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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

Banks Struggle to Keep Pace with FinTech Disruption Finds World Retail Banking Report 2016

Apr 18, 2016 06:30 am UTC| Business

FinTech providers are making increasingly significant inroads with customers, yet the vast majority of banks admit they are not adequately prepared to manage this emerging FinTech threat, according to the 2016 World Retail...

Blockchain Revolution Series

Federal Reserve Governor Cautions Against Early Adoption Of Distributed Ledger Technologies

Apr 15, 2016 11:29 am UTC| Digital Currency

Speaking at the Institute of International Finance Blockchain Roundtable, Washington, D.C., Federal Reserve governor Lael Brainard discussed the use of distributed ledger technologies in payment, clearing, and...

Blockchain Revolution Series

Banca IMI Researcher Discusses Real Business Cases Of Blockchain Technology

Apr 15, 2016 10:22 am UTC| Digital Currency

A latest research paper from the head of interest rate and credit models at Banca IMI, an investment banking and capital markets subsidiary of Intesa Sanpaolo, discusses the real business cases of blockchain technology for...

Blockchain Revolution Series

Blockchain Tokens Platform WAVES Raises Over $2 Mln On First Day Of ICO

Apr 15, 2016 09:10 am UTC| Digital Currency

WAVES, a decentralized blockchain platform focusing on custom blockchain tokens operations, commenced its Initial Coin Offering (ICO) on April 12, and has raised 4,683 BTC (nearly $2 million) in the first 24 hours itself....

Blockchain Revolution Series

Eris Industries Partners With Scalable Blockchain Database BigchainDB

Apr 15, 2016 06:18 am UTC| Digital Currency

Eris Industries, a leading platform provider for enterprise blockchain applications, and BigchainDB, a scalable blockchain database, have announced a strategic alliance to enable a tighter integration of the Eris...

Blockchain Revolution Series

European Parliament To Host 4-Day Blockchain Conference Next Week

Apr 15, 2016 05:47 am UTC| Digital Currency

The hype around blockchain technology has become too big to ignore. Almost every major financial institution is now involved in the blockchain space some way or the other. DTCC CEO recently called the technology as...

Blockchain Revolution Series

DTCC CEO Sees Once-In-A-Generation Opportunity In Blockchain Technology

Apr 15, 2016 05:07 am UTC| Digital Currency

The Depository Trust Clearing Corporation (DTCC) has been actively involved in blockchain research for quite some time now. It was one of the seven firms to take part in the successful test of blockchain technology and...

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Economy

FxWirePro: Major driving forces of obstinate INR – Bullish and bearish scenarios and hedging vehicles

Indian rupee is the only EM Asia currency that has not risen against the USD since the start of the year. While it is down only slightly against the USD, it has nevertheless underperformed the broader USD trend. The...

FxWirePro: Among APAC space, Aussie looks vulnerable against Kiwi dollar

We noticed the two main risks to the bearish AUD view are that (1) the currency is dragged higher in a more sustained re-rating of the global growth outlookand that (2) better global news and some signs of housing...

S&P affirms New Zealand’s ‘AA’ credit rating, keeps outlook stable

The Standard Poors, credit rating agency affirmed New Zealands AA foreign currency rating and AA+ local currency long-term sovereign credit rating and said its outlook remains stable. The Standard Poor said in an...

ECB maintains stimulus program unchanged, remains dovish despite higher inflation

The European Central Bank in its first monetary policy meeting of 2017 on Thursday maintained interest rates and its bond-buying program unchanged, as expected. Also, the European Central President Mario Draghi concluded...

Chart of the Day: Fraudsters

This chart shared by Financial Times shows a glimpse from business investigation firm Krolls annual global fraud report that speaks of a business trouble in China in 2016; frauds. More than 80 percent of the Chinese...

Politics

5 Best Inauguration Day 2017 Quotes From Past Presidents

An incoming US Presidents inaugural address is regarded as a leaders promise to the people, and often used for checks and balances once the presidents new administration policies role out. That is why on Friday, January...

Donald Trump Presidential Inauguration Speech 2017 Live Stream Recap: Protests, An Awkward Moment With The Obamas, And Future Plans

Oh, what a day. The official Inauguration of Donald Trump as the 45th President of the United States of America was filled with a lot of drama. Prior to the inauguration ceremony, Trump and his wife Melania met with the...

Inauguration Day 2017 Facts: What To Expect The Weekend Donald Trump Swears In As Next US President

Whether you like it or not, Donald Trump will be officially sworn in as the 45th President of the United States of America on Friday, January 20th. However, official inaugural ceremonies will begin the day before. Here...

How to read Theresa May's Brexit speech

Almost seven months after the vote to leave the European Union, Prime Minister Theresa May has finally given some much needed clarity on how Brexit will happen. Or has she? May cast an optimistic tone on the vote to...

Theresa May confirms it'll be a hard Brexit – here's what that means for UK trade

Today, Theresa May confirmed that the UK government intends to leave the EUs single market and customs union. The consequences of this decision from a trade perspective should not be underestimated. The single market...

Science

Science must grow young advocates if it wants to connect with the real world

Science needs more academic hybrids: scientists who buck the stereotype of working in silos. This way of thinking must be broken if the narrative around the reality of sciences role in improving society for future...

Why we should send Bill Gates to Mars

Bill Gates, along with a few of his billionaire friends, has launched a US$1 billion fund to support research into energy technologies that will help us address climate change. The idea behind Breakthrough Energy...

Bee Makes Endangered Species List, Scientific Community Alarmed

Bees are often considered the single most important pollinators in the natural world, helping to spread life all across the land by coming in contact with pollens and spreading them everywhere. Now, one species of these...

Scientists Create Li-Ion Batteries With Built-In Fire Extinguishers

Following the wake of widely covered incidents involving exploding lithium-ion batteries in products like the infamous hoverboard and the unfortunate Samsung Galaxy Note 7, the fire hazard posed by the power source has...

Astronomers spot strange, bow-like structure in Venus' atmosphere

Venus is known both as the planet of love and the Earths evil twin. And although research suggests its environment is more hellish than romantic, theres actually a lot we dont know about our celestial neighbour. Now...

Technology

Nokia 6 Sold Out In One Minute In Flash Sale, Has Over A Million Registrations

A new report said all units of the new Nokia 6 during the smartphone companys first flash sale were all sold out. Anzhuo.cn reports that the demand for Nokias 2017 flagship phone on Chinese e-commerce platform JD.com was...

Government Green Lights Building Of Atlantis, Construction Begins in 2019

When talking about cities of the future, most people often think of major landmasses floating in the sky. Before getting there, however, it seems engineers are looking at solving the floating aspect first and they are...

Mind-Controlled Robot ‘Teleport Helps The Disabled Move Around

It would seem that the world of robotics is progressing at an exponential rate, with advances in artificial intelligence and cybernetic mimicry leading the charge. Now, machines that can be controlled via neural interface...

Meitu App Makes Users Look Like Cute Anime Characters And Vulnerable To Data Mining

There is a new app in the market that is skyrocketing in popularity of late because it can turn any user into a cute anime character. While the benefits may seem appealing, particularly to a certain otaku-ish segment of...

LG Patent Foldable Smartphones Too; Company Receives Tablet Hybrid Patent

LG seems to be seeking a dominant position in the smartphone market with its foldable phone model. GSMInfo first reported that LGs patent showcases a new smartphone model looking likea merger of two, different parts. The...
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