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BLOCKCHAIN TECHNOLOGY

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Malaysia’s Ministry of Education (MoE) has launched a platform to utilize blockchain technology in tackling the incidence of fake degree certificates in its education system. In its official announcement, the Ministry stated it was collaborating with six (6) Malaysian universities to launch a blockchain-based platform for the issuance and verification of university degrees. The blockchain-based degree verification platform called E-Scroll, was necessitated by the current proliferation of fake degrees and ease of obtaining falsified academic…

Cannabis- Canada-based crypto and blockchain company, DMG Blockchain Solutions Inc. has made public its development of a global supply-chain management platform based on blockchain technology for the now legal cannabis industry. This proposed launch comes on the heels of the official legalization of recreational marijuana and weed related products on 17th October 2018 by the Canadian Government. Cannabis/Marijuana had before now, been only permissible for medicinal uses within the country. Canada has by this feat become…

Microsoft, one of the world’s top tech and IT companies looks set to introduce new innovations hinged on Blockchain Technology. The proposed concepts are built on the foundation of Decentralized Identifiers (DID) through the World Wide Web. Decentralized identifiers help protect customer’s digital assets by granting them independence of operation and express ownership of their accounts devoid of company or government interference. DIDs aim at greater privacy and security for users. Unlike the current systems,…

Binance Uganda – Binance, a major international cryptocurrency exchange and the largest by trading volume of about $1.8 billion daily, has announced the launch of its fiat-to-crypto exchange situated in Uganda. The exchange (Binance Uganda) is a subsidiary of the company and its first fiat-to-crypto exchange. The new exchange boasts of a capacity to process an average 1.4 million transactions per second hence one of the fastest globally. Prior to this official launch, Binance Uganda had already…

Lightning Network- Technological advancement has overtime formed the core of all key spheres, with a constant upgrade of existing technology to portray new findings, address flaws or lags and incorporate new features all aimed at providing end users maximum utility through adoption. An Insight The cryptocurrency sphere has in recent times seen lots of technological upgrades with emerging products across niches amid calls for improved services by investors, developers, miners and end users. Most paramount herein…

Twitter CEO Jack Dorsey had during a recent Congressional committee hearing stated that the social media company could utilize Blockchain technology and solutions to help fight scams on its platform. The congress which was focused on issues from user privacy protections, misinformation, content moderation and alleged political bias against conservatives on twitter; had a host of social media heads and publication media in attendance. Mr Dorsey who had earlier in the year expressed his optimism…

New York based technology giant IBM has expressed resounding confidence in blockchain technology. With over 100 years dealing in the technological space; IBM believes there exists a range of untapped potential in this technology as they look to properly harness and explore its unique features. The blockchain which has been subject to deliberations, testing and utility by multiple companies in recent years, involves a tamper-proof of distributed ledger database synchronized across a network of computers…