Blockchain is a distributed ledger technology that underlies cryptocurrencies like Bitcoin but has a wide range of other applications beyond digital currencies. Here are the key characteristics and concepts related to blockchain technology:
Blockchain technology continues to evolve, with ongoing research and development aimed at addressing its limitations and expanding its use cases. It has the potential to disrupt various industries and change the way data and transactions are managed and verified. However, it’s essential to understand that not all blockchain projects are created equal, and careful evaluation is necessary when considering their suitability for specific applications.
Description Blockchain-based Social Network Minds Transfers Platform to Ethereum Network The blockchain-based social networking site Minds announced in a press release on August 12, 2018, that it is transferring its platform to the Ethereum network in its bid to offer a censorship-resistant and accessible social
Description Chinese Government Issues Blockchain Book for Officials China’s Communist Party has published a book titled “Blockchain – A Guide for Officials” in its bid to raise awareness of the new technology to officials and members of the party. The book was released by the
Description Hong Kong University Obtains $20 Million Grant for Payment Systems and Blockchain Research The Hong Kong University of Science and Technology (HKUST) Business School has secured a research grant worth $20 million to bolster the security of electronic payment systems and explore potential applications
Description Chinese Aerospace Firm Now Uses Blockchain For Electronic Invoice Management State-owned China Aerospace Science and Industry Corp. is adopting blockchain technology in its bid to improve its cumbersome electronic invoice system. The announcement was made by China’s State Administration of Science, Technology, and Industry
Description Playboy Accuses Canadian Blockchain Firm of Fraud and Breach of Contract Adult entertainment magazine publisher Playboy has filed a case against Canada-based blockchain startup Global Blockchain Technologies (GBT) in early August 2018 due to alleged fraud and breach of contract. The publisher filed the
Description Messaging Major LINE Introduces $10 Million Token Venture Fund Japan-based messaging major LINE Corp. has announced the launching of its token venture fund with a capital commitment of $10 million. The fund was launched through the publicly-traded firm’s subsidiary Unblock Ventures. According to its
Description Using the blockchain technology, the state of West Virginia will be the first in the U.S. to allow voting via smart phone app for citizens in the armed forces deployed overseas. After a pilot test earlier this year, Voatz, a blockchain startup would
Description The Bank of Montreal in Canada and the Ontario Teacher’s Pension Plan have tested a transaction on blockchain. The objective of this test is to assess the Distributed Ledger Technology’s viability in the securities market. In the trial, a one-year C$250 million, which
Description Because of the threat to lose their access to the EU market, many U.K. startups in the blockchain industry are already setting up their contingency plans. In 2016, a referendum was held in the U.K. on whether European countries would stay in EU economic
Description The Jamaica Stock Exchange (JSE) announced that cryptocurrencies will soon be offered as trading assets for their clients by the end of 2018. According to JSE, they have signed an agreement with Blockstation, a blockchain startup, to create new digital assets on the trade