November 27, 2017
Experts worry that net neutrality repeals could affect everyone's favorite magic internet money.
November 25, 2017
Just as gold bars are lost at sea or $100 bills can burn, bitcoins can disappear from the Internet forever. When all 21 million bitcoins are mined by the year 2040, the actual amount available to trade or spend will be significantly lower.
September 30, 2017
In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.
August 3, 2017
The world of Linux is ready to welcome you, with a shower of free open-source software you can use on any PC: hundreds of active Linux distributions, and dozens of different desktop environments you could run on them. It’s a far cry from the one-size-fits-all, this-is-just-what-comes-with-your-PC vision of Windows.
November 22, 2017
The potential for blockchain technology to bring about widespread change has been predicted since 2011 and the emergence of Bitcoin. But it was this year when the concept really started to capture people’s attention.
“What is this Bitcoin thing?” says your mother as she passes you a hefty bowl of mashed sweet potatoes.
Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst.
October 31, 2017
We’re drowning in data. Everyday, 2.5 quintillion bytes of data are created. This is the equivalent of 90% of the world’s information–created in the last two years alone. Now this is what we call “big data.”
November 21, 2017
Most technologies touted as “game-changing” are just somewhat modified versions of something already in use. Blockchains are different, and while it will take some time to work out the kinks, they could one day make as much of an impact on the world as the database, smartphone or web browser.
It's so much more than the bitcoin.
It's possible bitcoin's Lightning Network will fall short of its lofty ambition – at least, that's what a group of researchers are arguing.
To calculate the difficulty for the next Ethereum block, you calculate the time it took to mine the previous block, and if that time difference was greater than the goal time, then the difficulty goes down to make mining the next block quicker. If it was less than the time goal, then difficulty goes up to attempt to mine the next block quicker.
November 19, 2017
As blockchain becomes ubiquitous across consumer and enterprise applications, we will continue to see more and more large scale disruption of traditional sectors that are critical parts of the global economy.
The rise of Bitcoin and other cryptocurrencies has attracted thousands of new users and investors, many of which are still at significant risk of losing their precious tokens to simple mistakes or hackers.
November 18, 2017
“This changes everything.” That’s how Apple introduced the original iPhone in 2007. But it could just as easily apply here and now to the blockchain and its potential to enable transformative innovation in a variety of industries.
November 17, 2017
Back in 1985, Back to the Future and The Goonies arrived in cinemas. This was also the year that Microsoft released the first version of Excel. However, we are now living in a mobile-first digital world, and this era of hyper-change is showing no signs of slowing down.
November 16, 2017
In Watson Health’s panel discussion at the Fast Company Innovation Festival in New York, IBM’s Chief Science Officer Shahram Ebadollahi announced that IBM Watson Health has signed an agreement with the Centers for Disease Control and Prevention (CDC) to explore the benefits of blockchain and distributed ledger technology (DLT) in the health sector. The CDC and Watson Health expect the joint effort to also boost DLT adoption across U.S. government agencies.
November 13, 2017
With 75% of ICOs now failing the reach their soft cap, the entire market has changed direction. This may also squeeze out the scammers and raise the bar beyond pure start ups entrepreneurs…
The visionaries will forge ahead, and those hoping for immediate industry and process transformation will give up. This is the answer I usually give when asked for a one-sentence summary of how I see 2018 shaping up in the blockchain technology arena.
November 12, 2017
According to Forbes, more than $2.3 billion has been raised in token sales, aka “ICO’s” so far in 2017. As an entrepreneur who has raised more than $300 million of venture capital equity financing in my career, and whose company is holding an ICO in just a few days, I have mixed thoughts about the current ICO bubble.
November 9, 2017
Two European firms' pilot project will integrate home energy storage devices into a blockchain-based network with the goal of reducing bottlenecks in the electricity supply.
November 4, 2017
SHAWN WILKINSON, STORJ LABS@SUPER3 NOVEMBER 4, 2017 2:33 PM
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Belgium pushes to ban loot boxes in Europe
Microsoft just took a big swing at AWS and VMware with new cloud offerings
Zen blockchain hopes to strengthen, broaden Bitcoin
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The sharing economy relies on a distributed workforce, shareable assets, and peer-to-peer transactions and contracts. Uber and Airbnb are probably the most famous examples, allowing people to make money by sharing their homes and their cars. Now blockchain technology is making it possible to earn money by sharing a whole new set of assets, such as compute power, storage capacity, and even personal data. Because so many more of us own computers than houses or vehicles, a greater number of people can participate.Companies in these emerging marketplaces handle payments through smart contracts and blockchain technology.
November 2, 2017
HomeNewsDOE Exploring Development of Blockchain-Based Energy Grid
DOE Exploring Development of Blockchain-Based Energy Grid Daniel Dob November 2, 2017 News blockchain energy grid
At this time, numerous institutions and businesses are actively exploring the potential of blockchain networks, with the Pacific Northwest National Laboratory (PNNL), part of the U.S. Department of Energy (DOE), being the latest to join the blockchain race.
October 23, 2017
More than two thousand carbon units issued under Khimprom's GHG emission reduction project have been registered in DAO IPCI, a blockchain ecosystem for carbon markets, environmental assets and obligations.
I like to say that every business today will compete with technology but win with people. In order to win you need to be able to attract and retain fresh new talent to your business. To keep your business viable into the future you must evolve your value proposition to defend against, and take advantage of, the macro forces that shape your competitive landscape in the future.
October 29, 2017
Jaron Lukasiewicz is a co-founder of WRKFLOW, an advisor to several blockchain companies and the founder of Coinsetter, a cryptocurrency exchange sold to Kraken FX.
In this opinion piece, Lukasiewicz proposes a way for initial coin offerings to avoid running afoul of securities laws while retaining the practical commercial advantages of tokenization.
October 28, 2017
There's a point in every struggle when momentum shifts behind you. Optimism becomes ambition.
As we look back on the first 10 months of 2017, one thing is very clear to investors: It's belonged to cryptocurrencies. Since the year began, the aggregate value of all cryptocurrencies combined has grown from $17.65 billion to $167.88 billion as of Oct. 25, 2017. Just your run-of-the-mill 851% gain in 10 months! Comparatively, the stock market has taken decades to deliver the same magnitude of returns for investors.
Millions, billions, and trillions…
When we talk about the giant size of Apple, the fortune of Warren Buffett, or the massive amount of global debt accumulated – all of these things sound large, but they are actually extremely different in magnitude.
October 17, 2017
The blockchain hype is slowly starting to wane off. According to Gartner's hype cycle, which describes any innovative solution's path to maturity, we are headed for rock bottom: the Trough of Disillusionment.  This is consistent with what I see in the wild, and it’s great news! It means the technology is maturing and that we're becoming more realistic and to the point regarding what it can and cannot do.
October 19, 2017
Blockchain technology is proving to offer major advantages beyond its well-known applications in the sphere of cryptocurrency. A new app allows MIT graduates to prove ownership of their degree using the digital ledger.
The recent news regarding Oracle and blockchain technology is really important. In some ways, Oracle’s embrace of the blockchain is more significant than IBM’s big bet on the technology and Microsoft’s support for it.
The cryptocurrency market has been experiencing exponential growth throughout 2017. With Ethereum making the jump from $40 to $320 at the time of writing, and Bitcoin shattering previous records with all-time highs, plus eight other cryptocurrencies with a total market capitalization over $1 bln, the entire ecosystem has reached a market value of over $170 bln.
