Bitcoin Cash Use in Commerce Sees Significant Decrease
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has decreased, according to blockchain analytics firm Chainanalysis, Bloomberg reported August 20. A group of analysts from Chainanalysis found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while […]
Alarm Over Bitcoin Mining
The amount of electricity consumed by bitcoin mining is not the global environmental crisis it is often portrayed to be. This is the professional assessment of Dr. Katrina Kelly-Pitou, a research associate in electrical and computer engineering at the University of Pittsburgh. ‘New Technologies Are Energy Intensive’ Writing in an article penned for non-profit academic media outlet […]
Chinese Retail Giant JD.com Launches Open Blockchain Platform
JD.com, China’s largest retailer and e-commerce provider, has deployed an open blockchain platform to enable customers to have their own blockchain solutions to improve the transparency, efficiency and security of their operations, the company announced on its corporate blog. The JD Blockchain Open Platform expands the company’s Retail as a Service and will allow customers […]
IBM Applies for Blockchain Patent to Ensure Transaction Compliance via Nodes Data
Tech giant IBM has applied for a blockchain patent for the development of transaction data identifiers based on nodes, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) Aug. 16. The system described in the patent, entitled “Node Characterization in Blockchain,” intends to introduce a method of data extraction from […]
Blockchain Used to Trace Deadly Chemical Linked to $289 Mln Monsanto Cancer Lawsuit
Food safety firm ZEGO is using blockchain to test products for residue of a deadly chemical tied to a recent $289 million Monsanto lawsuit, according to a press release published August 16. Earlier this month, Monsanto was fined $289 million in damages after a court ruled in favor of a plaintiff’s claims that the company’s […]
US Border Officials to Test Blockchain
U.S. Customs and Border Protection (CBP) plans to trial blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates. CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency was beginning a “live fire testing” of a blockchain platform to certify that imported products […]
South Korea Budgets a Trillion Won for Blockchain Tech in 2019
South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation […]
Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain
The Hong Kong University of Science and Technology Business School has received a $20 million research grant to improve the security capabilities of electronic payment systems, China News reported August 12. The Hong Kong University of Science and Technology (HKUST) Business School has reportedly partnered with the University of Hong Kong (HKU), the Chinese University […]
