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.
Facebook has begun exploring the benefits of blockchain technology. The new team has a specific task to find ways to integrate a distributed registry within a social network.
China's Ministry of Public Security has developed a blockchain system that will help securely store evidence collected during police investigations.
On Monday, Microsoft announced the release of a new set of tools for application developers. “Today we are pleased to introduce to the public Azure Blockchain Workbench, a new solution that can reduce application development time from months to days. Companies can now spend less time developing infrastructure and more time refining use cases,” Azure general manager Matthew Kerner wrote in a blog post.
A group of major automakers have formed a consortium to explore the use of blockchain technology to make transportation safer. MOBI, as the group is called, was launched by major auto industry giants Ford, General Motors, BWM and Renault, along with other founding members including IBM, Bosch and Accenture.
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.
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