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Blockchain Revolution Series

©Econometrics LLC . All Rights Reserved.

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

State of Illinois to host blockchain hackathon next month

Jun 21, 2017 05:50 am UTC| Digital Currency

The State of Illinois is going to host a virtual blockchain hackathon IBI Hack next month. The month-long challenge, starting 01 July 2017, is a part of the Illinois Blockchain Month 30 days of blockchain education and...

Blockchain Revolution Series

Media giants partner to develop ‘Blockchain Insights Platform’ for video advertising efficiency

Jun 21, 2017 04:42 am UTC| Digital Currency

Comcasts Advanced Advertising Group announced that it is developing a new Blockchain Insights Platform that is aimed to improve the efficiency of premium video advertising. The blockchain platform will enhance planning,...

Blockchain Revolution Series

Blockchain startup Synereo rebrands flagship product QRator to ‘WildSpark’

Jun 21, 2017 04:16 am UTC| Digital Currency

Synereo Ltd., a Tel-Aviv based blockchain startup that was recently included in Gartners Cool Blockchain Vendor, has announced it is rebranding its flagship product Qrator to WildSpark. The move to rebrand comes...

Blockchain Revolution Series

Digital Currency Revolution

CBDCs could relegate private virtual currencies to secondary role in payments system: IMF

Jun 20, 2017 11:26 am UTC| Digital Currency

The International Monetary Fund (IMF) has released a discussion note focusing on emerging fintech innovation, distributed ledger technology (DLT), and central bank digital currency (CBDC) among others. The paper, in...

Blockchain Revolution Series

Banks actively developing fintech and blockchain solutions to maintain competitiveness: HKMA

Jun 20, 2017 07:34 am UTC| Digital Currency Fintech

Banks are increasingly exploring latest biometric identification technology, including blockchain or distributed ledger technology, Norman Chan, Chief Executive, Hong Kong Monetary Authority, recently said in an official...

Blockchain Revolution Series

Blockchain could solve business needs for wealth and asset management firms: EY

Jun 20, 2017 06:45 am UTC| Digital Currency

In a report, consulting firm EY has discussed how wealth and asset management companies are seeking to tap the benefits of blockchain as well as key challenges to adopting this technology. Titled Blockchain innovation...

Blockchain Revolution Series

Accenture, Microsoft develop blockchain-powered digital identity solution

Jun 20, 2017 06:04 am UTC| Digital Currency

Accenture, in collaboration with Microsoft and Avanade, has developed a blockchain-based identity prototype that aims to empower individuals with direct consent over who has access to their personal information, and when...

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Economy

Cuba Weighs $100M U.S. Aid Offer Amid Fuel Crisis

Cuba said Thursday it is open to considering a $100 million humanitarian aid proposal from the United States, though officials remain doubtful about President Donald Trumps broader intentions as the island struggles...

Vietnam Economic Growth Forecast Slows to 6.8% in 2026, Says World Bank

Vietnams economic growth is projected to ease to 6.8% in 2026 after the country recorded a strong 8% expansion last year, according to the latest assessment released by the World Bank on Friday. Despite the slower pace,...

BOJ Rate Hike Expectations Grow as Inflation and Weak Yen Pressure Japan Economy

The Bank of Japan (BOJ) is increasingly expected to raise its key interest rate to 1.0% in June as policymakers face mounting inflation risks linked to rising energy prices and the continued weakness of the Japanese yen....

Trump Says China to Boost U.S. Oil Imports After Xi Talks

U.S. President Donald Trump said China has agreed to significantly increase purchases of American oil and energy products following high-level discussions with Chinese President Xi Jinping in Beijing. Speaking during a...

Asian Currencies Slide as Strong U.S. Data Boosts Dollar and Fed Rate Hike Expectations

Asian currencies weakened on Friday as stronger-than-expected U.S. economic data pushed the dollar higher and reinforced market expectations that the Federal Reserve could maintain a hawkish monetary policy stance through...

Politics

US Plans Imminent Indictment of Cuba’s Raul Castro Over 1996 Plane Shootdown

The United States is reportedly preparing to indict former Cuban President Raul Castro in connection with the 1996 downing of civilian aircraft operated by the humanitarian organization Brothers to the Rescue. According to...

US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention

U.S. Trade Representative Jamieson Greer said Washington and Beijing did not engage in detailed discussions about U.S. chip export controls during the latest Trump-Xi summit in China. Speaking to Bloomberg TV on Thursday,...

Matthew Wale Elected Solomon Islands Prime Minister After No-Confidence Vote

Matthew Wale has been elected as the new Prime Minister of the Solomon Islands after lawmakers voted out former leader Jeremiah Manele in a no-confidence motion last week. The Solomon Islands parliament selected Wale on...

Rubio Urges China to Release Jimmy Lai and Political Prisoners

U.S. Secretary of State Marco Rubio said the United States is seeking a positive response from China regarding repeated appeals for the release of jailed Hong Kong media tycoon Jimmy Lai and other political detainees....

US Hosts Israel-Lebanon Talks as Ceasefire Deadline Nears

The United States described the latest Israel-Lebanon talks in Washington as productive and positive as diplomats pushed to prevent renewed escalation ahead of a fragile ceasefire deadline. U.S. officials confirmed that...

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

Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion

Alphabet, the parent company of Google, has raised 576.5 billion yen ($3.6 billion) through a yen-denominated bond sale, marking the largest bond issuance ever completed by a foreign company in Japan. The landmark deal...

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...

Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval

Nvidias efforts to expand AI chip sales in China remain stalled even after the U.S. approved several Chinese technology giants to purchase the companys H200 processors. Although around 10 Chinese firms, including Alibaba,...

Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth

Alibaba Group Holding Ltd. (HK:9988) saw its Hong Kong-listed shares jump sharply on Thursday after the Chinese e-commerce and technology giant reported better-than-expected quarterly earnings driven by strong momentum in...