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.
Inlock recently launched a blockchain-based platform for lending to the cryptocurrency holders. It will be using the distributed ledger technology. Moreover, the platform will allow the licensed lenders to look into the borrowers. Basically, the cryptocurrency Holdings will be used as collateral. As a result, it offers secured lending options....
IBM has tied up with CLS in order to launch a store based on the blockchain technology. It will specifically provide applications for banks. The companies are already launching a proof of concept which is being used by 9 different financial institutions. The proof of concept will involve services from...
The Indian state of Telangana plans to use blockchain technology in a big way. Recently, it signed a pact with various blockchain firms. The aim is to digitize the governance. Moreover, it is planning to digitize the government applications with the help of blockchain technology. Some of the government officials...
NITI Aayog is planning to use the blockchain technology in order to keep track of the medicines which are being sold in India. This will ensure that the fake drugs are not a problem as well. The Indian government has already hired Oracle in order to create a pilot project...
Most of the industries in the world are adapting to the blockchain technology, And today we see the airline industry is also using blockchain. A loyalty wallet has been launched by Singapore Airlines, This wallet is based on blockchain technology. According to SingaporeAir Blog, The Loyalty Wallet is called KrisPay....
Authorities all over the world are trying to decipher the usage of blockchain technology. In this quest, Northern Indian state Uttar Pradesh (UP) can actually become the 1st state in order to use blockchain to completely secure the data. It is already using it for the Revenue Department. In the...
