Chinese Government Orders Faster Blockchain Development, Urgently Seeking Results

The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: “To build a regional equity market in Guangdong, according to the opening up

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Op-ed | GDPR and Blockchain: How the US’ Lack of Preparation Could Swing the Balance of Power to Europe

This op-ed on GDPR and blockchain was written by Robert Chu — CEO of Embleema, the patient-driven healthcare blockchain, and Former SVP at IMS Health (Now IQVIA) — and Alexis Normand, former Head of B2B of Nokia Digital Health Internet privacy advocates are surely disappointed by Mark Zuckerberg’s mid-April performance in front of the US

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No Blockchain Network is Remotely Close to Ethereum, Says Golem CEO

Zulian Zawistowski, the CEO of Golem, a smart contracts-based decentralized supercomputer, stated that Ethereum is the most promising blockchain platform in the global cryptocurrency sector and no other blockchain protocol comes remotely close to Ethereum’s potential and applicability. Ethereum’s Advanced and Sophisticated Platform Golem, the 47th largest cryptocurrency with a $387 million market valuation, which

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Op-ed: China Ranked [51% Attack] Verge and Bitcoin at #13 in Blockchain List

On May 22, CCN reported that Verge (XVG), a privacy-focused cryptocurrency, fell victim to yet another 51 percent attack. Altcoin mining pool operator Suprnova revealed that an individual or an organization has invalidated legitimate blocks. Verge Attack “Verge is once again under attack, someone is 51%’ing the chain and invalidating all legit blocks. All pools

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Walmart Files Patent for Blockchain-based Digital Marketplace

A recently released filing by the U.S. Patent and Trademark Office (USPTO) outlines a blockchain-based framework that Walmart has envisioned as part of its efforts to expand its digital services for retail shoppers. Walmart’s Blockchain Push Filed in 2017 and granted on May 17, 2018, the document is an example of Walmart’s push to embrace digital

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Prestigious London College Terminates Ties With IOTA Foundation Due to Legal Threats

University College London, better known as UCL has officially terminated its ties with the IOTA Foundation as a response to the legal threats made by IOTA foundation against cybersecurity researchers. Patrick McCorry, a security researcher at UCL’s Initiative for CryptoCurrencies and Contracts, revealed the official statement from UCL which emphasized researchers should not fall victim

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Op-ed: Blockchain and AI Combine to Power Modern Technological Advancement

Presently, there is an increased pace in the areas of technological development when compared to the progress achieved over the last couple of decades. This exponential increase springs off the dashboard of the internet and the numerous millennial technologies that are being built on top of it. These emerging developments are leading us to a

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China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at #13

On May 17, China’s Ministry of Industry and Information Technology released its public blockchain ratings, ranking various blockchain projects like Ethereum in the global cryptocurrency sector based on three criteria: technology, application, and innovation. Bitcoin at #13 As shown in the chart below, the Chinese government ranked Ethereum as the world’s best blockchain network at

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FedEx is Testing Blockchain Tech for Critical Cargo Shipments

FedEx is sure that blockchain technology will revolutionize the logistics industry, and they don’t want to be left behind. The logistics giant is actively testing ways to use blockchain to track high-cost, mission-critical cargo. In a growing trend of companies researching blockchain tech for business uses, FedEx joins the joins others like Samsung in supply

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HSBC Completes World’s First Blockchain Trade Finance Transaction

Financial services group HSBC said on Monday it had for the first time utilised blockchain technology to complete a speedy commercial trade finance transaction that normally takes around a week using normal paper-based processing mediums. The transaction was the first time that a blockchain – the technology which powers cryptocurrencies such as bitcoin – has

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