October 18, 2017
The age of tokenized ecosystems has begun – the shift from centralized to decentralized blockchain-based creation and transfer of assets is ongoing. Our current world is full of different asset classes ranging from money (in a narrow sense) to gold, real estate, securities, rights and others, many of which are difficult to physically trade or subdivide. Distributed ledger technology, or more specifically blockchain technology, is increasingly providing solutions to this problem.
October 16, 2017
This Blockchain-Based Energy Platform Is Building A Peer-To-Peer Grid
October 15, 2017
LONDON — Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to a paper from Dutch bank ING.
May 8, 2017
The recent Bloomberg Future of Energy Summit brought together leading actors from across the globe, providing expert perspectives on a range of energy topics — power, transportation, regulation, finance and climate action. Here are insights and takeaways from two speakers: Michael Liebreich, BNEF Chairman of the Advisory Board, and Emmanuel Lagarrigue, Chief Strategy Officer for Schneider Electric.
October 12, 2017
The U.S. agency that oversees foreign affairs is looking seriously at blockchain.
That's according to John Sullivan, U.S. Deputy Secretary of State, who encouraged the State Department and its private sector partners to embrace the technology as a way to "advance diplomacy and development objectives" at the Blockchain@State forum held Tuesday in Washington, D.C.
October 11, 2017
IoT is making this happen now! For this, all energy equipment of the future will need to have system-on-chip technologies. Integrating energy, automation and software with connectivity promotes greater energy and process optimisation
September 21, 2017
An estimated €231 billion is spent annually on energy efficiency (EE) investments - but tapping the full potential of EE will require at least four times as much investment. This finance gap is slowing down the energy transition we need.
October 7, 2017
Among other things, blockchain is known for its transparency. The public ledger records each transaction and traces it back to a miner. That transparency, however, has prevented the technology's adoption on Wall Street, where client and transaction confidentiality are necessary for operations. But that might change soon.
Read more: 'Zero Knowledge Proofs' Could Boost Blockchain Adoption on Wall Street | Investopedia https://www.investopedia.com/news/zero-knowledge-proofs-could-boost-blockchain-adoption-wall-street/#ixzz4zAwYVQFX
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Data breaches like the recent Equifax and Deloitte hacks have brought bright attention to the fact that personal data is not secure. In a host of areas, data is at risk from breaches that would result in the loss of privacy and perhaps finances.
October 3, 2017
g blockchain to build a P2P internet
If online content can be stored and distributed by peer-to-peer (P2P) blockchain technology, then the web could very quickly become a very different place.
The Trump administration is exploring ways to replace the use of Social Security numbers as the main method of assuring people’s identities in the wake of consumer credit agency Equifax Inc.’s massive data breach.
Decentralised Borderless Voluntary Nation (DBVN) project Bitnation, which is all about helping people setup their own nations in a censorship resistant manner, is being taken to the next level with the full launch of its decentralised nation Pangea - all the more relevant in the light of everything happening in Catalonia at the moment.
September 29, 2017
When blockchains first appeared nearly a decade ago as the technical backbone of Bitcoin, the world’s leading cryptocurrency, they seemed to offer the masses a way to cut out the financial middleman. But now the big banks and other industry players are finding ways to spin the new tool to their advantage.
September 28, 2017
As Bitcoin and other cryptocurrencies have been on fire for a large portion of 2017, focus has turned to blockchain, the underlying technology that powers these digital currencies. But blockchain technology has many more potential use cases and applications other than just serving as the fuel behind Bitcoin.
First unveiled last year, the professional services firm sought to create a permissioned blockchain that would allow parties to alter data in the event of errors or fraud. It was a move that stoked criticism from some observers, including some who questioned why a distributed database would be needed if not for its tamper-resistant characteristics.
Whether you think cryptocurrency is merely a passing fad or a phenomenon still maturing into mainstream legitimacy, keeping an eye out on the market is certainly an engaging activity. But it could be quite the hassle to keep up with every alternative out there – unless you use this tool.
September 23, 2017
Not everything is tameable – that's a truism that might apply to bitcoin above all.
Recently, researchers from City University and Stockholm University introduced the concept of the "bandit organization," calling it "a form of association or 'band' (frequently led by a charismatic individual) that occupies a space outside national and/or international credibility but inside the everyday practical and moral organization of specific audiences."
September 22, 2017
Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem.
First, as we all know, it’s easier than ever to build a startup. An MVP can hit the app stores in a few days and the need to raise millions for servers and software is over. Second, investors want to see traction, and few will take risks on relative unknowns. So how do you raise money when your product needs more than some Django code and an AWS instance?
September 6, 2017
A joint venture between shipping giant Maersk, Microsoft, accounting firm EY and blockchain firm Guardtime aims to apply distributed ledger technology in the field of marine insurance.
Built using Azure – Microsoft's cloud-based platform – the new effort will see the creation of a shared database that logs information about shipments, as well as potential risks, in order to help ships comply with insurance regulations. The database would also ensure that this information is transparent across what is a complex network of variables.
September 20, 2017
Blockchains are still a fringe technology in many ways, but it’s slowly making its way into the mainstream.
While blockchain technology aspires to change the world, its potential is still unknown to most. And while developers are busy studying its nuances, businesspeople are hard at work figuring out how to harness it to power their latest, greatest ideas.
September 16, 2017
Developers at some of the top tech companies have created a browser API that could soon make it easier to buy goods and services online with cryptocurrency.
The work, started by the World Wide Web Consortium (W3C) with the help of Microsoft, Google, Facebook, Apple and Mozilla, is a tangible step forward for a currency-agnostic web payment standard first conceived in 2013. Equally, as bitcoin and other cryptocurrencies gain more momentum, the launch signifies the growing recognition of cryptocurrency as a payments technology.
September 15, 2017
It seems as if the talk of “the people’s currency” has started to sting the ears of those who traditionally have a monopoly of money, banks and governments.
Recent negative statements by big banks, and governmental crackdown on digital currencies and ICOs can be seen as fightbacks by these institutions to the growing popularity of Bitcoin.
Bitcoin always has had the potential to be a new currency free of control by big banks and governments, but as adoption has spread, the threat has become real.
September 12, 2017
Newsflash cryptocurrency newbies: bitcoin isn’t anonymous. There’s a common misconception that blockchain technologies like bitcoin and Ethereum offer privacy and anonymity. The truth is these decentralized, open source communities are actually fueled by transparency. A public bitcoin address is the digital equivalent of storing gold in a glass vault.
September 10, 2017
The proliferation of blockchain startups and their mammoth ICOs show there’s a lot of interest in decentralizing applications and services. And though it’s an oxymoron, we’re now seeing a few “centers” of “decentralization” emerging — a handful of cities engaged in serious jurisdictional competition to become the prime innovation hub for blockchain-based technologies.
Blockchain, the secure distributed ledger technology first created to track bitcoin ownership, has taken on a number of new roles in recent years tracking anything of value from diamonds to real estate deeds to contracts. The blockchain offers the promise of a trusted record that can reduce fraud. Some industry experts say that over the coming years, it could be used to control identity information in a more secure fashion.
September 9, 2017
A short conversation with any real estate agent or account representative will quickly degenerate into a gripe session about low-quality technology and difficulty with managing contracts. It’s no secret that the industry is ripe for change, and that change will come sooner rather than later.
