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.
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.
Bloomberg reported on Monday that Samsung Electronics is building a distributed ledger system to track international shipments.
As reported in a press release dated April 12, Master Card wants to hire 175 people with experience in IT, specialists in blockchain technology.
Doctors around the world have rather mixed feelings about electronic health records (EHRs). On the one hand, doctors understand that they are needed to provide better medical care. On the other hand, current EHRs are bulky, clunky, and slow programs. Indeed, opinions about EHR differ, and opinions also differ about the choice of solution to the problem. One solution could be blockchain, the technology behind Bitcoin.
On Wednesday, April 11, the Chinese search engine Baidu announced the launch of a blockchain platform for protecting the ownership of digital images.
Energi Mine, a UK-based blockchain company that encourages energy conservation, has entered the Korean market to test how its technology can be applied to the real world economy.
The age of rapid development of information technology allows giants such as Facebook and many other companies to earn billions of dollars by selling customers' personal information. The Data Protection Regulation (GDPR) is an excellent solution for centralized systems. However, experts argue that distributed data storage systems should not be regulated by such a Regulation.
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