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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Category: Tech

RSK Bitcoin-Based Smart Contract Platform Now Secured by 1 in 10 Miners

Category: Bitcoin, Blockchain, Ethereum, News, Tech

RSK Bitcoin-Based Smart Contract Platform Now Secured by 1 in 10 Miners

RSK Labs cofounder Gabriel Kurman announced that one of ten miners now secured a smart contract solution built by the company on the Bitcoin blockchain. RSK, formerly known as Rootstock, will bring smart contracts, a key feature of the ethereum blockchain, to the world’s largest and most popular cryptocurrency, bitcoin. The news came at Consensus 2018, the fourth annual blockchain…

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Russia’s Largest Bank Conducts $12 Billion Transaction Using Smart Contracts

Category: Blockchain, Business, Finance, News, Tech

Russia’s Largest Bank Conducts $12 Billion Transaction Using Smart Contracts

Shunning blockchain and smart-contracts for years, financial institutions are finally waking up to the potential that decentralized technologies hold, with a flurry of government and corporate companies making moves into the sector. Mammoth Transaction, Minimal Traction According to an official release on May 16, 2018, Russia’s largest bank, Sberbank, recently utilized a Hyperledger Fabric-based smart-contract system to issued rouble-backed bonds…

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Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

Category: Blockchain, Business, Finance, News, Tech

Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

India’s second-biggest software service exporter, Infosys Limited, has developed a custom blockchain-powered trade finance network in a bid to overcome fraud in the Indian banking industry. To start, seven private lenders will test the trade finance network to increase security and transparency in the finance sector. Blockchain to Combat Banking Frauds The seven Indian private lenders that have enlisted to…

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HTC Catches Bitcoin Fever, Set to Launch Blockchain-powered Smartphones

Category: Blockchain, Business, News, Tech

HTC Catches Bitcoin Fever, Set to Launch Blockchain-powered Smartphones

Mobile phone giant HTC is not ready to be left out of the blockchain and cryptocurrency movement. The 21-year old mobile phone company headquartered in Taiwan is developing its own Android Smartphone that will be powered by blockchain technology. Exodus not Finney According to The Next Web (TNW), the premium smartphone called ‘Exodus’ will come with a universal cryptocurrency wallet…

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Nokia Forays into Crypto: Partners with Blockchain-based Data-sharing Startup Streamr

Category: Business, Ethereum, News, Tech

Nokia Forays into Crypto: Partners with Blockchain-based Data-sharing Startup Streamr

We’ve all heard of Nokia and its reliable mobile handsets in the past, but in 2018, Nokia’s developments are not all about cell phones. The Finnish telecom firm along with OSIsoft is joining hands with blockchain-based data sharing marketplace Streamr. The consortium will develop a new software that will allow the monetization of user data from multiple streams to make…

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MEWKit: New Malware Drains Ethereum Wallets Automatically

Category: Ethereum, News, Tech

MEWKit: New Malware Drains Ethereum Wallets Automatically

According to security research firm, RiskIQ, a criminal group has devised a phishing attack that uses Automated Transfer System (ATS) to empty MyEtherWallet (MEW) Ethereum wallets without detection. MEWKit Phishing Attack MEWKit is the name of the new phishing campaign that imitates the front end of the MyEtherWallet (an open source project), with the aim of stealing funds that belong…

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Can Blockchain Technology Help Us Solve the Water Management Crisis?

Category: Blockchain, News, Tech

Can Blockchain Technology Help Us Solve the Water Management Crisis?

Blockchain technology could be the ultimate solution to a problem that poses a significant threat to human existence. Water scarcity is becoming a significant considerable challenge despite the fact that the resource covers a considerable chunk of the earth surface. Water Scarcity: A Ticking Bomb While water covers 70 percent of the earth surface, only three percent of it is…

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Australian Government Allocates AU$700,000 to Develop Blockchain-powered Welfare Payments

Category: Blockchain, News, Tech

Australian Government Allocates AU$700,000 to Develop Blockchain-powered Welfare Payments

The Digital Transformation Agency (DTA), an Australian government division that facilitates government information and services online, will explore new ways in which blockchain technology can deliver government services, given the AU$700,000 ($525,710) allocated in the 2018-19 budget. To start with, DTA will spearhead its study with an aim to bring into play blockchain technology for distribution welfare payments. The government…

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Upcoming Social-Sharing Cryptocurrency Platform To Utilize Blockchain-Based ID Verification System

Category: Blockchain, Business, News, Tech

Upcoming Social-Sharing Cryptocurrency Platform To Utilize Blockchain-Based ID Verification System

Concerns over data privacy have risen over the past few years, with Facebook’s recent data breach scandal only confirming the grave expanse of the problem. As proved, social networks have become an indispensable part of the average person’s routine, regardless of the vast amounts of data the companies collect. An upcoming company is aiming to solve this issue using the…

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Swiss Authorities Consider Launching State-Backed Cryptocurrency

Category: Altcoins, Finance, News, Tech

Swiss Authorities Consider Launching State-Backed Cryptocurrency

Around the world, the idea of a state-backed cryptocurrency is  gaining momentum amongst authorities, who are seemingly open to embracing cryptocurrencies, given strict rules and regulations. “E-Franc” According to Reuters, the Swiss Federal Council has solicited a report that states the perils and scope of developing a native cryptocurrency. They have reportedly decided to term it as “e-franc,” an amalgamation…

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