Blockchain innovation can’t compose tunes or play instruments – in any event not yet. Be that as it may, it may have the capacity to guarantee that the individuals who do get the correct credit and pay, an issue that has dependably bothered this $15bn industry. Since the begin of the 2017 alone, both The Three Degrees and The Carpenters have brought bodies of evidence against their record organizations for affirmed unpaid sovereignties. What’s more, the present day move towards gushing administrations, as Spotify and Jay Z’s Tidal, has brought a plenty of situations where specialists said they have not been sufficiently adjusted for the utilization of their music. In 2015, for instance, Spotify was sued for $150m by a gathering of specialists who guaranteed that the administration had imitated and dispersed their music without consent. Tidal, as well, has been hit with claims over the issue. The Open Music Initiative (OMI) is a recently propelled consortium that looks to use blockchain innovation to settle debate like these, yet it’s a long way from the just a single. There are various organizations committed to building a blockchain answer for music, including dotblockchain Music (dotBC), Mycelia, MusicChain and UjoMusic, said lawyer […]

Blockchain identity is already in use in various sectors of data management and technological development. With its applications so far, can we say that the Blockchain has lived up to expectations? Some experts think it’s overhyped, others see that late 2016/2017 will be the year of explosion for real-world Blockchain profitability and usage. That is, as long as politics doesn’t get in the way. What is Blockchain identity? Blockchain identity is also defined by Christopher Bates of Bitland as the representation of a100% verifiable identity which can be established through a series of security layers and protocols. It is a system which makes it possible for encryption to prevent anyone who doesn’t need to see information from accessing it. Bates explains that this can be applied when working with government oversight, where Blockchain identity could be used to protect Social Security accounts from being pilfered by governments who have overspent on their own budgets. Bates says: “One of the biggest issues is that tax money has no oversight once collected, and something like Blockchain identity could help prevent governments from spending taxpayer’s money which wasn’t theirs.” Unique opportunity for Bitcoin’s Blockchain Blockchain identity, according to Carl A. R. Weir CEO […]

All who are interested in Blockchain come across the same common Blockchain terminologies. To some people, they already knew the meaning of these terms. But to others, some terminologies are not always understood well. We are creating this Blockchain Index to help explain briefly some of the important terminologies in Blockchain. Address  Address is a string of alphanumeric characters that can also be represented as a scannable Quick Response Code (QR). Addresses are used to send and receive transactions on the network. Agreement Ledger An agreement ledger is a ledger used by parties to negotiate and come to an agreement. Attestation Ledger Attestation Ledger is a distributed ledger that provides a durable record of commitments, agreements or statements, giving evidence that these commitments, agreements or statements were made. Bitcoin (uppercase) Bitcoin is often used to refer to the entire ecosystem. Bitcoin is the common way of referencing Bitcoin when talking about it in general terms. bitcoin (lowercase) bitcoin refers to specific technologies that are used by Bitcoin’s ledger. Currency itself is one of the technologies. Blocks Files in which transaction data are permanently recorded. Blockchain A Blockchain is a distributed database that keeps a continuously-growing list of records protected from […]

  Blockchain is one of the most awe-inspiring innovations since the internet was discovered. Companies have come up with wonderful use of blockchain technology. The following list of Blockchain Technologies or Companies offering reliable solutions through blockchain technology in the USA. 1) Consensus Systems Consensus Systems is a venture production studio that builds decentralized applications and end-user tools for blockchain ecosystems, focusing mainly on Ethereum. Founded in early 2015, the company is developing various applications which operate on the worldwide distributed computing platform. Some of its projects include BTC Relay, Ether.camp, Blockapps Strato, TransActive Grid, and Ujo Music. 2) Chain Inc. Chain Inc. is fundamentally and completely changing the way the financial  market works. The company builds blockchain-based tools for stock exchanges, banks and credit-card companies that  enable them to move, trade, manage, and store financial assets fast and with less risk to the system. 3) Abra Abra has created a digital asset-management system with banking functionality like savings and payments on the bitcoin blockchain. The company believes there are opportunities in the global remittance market which is estimated to be around $600 billion in size. Using the blockchain to create efficient back-end and a seamless user interface is an Abra’s big […]

