Blockchain technology is a type of distributed ledger that consists of blocks of information that are linked together in an encrypted chain of transactions. It allows for a highly secure form of surveillance and also has the potential to power brand new applications, platforms, and business models entirely.
The financial services company – Paypal believes that it is not the right time to declare bitcoin as the future of payments. However, the firm is undertaking blockchain projects and “doesn’t want to miss out this opportunity” Undoubtedly, the advent of bitcoin has taken the entire world by storm. Particularly,...
One of the major players of the so-called Big Three Credit Rating Agencies – Moody’s Investor Services has warned the corporate industry of risks involved in private or centralized Blockchain. Amidst the rapid adoption of blockchain , the rating company highlights on the potential impact of this technology on structured finance...
The Chinese capital city Beijing is bringing the new age technology like Blockchain and AI to the courtrooms to settle the legal cases as reported on local media outlet – GlobalTimes Modern technologies are penetrating every corner of human life and justice department is not new to it. On the same...
Technion, an Israeli University has sued its senior faculty member for establishing a zero-knowledge proof technology company and making use of knowledge while working at the institute. Thereby violating the intellectual property of the university. As reported on local media the Prof. Eli Ben-Sasson has been filed with a civil...
The government of India has come up with an intuitive plan of using blockchain based marketplace for coffee trading in the country. Essentially, the decentralized nature of blockchain eliminates the role of middlemen and aids both buyers, sellers to get fair and market value price for their product. In fact,...
The prominent figure in IT world, Facebook CEO – Mark Zuckerberg recently made comments on how blockchain based authentication system for user data can eliminate usage of the third-party systems. In an interview with Harvard Law professor Jonathan Zittrain on Feb. 20, Zuckerberg quoted that use case involving a blockchain system...
