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Blockchain Tech News - Networld Media Group

Blockchain Tech News - Networld Media Group

Select one of our industry-leading news sites to learn more: We find, educate and inform customers daily! We connect advertisers to their audiences through: Choose one of our premier executive summits and events to learn more: With 20 years of association management experience, Networld offers its publishing and website experience to associations, foundations and non-profits. Our Custom Media department delivers high-performance media, research and custom publications for our B2B clients and advertisers. Blockchain Tech News delivers daily information empowering businesses to understand and participate in the growing world of blockchain tech. Blockchain technologyis being recognized by governments around the world and by businesses of all types across the globe. Technology providers are rapidly putting together the tools that are allowing blockchainto be used for all types of transactions. Today, the total market value of the top 100 convertible virtual currencies alone exceeds US$9 billion (source: Virtual Currency: Risks and Regulation, June 2014, Independent Community Bankers of America). Does bitcoin's original vision need to be restored? March 19, 2018 The primary audience of Blockchain Tech News comprises payment solution providers, cash network and exchanges, Virtual currency ATM manufacturers, developers, customer experience pros, retail executives, regulators, industry analysts, financial industry executives,and other key executives interested in the importance and growth of blockchain across diverse industries. COMPANIES REPRESENTED IN OUR AUDIENCE INCLUDE: Washington Metropolitan Area Transit Authority blockchaintechnews.com provides daily information that furthers the understanding of virtual currency for businesses. Blockchain Tech News provides the latest Continue reading >>

China To Cut Bureaucracy With Blockchain Technology

China To Cut Bureaucracy With Blockchain Technology

China To Cut Bureaucracy With Blockchain Technology TheHangzhou Blockchain Research Institute, a subsidiary of the Peoples Bank of China (PBoC) ,has launched a blockchain-based platform, the first of its kind to be launched under Chinas central bank. China LaunchesBlockchain Registry Open Platform To Cut Through Bureaucracy The organization, also known as the Zhongchao Blockchain Research Institute, has reportedly presented its Blockchain Registry Open Platform (BROP) at the Global Financial Science and Technology Summit in Hangzhou on Monday. BROP aims to remove Chinasredundant bureaucracy and, according to its white paper , it is an open platform for developing independent intellectual property rights based on the blockchain. The research institute belongs to Zhongchao Credit Card Industry Development, a subsidiary of China Banknote Printing and Minting Corporation (CBPMC) under Chinas central bank. BROP will leverage its partners tomake credible records of user identity, certificate data, and digital credentials for enterprise users. With these identityrecords, the platform will be able toprovide verifiable and supervised ownership registries and information on public services. Fan Guifu, chairman of Zhongchao Credit Card Industry Development, which is a member of the Linux Foundation, commented the launch of the Blockchain Registry Open Platform. We started the layout of blockchain technology in early 2015 and set up the Zhongchao Blockchain Research Institute last year. Our key focus is the development of blockchain and other emerging financial technologies. A leader of blockchain development in China,the Hangzhou (Zhongchao) Blockchain Technology Research Institute has applied for 22 blockchain patents. Out of the top 100 companies with the highest numberof paten Continue reading >>

Blockchain Technology Talk Is Largely Nonsense

Blockchain Technology Talk Is Largely Nonsense

Blockchain Technology Talk is Largely Nonsense Every so often, corporate business blushes its latest fad speak. Disruptive. Paradigm shift. 2.0, 3.0. Game changer. For about half a decade now, blockchain technology has been the phrasing du jouramong ecosystem corporatists and assorted scammers. Its weak jingoism employed to disguise against real innovation, cryptocurrency. Blockchain is just a damn database, a giant spreadsheet. Ive officially had an ass-full of it. Knock it off already. WARNING: Language quite salty ahead! Also read: Qubec Premier: Were Not Really Interested in Bitcoin Mining Blockchain Without Bitcoin is Just a Database Stanford University Computer Science Lecturer Cynthia Lee created a bullshit detector. Dr. Lee answered an off the cuff provocation by Wall Street Journal columnist, Christopher Mims . Exasperated, he Tweeted about the possibility of a browser extension that replaces blockchain with multiple copies of a giant Excel spreadsheet. She went to work on Google Chrome . The result instantly sweeps away mounds of stupidity, shelves of inane TED Talks, and bullets god awful gurus of modern finance. And its glorious. Fuckery from Porsche, for example, loses its heart-pounding intensity: Porsche becomes the first auto manufacturer to utilize multiple copies of a giant excel spreadsheet. Her fanciful github project worked so well, it turned meta once she jumped back on Twitter to share the hilarious product, correcting even her previous Tweets. Articles suddenly lost their edge. Initial coin offering projects immediately were revealed for the mostly fraud they are. Its especially helpful for those new to the space, the crypto idea. In the mainstream press and the global corporate world, cryptocurrency is reviled. It is hated. Its users are though Continue reading >>

Facebooks Bad News: Good News For Blockchain?