The world of Blockchain technology is a very exciting one. Nowadays, Blockchain technologies are generating a lot of headlines. Therefore, we strongly believe that everyone wants the best of what the technologies  have to offer– empowerment. There is obviously a need for education on the Blockchain topics. A number of dedicated blogs have emerged to share industry news and expert commentary. The following are list of top 10 most important Blockchain Blogs you should check out. 1) CoinDesk Founded by Shakil Khan in 2013, CoinDesk focuses on digital currencies and Bitcoin. It is undoubtedly one of the world’s top Blockchain online publications. The blog covers analysis and news on the trends, technologies, people, price movements and companies in the digital currency and Bitcoin world. 2) The LTB Network Founded by Adam Levine, The LTB Network allows content providers to present the people and ideas involved with cryptocurrency —via articles, podcasts, and discussion forums. 3) CryptoCoinsNews Founded by Jonas Borchgrevink in 2013, Cryptocoinsnews is an independent news source that focuses on Blockchain technologies and digital currencies. It is a popular blog, with writings regularly cited in major economic publications. 4) Bitcoin Magazine Founded by Mihai Alisie and Vitalik Buterin in 2012, Bitcoin […]

After keeping its projects to itself in 2015, 2016 may have been Barclays’s year – at least, when it came to blockchain tech.  According to industry analysts, there’s a strong case the bank is at the forefront of the increasingly large group of incumbents seeking to harness the “technology behind bitcoin” heading into 2017. As noted by Patricia Hines, a senior analyst with Celent’s banking practice, a key distinction is that, while other banks may have primarily sought PR pickup, Barclays was able to use its blockchain efforts in 2016 as a competitive differentiator. From performing the first live trade finance transaction with real customers to expanding smart contract templates, Barclays seems keen on the future of blockchain, she said. It has even been enthusiastic about bitcoin, electing to bank Circle Internet Financial in April. To some, however, Barclays has only been the most transparent in terms of what it’s working on with distributed ledger technology. Simon Taylor, director of blockchain at 11:FS, who until six months ago headed the bank’s blockchain R&D, told CoinDesk: “That’s the strategy with Barclays, if there’s something to show they’ll show it. Others do more stuff under the hood.” The narrative that Barclays burst […]

That may sound dire, but poll anyone in the financial services industry and they will likely tell you that the technology is still in need of its break-out moment. If significant headway isn’t made – or real value delivered, whether in cost savings or new revenue generation – by the end of 2017, I suspect the technology will risk developing fatigue in executive suites. A key part of the issue is that while progress has been made, the technology has not yet reached widespread adoption – the market is crowded with proofs-of-concept (PoCs), but not enough live implementations. And while some successes have been achieved, nothing with significant volume, staying power or appropriate scalability has emerged. As a result, the small size of existing applications means that the cost of running blockchain platforms might still be greater than the value derived from them. Urgency and progress, rather than more of the same, will be essential to move forward. Upside remains Yet, it’s not all doom and gloom. 2017 will potentially be a banner year for blockchain. In fact, we at Deloitte are quite bullish on our outlook. Why? Financial institutions have the power and ability to move blockchain to the […]

Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets. Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges. Bitcoin Average and CoinDesk are two such indices reporting the average price. It’s normal for Bitcoin to trade on any single exchange at a price slightly different to the average. But discrepancies aside, what factors determine Bitcoin’s price? Supply and Demand The general answer to “why this price?” is “supply and demand.” Price discovery occurs at the meeting point between demand from buyers and supply of sellers. Adapting this model to Bitcoin, it’s clear that the majority of supply is controlled by early adopters and miners. Supply Inspired by the rarity of gold, Bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced. Several early adopters were wise or fortunate enough to earn, buy or mine vast quantities of Bitcoin before it held significant value. The most famous of these is Bitcoin’s creator, Satoshi Nakomoto. Satoshi is thought to […]

