The internet has become an indispensable tool in the modern world where technology and technological innovations rule the century. It is a key tool development in all spheres of life, modern-day globalization, is also reliant on the internet to connect several parts of the world together. The internet has...
Venezuela's Information Minister Jorge Rodríguez said at a press conference on state television at the end of the year that it was a question of a few days before the Venezuelan government would be spending its own cryptocurrency for the first time. The program is called "petro": The value of...
Blockchain technology has the power to restructure society for the better. Hence, without paying heed to the current value of tokens underlying them, it is imperative to go over some important blockchain innovations everyone needs in 2018. Securing Identity: Today, the possibility of faking information and identity theft is emphasizing the...
Bitcoin pushed beyond $8,000 this week, a boon to those willing to pour money into a risky and speculative piece of code that's hoarded more than spent. But the crypto craze is leaving behind the very technology companies that were meant to benefit without having to touch the stuff. Despite...
Japanese IT firm Fujitsu has revealed a new payments technology that connects different blockchains to enable exchanges and payments with various cryptocurrencies. In an announcement yesterday, Japan’s largest IT firm revealed details of ‘ConnectionChain’, described as a security technology to securely connect multiple blockchains to make them interoperable to the extent of...
Blockchain technology is starting to be adopted by industries from banking to logistics, with JPMorgan Chase, IBM and UPS all talking about how they're using it in recent weeks. Now it's the turn of the advertising sector, with agency network The Marketing Group launching "the first blockchain-enabled global media agency," called Truth, on Wednesday, according...
Canadian startup SecureKey has revealed it will soon launch a blockchain-based system providing identity verification across the country. Expected to go live in early 2018, the new digital identity platform utilizes IBM's blockchain technology, enabling consumers to prove their identity using cellphones and Windows devices to governments, banks and telecom providers, said...
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...
What is the blockchain exactly? A big ponzi scheme or an opportunity and a new technology that we can all use to transform society? Depends on who you're asking, but a good starting point is to disassociate crypto-currencies such as Bitcoin from blockchain, the underlying data structure and related protocols. One...
Hong Kong is looking into building a trade-financing system using blockchain technology, a senior official said. Blockchain, the decentralized encryption technology behind cryptocurrencies, could provide “great benefits” to trade finance in countries participating in China’s Belt and Road initiative, said James Henry Lau, Hong Kong’s Secretary for Financial Services and...