Tag: Blockchain

Coinbase Marks IPO With Memo on Bitcoin Blockchain

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Coinbase has commemorated its public Nasdaq listing by posting a message to the Bitcoin blockchain. Coinbase Refers to Relief Bill Coinbase embedded a message that referred to a New York Times news headline from Mar. 10, 2021 that discussed the U.S. government’s trillion-dollar COVID-19 stimulus plan. The headline reads: “NYTimes 10/Mar/2021 House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill.” Coinbase asked the mining pool F2Pool to encode the message on block 679,187 of the Bitcoin blockchain, the first block mined after Coinbase was listed on the Nasdaq stock…

Enterprise blockchain solutions rally as businesses get hip to crypto

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The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis.  As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021. XRP/USDT vs. XLM/USDT vs. XDC/USDT 1-day chart.…

Coda Protocol Code Review: Ultra Compressed Blockchain

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Coda Protocol code review, wondering if their claims make any sense. Over here, look! The Ethereum blockchain, currently 667GB! And over here, Coda… which claims that a pinch of recursive composition of zk-SNARKs and some clever ideas can reduce the size of their chain into a “tiny snapshot”. Mass adoption anyone? So, anyway. Coda is a new cryptocurrency with a constant size blockchain, improving scaling while maintaining decentralization and security. No need to store the entire blockchain for verification. Instant mobile syncing (or somewhat instant, let’s be serious for a…

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

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Twitter Facebook LinkedIn Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain. Using a live e-voting system powered by the Zcoin blockchain, the party successfully conducted its primaries which involved more than 120,000 voters between November 1 and November 9. In an election of many firsts, it also marked the first time that a major Thai political party selected its leader using input from the generality of party members ahead of the…

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

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“Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial coin…

Industrial-Scale Adoption of Blockchain Likely in 1-2 Years, Says CEO of Russia’s Largest Bank

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Twitter Facebook LinkedIn Industrial-scale adoption of blockchain technology will surge in the next year or two. That’s the prediction of bitcoin advocate Herman Gref, the CEO of Sberbank — Russia’s largest bank and the third-largest bank in Europe. Gref said the hype surrounding blockchain has waned a bit, but its many uses will be applied in the near future. In other words, blockchain has moved beyond theory and is ready to be put into practice. “The hype surrounding the technology has passed, and it has entered a stage of industrial development,”…

Oxfam Formally Launches Blockchain Platform for Rice Farmers in Cambodia

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Twitter Facebook LinkedIn Oxfam has launched a blockchain project for farmers dubbed BloCRice, which seeks to increase the bargaining power of farmers by digitally connecting every player in the supply chain on one platform, local Cambodian news outlet reports. Based on the report, the new platform will leverage on smart contracts to build digital agreements between organic farmers and exporters of rice in Cambodia and their buyers in the Netherlands. Solinn Lim, country director of International charity Oxfam in Cambodia, was quoted by the news outlet saying: “BlocRice promotes the…

West Virginia Secretary of State Reports Successful Blockchain Voting in 2018 Midterm Elections

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The Secretary of State of the U.S. state of West Virginia Mac Warner reported a successful first instance of remote blockchain voting in an official announcement Nov. 15. Warner stated that in the 2018 midterm elections, 144 military personnel stationed overseas from 24 counties were able to cast their ballots on a mobile, blockchain-based platform called Voatz, adding: “This is a first-in-the-nation project that allowed uniformed services members and overseas citizens to use a mobile application to cast a ballot secured by blockchain technology.” Voting for the general elections on…

Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

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Twitter Facebook LinkedIn Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia. Known as BlocRice, the app uses distributed ledger technology to implement smart contracts where details such as the farm gate price of organic rice, trade volume and method of transportation are recorded, according to the Khmer Times. The project which will initially work with 50 rice farmers in Cambodia’s Preah Vihear province during the first year is expected to boost the bargaining power…