Bitcoin, the giant in the world of cryptocurrency, continues to defy all expectations of an early demise and rises higher and higher in value and use. Its adoption as everyday money, however, remains negligent among the common people, almost eight years after the digital currency first emerged. While the title of “ the first cryptocurrency” is no further up for grabs, the title of “digital cash” still remains unclaimed, ready to be seized by another up-and-coming digital money. In order to become the common medium of exchange for large swaths of the world, a cryptocurrency first must fulfill several crucial requirements. Easy and inexpensive transactions Forget about cryptocurrency for a second. Right now, regular people use either cash or card for day-to-day transactions. Cash does not have any transaction costs but requires one to be physically present and have adequate change, and card transactions are relatively instant, though final confirmations often happen the next day, although fees are relatively high it is sufficient to disincentivize very small transactions. Any cryptocurrency wanting to create inroads with the common people needs to beat this with faster and cheaper transactions. Bitcoin already offers this advantage, though the margin by which it does is […]

If 2015 was the year when many first heard about blockchain, 2016 was the year when many pretended to understand what it was – it was just too embarrassing to admit ignorance of a term that had become such a buzzword. After all, everyone else seemed to know what it was. “It’s a distributed ledger!” became the battle cry to fend off those that came close to uncovering our lack of understanding. Yet, the truth is that we’re all learning. Whether it is figuring out what a “node” is or understanding the intricacies of homomorphic encryption and zk-SNARKs, we are all witnessing the unfoldment of this beautiful technology and its implications for the world. I like to compare blockchain to an extraordinary vehicle that we’ve heard can travel from Cape Town to Cairo in a matter of seconds. As news spreads of the discovery of this amazing vehicle, more and more people imagine new possibilities, and announcements proliferate: the vehicle will be used to transport maize, coal, sunflowers and more. But when asked what this vehicle looks like – whether it has wings or wheels, belts or brakes – few can offer satisfactory answers. Such has been the state of blockchain in […]

Why do you think the blockchain will revolutionize our world? Alex:-The original of the Internet was an awesome apparatus for conveying, teaming up and associating on the web, yet it was not perfect for business. When you send and share data on the Internet, you’re not sending a unique but rather a duplicate. That is useful for data — it implies individuals have a printing press for data and that data gets to be democratized — however in the event that you need to send an advantage, it’s an issue. In the event that I send you $100 on the web, you should make sure you have it and I don’t, and that I can’t spend the same $100 elsewhere. Thus, we require go-betweens to perform basic parts — to build up character between two gatherings in an exchange, and to do all the settlement exchange rationale, which incorporates record-keeping. With blockchain, surprisingly, we have another computerized medium for esteem where anybody can get to anything of significant worth — stocks, securities, cash, advanced property, titles, deeds — and even things like character and votes can be moved, put away and oversaw safely and secretly. Trust is not built up […]

While Bitcoin has received the lion’s share of attention since its conception, recently the Blockchain — the distributed public database used to record Bitcoin transactions — has just begun entering the spotlight for enabling some important capabilities outside of Bitcoin. “It’s my belief that Blockchain technology will be as important to the world as Gutenburg’s printing press,” Nic Cary, cofounder of Blockchain.info, told me recently. “For the first time in the history of the world we can reimagine how the world transacts without relying on an intermediary.” Here are four unexpected ways the Blockchain might change the world: 1. Distributed Cloud Storage The Blockchain has already been manipulated to store information in unscaleable ways. A niche storage trick is sending small amounts of Bitcoin to addresses that represent information when converted into a Unicode format. For example, the above image of Nelson Mandela is recorded in this transaction. Besides being a hobby for techies, Blockchain data storage could be disruptive. Current cloud storage services are centralized — thus users must place trust in a single storage provider. With the Blockchain, this can become decentralized. For instance, Storj is beta-testing cloud storage using a Blockchain-powered network to improve security and decrease […]