The first sign of movement is the growth of the Airbnb model, allowing moderate peer to peer connectivity, and making a system that allows users to have more freedom of choice. But Airbnb is still a tiny blip in the massive $217 tln global real estate market. Granted, a blip of something massive is still big, but the opportunity for change is clear.
In the past few years, blockchain has developed an unrivaled reputation as the next big thing for the decentralized internet. Startups have absorbed billions of dollars from traditional funding and token sales to develop software and proof-of-concepts that employ blockchain to fix many of the problems that riddle centralized online services.
September 7, 2017
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Global financial consultancy EY's insurance advisory division has announced that a blockchain technology platform for marine insurance, which it has been developing with blockchain fintech Guardtime since 2016, is now ready for commercial use.
September 5, 2017
The bubble is about to burst, but not in the way experts predict. The technology is too strong to die.
Experts like Peter Schiff, Mark Cuban and Howard Marks have all called Bitcoin and Cryptocurrency a bubble. Each have made claims and on why and how they believe it is nothing more than a fad — some experts have likened the cryptocurrency craze to the Tulip Mania of 1637. They are right. We are in a bubble, but when the bubble does burst the death of crypto and blockchain will not be the result — instead the result will be accelerated growth and global acceptance.
September 2, 2017
Investment banking group Citi’s newly appointed head of core cash management for Asia-Pacific, Morgan McKenney, said that the key to the mainstream adoption of Blockchain technology is the introduction of state-backed virtual currencies. She added that the ultimate success of distributed ledger technology relies on the use of fiat currencies issued on a Blockchain.
August 21, 2017
I first came across Tezos on the Epicenter podcast through one of the guests on the show, Olaf Carlson-Wee. Olaf heads up a hedge fund called Polychain capital and was one of Coinbases’s first employees, stories from his early days at Coinbase are worth it for the listen alone. He discusses some of Polychain Capital’s investments, including a “Self-amending cryptographic ledger” called Tezos.
August 31, 2017
August 31, 2017 (Chicago/Salt Lake City) — Today the Illinois Blockchain Initiative announced its partnership with self-sovereign identity solutions leader Evernym, leveraging distributed ledger technology to provide secure digital identity solutions. The concept will augment work from the W3C’s Verifiable Claims Task Force and use the Sovrin Foundation’s distributed identity ledger to create a secure, “self-sovereign” identity for Illinois citizens during the birth registration process.
August 18, 2017
Something astounding is happening right in front of us. A new credit system is emerging and it's under the control of....no one. It's growing by leaps and bounds and putting credit into the hands of the people directly without the need for a middleman. People are feeling hope for the first time in years. Cryptocoins are offering people a clear choice, a new future that they had only dreamed of. Nothing is forced on anyone, no one is forced to accept these new coins. The coins could go to zero and you could lose everything -- people know that, but they also know what they are getting from what they have in their pocket right now. So far it's already created quite a few millionaires and probably a few billionaires and if current trends continue, it will have exponential growth.
August 25, 2017
Bitcoin is changing the way we look at the future digital payment. While Bitcoin is now incredibly difficult to mine, it’s relatively easy to buy Bitcoins with traditional currency.
For anyone wanting to begin their foray into this form of peer-to-peer transaction, which offers anonymity while simultaneously cutting out banks and other traditional third party financial entities, the first step is getting a Bitcoin wallet.
August 6, 2017
Don and Alex Tapscott, authors of Blockchain Revolution, provide perhaps the best definition for blockchain. "The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value."
December 5, 2016
In the Netherlands, a marketplace called Power Peers is linking up home energy producers with consumers wanting clean energy. You can buy the solar power from your parents’ panels even if they live 200 miles away. You can buy your friend’s power when she goes on vacation. And you can create community solar panels and share the power produced locally.
August 19, 2017
With all the hubbub about Bitcoin and Bitcoin Cash in the news, Ethereum has been overlooked by some.
However, the Ethereum Developer team has just released word that the Metropolis hard fork is set to occur in late September of this year.
August 16, 2017
The amount of money generated by the Initial Coin Offerings (ICOs) of blockchain-based companies is astounding. In July alone, ICOs generated $500 million of funding, bringing the all-time total to over $1.6 billion. That doesn’t even include August, where FileCoin is closing in on $200 million by itself.
One of the most promising applications of blockchain technology is the smart contract. What if you could cut your mortgage rate, make it easier to update your will? The world of smart contracts is fast approaching, but what are they?
Is Bitcoin’s scarcity enough to justify this boom? Not likely. While Ethereum by design is less scarce than Bitcoin, its other properties carry much more relative value. Bitcoin’s only real advantage was that it was first to market.
Read more: What is Plasma and How Will It Strengthen the Ethereum Blockchain? | Investopedia http://www.investopedia.com/news/what-plasma-and-how-will-it-strengthen-ethereum-blockchain/#ixzz4qasy2owu
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August 15, 2017
Blockchain is a new technology that potentially has a game-changing impact on the way we fight climate change. It could allow us to work together and bypass big energy companies, as well as reward those who have met climate goals.
August 14, 2017
The growing adoption of Blockchain technology has been disrupting a number of industries, including financial services, data management, healthcare, agriculture, supply chain, gambling, gaming, public services, music, airline ticketing and many more.
August 12, 2017
Few people would argue that cybersecurity is in a parlous state. In the last few weeks, we’ve seen a connected car wash and fish tank hacked respectively and a smart gun unlocked and fired thanks to a magnet at the latest DefCon.
August 10, 2017
Lipscomb University, based in Nashville, Tennessee, has formed a partnership with Hashed Health, a healthcare innovation company focused on blockchain technology. The partnership, as reported by the Tennessean (USA Today network) in June, will explore potential uses for distributed ledgers in the healthcare sector.
complexity of operational and security needs present in many healthcare blockchain implementations.
The framework aims to provide organizations with a steady guide on how to build and deploy a blockchain network as IT infrastructures continue to digitally transform.
Bitcoin reached a crucial technical and political milestone this week, locking in the long-debated code change Segregated Witness (SegWit).
August 8, 2017
What is that makes the blockchain technology such a breakthrough? Let’s look at the real world and how fiat currency is maintained and stored. No matter who you are, your money is going to be stored in a centralized location, i.e. the bank. The problem with this model is that you are giving your money over to an entity and it is at the risk of getting compromised because of a variety of reasons. The blockchain solves this problem by being completely decentralized and corruption free internally. The way it achieves this is by the incorporation of cryptography and game theory.
You can attribute most of the rapid rise to the fork itself. After the two cryptocurrencies split yesterday, BTC owners were given equal amounts of BCC. From there, they’ll need to decide whether to hold it, exchange it for another altcoin, or perhaps withdraw it in the form of fiat currency.
August 1, 2017
While it is still early days for blockchain and while pilots at this stage are contained, the possibilities of leveraging P2P technology where both computers and people share a distributed ledger are vast. In the future, networks of blockchains may interact over time to fundamentally change the market. This journey may begin with community P2P markets, transactive home energy management and EV charging settlement, however, over time, we may see parts of the utility value chain impacted with transactive grid settlement, real-time asset valuation and products designed utilizing smart contract functionality. Ultimately, considerations regarding the design of actors and the role of balancing groups and the development of a carbon market with distributed registry may be a reality enabled by blockchain. To this end, hundreds of market process and processes internal to a utility would need to be reexamined.
July 24, 2017
The CEO of Fidelity Investments, Abigail Johnson, spoke about blockchain technology at a conference in NY yesterday, revealing details about the company’s involvement in it and confessing her love for cryptocurrency, specifically bitcoin and ethereum.
