Blockchain is propagating, thus transforming economies, businesses, infrastructures, technologies in the financial sector. A digital ledger that keeps a record of peer-to-peer transactions. The recorded data on one block is related to the previous block. The first use of blockchain was related to Bitcoin. However, blockchain technology’s potential applications are not only limited to finance or crypto transactions but other areas, be it recording medical records, personal inf

The economy has exhausted today’s generation. It’s no longer about finishing school, earning a prestigious degree, landing a six-figure salary, and settling down. It is about creating your identity with your uniqueness. Today’s generation is striving to bring out the best in themselves, creating original content every day rather than succumbing to standards. With the social revolution taking place, all that matters is how qualitatively a service is being provided. And it beca

Xavier Bettel, the Prime Minister of Luxembourg, has planned to “keep looking forward” and “keep taking risks” for blockchain. It has been reported that Bettel described blockchain as mainly about “cryptocurrencies and hype” by jokingly saying that he could create a nonfungible token (NFT) of his scarves and “make a lot of money in a very short time.” He said: “My government’s goal is to make out of Luxembourg the digital frontrunner it already is. It is in the frontrunner’s

National Basketball Association (NBA) team owners are forming a committee to investigate blockchain use-cases for the NBA. Named the “Blockchain Advisory Subcommittee,” members include Mark Cuban, Joe Tsai, Ted Leonsis, Steve Pagliuca, Vivek Ranadive, and Ryan Sweeney. It has been reported according to Sportico that the goal of the subcommittee is to “explore ways to integrate blockchain across the league’s business.” However, two obvious possible use-cases include ticketing

Compound Finance, the decentralized finance (DeFi) lending protocol, has revealed a new blockchain to enable cross-chain collateral. It has been reported that it is the latest move to mitigate expensive operations on the Ethereum network and enable more interoperability in the DeFi ecosystem. However, the new Gateway chain has been described as a cross-chain interest rate market that allows users to borrow assets that are native to one chain, such as Ethereum, with collateral

Wolfram Blockchain Labs, the cryptocurrency-centric division of Wolfram Alpha, has added support for Tezos on its platform, providing a two-way interface with the blockchain. It has been reported that the integration adds support for Tezos blockchain data within the Wolfram Language, which allows developers to obtain analytical data from the blockchain. However, the language specializes in advanced statistical queries that analyze smart contract activity, and the integration

Yemi Osinbajo, the Vice President of Nigeria, has spoken positively about crypto and blockchain. Osinbajo said during the Central Bank of Nigeria (CBN) Bankers’ Committee Economic Summit: “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot yet imagine. We need to be prepared for that seismic shift, and it may come sooner than l

Siam Commercial Bank (SCB), the oldest bank in Thailand, has announced a new $50 million fund to invest in global blockchain, decentralized finance (DeFi), and digital asset startups in their early and growth stages. It has been reported that the fund is just the latest of Siam Commercial Bank’s forays into the blockchain and fintech space. The institution has previously partnered with Ripple on a blockchain-powered mobile app and worked with Azimo to use RippleNet for cross-

In response to the Executive Order titled Promoting the Use of Trustworthy Artificial Intelligence in the Federal Government, the Government Blockchain Association, GBA, is pleased to announce that we are launching the AI for Government Community, led by Mr. Oki Mek, the Chief Artificial Intelligence Officer, (CAIO), for US Health and Human Services, (HHS). Mr. Mek, along with Jose Arrieta, Former CIO at HHS, developed Accelerate, the first blockchain-based program in the Fed

Report said that the number of major companies has added to the annual tally that is applying blockchain and DLT-based solutions to problems regarding supply chains, product tracking, and shipping information. It has been reported that more than half of companies added to the Forbes Blockchain 50 list for the first time this year are using blockchain to resolve logistical issues faced in their line of business. However, according to Forbes, “hundreds of sizable companies are

Report said that the first phase of Switzerland’s two-part crypto and blockchain regulatory framework went into effect on February 1 (Monday). In September 2020, the country’s parliament passed an expanded regulatory framework for crypto and blockchain technology in the country. It has been reported that the implementation of the new regulatory paradigm will help to improve Switzerland’s burgeoning crypto and blockchain scene. Industry stakeholders in the country praised the

Your Home. Your Moments. Your Privacy. When it comes to digital space, privacy is the prime concern for a number of users. Somehow, the very space seems plagued from constant data breaching to manipulating the trust of the people, misleading them through digital platforms, gradually proceeding towards losing the trust of the people from IoT. The emergence of IoTeX in 2017 innovated solutions to fix the disruption with the introduction of smart devices backed with blockchain.

Sberbank, the largest bank in Russia, has filed an application with the Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin. It has been reported by a local financial event Russian news agency Interfax that Sergey Popov, the Director of the Transaction Business at Sberbank, announced the news on January 21. At “Digital transformation and prospects for regulating the digital economy,” Popov said that Sberbank applied with the central bank in early Janu

Norilsk Nickel (also known as Nornickel), the Russian-based largest producer of palladium and high-grade nickel and a large producer of platinum and copper, has joined an initiative called the Responsible Sourcing Blockchain Network (RSBN). It has been reported that the RSBN is the outcome of an initiative by the global sourcing audit and advisory RCS Global Group. Aimed at improving the transparency, traceability, and verification of sustainable practices in the minerals and

Hashed, the South Korea-based crypto asset fund managers, has raised $120 million to fund new blockchain ventures in the so-called “protocol economy.” It has been reported that the funds were raised through Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment. However, the company has yet to disclose its backers, though a spokesman indicated that some of South Korea’s largest IT companies are involved. The company said: “Hashed pla

Germany is looking to pave the way for securities trading on the blockchain, as the German word for securities is wertpapieren (papers of worth), which may soon be as outdated as nocturnal traders saying they are burning the midnight oil. It has been reported that Merkel’s cabinet had passed a new law that will end the requirement to have a paper certificate for the sale of a security, overtly looking to advance blockchain trading within the country. Olaf Scholtz, the Finance

The COVID-19 pandemic is still going on and this is the time to enjoy the winter season, explore, and read books, in our comfortably cozy rooms, especially the book lovers. As most of the people are still working from home and gaining knowledge from different modes of gadgets, we are going to introduce some of the books that are recommended by the blockchain leaders. So, here is a list of non-crypto-related book recommendations from the biggest thought leaders in the blockcha

The Ukrainian Ministry of Digital Transformation has released a web series to educate citizens about cryptocurrencies, blockchain, and Bitcoin (BTC). It has been reported that the show premiered on last Wednesday and was developed in collaboration with Binance, Hacken, and Crystal Blockchain, as part of the Ukrainian government’s “Diia.Digital Education” program. However, the show consists of eight episodes of six to 12 minutes each that explain the basic concepts of cryptocu

Charity is an organization set up to provide help and raise money for those in need. And charitable organizations encounter barriers to success due to a lack of transparency, accountability issues, and limits to the ways they can accept donations. We can say that charities face declining donations among the young, increasing skepticism over CEO pay, and concerns about where donations end up. The term charity has been used and abused, and much of the public is no longer willin

The Australian government has launched an international blockchain trial with Singapore to promote blockchain to public servants, as the latest action in a series of pro-blockchain efforts. It has been reported that the Australia Border Force (ABF) launched a blockchain trade trial in collaboration with Singapore Customs and Singapore Infocomm Media Development Authority to test digital verification systems. Michael Outram, the Commissioner of ABF, said: “This initiative will