Tag: blockchain technology
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In the Metaverse, blockchain enables enterprise business models.
Enterprise blockchain has come a long way since its inception in 2017. Blockchain for enterprise use initially began as a technology built on private, permissioned networks, primarily used for supply chain management. As blockchain matured overtime, enterprises began to leverage public, permissionless networks like Ethereum to conduct business. Fast forward to 2021 — enterprises are…
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Good news For Blockchain Technology as Kakao Claims Its New Blockchain is 15x Faster Than Ethereum
After launching its Klaytn blockchain technology platform for enterprise last month, one of South Korean messaging app provider has come out with the claims that their Blockchain network is 15 times faster than Ethereum. This was announced by Kakao subsidiary company, GroundX, in a press conference that held yesterday in South Korean capital Seoul. As…
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Blockchain Future Spotlights: Win-Win-Win Business Model:- Gordon Gao CEO, WaykiChain
Rewind to the late 2018. It was a different time for Crypto. It was SCARY. Projects collapsed, the space was seen as a haven for bad actors and some of the largest projects and organizations in the space such as the Ethereum Foundation were teetering on the brink of bankruptcy back then. Despite it all,…
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Blockchain and Crypto Policies Worldwide
Rapid Rise of Cryptocurrencies and Blockchain Technology Over the past few years, inventions in the fintech space have been rapidly transforming into innovations thanks to early commercialization, mass acceptance and adoption. Cryptocurrencies have been around for a long time, but they have gained maximum traction and attention in the past decade. After the launch and success of Bitcoin,…
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UBS CEO: Blockchain to Play ‘Big Role’ in Reshaping Industry
Add the CEO of Swiss banking giant UBS to the “blockchain not bitcoin” crowd. In a new interview with CNBC this week, Sergio Ermotti expressed doubt about cryptocurrencies, stating that the role of the technology still “needs to be defined.” However, he was more bullish on private distributed ledger technologies, noting his company has already invested in a partnership…
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Cyprus Securities Regulator Trials Blockchain Oversight in OTC Markets
The Cyprus Securities and Exchange Commission, Cysec, has revealed new details about its efforts to explore blockchain technology, hinting live trials might already be underway. According to a report by Cyprus Mail, the agency is particularly interested in the regulatory implications of shared, distributed ledgers, and is testing how the technology could grant it greater oversight…
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Microsoft CEO Issues Blockchain Challenge to Interbank Messaging Service Swift
Technology firm Microsoft chief executive officer (CEO) Satya Nadella has issued a challenge to the interbank messaging service Swift to develop ‘useful’ applications of Blockchain technology. Nadella issued the challenge during the last day of the three-day Sibos 2017 annual financial conference, which was hosted by Swift. When asked onstage by Swift CEO Gottfried Leibbrandt…
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Interview: Slovenia’s Grand Plan Aims for ‘National Blockchain Ecosystem’
Recently, Slovenia’s Prime Minister, Miro Cerar, touted the benefits of blockchain technology while speaking at the Digital Slovenia 2020 gathering. Cerar notably stated that the country was becoming a well-recognized player in the world, and added that his government aims to “position Slovenia as the most recognized blockchain destination In the European Union.” During his speech, Cerar…
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Bank of America Files Patent for Blockchain-based Processing System
Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process. Based on the patent applications as of mid-October 2017, the bank proposes the use of a Blockchain to…
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100 Diplomas: MIT Issues Graduate Certificates on a Blockchain App
The Massachusetts Institute of Technology (MIT) has used bitcoin’s blockchain to issue digital diplomas to over 100 graduates as a part of a pilot project. In an announcement, MIT explained the certificates were issued through an app called Blockcerts Wallet, which allows graduates to securely share a “verifiable” and “tamper-proof” digital version of their diplomas with…