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Blockchain Data World Storage

How is Blockchain Technology Market Going to Rise at High CAGR of 38.4% Till 2025?

The global Blockchain Technology Market is forecast to rise exponentially in the coming years. The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry.

In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global blockchain technology market in 2017. The segment will gain further impetus following introduction of bitcoin. “Rampantly increasing cyber-attacks and frauds in the BFSI industry accounts for millions of dollars. This has become a global concern. To make the technology used in the industry safer and more secure, Deloitte and Microsoft Azure and other tech giants are offering blockchain services,” said a lead analyst.

In terms of deployment, the proof of concept segment is gaining traction and is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is backed by high need of transparent transaction across industries such as healthcare, retail and BFSI.

blockchain technology market

Increasing Demand for Secure Blockchain Technology to Guarantee Growth at Promising Rate

Government initiated awareness programs regarding benefits of blockchain technology among undeveloped nations is anticipated to fuel the demand in the global blockchain technology market“, said a lead analyst at Fortune Business Insights.

Increasing adoption of e-financial services and rapid adoption of the blockchain technology in developed nations are expected to drive the global blockchain technology market during the forecast period.

Increasing number of new blockchain products and their approval grants is also anticipated to act as a driving factor for the global Blockchain technology market.

Partnerships Among Key Market Players and Blockchain Developers Driving the Market in North America

North America emerged dominant in the global blockchain technology market in 2017. The North America market was worth US$ 820 Mn in 2017. The region will continue leading the market at a global level through the forecast period. Growth witnessed in the market is also attributable to recent collaborations between market players in the U.S. and blockchain service provides. Europe is also anticipated to witness impressive growth during the forecast period owing to high presence of blockchain technology developers.

In 2017, IBM was the leading organization in the global Blockchain technology market. Other companies operating in the global market are Oracle Corporation, Deloitte, Microsoft Corporation, IBM Corporation, The Linux Foundation, Chain Inc., Consensus Systems, Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), VironIT, Altoros, and Fintech & Blockchain Software House.

Source: https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Welcome to the Universal Wallet and Exchange, Groestlcoin.

If you thought about holding or exchanging GRS Groestlcoin, now you can do so directly with your HolyTransaction Universal Wallet.

It’s now possible to add GRS wallet to your dashboard and use it to access and exchange 25 different crypto, instantly. This is just one of the many recent adoptions that increased the possibilities of pur platform, by bringing the number of cryptocurrencies accepted to 25.

Now you are free to store GRS on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to GRS. All HolyTransaction customers can create a new address for their own Groestlcoin Wallet.

Groestlcoin Wallet features
Just like Bitcoin and all the other 24 digital currencies supported, you can now:

• Send GRS to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange GRS with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest Groestlcoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

About GroestlCoin:

Groestlcoin is a fast and secure coin with almost zero fees that is privacy oriented. Launched on 22nd March 2014 with a focus on technological advancement, Groestlcoin has major development releases every 3 months.

Groestlcoin is a blockchain pioneer due to it being the first coin that activated SEGWIT and first to performed Lightning Network transactions on mainnet.

“ You can send GRS across the blockchain with almost zero fees. The fee for transferring 10,000 GRS with Groestlcoin Core wallet is  0.000045 GRS, that means $0.0006 at current price.”

The Groestlcoin Team has developed wallets for every platform: Android, iOS, BlackBerry, Windows, macOS, Linux, Chrome OS and Web. And besides that, the Groestlcoin Samourai wallet enables you to send GRS anonymously.

“The Groestlcoin Samourai wallet, boasts its anonymity and security, as it allows for private stealth addresses with both TOR and VPN support, as well as onboard AES-256 encryption.”

The main idea of creating Groestlcoin was to establish an electronic payment model that was purely based on mathematical proof. It uses the proof of work system (POW) to facilitate secure online money transactions. A system that is independent of influence from centralized authorities, a currency transferable electronically, and instantly at a very small fee.

Using 2 rounds of Grøstl-512 mining algorithm, makes Groestlcoin an ASIC resistant cryptocurrency.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
bitcoin block size

Bitcoin block size: UASF updates its proposal

A controversial Bitcoin block size proposal has been upgraded.

UASF, in fact, is a new idea proposed by a pseudonymous contributor called Shaolingfry.

