Tag

blockchain

Browsing

JD.com, one of China’s largest online shopping destinations, has officially launched one of its biggest blockchain projects which will be used by Pacific Insurance to help track and record invoices. With Pacific Insurance being a publicly traded insurance company, the blockchain service developed by JD.com. JD.com remains one of the market leaders in the online commerce scene. Compared to Amazon, the company accounts for Billions of Dollars worth of sales in China with satellite sites…

The Jamaica Stock Exchange (JSE) announced today readiness to introduce to its clients tradeable assets based on cryptocurrencies by the end of the year. In its statement, JSE informed the public that it had signed a memorandum of understanding (MoU) with Toronto based Blockchain Company Blockstation after six months of due deliberations. Blockstation will serve as the institution’s blockchain technology choice partner for trading digital assets, with the JSE  set to build a crypto-assets trading…

In approximately two years ( 649 days, specifically May 27 2020 and if huge swings in mining hash rate do not occur), the coin reward for mining a new Bitcoin block on the blockchain will be halved that is, reduced by 50%. This represents a drop from 12.5 to 6.25 BTC per block in May 2020. Bitcoin halving as a fixed event usually occurs after every 210,000 blocks are mined or confirmed on the blockchain…

As more insights gather in relation to social media giant, Facebook’s sojourn in blockchain technology, its intent has been given more fuss with the resignation of renowned Coinbase Board member David Marcus to take up a full time role as Head of Facebook’s Blockchain Operations. Mr Marcus known for his pedigree having worked for top notch organisations; had before now held simultaneously both roles at Coinbase and Facebook. Also previously headed Facebook’s messenger team with…

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…

The International Bank for Reconstruction and Development commonly known as World Bank has liaised with the Commonwealth Bank of Australia (CBA) to launch the world’s first public blockchain bond. The bond termed bond-i (acronym for Blockchain Offered New Debt Instrument) is named in reference to Bondi Beach, an iconic spot in Australia’s city of Sydney. According to sources, the instituted bond is the first of its kind to be created, allocated and managed using blockchain…

Walmart has officially outlined plans for a patent named the  “Delivery Reservation Apparatus and Method” based on blockchain technology. The method outlined, will allow the company to fulfill customer deliveries in the absence of a receiver. As seen below, the service will make use of blockchain to allow adaptation for a number of scenarios. “Each space on the docking station has a corresponding capacity unit for each location on the docking station. The transactions for…

We have discussed the threat of 51% attacks before, but the vision of it being pointed against the likes of Bitcoin was deemed a myth. Due to the immense size of the bitcoin blockchain, some considered it immune from falling victim to the attack. In recent times, Bitmain, considered one of the biggest mining corporations on the planet, has emerged as a potential threat. Having accumulated close to 42% of the total mining power, the…

The Korean Federation of Banks has announced that it will be making use of a in-house blockchain based verification system to handle customer ID checks. Developed alongside the Samsung SDS corporation, the BankSign technology is ripe for release amid successful testing since April. The repeal of the Digital Signature Act has allowed banks to adopt blockchain technology to serve customers. BankSign is the first project co-developed by the local banking sector utilizing blockchain technology. -KFB…

The possibility of a 51% attack has become a frightening reality with the profitability of such attacks attracting criminals, these events have occurred more frequently than ever predicted. Including Verge and Bitcoin Gold, big names have fallen prey to multi million dollar thefts. The Basics : To double spend, a criminal simply needs to accumulate 51% of the network hash rate. The hash rate is simply a measure of speed given to equipment as its…