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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

The Ethereum merge could kick off a transformation in crypto's battered reputation

Sep 10, 2022 08:07 am UTC| Technology

Cryptocurrencies might still be a very long way from their highs of 2021, but some of the major ones have staged some decent recoveries in the past couple of months. Notably ether (ETH), the second largest cryptocurrency...

Blockchain Revolution Series

Central bank digital currencies could mean the end of democracy

Aug 02, 2022 04:22 am UTC| Insights & Views Economy

In recent years, we have witnessed a growing interest in the idea of central bank digital currencies. Similar to cash, central bank digital currencies are a form of money issued by central banks. In each country, a...

Blockchain Revolution Series

IPXHOP ties up with Meta Planet - A step closer to global expansion

Jul 28, 2022 07:30 am UTC| Business

The two businesses are collaborating on IP for games tailored for the NFT marketplace. IPXHOP (IPXHOP CEO Lee Hyo-sung) announced today that it has signed a business agreement with Meta Planet (METAPLANET CEO Kim...

Blockchain Revolution Series

PUBLISH, Lamda256 join forces to build out web3 services for news media

Jul 27, 2022 09:54 am UTC| Business

PUBLISH announced today that it has signed a strategic partnership with Lamda256. Lamda256 is a subsidiary of Dunamu, which also operates Upbit, Koreas largest cryptocurrency exchange. Lambda256s flagship service is...

Blockchain Revolution Series

‘Minecraft’ NFT: Mojang won’t allow blockchain tech in the game because it promotes ‘scarcity and exclusion’

Jul 22, 2022 06:36 am UTC| Technology Digital Currency Business

Minecraft fans have been asking developer Mojang Studios to clarify its position and policies on NFTs (non-fungible tokens) and other blockchain technologies. The company has now provided a comprehensive statement on the...

Blockchain Revolution Series

There are systems 'guarding' your data in cyberspace – but who is guarding the guards?

May 28, 2022 11:05 am UTC| Technology

We use internet-connected devices to access our bank accounts, keep our transport systems moving, communicate with our colleagues, listen to music, undertake commercially sensitive tasks and order pizza. Digital security...

Blockchain Revolution Series

Can you truly own anything in the metaverse? A law professor explains.

Apr 23, 2022 08:32 am UTC| Technology Digital Currency

In 2021, an investment firm bought 2,000 acres of real estate for about US$4 million. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The...

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Economy

India to stop subsidizing mediocre EV firms

The Indian government will stop subsidizing electric vehicle companies that have received complaints, The government may also seek reimbursement from some of these firms. The Indian government has established an...

Nike, Adidas to cut order volumes by 40% as sales expected to drop

Nike and Adidas will reduce their order volumes by 30 percent to 40 percent beginning next summer due to pandemic-related hurdles in China and the pullout of Russia. Both companies have reportedly notified their...

Revised law allows use of plastic waste pyrolysis oil for producing petrochem products

The Ministry of Environment announced that a revision of the enforcement ordinances and regulations of the Waste Management Act came into effect on Tuesday allowing plastic waste pyrolysis oil to be recycled as a raw...

S. Korean petrochemical firms import more naphtha from UAE, India, Qatar, Bahrain, Pakistan amid Russia sanctions

South Korean petrochemical companies naphtha imports from Russia went down 67 percent on year at 1.92 million tons after they diversified sources following the Ukraine invasion. Meanwhile, imports of naphtha from the...

CNN starts job cuts after business review to reduce costs

CNN is one of the latest major companies in the United States to announce layoffs. Like the others, it also cited economic uncertainty and the need to reduce costs as the main basis for the decision. In the case of CNN,...

Politics

Myanmar: 2000 pro-democracy fighters killed by junta, says democracy leader

The leader of Myanmars shadow government has called on allies to provide military aid as around 2,000 pro-democracy fighters have been killed in the midst of resistance to the military junta. The appeal comes amidst...

Japan raises concerns over China, Russia joint air patrols

Japan has raised concerns with China and Russia about their joint air patrols. The concerns follow the recent incursions over Japans territory. Japanese Chief Cabinet Secretary Hirokazu Matsuno said Thursday that Tokyo...

EU chief 'confident' on Northern Ireland deal if UK shows political will

The president of the European Unions executive branch expressed confidence that there would be a deal reached with the United Kingdom on the Northern Ireland Protocol. The European Commission leader added that a deal could...

Russia-Ukraine war: US, France pledge to hold Russia accountable

The leaders of the United States and France have pledged to hold Russia accountable as the war it wages on Ukraine is in its tenth month. The European Union has also tentatively agreed on an oil price cap in order to...

Science

S. Korean scientists detect antibiotic material in spider venom using AI

South Korean scientists have developed an artificial intelligence (AI)-based peptide detection model that can predict the antibiotic functionality of peptides antibiotic for hay bacillus, colon bacillus, staphylococcus...

Scientists test mRNA technology for universal flu vaccine

An experimental vaccine was found to potentially open a pathway to a universal flu shot that might help prevent future pandemics, according to a US study. In initial tests in mice and ferrets, the two-dos vaccine...

Unilever explores the use of “cow-free” ingredients for ice creams

Unilever has begun looking at utilizing precision fermentation technology to create cow-free dairy products or use them within its ice cream portfolio A spokesperson for Unilever said that the companys RD team is in...

S. Korean researchers develop wearable OLED that can cure jaundice in infants

Researchers from the Korea Advanced Institute of Science and Technology (KAIST) have developed a wearable green organic light-emitting diode (OLED) with a 470-nanometer (nm) wavelength that can cure jaundice in...

It was the first time scientists confirmed that nitrous oxide increases if nitrogenous fertilizers are used excessively for rice farming.

The excessive use of nitrogenous fertilizers for rice farming results in a sharp increase in the emission of nitrous oxide, the major greenhouse gas contributor, according to study by the Gyeonggi-do Agricultural Research ...

Technology

PS Plus downloadable games for December includes remastered ‘Mass Effect’ trilogy

December is going to be a good month for PlayStation Plus members now that Sony announced the lineup of new downloadable games at no additional cost going live next week. The list is headlined by the collection of...

Livspace launches 3 experience centers in Singapore

Livspace has launched three new experience centers in Singapore as part of its expansion in Southeast Asia. The three centers of the omnichannel home interior and renovation platform are located in Suntec City,...

Pixel 7a design will be identical to the Pixel 7 series as renders appear in a new leak

Although the Pixel 7a is not expected to launch until 2023, alleged renders revealing its design have already leaked before this year ends. And as many expected, it will likely look identical to Googles flagship phones...

Microsoft and Activision Blizzard merger gets unconditional approval in Serbia, concessions ‘likely’ to be offered to EU regulators

Microsoft is still facing immense scrutiny from regulators in most countries where it needs to gain approval for its proposed acquisition of Activision Blizzard for nearly $69 billion. But the company has reportedly gained...

NEC to build ¥33 billion global innovation hub near Tokyo

NEC Corporation will be constructing a 12-story global base for innovation with a floor area of roughly 50,000 square meters near Tokyo in March 2023 at around 33 billion. The provisionally named NEC Innovation...
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