Bitcoin Blockchain 

Why Canada is Much Blockchain-Friendly than the U.S. Explained By CEO Bitcoin Mutual Fund

Canada has set the pace as the first government to ever approve an exclusive bitcoin mutual fund. This builds upon its reputation as a friendly environment for emerging technologies. The atmosphere in Canada seems to be freer and more conducive to innovation in this field, based on the numerous developments that the industry has experienced even prior to this time. This is in comparison to its prominent neighbour, the United States, whose Securities and Exchange Commission (SEC) upholds strict measures while trying to figure out appropriate regulatory systems for the…

Read More
Ethereum blockchain-crypt Bitcoin Blockchain 

New Ethereum Blockchain of Microsoft’s Product Will Gets Rid of Mining

Announced on Tuesday, Ethereum Proof-of-Authority on Azure allows enterprises to build applications on an Ethereum blockchain that is not secured by a Proof-of-Work (PoW) consensus algorithm and consequently does not require mining features that are better suited for networks in which participants do not trust one another. Software giant Microsoft has debuted a new Blockchain as a Service product that allows businesses across industry verticals to deploy a flexible instance of Ethereum tailored specifically for enterprise environments. PoW “works great in anonymous, open networks where cryptocurrency promotes security on the network,”…

Read More
Blockchain Technology Can Preserve-Cryptoworld-News Blockchain 

Blockchain Technology Can Preserve UK £8 Billion : British MP

Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust. In a cryptoworld news report issued today entitled ‘Unlocking Blockchain,’ MP Hughes made a number of other recommendations including an international blockchain competition to encourage talented blockchain developers and proposed a UK blockchain developmental target described as “a longterm aim for government departments to make a 1 percent efficiency by embracing blockchain and other associated technologies.” The 1 percent saving would…

Read More
Blockchain 

Energetic Blockchain Initiatives in Use? Logistics is Overtaking Finance

Manufacturing has so fallen behind in the understanding blockchain, however, they’re a lot of quicker to maneuver after they begin. several foreseen that finance would be among the primary innovators in the blockchain. it’s not lacking in finance because it is in industries like producing, predicting we’ll see finance comes finished 1st. as an instance, a team of Saint-Gobain, a producing large set in sixty-seven countries, recently met with consultants from Blockchain Driven during associate degree Innovation session to be told additional regarding blockchain and its applications across numerous verticals,…

Read More
Blockchain 

Tencent and Alibaba’s Insurance Giant Is Using Blockchain With 100 Hospitals

ZhongAn, a Chinese insurance giant that provides infrastructure to 10 local insurers, stated that it has recently partnered with more than 100 hospitals to utilise blockchain technology in securely processing patient data and financial information. Significance of the Deal The insurance and healthcare industries are extensively intertwined and dependent on each other. In most regions, healthcare service providers and hospitals are required to communicate with the insurance companies of each of their customers to ensure all patients receive fair and transparent insurance coverage. In countries like South Korea, every citizen…

Read More
Blockchain 

Blockchain Rewards Program for Flyers Launches By Cathay Pacific

Hong Kong flag carrier and airline giant Cathay Pacific joins a growing list of airline operators exploring applications of blockchain technology. In launching its first application of blockchain technology, the Cathay Pacific Group will issue air miles to customers over a single distributed ledger that will enable customers, the airlines’ partners and the airline manage member rewards in real-time. Cathay Pacific’s blockchain rollout will first power a new mobile application and platform, developed by technology partner Accenture, dubbed ‘Unlock More Miles’. The marketing campaign ties in with a dining promotion…

Read More
Blockchain 

LG Subsidiary Launches Enterprise Blockchain Platform ‘Monachain’

The IT subsidiary of electronics giant LG has launched its enterprise blockchain platform that can be applied in a number of sectors including finance and manufacturing. Dubbed ‘Monachain’ by LG CNS, the in-house enterprise blockchain platform will reportedly focus its applicability in digital authentication, digital supply chain management, and digital currency, according to a Korea Times report. Curiously, Monachain also enables participants to create their own digital currency wallets, a feature that can see local governments issue local currency and welfare payments to end users on a blockchain LG CNS…

Read More
Blockchain 

Facebook Taps Coinbase Board Member to Lead Blockchain Initiative

David Marcus will be leaving his leadership role at Messenger to oversee a new Facebook team focused on blockchain technology, according to Recode. The team, which will reportedly have less than a few dozen employees, will include James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice president of product. Stan Chudnovsky, who oversees product at Messenger, will assume Marcus’ former role. Marcus, former president of PayPal, brings payments expertise. He has also overseen major changes at Messenger, including the decision to separate Messenger from the core…

Read More
Blockchain 

‘Pixie Dust’: Anti-Crypto ‘Expert’ Tells British Govt. Blockchain Is Just a Fad

On Tuesday, a director of a leading think tank stood before the British Parliament’s Treasury Select Committee and called out blockchain technology as “magic wand, pixie-dust things” that is a “fad” and “a distraction from looking at getting some of the basics rights” in the banking industry. Martin Walker, the director for the non-profit Center for Evidence-Based Management (CEBMa) was giving evidence on digital currencies and blockchain to the room full of British MPs following the submission of written evidence to the House of Commons Treasury Committee on April 12….

Read More