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.
The Nigerian government has announced a national blockchain policy aimed at promoting the development of a blockchain-based economy that enables secure transactions, data sharing, and value exchange among individuals, companies, and the government. This move is expected to benefit the country's public and private sectors and foster innovation, trust, growth, ...
The Santa Cruz County Board of Supervisors in Northern California has voted unanimously to use blockchain technology to improve government operations. The county will implement a digital wallet powered by HUMBL to store and exchange official documentation and government services. This decision was made at the meeting held on April ...
The World Economic Forum (WEF) has published a white paper discussing the potential benefits of blockchain technology in the global fight against climate change. The paper highlighted the four key areas where blockchain could be particularly valuable to the experts and enthusiasts working on climate change. We've just published a World ...
China has taken an active interest in fostering its fintech industry and promoting blockchain technology, despite its negative stance on cryptocurrencies. The Ministry of Industry and Information Technology, which oversees the Chinese fintech industry, announced plans to enhance its blockchain technology standards by 2025 on March 28, 2023. In a ...
Imagine if you could skip the headache of dealing with complicated property purchases and endless paperwork by just clicking a few buttons. Or picture this: sending money across borders in real-time, without those annoying 5-11% extra charges and the agonizing wait of up to 10 days that old-fashioned financial systems ...
Introduction When people live and work together in groups, they often need to establish guidelines and a shared sense of responsibility, known as a "consensus." This consensus represents a set of agreed-upon rules or principles that guide the group's actions and decision-making process. Without consensus, it becomes difficult to reach ...
Cardano is currently ranked 18th among blockchain ecosystems in terms of total value locked (TVL) in DeFi. While this position might not be the most eye-catching, it's important to note that Cardano boasts a substantial on-chain activity within its ecosystem, with a TVL of $144 million. Since its introduction in ...
Blockchain operates similarly to the internet, with interconnected computers called nodes that store and independently verify shared data. It is simply a distributed ledger of records that cannot be altered across computers in a network. Blockchain has three key attributes: immutability, decentralization, and transparency. Data stored on the blockchain is ...
When the term ‘internet’ made waves in the 1990s, it seemed like a mystery to many. But look where we are now; virtually everyone has access to it. Can the same be said for blockchain technology? Though this technology has been around for slightly over a decade, the concept still ...