Facebooks Bad News: Good News For Blockchain?

Facebooks Bad News: Good News for Blockchain? By Shoshanna Delventhal | March 23, 2018 6:00 AM EDT Blockchain , the online ledger technology technology that powers bitcoin and other cryptocurrency transactions, could get a boost from the recent data scandalfacing tech giants such as Facebook Inc. ( FB ), according to one analyst on the Street. This week, Facebook saw billions of dollars wiped from its market capitalization after news broke that political data analytics firm Cambridge Analytica had used the personal information of more than 50 million users without their consent to help the Trump campaign in the 2016 U.S. presidential race. In an interview with CNBC on Wednesday, RBC Capital Markets analyst Mitch Stevessuggested that Zuckerberg'swoes could be good news for blockchain technology. The RBC analyst indicatedthat decentralized blockchain will allow users to see exactly which data are being shared and with whom, but will not be able to prevent themisuse of data. Instead of giving photos over to Facebook, Steves stated that with blockchain, people would instead share data like photosspecifically with people, maintaining the ability totrack it and make sure it is not shared with someone who gets access to their information. (See also: Bitcoin Will Become Worlds Single Currency: Dorsey. ) "You can 100% track all this stuff," said the RBC analyst. "I think that's where we're going long term." Steves noted that while blockchain would solve the transparency issue, allowing users to keep tabs on their data and how it gets shared, it would not solve the control issue, failing to prevent misuse in the first place. Steves expects cryptocurrencies and the underlying blockchain technology to skyrocket to a $10 trillion industry in the next 15 years, boosted by the prolif Continue reading >>

How The Media Biz Is Embracing Blockchain Technology Variety

How The Media Biz Is Embracing Blockchain Technology Variety

Jeremy Culver thinks hes found a secret weapon to bring his next movie to the masses: blockchain . No Postage Necessary , a romantic indie comedy coming this June, will be the first film to be to be released with the help of blockchain technology. Viewers will be able to buy the film through the blockchain-based video app Vevue , and pay for it with the apps digital currency. They need to just pay a token rather than dollars, says Culver, who directed the movie and co-produced it with actress Charleene Closshey. The release is just the latest sign of Hollywood warming up to blockchain. The technology is at the core of digital currencies like Bitcoin , and is being hailed as a way to decentralize all kinds of internet services and business models. No Postage Necessary will be the first movie to be released with the help of Blockchain technology. Culver readily admits that he wanted to be first in a space thats gotten everyones attention. But like others who have dabbled in blockchain tech, hes also gotten hooked, and truly believes that blockchain could be nothing short of a revolution. Its a pretty strong word, but its happening, he says. The world is changing. That change began in 2009, when a programmer going by the moniker of Satoshi Nakamoto invented blockchain as the technical underpinnings of a then-brand-new electronic currency called Bitcoin . In very basic terms, a blockchain is a secure, collaborative record of data, often also called a distributed ledger, which is maintained by a network of computers. In the case of Bitcoin, that ledger is used to keep track of all the electronics coins in circulation, as well as any Bitcoin transaction ever made. But blockchains can also be used as a public, verifiable record of contracts or other types of data. A number of Continue reading >>

Child Abuse Imagery Found Within Bitcoin's Blockchain

Child Abuse Imagery Found Within Bitcoin's Blockchain

Child abuse imagery found within bitcoin's blockchain Researchers discover illegal content within the distributed ledger, making possession of it potentially unlawful in many countries This especially endangers the multi-billion dollar markets powering cryptocurrencies such as bitcoin, RWTH Aachen University researchers said.Photograph: Chesnot/Getty Images German researchers have discovered unknown persons are using bitcoins blockchain to store and link to child abuse imagery, potentially putting the cryptocurrency in jeopardy. The blockchain is the open-source, distributed ledger that records every bitcoin transaction, but can also store small bits of non-financial data. This data is typically notes about the trade of bitcoin, recording what it was for or other metadata. But it can also be used to store links and files. Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoins blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services. Our analysis shows that certain content, eg, illegal pornography, can render the mere possession of a blockchain illegal, the researchers wrote . Although court rulings do not yet exist, legislative texts from countries such as Germany, the UK, or the USA suggest that illegal content such as [child abuse imagery] can make the blockchain illegal to possess for all users. This especially endangers the multi-billion dollar markets powering cryptocurrencies such as bitcoin. While the spending of bitcoin does not necessarily require a copy of the blockchain to facilitate, some processes, such as some mining techniques, require the downlo Continue reading >>