Not everyone had everything. We always had something in surplus, and we always needed something that the other person had. Thus, we started exchanging our surplus assets for what we needed.
Imagine I had extra apples and you had extra oranges; we could simply exchange fruits with one another.
The state of Delaware has passed amendments to state law that make explicit the right to trade stocks on a blockchain, according to multiple sources familiar with the matter.
Crammed in at the last minute before the state House went into recess, the measures were part of a broader series of amendments that legally recognized any number of records being stored on a blockchain.
While details regarding the vote are still emerging, the director of the Global Delaware state initiative, Andrea Tinianow, described the news in an email to CoinDesk:
July 20, 2017
When it comes to international commerce and equities, Delaware, the second-smallest state in the U.S., has big intentions. The state already has a stellar reputation as one of the best places to establish a corporate entity in America, boasting two-thirds of all U.S.-listed companies and 85 percent of all IPOs.
July 19, 2017
Money is pretty simple nowadays: A piece of paper or a digital asset that you can exchange for goods and services. Someone else takes care of all the fine print. Some kind of central authority issues the money, calculates its value, and makes sure that that wire transaction you've sent goes to the right recipient.
But money is changing. First there was Bitcoin, a digital currency that takes care of the issuance and payments parts all by itself — by means of technology instead of authority. And then there was Ethereum, which adds another layer over Bitcoin's underlying technology, the blockchain, by letting anyone run complex commands from within the digital coins themselves.
July 13, 2017
With Bitcoin, Ethereum, and a host of other cryptocurrencies once again making headlines following an incredibly bullish year, crypto security has never been more important, this guide will teach you how to protect your cryptocurrency with a paper wallet and cold storage.
July 12, 2017
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The blockchain. It is the much-hyped, virtually foolproof digital ledger that allows cryptocurrencies such as bitcoin to flourish without the need for banks and governments, and promises to enable everything from the creation of ethical supply chains, to the ensuring of instantaneous payment on delivery of goods and services agreed to in immutable smart contracts.
July 10, 2017
Spoke Intelligence and ReadWrite, an IoT-focused publication and accelerator, just released their inaugural IoT Revolution handbook, and the numbers are very, very significant. 2,748 companies in the U.S. alone, plus another 140 in Canada, make the IoT scene in North America. (Disclosure: I am an unpaid advisor with a small equity stake in ReadWrite Labs. I did not participate in this research.)
Cryptocurrency mining is a difficult and costly activity. Miners must pay to build rigs capable of vast amounts of processing power, and then the rigs themselves must be powered with large quantities of electricity. It's all a careful balance between how much the operation costs and how much profit it is able to generate. (See also: What Happens to Bitcoin After All 21 Million are Mined?)
Read more: Is Solar-Powered Cryptocurrency Mining the Next Big Thing? | Investopedia http://www.investopedia.com/news/solarpowered-cryptocurrency-mining-next-big-thing/#ixzz4rodXpefS
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July 8, 2017
For those not in the know, cryptocurrency mining is a process that generates digital currency based on cryptography such as Bitcoin. A primer by Coindesk explains the basics of the process. Essentially, cryptocurrency is based on a limited number of mathematically-calculated strings within the overall cryptocurrency network. The mining process seeks to unlock undiscovered strings, and successful completion of one of these sections rewards the user with a number of coins in that specific currency. The process is mathematically intensive and requires some pretty strong computer hardware to get it done. Most recently, a shift within the cryptography has made it most favorable to make use of certain graphics cards – a shift that has caused prices of certain models to skyrocket.
Today we’re going to detail how to create a secure bitcoin wallet with an inexpensive USB drive. There are a few different wallets you can download for this particular operation, but for this walkthrough, we will use an Electrum wallet. Other lightweight bitcoin clients used should follow a similar installation process.
July 2, 2017
Unless you’re hiding under the rock, I am sure you’d have heard of Bitcoins and Blockchain. After all, they are the trending and media’s favorite topics these days — the buzzwords of the year. Even the people who’ve never mined a cryptocurrency or understand how it works, are talking about it. I have more non-technical friends than technical ones. They have been bugging me for weeks to explain this new buzzword to them. I guess there are thousands out there who feel the same.
Katherine Cooper is an attorney who focuses on advising financial institutions on legal and regulatory matters in the launch and operation of their businesses. Prior to opening her own practice, she worked in senior roles at NYSE Euronext, Barclays and Citigroup Global Markets.
July 3, 2017
Bitcoin wallet and trading platforms are experiencing an explosive growth in their user bases. In June, Coinbase added one mln new users, demonstrating a massive increase in its user base in a relatively short period of time.
In this opinion piece, Cooper discusses work ongoing to help standardize virtual currency law across the US, outlining the current state of the model regulation and the questions that need to be solved before it is finalized.
June 25, 2017
Blockchain technology has the potential to disrupt and overcome all technological boundaries. Its inherent characteristics have made it much desired within several industries where data management is of utmost importance.
June 30, 2017
Interbank messaging platform Swift has completed a blockchain proof-of-concept in partnership with startup SmartContract.
The proof-of-concept, revealed today, is the first project to use SmartContract’s ChainLink v1.0, which lets users connect smart contracts to data feeds, web APIs and a number of payment methods.
June 28, 2017
A new microgrid is set to power Brooklyn later this year, thanks to startup LO3 Energy. This microgrid relies on renewable energy and blockchain, two technologies that are inspiring the cities of the future.
June 26, 2017
Digital currency ethereum's massive price spike has sparked an online gold rush. The price per token has topped $300 lately, soaring from around $10 at the outset of 2017. Amateur miners worldwide are jumping into the action from home, using computer graphics cards to generate new ether (units of ethereum) and secure the blockchain, the public ledger of transactions.
Entitled "Public consultation on FinTech: a more competitive and innovative European financial sector", the consultation granted any consumer or business the ability to answer a questionnaire that sought to clarify general sentiment on financial technologies, including blockchain and DLT.
As you see on this head-spinning graph below, the total amount of money in the world is $84 trillion . But that includes money in the bank. In physical coins and notes, the total global money supply is only $31 trillion. See the problem? Hence the rise of Bitcoin and other cryptocurrencies. Bitcoin is the cryptocurrency that refuses to die. Its demise has been predicted numerous times, and one expert calculated that its value is eighteen times more volatile than the U.S. dollar.
Whether it's Bitcoin, Litecoin, Dash, Ripple, or most recently Ethereum, the list goes on with different types of digital currency. A few years back, we wrote a guide on mining Litecoin, that was around the time Bitcoin was already too hard to mine using a home computer, and Litecoin was being pushed as the next viable alternative for using traditional desktop graphics cards.
June 12, 2017
It's happening in an increasingly frequent manner: "Jamie, explain this blockchain stuff to me. I've read a bunch of articles and I'm no wiser." The problem with most blockchain explainers is that they provide more detail than what matters to most people, using language that is foreign to most people, which winds up leaving people more confused than when they started.
A mysterious white paper (Nakamoto, Satoshi, 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System”) introduced the Bitcoin blockchain, a combination of existing technologies that ensures the integrity of data without a trusted party. It consists of a ledger that can’t be changed and a consensus algorithm—a way for groups to agree.
