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Why Blockchain Could Be Adopted Immediately Within US Pharmaceutical Industry

The blockchain has very exciting implications for the Pharmaceutical industry. By creating a space for super advanced audit trails, identification and authentication, the blockchain promises to totally re-shape the way medicines are stored and delivered to patients across the world. Now it seems that the ‘Pharma’ industry in the United States could take a swing towards using blockchain technology, distributed ledger technology (DLT) specifically sooner than we think. According to Cryptovest, a 2013 law within the United States, known as The Drug Supply Chain Security Act, 2013, demands that pharmaceutical providers in the country work to improve tracking methods in...

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Ultra-Fast Blockchain Reaches 30,000 Transactions A Second

Researchers in Australia announced on Wednesday a successful trial run of next generation blockchain that can reach cross-border speeds of 30,000 transactions per second. Operating on Amazon Web Services' (AWS) cloud infrastructure, the test potentially paves the way for global enterprise-scale applications of the technology. Red Belly Blockchain is a project of Australia's national science agency, CSIRO, in partnership with University of Sydney. According to Sept. 26 statement, the next-gen blockchain provides several improvements including solving the "environmental impact from significant energy use, double spending where an individual spends their money twice by initiating more than one transaction, and throughput,...

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China Are Blocking Bitcoin As The Banks Expand To The Blockchain

According to reports out today, the Bank of Communications, one of the four major state banking groups in China have completed a major transaction on the blockchain, one that has seen the issue of residential mortgage backed securities (RMBSs) on a blockchain network. The issuance of this RMBS has a value of around $1.3 billion according to Coindesk. The Bank of Communications is alleged to have been the main bank behind this, though some involvement may have also come from the China International Capital Corporation, the Commercial Bank of China and the China Merchants Bank. What are the benefits to...

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The Uncertain Future Of Blockchain

The future of blockchain is as uncertain as the future of Bitcoin. The word in itself has become a bit of a buzzword in the business but how does it fit into the higher education sector? Experts have predicted that in the future, blockchain will be able to automate multiple tasks and upend banking, education and even healthcare. For the many fanatics of blockchain, there really isn’t anything it can’t do - essentially it holds the answer to almost everything including, cancer, poverty, copyright management and so on. Even governments are interested by the potential of the blockchain. College courses...

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Diamond-Backed Token Makes Debut On First Exchange

Blockchain is enabling the tokenization of physical commodities such as oil (Venezuela's petro token), real estate and gold (Ekon coin). CARAT token is making its debut this week on Taiwan-based exchange Hotbit and it enables investors to hold digital coins that are backed by real diamonds. But you may not want to give these tokens to your spouse as substitute for the real thing. Israeli venture Carats.io is the brainchild of the digitized luxury commodity, and its first exchange listing shows the promise of how blockchain can facilitate efficient cross-border payments and investing in the shiny rocks. Carats.io operates through...

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