She/he wants to solve the bitcoin block size debate with a user activated soft fork (UASF), a possible method arount the actual deadlock over the Segregated Witness (Segwit) solution.

Right now, the need for a majority consensus in order to make a decision means  that any mining pool with enough hashing power has the veto power over any proposal; this might be the reason why SegWit is tardy to arrive.

Conversely, UASF wants to bypass the veto power and put the decision only into the hands of bitcoin’s users.

After a first general UASF proposal, Shaolinfry suggested a change – BIP148 – in order to moving the power out of the miners’ decision and give it to the “economic majority”.

Gregory Maxwell and other bitcoin developers refused this proposal because it could undermine the bitcoin blockchain stability.

“We should use the least disruptive mechanisms available and the BIP148 proposal does not meet that test,” he wrote

For this reason, Shaolinfry announced he/she is working on a redraft of the proposal to address some of the concerns suggested by Maxwell and other developers.

Shaolinfry published an announcement post saying that the reason for this changes is related to technical criticisms of how UASF would upgrade the network.

“BIP 148 is certainly not what a normal UASF would or should look like. While support for BIP 148 is surprisingly high, there are definitely important players who support UASF in general but do not like BIP148 approach.”

This revised proposal suggests the use of BIP8, but this concerns how soft forks are implemented.

Segwit and BIP8

Right now, if the 95% hashrate support for the Segregated Witness option is not reached by November 15th, the proposal will be discarded by default.

Anyway, the technical changes made in a proposal (BIP8) would be automatically locked in at the end of the time period, even if they could be adopted sooner.

Shaolinfry’s idea is that after the November 15th, a UASF SegWit proposal will be edited according to the BIP8 changes.

This means that the bitcoin community would have 1 year to prepare the upgrading of a UASF, removing the possible destabilizing effect of a short-term.

“I believe this approach would satisfy the more measured approach expected for bitcoin and does not have the issues Maxwell brought up about BIP148.”

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
ibm blockchain oil

IBM Blockchain Oil trade platform: a new innovative project

IBM – together with a group of other companies – has announced the development of a new blockchain-based crude oil trade finance platform.

This group also includes Trafigura and Natixis bank that decided to join the creation of this new tool.

The platform was created by using code from the Linux Foundation-led Hyperledger project. Also, IBM’s BlueMix cloud hosting service is utilized.

Thanks to this trade finance platform, users can view transaction data on the blockchain that also hosts documentation and updates on shipments, deliveries and payments.

Natixis is also a member of the R3 distributed ledger consortium and isn’t new to blockchain-related trade finance applications because it also joined the “Digital Trade Chain” project a few months ago.

According to, Natixis’ head of global energy and commodities, Arnaud Stevens, the bank believes the technolgy as a high potential of bringing down expense and boosting procedural transparency.

These are his words:

“We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is paper and labor intensive, we have multiple friction points with high processing costs and limited automation. Distributed ledger technology brings some much-needed innovation into our industry.”

This news is only the latest related to projects that aims at bridging of the blockchain and trade finance worlds.

Also, we have to say that this is an application that attracted much interest from a wide range of companies and governments worldwide, including Dubai.

In the meantime there are also several other worldwide banks that are continuing to push ahead with related projects focused on the blockchain and commodities trade.

A few days ago, in fact, Dutch bank ING is working on an oil trading pilot built on the Ethereum blockchain that has already conducted live transactions.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Who are the new Hyperledger Blockchain Project members?

hyperledger_blockchain_project_members
Tech giant Samsung is among the new Hyperledger Blockchain Project members announced today.

Hyperledger Blockchain members

Together with Samsung there are 16 other new companies joining the project, including Cloud Security Alliance, Energy Blockchain Laboratory, Global Peersafe Technology Corp., Inuit Foundation – University of Rome “Tor Vergata,” Intuit, Investrata Foundation for Social Entrepreneurship, iRootech Technology, MIRACL UK Limited, Netki, Nxt Foundation, Orange Magic Cube, Sany, Tai Cloud Corp., Union Mobile Pay E-Commerce, Wutongtree and Yunphant Blockchain.