India’s Unocoin Launches New Bitcoin All-in-one App, Capitalizes on Demonetization Unocoin, one of India’s foremost Bitcoin companies, has launched a new mobile application for both the iOS and Android platforms. This new application has been developed by Unocoin themselves and will allow Unocoin customers to buy, sell, receive as well as store Bitcoin in one place. Interestingly, the application makes its way to users as Indians are trying to grapple with the demonetization of Rs.500 and Rs. 1000 banknotes by the Government of India. Bitcoin has hit new highs in the domestic Indian markets since demonetization occurred on the midnight of Nov. 8. All-in-one app for Indians The new application by Unocoin will make it simpler for its customer base to access Bitcoin and to store it on their mobile devices. However in India, one of the greatest challenges is the diversity of the country itself. Although India boasts the world’s second largest English-speaking population with roughly 125 mln people having some degree of English proficiency, it is still only 10 percent of the billion plus population of the country. We talked with Sunny Ray, co-founder and president at Unocoin about these challenges. He says: “We’ve already started building instructional videos in […]

Ledger Launches Hardware Wallet for the Smart Contract Era Hardware Wallet is a special type of bitcoin wallet which stores the user’s private keys in a secure hardware device. Ledger, the French company known for its range of bitcoin hardware wallets, has launched a new extension of its product line: the Ledger Blue. Billed as “the most advanced hardware wallet on the market today”, the Ledger Blue is a significant departure from the thumbdrive style of Ledger’s previous products. With a 320 x 480 pixel screen (along with BlueTooth and near-field communication (NFC) capability), it’s a handheld touchscreen device that can run a number of different applications. In a video call, Ledger CEO Eric Larchevêque talked to CoinDesk about the product’s evolution, design philosophy and target market. Support for smart contracts Ledger launched its first product, the Ledger Nano, in December 2014, marketed at the time as a small, secure and low-cost hardware wallet. Then, earlier this year, the Nano S was released – a line extension that included both a small LED screen and support for other cryptocurrencies like ethereum and litecoin. (Ultimately, it was hailed as a more affordable competitor to the popular Trezor wallet). The launch of the Blue now comes […]

Blockchain Open Ledger Operating System We’re pleased to introduce our new Operating System, designed by our firmware team and leveraging on the expertise of powering millions of embedded Secure Elements in our past ventures : the Blockchain Open Ledger Operating System, also known as BOLOS. BOLOS represents a major change compared to what the smartcard industry offers today — it puts developers in the driving seat, providing an unobtrusive framework to build source code portable native applications around a secure core, protecting the core against applications attacks, and isolating applications from each other without getting in the way (hence the french pun). BOLOS is our way of turning Bitcoin Hardware Wallets into Personal Security Devices — users can review and install third party applications that will add new privacy features on top of their own shared set of cryptographic material, without exposing that material. We’ll be publishing a set of articles in the coming weeks describing the architecture with additional technical details and provide tutorials to developers. BOLOS implementation on Ledger Blue   Ledger Blue — Available for the general public Q2 2016, developer edition March 2016 Ledger Blue features our first native implementation of BOLOS. Isolation is natively provided by ARM Memory Protection Unit and Operating Modes — each application […]

Internet of Things (IoT):Business with Blockchain technology The Internet of Things (IoT) is a fast-growing industry destined to transform homes, cities, farms, factories, and practically everything else by making them smart and more efficient. According to Gartner, by 2020, there will be more than 20 billion connected things across the globe, powering a market that will be worth north of $3 trillion. But the chaotic growth of IoT will introduce several challenges, including identifying, connecting, securing, and managing so many devices. It will be very challenging for the current infrastructure and architecture underlying the Internet and online services to support huge IoT ecosystems of the future. This is something that can perhaps be solved through blockchain, the distributed ledger technology behind cryptocurrencies such as Bitcoin and Ethereum, which is proving its worth in many other industries, including IoT. Blockchain will enable IoT ecosystems to break from the traditional broker-based networking paradigm, where devices rely on a central cloud server to identify and authenticate individual devices. The blockchain security model While the centralized model has worked perfectly in the past decades, it will become problematic when the number of network nodes grows into the millions, generating billions of transactions, because it […]

