Category Archives: Blockchain

Cryptocurrencies are advertised as being decentralized but what does it really mean? Moreover, which type of blockchain is more “decentralized” so to speak? The term is used to refer to systems that are not managed by a central authority but rather controlled by the users (therefore the name). In the crypto market, Proof of stake (PoS) and Proof of Work (PoW) protocols are used to keep them decentralized. These protocols give authority to the users that participate by conducting processes on the network. So what influence do major participants hold on these networks? Bitcoin and Ethereum among many others host the PoW protocol that democratizes the decisions and other important events. However, a loophole exists as large individual mining pools may be able to make decisions in their own favor given that they contribute enough to the network’s hashrate. This can be seen even in major cryptocurrencies like Bitcoin, Ethereum…

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YouNow has filed an offering circular with the SEC – for a token that it intends to give away.

Malaysia has rolled out a work visa program targeting tech freelancers that addresses a demand for blockchain capable talents. Malaysia has launched a work visa program targeting tech freelancers that addresses a demand for blockchain capable talens, local news outlet the Star reported on June 18. The Malaysia Digital Economy Corporation (MDEC) — a government-owned organization that oversees the tech sector — blockchain organization Nem Foundation and job marketplace Jobbatical have jointly launched the program. The program aims to attract foreign professionals who will have the right to stay in the country for up to 12 months to provide blockchain-related services or undergo training at a Malaysian company. MDEC growth ecosystem development vice-president Norhizam Abdul Kadir said, “We will be kicking it [the program] off starting with blockchain jobs. The number of visas to be issued depends on the projects that will be run by blockchain companies in Malaysia.” As…

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The government of the Philippines is partnering with a blockchain firm to improve the country’s business and cybersecurity sectors. The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19. The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant and advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines. DICT Acting Secretary Eliseo Rio Jr. commented on how the MoA will benefit the Philippines, saying it will “directly benefit our continuous effort to address the country’s issues on ease of doing business and cybersecurity.” The MoA also purports to benefit Monsoon, by the DICT releasing education and awareness materials on blockchain tech and contributing to the firm’s “capacity-building activities.” According to its…

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Interoperability blockchain ArcBlock has released a new set of tools to help developers create decentralized applications (DApps).  The new set of tools is called DApps Workshop and will allow developers, businesses and product managers an easy way to build prototypes and POCs to validate different scenarios. ArcBlock’s DApps Workshop will allow anyone to build decentralized PoC within 5 minutes. In an example, ArcBlock showed how developers can integrate decentralized identity for account signup and login. According to a Press Release by ArcBlock, some of the activities DApps Workshop allows, Setting up Trade-related transactions Working on Prebuilt workflows and process/rules for all supported Tx types including multi-transaction scenarios Login using DID-based authentication including identity Types, DSA (Digital Signature Algorithm) algorithms and Hash functions ABT Wallet mobile authentication According to Tyr Chen, VP of Engineering at ArcBlock, “From day one, we’ve been focused on creating a platform that helps developers build, manage…

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Blockchain company Algorand has raised over $60 million in a token sale on financial services platform CoinList. Blockchain company Algorand has raised over $60 million in a token sale on financial services platform CoinList, technology-focused news outlet The Block reported on June 19. The Algorand Foundation — a firm that implements an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol — has reportedly raised $60 million in a sale of its native Argos token. The recent equity funding was on top of the $66 million the company raised over the past year from investors such as venture capital firms Union Square Ventures and Pillar Venture Capital. During the recent token sale, Algorand’s native asset Algos was worth $2.40 per token. As the foundation aims to grow the total number of Argos tokens to 10 billion in its first five years of operation, investors are…

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Bereaved families who place an obituary for a loved one in a newspaper will now be able to instantly trigger searches for a matching life insurance policy. MetLife subsidiary LumenLab is using blockchain technology to automate life insurance claims, according to a news release published on June 17. Known as “Lifechain,” the collaboration with Singapore Press Holdings and NTUC Income will enable bereaved families who place obituaries in a local newspaper to instantly trigger searches to see whether their loved one had a life insurance policy. This month, 1,000 Income policyholders will be randomly selected to take part in a pilot scheme. The technology works by submitting the deceased’s National Registration Identity Card to Lifechain as hashed data once consent from the family has been obtained. Families are notified within one business day when a matching policy is found, and a notification is automatically sent to the insurer so the claims process can commence.…

