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Posts Tagged ‘blockchain’

New Survey Indicates Businesses Unprepared to Deploy Blockchain Technology

A new study has revealed that, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The survey was conducted by software development firm Globant and published on Feb. 19. The report says that 64 percent of organizations are intent on investing in blockchain solutions to improve their internal…

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Ethereum Mining Pool Receives Mysterious $300K Blockchain Payout

Ethereum mining pool Sparkpool received a payout of over 2,000 ETH (worth $300,000) just for mining one block on the ethereum blockchain Tuesday – a figure that’s about 600 times the network’s standard block reward. Miners who secure blocks are programmed to be awarded 3 ETH (about $500) for every new transaction block added to…

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South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain. The Seoul Metropolitan Government announced the news Monday, stating that via the Seoul Innovation Growth Fund, which launched last year, it will invest across…

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Germany Seeking Industry Feedback for National Blockchain Strategy

The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report on Monday, citing anonymous government sources, said that companies and industry groups “that could become stakeholders in a blockchain deployment process” have been invited to provide recommendations on the strategy. Whether proposed recommendations would result…

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Major Chinese University Launches Blockchain Research Center

One of the most selective universities in China, Fudan University, has opened a blockchain research center, according to an announcement published on Feb. 15. Per the announcement, Fudan University established the Shanghai Blockchain Engineering Technology Research Center in collaboration with Zhongan Online Property Insurance Co., Ltd. and Shanghai Zhongren Information Technology Co., Ltd. The center…

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Blockstream Publishes Schnorr-Based Test Code for Bitcoin Blockchain Upgrade

The Schnorr-based multi-signature scheme MuSig, a test code for a potential upgrade to the Bitcoin (BTC) blockchain, has been released by blockchain tech firm Blockstream, according to an announcement published on Feb. 18. Last January, four Bitcoin developers released a paper outlining how Schnorr multi-signatures (‘multisig’) could help scale the Bitcoin blockchain, saying that the…

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Iota Foundation Partners With Incubator Nova to Fund Startups Using Blockchain

The Iota Foundation, the company behind the cryptocurrency Iota (MIOTA), announced its partnership with startup incubator Nova through a press release shared with Cointelegraph on Feb. 18. According to the release, the partnership aims to fund new startups employing Iota’s platform through the “Iota Cofoundery” program on Nova’s website, which focuses on the early stages…

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Waste Management Firm Launches Blockchain Platform in UAE City

A blockchain-enabled waste permit portal will be launched in Sharjah, the United Arab Emirates (UAE), the country’s official news agency, Emirates News Agency (WAM), reported on Feb. 17. The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA) — the city…

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Hyundai Commercial Partners With IBM to Accelerate Blockchain Development

Hyundai Commercial — a financial services subsidiary of leading South Korean automobile manufacturer Hyundai — has announced a partnership with American tech giant IBM to modernize its business model using blockchain. The news was announced on Feb. 13 at IBM’s annual tech and business conference “IBM Think 2019” in San Francisco, California. Hyundai Commercial is…

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