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Tag: blockcahin technology

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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Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

Category: Blockchain, Business, Crime, Mining, Tech

Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

Blockchain technology company Bitfury is serious about stamping out bitcoin scams and now has the muscle to fight it. Bitfury has hired Michael DuBose, the former head of the Computer Crime unit at the U.S. Department of Justice, to roll out its bitcoin blockchain tracking product, Crystal. DuBose said in a statement:  “Crystal makes it much easier to identify and…

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Inter-Vehicle Crypto Transactions Imagined by Ford Patent

Category: Altcoins, Blockchain, Business, News, Tech

Inter-Vehicle Crypto Transactions Imagined by Ford Patent

Ford Motor Company has been awarded a new patent that reimagines intelligent cars and a future motoring experience involving AI and utility tokens. Ford’s license considers that vehicles will not only actively communicate with each other but also use a token currency as a transactional aid to buy passage and preferences. Back to the Future The result of this innovation…

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Cryptocurrency Mining Is Legal in the EU Despite its High Energy Consumption

Category: Altcoins, Blockchain, Commentary, Ethereum, Mining, News, Regulation

Cryptocurrency Mining Is Legal in the EU Despite its High Energy Consumption

Despite the extensive energy demands of cryptocurrency mining, the European Union (EU) cannot ban, limit, or forbid the activity. If cryptocurrency mining occurred within the region’s territory, it will, however, be subject to the EU’s laws and policies. Commission Weighs in on Crypto On March 9, 2018, Mariya Gabriel, a Bulgarian politician released a statement on behalf of the European…

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Credit Card Fraudsters Steal Apple Co-Founder’s Seven Bitcoins

Category: Bitcoin, Blockchain, Finance, News

Credit Card Fraudsters Steal Apple Co-Founder’s Seven Bitcoins

Apple co-founder Steve Wozniak, speaking at the Global Business Summit 2018 in New Delhi, revealed that he was defrauded by credit card fraudsters costing him seven bitcoins. Recently, the technology entrepreneur mentioned that he had sold all his bitcoins when the cryptocurrency reached the $20,000 milestone in December. The Rip-Off Story As for the stolen bitcoin, Wozniak did not make…

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Skeptical Approach Being Taken By Veterans Affairs to Blockchain

Category: Blockchain, Commentary, News, Tech

Skeptical Approach Being Taken By Veterans Affairs to Blockchain

While there has been a lot of buzz surrounding blockchain technology in recent times when it comes to the mainstream media and the general public, it is something that has been around for some years. Strengthening Security Standards The government has already implemented different aspects of the technology in a variety of departments. For example, the Office for the National…

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IOTA: A Misunderstood Cryptocurrency?

Category: Altcoins, Bitcoin, Blockchain, Commentary, Ethereum, News, Tech

IOTA: A Misunderstood Cryptocurrency?

IOTA is one of the fastest growing cryptocurrencies with an enthusiastic community of fans. However, it is also one of the most severely criticized cryptocoins. Here we investigate what makes IOTA so controversial – and what value can be found in its approach to scale cryptocurrency. Disputes and Criticism: IOTA Defending Itself For a crypto writer, IOTA is currently one…

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Digital Identity, Africa, and Blockchain Trends 2018

Category: Blockchain, Business, Commentary, News, Tech

Digital Identity, Africa, and Blockchain Trends 2018

The British Broadcasting Corporation (BBC) has said that WISeKeY is among the five African trends expected to achieve great feats in the tech ecosystem this year. The company’s Digital Identity Blockchain is currently doing excellent work with the United Nations in the actualization of the 2030 goal to provide everyone in the world with a legal digital identity. Closing Registry…

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Chinese Internet Giant Baidu Launches Blockchain-as-a-Service Platform

Category: Blockchain, Business, Commentary, News, Tech

Chinese Internet Giant Baidu Launches Blockchain-as-a-Service Platform

Chinese internet behemoth Baidu has recently launched its blockchain-as-a-service (BaaS) product, calling it the “most easy to understand” blockchain service in the business. History of Innovation: China and Blockchain As per Baidu, this platform was based on the organization’s internal developments, and it can make and follow exchanges identified with cryptocurrency standards, digital bills, bank credit administration, insurance administration, and…

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Blockai Introduces Twitter-based Blockchain Copyright Solution

Category: News

Blockai Introduces Twitter-based Blockchain Copyright Solution

Blockai, a blockchain-based copyright platform designed for artists and digital content creators, has added a new social media feature that allows creators to claim their rights instantaneously through Twitter. The platform, which is built on a decentralized network of servers, is designed for creators to claim copyright of their creation into an unalterable and irrefutable ledger. Essentially, each claim to…

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