Hyperledger Blockchain Project’s Goal

Hypederleger is a collaborative effort started by the Linux Foundation to study the blockchain aiming at supporting worldwide business transactions to improve many aspects of their performance and reliability.
Since its beginning back in early 2016, Hyperledger started accepting proposals for codebases. 
One of the first was called “Fabric”, a codebase that united works by Digital Asset Holdings, Blockstream and IBM
To date, almost 100 organizations joined the Hyperledger Blockchain Project members; and more companies will be added by the end of 2016.
Hyperledger executive director, Brian Behlendorf, commented:
“There’s been a tremendous response to our vision for creating an open community for blockchain technology and we’re proud to be celebrating this member milestone. At a growth rate of nearly two new members joining per week, I look forward to working with this growing community to further our open blockchain development efforts”. 
Earlier this month, Airbus joined the project too, together with Hitachi, Microsoft, Red Hat, and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Bank of Tokyo works on a Blockchain project with Hitachi

bank_of_tokyo_blockchain_project

Bank of Tokyo works on a blockchain project with Hitachi

Bank of Tokyo works on a blockchain project to manage electronic check together with tech giant Hitachi. 
According to a press release, this proof of concept system aims at creating a digital platform to issue, transfer and collect e-checks. 
Asiatic magazine Nikkei reports that in the next few days there will be further trials, and that the full version could be released in 2018.
Tech giant Hitachi announced:
“Using the system, BTMU issues and settles checks and some of Hitachi Group companies in Singapore receive the electronic check and deposit the funds. Through the PoC testing, Hitachi and BTMU will be able to identify issues from various perspectives such as technology, security, operation and legal perspectives and aim to realize new FinTech services including digitalization of checks.”
This project comes after a previous Bank of Tokyo Mitsubishi UFJ statement about its investment in the blockchain and about the project to release a new digital currency. 
Also, a few months ago Hitachi announced the creation of new studies for fintech applications, as the company is a member of the Hyperledger project, the Linux Foundation program related to the distributed ledger.

Universal Wallet for Digital Currencies 

bitcoin_wallet

Open your on HolyTransaction here for free and find out more on our wallet where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin Peercoin, etc…

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Airbus joined Hyperledger Blockchain Project

airbus_joined_hyperledger
French airplane firm Airbus joined Hyperledger Blockchain Project, or the Linux Foundation program related to the distributed ledger.

Airbus joined Hyperledger Blockchain Project

Last year Airbus sold more than 1,000 aircraft and now the company is joining the same blockchain project that also sees the participation of firms such as IBM, Red Hat, Intel and JPMorgan. 
Hyperledger director Brian Behlendorf explained to Coindesk how the Airbus partnership shows that the distributed ledger technology has lots of applications beyond fintech:
“A key factor to the project’s success will be member expertise and guidance, and as such, I look forward to collaborating with the bright team at Airbus to drive this technology forward.”

Blockchain beyond finance

This announcement reflects how the airline industry is increasing its own interest in the blockchain technology. 
Previously in May, in fact, the blockchain startup called ShoCard started a partnership with the airline firm SITA with the goal of developing new applications for identity management.
This is not the first time a company wants to use the Blockchain for identity-related issues. 
A few months ago, in fact, we spoke about the Microsoft’s project that aims at using the distributed ledger to solve problems related to identity in the digital world. 

The Hyperledger Blockchain Project

Launched in the beginning of 2016, the Hyperledger Project has more than 80 members among its partners and it is managed by the Linux Foundation.

Open your Bitcoin Wallet

Open your wallet on HolyTransaction and find out more on our service where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin Peercoin, etc… 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

IBM announces its new cloud Blockchain Security Service

cloud_blockchain_security_service
Today (July 15, 2016) IBM announces its new cloud Blockchain Security Service that aims at helping businesses test and run blockchain projects for private applications. 
Defined as the “IBM secure blockchain cloud environment”, this project is a new integration of the IBM’s existing blockchain cloud service. 
However, the company goal is to increase the security of private blockchain services running in the cloud. 
Donna Dillenberger recently commented how the cloud environment – thanks to the IBM LinuxOne server – could protect valuable data on a private blockchain.
She explained to Coindesk:
“The cloud is made up of a special hardware that protects the blockchain from hacks, from people who have unethically compromised root users or system administrator credentials.”
Using this safe network, blockchain applications built through the IBM blockchain are signed and encrypted so it is impossible for a malware to install itself on this platform. 
This project is currently in a limited beta version.

