Blockchain

Blockchain networks can provide transactions between everyday objects

As reported Reuters, JPMorgan Chase & Co (the largest bank in the United States and seventh largest bank in the world) has recently tested blockchain technology between satellites orbiting the earth to provide payments. The concept proved that digital devices could use the technology behind virtual currencies for transactions. Umar Farooq, the CEO of JPMorgan’s …

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Development of new blockchain companies

Stephen Wozniak is an electronics engineer, programmer, philanthropist, and technology entrepreneur from the USA. In 1976, he co-founded Apple Inc. with his partner Steve Jobs, which later became the world’s largest IT company by revenue and the largest company in the world by market capitalization. Recently, on December 3rd Steve Wozniak’s blockchain venture “Efforce” has …

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Blockchain technologies for city services

As being reported by multiple sources, Polish city Olsztyn became the first City to use Ethereum blockchain for emergency services. The city is allegedly the first city in the world to leverage on Ethereum’s blockchain to assist in emergency services. Olsztyn completed a successful trial of SmartKey, which is a blockchain technology connecting blockchain distributed …

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Bitcoin culture – Portraits of a Mind

Bitcoin may be completely paperless, but one artist has meticulously dragged it into the physical world by hand-painting the cryptocurrency’s 12.3 million-digit founding code across 40 separate paintings. Working under the project name Robert Alice, artist Ben Gentilli spent three years working on the canvases, which he has collectively titled “Portraits of a Mind.” Using …

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Blockchain and decentralization – the future of social networks

Yesterday Business Insider Magazine published an article about the Blockchain. Future of social media platform Twitter will be shaped by Bitcoin and its underlying technology, according to chief executive Jack Dorsey, who was once again endorsing a decentralized social media standard at a virtual conference on September 25. “A lot of our value in the …

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Financial system and blockchain

According to CNBC, Goldman Sachs is renewing its push into Wall Street’s digital future. Last month the firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a starry-eyed …

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Decentralized blockchain applications in China

Blockchain-Based Service Network (BSN), a Chinese state-sanctioned blockchain infrastructure project, launched its English-language website for international decentralized applications developers on august 10th. Developers are now able to build apps and run nodes on either permissioned Blockchains or major public chains through the global version of the network. Available permissioned Blockchains include Hyperledger Fabric and FISCO-BCOS, …

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Blockchain in China

According to RBC, the Beijing authorities said that 140 government agencies in China have already implemented blockchain. According to local news channel BJD, the use of distributed ledger technology has reduced costs by 40% and is a breakthrough that could not have been achieved without it. “Blockchain is a breakthrough in data exchange that is …

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Blockchain technologies adapt to business processes

Blockchain technology is becoming more and more adapted to support various business processes.  Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems. Chinese ICT specialist firm, Huawei is steaming ahead with its adoption of blockchain technology with a recent application for a new blockchain patent that focuses on storage …

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