June 8, 2017
As a devoted advocate for better digital policies within the EU, Estonia is currently one of the world’s leading countries when it comes to providing government services online. Many of its digital initiatives — such as the e-residency, online voting and tech-minded education — were implemented or refined during Toomas Hendrik Ilves‘ time in office, from 2006 to 2016
June 6, 2017
Fresh off the news that Chain helped orchestrate a live blockchain integration that successfully connected Nasdaq's stock exchange and Citi's banking infrastructure, founder Adam Ludwin is revealing new details about the scope of his company’s as-yet-unannounced projects.
The total market cap for all cryptocurrencies just surpassed $100 billion. The vast majority of these gains have come in just the last few months — on April 1st the total market cap was just over $25 billion — representing a 300 percent increase in value in just over 60 days.
June 5, 2017
The thinking on sidechains might be shifting.
While historically seen as an avenue for experimentation and increased operability on bitcoin's network, the conversation is now framing the technology as a possible solution to the digital currency's long-standing scaling debate.
July 6, 2017
he entire world, whether you are aware of it or not, is going through a remarkable shift. Things will not be the same anymore. Everything that you have learned while growing up will be invalidated and disrupted. This particular wave is fueled by changes to three fundamental human behaviors in human beings — us.
Alistair Milne, Bitcoin investor and analyst at Altana Digital Currency Fund, recently revealed a growth chart of Coinbase’s user base dating back to November of 2016. From May to June, Coinbase added approximately one mln new users and in the past 18 months, Coinbase added more than four mln users.
Over the last 18 months, blockchain has evolved from an obscure concept in cryptocurrency circles into a mainstream corporate tool for "disrupting” entire industries.
If you don’t have a blockchain strategy, you are not innovating hard enough.
People love throwing around the term. But wait, what is it again? And why is it relevant to energy?
The cryptocurrency ICO market is getting more and more interesting every week. All sorts of ICOs are popping up that utilize blockchain, Ethereum, and cryptocurrency to solve big world problems. It should be noted here that I am an advocate of blockchain technology.
Not only are they getting funding, they are getting lots of funding. TenX did over $80 million, EOS is well over $400 million so far, Bancor did $250 million, the numbers are very large. This goes to show the power of the cryptocurrency world. People are hungry for the next hot ICO that they can potentially multiply their cryptocurrency on, or hold for the long term.
June 24, 2017
Fundamental aspects of the technology that underpins cryptocurrencies and assets are causing people to re-imagine and then enact new ways of creating and exchanging value online. Almost every industry is experiencing some form of disruption in terms of how data is managed.
June 19, 2017
Now with the comment period officially concluded on 15th June, companies and organizations as diverse as Euroclear, the European Association of CCP Clearing Houses (EACH), the European Payment Institutions Federation (EPIF) and the European Consumer Voice in Standardization are going public with comments on DLT's regulatory obstacles and risks.
Launched in March, the survey asked participants to answer questions such as "What's the most promising use cases of FinTech?", "Which DLT applications are likely to offer opportunities to small and middle sized enterprises?" and "What are the main regulatory or supervisory obstacles to the development of DLT solutions?", among others.
Although they are often shrouded in mystery and technical details, you've probably heard of cryptocurrencies. Whether it's Bitcoin, Litecoin, Dash, Ripple, or most recently Ethereum, the list goes on with different types of digital currency. A few years back, we wrote a guide on mining Litecoin, that was around the time Bitcoin was already too hard to mine using a home computer, and Litecoin was being pushed as the next viable alternative for using traditional desktop graphics cards.
June 7, 2017
Features • Business News • Startups
Fresh off the news that Chain helped orchestrate a live blockchain integration that successfully connected Nasdaq's stock exchange and Citi's banking infrastructure, founder Adam Ludwin is revealing new details about the scope of his company’s as-yet-unannounced projects.
According to Ludwin, there are several other similar networks currently in the works behind the scenes at his company, which he reports has now grown to include roughly 30 full-time employees.
While some of these gains are from bitcoin itself (BTC is up ~160 percent in the same two-month time frame), other digital currencies like Ethereum are also responsible for the increase, which on its own has increased ~439 percent over the last two months.
June 2, 2017
It's happening in an increasingly frequent manner: "Jamie, explain this blockchain stuff to me. I've read a bunch of articles and I'm no wiser." The problem with most blockchain explainers is that they provide more detail than what matters to most people, using language that is foreign to most people, which winds up leaving people more confused than when they started. Instead, without worrying about being a technically perfect description, here's an explanation of blockchain your parents could understand...
June 1, 2017
The former president gave a talk on how to build a digital nation at tech festival Brain Bar Budapest. His message was clear: To move ahead, other countries should emulate Estonia’s model of government-issued digital ID’s. “Every European country should have a digital ID offered,” he told me.
May 30, 2017
Will bitcoin exchange-traded funds (ETFs) ever be accepted by regulators in the US or abroad? That's a question that's even more complex than would initially appear, say industry participants.
A better question might be: is it regulators, specifically, that need convincing? After all, the agencies tasked with enforcing existing laws heavily consider input from multiple parties, including banks, many of whom have yet to embrace the still-nascent digital currency.
May 22, 2017
May 21, 2017
The Next Generation of the Internet
The first 40 years of the Internet brought e-mail, social media, mobile applications, online shopping, Big Data, Open Data, cloud computing, and the Internet of Things. Information technology is at the heart of everything today—good and bad. Despite advances in privacy, security, and inclusion, one thing is still missing from the Internet: Trust. Enter the blockchain.
All over town, the parking meters are disappearing. Drivers now pay at a central machine, or with an app. It’s so convenient I sometimes forget to pay entirely—and then suffer the much higher price of a parking ticket. The last time that happened, I wondered: Why can’t my car pay for its own parking automatically?
May 25, 2017
The Depository Trust & Clearing Corporation (DTCC) announced that it plans to go live with its blockchain-powered credit default swaps (CDS) reporting platform in the first quarter of 2018.
The New York-based DTCC is the post-trade services provider for the U.S. market and provides settlement and clearing services for fixed income securities and equities as well as derivatives.
May 24, 2017
May 28, 2017
The audience of a panel session on scaling Bitcoin at Consensus 2017 in New York were asked to make known their frustration over the scaling impasse, and also to vote for easier changes to the rules.
While the Bitcoin blocksize debate rumbles on, the awaited segregated witness modification, which would increase block capacity, has been successfully deployed on Litecoin, after some 75% of the network agreed to lock in the changes. So far, Bitcoin's core developers have required 90-95% compliance from the network before changes to the protocol can be made.
May 19, 2017
More than a billion people worldwide live without reliable access to electricity. Providing them with power will require hundreds of billions of dollars of investment, vast deployment of technology, and adaptable business and financial market strategies. Much of the job can be done with power generation systems that are not connected to a central grid, and with largely fuel-free technology.
May 16, 2017
How much longer can this steep increase go on? I believe Bitcoin will continue to surge in the long term. However, since the currency is so volatile it is possible to see a sudden change in the cryptocurrency's trend. Bitcoins immediate trends depend on three major world events. The first being the Chinese (NYSEARCA:GXC) economy. The second event is the uncertainty in the European Union (BATS:EZU) caused by Brexit Article 50 (NYSEARCA:EWU) and the French (NYSEARCA:EWQ) Election. The final aspect is the SEC's position on the Bitcoin ETF. Developments in these three areas could cause huge movements in Bitcoins value.
Markets • Payments • Other Public Protocols • Business News • Markets News
Distributed financial technology firm Ripple is on the verge of locking up billions of dollars worth of its native XRP cryptocurrency inside dozens of smart contracts designed to hold value in escrow until a certain time, or certain conditions are met.
