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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

HKMA, Deloitte and other banks develop blockchain PoC for trade finance

Mar 31, 2017 05:02 am UTC| Digital Currency Fintech

The Hong Kong Monetary Authority (HKMA), consulting firm Deloitte, and leading trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept for Trade Finance. Industry...

Blockchain Revolution Series

Filament raises $15M to bring industrial application of IoT and blockchain for production

Mar 31, 2017 04:46 am UTC| Digital Currency

Filament that provides wireless industrial network announced that it has received $15 million in new venture financing that was led by Verizon Ventures and Bullpen Capital. The startup is seeking to bring the industrial...

Blockchain Revolution Series

ChromaWay enters next phase of blockchain-based property transactions project

Mar 30, 2017 09:41 am UTC| Digital Currency

ChromaWay that is working on a Smart Contract Platform, announced that it has reached the next phase of its land registry project that is based on blockchain technology. The company has partnered with Swedish National Land...

Blockchain Revolution Series

Japanese electronics giant Panasonic contributes to Hyperledger Iroha blockchain project

Mar 30, 2017 07:16 am UTC| Digital Currency

Japanese electronics conglomerate Panasonic is one among five companies that are contributing to Iroha project that is attached to Hyperledger blockchain initiative, CoinDesk reported. This marks Panasonics first move...

Blockchain Revolution Series

Blockchain studio SingularDTV details 3 phase economic model

Mar 30, 2017 06:53 am UTC| Digital Currency

SingularDTV, a blockchain entertainment studio, has announced its three-phase approach to building a decentralized entertainment economy on the Ethereum blockchain. Zach LeBeau, CEO of SingularDTV, detailed the roadmap...

Blockchain Revolution Series

Emirates NBD partners with Central Bank of UAE on blockchain trial to curb bank fraud

Mar 30, 2017 05:21 am UTC| Digital Currency

Emirates NBD, one of the largest banking groups in the Middle East, has partnered with the central bank of United Arab Emirates on a blockchain trial project that is focused on curbing bank cheque fraud, CoinDesk...

Blockchain Revolution Series

Arizona blockchain bill sent to Governor’s office for final approval

Mar 30, 2017 05:18 am UTC| Digital Currency

Arizonas legislature has passed a bill that seeks to recognize blockchain signatures and smart contracts under state law, CoinDesk reported. Last month, the lower chamber of Arizonas legislature advanced the billHB 2417...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Ex-OpenAI Exec Criticizes Sam Altman's Focus on 'Shiny Products' Over AI Safety Concerns

Former OpenAI executive Jan Leike resigns, criticizing the companys prioritization of shiny products over AI safety, calling out Sam Altmans leadership. Safety vs. Product Focus Leike, the leader of an artificial...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Tether's $1B USDT Mint Boosts Bitcoin, Eyes on $70K Milestone

Bitcoin has switched its former resistance into support, as Tethers market capitalization continues to rise swiftly in 2024. Tether, the worlds largest stablecoin, has issued another $1 billion, raising its market...