Posts Tagged: blockchain

Ripple CEO: ‘Blockchain Tourists’ Aren’t Creating Real World Use Cases

Blockchain

Ripple’s CEO has said that there are too many people using blockchain as ‘a buzzword,’ who aren’t developing real world use cases. During a Q&A session on Quora, Brad Garlinghouse, Ripple CEO, said: “Blockchain is like the new big data or AI – too many people are using it as a buzzword and not focused [on]… Read more »

Indian State Intends to Use the Blockchain to Protect Citizen Data

Blockchain

The Indian state of Andhra Pradesh has announced it is working with cybersecurity firm WISeKey to store citizens data on a blockchain securely. Andhra Pradesh, bordering India’s southeastern coast, is the seventh largest state in the country. In an announcement, Swiss-based WISeKey and Andhra Pradesh will explore blockchain technology proof-of-concepts as pilot projects across a variety… Read more »

South Africa’s Central Bank Says It’s ‘Too Risky’ to Issue Digital Currency

Digital Currencies

The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin…. Read more »

Bitcoin Critic Mark Cuban Backs Coinbase Employee’s Token Fund

  Is Mark Cuban having a change of heart regarding the cryptocurrency space? The billionaire entrepreneur and investor said recently that he wants a slice of the sector despite saying that bitcoin is in a bubble. According to reports, Cuban is investing in 1confirmation. It’s headed by former product manager at Coinbase and Runa Capital principal, Nick… Read more »

Indian States Look to the Blockchain Technology to Record Land Deals

Blockchain

Two Indian states are reported to be exploring the blockchain to record land deals to bring transparency to a corrupt system that leaves the poor at risk. With the aid of the distributed ledger it is hoped that it will modernise an outdated system and boost economic growth. The southern states of Andhra Pradesh and Telangana… Read more »

Innovate UK Seeks Blockchain Pitches in £8 Million Startup Competition

UK Blockchain

A U.K. government agency is reaching out to blockchain startups in a competition that is focused on digital health solutions. In a notice from Innovate UK, a nondepartmental public office that is designed to promote innovation through grants and investments, it is offering up to £8 million for U.K. businesses to work on innovation projects… Read more »

Russian Airline Uses the Ethereum Blockchain for Flight Tickets

Russian Airline S7 Ethereum

Russian airline S7 has revealed that it is now utilising the ethereum blockchain to sell flight tickets with backing from the country’s largest private bank. Reported in regional newspaper Kommersant, Russian airline PJSC Siberia Airlines, known as S7, and Alfa-Bank started using the blockchain to sell flight tickets on Monday 24th July. The report states that one of… Read more »

South Africa’s Central Bank to Start Testing Digital Currency Regulations

Digital Currencies

The South African Reserve Bank (SARB) has announced that it will begin testing regulations for digital currencies such as bitcoin. During the first seven months of 2017, the digital currency market has experienced huge gains with slight drops in between. At the beginning of the year bitcoin was valued at $1,000; however, its price has… Read more »

The World Bank Launches Blockchain Lab to End World Poverty

Blockchain

The world’s biggest international financial institution that provides financial and technical assistance has launched a blockchain lab aimed at improving life in developing nations. Established in 1944, the World Bank Group is located in Washington, D.C., with more than 10,000 employees worldwide in over 120 countries. With more than one billion people living in poverty worldwide in… Read more »