Blockchain news: Blockchain Technology is the most disruptive technology since the Internet. It is the technology that everybody is talking about, but few know how and why it works. It has the power to change the world, to the extent that big entrepreneurs and blockchain experts are predicting that blockchain will be a main layer of society like the Internet currently is. Blockchain can remove third parties, increase security, make data permanent, improve consensus of peer-to-peer and many more. Blockchain technology can decentralize systems, decrease corruption and many big corporate names, as well as many governments are actively investing in the development of blockchain technology. The fight for blockchain patents is fierce and with the rate of Blockchain’s development, it will come a time soon, when not using Blockchain technology will not be practical.
In the year 2015 when the Augur project was made very much public, it raised a whooping $5.5 million in it’s ICO; an amount that showed lots of people believed in the project looking at the time it was done – an era when most people really doubted the tech as a whole.
There is a report from the UK that talks about why societies have lost trust in institutions and how blockchain, a digital ledger technology (DLT), can help rebuild it.
Bitcoin and other cryptocurrencies have been expanding all over the world. And the same happened with blockchain technology, which is very important for several companies. In Argentina, there is a group of people that spreads the word about Bitcoin and cryptocurrencies in all the country and, in the future, in all Latin America.
The largest bank in the world ICBC, is looking to adopt blockchain technology to improve international and interbank transactions.
Sanctions can be crippling, especially in the modern financial world. Blockchain technology can be used as a fresh breeze in the tense situation.
The R3 consortium has decided to test a blockchain system with 39 different companies all over the world. Among the companies we find the Colombian Central Bank. The information has been released on June the 28th by R3 on its website. At the same time, the Superintendencia Financiera de Colombia participated in the pilot.