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Blockchain Revolution Series

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A block chain or blockchain is a permissionless distributed database that maintains a continuously-growing list of transaction records hardened against tampering and revision. It consists of blocks, holding batches of individual transactions. Each block contains a timestamp and an information linking it to a previous block. The block chain is seen as the main technical innovation of bitcoin, where it serves as the decentralized public ledger of all bitcoin transactions. This original design has been the inspiration for other cryptocurrencies and distributed databases. In this series, we cover latest development stories related to blockchain and its applications around the world.

Blockchain Revolution Series

UNICEF Ventures to test Ethereum smart contracts for online asset transfer

Aug 08, 2017 06:17 am UTC| Digital Currency

UNICEF Ventures, a branch of the United Nations International Childrens Emergency Fund (UNICEF) focused on innovation, is testing Ethereum-based smart contracts as a tool for improved efficiency, transparency and...

Blockchain Revolution Series

Thailand’s Kasikornbank, IBM develop blockchain-based Letter of Guarantee network

Aug 08, 2017 05:35 am UTC| Digital Currency

Thailands leading bank Kasikornbank (or KBank), in collaboration with IBM, has developed a new enterprise Letter of Guarantee network based on IBM Blockchain. By simplifying and expediting procedures for KBanks Letter...

Blockchain Revolution Series

Eleven banks tap R3’s Corda to develop blockchain-based trade finance app

Aug 07, 2017 09:51 am UTC| Digital Currency

Eleven leading banks have collaboratively developed a trade finance application on R3s distributed ledger platform Corda that incorporates shippers and carriers. Commercial letters of credit still account for 38% of the...

Blockchain Revolution Series

Indian banking giant ICICI’s blockchain expert quits to join HashCash Consultants

Aug 07, 2017 07:05 am UTC| Digital Currency

Leading Indian private bank ICICIs blockchain expert Raj Chowdhury has quit the bank to join HashCash Consultants, a blockchain startup headquartered in California with offices in Mumbai and Kolkata, as Managing...

Blockchain Revolution Series

Rivetz teams up with Parity Technologies to increase cyber security on blockchain

Aug 07, 2017 06:32 am UTC| Digital Currency

Rivetz Intl., a newly formed subsidiary of Rivetz Corp., has entered into an advisory agreement with Parity Technologies, a blockchain core technology company, to improve cyber security on the blockchain. Under this...

Blockchain Revolution Series

Everex launches blockchain initiative for women’s financial inclusion

Aug 07, 2017 05:26 am UTC| Digital Currency

Everex, a blockchain company developing Ethereum applications, has announced that it has established the Inclusive Finance for Women MSMEs Through Blockchain Initiative. The company believes that blockchain technology...

Blockchain Revolution Series

Groupe Média TFO launches blockchain project to credit content creators

Aug 07, 2017 04:14 am UTC| Digital Currency

Groupe Média TFO, with support from the Canadian Media Fund, has announced that it is developing a blockchain prototype, aimed at crediting the rights of audiovisual works creators. The initiative Blockchain TFO,...

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Economy

Wall Street Analysts Weigh in on Latest NFP Data

Wall Street analysts are closely analyzing the latest Non-Farm Payrolls (NFP) data, which offers crucial insights into the U.S. labor market. The report revealed a robust job creation figure, exceeding economists...

Bank of America Signals End to Fed Rate Cuts Amid Robust Job Market

Bank of America (BofA) has revised its forecast, stating the Federal Reserves rate-cutting cycle has concluded. This shift follows a stronger-than-expected December jobs report, which revealed a substantial payroll...

Stocks Slide as Strong Jobs Report Sparks Fed Rate Pause Concerns

The SP 500 plunged 1.6% on Friday after a stronger-than-expected December jobs report heightened fears of a prolonged Federal Reserve rate pause. The Dow Jones dropped 707 points (1.7%), while the NASDAQ Composite also...

EU Probes Musk's X Over Talk With AfD Leader Amid Election Concerns

Elon Musks planned discussion with Alice Weidel, leader of Germanys far-right Alternative for Germany (AfD) party, on his platform X is under scrutiny by the European Commission. This comes ahead of Germanys upcoming...

BlackRock Seeks FDIC Oversight Deadline Extension to March

BlackRock, the worlds largest asset manager, is requesting an extension on the Federal Deposit Insurance Corporation (FDIC) oversight deadline to March. The move comes as the company navigates regulatory complexities tied...

Politics

Biden Calls for Enhanced Cybersecurity to Counter Escalating Threats

President Joe Biden is introducing an executive order to strengthen cybersecurity standards for federal agencies and contractors, targeting vulnerabilities exposed by recent cyberattacks linked to China. The order,...

Liberal Party Seeks Trudeau's Replacement as Leadership Race Heats Up

Canadas Liberal Party is in search of a new leader following Prime Minister Justin Trudeaus announcement to step down. The winner will be revealed on March 9. Top contenders include prominent figures with extensive...

Japan’s Foreign Minister to Attend Trump’s Inauguration

Japanese Foreign Minister Takeshi Iwaya is set to attend Donald Trumps January 20 inauguration for his second term as U.S. president, marking a historic first for a Japanese cabinet member. According to Japans Nikkei...

Biden Extends Deportation Relief for 900,000 Immigrants Ahead of Trump's Return

President Joe Bidens administration has renewed deportation protections for 900,000 immigrants from Venezuela, El Salvador, Ukraine, and Sudan through the Temporary Protected Status (TPS) program. This move extends their...

Maduro Sworn in for Controversial Third Term Amid Election Dispute

Venezuelan President Nicolas Maduro, in power since 2013, was inaugurated for a third term despite an ongoing election dispute and international backlash. The July election, declared in Maduros favor by Venezuelas...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Technology

Optimistic Outlook for Chipmakers in 2025 Driven by AI Demand

Mizuho analysts project a positive 2025 for chipmakers, supported by robust artificial intelligence (AI) demand, data center expansion, and advancements in networking and memory chips. This optimism persists despite...

TSMC December Sales Surge 57.8%, Driven by AI Demand

TSMC (NYSE:TSM), the worlds leading contract chipmaker, posted a 57.8% year-on-year jump in December sales, reaching T$278.16 billion ($8.44 billion). This sharp growth highlights robust demand from the booming artificial...

Tesla Unveils Redesigned Model Y in China to Compete in Crowded EV Market

Tesla has introduced a revamped Model Y in China, aiming to recapture market share from competitors like Xiaomi. Priced at 263,500 yuan ($35,900), the updated Model Y is 5.4% more expensive than its predecessor. Deliveries...

Elon Musk Offers Starlink Aid Amid LA Wildfires, Criticizes California's Crisis Management

Elon Musk announced that SpaceX would provide free Starlink terminals to wildfire-stricken areas in Los Angeles. The Tesla CEO shared on social media platform X that the terminals would be delivered by Thursday morning to...

Elon Musk’s Controversial EU Clashes Amid DSA Investigation

Elon Musk hosting Alice Weidel, leader of Germanys far-right Alternative for Germany (AfD) party, on his X platform has drawn scrutiny from the European Commission. This move coincides with heightened EU efforts to curb...