A new study has found that hackers can use appliances that are connected via the Internet of Things (IoT) to set off widespread blackouts. The data from a Princeton University study found that hackers are able to take control of washing machines, refrigerators, air conditioners, and other connected devices to “manipulate the power demand in the grid,” […]
Continue Reading
Kansai Electric Power Co. will explore how the technology could be used to redefine electricity sales to consumers. A four-way partnership between major Japanese companies will conduct research into the possible use of blockchain in distributed electricity supply, a press release announced Monday, Oct. 15. Kansai Electric Power Co. (Kepco) will work with Mitsubishi UFJ […]
Continue Reading
A brief history of how IBM has established itself as a leader for innovative blockchain solutions around the world. The adoption of blockchain technology is slowly taking shape across a multitude of industries. At the forefront of the amalgamation of payment systems and logistics is US tech giant International Business Machines Corporation (IBM), which has […]
Continue Reading
An interview with Mr. Roubini about “buggy” smart contracts, Ethereum being a scam, why he might want to give the industry another try The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to […]
Continue Reading
The famous crypto-hater testified to the US Senate committee alongside the blockchain advocate Peter Van Valkenburgh. Normally, there is very limited room for drawing legitimate comparisons between a Senate hearing and an Mixed Martial Arts (MMA) fight. Yet the hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem,” which took place on October 11, 2018 on the […]
Continue Reading
HSBC and Standard Chartered have vowed to continue supporting Chinese companies amid ongoing trade tensions, according to reports Wednesday (October 10). Global Trade Review said the FIs, which operate as two of the largest trade finance providers in Asia, have emphasized their commitment to the Chinese market and existing government initiatives including Made In China […]
Continue Reading
Technology from the Mobility Open Blockchain Initiative’s tournament for blockchain in auto tech will be showcased publically at an event hosted by BMW next year. The Mobility Open Blockchain Initiative (MOBI), and the Trusted IoT Alliance (TIoTA) have launched a tournament for blockchain applications in vehicles, according to an official press release published Oct. 10. […]
Continue Reading
What “Blockchain Promotional Act 2018” might mean for the US industry. Last week, two US lawmakers introduced a bill dubbed the “Blockchain Promotional Act 2018” in the House of Representatives. Its main purpose is to establish a common definition of ‘blockchain’ technology along with a blockchain working group that would potentially overview studies for federal […]
Continue Reading
Big Four Auditors PwC, KPMG, EY, and Deloitte are building infrastructure to help conglomerates adopt blockchain technology. PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG, better known as the “Big Four” auditors, all have established solid long-term blockchain roadmaps to remain relevant in the cryptocurrency and blockchain space. The four professional services conglomerates, which […]
Continue Reading
Law enforcement agencies and the military could benefit from blockchain as much as financial institutions do. Blockchain-based systems’ decentralized nature makes for their formidable resiliency to the outsiders’ attempts to infiltrate or take down such networks. Governments, law enforcement agencies and even military leadership around the world seem to be embracing a more blockchain-friendly way […]
Continue Reading