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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

R3 blockchain consortium adds ATB Financial to member portfolio

Mar 10, 2017 03:44 am UTC| Digital Currency

R3 distributed ledger consortium has been seeing increased number of members in the recent past and the consortium presently comprise of over 80 of the worlds leading financial institutions and regulators. Adding to its...

Blockchain Revolution Series

MAS successfully completes blockchain PoC for domestic inter-bank payments

Mar 09, 2017 10:00 am UTC| Digital Currency

The Monetary Authority of Singapore (MAS) announced that it has successfully completed a proof-of-concept (PoC) project using blockchain technology in order to carry out domestic inter-bank payments. The financial...

Blockchain Revolution Series

Russian PM asks ministries to explore blockchain use in public sector

Mar 08, 2017 08:11 am UTC| Digital Currency

Russian Prime Minister Dmitry Medvedev has given instructions to two ministries to explore the application of blockchain technology in public sector. In a recent speech, Medvedev discussed blockchain and said that he...

Blockchain Revolution Series

South Korean province successfully completes blockchain-based voting for local community project

Mar 08, 2017 05:55 am UTC| Digital Currency

Blockchain startup Blocko Inc. announced that Gyeonggi-do, a populous province of South Korea, has adopted a blockchain-based voting system that is developed by Blocko, in a vote for local community projects that are...

Blockchain Revolution Series

EconoTimes to hold Insurtech & Blockchain Conference on March 20th; Tokyo Marine, Munich Reinsurance to share insights

Mar 08, 2017 00:01 am UTC| Fintech

Insurtech, a newly coined term, a portmanteau of insurance and technology is expected to be the hottest topic in this years fintech field. Amidst this growing attention, EconoTimes will be holdinga conference focusing on...

Blockchain Revolution Series

Dianrong, FnConn launch blockchain platform ‘Chained Finance’

Mar 07, 2017 07:11 am UTC| Digital Currency

Dianrong, an online marketplace lending in China, and FnConn, a subsidiary of Foxconn Technology Group, announced the market launch of Chained Finance, ablockchain platform for supply chain finance. The new blockchain...

Blockchain Revolution Series

Qtum announces support from PwC to help fuel blockchain adoption

Mar 07, 2017 06:08 am UTC| Digital Currency

The Qtum Foundation, an open source value transfer protocol, and decentralized application platform, announced that it has obtained support from PwC, a leading professional service provider, in its efforts to help fuel...

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Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

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

Bloomberg Unveils Causes of Bitcoin, ETH, SOL, XRP, SHIB Price Plunge Amid Market Turbulence

Crypto trading volumes on major cryptocurrency exchanges fell dramatically in April. Trading volumes declined for the first time in seven months after Bitcoins price fell from an all-time high of $73,800, Bloomberg...

Harvest CEO Eyes Bitcoin ETF Entry into Mainland China via Hong Kong's ETF Connect

Harvests CEO feels that the Hong Kong-mainland China ETF bridge initiative can potentially expand crypto ETF access in mainland China. Harvest Explores Offering Bitcoin and Ether ETFs to Mainland Chinese Investors via...

Samsung Follows Apple, Abandons Autonomous Driving and EV Research Initiatives

Samsung has reportedly halted its autonomous EV driving research project. The companys Advanced Institute of Technology branch has dropped autonomous driving from its research initiatives. This move comes after allegations...

SHIB Burns Skyrocket 5,803%: 26.4 Million Shiba Inu Sent Ablaze in Meme Coin Surge

Shibburn, a popular meme coin explorer, has reported a significant spike in the burn rate of Shiba Inu, the second-largest meme cryptocurrency in market capitalization value. In the meantime, the SHIB price has risen...

Apple Reportedly Inks Deal with Samsung for Foldable Displays, Hints at Future Products

Speculations that Samsung Display was trying to sign Apple as its next big foldable display client surfaced online, but nothing was set in stone because Apple was unsure about building foldable products. However, Apples...