Other cases about Blockchain technology
The year 2018 hasn’t particularly been the best year for cryptocurrencies, as the bear market had eroded value in almost every digital asset out there.
However, while cryptocurrencies aren’t having the best of times, blockchain technology has managed to stay relevant, with organizations and governments coming out with ways through which they can use blockchain as a tool for growth and advancement. One particular sector that has witnessed a tremendous use of the nascent technology has been the travel industry, where even airports have adopted the use of cryptocurrencies as a means of payment.
Two pro-crypto members of the French Parliament (Parlement français) want the country to invest up to 500 million euros in blockchain programs to elevate France as a “blockchain nation.”
Deputies Jean-Michel Mis and Laure de La Raudière released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain, according to French financial newspaper Les Echos.
Months after publishing a “blockchain call” to startups that could benefit humanity, the United Nations International Children’s Emergency Fund (UNICEF) has invested in six blockchain startups.
In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries. It received over 100 applications from 50 different countries. The organization already has 20 other technology companies in its Innovation Fund, from “data science and machine learning, to virtual reality, to drones.
XYO Network is partnering with space industry leader Spaceflight to launch XYO Networks’ “EtherX” spacecraft into orbit. This is the first step in achieving its mission of decentralizing the world’s location infrastructure, which currently revolves around the centralized Global Positioning System (“GPS”), which is owned by the U.S. Air Force.
Network”UK blockchain startup Canyudo has released its social tasking app in closed beta ahead of its forthcoming launch in January 2019, the company said on Tuesday.
It plans to first launch the Canyudo app in Hong Kong before a global rollout.
Canyudo is a multi-purpose app that offers four main features and services: a goods marketplace, a freelance marketplace, a task app, like Trello or Asana, and a global payments service. At product launch, Canyudo will be primarily aimed at the private sale (classifieds), temporary recruitment, and global remittance markets.”
When Warren Buffett, a multi-billionaire investor, admitted that he was wrong about not investing in companies like Amazon and Google, it proved that not even the world’s most renowned investor can always get it right.
Amazon and Google were bringing in products that the market hadn’t experienced before. Skepticisms were meant to be there. But eventually, user adoption won over anything. Cut to today, both the Buffett’s rejects are now trillion dollar companies.
A method for managing fractional reserves of blockchain currency includes: storing, in a first central account, a fiat amount associated with a fiat currency; storing, in a second central account, a blockchain amount associated with a blockchain currency; storing a plurality of account profiles, each profile including a fiat currency amount, blockchain currency amount, account identifier, and address; receiving a transaction message associated with a payment transaction, the message being formatted based on one or more standards and including a plurality of data elements, including a data element reserved for private use including a specific address and a transaction amount; identifying a specific account profile that includes the specific address included in the data element in the received transaction message; and updating the blockchain currency amount included in the identified specific account profile based on the transaction amount included in the data element in the received transaction message.
The de facto central bank of Singapore announced it had signed a deal with multiple big name entities to ease digital asset settlements in a press release Friday, August 24.
Part of its ongoing Project Ubin blockchain integration scheme, the Monetary Authority of Singapore (MAS) partnered with Singapore Exchange (SGX), along with Anquan, Deloitte and Nasdaq to deliver the enhancements.
Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners.
Retail giant Walmart has a plan to build an army of autonomous robots controlled and authenticated through a blockchain network.
Documents published on Thursday by the US Patent & Trademark Office (USPTO) show that the Walmart has applied to patent a system that oversees the “in-field authenticating of autonomous robots.” The Bentonville, AR-based firm submitted the patent application in Jan. 2018.
The patent title immediately conjures up visions from the Terminator franchise, but the retail empire claims it’s not building Skynet.
The Union of European Football Associations (UEFA) has successfully deployed a new ticketing system via mobile phones based on blockchain technology, according to an August 16 press release.
After the “successful implementation” of the blockchain ticketing system for 50 percent of the tickets for the 2018 UEFA Europa League final in Lyon in May, the UEFA had decided to increase the technology’s reach “to all of the general public” in Estonia.
The official UEFA announcement states that “100% of the match tickets” for the UEFA Super Cup soccer match between Real Madrid and Atletico Madrid held in Tallinn, Estonia on August 15 were sold using a blockchain-based iOS or Android application.
Fujitsu has launched a fast-track blockchain consultancy service for companies to see whether their distributed ledger plans are pie in the sky or might actually be of some commercial benefit.
The Japanese giant claims its scheme, in which concept prices start at €9,900, will propose to customers a minimum viable product in five days.
The assessment involves Fujitsu and the customer jointly beavering away on ideas based on blockchain or other distributed ledger technologies to figure out if the tech can actually improve biz processes.
Baidu, widely dubbed as the Google of China, is going to launch rewards and announce the blockchain layout of their project “Totem” in an upcoming conference on July 18.
Totem, a blockchain-based platform, was launched by Baidu in April. Totem utilizes blockchain technology to manage the intellectual property rights of images. They aim to enable more efficiency in the ownership of images and preventing infringements, according to its website.
“The copyright information of the work is permanently written into the blockchain. Based on the credibility and incomprehensibility of the blockchain, combined with Baidu’s leading artificial intelligence technology, the dissemination of the work can be traceable, reprintable, monitorable, and change the copyright of traditional pictures.” (loosely translated) the website states.
Volkswagen has applied for a patent allowing vehicles to communicate with each other through a blockchain-based network aimed to increase road safety by warning of nearby vehicles and alerting the driver to potential collisions.
The system could potentially be used to negotiate actions like merging lanes, overtaking, and a number of other high-risk activities on the road.
“In Vehicle-to-Vehicle communication messages are exchanged between vehicles to enable novel safety-relevant use cases. Most of the currently known use cases provide warnings to alert a driver about an imminent event, such as two vehicles colliding with each other,” read an excerpt from the patent. “To this end, Vehicle-to-Vehicle communication is based on single messages, which are signed by the sending vehicle. The signature provides integrity and non-repudiation. A natural extension to safety warnings are cooperative manoeuvres, which allow increasing both safety and efficiency of road usage.”
The Russian Ministry of Defense is launching a research laboratory that will explore how blockchain technology can be used to bolster national security by preventing hacks on military infrastructure.
Russia’s military technology accelerator, called “ERA,” is overseeing the construction of the lab, which will test if blockchain can be used to detect and prevent cyber attacks and enhance the military’s cyber-security measures, according to Russian newspaper Izvestia.
Alexei Malanov, an anti-virus expert at Moscow cybersecurity firm Kaspersky Lab, believes the technology undergirding bitcoin can be used to trace the origins of malicious hack attacks.
“A hacker often clears the permission log to hide traces of unauthorized access to the device,” Malanov told Izvestia. But Malanov said if the log is distributed among several devices using blockchain, it’s harder for the hacker to cover his tracks.