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A block chain or blockchain is a permissionless distributed database that maintains a continuously-growing list of transaction records hardened against tampering and revision. It consists of blocks, holding batches of individual transactions. Each block contains a timestamp and an information linking it to a previous block. The block chain is seen as the main technical innovation of bitcoin, where it serves as the decentralized public ledger of all bitcoin transactions. This original design has been the inspiration for other cryptocurrencies and distributed databases. In this series, we cover latest development stories related to blockchain and its applications around the world.

Blockchain Revolution Series

UAE-based RAKBANK powers instant payments to India using Ripple’s blockchain network

Nov 22, 2017 10:12 am UTC| Digital Currency Fintech

The National Bank of Ras Al-Khaimah, or RAKBANK, has announced that it has leveraged Ripples blockchain network RippleNet for cross-border payments, WAM Emirates News Agency reported. RAKBANK joined RippleNet last...

Blockchain Revolution Series

Former New York superintendent of Financial Services Benjamin Lawsky joins blockchain startup Ripple

Nov 22, 2017 03:13 am UTC| Digital Currency

Blockchain startup Ripple has announced that Benjamin Lawsky, the former New York superintendent of Financial Services has joined its Board of Directors (BoD) and Ron Will as chief financial officer (CFO). Lawsky will...

Blockchain Revolution Series

Israeli container shipping firm ZIM trials blockchain-based Bill of Lading

Nov 21, 2017 07:04 am UTC| Digital Currency

Israel-based container shipping company ZIM, in collaboration with Sparx Logistics and Wave, has completed a first pilot of paperless Bills-of-Lading based on blockchain technology. The new solution allows secure...

Blockchain Revolution Series

ING solves data privacy issue of public blockchains with new solution

Nov 21, 2017 05:31 am UTC| Digital Currency

Dutch multinational bank ING has announced a major breakthrough that will help overcome the problem of protecting data privacy when using blockchain technology in financial services. The banks blockchain team has...

Blockchain Revolution Series

Axoni-led working group completes blockchain trial for equity swaps

Nov 21, 2017 04:48 am UTC| Digital Currency

A working group, led by Axoni and participation from leading banks including Citi, BNP Paribas, Goldman Sachs, and J.P. Morgan, have successfully completed a blockchain pilot to manage equity swap transactions and related...

Blockchain Revolution Series

Ethereum-based digital ID registration platform opens to Zug citizens

Nov 21, 2017 04:04 am UTC| Digital Currency

Self-sovereign identity platform uPort has announced the opening of an Ethereum-based digital identity registration system to the citizens of Zug, Switzerland. The platform was officially opened on November 15, 2017....

Blockchain Revolution Series

R3 expands partnership with Micorosft Azure to boost adoption of Corda DLT platform

Nov 21, 2017 03:06 am UTC| Digital Currency

R3 and Microsoft have expanded their strategic partnership to further boost the adoption of R3s Corda platform amongst businesses using Microsoft Azure. Microsoft first entered into a partnership with R3 in April 2016....

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Economy

Indian economy to grow strongly in 2017, per capita income remains low

The International Monetary Fund has recently projected that India will again record one of the worlds highest economic growth rates this year. According to IMF, the Indian economy is expected to expand 6.7 percent in 2017,...

Australian residential building activity likely to flat-line, non-residential activity to rise strongly

Australias headline construction work done rose strongly on a sequential basis in the third quarter. Construction work done grew 15.7 percent in the September quarter, as compared with the rise of 9.8 percent in the prior...

U.S. Treasuries range-bound ahead of FOMC’s November meeting minutes, long Thanksgiving weekend

The U.S. Treasuries remained range-bound Wednesday as investors remained sidelined in any major trading activity ahead of the FOMC November meeting minutes, scheduled to be released today by 19:00GMT ahead of a long...

New Zealand bonds close higher as downtrend continues in dairy prices

New Zealand bonds closed higher on Wednesday as a downward trend in prices continued in Global Dairy Trade (GDT) auction. Also, this represents the 4th straight decline witnessed at GDT events. At the time of closing,...

