Category: Blockchain

Smart Dubai close to rolling out 20 blockchain-based services. Smart City, the Dubai Government agency entrusted with making Dubai the world’s happiest and smartest city, said it was close to rolling out 20 blockchain applications in a number of civic agencies including the Roads and Transport Authority in order to bring greater efficiency. “Blockchain will improve people’s experience,” Aisha Bint Buti bin Bisher, the director general of Smart Dubai, told The National on the sidelines of Unlock Blockchain Forum on Sunday. “The applications are in various fields, some of them…

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Moldova expects to benefit from blockchain innovation through the recently launched blockchain-dedicated group Digital & Distributed Technology Moldova Association. Moldova is looking to benefit from the blockchain technology, the key driving force being the Digital & Distributed Technology Moldova Association (DTMA). With support from peers abroad, local tech specialists recently launched this blockchain-oriented group in the tiny Eastern European country, which borders Romania and Ukraine. Given that Moldova is the poorest country in Europe with an annual GDP per capita of around $2,200, blockchain could provide several use cases to…

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Earlier this year, Ethereum co-founder Vitalik Buterin and Lightning co-author Joseph Poon announced Plasma, a second-layer scaling infrastructure for the Ethereum protocol. In a recent blog post, the development team behind Bankex, an Ethereum-based open-source digital asset exchange, noted that the implementation of Plasma could reduce the congestion of the Ethereum blockchain network which continues to increase the fees of Ether transactions. Currently, as the most popular and widely utilized decentralized application, CryptoKitties accounts for approximately 20 percent of the Ethereum network’s daily transaction volume. An application like CryptoKitties which…

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The controversial SegWit2x Bitcoin (BTC) hard fork will go ahead on Dec. 28, according to the project’s official website. The SegWit2x project, which caused months of debate and infighting among the Bitcoin community prior to its last-minute cancellation in November, now says it will fork off at block 501451, due in around two days’ time. The project’s Founder and Lead Developer, Jaap Terlouw, stated on their site that the fork aims to address issues of “commission and transaction speed within the Bitcoin network,” adding that currently, Bitcoin is “almost impossible…

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A sweeping government-backed blockchain pilot application to record and track shipping logistics and documents related to import/exports has proven successful in South Korea. Samsung SDS, the IT subsidiary and technology provider of Samsung (Korea’s largest conglomerate), has successfully concluded a 7-month pilot of the application of blockchain technology to actual logistics locations in Korea’s shipping industry. As reported by CCN in May, Samsung SDS commenced the pilot alongside the launch of a blockchain consortium comprising of Korea’s shipping logistics companies, state-run research centers, government authorities like Korea’s Customs Service and…

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SHIPPING FUTURES UPS announced that they will join the Blockchain in Transport Alliance (BiTA), a group dedicated to utilizing blockchain tech in the trucking industry to secure data transfers and speed up transactions. In the U.S., our reliance on the shipping industry has grown tremendously with the increasing popularity of ordering items online instead of shopping in-store. In 2015, freight and logistics was nearly a $1.5 trillion industry, and that number is only expected to go up. But while we may be relying more and more on the shipping industry,…

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XRP consistently handles 1,500 transactions per second, 24×7, and can scale to handle the same throughput as Visa (Source: 50,000 transactions per second, as of July 15, 2017). $XRP sets the standard for scalability at 1,500 transactions per second. #XRPtheStandard #undisputed pic.twitter.com/gNihfiPZ3E — Ripple (@Ripple) December 21, 2017 取引の処理時間は3.36秒 #undisputed #XRPthestandard $XRP pic.twitter.com/lnqAftGCVy — Ripple (@Ripple) December 22, 2017

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Purchase of IOTA tokens to support creation of new business models for the Internet of Things – Bosch is one of the pioneers actively driving the adoption of Distributed Ledger Technology in the automotive and Internet of Things industry – In buying IOTA tokens RBVC has made a strategic move in this enabling technology Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has purchased a significant amount of IOTA tokens, one of the largest cryptocurrencies in the world. In doing so it hopes…

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BitGo, a blockchain technology company, closed a $42.5 million fundraising round. The company, which provides technology for institutional investors to dive into the cryptocurrency market, said the fundraise took just 2 weeks. BitGo, a US-based blockchain technology company, raised $42.5 million in a Series B fundraising round, the company announced Monday. BitGo, which is headquartered in Palo Alto, California, said it will use the money to expand its business outside the US to help more companies dive into the nascent digital coin market. Hedge funds and other institutional investors leverage…

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