Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.
But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:
“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”
As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in
The Homeland Security Department tapped one U.S.-based and four international blockchain companies to explore the emerging, record-keeping technology’s potential to help refresh how the agency conducts operations.
The five startups were selected to receive phase I awards amounting to more than $800,000 collectively through the DHS Science and Technology Directorate’s Silicon Valley Innovation Program, or SVIP. Their work could eventually lead to the potential production of a Social Security number alternative that won’t divulge personally identifiable information, extend the agency and its subcomponents’ visibility into multiple supply chains—and more.
Homeland Security leverages SVIP to invest in technological solutions that can be rapidly prototyped, and holds promise to modernize its own capabilities. Blockchain is a contemporary technology that tracks, records and authenticates information and transactions. Recognizing the burgeoning tech’s potential to transform its internal pursuits, the department launched a “Preventing Forgery and Counterfeiting of Certificates and Licenses” solicitation in 2018 calling
LONDON, Oct. 13, 2020 /PRNewswire/ — New analysis by PwC shows Blockchain technology has the potential to boost global gross domestic product (GDP) by US$1.76 trillion over the next decade.
That is the key finding of a new PwC report Time for trust: The trillion-dollar reason to rethink blockchain, assessing how the technology is being currently used and exploring the impact blockchain could have on the global economy. Through analysis of the top five uses of blockchain, ranked by their potential to generate economic value, the report gauges the technology’s potential to create value across industry, from healthcare, government and public services, to manufacturing, finance, logistics and retail.
“Blockchain technology has long been associated with cryptocurrencies such as Bitcoin, but there is so much more that it has to offer, particularly in how public and private organisations secure, share and use data,” comments Steve Davies, Global Leader,
India Blockchain Technology Market (2018-2023) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the India Blockchain Technology Market. Some of the key players profiled in the study are Microsoft Corporation, Deloitte, Tata Consultancy Services, and Wipro.
You can get free access to samples from the report here: https://www.htfmarketreport.com/sample-report/1304716-india-blockchain-technology-market
Blockchain Technology Market Overview: Blockchain technology is used to record Bitcoin transactions via a global network of computer. It is a continuously growing list of blocks (records) that are linked and secured using cryptography. Each new block created is connected to the previous block via a “cryptographic Hash”. Blockchain technology is expected to see an increasing adoption among the Indian banks. Private and public
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Oct 08, 2020 (Profound via COMTEX) —
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Blockchain Technology in Transportation and Logistics Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Blockchain Technology in Transportation and Logistics market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The report includes thorough compilation of the quantitative analysis of the industry for the period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the
The U.S. Department of Homeland SecurityÃ¢ÂÂs research and development wing, the Science & Technology (S&T) Directorate, on Friday awarded $817,712 in total to five blockchain startups in a bid to reimagine the federal governmentÃ¢ÂÂs anti-forgery and counterfeit prevention operations.
From creating digital Social Security Number alternatives to building e-commerce tracing systems, the winners have up to six months to develop blockchain proofs-of-concepts for DHSÃ¢ÂÂ client agencies. S&TÃ¢ÂÂs Silicon Valley Innovation Program (SVIP), essentially an equity-free tech accelerator within S&T, is funding the round.
Spherity GmbH received $145,000 to develop a Ã¢ÂÂdigital twinÃ¢ÂÂ record of inbound e-commerce packages. The German companyÃ¢ÂÂs system would share critical information among parties without compromising privacy, SVIP said. U.S. Customs and Border Protection (CBP) is the client.
New Zealand-based MATTR LIMITED will build U.S. Citizenship and Immigration Services a digitally issued essential worker license using its $200,000 prize. S&T officials said COVID-19Ã¢ÂÂs work shutdowns have proven
Little did I know when I woke up on October 4, 1980, how important that day would become in my life — in more ways than one.
I was just a wide-eyed four-year-old full of excitement as my family and I prepared for game one of the World Series between my beloved Philadelphia Phillies and the Kansas City Royals. The Phillies won the Series and their first championship, and I’ve been thinking back on that memory as this year’s playoffs got underway.
Another historic event also took place 40 years ago tomorrow, though I wasn’t aware of it at the time.
About 100 miles north of me in New York City, Genentech was becoming the first biotechnology company to trade on a public stock exchange. Shares of the company, which traded under the symbol “GENE,” opened at $35. They quickly shot up to $88 before closing the wild
Silicon Valley,CA-based open source platform IoTeX wants to extend the concept of the Internet of Things and bring its vision alive for the Internet of Trusted Things. And it is using the blockchain to bring privacy to your security.
Hacks of internet connected devices such as Ring and Nest have made consumers increasingly wary of adequate security due to insufficient emphasis on security and privacy for these types of devices
It has partnered with Shenzen, China-based specialist camera manufacturer Tenvis to co-develop the Ucam security camera.
The Ucam applies blockchain, end-to-end encryption, and edge computing technology so that users can own, control, and share the videos captured by their Ucam to guarantee that access to their camera is impossible.
With Ucam, all computing is done locally on the Ucam device or the user’s mobile phone, removing the need for centralized servers. When in transit, data is end-to-end encrypted using a
Australian Prime Minister Scott Morrison has announced that the federal government has set aside nearly A$800 million (US$575 million) to invest in digital technologies as part of its coronavirus recovery plan.
MorrisonÃÂ announced the news Tuesday, saying that the funding is aimed to help the countryÃ¢ÂÂs businesses recover from the economic effects of the COVID-19 outbreak, as well as create more jobs.
While Australia hasnÃ¢ÂÂt been hit as badly as nations like the U.S. and India by the virus, itÃ¢ÂÂs still seen around 27,000 cases and nearly 900 deaths in total, according to its official figures.
After seeing growth for a record 30 years, the coronavirus has now tipped the country into a recession as lockdowns sent spending spiraling.
The US$575 million investment, to be concreted in the 2020 budget, is part of MorrisonÃ¢ÂÂs plan to bounce back from the pandemic.
In the announcement, he sets out that varying amounts
The Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) Data61 has announced alongside the Monash Blockchain Technology Centre a blockchain protocol they claim is secure against quantum computers while also protecting the privacy of its users and their transactions.
The protocol, MatRiCT, is patented by CSIRO and now licensed to Australian cryptocurrency developer HCash.
Hcash will be incorporating the protocol into its own systems and transforming its existing cryptocurrency, HyperCash, into one that is claimed to be quantum safe and privacy protecting, but according to Data61, the technology could be applied to more than cryptocurrencies.
It highlighted potential applications such as digital health, banking, finance, and government services, as well as services which may require accountability to prevent illegal use.
Data61 researchers said blockchain-based cryptocurrencies like Bitcoin and Ethereum are vulnerable to attacks by quantum computers, as they are capable of performing complex calculations and processing substantial amounts of data to