In our “Blockchain” section, we explore the technology behind cryptocurrencies and decentralized systems. Here you will find explanations of how blockchain works, its real-world applications, and the latest developments in distributed ledger technologies. Read the “Blockchain” section on ForkNews to understand how blockchain is transforming digital infrastructure and finance.
Saudi Arabia's Ministry of Communications and Information Technology (MCIT) recently held a joint "blockchain bootcamp" with cryptocurrency development studio ConsenSys as part of the kingdom's program to support technological development. According to the ministry, the bootcamp is part of the ministerial program to train national personnel to develop future crypto technologies.
Last week, the US Patent and Trademark Office reported that JP Morgan Chase had applied for a blockchain-related patent back in October last year. This is very strange for the bank that most criticized bitcoin and cryptocurrency. The product for which the bank receives a patent is called “a system for using distributed ledgers for network payments to calculate and coordinate financial transactions” and is a type of blockchain technology.
According to Bloomberg, the city of Berkeley, California has launched an initiative to use blockchain technology for public funding of community projects.
The DFINITY project (Decentralized InFINITY) is a fairly ambitious project that, according to its creators, challenges existing centralized cloud computing such as Amazon Web Services.
To understand the importance of blockchain governance and the debate surrounding it, we first need to define what blockchain governance is, its role and goals. Blockchain governance in the cryptocurrency space consists of two parts: the rules of the protocol (code) and the economic incentives on which the network is based.
Blockchain is no longer just a newfangled technology for crypto enthusiasts. Distributed ledger technology has arrived in the “big” economy. In the near future, it will affect most business segments and revolutionize everything from intellectual property protection to the financial system.
While much of the world watches with interest as Bitcoin prices bounce up and down like a yo-yo, companies are busily trying to get into this space. In some cases it’s “boycotting” cryptocurrencies and watching your company die, in other cases it’s trying to harness the power of blockchain technology in retail.
JPMorgan Chase&Co is testing a new blockchain platform for issuing financial instruments together with the National Bank of Canada and other large companies to optimize the organization of settlements, payment of interest rates and other financial processes. This test was a response to National Bank of Canada's proposal to issue US$150 million in floating rate certificates of deposit.
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