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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

Deloitte outlines six principles for blockchain in financial services

Nov 01, 2017 09:53 am UTC| Digital Currency

Consulting giant Deloitte has published a new report that outlines principles for blockchain in financial services. Prepared during the summer months of 2017 by the Deloitte EMEA Blockchain Lab in Dublin, in association...

Blockchain Revolution Series

25 pct of Global 2000 firms to use blockchain services as foundation for digital trust at scale by 2021: IDC

Nov 01, 2017 07:16 am UTC| Digital Currency

International Data Corporation (IDC) has announced its worldwide information technology (IT) industry predictions for 2018 and beyond. Over the past several years, IDC said that has focused on the digital transformation...

Blockchain Revolution Series

NRI, Microsoft Japan launch financial innovation consortium - focus on AI, deep learning, blockchain

Nov 01, 2017 05:29 am UTC| Digital Currency

Japanese think tank Nomura Research Institute (NRI) and Microsoft Japan are joining forces to establish the Financial Digital Innovation Consortium. Officially launching today, on November 01, 2017, the consortium will...

Blockchain Revolution Series

R3 and 22 member banks develop DLT solution for international payments

Nov 01, 2017 04:43 am UTC| Digital Currency

Enterprise software firm R3, along with 22 of its consortium member banks, has developed a distributed ledger technology (DLT)-based solution that would enable fast, efficient and cost-effective cross-border payments,...

Blockchain Revolution Series

European Commission to spend €1.7B on digitization, touts AI and blockchain as breakthrough innovation

Oct 31, 2017 10:26 am UTC| Digital Currency

The European Commission has outlined its plans to spend 30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020. Aimed at supporting scientific excellence in Europe, Horizon 2020 is...

Blockchain Revolution Series

11 South Korean securities firms to trial blockchain-based security platform

Oct 31, 2017 08:58 am UTC| Digital Currency

The Korea Financial Investment Association (Kofia), an industry trade group in South Korea, on Tuesday, said that securities firms and merchant banks in the country have commercialized blockchain technology to build a more...

Blockchain Revolution Series

MAS to develop DLT solutions for inter-bank payments and trade finance

Oct 31, 2017 06:24 am UTC| Digital Currency

The Monetary Authority of Singapore (MAS) has released a roadmap for making Singapore a leading global financial center in Asia. The industry transformation map (ITM) for financial services outlines growth strategies by...

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Economy

Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only

Ireland has clarified that its proposed legislation to curb trade with Israeli settlements in the occupied West Bank will apply strictly to goods, not services, according to a senior minister speaking to Reuters. The...

Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook

Gold prices edged slightly lower in Asian trading on Friday after posting strong gains earlier in the week, as dovish signals from the U.S. Federal Reserve continued to support precious metals markets. Despite the minor...

Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal

Indonesia expects to finalize its tariff negotiations with the United States by the end of the year, signaling continued momentum in bilateral trade relations despite reports of growing tensions. The announcement was made...

Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook

Most Asian currencies traded in a narrow range on Friday as investors digested the U.S. Federal Reserves latest interest rate decision and assessed the outlook for monetary policy next year. While regional foreign exchange...

Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals

U.S. stock futures edged lower on Thursday evening as renewed pressure on technology and artificial intelligence stocks overshadowed optimism surrounding a more accommodative Federal Reserve. The pullback was driven...

Politics

Democrats Face Uphill Battle in Midterm Elections Despite Recent Victories, Reuters/Ipsos Poll Shows

Recent Democratic election wins have fueled optimism that the party could reclaim one or even both chambers of the U.S. Congress in next years midterm elections. However, a new Reuters/Ipsos poll suggests that this...

Trump Claims Pardon for Tina Peters Despite No Legal Authority

U.S. President Donald Trump said Thursday that he is pardoning Tina Peters, a former Colorado county clerk convicted of tampering with voting machines following the 2020 presidential election, even though he has no legal...

Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade

Indian Prime Minister Narendra Modi said he held a phone conversation with U.S. President Donald Trump on Thursday, as New Delhi intensifies efforts to secure relief from steep U.S. tariffs imposed on key Indian exports....

Trump Signs Executive Order to Establish National AI Regulation Standard

U.S. President Donald Trump on Thursday signed a sweeping executive order aimed at creating a unified national framework for regulating artificial intelligence, marking a significant shift in how AI governance is handled...

Trump Signals Conditional Push for Ukraine Peace Talks as Frustration Mounts

U.S. President Donald Trump has indicated that his administration may send a senior representative to Europe this weekend for potential peace talks on the war in Ukraine, but only if there is a genuine opportunity to...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...

Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform

Atlassian Corps popular work management software Trello experienced a service disruption on Friday, leaving a number of users unable to access the platform. The outage was flagged by internet monitoring service...

Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns

Intel has tested advanced chipmaking equipment this year from ACM Research, a semiconductor toolmaker with deep operational ties to China, according to sources familiar with the matter. The move has drawn scrutiny because...

Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO

Moore Threads Technology Co Ltd (SS:688795), a Chinese graphics chipmaker often described as Chinas potential rival to NVIDIA Corporation (NASDAQ:NVDA), saw its share price fall sharply on Friday after the company issued a...

Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies

Evercore ISI analysts have reiterated their Outperform rating on Alphabet Inc. (NASDAQ: GOOGL), emphasizing that Googles core search business continues to dominate the market despite intensifying competition from...