Blockchain Could Reshape Our World And The Far Right Is One Step Ahead

Blockchain Could Reshape Our World And The Far Right Is One Step Ahead

Alice Weidel is the co-leader of Alternative fr Deutschland.Photograph: Axel Schmidt/Reuters Attack of the 50 Foot Blockchain reads the title of a 2017 book. From currency speculation through to verifying the provenance of food, blockchain technology is eking out space in a vast range of fields. For most people, blockchain technologies are inseparable from bitcoin, the cryptocurrency that has been particularly visible in the news recently thanks to its hyper-volatility. Crypto-entrepreneurs have made and lost millions, and many people have parlayed their trading into a full-time job. But blockchain technology, which allows for immutable records of activities, stored on a ledger that is held not just in one place but massively distributed, has applications in every conceivable area in commerce and beyond. Soon, there will be blockchains everywhere that transactions happen. Blockchain: what is it and what does it mean for development? While the focus has so far been on currencies such as bitcoin, whats less well known is the large and growing community of blockchain developers and evangelists, many of whom believe that the technology could herald radical changes in the ways our economies and societies are structured. But theres a big question at the heart of that community: what might a world built with the help of blockchain technology look like? Unchain , a large bitcoin and blockchain convention based in Hamburg, seems to have a potential answer. Along with speakers from blockchain startups, cryptocurrency exchanges and a company that purports to offer privately managed cities as a business, the conference programme also features Alice Weidel, listed on the site as an economist and bitcoin entrepreneur. In fact, Weidel is the co-leader of Alternative fr Deutschland , Continue reading >>

Bitcoin, Blockchain And Private Industry: You Ain't Seen Nothing Yet

Bitcoin, Blockchain And Private Industry: You Ain't Seen Nothing Yet

Bitcoin, Blockchain And Private Industry: You Ain't Seen Nothing Yet Cryptocurrencies like Bitcoin have grabbed all the early attention, but the underlying blockchain software has potential to become an infrastructure-grade accounting tool. (Dennis Nishi) Bitcoin's meteoric rise has done more than make some daredevil investors rich overnight. It's also putblockchain the software technology enabling Bitcoin and other cryptocurrencies on a trajectory of its own. X A wave of venture capital investment is pouring into blockchain technology startups . Many of those early-stage ventures, as you might figure, are directly involved in Bitcoin or other cryptocurrencies , exchanges and trading platforms, or in the companies that "mine" computers for digital tokens. A growing number of blockchain startups, though, have nothing to do with Bitcoin or its peers. They aim to harness the technology for a long and growing list of other purposes in private industry. These begin with financial services, e-commerce, food safety and supply-chain management, but also include digital media, pharmaceuticals, cybersecurity and transportation so far. The list of big companies funding blockchain startups is also long: Alphabet's ( GOOGL ) Google, Citigroup ( C ), Goldman Sachs ( GS ) and Cisco Systems ( CSCO ) are just a few, saysresearch firm CB Insights. The momentum gathering behind blockchain isn't simply a matter of venture capital. Giant tech companies the likes of Microsoft ( MSFT ), IBM ( IBM ), Oracle ( ORCL ), Intel ( INTC ) and Accenture ( ACN ) are also jumping on the bandwagon. Early efforts include creating blockchain tools for cloud service offerings and taking part in consortiums developing blockchain offshoots for specific industries. What is blockchain? It is basically a shared Continue reading >>