Public and private blockchain concepts and examples Public blockchain: A public blockchain is a platform where anyone on the platform would be able to read or write to the platform, provided they are able to show proof of work for the same. There has been a lot of activity in this space as the number of potential users that any technology in this space could generate is high. Also, a public blockchain is considered to be a fully decentralized blockchain. Some examples: Ethereum, a provider of a decentralized platform and programming language that helps running smart contracts and allows developers to publish distributed applications. Factom, a provider of records management, records business processes for business and governments. Blockstream, a provider of sidechain technology, focused on extending capabilities of bitcoin. The company has started experimenting on providing accounting (considered a function to be done on private blockchain) with the use of public blockchain technology. Private blockchain: A private blockchain, on the other hand, allows only the owner to have the rights on any changes that have to be done. This could be seen as a similar version to the existing infrastructure wherein the owner (a centralized authority) would have the power to change […]

Ethereum Classic Hardforks Successfully Ethereum Classic forked for the first time this morning to address a number of dos attack vectors that have affected ETC’s network for weeks. The upgrade faced no technical problems, with most of the network and miners smoothly transitioning from the old client to the new Gas Price Hardfork client. However, ETC’s price has not reacted positively, falling by more than 3% in contrast to Eth’s price which rose by almost 10% after it successfully hardforked last week. ETC’s price may be a reaction to bitcoin’s gain in value –  itself arguably because some miners have publicly called for a bitcoin hardfork at the miner’s conference this week – but the lackluster response to ETC’s fork may also reflect concerns regarding the second hardfork to clear bloat caused by empty accounts as some in ETC’s community argue the upcoming second fork violates immutability principles because empty accounts would be removed, even though the attacker followed the rules when creating them. Emin Gün Sirer, Cornell Professor, publicly stated: “The ETC github page has some nice aspirational text about execution “free from … subjective tampering with transactions.””   Nonetheless, ETC developers seem to have reached an overall consensus […]

Bitcoin Payment 10 times growth in merchant acceptance network by 2020 According to a recent Google and Boston Consulting Group BCG study, India’s digital payments industry will grow to $500 bln by 2020. The key trends mentioned in the study present a viable opportunity for Bitcoin adoption to grow in the world’s second most populous country.   Non-cash overtaking cash by 2023 The study includes the prediction of a ten times growth in merchant acceptance network by 2020, payment-driven consumption and not the other way round, and non-cash payment transactions overtaking cash payments by 2023. India’s payment landscape has mirrored four major global shifts that demonstrate the country’s huge potential for exponential growth in the next four years. The shifts are the ongoing digital and technology revolution which has led to increased penetration of smartphones and internet on mobile; entry of several non-banking institutions that offer payment solutions; customers becoming more demanding and expectant for instantaneous one-touch payment solutions; and progressive changes in regulatory framework.   As a result, the authors of the study say they expect the digital payments space to witness disruption very soon based on certain key trends. Viable opportunity for Bitcoin For Kumar Gaurav, head of […]

Every country needs US dollars if it wants to buy crude oil. This may soon change as a market selling crude oil for Bitcoin has emerged. The term ‘petrodollar’ has been thrown around since the 1970s. Dollars for oil have been the principal source of earning for many oil producing nations in the Middle East, as well as in other parts of the world. However lately the petrodollar has been under a considerable amount of strain. Many have predicted its imminent demise based on a multitude of reasons such as Iran wanting to be paid in Euros for its oil sales, and the Russian President Vladimir Putin trying to get his country to move away from pricing its oil in the US currency. Yet among all of these developments perhaps the biggest alarm bell that has been ringing for the petrodollar has been the strained relationship between Saudi Arabia which is the fiefdom of the house of Saud and the United States. A sweetheart deal gone sour It has been the case for decades that the US and Saudi have had an understanding which involves the US protecting the House of Saud and, in return, the Saudis only pricing their […]