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Visa launches a blockchain-based centralized payment settlement service for international business transactions, challenging USC and Ripple. Visa has launched a payment system for business-to-business (B2B) transactions partially based on blockchain technology. The United States payment behemoth says its platform, called Visa B2B Connect, offers seamless cross-border payment processing for institutional clients without going through the complex web of third-party intermediaries. In doing so, Visa becomes the latest entrant into the blockchain-based payment processing arena. This move brings the company into direct competition with cryptocurrency startups like Ripple and mainstream players, such as Barclays and BNY Mellon with their Utility Settlement Coin (USC) project under the aegis of the Fnality Consortium. Visa B2B Connect — three years in the making Visa first announced plans to build a blockchain-based network for business payments back in 2016. At the time, the credit/debit card payment giant said the service would be developed in partnership with blockchain startup Chain. According…

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IBM Blockchain Platform receives an update With it, developers can move from development to test to production from a single console IBM has just launched a new upgraded version of the enterprise blockchain platform it created. The information was released by the company in a press release on Tuesday. The CTO of the company, Jerry […]

R3 and Digital Asset work together to improve their blockchain ecosystems The intention is to offer better products and services by collaborating one with another The R3 and Digital Asset (DA) blockchain ecosystems are now collaborating so as to maximize their networks. According to a recent announcement released by the firms, DA will be providing […]

Every time the Bitcoin price shows signs of moving up, it is a matter of time until enthusiasts find some sort of link to potentially worrisome Tether behavior. These correlations will always be present, as not everything that happens is an illegal course of action. The recent “printing spree” Tether has been on shows 250 million Ethereum-based USDT has been brought into circulation. The bigger question is whether or not one should be concerned about it. The 2 big USDT Transactions It has to be said, a Bitcoin price increase usually results in more USDT being brought into circulation. That is a big problem, according to a growing portion of the cryptocurrency industry. After all, many people still believe Tether is effectively manipulating the cryptocurrency market, which is also part of the reason why there appears to be an investigation taking place against this company. Even so, the business has…

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By CCN Markets: A lot has already been said about Facebook’s Libra cryptocurrency and its ambition to disrupt the finance world. But what about the blockchain technology that powers it?  Blockchain experts have poured over the technical documents and played with the Libra protocol testnet. Suffice to say, they’re not convinced about Libra’s claims. “A disaster in slow motion” Bitcoin developer Tamas Blummer offered the most damning assessment of the Libra protocol. He said Facebook is abusing its position to muscle into the blockchain world. “Trying to buy leadership in a cutting edge technology is very expensive and likely futile. The post ‘A Very Expensive Failure’: Blockchain Experts Slam Facebook’s Libra Cryptocurrency appeared first on CCN Markets

Eos developer Block.one has paid $30 million in cash to purchase the voice.com domain name for its new blockchain-based social media. Eos (EOS) developer Block.one has paid $30 million in cash to purchase a domain name for its new blockchain-based social media, called “Voice.” The development was revealed in a filing published by the United States Securities and Exchange Commission (SEC) on June 18. According to the SEC filing, submitted by enterprise analytics and mobility software provider MicroStrategy, Block.one’s domain name purchase of “voice.com” was enabled by web domain registrar GoDaddy and concluded on May 30, 2019. In an official statement, Marge Breya —  senior executive vice president and chief marketing officer at MicroStrategy — outlined what she believes to be the advantages of the purchase: “The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet.…

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The social network also identified compliance and AI in being highly useful skills in the coming years for the sector. Blockchain is one of the top ten most important employee skills in the Asia Pacific region, a new report from professional social network LinkedIn confirmed in June. A regular feature on the network, the 2019 APAC version of “The Future of Skills” lists blockchain among the most sought-after abilities workers will need in the coming years. Specifically, “setting up and managing a distributed and decentralised public ledger” will be a useful skill, while other areas making the top ten include compliance and artificial intelligence (AI). Both areas are closely tied to the blockchain sphere, with the disruptive technology producing a need to inform regulator attitudes. “Rising skills can be used to forecast where industries are going,” LinkenIn commented about the findings. The report added: “Examining what rising skills certain industries…

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Ethereum may begin transitioning to its next-generation, proof-of-stake blockchain model at the beginning of next year – pending more tests, that is.

