DLT

Blockchain Australia, the nation's peak blockchain and digital asset association, is preparing to host its annual conference, Blockchain Week 2024. The four-day event, themed “The Digital Convergence” will take place from June 11th to 14th in multiple iconic venues across Sydney, coinciding with the Vivid Sydney festival.  A Closer Look at the Adoption Surge Cryptocurrency ownership in Australia has surged in past years. Insights from a recent Swyftx survey shed light on the demographics driving the growing popularity of digital assets…

IOTA’s distributed ledger technology (DLT) combined with real-world asset (RWA) tokenization presents a promising avenue for revolutionizing the real estate industry. Through the utilization of IOTA’s DLT, the real estate sector can also potentially overcome hurdles related to material procurement, quality assurance, etc. The IOTA blockchain network has been at the forefront of solving several real-world problems ranging from traffic congestion, transparent electricity distribution, addressing supply chain issues, and much more. Now, with real-world asset (RWA) tokenization around the corner,…

Zero-Knowledge proofs are a popular cryptographic method that utilizes probabilistic assessments to allow parties to verify data without revealing or sharing the underlying data. MIT researchers introduced the process in the late 80s and have since seen growing adoption in the blockchain sector. Nowadays, zero-knowledge proofs play a vital role in the business sector by securely verifying sensitive data. What Problems do Zero-Knowledge Proofs Fix? Zero-knowledge proofs solve several problems facing the business and personal sectors. First, there are many scenarios…

Also, wrongly known as decentralized ledger technology, blockchain is becoming a vital element that could disrupt every sector of life. The technology first came into the limelight in 2009 with the release of Bitcoin. Today, blockchain shows great use cases in almost every industry, such as finance, healthcare, agriculture, and supply chain. Blockchain impacts continue to spread across industries, with the latest target being legal institutions. Legal systems are among the slowest industries when it comes to the adoption of…

IOTA - A Brief History IOTA is a cryptographic protocol that runs on a unique form of Distributed Ledger Technology (DLT), significantly different from most cryptocurrency projects. It is different for one vital reason; IOTA doesn’t run on a blockchain! As we have tried to iterate multiple times, blockchain, the distributed database technology, is just a subset of DLT. So then, what kind of database technology does IOTA use? IOTA was developed and initiated by David Sønstebø, Dominik Schiener, Sergey…

The famous cryptocurrency company, Ripple, has achieved yet another thing. The exchange now belongs to the ISO 20022 standards body, which is working towards a new data standard for payments and data messaging between global financial institutions. According to the firm’s claims, it is the first cryptocurrency firm focused on distributed ledger technology (DLT) to become a member of the group. Among other members of the group are several global commercial and central banks, as well as payment processing entities such as…

The advent of a decentralized, distributed, and self-fulfilling platform, i.e., blockchain, has revolutionized how we exchange value and information with each other for good. In many ways, blockchain will help us move away from the world with central regulatory bodies needed for brokering trust and towards a decentralized trust-less ecosystem. A world where technology shoulders the responsibility of federating trust. The belief is that Satoshi Nakamoto, the anonymous inventor(s) of Bitcoin and Blockchain technology, wouldn't have imagined that their novel…

According to China’s Office of the Central Cyberspace Affairs Commission (OCCAC), the third round of blockchain projects towards approval by the Chinese regulators is taking off. The latest addition to the commission’s registry is 224 distributed ledger technology (DLT) ventures and it includes leading technology companies Alibaba, Baidu and China Mobile. It seems that the news was first revealed by a Twitter user AliceolaCrypto on April 26: “#China has just announced the 3rd batch list of #blockchain filings, 224 projects approved…

One of the biggest problems facing the manufacturing and supply industry is counterfeiting. Counterfeit goods are a global problem with an estimated worth of half a trillion dollars a year, representing 2.5% of global imports. Years back, counterfeits were a small-time illegal business but have since grown immensely to impact companies behind original brands profoundly.  The counterfeiting industry has, in fact, risen to be a complex business having devastating effects not only on numerous businesses across the globe but also…