Why Are Banks So Eager To Shift To A Cashless Society? These days, the banking industry is calling on their users to use digital banking payments instead of cash. According to research, some of the more economically developed countries, like Sweden and UK, will move to a cashless society by 2020. However, why are banks so eager to call on their customers to stop using cash? Dr. Scott Sumner, Professor Emeritus of Economics at Bentley University, points out that one of the reasons for the elimination of cash would be to make it easier for governments to impose negative interest rates. Dr. Scott Sumner wrote in a commentary prepared on behalf of RCW Financial of Irvine: “To encourage banks to move the new money out into the economy, where it would boost aggregate demand. But one thing was standing in the way — cash. The zero lower bound, which might, in fact, be closer to negative 1%, is the second reason why economists like Ken Rogoff have suggested moving away fr om cash. In a cashless economy, the Fed could push interest rates as far negative as they wish.” Alternative currencies versus cash The move towards a cashless society could […]

Ethereum Classic Divided Over the Proposed Hardfork Ethereum is to hardfork within 85 hours with little if any apparent controversy as the community moves quickly to address dos vulnerabilities. Ethereum Classic however seems divided regarding a proposed hardfork to solve an underlying fault that has lead to numerous dos attacks. The argument concerns null accounts that contain no balances or code and are fully empty. Ethereum developers have proposed the removal of this “state-bloat” as apparently the attacker could create as many null accounts as he wishes at effectively no cost to himself, but at a cost to the network in storage and perhaps memory usage. Technically, this is a “violation of immutability”, says one active member of ETC’s community opening a debate that has apparently led to the formation of a small community arguing that the hardfork would breach ETC’s main reason for existing, immutability. Therefore, they are to continue ETC’s current chain as ETC Uncensored, splitting ETC’s currency and tiny community. In comparable arguments made during the DAO debate, practicality and functionality is raised on one hand, with one commenter suggesting that immutability is “worthless in a dead chain” and idealistic principles on the other with some arguing […]

US DARPA Takes Blockchain for Military Use The research unit of the US Department of Defense has been working to fund efforts to find out if blockchain technology could help secure highly sensitive data, with potential applications for everything from nuclear weapons to military satellites. The Defense Advanced Research Projects Agency (DARPA) which acts to make pivotal investments in breakthrough technologies for national security, has been working within an innovation ecosystem that includes academic, corporate and governmental partners to create new strategic opportunities and novel tactical options. Its focus with blockchain is to address information integrity which has been made more complex by the potentially uncontrolled integrity vulnerabilities created by the decentralization of information systems and the availability of powerful programming environments for end users, particularly spreadsheets which are used to support executive decisions, possibly without due consideration of data quality and data integrity. Basically, all the Agency is doing is to enable it to track when a system or piece of data has been viewed or modified, according to a report by Quartz wich also published an analogy made by DARPA’s program manager, Timothy Booher, about the blockchain effort: Instead of trying to make the walls of a castle as […]

New Microsoft-Powered Blockchain Project Microsoft runs a centralised treasury for more than 350 legal entities in 118 countries. The company has more than 1,100 bank accounts in over 100 institutions worldwide. At the height of the recent global economic crisis, each dollar held in local subsidiary managed accounts faced increased counterparty risk, sovereign risk, foreign exchange fluctuations, and risk of fraud. To address these issues, and to reduce the exceedingly time-consuming and manual process of funding payroll for more than 200 subsidiaries, Microsoft’s Global Cash Management (GCM) and Global Cash Operations (GCO) teams worked with the company’s banking partner, Citi Global Transaction Services (GTS), to develop an appropriate strategy. “The company wished to reduce average daily balances by automating the collection sweeps and implementing a just-intime funding model for subsidiary disbursements,” explains Jim Scurlock, Senior Manager, Cash Planning at Microsoft. A cross-border inter-company zero balance account (ZBA) structure was put in place. According to Scurlock, Microsoft’s treasury faced two significant obstacles in executing its plan. “The first was a need for ZBA structure with customised text capability. Although many multinational banks have a ZBA product, no bank offered a solution to contain customised texts in the transaction details. However, this […]

