Menu

Search

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

NFTs hit the big league, but not everyone will win from this new sports craze

May 06, 2021 02:33 am UTC| Technology Digital Currency

Some buy sporting memorabilia for love. Others for money. The world record for most money paid for a sports-related item goes to the original Olympic manifesto written in 1892 by International Olympic Committee founder...

Blockchain Revolution Series

Blockchain could play an important role in future agriculture and food security

Apr 11, 2021 12:30 pm UTC| Technology Digital Currency

Global food supply chains proved brittle during the COVID-19 pandemic, leading for calls to boost the resilience of global food supply chains through improved efficiency in production, distribution and consumption of...

Digital Currency Revolution

Blockchain Revolution Series

How nonfungible tokens work and where they get their value – a cryptocurrency expert explains NFTs

Apr 04, 2021 10:23 am UTC| Technology Digital Currency

Takeaways · Nonfungible tokens prove ownership of a digital item image, sound file or text in the same way that people own crypto coins. · Unlike crypto coins, which are identical and worth the same,...

Blockchain Revolution Series

NFTs: why digital art has such a massive carbon footprint

Apr 04, 2021 10:00 am UTC| Technology

How much would you be willing to pay for a one-of-a-kind work of art? For some collectors, the limit lies somewhere in the region of hundreds of millions of dollars. What about a work of art that has no tangible form, and...

Blockchain Revolution Series

What are NFTs and why are people paying millions for them?

Mar 18, 2021 14:30 pm UTC| Technology Digital Currency

Last week, Christies sold a digital collage of images called Everydays: The First 5000 Days for US$69.3 million dollars. This week, Elon Musk said hes selling a tweet of his as an NFT, which contains a song about...

Blockchain Revolution Series

A token sale: Christie's to auction its first blockchain-backed digital-only artwork

Feb 26, 2021 14:45 pm UTC| Digital Currency Technology

Since May 2007, US-based digital artist Mike Winkelmann (who goes by the name Beeple) has posted a new artwork online every day. He posted the 5,000th one in January, and has now packaged them into an enormous digital...

Blockchain Revolution Series

Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading

Jul 09, 2020 09:14 am UTC| Digital Currency Commentary

TCS has recently come up with B⍺NCS the financial solutions under the flagship company of Tata Consultancy Services (TCS), who pioneered the worlds first overseas securities settlement deploying Quartz blockchain. For...

1 2 3 4 5 6 7 8 9 10   

Economy

Starbucks Korea's Q1 earnings soar 78% to 33.6 billion won

Starbucks Korea reported a net profit of 33.6 billion won in the first quarter, jumping 77.8 percent on-year due to an increase in mobile orders and drive-thru store sales and a lower base effect. Sales surged 15...

Hyundai Motor to invest 8.1 trillion won for EV production in US by 2025

Hyundai Motor Group will invest 8.1 trillion won in the US by 2025 to produce electric vehicles, improve production facilities, and increase its presence in the smart mobility solutions area. South Koreas top automaker,...

S. Korea's logic chip capacity share expected to drop due to US expansion

South Koreas capacity share in the advanced logic chip market is likely to decline as the US attracts more global semiconductor firms to build plants on its turf, according to a report by Counterpoint Research. The...

Hyundai, Kia to suspend plant operations due to chip shortages

Hyundai Motor Co. will suspend its No. 3 and 5 Ulsan plants for several days next week while its affiliate Kia Corp. will suspend its No. 2 Sohari plant due to semiconductor shortages. Operations at the No. 5 Ulsan...

Chick-fil-A limits sauce distribution to customers due to supply chain woes

Chick-fil-A announced it will be limiting customers to one sauce cup or packet per item ordered at most of its approximately 2,600 restaurants. The chicken sandwich company said it is making adjustments to quickly solve...

Politics

Ireland's shame: reforming an adoption system marked by secrecy and trauma

For the greater part of the 20th century Ireland was marked by a culture of shame that separated thousands of women from their children, many of whom were forcibly given up for adoption. The trauma inflicted by these...

World War 3: NATO allies warn Russia amidst tensions with Ukraine

Tensions at the eastern border between Ukraine and Russia have since escalated and became a cause of concern for NATO member countries. With tensions between the two countries potentially escalating into a world war,...

Joe Biden open to passing parts of infrastructure plan without GOP support

The passage of the $1.9 trillion American Rescue Plan was done on party lines, with Democrats exercising their slim majority powers without a single vote of support from Republican lawmakers. In his recent interview, Biden...

Joe Biden hopes Israel - Gaza conflict to be over 'sooner than later'

The unrest in Israel and Gaza has escalated in recent days, especially among Israelis and Palestinians. Joe Biden said this week that he hopes the conflict that is ongoing could be resolved and added that Israel has the...

Kamala Harris meets with Indian-American Rep. Ami Bera to discuss India's COVID-19 crisis

India is currently experiencing an unprecedented crisis in its tackling of COVID-19. This week, California Congressman Ami Bera met with Vice President Kamala Harris to discuss Indias crisis with the pandemic. Bera, the...

Science

Space tourism – 20 years in the making – is finally ready for launch

For most people, getting to the stars is nothing more than a dream. On April 28, 2001, Dennis Tito achieved that lifelong goal but he wasnt a typical astronaut. Tito, a wealthy businessman, paid US$20 million for a seat...

From making wine to managing mine waste, clay is important for many industries

The discovery and use of clays dates back to 30,000 years ago, making clays one of the oldest materials used in society. Clays are naturally occurring materials that were first used to make pottery and are now used...

One incredible ocean crossing may have made human evolution possible

Humans evolved in Africa, along with chimpanzees, gorillas and monkeys. But primates themselves appear to have evolved elsewhere likely in Asia before colonising Africa. At the time, around 50 million years ago, Africa...

Inside the world of tiny phytoplankton – microscopic algae that provide most of our oxygen

Phytoplankton are microscopic algae living throughout the oceans surface waters. They cant swim and are at the mercy of the currents and tides. Despite their small size, phytoplankton enable life in the oceans and...

First human-monkey embryos created – a small step towards a huge ethical problem

Scientists have created the worlds first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then...

Technology

‘Mass Effect Legendary Edition’ won’t come to Xbox Game Pass anytime soon

With plenty of EA-published games made available to Xbox Game Pass subscribers recently, it is a fair question to ask if Mass Effect Legendary Edition will be included in its library as well. However, the remastered...

Discord to launch Stage Discovery and Threads features soon

Discord has just been updated with new features, and the popular group-chatting client has more things lined up to improve users experience. Barely two weeks after the Stage Channels were launched, Discord has announced...

‘Legend of Zelda: Breath of the Wild 2’ might not be ready for a 2021 launch

A new report claims the development of Legend of Zelda: Breath of the Wild 2 is close to its conclusion. However, this does not necessarily mean the much-awaited sequel is launching anytime soon. Legend of Zelda: Breath...

Sony unveils new colors for PS5 DualSense controller

Sony is giving fans a chance to play their favorite video games in style with the announcement of two new colors for the PS5 DualSense controller. The color options called Midnight Black and Cosmic Red, will not launch...

Google Pixel 6 goes through design overhaul, new leak suggests

All the disappointment Google fans may have felt when not much was changed in the Pixel 5s design last year may be reversed once the Pixel 6 series arrives. A new leak suggests the upcoming phones will sport...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.