Blockchain is a system for storing information in such a way that it is difficult or impossible to edit, hack, or trick the system. A blockchain is essentially a digital ledger of transactions that is replicated and distributed across the blockchain’s complete network of computer systems.
Changpeng Zhao (CZ), the founder of Binance, questioned why banks should be afraid of blockchain or need protection from the technology. He argued that blockchain offers a faster, cheaper and easier-to-verify way to transfer value, while remaining an open technology that banks can also use. His comments point to a ...
Read moreDetailsThe New York Stock Exchange is moving further into blockchain-based market infrastructure, with President Lynn Martin saying the exchange is developing a platform for on-chain settlement of tokenized securities. The announcement comes as traditional market infrastructure firms increasingly test whether blockchain can handle parts of the stock market without sacrificing ...
Read moreDetailsBNY is preparing to launch a blockchain-based digital transfer agency that will record fund transactions and ownership alongside its existing systems. The initiative will initially cover about $8.6 trillion in assets across 7.6 million investor accounts, with Baillie Gifford, BlackRock and BNY's Dreyfus business expected to be among the first ...
Read moreDetailsA South Korean blockchain consortium has completed a proof-of-concept (PoC) with BNK Busan Bank to test a blockchain-based payment and settlement system for digital local currencies, another step in the country's efforts to modernize public payments. The project was carried out by K-STAR, a digital currency technology alliance that includes ...
Read moreDetailsNetX Network has launched Phase One of its blockchain, beginning a staged rollout aimed at artificial intelligence applications, enterprise services, and digital payments. The first phase introduces the network’s core infrastructure and NetXScan, its blockchain explorer. The project said the rollout will take place across multiple stages as it develops ...
Read moreDetailsCommodity tokenization is the process of representing physical commodities like gold, oil, natural gas, agricultural products, or industrial metals as digital tokens on a blockchain. These tokens are designed to reflect ownership or economic exposure to the underlying asset, allowing commodities to be traded, transferred, and integrated into digital financial ...
Read moreDetailsQuick Breakdown Public ledgers, analytics tools, and KYC-compliant exchanges help authorities and platforms trace transactions, detect suspicious activity, and combat money laundering more effectively. However, too much monitoring, strict identity checks, and extra controls can reduce financial privacy, limit open access, threaten decentralization, and make it harder for new crypto ...
Read moreDetailsThe Association for Blockchain and Artificial Intelligence (ABAI) has signed a memorandum of understanding with SignSplit Science to explore how blockchain and AI can be used to protect and manage scientific research data. UAE Group Signs Deal. Source: SignSplit Blockchain system aims to secure and manage research data The agreement, ...
Read moreDetailsIn July 1944, while World War II was still raging, delegates from 44 nations gathered in New Hampshire, United States, to design a new international monetary system. The world was broken, and Europe was physically destroyed. Trade had collapsed, trust between nations was fragile, and leaders knew that if they ...
Read moreDetailsMental health care is changing fast, with some people now turning to AI therapy instead of human counsellors. These are apps or chatbots that use artificial intelligence to talk with users, offer support, and suggest ways to feel better. A popular example is Woebot, an AI chatbot that helps people ...
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