Global blockchain unicorn Bitfury launches music business

NEW YORK (Reuters) – Global blockchain company The Bitfury Group, valued recently at $1 billion, announced on Wednesday the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain. The open-source platform, named SurroundTM, will encourage collaboration and promote innovation within the industry, the company said. Blockchain, which first emerged as […]

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Chevron, Total and Reliance join oil blockchain platform Vakt

LONDON (Reuters) – Oil majors Chevron (CVX.N) and Total TOTP.PA, along with major Indian refiner Reliance Industries (RELI.NS), have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot schemes for commodities trading to go live. The firm […]

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This 26-year-old dropout is saving people big bucks with her blockchain business

Maxine Ryan is not your typical blockchain buff. A 26-year-old college dropout, she has virtually zero formal tech training and is skeptical of the string of volatile cryptocurrencies it has spawned. In fact, five years ago Ryan was a self-confessed “newb” – tech speak for total newcomer – to the digital ledger system. Even today, she says she’s no expert. […]

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UAE Banks Federation Considers Adoption Of Blockchain In Banks

UAE Banks Federation or UBF, a non-profit organization representing 50 member banks in the country, is exploring the adoption of blockchain in its member banks, according to the Dubai-based newspaper Gulf News. The CEOs Advisory Council of the UBF discussed the use of blockchain to enhance know-your-customer or KYC processes at banks. The council also reviewed other major topics such […]

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New blockchain technology course to meet demand in workforce

SINGAPORE – A new beginner’s course to meet the growing demand for talent in blockchain technology will start at Singapore Polytechnic (SP) in February next year. Targeted at working professionals, Fintech – Blockchain (Beginner) will include classes on creating cryptocurrencies, setting up of a blockchain system and developing smart contracts. Students will also explore the impact of the emerging blockchain […]

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First Blockchain loan closes in Latin America amid transparency concerns

NEW YORK, Dec 13 (LPC) – Brazil’s Itaú Unibanco completed Latin America’s first-ever club loan through a blockchain platform this month, and while the transaction paves the way for the region’s banks to test the ledger technology, doubts linger over its transparency. Itaú’s US$100m proof-of-concept loan, provided by Standard Chartered and Wells Fargo, utilized the R3 Corda Connect blockchain platform, […]

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Some Companies Prefer ‘DLT’ To ‘Blockchain’: Report

A new research report shows that some companies are dropping the word “Blockchain” altogether saying it is over-hyped, and instead prefer “distributed ledger technology” or DLT. According to Forrester Research’s report titled “Predictions 2019: Distributed Ledger Technology”, many companies are over-hyping the usefulness of blockchain or using the name of the technology to repackage existing services. The report describes the […]

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Blockchain: How Oracles Make Smart Contracts Work

An oracle has long described a person through whom a deity speaks, or a person known for giving wise or authoritative decisions or opinions, but in the cryptoverse, oracles have a different definition. Oracles are code connecting a blockchain with the real world. They provide the data that smart contracts need in order to execute successfully. Oracles are, ironically, an intermediary […]

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Nasdaq Gets Patent For Blockchain-Based Information Release System

Nasdaq has won a patent from the United States Patent and Trademark Office or USPTO for a blockchain-powered smart contract-based information release system. With this , the exchange is aiming to manage the release of information for the media industry. The patent, which was filed on January 27, 2017, is for an information computer system for securely releasing time-sensitive information, […]

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