The move to voluntarily freeze its own assets in escrow contracts is designed to combat fears that Ripple might flood its booming market with some of the $16bn worth of cryptocurrency it currently stores and that resulted from holding large amounts of its own currency that hasn't been made available to the public.
May 15, 2017
“Code is law,” as described in Lawrence Lessig’s book ‘Code and Other Laws of Cyberspace’, refers to the idea that computer code has progressively established itself as a predominant way to regulate behavior to the same degree as legal code.
With the advent of blockchain technology, code is assuming an even stronger role in regulating people’s interactions.
However, while computer code can enforce rules more efficiently than legal code, it also comes with a series of limitations.
May 14, 2017
At a conference in Houston, TX, last month, R3’s Tim Grant presented his version of a “blockchain adoption timeline.” It seemed to reflect a broader industry view that while 2014 was “The Year of Enlightenment” and 2015 “The Year of the Hype,” 2017 will be the year that blockchain projects move from proofs-of-concept (POCs) to the pilot stage.
May 7, 2017
Blockchain technology is still largely the preserve of the tech savvy and yet its benefits are widely lauded across the financial sector - and increasingly so across others too. Yet despite the major benefits of cost cutting, simplifying and securing, where is the widespread mainstream adoption in business?
April 28, 2017
The Illinois Department of Financial and Professional Regulation (IDFPR) has announced a new Financial Innovation Initiative focused on encouraging growth and ingenuity in the financial services industry. The initiative, which is the first of its kind at the state regulatory level, was announced at Fintech Week Chicago 2017 by Secretary of the IDFPR Bryan Schneider.
“As a regulator with a competitive objective, IDFPR seeks an active role in efforts to ensure Illinois’ regulatory approach is in step with digital innovation,” said Schneider. “With the launch of our Financial Innovation Initiative, we endeavor to support fintech businesses through regular engagement and education, while gaining real-time insight into how current laws and regulations are impacting these emerging technologies.”
April 22, 2017
Fraud Analytics - One of the key benefits will be the validation of transactions and making sure that the people with whom companies are doing business are legitimate and trusted. Using in-depth analysis of blockchains through the data they produce and pattern recognition and matching across millions of interactions, it is possible to identify nefarious users and those you should avoid doing business with. It is the equivalent of credit checks on a credit card, making sure that the actions are legal and genuine. This kind of work is not only going to be useful for the future of digital currencies, but will create the foundation upon which a fully useable digital payments system can be implemented.
April 21, 2017
We can get rid of bad bosses once and for all. At least that’s the promise of a radically new type of organization based on blockchain technology.
It’s called a Decentralized Autonomous Organization and it has no CEO, CFO, or VPs.
April 20, 2017
The blockchain is one of those technologies that could have wide-reaching impacts on our lives. It certainly polarizes opinions. For some, it is a game changer that ushers in a new era of financial inclusion, a more secure financial system without intermediaries and freedom to transact with cryptocurrencies. Others see in it a dangerous fantasy of techno optimists that allows the control of financial transactions and forces the cashless society into existence. At the same time, most people have probably never heard of the blockchain and care little about it.
April 19, 2017
A company called LO3 Energy has developed a system that lets people buy and sell locally generated solar energy within their communities. The system uses blockchain—the electronic ledger technology that underpins the digital currency Bitcoin—to facilitate and record the transactions.
April 15, 2017
Last year, a strange self-driving car was released onto the quiet roads of Monmouth County, New Jersey. The experimental vehicle, developed by researchers at the chip maker Nvidia, didn’t look different from other autonomous cars, but it was unlike anything demonstrated by Google, Tesla, or General Motors, and it showed the rising power of artificial intelligence. The car didn’t follow a single instruction provided by an engineer or programmer. Instead, it relied entirely on an algorithm that had taught itself to drive by watching a human do it.
After Industrial revolution, the Financial technology (Fintech) industry has been the most impacting development. The past 100 years have witnessed technology growing at a galloping rate, much to the delight and convenience of mankind. The finance industry, in particular, has utilized technology to offer myriad services, bidding adieu to the long-established procedure of financial transactions. From education and entertainment to e-commerce and finance, technology has transformed the entire landscape. The demonetization move by the government threw the country into a tizzy. It probably came at the right time, propelling the country further towards a cashless economy. FinTech start-ups reported a 10x increase in use, with many of them expanding their business to tier II and tier III cities.
April 14, 2017
Every few months it seems another study warns that a big slice of the workforce is about to lose their jobs because of artificial intelligence. Four years ago, an Oxford University study predicted 47% of jobs could be automated by 2033. Even the near-term outlook has been quite negative: A 2016 report by the Organization for Economic Cooperation and Development (OECD) said 9% of jobs in the 21 countries that make up its membership could be automated. And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. My own firm released a survey recently of 835 large companies (with an average revenue of $20 billion) that predicts a net job loss of between 4% and 7% in key business functions by the year 2020 due to AI.
April 10, 2017
While high-profile consortiums such as Hyperledger and R3 are bulldozing along to big fanfare, a relatively small effort is quietly working on a project whose repercussions could soon be felt around the world.
Last year, a group of 10 asset managers and fund service providers based in Luxembourg created Fundchain, a sector consortium aimed at exploring the potential impact of blockchain technology on the fund management industry.
April 4, 2017
The world of big data analytics and data science can be fascinating but over-hyped in equal measure. But what if we could summarize the seven key 'cultural elements' of big data that express how firms should culturally curate and embrace the potential business advantages that are on offer.
March 31, 2017
On February 14 and 15, two communities met in Vienna, Austria to discuss the promise, prospects and challenges of applying blockchain technology to the energy sector. To many in the audience, Event Horizon 2017 felt like a turning point. Energy professionals, caught by surprise by the rise of distributed generation, wouldn't miss the next wave of disruption. Blockchain innovators, touting the benefits of decentralization, were ready to rumble with a notoriously inert industry.
March 28, 2017
It doesn’t take a tremendous amount of training to begin a job as a cashier at McDonald’s. Even on their first day, most new cashiers are good enough. And they improve as they serve more customers. Although a new cashier may be slower and make more mistakes than their experienced peers, society generally accepts that they will learn from experience.
March 26, 2017
There's a civil war in the bitcoin community over the digital currency's future.
Developers, miners, and other stakeholders are locked in a heated debate over how best to scale the network, with chances steadily rising of irreconcilable differences causing a so-called "hard fork" that would split Bitcoin in two.
March 24, 2017
But another cryptocurrency has been quietly growing in volume while everyone was focused on Bitcoin. Ethereum, which is kind of like Bitcoin but slightly nerdier and more complicated, edged up against Bitcoin in its daily volume earlier this month. In plain english, Bitcoin is much bigger in terms of monetary value, but Ethereum is being used so much that it's facilitating nearly as much business.
March 23, 2017
In New York state, neighbors are testing their ability to sell solar energy to one another using blockchain technology. In Austria, the country’s largest utility conglomerate, Wien Energie, is taking part in a blockchain trial focused on energy trading with two other utilities. Meanwhile in Germany, the power company Innogy is running a pilot to see if blockchain technology can authenticate and manage the billing process for autonomous electric-vehicle charging stations.
March 22, 2017
Blockchain technology has inherent characteristics that can be of use to many sectors, including the energy sector. Going over these characteristics will help in the evaluation of its potential in the energy landscape.
What is blockchain and how does it work?
