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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

Thailand’s Krungsri extends USD$140M IBM Services Relationship amid blockchain push

Jul 27, 2018 04:21 am UTC| Digital Currency Fintech

Bank of Ayudhya (Krungsri), one of the largest financial institutions in Thailand, has announced a five-year $140 million engagement with IBM to accelerate its efforts towards digital transformation. In August 2017, the...

Blockchain Revolution Series

BRICS banks ink agreement on collaborative blockchain research

Jul 27, 2018 03:29 am UTC| Digital Currency

Five major banks from the BRICS nations have teamed up to jointly conduct research on distributed ledger technology, commonly known as blockchain. BRICS is an acronym for an association of five major emerging national...

Initial Coin Offering Series

Blockchain Revolution Series

Chief at Blakemore Fallon & Co-founder of Ketsal Consulting trailblazing on regulatory compliance of blockchain and digital-assets

Jul 26, 2018 09:22 am UTC| Research & Analysis Fintech Insights & Views Commentary Digital Currency

In July2017, as per the SECs report of investigation pursuant to section 21(a) of the Securities Exchange Act of 1934: The DAO, Slock.it UG (Slock.it), a German corporation; Slock.its co-founders; and intermediaries may...

Blockchain Revolution Series

Origins raises $1.2M from NEM Community Fund to bring blockchain to garment industry

Jul 26, 2018 06:46 am UTC| Digital Currency

Origins, a startup aiming to transform the global garment industry, has raised $1.2 million from the NEM Community Fund. The startup has been founded by Samantha Jones an accomplished entrepreneur who was named New...

Blockchain Revolution Series

Swiss blockchain startup Streamr joins MOBI

Jul 26, 2018 06:02 am UTC| Digital Currency

Blockchain-backed data platform Streamr has announced that it is joining the Mobility Open Blockchain Initiative (MOBI). Launched in May, MOBI is a blockchain-focused initiative aimed at making transportation safer,...

Blockchain Revolution Series

Indian Government and Nucleus Vision to co-host International Blockchain Congress in August

Jul 26, 2018 05:31 am UTC| Digital Currency

Blockchain startup Nucleus Vision is going to co-host Indias largest-ever blockchain conference with the state governments of Telangana and Goa, and the government think-tank National Institution for Transforming...

Initial Coin Offering Series

Blockchain Revolution Series

Arts & Collectibles blockchain Codex announces new head of product, launches token sale

Jul 26, 2018 05:27 am UTC| Digital Currency

Codex Protocol, a decentralized asset registry for arts and collectibles (AC) asset class, has announced the appointment of Daniel Grachanin, former Director of Product Marketing at RChain Cooperative, as the companys new...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...

Shiba Inu Lead Shytoshi Kusama Unveils Mysterious 'Evita' Teaser, Sparking Frenzy

Shytoshi Kusama, the elusive figure at the helm of the renowned cryptocurrency Shiba Inu (SHIB), has set tongues wagging with a cryptic teaser shared across social media platforms. The enigmatic message features the word...

Amazon Opens Online Shopping for South African Customers

Amazon has finally arrived in South Africa. With its launch in the region, Jeff Bezos e-commerce platform is expected to compete with the leading local online shopping player, Takealot.com. The American e-commerce giant...

Apple Embarks on AI Chip Development for Data Center Capabilities

Apple Inc. is set to transform the tech landscape with its newly developed AI chip, tailored specifically for data center operations. Dubbed Project ACDC, this initiative marks a significant leap in server technology,...