Cloud Blockchain Security Service

This is not the first time we read news related to IBM and blockchain services.
In fact, previously this company announced its project for an artificial intelligence called Watson to be created thanks to the blockchain. You can read the full news by clicking here.
Also, IBM is so enthusiastic about this technology that Director John Wolpert commented “We’re All in on Blockchain”, during an important Blockchain Conference held in San Francisco on February 12nd, 2016. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

OpenBazaar Test: how the Bitcoin Ebay works

The Bitcoin Marketplace: OpenBazaar Test

Recently OpenBazaar, the decentralized marketplace where you can buy items for bitcoins, launched its new 1.1.6 version.
So we decided to do a OpenBazaar test, to let you deeply understand how it works and what you can buy on this innovative market using your cryptocurrencies. 


Step-by-Step OpenBazaar Test: Follow this Guide to do some Shopping

1. First of all you need to go to the OpenBazaar website and click on the Download button you can find on the right top of the page.

2. A download will start soon. If it doesn’t, you just need to select your operating system such as Linux, Windows or Mac

3. After the download is completed, click on the file (maybe you will find it in the Download file) and launch it.

4. A new window will open where you have to complete your profile with info like name, timezone, avatar and your favorite currency.

5. You can also select your favorite theme to be used as a your profile template

6. Then you will be officially into your profile where you can add other info such as your social network profiles

7. Now you can start doing some shopping. 

OpenBazaar has a simple interface, user-friendly enough to experiment and pay with your bitcoins. 
Among the items you can find on this marketplace there is a wide range of the company’s merchandise, so I decided to support their cause by buying their pins.

<img src="/images/OpenBazaarTest.jpg" alt="OpenBazaar Test" height="264" width="350" />



8. As you can imagine, I just had to click on the item I wanted to purchase.



<img src="/images/openbazaartest.jpg" alt="OpenBazaar Test" height="264" width="350" />



9. Then you just click on the “Buy Now” (“Compra ora” because my version is in Italian).
10. A windows will appear where they ask you if you already have a wallet (if not you can open it here).
11. Now you have to insert your public wallet address, you can find on your wallet among the settings.
During this process you can also create a temporary wallet address, useful if you can’t find your public wallet address and for security reasons you don’t want to disclose your private one. 
12. OpenBazaar allows purchases from all around the world, but of course you need to pay extra bitcoins for the shipment. 
For a shipment to Italy you need to pay an extra of about 0.0232 BTC, so I spent almost 17 EUR for that pin.

Bitcoin Wallet 

As I said, you can purchase your items on OpenBazaar by using bitcoins; and to do so of course you need a wallet.
Open your on HolyTransaction and find out more on our wallet where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin Peercoin, etc…
We call it a “Universal Wallet” for this reason. 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Red Hat to help blockchain related startups

Yesterday Red Hat announced its idea to start its OpenShift blockchain that aims at helping financial companies with their initiatives related to the disruptive distributed ledger.
Thanks to OpenShift, Red Hat users can create blockchain applications using tools provided by indipendent sellers and with the support of Red Hat’s Openshift Dedicated program.

How Openshift works 

OpenShift Dedicated wants to help the startups related to blockchaintech, fintech ISVs, and traditional financial companies to begin their blockchain-based projects.
“A lot of folks in the market are looking to deploy on the big cloud providers, Amazon, Google, Microsoft. There are many companies offering cloud support”, Tapia commented.
Tapia clarified that OpenShift Dedicated is available on Amazon and will soon be available on Google and Microsoft Azure as well.
During a recent interview, director of OpenShift, Julio Tapia, explained that the company wants to use its own experience in the open source sector related to blockchain technology.
These were his words:
“We want to position ourselves with not only customers and partners, but leverage solutions developed in the entire ecosystem, taking all the innovation going on in the industry, maturing it for an enterprise market and making sure all the solutions can be launched and supported.”

Red Hat with Hyperledger

Previously, in February, Red Hat announced its partnership with the Linux Foundation’s Hyperledger project, “an open source platform to advance the blockchain digital technology for recording and verifying transactions”, according to the press release.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio