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The most basic definition of blockchain is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. All parties to the transaction, as well as a significant number of 3rd parties maintain a copy of the ledger (i.e. the blockchain), which means it would be practically impossible to amend every copy of the ledger globally to fake a transaction.

Bitcoin’s success has triggered the establishment of nearly 1000 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is for the creation of cryptocurrency.

European Commission Taps Wordline for Blockchain Social Media Project

The European Commission has chosen Worldline, a major digital payment and transactions company based in France, for its blockchain project which aims at utilizing...

Dubai govt-owned firm, Kiklabb, accepts BTC, ETH, USDt as payment option

Customers of a Dubai-based company can now pay in cryptocurrency for visa fees and trade licenses. Kiklabb is a government-owned entity that helps people...

Are Credit Ratings Agencies Really Necessary Going Into 2021?

Third-party intermediaries and credit agencies have been around ever since John Moody published the first publicly available railroad bond ratings in 1909. But times are changing. Source...

Arcanum Capital Partners with Alpha Innovations to Launch $10 Million Startup Fund Focused on...

Asset management firms Alpha Innovations and Arcanum Capital have announced the launch of a $10 million capital fund. This was revealed on Monday, February...

SBI Looking for Crypto Joint Venture With Foreign Companies

Japanese financial conglomerate SBI Holdings Inc is holding talks with offshore financial firms to create a cryptocurrency joint venture. The CEO said the move...

Mike Cagney’s Figure Launches Black-Check Firm to Raise $250 Million

Figure Technologies Inc. is making plans to launch a special purpose acquisition company (SPAC). Dubbed Figure Acquisition Corp.I, the blank-check firm will enable Figure...

Celo Secures $20 million From Investors In Funding Round

Open-source blockchain ecosystem Celo has announced that it raised $20 million in its latest round of funding. This was revealed in a press release...

Japanese Conglomerate Taps Blockchain for Plastics Supply Chain Traceability 

Marubeni has inked a partnership deal with Circularise in a bid to tap the latter’s distributed ledger technology (DLT) solution for the tracking of...

Australia Creates the First Blockchain-based Digital Bank Guarantee

Australia has executed the first digital bank guarantee on a private blockchain, Lygon, Australian Financial Review (AFR) reports on Feb 9. ANZ And Scenter Group...

Telefonica, Alastria Tap Hyperledger Fabric for Enterprise Blockchain Network 

Telefonica and Alastria have inked a strategic partnership deal that will enable them to develop an enterprise distributed ledger technology (DLT) network powered by...

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