A blockchain is a distributed, secure and transparent system of record comprising a log of transactions shared across a digital network. Each node on the network contains a complete replica of the blockchain data. The nodes are held by “miners”.
March 6, 2017
The blockchain is a revolution that builds on another technical revolution so old that only the more experienced among us remember it: the invention of the database. First created at IBM in 1970, the importance of these relational databases to our everyday lives today cannot be overstated. Literally every aspect of our civilization is now dependent on this abstraction for storing and retrieving data. And now the blockchain is about to revolutionize databases, which will in turn revolutionize literally every aspect of our civilization.
March 3, 2017
FOR SILICON VALLEY, the headline was sweet nectar: Google DeepMind, the world's hottest artificial intelligence lab, embraces the blockchain, the endlessly fascinating idea at the heart of the bitcoin digital currency.
February 23, 2017
China’s central bank is going digital.
After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to purchasing a car.
February 17, 2017
A species becomes extinct when its last existing member dies. Businesses and business models become extinct when the last existing member dies. Like natural systems, where extinction can be a result of climate, natural selection, cosmic collision, disease/epidemic, invasive species, destruction of habitat, etc., other systems, such as economic and global operational systems, are subject to and have extinction trends as well. Why is this relevant and what does blockchain have to do with extinction? Blockchain will be the cause of the next major extinction event in business.
Many of the images created by Graphcore, which are technically graphs, are based on Microsoft's ResNet – a neural network that won the ImageNet classification competition in 2015. Since then, other ResNets have been developed. This image shows the full training graph for Microsoft Research ResNet-34 architecture hosted on Graphcore's IPU from December 2016. The image is coloured to highlight the density of computation resulting the glowing centre in the convolutional layers of the graph
January 24, 2017
(The Next Web) – For players in the financial sector, the best thing to do right now would be to seriously consider the advantages of blockchain. While bitcoin is the most top of mind for the general public, blockchain is attracting the biggest forces in the finance sector with its clean reputation.
January 21, 2017
This guide will help you to find the best Bitcoin wallet for YOU!
There's no "one size fits all" Bitcoin wallet. Wallets come on different platforms with different features.
If you want the best possible wallet, keep reading...
January 22, 2017
If you’re not paying attention to what’s going on in energy, you should. We’ve seen this movie before. Spoiler alert: There’s massive economic opportunity ahead. How massive? Imagine standing in 1992, knowing that Google, Akamai, Netflix, Facebook, Amazon, eBay, BuzzFeed and Uber lay ahead.
Modern operating systems are highly complexity, leading to a large attack surface. They also constantly leak information without the user’s knowledge or consent.
No matter how many precautions you take, it is very hard to ensure your wallets is reasonably secure on an Internet connected computer.
Because Bitcoins can be stored directly on your computer and because they are real money, the motivation for sophisticated and targeted attacks against your system is very high. Previously, only large organizations had to worry about advanced attacks.
January 19, 2017
his spring, MIT Technology Review will introduce a new event, here on the Institute’s campus in Cambridge, Massachusetts. We invite you to join us at The Business of Blockchain in the MIT Media Lab on April 18, 2017.
January 15, 2017
No one enjoys paying their electricity bill. It keeps going up and up, with a bunch of new nonsense fees thrown on top every few years. What’s worse is that many parts of the world still rely on dirty fossil fuels to produce this energy. By now we have all heard about the potential of solar and other renewables to shake up the energy market, but you might not know that blockchain technology also has its place in the mix.
January 14, 2017
A few weeks ago the IRS sent Coinbase a subpoena asking us to disclose records on all U.S. customers over a three year period (this covers millions of customer accounts). Since then, we’ve spoken with the IRS, outside legal counsel, and various industry bodies. I wanted to share a few thoughts to provide better visibility into how we’re thinking about it.
January 10, 2017
In recent years, Artificial Intelligence (AI) researchers have finally cracked problems that they’ve worked on for decades, from Go to human-level speech recognition. A key piece was the ability to gather and learn on mountains of data, which pulled error rates past the success line. In short, big data has transformed AI, to an almost unreasonable level.
January 11, 2017
The year in energy storage started off with a bang as Italian utility Enel acquired a 100 percent stake in U.S.-based Demand Energy, a developer and operator of energy storage systems and software, for an undisclosed amount.
January 9, 2017
The Depository Trust & Clearing Corporation (DTCC) has selected a series of firms to help integrate distributed ledger technology into its first large-scale, real-world application.
In the single, complex deal involving a distributed ledger consortium, a stock exchange, a tech startup, a legacy computer firm and an international collection of bulge bracket banks, the post-trade financial services company has begun the process of moving a significant part of its $1.5qn-worth of transaction workflow to a distributed ledger network.
January 12, 2017
This is a classic read for anyone in the tech-space, particularly if you are enterprise focused. It studies the nature of established corporations and aims to understand why well-managed firms fail to innovate and are continually subject to disruption. Most relevant to the blockchain space, it focuses on the progression of emerging disruptive technologies from their infancy to mainstream adoption and looks at the roles that early adopters and incumbents have historically played. This is a great book to start understanding the challenges that incumbents are facing when developing their blockchain strategies.
January 3, 2017
Name a big software company involved in the cloud computing services movement, and it’s a pretty safe bet that work includes experiments involving a technology called the blockchain — the transaction processing technology that underlies the Bitcoin digital currency.
Just last week, Google disclosed its involvement in experiments by Royal Bank of Scotland, mainly for handling the clearing and settlement of financial transactions. Microsoft is involved in a similar project with Bank of America Merrill Lynch.
December 30, 2016
Blockchain technology — which enables secure, decentralized recording of information — has been picking up interest over the past year or two for the variety of important applications it could support. In the finance world, it can reliably and securely record transactions; in manufacturing, it can aid product recalls by keeping a record of the full supply chain of a product; in shipping, it can record the temperatures of medicines or perishables during transport to ensure they stay within contracted ranges; in public and corporate elections, it could confidentially but reliably record votes to vastly improve confidence in a fair outcome; and in health care, clear, unalterable records would cut down on billing and patient identity fraud.
It’s a powerful breed of technology with enormous potential, and in addition to the most well-known blockchains, Bitcoin and Ethereum, many more public blockchains have recently emerged (and CoinMarketCap currently lists 710 companies with their own cryptocurrencies).
December 23, 2016
Herein lies 17 decentralized technology predictions for 2017. Thank you to all of my colleagues for my continued education this year and feedback in writing this piece. Please take these predictions with a grain of holiday salt, in other words, not meant to be construed as professional advice.
December 27, 2016
Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social action. And yet these critical tools and the bureaucracies formed to manage them have not kept up with the economy’s digital transformation. They’re like a rush-hour gridlock trapping a Formula 1 race car. In a digital world, the way we regulate and maintain administrative control has to change.
December 22, 2017
Jeffrey Billingham is a vice president in Markit’s Processing division, and also leads the company's Chain Gang, focusing on blockchain product development, FinTech partnerships and industry collaboration involving blockchain, smart contracts and distributed ledger technology. He joined Markit in 2013 after three years at UBS, where he focused on managing operational risk in derivatives trading.
The fintech industry is growing every year, and the market is starting to fill up with financial services providers and fintech startups who are trying to fulfill customers' needs and shape the future of finance.
December 21, 2017
In recent years, AI (artificial intelligence) researchers have finally cracked problems that they’ve worked on for decades, from Go to human-level speech recognition. A key piece was the ability to gather and learn on mountains of data, which pulled error rates past the success line.
