#blockchain technology News

Sacramento Kings Becomes the First Sports Team to Mine Ethereum to Support Locals

U.S.: NBA’s Sacramento Kings Launch DLT-Based Auction Platform

January 16, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Sacramento Kings, a multiple award-winning American professional basketball club has joined forces with Joseph Lubin’s ConsenSys, an Ethereum-powered startup that claims to be solving real-world problems with blockchain technology, to launch a distributed ledger technology (DLT) based live bidding auction platform, according to a blog post on January 15, 2019....

Decentralized Data Storage: Empowering & Protecting Privacy Through Blockchain Technology

January 15, 2020 by Edoardo Vecchio at Blockchain

Centralized cloud storage services put users' data at risk due to their architecture which is based on storing information on a single server. Bitcoin has proven to allow the peer-to-peer, censorship-resistant transfer of value and now RIF, powered by RSK, aims to add the identity, storage, communication, gateways, micro-payments, and...

West Virginia’s Blockchain-Based Military Mobile Voting App Attracts Negative Attention

Singaporean Crypto Association Taps Blockchain for Transparent Voting

January 13, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS), has announced that it has successfully integrated and used distributed ledger technology (DLT) for voting during its recently held annual general meeting (AGM), making it one of the first platforms in the world to implement blockchain-powered voting in a live environment,...

Italy to Tap Blockchain Technology to Tackle African Blood Orange Problem

December 24, 2019 by Aisshwarya Tiwari at Blockchain

According to a report by Food Navigator published on December 20, 2019, Italy-based consortium – the ROUGE Project – has decided to tap blockchain technology to tackle Sicilian blood orange food fraud. Blockchain Technology to Tackle the Blood Orange Mess In a bid to boost transparency in the food supply...

Russia: Diamond Firm to Use Blockchain Solution to Sell Diamonds In China

December 19, 2019 by Aisshwarya Tiwari at Blockchain

Russia-based diamond producer, ALROSA on December 17, 2019, announced that it will launch a distributed ledger technology-powered (DLT) solution on one of China’s leading social media platforms WeChat to enable Chinese retailers to ensure the legitimacy and safety of the diamonds. Blockchain to Track the Legitimacy of Diamonds Blockchain technology,...

EY Upgrades Its ZKP Technology to Boost Ethereum’s Scalability & Reduce Costs

December 19, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Ernst & Young (EY), one of the largest professional services firms in the world has announced the release of its third generation zero-knowledge proof (ZKP) technology to the public domain of the Ethereum blockchain. The firm aims to significantly reduce transaction costs on the network while also boosting scalability, according...

Governance and Anti-Fragility are Key to Robust Decentralized Systems, and Synthetix Intends to Stand Out

December 19, 2019 by Ashwath Balakrishnan at Altcoins

A prolonged debate in the space is that of whether decentralization is a spectrum or an absolute state. That is, can a system have different degrees of decentralization or is it simply just a binary function of ‘yes’ or ‘no’. Synthetix, one of the largest dApps on Ethereum, believes that...

Bitfury Labeled Wallet Bursting with Cash

Mining Giant Bitfury Expands Its Blockchain Services With Exonum Enterprise

December 6, 2019 by Edoardo Vecchio at News

Bitfury announced on December 5 the launch of Exonum Enterprise, a private blockchain that allows companies and institutions to launch blockchain projects by exploiting the security of the Bitcoin blockchain. Shifting to Enterprise Blockchain Developer After having previously launched its own open-source software that allowed anyone to run permissioned blockchain,...

Study: Blockchain Technology Could Leverage the XaaS Business Model

Germany: Association Uses IOTA DLT to Incentivize Plastic Recycling

December 5, 2019 by Ashwath Balakrishnan at Altcoins

Getting people to do good such as recycling and waste segregation requires some degree of economic incentives to be built into the system. Biota, a German waste management association, launched its newest product, Deposy, which acts as a system to collect plastic waste from consumers and link them to recyclers,...

This Island Nation of 35K People is Set to Launch Own Stablecoin

December 4, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The British Virgin Islands (BVI), a British overseas territory made up of four major islands and 50 smaller ones in the Caribbean, has announced plans to launch its national cryptocurrency. The national crypto will be in the form of a dollar-backed stablecoin and the project is aimed at reducing the...

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