Russia’s Federal Agency for Tourism head, Oleg Safonov, has claimed that Blockchain technology has the capability to transform the country’s tourism industry. He further stated that the sector is on the verge of transformation from new emerging technologies like Blockchain. In his speech at the Kazan Tourism Forum 2017 in early November,...
Land of the Rising Coin Bitcoin has been an officially legal payment method in Japan since April, when 4,500 stores began accepting the cryptocurrency, and leading financial newspaper, the Nikkei, tips that figure to increase five-fold by the end of the year. Japanese shoppers can spend bitcoin in a range of...
The French government opened the way on Friday for trading unlisted securities using blockchain digital ledgers with the adoption of new rules aimed at improving Paris' image as a center for financial innovation. The new rules mean that banks and fintech companies can set up blockchain platforms where unlisted securities...
Over the next two years, enterprises are expected to ramp up their efforts to test blockchain technology as part of a new method of establishing trust in a digital economy. New research from consultancy Deloitte LLP shows a "trust economy" is now developing around person-to-person (P2P) transactions enabled by blockchain...
The first two eras of the internet During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community. This meant that people or organizations could grow their internet presence knowing the rules of the game wouldn’t...
This is an exciting time for Blockchain and there is no shortage of hype. Over the past few months there has been a barrage of blockchain news and the BitCoin price has made it into the coverage of the traditional media. There’s also been interesting practical developments such as Axa...
Blockchain’s ascent in the tech world has caught most observers by surprise. Suddenly sprung on the world from the genius mind of a still-anonymous programmer, it can be described as a network consensus algorithm helping decentralized groups of users behave efficiently. Less than a decade after making its debut alongside...
Air New Zealand is partnering with Swiss company Winding Tree to explore the use of blockchain in its business. The airline is also investing in the company through a token sale, scheduled for January, according to a Reuters report. Such sales, or initial coin offerings, enable blockchain start-ups to raise funds without...
The Central Bank of Brazil is building with just about every blockchain it can get its hands on. In a new interview about its plans for the nascent technology, members of the central bank's blockchain team revealed they are resuming work with R3's Corda distributed ledger platform, months after ceasing development because...
The blockchain technology introduced many innovations and possibilities with regards security and anonymity.  Governments and businesses around the world are exploring ways to store data, such as land records, contract and assets, in blockchains – ledgers of digital transactions – amid rapidly growing investor interest. Countries like Brazil is hoping...