December 21, 2016
States and localities made nearly 400 sales tax rate changes in the first half of this year, a big jump of over 30 percent from the same period last year.
Sales tax technology developer Vertex found 398 sales tax rate changes in the first six months of 2017, a 30.49 percent increase from the 305 changes in the first six months of 2016.
December 17, 2017
As the blockchain technology trend has been picking up momentum, more and more start-ups have this year been hopping on the bandwagon and implementing cryptocurrency tokens and blockchain protocols as a means of crowdfunding their ventures. The 'ICO', the Initial Coin Offering, has become a phenomenon, but some may ask if it’s akin to the 'Wild West' of investing.
December 8, 2016
What do pork and rough-cut diamonds have in common?
Both are the subject of innovative supply chain traceability experiments using an emerging software system called "the blockchain." Another common denominator behind both projects: A cloud service created by IBM is responsible for getting them up and running. It also promises to help them scale up quickly.
December 6, 2017
Artificial Intelligence (AI) and Machine Learning (ML) are two very hot buzzwords right now, and often seem to be used interchangeably.
They are not quite the same thing, but the perception that they are can sometimes lead to some confusion. So I thought it would be worth writing a piece to explain the difference.
The 31st annual Trustech conference held in Cannes, France, last week, featured many of the incumbents who dominate payments, security, identification and other similar industries who help provide trust in transactions.
Mastercard, Verifone, Paypal, Google and other established players headlined the keynote stage (disclosure: where I introduced speakers and moderated a few Q&As) and had a large presence at what is thought to be the oldest conference for trust-based technologies.
December 5, 2017
Seventeen Microsoft researchers—all of whom happen to be women this year—have made their calls for what will be hot in the burgeoning realm of artificial intelligence (AI) in the next decade.
Artificial intelligence (AI) is usually built into the software we use, from automatic tagging on Facebook to chatbots in Google and Apple’s mobile operating systems. Instead of injecting AI into software, a new tool from OpenAI teaches algorithms to control a computer the way a human would: by looking at pixels and using a virtual keyboard and mouse.
December 4, 2017
Money makes the world go round, or so they say. Payments, investments, insurance and billions of transactions are the beating heart of a fractal economy, which echoes the messy complexity of natural systems, such as the growth of living organisms and the bouncing of atoms.
December 4, 2016
ere’s what you don’t want to do late on a Sunday night. You do not want to type seven letters into Google. That’s all I did. I typed: “a-r-e”. And then “j-e-w-s”. Since 2008, Google has attempted to predict what question you might be asking and offers you a choice. And this is what it did. It offered me a choice of potential questions it thought I might want to ask: “are jews a race?”, “are jews white?”, “are jews christians?”, and finally, “are jews evil?”
December 1, 2017
Neural networks, machine-learning systems, predictive analytics, speech recognition, natural-language understanding and other components of what's broadly defined as 'artificial intelligence' (AI) are currently undergoing a boom: research is progressing apace, media attention is at an all-time high, and organisations are increasingly implementing AI solutions in pursuit of automation-driven efficiencies.
November 26, 2016
Just imagine a world where you can help any human in need and help them with a push of a button. This is what Blockchain technology has the potential to become.
Blockchain technology is creating a new model for charities, which manage large amounts of money, require complex accounting and conduct a lot of research, have much to gain from blockchain technology as digital transactions and smart technology increase.
November 23, 2016
Google has previously taught its artificial intelligence to play games, and it's even capable of creating its own encryption. Now, its language translation tool has used machine learning to create a 'language' all of its own.
November 22, 2016
So far, developers are calling 'Spurious Dragon' a success.
Ethereum's latest hard fork, officially activated at block 2,675,000 today, comes days after the code was first tested as a solution to ongoing network performance issues. Among other changes, the fork will give developers the ability to delete empty accounts left by an unknown attacker that had effectively flooded the network.
November 20, 2017
Following a summons from the Internal Revenue Service (IRS) to bitcoin exchange Coinbase to reveal customer information, the firm has enacted stiff opposition to the request.
Factom, the blockchain as-a-service (BaaS) technology company, has been steadily progressing its project. The company’s most recent efforts have been a partnership with Intrinio to keep Wall Street records on the blockchain, and a grant from the Department of Homeland Security (DHS). The firm also secured 4.2 million in a funding round led by investor Tim Draper of Draper Associates.
November 18, 2016
Blockchain, the technology that powers the digital currency Bitcoin, is getting some attention as a potential way to improve the nation’s health care system.
The current health care industry infrastructure was not designed to manage information in a connected society where data flows back and forth from patients’ wearables, home computers, doctor’s offices, hospitals, insurance companies and federal agencies. Blockchain can provide technology solutions to the infrastructure challenges, according to a Frost and Sullivan report, because it can provide “interoperability, integrity and security and portable user-owned data,”
November 15, 2016
Since its inception with Bitcoin in 2008, the uses of blockchain have since exploded to include fintech, music, gambling and even healthcare. On Thursday, November 3, five blockchain and advertising technology thought leaders came together at New York’s ad:tech conference for the world’s first advertising and blockchain panel.
November 14, 2016
I don’t usually have much time for predictions, but these ones are quite tidy – and of all the analyst houses, Gartner are one of the most credible. Well worth a read…
The following are the top 10 predictions from Gartner for IT organizations in 2017 and beyond:
November 9, 2016
The Internet of Things (IoT) is a fast-growing industry destined to transform homes, cities, farms, factories, and practically everything else by making them smart and more efficient. According to Gartner, by 2020, there will be more than 20 billion connected things across the globe, powering a market that will be worth north of $3 trillion.
October 21, 2016
In a global economy with increasingly far-flung workforces, companies often need to pay contract workers in other countries. They can do it the conventional way, involving processing an invoice and either cutting a check or collecting and managing direct-deposit data. Along the way, currency has to be converted, meaning a middleman is paid a percentage to make the exchange. Or companies can pay in bitcoin. The payment with the digital currency is immediate, and if the worker lives in a country such as India that has a bitcoin exchange, there are minimal fees to convert. Compared with conventional banking, it is simpler, cheaper and faster.
February 19, 2016
OpenLedger, the first decentralized cryptocurrency exchange to offer fiat conversion with USD, EUR and CNY, is now offering people the opportunity to create their own crypto tokens backed by physical assets. In addition to this “SmartCoin” creation service, users can implement their own Graphene-powered blockchains.
January 25, 2016
TORONTO, Jan. 25, 2016 (GLOBE NEWSWIRE) -- Precious Investments Inc. (Pink Sheets:PNIK) announced today that PinkCoin tokens can now be purchased from BitGems Asset Management Ltd. (BVI) directly at the website https://pinkcoin.bitgems.io/. In addition, we have decided to change our PinkCoin cryptocurrency ticker symbol to PNIK in order to match our stocks OTC ticker symbol. PinkCoin is still available at the digital currency exchange https://coinsquare.io/, under the ticker symbol PNIK and can be bought in exchange for all other’s currencies supported by Coinsquare (Bitcoin, Ethereum's Ether, Gold, Silver, Canadian Dollars and U.S. Dollars - by wire only). On January 18, 2016 BitGems Asset Management Ltd. successfully launched the crowdsale 5 Million PinkCoins at US$1 per coin backed by a portfolio of US$5 Million of colored diamonds.
August 19, 2015
FinCEN’s stated mission is to safeguard the financial system from illicit use, combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.