South Korea’s government is set to triple its budget for 2019 to support blockchain industry. The South Korean government has agreed to invest $35 million in next year’s budget to develop blockchain technology and industry related to distributed ledger technology (DLT), South Korea’s largest economic information service company Korea Economic Daily reported Nov. 8. South […]
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IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology. IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology, according to a press release shared with Cointelegraph Nov. 8. The project will reportedly use IBM’s Blockchain […]
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A recent report by Forrester Research found that companies are stopping to use the word “blockchain” in favor of “DLT,” as they feel the word is overhyped. A new report from Forrester Research states that some companies are stopping to use the term “blockchain” because they think it is overhyped, business magazine Fortune reported Nov. […]
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The U.S. CFTC chairman Christopher Giancarlo said that market regulators must keep pace with technological innovations. The U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said in a speech Nov. 7, that technological advances, including Distributed Ledger Technology (DLT), could help regulators better oversee trading markets. Giancarlo delivered his speech titled “Quantitative Regulation: Effective […]
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Did E&Y beat Ethereum to the post with their zero-knowledge proof prototype for private transactions on public blockchains? Multinational auditing and consulting firm, Ernst & Young (EY), announced on October 30 the launch of their EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum […]
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The Depository Trust & Clearing Corporation (DTCC) is entering the testing phase of its re-platformed Trade Information Warehouse using DLT. Global post-trade market infrastructure giant The Depository Trust & Clearing Corporation (DTCC) is entering the testing phase of its replatformed Trade Information Warehouse (TIW) based on distributed ledger technology (DLT), according to a press release […]
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Bank of America leads in the blockchain patent race On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and […]
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IBM has applied for a blockchain patent aiming to deter augmented reality game players from intruding on undesirable locations. Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the […]
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Blockchain adoption in the field of precious metals. This week, two major news within the precious metals industry broke. First, the world’s largest diamond company, Russia’s Alrosa, joined a blockchain project aimed at increasing transparency. Secondly, the world’s largest bank, JPMorgan, reportedly started to use its blockchain to tokenize gold. Indeed, blockchain has been pioneering […]
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Maltese politician and member of EP Roberta Metsola claimed that decentralization powered by blockchain “provides more security.” Maltese politician and a Member of the European Parliament (MEP) Roberta Metsola claimed that decentralization powered by blockchain “provides more security,” Cointelegraph learned during her speech at the Malta Blockchain Summit on Friday, Nov. 2. Addressing the summit, […]
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