Decentralized Identity: How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data

Microsoft continues its blockchain streak, empowering users to own personal data. Microsoft, one of the world’s largest software makers by revenue, is currently on a blockchain streak. This time, Microsoft presented a vast blockchain-related plan: a decentralized identity (DID) network built atop of the bitcoin network, which can potentially empower users all over the internet […]

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Facebook Registers New Fintech Firm in Switzerland

Facebook has registered a new fintech firm that will center on blockchain, payments, data analytics, and investing. Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks LLC, according to a filing on the Geneva Commercial Register. Libra Networks was registered in Geneva on May 2 by Facebook Global Holdings II LLC. […]

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RIF Labs Launches 3rd-Layer Scalability Solution Capable of Processing Up to 5K TPS

RIF Labs — the organization behind behind off-chain bitcoin infrastructure layer RIF OS — has launched a third-layer scalability solution. RIF Labs — owner of bitcoin-based smart contract sidechain Rootstock (RSK) developer RSK Labs — has launched a third-layer scalability solution capable of processing up to 5,000 transactions per second. The news was revealed in […]

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Three French Banks Join R3 Corda Blockchain-Based Loans Platform

BNP Paribas, Natixis, and Societe Generale have joined Finastra’s syndicated lending platform Fusion LenderComm. British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform […]

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Microsoft Builds Decentralized Identity Network Atop Bitcoin Blockchain

Microsoft is developing a decentralized identity network because, “every person needs a decentralized, digital identity they own and control…” Microsoft is building a decentralized identity (DID) network atop of the bitcoin blockchain, the tech giant announced on May 13. In a blog post, the company said the infrastructure, known as the Identity Overlay Network (ION,) is based on […]

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Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO

Joseph Lubin, Vitalik Buterin, ConsenSys, and the Ethereum Foundation donate 1,000 ETH apiece to new Ethereum infrastructure development fund. Ethereum founders Joseph Lubin and Vitalik Buterin and their respective organizations ConsenSys and the Ethereum Foundation are each donating 1,000 ether (ETH) to the Moloch decentralized autonomous organization (DAO). This donation brings the organization’s total funds […]

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Orchid Labs Secures $7 Mln Towards Development of Protocol to End Internet Surveillance

San Francisco-based blockchain and software firm Orchid Labs raised another $7 million within its latest private offering. United States-based blockchain and software development firm Orchid Labs has raised another $7 million within its latest private offering, according to a blog post published on May 7. Following the new raise, Orchid now has secured $43 million […]

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