JGBs gain on BoJ’s daily market operations ahead of Thanksgiving day

Japanese bonds gained on Wednesday following the Bank of Japan (BoJ) daily market operation ahead of the Thanksgiving holiday. In addition, with inflation still way below the central bank 2 percent target, the BoJ sees no...

Politics

Brexit: why Macron has more room to manoeuvre than May and Merkel

Despite the valiant efforts of both the EU and the UK to uphold confidence in the Brexit negotiations process, its clear the talks have been deeply unsatisfactory for both sides. Fundamental conflicts of interest and...

Why PR agencies and their spin should be the subject of greater scrutiny

It was one of the biggest and best-known British PR agencies around. So when Bell Pottinger came crashing down earlier this year, you could be forgiven for wondering why it hadnt prepared a better crisis strategy to deal...

Catalonia crisis: Spain enters unchartered territory following Madrid move to end autonomy

Shortly after Catalonias parliament in Barcelona voted to declare independence from Spain on October 27, the senate in Madrid voted to trigger Article 155 of the Spanish constitution, removing Catalonias autonomy. In...

China's ambition burns bright - with Xi Jinping firmly in charge

The most important political event of 2017, the 19th Chinese Communist Party Congress, has concluded. And while there was much to digest, one image above all stands out: Xi Jinpings political dominance and his burning...

Kuwait's economic interest in mediating the Qatar-Gulf crisis

A blockade against Qatar by its Gulf neighbours is now in its fifth month. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed socio-economic ties with Qatar as punishment for its alleged support of terrorism...

Science

Drug Addiction Could Be Cured With Gene Therapy

The opioid addiction crisis gripping the U.S. is currently one of the biggest health issues plaguing the country. In many cases, opioid addicts turn to using heroin or methamphetamine in order to get high. In what could...

Cancer Patient Injected With Vaccine For The First Time

Cancer is one of the last remaining major illnesses that still does not have a vaccine, but human trials have finally begun to change all this. Moderna Therapeutics just injected a patient with a cancer vaccine for the...

New Zealand’s Plan To Weaponize CRISPR To Annihilate Pests Sparks Debate In Scientific Community

Its always the same story. Governments want to use science as a weapon of mass destruction, certain members of the scientific community speak up about the potential consequences, and the debates ensue. In the case of New...

Scientists Achieved Real-Time Gene Editing In Live Human Subject For The First Time

Gene editing is considered by many as the future of medicine. The potential uses attributed to the field range from curing all kinds of diseases to making humans practically invulnerable. For the first time, scientists...

Scientist Proves Brain Implant Can Improve Memory By 30%

These days, one of the hottest topics in the tech and medical industries is the matter of cybernetics or merging man with machine. A scientist has recently advanced this field by demonstrating how a brain implant can...

Technology

Loot Boxes Are Gambling According To Belgium, Major Win For Gamers

Loot boxes and microtransactions have been the bane of many gamers lives since they started gaining popularity. The recent backlash against EAs decision to nickel and dime players with Battlefront II was the final straw...

The iPhone X Was Reportedly Made Using Illegal Slave Labor

Everyone already knows that iPhones are made using questionable manufacturing methods but in a recent report, the world was treated to another glimpse of the terrible truth behind every Apple device enjoyed by consumers....

Skype Vanishes From Chinese App Market, Another Bites The Dust

As a country with a history of having inconvenient apps removed, the disappearance of Skype from the Chinese market isnt really that surprising. As of writing, all traces of the app are gone from the app stores, including...

Google Location-Tracking Controversy Splits Publications, Spying Or Not Spying?

There was a recent report that Google was apparently tracking user locations even when they have disabled location tracker on their devices. This was then picked up by other publications, thus spreading the narrative that...

Quantum Computers Pose Threat To Bitcoin And Blockchain, Study Claims

With so many developments and advances in the tech industry over the years, a lot of them can seem interconnected. In the case of quantum computers and the cryptocurrency market, this is apparently the case, but not all in...
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November 22 17:00 UTC Released

USFCOJ Stock

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0.494 Pounds B

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0.494 Pounds B

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506.931 Pounds M

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506.931 Pounds M

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2.6 %

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2.3 %

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56.1 bln $

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57.3 %

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60.4

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60.6

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55

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