Hitachi is studying the Blockchain
In a press release, Hitachi explained:
“By establishing the Financial Innovation Laboratory in the Silicon Valley, Hitachi will accelerate research [and] development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions.”
Hitachi partners with Hyperledger
This statement follows a previous company’s news related to the blockchain: in fact, in February Hitachi joined the Hyperledger Project, an advaced blockchain technology that aims at “identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.”
The Hyperledger Project is a Linux Foundation collaborative project that stars some of the most important companies in the world, including IBM, J.P. Morgan, Fujitsu and many more.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Overstock to place its public shares on t0 blockchain platform
SEC approves Overstock’s issue on the blockchain
In fact, Overstock will be the first company in the world to do a Blockchain public offering.
But it is limited to…
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Bank of England will create its own cryptocurrency
The Bank of England announced its decision to create its own digital currency.
The cryptocurrency will be called RSCoin and it will use the blockchain, the decentralized ledger where bitcoin transactions are written and executed.
More Centralized Control
RSCoin has been developed by researchers at the University College of London.
How could this be positive?
Even if RSCoin is centralized and the opposite thing of Bitcoin, we could say that it is positive as it means that worldwide Central Banks are starting to give importance to cryptocurrencies.
However, RSCoin has its own benefits: for example no double spending, non-repudiable sealing, timed personal audits, universal audits and exposed inactivity.
Read the complete documentation
Univerisity College of London researches George Danezis and Sarah Meiklejohn published an abstract about RSCoin.
The full whitepaper is intitled “Centrally Banked Cryptocurrencies”.
The abstract begins from the bitcoin history, to explain everyone the impact of the digital currencies not only in the finance world:
“Recently, major financial institutions such as JPMorgan Chase and Nasdaq have announced plans to develop blockchain technologies. The potential impacts of cryptocurrencies have now been acknowledged even by government institutions: the European Central Bank anticipates their “impact on monetary policy and price stability”.
People’s Bank of China and its own cryptocurrency
In January 2016, the People’s Bank of China commented about its plans to launch its own digital currency and create a new financial infrastructure for the country.
The project started in 2014, when researches began to study cryptocurrencies related to business operations.
People’s Bank of China commented:
“The issuance of digital currency can reduce the significant costs of issuing and circulating traditional currencies, improve the convenience and transparency of economic transactions, reduce money laundering, tax evasion and other criminal acts, enhance the central bank’s control of over the money supply and currency circulation, better support economic and social development and aid in extending financial services to under-served populations”.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Microsoft adds 5 blockchain partners to Azure and it still accepts Bitcoin
 |
Microsoft still accepts Bitcoin payments
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ethereum and Arcade City could kill Uber
How it works
It works through the Ethereum Blockchain
Where can we move with Arcade City?
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ethereum Launches Homestead
“You need to look at the growth of the Ethereum network via the growth of its nodes, sitting at 5,100 versus bitcoin’s about 6,000 roughly. That’s quite significant and shows the stability and global nature of the Ethereum network,” commented Mougayar.
Homestead vs Frontier
“Homestead’s arrival will begin to demonstrate the next generation of blockchain technology, whereby anything we can dream of, can be accomplished in a decentralized manner using Ethereum.”
Ethereum helps Car Charging
In Germany the startup called Slock is working with RWE on a project to use Ethereum for car charging uses.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Philips announces its own Blockchain Lab
Previous Statement
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Electricity through Bitcoin
How Usizo works
What’s next?
Open your free digital wallet here to store your cryptocurrencies in a safe place.
AirBnB wants to use the blockchain
AirBnB replies…
Open your free digital wallet here to store your cryptocurrencies in a safe place.
How to use the blockchain to secure medical records
Guardtime, a blockchain platform for ensuring the integrity of systems, is now working together with the Estonian eHealth Foundation to develop a blockchain network to secure one million patient medical records.
eHealth will use the Guardtime’s KSI (Keyless Signature Infrastructure) into its database to improve the security and the real-time availability of patient medical records.
Guardtime aims at protecting those records with an “independent forensic-quality audit trail”, so it will be impossible to edit the information.
During a recent interview conducted by Coindesk, a spokesperson for Guardtime said:
“In guarding sensitive records, the danger is that they could be altered, deleted, improperly changed or updated, affected by hackers, malware, system issues, etc. The blockchain in this case can prove the integrity of the record, and everything that has happened to it over time”
Why in Estonia?
Maybe you are asking yourselves why this kind of innovation is being conducted in Estonia.
Well, Estonia is already famous for its e-government system which use a chip-embedded ID card that allows citizens to access government services including filing taxes and voting online.
Guardtime Insights
In 2007 Guardtime invented a “Keyless Signature Infrastructure”, a blockchain platform created to ensure the integrity of systems, networks and data at industrial scale.
Keyless Signature Infrastructure (KSI) is designed to provide scalable digital signature based authentication for electronic data, machines and humans. KSI uses only hash-function cryptography, allowing verification to rely only on the security of hash-functions and the availability of the blockchain.
According to the company itself, Guardtime’s method is similar to the one used by the blockchain startup Factom. In both cases, in fact, every time a file changes, a new signature is generated and stored in the blockchain.
Open your free digital wallet here to store your cryptocurrencies in a safe place.