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.
Blockchain technology is being used by several companies and industries around the world. Even banks and governments are using and testing the technology. Now, the Bank of England us undertaking a proof-of-concept (PoC) in order to better understand how blockchain technology would work with the Real Time Gross Settlement (RTGS) service.
Enterprises around the world are implementing blockchain technology to improve processes and reduce costs. That allows companies to become more efficient. The Indian shipping conglomerate known as JM Baxi Group announced that is working with IBM in order to explore blockchain solutions of the logistic market.
Smaller than a grain of salt, IBM’s Cryptographic Anchors will unite with blockchain to eliminate product counterfeiting
The IBM Cryptographic Anchors will combine with blockchain databases to track goods from point of manufacture to the final consumer – to help prevent counterfeiting in the manufacturing and supply chain sector.
Blockchain technology is being embraced by companies and governmental agencies all over the world. In the United States, the US Department of the Treasury offered advice to government agencies that may be interested in using blockchain technology. The advice has been made proposition to hep other agencies has been made through a blog post on the webpage of the Bureau of the Fiscal Service (BFS).
Cryptocurrency and blockchain technology seems to have taken over traditional concepts as the new norm. A simple Google search of the two terms yields innumerable results, confirming the level of concern with which they resonate in the current society. As more people gain an understanding of cryptocurrency and blockchain technology, it is imperative to learn […]
It is absolutely true that Blockchain is going to bring in a revolution but we have to see how effective it actually turns out to be. Google, on the other hand, is showing a lot of interest in the blockchain. It believes that it can help grow their business a lot and not only Google but also other businesses like PayPal are also looking forward to this new technology