Today's Hot Topics

El Petro Awarded For Outstanding Contribution To The Blockchain Industry

The infamous Venezuelan cryptocurrency, ‘El Petro’ or, the Petro, has been awarded the Satoshi Nakamoto Prize for an ‘outstanding contribution to the development of the blockchain industry’ by the Russian Cryptocurrency and Blockchain Association (RACIB). RACIB plays a very active role within the Russian crypto-economy and hosts various members from several blockchain companies and members of government bodies. What we should remember here is that the Petro has been covered with controversy recently, with claims that it could literally destroy the blockchain industry. The currency aims to become a legitimate, sovereign payment option to resolve Venezuela’s economic crisis. Critics claimed...

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How We Might All Soon Be Trading Power With Our Neighbours

Last week, a UK based start-up, Verv, saw the worlds first direct transfer of energy take place on the blockchain. In a test backed by the UK government within a housing estate in Hackney, artificial intelligence firm Verv have produced an energy trading platform that exists within the blockchain, designed to allow customers to exchange renewable energy, directly with their neighbours. The first ever direct energy trade on the blockchain took place last Wednesday and saw 1kWh of energy transferred from a set of solar panels from one building within the estate, to another within the same estate. According to...

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It’s Not Who Or What That's Driving The Future Of Blockchain Technology

Blockchain technology has had a powerful effect on digital data storage and the future of financial transactions. This is true on both online and on private devices, such computers company networks. Now, you might be tempted to think the changes blockchain ushered into the digital world hit a ceiling. You would be wrong. And It’s not a question of who or what firms are driving the future of blockchain; it’s blockchain itself. The nature of blockchain technology will only further catapult it into higher relevance. Enjoy your privacy: It’s uncopyable The Internet and pre-blockchain tech was based on the near...

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Ripple Invests $25 Million Into Blockchain Capital Venture Fund

San Francisco based startup Ripple, which is most well known for its cryptocurrency XRP, has recently made an investment of $25 million worth of XRP into the Blockchain Capital Parallel IV LP venture fund. This announcement was made by Ripple on the 11th of April by the payment network which uses blockchain technology as the basis for its operations. According to the market caps of cryptocurrencies, Ripple’s XRP currently stands at third among the biggest cryptocurrencies after Bitcoin and Ethereum respectively. The Third Largest Cryptocurrency Ripple’s XRP has recently seen a lot of volatility this year and has risen in...

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Blockchain Could Be An Anchor For Sustainable Cities

Last month, Ford, Autonomic, Qualcomm and Waze announced the development of a cloud based mobility platform for cities to manage self-driving vehicle ride-hailing, deliveries and bicycle sharing, that claims to feature everything from payment processing to parking and traffic logistics. Ford announced their GoBike shar program, which launched in five Bay Area cities in 2016. They seem to be trying to avoid the ‘walled garden’ approach, by inviting out automakers to join the cellular vehicle to everything platform. Toyota have also been working on their own self-driving vehicle as well. So, how can blockchain help? It is likely to have...

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