Blockchain Technology

Blockchain Technology

NITI Aayog works on strategy to leverage blockchain technology Work underway for a project that is based on the idea of having a common blockchain infrastructure which will make use of the existing digital infrastructure. New technology companies, open source may red card big IT in India Open source platforms and new technology companies will not augur well for legacy business models of India's $167-billion IT industry. The government does not consider cryptocurrencies such as bitcoin as legal tender. VC firms wading in undaunted to invest in cryptocurrency, blockchain startups These investors are taking cues from a global wave that saw VC firms overseas put in more than $1 billion in cryptocurrency and related startups in 2017 alone. Naspers plans to use the capital to scale and consolidate its position in "core ecommerce segments" globally. NSE forms expert groups to bridge tech gap among mkt participants The main focus would be to reduce the gap between large, financially stronger tech-savvy and the smaller, tech-dependent, financially weaker market participants. India, Singapore can work on infra financing: Singapore minister Making this call, Ong Ye Kung, Minister for Education (Higher Education and Skills) noted that the Indian corporates have been tapping Singapore capital market. Bharatchain: The key digitisation pivot for improving India's public sector effectiveness With blockchain, institutions can streamline service delivery and improve data security; while for citizens it could enable easier, quicker and more secure access to public services. Blockchain can improve India's trade finance system: Report Banks in India should start conducting proof of concept with blockchain technology to get a deeper understanding of its likely implication in trade finance i Continue reading >>

5 Ways Blockchain Technology Will Change The Way We Do Business

5 Ways Blockchain Technology Will Change The Way We Do Business

5 Ways Blockchain Technology Will Change the Way We Do Business Cryptocurrency can take companies into previously untapped developing regions. Of course, it also can simplify commerce right here at home. Marketing Consultant, Writer at Quill Canvas Opinions expressed by Entrepreneur contributors are their own. Most of the media headlines on blockchain technology revolve around the outsized investment performance and extreme volatility of cryptocurrency. This trajectory closely resembled a roller coaster as Bitcoin gained 1,390 percentin 2017 (up as much as 1,935 percentwhen it hit a record high of $19,666 in mid-December) -- and then plummeted to a low of $5,950 in January 2018. By mid-February, it had settled around $8,400. The growing consensus among business leaders and entrepreneurs: The future of blockchain technology will be about a lot more than Bitcoin. Blockchain tech will impact every major area of businessfrom accounting to operations, and there's evidence the revolution has begun. What is it, and why is it so crucial to the future of business? Ablockchain is an electronically distributed ledger or list of entries --much like a stock ledger -- that various participants maintain viaa network of computers.Blockchains use cryptography to process and verify transactions on the ledger.Encryption and coding improve transparency, efficiency and trust in information-sharing. All of this has innovative companies rethinking their strategiesfor the digital age.Here are five ways blockchain technology isdisrupting the way we do business, with sometimes sweeping changes. Accounting is the textbook case study for a business field that stands to benefit from blockchain technology. The tax code is overwhelmingly complex,the challenges of managing business operations in far- Continue reading >>

Blockchain: Google Is Looking At How It Can Use The Technology

Blockchain: Google Is Looking At How It Can Use The Technology

"I think there is a lot of promise in things like that. Blockchain as a recording technology also has promise. It is super early for us to say whether they are going to become products just yet. We are actively looking at it. We don't have really any product announcements to make on this front." Google's parent company Alphabet is one of the most active investors in blockchain companies, according to a report published by CB Insights in October. It has investments in the Blockchain company itself, as well as in Ripple, a company that is working on money transfers using blockchain technology. Ramaswamy's comments come as advertising agency Truth announced it had run a programmatic media campaign enabled by blockchain, working with The Guardian newspaper, demand-side platform Avocet and ad tech company Sonobi. Ben Wilson Photography | Advertising Week Europe Sridhar Ramaswamy, Google's SVP ads and commerce (left) with Matt Brittin, its president, business and operations EMEA "We deploy(ed) a legally-binding contract to the blockchain that records all the fees, all of the suppliers that are allowed to be involved in this chain of events," said Oliver Southgate, the agency's chief technology officer, speaking at Advertising Week Europe on Tuesday. Southgate claimed that this is the first time blockchain had been used in a programmatically-bought ad campaign and that benefits include being able to see in near real-time whether advertising had been placed correctly. Fraud in digital advertising has been in the spotlight recently, because of the possibility that campaigns are seen or clicked on by bots rather than humans , and for being placed next to inappropriate content. Southgate said that advertisers would be able to see within 24 hours whether their ads had been placed Continue reading >>

Coindesk - Leader In Blockchain News.

Coindesk - Leader In Blockchain News.

David Marcus, vice president of messaging products at Facebook and ex-PayPal president, has joined the board of directors at Coinbase. The SECs analysis of DAO tokens being securities will have what sort of impact on token sales going forward? (select all that apply) Token sales will fall in quantity but rise in quality More token sales will start requiring accreditation More token sales will start excluding potential U.S. investors Investors will be more cautious and diligent on the token sales they invest in Exchanges will not list tokens as quickly and nonchalantly Venture capital funding will rise relative to token sale funding None of the above, token sales will continue similarly to how they have been I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>

What Are The Best News Sources About Blockchain Technology?