ICICI Bank first Indian lender to execute Blockchain transaction ICICI Bank has announced that it has successfully executed transactions in international trade finance and remittances using blockchain technology in partnership with Emirates NBD. “ICICI Bank is the first bank in the country and among the first few globally to exchange and authenticate remittance transaction messages as well as original international trade documents related to purchase order, invoice, shipping and insurance, among others, electronically on blockchain in real time,” the bank said in a statement. The usage of blockchain technology simplifies the process and makes it almost instant-to only a few minutes. This is in contrast to the current process which involves a complex and lengthy paper trail that requires international shipping and courier, it said. “ICICI Bank executed these pilot transactions via its blockchain network with Emirates NBD on a custom-made blockchain application, co—created with EdgeVerve Systems, a wholly-owned subsidiary of Infosys,” the release said. The blockchain application replicates the paper—intensive international trade finance process as an electronic decentralised ledger, that gives all the participating entities, including banks, the ability to access a single source of information. This enables all the parties, viz, the importer in Mumbai; ICICI Bank, Mumbai; […]

7 Financial Firms Test Blockchain for Data Management Credit Suisse, Citi and HSBC are among seven money related firms to take an interest in an information administration trial reported today and led with backing from blockchain firms Axoni and R3CEV. Highlighting purchase side and offer side firms, the multi-month exertion imagined how a dispersed record model could be worked to upgrade hazard administration, expense and effectiveness issues while overseeing money related reference information. Additionally included was the Securities Industry and Financial Markets Association (SIFMA), an exchange bunch speaking to US securities firms. As indicated by a discharge, the model utilized Axoni Core, the startup’s restrictive appropriated record programming to reproduce the community oriented administration of reference information utilized as a part of corporate security issuance. The organizations said: “The innovation empowered members to interface with reference information after issuance, with any proposed changes requiring acceptance by the guarantor to guarantee the record gave a solitary, permanent record of all information identified with the bond.” As per the organizations included, the task could exhibit how controllers and system members can utilize the innovation to see which parties on a record have made, issued and proposed corrections to an information record. In […]

How can a voting platform that touts transparency also be secure? That’s the question posed by Jackie Burns Koven, a Research Assistant of Technology and Public Policy at Columbia’s School of International and Public Affairs in her published piece by Forbes.  It looked into how the solution to safeguard against vote rigging could be through the adoption of blockchain technology as advocated by some cybersecurity experts who see offline paper-based elections as the ultimate security measure to protect U.S. elections from foreign tampering. This is based on increasing concerns that hackers will seek to infiltrate the decades-out-of-date voting machines with very little technical sophistication and manipulate votes cast for the next U.S. president in November. In July, it was revealed that Federal investigators tried to warn the Democratic National Committee about a potential intrusion in their computer network months before the party moved to try to fix the problem. There were also accusations of election rigging which have lead rights group in the US to call for a return to hand-counted paper balloting as a universal standard for elections in an effort to boost transparency and prevent vote irregularities that many see as a threat to the country’s democratic system. Worst of it all was the FBI’s confirmation that […]

BlockCypher, leading provider of Blockchain Web Services™, enables companies worldwide in providing faster, lower cost, and more secure settlement and clearing of payment transactions. BlockCypher’s customers service over 4.5 million users. “Many companies are addressing the cost and processing times of international payments. It’s too expensive and slow,” says BlockCypher founder and CEO Catheryne Nicholson. “BlockCypher executes almost-instantaneous payments and is used worldwide. It’s real and in production today. It’s not a theoretical 80+ people design-phase POC.” While many banks have started proof of concepts to explore the use of blockchain technology, BlockCypher customers are already in production. BlockCypher enables payments to the far reaches of the world, such as South Africa, Asia, Argentina, Brazil, Indonesia, Denmark, Mexico, and the Philippines. In all these cases, BlockCypher Payments™ enable companies to provide faster, lower cost and more secure payments. BlockCypher Payments™ includes: Confidence Factor API - calculates the probability of whether a transaction will be confirmed, within seconds. Webhook API - identifies fraud or double spending attempts. Transaction API - enables creation and propagation of transactions, including multisignature transactions. Address API - validates and provides information about an address. Ethereum APIs - enable smart contracts that selectively execute responses. In addition […]

