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.
A consortium consisting of AB InBev, Accenture, APL, Kuehne + Nagel and the European Customs Organization has successfully tested a new application based on blockchain technology. This solution, according to the companies, will eliminate paper accompanying documents, saving transport and logistics companies hundreds of millions of dollars per year.
“The government believes that it is necessary to monitor digital currencies, but is aware that excessive tax regulation could be destructive for this market,” says The Nation, Thailand’s national portal
The Internet has transformed the dating industry, and now you don’t need to advertise in the newspaper to find a partner. Blockchain technology offers to secure the virtual dating industry, and a mysterious stranger from the Internet with blue eyes will not turn out to be your neighbor with brown eyes, and she will not be able to defraud you of money for the funeral of your beloved grandmother, because this grandmother was just riding in the same elevator with you.
Due to the lack of regulation, digital currencies remain highly vulnerable to market manipulation. One of these manipulation tools is “fake news,” which is actively used for speculation in the cryptocurrency market.
Last week, Blockchain.info partnered with the United Nations to jointly explore the use of blockchain technology in various industries. As part of the cooperation, a white paper has already been developed, from which you can learn about the details of future work and how the UN and the crypto startup will interact.
Professor Thomas Heston came up with the idea of creating a database to store information about firearms using blockchain technology. In his article, Heston writes that gun owners will be able to upload data to an electronic safe. This information will be linked to the person's biometric markers.
Bitwala has announced that it plans to become the first crypto bank in Germany and develop blockchain banking. For customers, this means they will be provided with a MasterCard contactless debit payment card and the new business will be IBAN and BIC compliant.
A California legislator recently introduced a bill that, if passed, would update the electronic records law to include blockchain signatures and smart contracts.
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