What Are The Best News Sources About Blockchain Technology?

What are the best news sources about blockchain technology? Blockchain News - Distributed Ledger Technology, ICO, Crowdfunding focuses more on Blockchain and what its doing outside of cryptocurrency world - such as finance, health, energy, music, video, supply chain, insurance etc. Theres over 600 articles, 200 pdf research papers in the library and scores of video. Its free. According to the research report, the global blockchain technology market was valued at US$315.9 mn in 2015 and is expected to reach US$20 bn by the end of 2024. During the forecast years of 2016 and 2024, the global market is expected to rise at a CAGR of 58.7%. Blockchain technology refers to a distributed database for all the digital transactions, which eliminates the need for the third party to authenticate the transactions. In recent years several consumers, institutions, and organizations are adopting blockchain technology as it not only reduces the transaction cost as it removes a point of verification but also speeds up the actual transaction process. Download PDF Brochure For More Information about Blockchain Technology Market News & Updates Analysts anticipate that the global blockchain technology market will witness a spike in demand as it is known to reduce the risks related to frauds and identity thefts. Citing this reason, financial institutions are exploring options of collaborating with blockchain startups as well as investing in their research and development projects. The proliferation of Internet of Things (IoT) across various industries is also expected to play a crucial part in the uptake of these technologies. Continue reading >>

Can Blockchain Technology Boost Beer? Anheuser-busch Thinks So

Can Blockchain Technology Boost Beer? Anheuser-busch Thinks So

Can Blockchain Technology Boost Beer? Anheuser-Busch Thinks So March 27, 2018, 03:04:00 PM EDT By Rich Duprey, Motley Fool If you've heard anything about blockchain technology, it's probably as the primary driver of growth in virtual currencies like bitcoin. You've also likely had your eyes glaze over trying to wrap your head around how it works. Well, Anheuser-Busch InBev (NYSE: BUD) has turned blockchain technology into something that's easy to understand: beer! Technically, the megabrewer isn't using the digital and decentralized ledger of data to make beer, but rather it's using the technology to get a bottle of suds into your hands more efficiently and cheaply. What Anheuser-Busch has done is prove that blockchain technology has the ability to smooth out an often cumbersome and Byzantine shipping process and save the industry hundreds of millions of dollars. Briefly, blockchain is -- in the words of my college Adam Levy -- "a distributed public ledger that uses cryptography to ensure the record is practically immutable." It's seen as a revolutionary currency alternative as it can't be held hostage by cybercriminals. Also, because there is no middleman, fees for transactions are generally smaller, and transactions can be processed faster. But blockchain is much more than just the foundation of a fanciful payments system. Companies and industries far removed from cryptocurrencies are using blockchain technology. IBM (NYSE: IBM) has been leading the way in blockchain-for-business in supply chains, food safety, and more; Amazon.com is offering blockchain solutions for Amazon Web Services, and Apple is exploring blockchain for secure timestamp technology.And now Anheuser-Busch is applying it to shipping and logistics. Together with a consortium of businesses including Continue reading >>

Google Moves To Develop Its Own Blockchain Technology | Digital Trends

Google Moves To Develop Its Own Blockchain Technology | Digital Trends

Posted on March 24, 2018 - 3:01PM 3.24.18 - 3:01PM Google is getting into the blockchain business by creating a line of blockchain-related technologies to work with its various online services. Blockchain technology is used to power cryptocurrencies such as Bitcoin, but Google isnt working on a new cryptocurrency. The company is currently working to create its own digital ledger that the company could internally use for a variety of purposes , such as helping to secure customers personal data, Bloomberg reported. Beyond internal use, Google is planning to distribute its ledger to third parties so that they can use them to post and verify transactions. Additionally, Google is planning on creating a white label version that other companies can use on their own servers. Many employees working within Googles infrastructure group have been working on blockchain technologies within the past few months. Google insiders such as these said that many within the company believe that the tech giants line of cloud services are a natural fit for blockchain technology, though Google is not ready to make any official announcements just yet. However, a company spokesperson did confirm that Google was investigating the tech. Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but its way too early for us to speculate about any possible uses or plans, a Google spokesperson told Bloomberg. The rise of blockchain technology provides both opportunities and challenges for industry leaders such as Google. On one hand, when properly leveraged, the tech could provide Google with a more secure way of storing user data, which could be a boon for the company and its customers alike. The downside is that the rise of this new technology has made it Continue reading >>

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