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How Blockchain Aids in the Fight Against COVID-19

And the Blockchain Projects at the Forefront Blockchain’s role in the fight against COVID-19 comes down largely to it being a powerful tool for data management. In short, by drastically improving data management, blockchain offers huge potential for dealing with COVID-19 and the litany of crises both directly and indirectly associated with it. On the one hand, data is key in the fight against COVID-19 and the crises surrounding and exacerbated by it. We need more data to effectively contract trace. We need more data to track the spread of the virus and its effects on various populations. We need...

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ILLICIT ACTIVITIES ON THE BLOCKCHAIN SPACE

Eleven years ago, a new and brilliant invention that allowed users to store and transfer information was born-Cryptocurrency. What made this platform unique? It allowed investors to conduct transactions independent of the federal government or central banks. This was a way too enticing prospect for performing secure and quick operations while eliminating significant trust issues. However, this brilliant idea was equally as enticing to criminals. Finally, a platform where loads of money could be moved without attracting red flags from the Securities and exchange commission (SEC), Internal revenue system (IRS), or some other federal institution monitoring cash flow. Cryptocurrency, in...

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4 Reasons for the Healthcare Industry to Focus on Blockchain Technology

There are many people who think that blockchain is only related to cryptocurrencies like Bitcoin.  But it’s not true! However, this technology is gradually explored in various different supply chains that also include the health industry.  If taken in a simple tone, then blockchain technology is a reorganized and distributed ledger system, where diverse transactions are always recorded. If we go in detail then according to experts, blockchain is an unchallengeable and shared record of peer-to-peer transaction blocks that are preserved in a digital ledger. So before moving further, let’s see what Blockchain is and why it is a boon...

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Elrond Launches $40,000 Incentivized Testnet as Blockchain Scaling War Heats Up

The battle for the next generation of scalable blockchain networks is heating up as Elrond prepares to launch its final testnet. “Battle of Nodes: Onchained” will transform Elrond’s test network into a virtual battleground. The battle for the next generation of scalable blockchain networks is heating up as Elrond prepares to launch its final testnet. “Battle of Nodes: Onchained” will transform Elrond’s test network into a virtual battleground, with participants assigned missions and tasked with identifying bugs in return for $40,000 in rewards. The imminent launch of Elrond’s mainnet will up the stakes for blockchain networks that are using sharding...

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Home Automation & How It Will Impact Us

Home Automation is on a big rise over the past couple of years Huge companies like Apple, Amazon & Google are leading the way Smart homes or home automation are on the rise. With devices like the Amazon Echo to control lightning, temperatures and entertainment systems, it seems like there is no limit to where these Echos can reach. Amazon seems to be at the forefront of this industry. It’s their latest push for home automation, after the acquisition of the video doorbell maker Ring last year for $1 billion. In the router market, Google is competing product called Google...

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