China’s NPC suggests government backed blockchain development fund
The National People’s Congress of China has proposed a government-backed blockchain development fund to support the growth and development of the nation’s blockchain ecosystem. According to a local news report, Jieqing Tan, deputy to the NPC suggested establishing a special fund to assist in the development of the blockchain industry. If the proposal is accepted, […]
UAE steps up fight against COVID-19 with blockchain
UAE is stepping its efforts in its fierce and prolonged battle against COVID-19 by leveraging technologies like blockchain, robotics, and 3D printing with the help of a UAE-based tech startup in5. While some countries are easing the COVID-19 imposed lockdown restrictions, UAE is still unable to flatten the curve. As of yesterday, the region reported […]
Enterprise blockchains: Private yet vulnerable to attacks
Enterprise blockchains are blockchain networks that are designed as private networks and limited to authorized parties only. This should make them seem more secure and efficient than public networks such as Bitcoin and Ethereum as a lesser number of computers have access to the network and only a few computers have to reach an agreement […]
Samsung and SK Telecom release first 5G smartphone with a blockchain-based ID service
SK Telecom has released the world’s first 5G smartphone with a blockchain-powered ID authentication service. Samsung and SK Telecom unveiled the world’s first 5G smartphone that comes equipped with a blockchain-based identification service. The phone titled ‘Galaxy A Quantum’ utilizes a quantum random number generation (QRNG) chipset that was designed in partnership with Samsung Electronics […]
Libra Association appoints Obama’s under secretary for financial intelligence as its first CEO
Libra Association has appointed Stuart Levey, the first Under Secretary of the Treasury for Terrorism and Financial Intelligence under Obama and Bush administrations. Stuart Levey also served as the chief legal officer at HSBC, one of the wold’s leading financial institutions that extends across 64 countries. Libra Association appoints its first CEO Stuart Levey served […]
NEAR Foundation secures $21.6M in token sale led by Andreessen Horowitz
The NEAR Foundation, which recently launched the mainnet for its proof-of-stake (PoS), raised 21.6 million dollars in its token sale led by Andreessen Horowitz. NEAR is a public proof-of-stake network that focuses on network operability and scalability. The network uses sharding, a method also employed by Ethereum 2.0, that divides the blockchain into multiple servers […]
Blockchain drone: US government commends blockchain application in UAS industry
The United States Department of Transportation (DOT) is pitching the initiative of blockchain drones, also known as the unmanned aircraft systems (UAS). The application of blockchain into the system would enhance operations in the industry, according to the report. DOT highlights the need for blockchain drones DOT emphasized that the technology will enable more trust […]
Porsche-backed blockchain startup Gapless raises $6M in seed funding
Gapless, a Germany-based blockchain startup has raised $6M from investors in its latest funding round. The round was led by FinLab EOS VC Fund and saw the participation of various industry giants including automobile manufacturer Porsche AG. Gapless’ seed funding The firm managed to raise 5.5 million euros (circa 5.9 million dollars) in its seed […]
Now is a good time for venture capital and innovations, Tim Draper
Tim Draper, the famous billionaire venture capitalist from Silicon Valley’s very first investor family, the Draper Dynasty, said in his recent interview with InnMind that the coronavirus crisis presents several prospective opportunities for the venture capital industry and technological innovations such as Bitcoin and smart contracts. Tim Draper’s commitment to Bitcoin and blockchain is […]
Dutch tech companies team up in fight against coronavirus outbreak
As many as ten Dutch tech companies have come together to lead an initiative called the Tech Against Corona to help the Dutch government in its uphill battle against the panic-causing coronavirus outbreak, Public Matters reported on 26th March 2020. By now, almost every country has realized that if there is one practical application of […]
Blockchain managers in US part of critical infrastructure workforce
The Department of Homeland Security in the US issued a memorandum on 19th March 2020 that recognized blockchain managers as part of the critical infrastructure workers amid the fast-spreading coronavirus pandemic. The deadly virus that’s made its way through all the continents has virtually brought the entire world down on its knees, practically begging for […]
PHBC announces blockchain monitor to track virus-free zones
The Public Health Blockchain Consortium (PHBC) has announced the launch of a blockchain monitor for adequate, continual, and systematic tracking of movement in virus-free zones and ensuring that no infected person enters the earmarked safe zones. The deadly coronavirus pandemic has left the world in the lurch. In these testing times, technological advancements are emerging […]
US leads the world in technology investments, report
A report released by Tech Nation reveals that the United States emerged as the global leader in technology investments in 2019 with close to one hundred billion US dollars ($99.3 billion) investment funds by leading US-based tech companies. Every industry goes through technological changes, and in the same way, the technology industry is reliant on […]
