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.
Blockchain technology is not just a tool for financial services, according to Chris Dixon, a partner at Andreessen Horowitz. He believes it is here to stay. In a recent interview on CNBC, Dixon described blockchain as an expansive technology with the potential to change how we build and interact with ...
Circle Internet Financial, the issuer of the widely-used USD-Coin (USDC), has highlighted the significant role of USDC in facilitating Asia settlements in its latest State of the USDC Economy report. Since its introduction in 2018, the stablecoin has emerged as a preferred choice for Asia remittances, facilitating transactions totaling over ...
With its decentralized and tamper-proof nature, blockchain technology is shaping up to be a robust data storage and management option in our increasingly digital world. Similarly, the Internet of Things (IoT), which can be described as a vast network of interconnected devices and sensors, has introduced unprecedented possibilities for data ...
Cryptocurrencies have become a permanent fixture in the global financial landscape. Crypto near-instant settlements via blockchain technology has revolutionized payments and value exchange in ways that were only imaginations before now. However, this innovation has come at a cost. Malicious actors are increasingly targeting crypto projects and platforms to capitalize ...
JPMorgan is making significant strides in its efforts to integrate blockchain technology into traditional banking systems. According to a Bloomberg report on June 23, 2023, the American financial institution has successfully expanded the capabilities of JPM Coin, its blockchain-based payment token, to enable its business clients to conduct financial transactions ...
The U.S. House of Representatives Subcommittee on Innovation, Data, and Commerce of the Energy and Commerce Committee held a hearing on June 7, 2023, to discuss the future of Web3 and blockchain technology in the country. Prominent figures from the industry, including Ryan Wyatt, president of Polygon Labs, and representatives ...
A senior government official representing the Reserve Bank of India (RBI) has advocated for banks' adoption of blockchain and artificial intelligence (AI) technologies to ensure sustainable growth and stability. Governance in Banks: Driving Sustainable Growth and Stability - Speech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of ...
Aleph Zero, a zero-knowledge privacy blockchain platform, has announced its partnership with the University of Nicosia (UNIC). The partnership aims to proffer solutions to the pressing issues in the blockchain ecosystem and advance blockchain adoption through education and research. The collaboration between Aleph Zero and the University of Nicosia revolves ...
According to a recent interview with officials from European airlines Lufthansa and Eurowings, travel companies are embracing Web3 technologies to propel the industry forward. Lufthansa and Eurowings are among the early adopters of the Camino Network, a blockchain platform specifically designed for the travel industry. The Camino Network blockchain and ...
China has inaugurated the National Blockchain Technology Innovation Center in Beijing to train more than 500,000 professionals in distributed ledger technology (DLT). Led by the Beijing Academy of Blockchain and Edge Computing, the center will collaborate with local universities, think tanks, and blockchain businesses to advance the technology in China. ...
