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New Stats Show ETH Blockchain Is Scammers Paradise

The crypto analytics specialists Chainalysis recently published a report which indicates Ethereum has become a crypto platform which scammers seem to thrive on. The research suggests that last year saw a lot more sophisticated, higher-earning scams being carried out using Ethereum, although the specific number of the crimes has plummeted significantly year on year. The amount that was stolen through Ethereum based scams doubled from $17 million in 2017 to $36 million last year. This sums up to 0.01 percent of ETH in circulation. Chainalysis identified more than 2,000 false Ethereum addresses which managed to secure funds from almost 40,000...

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Measuring The True Impact Of The Blockchain

One of the main trends of 2019 is expected to be tokenisation. This can be anything from a pizza delivery service to artwork can be subjected to tokenisation. Along with AI development, tokenisation will give us an opportunity to order goods and services carried out by autonomous machines and pay with tokens for the completed work. If we take a look at a few aspects of day to day life that could be changed by both virtual assets and the blockchain. Customer Attitude Producers of goods and services are usually unable to predict consumer attitudes and behaviours. This can lead...

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Can Blockchain Transform The Music Industry?

It’s important that we assess the ways blockchain technology promises to transform the many industries that exist within our society. It’s clear how blockchain can transform finance (just check out Bitcoin) and it’s also been made clear over the past year how much of an impact the blockchain could have on logistics and even renewable energy. However, have we truly measured up the impact that the blockchain could have on the music industry? According to Forbes, in 2017 the global music industry was worth around $15.7 Billion. Due to inflation and enhanced technology since then, this figure has risen, therefore,...

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Stellar Blockchain Adoption Takes Leap Forward

The United States software, computing and cloud-based service provider, IBM is now looking for an Offering Manager under its Blockchain Financial Service Solutions department to worth with the Stellar Ledger. According to the latest LinkedIn post, the firm laid out what is expected of the new team member saying: “This role will assist in providing Offering Management expertise in allowing IBM Blockchain Financial Solutions clients, who do cross border payments, to avail themselves of a transformational method to initiate their payments. The Stellar blockchain ledger is used as the system of record for settlement of financial transactions between counter-parties on...

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3,000 Orange Cartons Tracked Via Blockchain By IBM

To start off the month, IBM has just announced that they have finished their trial of blockchain technology to track a shipment of mandarin oranges from China to Singapore. 3,000 cartons containing an overall weight of 28 tonnes of mandarin oranges (108,000 fruits) were delivered ahead of Chinese New Year celebration on 5th February - mandarin oranges are a symbol of prosperity as IBM explained. The main shipping document, the bill of lading, was recorded on a blockchain. This document is proof of ownership for the goods, as a receipt for the products and a contract of the shipment and...

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