Is blockchain living up to the hype?

Posted by & filed under Bitcoin, Blockchain.

Is blockchain – the technology underpinning the cryptocurrency – is fulfilling its promise, or a tech still looking for a better reason to exist. There have been some very grandiose claims made about blockchain. Source: BBC Business Technology Date: January 16th, 2020 Link: https://www.bbc.com/news/business-45919700 Discussion 1) Do you understand what the difference is between Bitcoin and Blockchain? 2)… Read more »

Coca Cola Using Blockchain for $21-Billion-Per-Year Network

Posted by & filed under Bitcoin, Blockchain.

With blockchain, Coke One North America expects to reduce the duration of order-reconciliation from 50 days to just a few days. An inter-organizational, transparent distributed ledger will give real-time insights into the transactions made by all the different bottlers on the network, which generates over $21 billion in revenue per year. Source: CoinTelegraph Date: November… Read more »

Big Four Firm KPMG Identifies Top Four Skills Required for Blockchain Career

Posted by & filed under Blockchain, Career, Uncategorized.

Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career, in a press release shared with Cointelegraph on May 16. KPMG suggests that an increasing number of companies will investigate blockchain technology this year. “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists,” the firm states,… Read more »

‘Child porn links could make Bitcoin blockchain illegal’

Posted by & filed under Blockchain, Disruptive Innovation, Ethical issues, IT and the law.

Researchers in Germany have found hundreds of links to child sexual abuse imagery on Bitcoin’s blockchain. This could make using the blockchain, a digital ledger of crypto-currency transactions, illegal.  The study, from RWTH Aachen University, also said other files on the blockchain may violate copyright and privacy laws.  Researchers said they had found eight files with sexual content…. Read more »

Startup Codex Brings Blockchain to Art With Backing From Pantera

Posted by & filed under Blockchain.

Verifying authenticity or provenance is one of the art industry’s biggest challenges. Blockchain can help. Blockchain is a potentially revolutionary technology for all sorts of industries, from finance to food safety, social media and retail. A startup plans to use it in the notoriously opaque world of fine art to verify authenticity.  Codex has developed a decentralized database… Read more »

What Do Cryptocurrencies Have to Do with Trust?

Posted by & filed under Bitcoin, Blockchain.

Bitcoin and other “cryptocurrencies” have been much in the news lately, in part because of their wild gyrations in value. Michael Lee and Antoine Martin, economists in the New York Fed’s Money and Payment Studies function, have been following cryptocurrencies and agreed to answer some questions about digital money. Source: Federal Reserve Bank of New York… Read more »

IBM, Maersk Form New Blockchain Company for International Cargo

Posted by & filed under Blockchain, Disruptive Innovation, Emerging Technologies.

IBM and A.P. Moeller-Maersk A/S have started a company that will use new technologies such as blockchain, a digital ledger best known for underpinning bitcoin, to track cargo movements and automate paperwork for shipping across international borders. Source: BusinessWeek Date: January 16th, 2018 Link: https://www.bloomberg.com/news/articles/2018-01-16/ibm-maersk-form-new-blockchain-company-for-international-cargo Discussion 1) It is becoming more and more apparent that blockchain technology is going to… Read more »

What is blockchain and how does it work?

Posted by & filed under Blockchain.

Blockchain is one of the buzzwords in modern-day financial transactions. But what exactly does it mean and how does it work? Source: BBC Asia Date: January 11th, 2018 Link: http://www.bbc.com/news/av/business-38932854/what-is-blockchain-and-how-does-it-work Discussion There are perhaps hundreds of thousands of videos “explaining” how Blockchain works.  I picked this one in particular because it talks about what I think is going… Read more »