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Blockchain Revolution Series

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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

Hyperledger blockchain project adds 27 new members

Jan 26, 2018 06:15 am UTC| Digital Currency

Cross-industry collaborative blockchain initiative Hyperledger has announced the joining of 27 new organizations, spanning healthcare, consulting, advertising, supply chain technology. Counting over 185 organisations...

Blockchain Revolution Series

U.S. Energy Department explores blockchain for P2P energy transactions

Jan 26, 2018 04:03 am UTC| Digital Currency

The U.S. Department Of Energys (DOE) National Renewable Energy Laboratory (NREL) is partnering with blockchain startup BlockCypher for peer-to-peer (p2p) energy transactions facilitated via blockchain. NREL and...

Blockchain Revolution Series

Certification giant DNV GL to tap blockchain to improve efficiency of supply chains

Jan 26, 2018 03:16 am UTC| Digital Currency

Advisory firm DNV GL has partnered with blockchain startup VeChain as it seeks to leverage blockchain technology to enhance the efficiency of supply chains. In its official release, DNV GL revealed its plans to...

Blockchain Revolution Series

MercuryFX, IDT partner with Ripple for low-cost global payments

Jan 25, 2018 09:43 am UTC| Digital Currency

Telecom company IDT and global currency exchange provider MercuryFX are joining forces with blockchain startup Ripple to use xRapid, Ripples solution for on-demand liquidity, for quick settlement of retail remittances and...

Blockchain Revolution Series

Worldwide blockchain spending likely seen at $9.2B in 2021: IDC

Jan 25, 2018 08:48 am UTC| Digital Currency

In its inaugural Worldwide Semiannual Blockchain Spending Guide, market intelligence firm International Data Corporation (IDC) estimates that the worldwide spending on blockchain solutions will reach $2.1 billion in 2018,...

Blockchain Revolution Series

Volkswagen executive joins blockchain non-profit IOTA Foundation’s Supervisory Board

Jan 25, 2018 06:05 am UTC| Digital Currency

The IOTA Foundation, an open-source non-profit foundation, has announced that Chief Digital Officer of Volkswagen, Johann Jungwirth, is joining the Foundations Supervisory Board. Jungwirth served as the Chief Digital...

Blockchain Revolution Series

NTT DATA, Skuchain partner to develop blockchain-based supply chain solution for enterprises

Jan 25, 2018 05:18 am UTC| Digital Currency

Japans leading IT services provider NTT DATA has partnered with blockchain firm Skuchain to empower enterprise supply chains with blockchain. Under the partnership, the companies will finish building an integrated...

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Economy

South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge

South Koreas central bank is expected to place greater emphasis on inflation control after rising global oil prices triggered concerns that inflation could move above the Bank of Koreas 2% target. The warning came from...

Norway Core Inflation Hits 3.2% in April, Fueling Interest Rate Hike Expectations

Norways annual core inflation rate climbed to 3.2% in April, reinforcing expectations that the countrys central bank could maintain higher interest rates for a longer period. The latest figures, released by Statistics...

Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns

Goldman Sachs has pushed back its forecast for U.S. Federal Reserve interest rate cuts, now expecting reductions in December 2026 and March 2027 instead of the previously projected September and December 2026 cuts. The...

ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve

European Central Bank (ECB) governing council member Martin Kocher signaled that the ECB may soon need to adjust interest rates if inflation in the eurozone does not show meaningful improvement. His comments, published...

Indian Stock Market Drops as Iran Conflict Fuels Oil Price and Inflation Fears

Indian stock markets opened sharply lower on Monday as investors reacted to growing concerns over the economic fallout from the escalating Middle East conflict and rising crude oil prices. The Nifty 50 index declined 1.2%...

Politics

US Auto Industry Urges Trump to Block Chinese EV Market Access

As President Donald Trump prepares for a high-profile meeting with Chinese President Xi Jinping, pressure is mounting from U.S. automakers, lawmakers, unions, and manufacturers urging the administration to keep Chinese...

Trump-Xi Summit Sparks Renewed Hope for Americans Detained in China

Families of two Americans imprisoned in China for more than a decade are urging U.S. President Donald Trump to raise their cases during his meeting with Chinese President Xi Jinping. The detainees, Dawn Michelle Hunt and...

Trump Rejects Iran Proposal as Strait of Hormuz Crisis Pushes Oil Prices Higher

Oil prices surged Monday after former U.S. President Donald Trump rejected Irans latest response to a U.S.-backed peace proposal, raising fears that the ongoing Middle East conflict could intensify and further disrupt...

Taiwan Confident in Strong U.S. Relations Ahead of Trump-Xi China Summit

Taiwan Foreign Minister Lin Chia-lung said Monday that Taipei remains confident in the stable growth of Taiwan-U.S. relations as U.S. President Donald Trump prepares for a high-profile visit to China this week. Trump is...

Netanyahu Signals Plan to End Reliance on U.S. Military Aid Within 10 Years

Israeli Prime Minister Benjamin Netanyahu said Israel aims to gradually eliminate its dependence on U.S. military assistance over the next decade while expanding strategic partnerships with Gulf nations. In an interview...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors

Nintendo shares plunged on Monday after the Japanese gaming giant posted annual earnings that missed analyst expectations and issued a weaker-than-expected outlook for the current fiscal year. The disappointing forecast...

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...