Silk Road....

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Alternative investment firm North Capital announced that it has launched a new Ethereum investment fund called Proof Ethereum LCC that aims to capitalize on the growth of the Ethereum blockchain and the increase in the value of ether. Proof Ethereum will "engage in mining of ether, in buying and selling mining contracts and royalty agreements, and will provide 'proof of...

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Blockchain technology is progressively becoming the Holy Grail for disruption throughout many industries. From new financial applications up to new ways of managing and distributing charity funds, the technology underpinning Bitcoin is making its way into everyday life. Currently, there are a lot of projects in development; some are more concerned with the financial application and the creation the so...

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Leading Australian banks ANZ and Westpac have concluded a successful trial where blockchain technology was used to digitize the issuance of bank guarantees in the commercial property leasing sector. The duo teamed up with IBM as well as shopping centre operator Scentre Group in order to test the technology. The involved parties have also published a detailed white paper explaining...

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As reported by derStandard.at on July 10, you can now buy gift cards for bitcoins, ether, dash and litecoin in thousands of Austrian post offices. Have the country's post offices suddenly become bitcoin sellers? The postal companies in Austria and Germany have something in common; both were formerly state companies and became private ventures in the 1990s. In the context...

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To the glee of many crypto enthusiasts in attendance, Abigail Johnson, chief executive at Fidelity a company which manages $1.9 trillion in mutual fund assets admitted at the May Consensus Blockchain conference in New York that she’s “a huge fan of Bitcoin.” As a part of a broader presentation, Johnson went on to tell the audience that she, “loves this...

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TUI Group, a German multinational travel agency, and the largest leisure, travel and tourism company in the world, is adopting blockchain technology into its booking, reservation, and payment systems. In the past, TUI lost ground to competitors by not adapting quickly enough to the internet. Because of this, lucrative business was forfeited to companies like Expedia, Trivago, and Booking.com. In...

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MGT Capital Investments LLC, a technology company led by outspoken cybersecurity pioneer John McAfee, announced on June 23 that it had purchased Ethereum mining equipment to launch a new cryptocurrency mining operation that focuses on ether and ethereum classic. MGT Investments has made an agreement with Bit5ive LLC to buy up to 60 graphics processor-based mining computers, which will use...

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