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Company Is Aiming To Revolutionize Sharing Economy Via The Blockchain And Smart Locks

A company is building a blockchain based system that will revolutionize how we rent things with smart locks - and that company is OkeyDokey. OkeyDokey is a system for opening locks via the blockchain. With a more comprehensive vision that seeks to connect the blockchain to the physical world. The team is building a system that connects blockchain based digital payment transactions to the opening of physical doors via smart locks. OkeyDokey​ is built to integrate with​ various online booking platforms, such as Airbnb, Homeaway, etc. and provides value to customers by relieving the complexities and costs involved in both...

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Is IOTA (MIOTA) Really A Blockchain Challenger?

IOTA (MIOTA) rose to prominence in the crypto community as a blockchain challenger. The cofounders of IOTA (MIOTA) came up with a mathematical solution to do what the blockchain does and called it Tangle. The concept they use is called Directed Acyclic Graphs (DAG). This directly eliminates the need for miners as each node in the tangle verifies two previous transactions. It also means that the more transactions and users on the platform, the higher the transaction speed and network growth. In addition to that, there are no transaction fees on IOTA (MIOTA). IOTA (MIOTA) has partnered with Samsung and...

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IBM And Jewelry Industry To Use Blockchain Technology

With the introduction of Bitcoin, the concept of cryptocurrencies was born and blockchain technology was invented to provide the basis for the digital currency systems to operate. Bitcoin became highly scrutinized for its controversial nature and since blockchain technology saw its formation as a facilitator for the decentralized alternative economic system, it also faced the backlash of the criticism. It was only later that people started to see blockchain technology as something that is more than just a record book for a controversial and volatile currency. The uses of blockchain technology extend far and beyond from simple payment systems. It...

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Developers Think Ethereum Blockchain Fork Might Just Happen

In light of the recent situation in the world of the Ethereum blockchain, it is becoming more and more likely that the world’s second largest cryptocurrency might see a hard fork some time soon. This is something that even the top developers of the Ethereum blockchain network are contemplating. Last week saw a meeting take place amongst the top dogs of the Ethereum blockchain network where they were discussing one of the proposed Ethereum improvement protocols called EIP-999. There was talk about how that proposed change could result in the hard fork, which will make two competing cryptocurrencies from the...

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BBVA To Issue Loans Via Distributed Ledger

The world's first blockchain based loan has been issued by Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) in what is seen to be a huge leap forward for the adoption of blockchain technology. BBVA are considered to be one of the biggest lenders in Spain, suggesting that this move is not just a short experiment, it at least suggests that BBVA are looking to integrate blockchain into their services sooner, rather than later. This loan of course is not a typical loan, reports suggest that is is actually worth around $91.33Million and involves BBVA loaning funds to a corporate client,...

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