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.
China, one of the most important countries in the world, has the intention to create a committee for blockchain standards. The information has been released by the Chinese Ministry of Industry and Information Technology (CMIIT). In the document published by the entity, there is a list of objectives that aim to encourage the development and standardization of blockchain technology and other IT sectors.
This is not the first time that we write about a company embracing blockchain technology to offer better security or an improved service. There are hundreds of enterprises that use blockchain technology in order to increase their efficiency. Now, the US Postal Service is planning to introduce a blockchain system for support in deploying basic post activities.
It is now apparent that China’s stock exchanges are out to block companies from spreading false information around the blockchain technology, a move that has greatly influenced their share price.
Different enterprises are starting to move towards Blockchain technology. The South Korean internet Giant, Kakao, is ready to enter the cryptocurrency market by launching its own token: Kakao Coin. The intention is to create a blockchain subsidiary and integrate the users and merchants that use the platform.
The firm has announced that its venture extension is partnering with Blockdaemon in a hefty $3.3 million investment project.
The European Commission has shown support for FinTech and Blockchain technology in a press release unveiled on Thursday. The title of the release is: “FinTech: Commission takes action for a more competitive and innovative financial market,” and exposes an action plan for technology developments to move forward.