Blockchain

The Indian government is incorporating blockchain technology solutions into government schools in the country. Incorporating the technology will ensure the schools offer top education quality.  The IT minister, Ravi Shankar Prasad, asked the NIC team to find out possible ways of ensuring they merge blockchain solutions and technology to improve primary school quality. Foremost, people will get an education on the Crypto word basics, including BTC, ETH, and the role of technology in digital currency. The health minister's remarks considered…

In its simplest sense, an Atomic Swap is a mechanism that uses smart contract technology to enable the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps are a technique that allows the quick exchange of two different cryptocurrencies running on distinct blockchain networks. Such a process (also known as atomic cross-chain trading) is based on smart contracts. It allows users to trade their coins directly from their crypto wallets. Before discussing an Atomic Swap, let…

Recently, ChainSecurity became a partner of PwC’s branch in Switzerland. The objective of the partnership is to enhance the services offered by PwC. As per PwC’s spokesman, there was no acquisition, but ChainSecurity teams joined the firm. The teams include the core delivery and development teams. A press release published on the 5th of January 2020 pointed out that PwC hopes to become the leading company in smart contracts auditing through the ChainSecurity team that joined the company. ChainSecurity Responsibilities…

Paul Veradittakit, a Pantera Capital partner, has influenced the digital currency market and blockchain technologies through hedge fund investments and venture capital contributions. Following his recent insights based on significant concepts primarily related to cryptocurrency, he shows his great interest in the crypto market. He is also seen to propose his comments and thoughts on this year's projections.  Veradittakit Comments on Cryptocurrency Predictions From his point of view, he had an in-depth understanding of the major events that happened concerning the digital currency…

The National Intellectual Property Administration (NIPA) of China continues to clarify the specified guidelines following those that apply for the blockchain patent concerning the implementation of the plans made by the 1st of February.  The NIPA announcement days ago based the review of guidelines and its patent applications that were to be reflected in the latest technologies such as dealing with big data, artificial intelligence, business methods and rules, and even blockchain.  Based on the revisions made, the guidelines' inclusion followed on a device…

On the 30th of December 2019, Turkish Takasbank announced the launch of a BiGA Digital Gold, which is a physical gold-backed transfer system based on blockchain. Takasbank is Turkey’s central clearing and settlement house, which offers principal counterparty clearing services for some BIST markets designated by some agencies and the Board of Turkey. Other financial institutions in Turkey also participated in the launch of the BiGA Digital Gold Platform. The country announced its plans to introduce national blockchain infrastructure some…

An exchange-traded fund (ETF) recently sent an application to the China Securities Regulatory Commission. Penghua fund filed for the ETF proposal on the 24th of December, intending to monitor publicly listed stock performance from blockchain business. The fund’s approval would make it the pioneer ETF targeted on blockchain in China. The news was highlighted on the 26th of December by SSJ, a Chinese government journal. Many Blockchain Industries Get Listed on Blockchain 50 Index The Shenzhen Stock Exchange also announced…

In its strategy to cut transaction costs, EY, a renowned auditing firm, introduced Zero-knowledge Proof (ZKP) blockchain on the 19th of December 2019. The function of ZKP as a digital protocol is to enable data distribution between two participants without the use of a password or other related details in the transaction. This EY’s ZKP is ethereum-based, and its purpose is to bring more scalability for private transactions on public blockchains by reducing the cost of transactions. The previous gets…

Recent reports have laid out that China's smart courts use various innovative technologies that include blockchain and artificial intelligence (AI) in deciding numerous legal cases. A report by The Xinhua news agency on December 5 stated that blockchain and smart internet courts powered by AI were used to settle over 3.1 million Chinese litigation activities between March and October 2019. With non-human, virtual judges powered by AI, appearing in court will be a thing of the past as time goes…