One of the world’s largest securities depositories says it will push forward with building the pilot blockchain-based platform. Euroclear, one of the world’s largest securities depositories, says it will push forward with building a pilot blockchain-based platform for the issuance and settlement of European commercial paper (ECP). The news was reported by EuroClear on June 19. Euroclear settled €791 trillion ($885.48 trillion) in securities transactions and held an average of €28.8 trillion ($32.24 trillion) in client assets in 2018, according to results published this March. The financial services titan has today revealed that it successfully completed a proof-of-value study for an ECP-focused blockchain platform together with the European Investment Bank, Spain’s Santander and “Big Four” auditor EY. The blockchain platform will reportedly serve end-to-end for issuing and settling ECPs — unsecured short-term debt instruments issued by banks or corporations, which represent a $1.2 trillion market. The press release notes that…

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Overseen by the Industrial Value Chain Initiative, the blockchain project will connect 100 Japanese manufacturers to share information.

By CCN Markets: When we think of Facebook entering the crypto space with Libra, we need to consider it holistically. There’s a lot more going on here than some social networking giant splashing around in the crypto space. There’s something much more significant we should think about: the litigation that comes along with major companies. Libra liabilities: Intellectual Property and Courtrooms To date, we’ve largely ignored this reality, but the truth is that Facebook and others entering the space brings its own set of challenges. For starters, there will be lawsuits. Somehow, someway, these companies will find themselves in court The post Facebook’s Crypto Libra & Corporate Blockchains: Existential Threats to Bitcoin? appeared first on CCN Markets

Wise MPay, a digital payment processing company from Singapore, gets together with Jelurida, a leading creator of open source blockchain platforms, to launch its own blockchain enabled financial services platform, Coalculus. Based on the Proof of Stake (POS) consensus protocol, the platform will be publicly regulated, decentralized yet extremely safe and secure. Coalculus set to capture ASEAN markets Coalculus was envisioned as a globally-trusted financial transaction facilitation platform but the Wise Mpay Director clarifies that the initial focus is between ASEAN (Association of Southeast Asian Nations) countries, Hong Kong and Australia. “Our framework is a convergence of public and permissioned blockchains developed on the simple idea that organizations should be able to quickly and easily implement new financial services and leverage the benefits of blockchain,” Mr. Jack Bai, Director of Wise MPay explains. Banking on digital-savvy Southeast Asians According to the KPMB research, Southeast Asians are one of the leading…

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Toronto, ON – Blockchain evangelist, Tracy Leparulo of Untraceable, brings back the largest and most talked about Blockchain Futurist Conference in Canada for its second year on August 12 to 14, 2019, Toronto, Canada.  It will be held at Rebel Entertainment Complex at 11 Polson Street, Toronto, Ontario.   Last year’s conference was attended by over 2,300 attendees from around the world discussing the future of technology including blockchain, artificial intelligence and other emerging disruptive technologies. It featured leading executives, entrepreneurs, government officials and prominent blockchain vanguards. Speakers included: Larry King (GEAR Blockchain), Charles Hoskinson (former CEO of Ethereum), Anthony Di Iorio, (CEO of Decentral & Co-founder of Ethereum), and Roger Ver (CEO of Bitcoin.com).  Notable attendees included Bruce Croxon, former Dragon of Dragon’s Den and businessman, Stan Bharti. According to Alexia Hefti, Deloitte’s Global Blockchain Leader, Indirect Tax,  “Futurist is Canada’s leading blockchain conference and was one of 2018’s…

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