South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug. Busan, the second-largest city in South Korea, has launched an identification app that uses a public blockchain to verify citizen information. The app was developed by Coinplug, a Korean startup working within the regulatory sandbox […]
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Bitcoin reserves on cryptocurrency exchanges sank to a 12-month low, indicating investors are accumulating BTC. According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase. On June 6, various media outlets reported that Coinbase may sell its blockchain intelligence […]
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Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists. Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain technology has been widely recognized, […]
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Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach. On May 26, Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, stated that moving forward, the best way to harness the potential of central bank digital […]
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Professional service giants like the Big Four are innovating in the blockchain and crypto space. Is it enough to make an impact? Blockchain technology, along with the adoption of cryptocurrencies, is gaining momentum. The enterprise blockchain market is expected to reach $21 billion over the next five years. Just eleven years on, and both sectors […]
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South Korea’s largest public blockchain, ICON, has released its Blockchain Transmission Protocol, allowing individual blockchains to interact and communicate with each other. ICON (ICX), South Korea’s largest public blockchain project, released its Blockchain Transmission Protocol (BTP) on May 28. The protocol enables interoperability between individual blockchains, facilitating value transfer, service invocation and data exchange. Connecting […]
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JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure. According to a claim by Harvard Business Review, blockchain will do to banks what the internet did to the media. When it comes to the banks and financial organizations of today, blockchain has the potential to […]
Continue ReadingHow secure is blockchain technology? Experts weigh in on the complex differences between public and permissioned blockchains. Blockchain technology has become synonymous with privacy and security, but those very characteristics have been put to the test over the past decade. With historical roots embedded in cryptography, many blockchain and cryptocurrency projects purport to offer unbridled […]
Continue ReadingEven though cross-chain systems are gaining more attention, experts believe it will take some time for this technology to evolve and mature. As per a detailed report released by accounting giant Deloitte at the World Economic Forum on the subject of blockchain interoperability, this fast-evolving technology still has some distance to tread before it can […]
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Universal basic income models based on blockchain systems are being developed, but are they practical? Universal basic income, commonly referred to as UBI, dates back to the 16th century when Sir Thomas More depicted a society in which every person receives a guaranteed income in his famous book Utopia. While Utopia is a fictional work, […]
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