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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

Russian banks fail to access R3 blockchain consortium membership – Report

Apr 07, 2017 06:11 am UTC| Digital Currency

According to latest reports, financial innovation firm R3 has denied entry to Sberbank, Russias largest bank by assets, along with informally signaling the same to four other Russian banks, Kommersant reported. R3 made...

Blockchain Revolution Series

Intel demonstrates Sawtooth Lake open source blockchain project for seafood traceability

Apr 07, 2017 04:37 am UTC| Digital Currency

American multinational corporation and technology company Intel has unveiled a public demonstration of a seafood case study in supply chain traceability using blockchain technology. The Sawtooth Lakes distributed ledger...

Blockchain Revolution Series

Lack of blockchain knowledge among payment providers is major barrier to implementation: Capital One - NAPCP Study

Apr 07, 2017 04:17 am UTC| Fintech

The latest study conducted by Capital One and NAPCP has revealed that while payment professionals are well aware of the benefits of payment technologies now entering the marketplace, they believe that cost and...

Blockchain Revolution Series

TMX Group launches new blockchain-based E-Proxy Voting System prototype

Apr 07, 2017 03:41 am UTC| Digital Currency

Canadian financial services firm TMX Group announced a new prototype based on the blockchain technology to increase the efficiencies as well as solve day-to-day client challenges across its business areas. The...

Blockchain Revolution Series

Samsung SDS develops ‘Nexledger’ blockchain platform for corporations

Apr 06, 2017 06:43 am UTC| Digital Currency

Samsung SDS announced that it has developed Nexledger, a blockchain platform that is developed for industries and corporations and will begin its full-fledged initiatives to tap the blockchain industry. Samsung SDS has...

Blockchain Revolution Series

San Francisco Blockchain Collective to host Genesis launching event on April 14

Apr 06, 2017 06:32 am UTC| Digital Currency

San Francisco Blockchain Collective is going to host its Genesis launching event at Minna Gallery on April 14th which will feature cryptographers, bitcoin/cryptocurrency enthusiasts, entrepreneurs, artists, and...

Blockchain Revolution Series

Blockchain’s real value is in authentication, not in distributing digital currency: Philadelphia Fed President

Apr 06, 2017 05:54 am UTC| Digital Currency Fintech

The real value of blockchain technology is in authentication, not in distributing digital currency, Patrick T. Harker, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, said recently. Speaking...

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Economy

US Expects China to Boost Purchases of American Farm Products After Trump-Xi Summit

The United States expects China to commit to purchasing double-digit billions worth of U.S. agricultural products following a high-level summit between President Donald Trump and Chinese President Xi Jinping in Beijing,...

Japan Wholesale Inflation Hits Three-Year High as Oil Shock Fuels BOJ Rate Hike Expectations

Japans wholesale inflation surged in April at the fastest annual pace in three years, driven by soaring energy and chemical prices linked to tensions in the Middle East and disruptions in oil supply routes. The latest data...

Wall Street Hits Record Highs as Nvidia China Chip Sales Boost Market Optimism

U.S. stock index futures traded steadily Thursday evening after Wall Street closed at fresh record highs, driven by strong gains in technology stocks and renewed optimism over U.S.-China relations. Investor sentiment...

Dollar Gains as Fed Rate Hike Bets Rise Amid Strong U.S. Data

The U.S. dollar strengthened on Thursday as investors increased expectations that the Federal Reserve could raise interest rates again later this year following stronger-than-expected economic data. Fresh inflation figures...

Gold Prices Fall as Strong Dollar and Inflation Data Boost Rate Hike Expectations

Gold prices declined sharply on Thursday as a stronger U.S. dollar and rising inflation concerns increased expectations that the Federal Reserve may raise interest rates later this year. Investors also closely monitored...

Politics

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...

Pentagon Halts Planned U.S. Troop Deployment to Poland Amid Europe Force Review

The Pentagon has reportedly canceled plans to temporarily deploy 4,000 U.S.-based troops to Poland, according to two U.S. officials, raising fresh concerns over the future of American military presence in Europe under...

Russian Border Drone Attack Leaves One Dead in Belgorod Region

A Ukrainian drone attack in Russias Belgorod border region killed one person and injured three others on Thursday, according to regional authorities. Belgorod, which borders Ukraine, has frequently been targeted by drone...

Trump DOJ Accuses Yale Medical School of Racial Bias in Admissions

The U.S. Justice Department announced Thursday that Yale Universitys medical school allegedly violated federal law by favoring Black and Hispanic applicants in its admissions process. The investigation is part of the Trump...

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

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...

SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment

SoftBank Group Corp. (TYO:9984) shares dropped sharply on Thursday despite the company reporting blockbuster fourth-quarter earnings, as investors grew increasingly concerned about the Japanese tech giants expanding...