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] …
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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 …
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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. …
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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 Tomaino. …
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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 With the aid of the distributed ledger it is hoped that it will modernise an outdated system and boost economic growth.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 …
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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 …
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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 …
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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 …
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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 …
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Bitcoin as we know it doesn’t exist in a paper form, which is one of the reasons why it’s so popular, but there are many who may have wondered what bitcoin paper bills would look like if it was in circulation. Well now, we can have some idea of what they may look like. In …
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A man known for his ability to make uncanny predictions with future innovations has said that he won’t be putting money into bitcoin, stating that the digital currency won’t be the replacement for fiat currencies. Ray Kurzweil, Google’s director of engineering, made these comments at the Exponential Finance Summit, a New York City technology conference that was …
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The road to mainstream adoption of the Bitcoin is a long and hard one, but the Bitcoin is seeing global adaption every single day for the payment system as well as for the Blockchain technology. Now BitGold, a site allowing people to buy and sell gold peer-to-peer, announced it will be using the Bitcoin technology …
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