IBM (NYSE: IBM) today reported it has marked an agreement with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to look at the outline, administration and execution of agreements among business accomplices utilizing blockchain advances. The two organizations will start by guiding blockchain to mechanize business exchanges between the two organizations. This is one of the main ventures based on the Hyperledger Project fabric, an open-source blockchain stage, to utilize blockchain for genuine contract administration on the IBM Cloud. IBM and BTMU have constructed a model of brilliant contracts on a blockchain to enhance the proficiency and responsibility of administration level assentions in multi-party business connections. The bank arrangements to start utilizing it to oversee contracts inside their business in financial year 2017. What’s more, IBM and BTMU intend to oversee understandings between the two organizations with the framework before monetary year’s over 2017. To enhance productivity, IBM and BTMU will screen conveyance and use of hardware with a sensor that implants data into the blockchain. This will then mechanize invoicing and installment forms between the two organizations. “Blockchain innovation can possibly change the money related world, as well as different regions of the business world, prompting enhanced effectiveness of the end-to-end […]

WeBank, launched last year by China’s internet giant Tencent whose instant messaging service Wechat and QQ is used by around 650 million people, is to present at Shanghai’s Global Blockchain Summit on the 23rd of September. As China’s first online-only bank, WeBank has extended $4.5 billion in loans, but faces stiff competition from Ant Financial’s internet bank – MYbank – as Alibaba and Tencent engage in an epic battle for domination of China’s online payments market which controls more than half of all payments in China. They both are known to have joined blockchain consortiums, but it wasn’t previously clear whether they were incorporating blockchain tech internally. The surprise addition of WeBank to the Global Blockchain Summit strongly suggests they are and may even make an announcement (we have no knowledge of the contents of WeBank’s presentation). They may be highly incentivized to do so as, according to FT, WeChat Pay spent $46 million on bank transaction fees in January alone. Many reports have suggested that such fees can be considerably reduced by the use of blockchain tech which would give either of the two giants a boost and an edge. Shanghai skyline Shanghai, the venue for the Global Blockchain […]

The eight major providers of Bitcoin debit cards with the question: Can Bitcoin debit cards really be private or anonymous? Below are the results, categorized by region and level of disclosure required. Financial privacy: Bitcoin vs. banks One of the main advantages of using Bitcoin over traditional funding methods is privacy. When a Bitcoin transaction is sent, its record is permanent and public on the blockchain, but not tied to any particular identity. Many users, such as those who frequented the Silk Road, prefer Bitcoin for exactly this reason: it’s anonymous and private. However, one of the major challenges of using Bitcoin is the limited number of merchants and services that accept it as payment. Enter Bitcoin debit cards, a product that takes Bitcoin and converts it into currency for use at traditional merchants. The challenge with Bitcoin debit cards is that, by and large, they tend to require the same level of financial disclosure of traditional financial institutions. While this is still an advantage over banks, which can shut down the account of a customer at any time under any pretense (especially under pressure from government), it still does not constitute financial privacy. Full identification (US) Coinbase Coinbase has a debit […]

SHA-256 and Scrypt are the two most normal calculation frameworks utilized by cryptocurrency excavators as a part of request to confirm squares of exchange information. The framework utilized, lamentably, is not up to the excavators; it’s set by the designers of a given kind of money. When you go to cryptocurrency discourse sheets and discussions, you’ll discover there’s an energetic verbal confrontation between the two calculations. We’ll take a gander at the two sorts, and the contentions being made for and against them. Before bouncing into that, in any case, we should talk hash in somewhat more detail. The term alludes to complex scientific calculations that are required all together for fruitful mining to occur, and you’ll frequently see “hash rates” recorded alongside equipment made for computerized money mining. The higher the hash rate required for fruitful mining, the more drawn out and more troublesome the procedure will be for mineworkers; this is communicated as the “hash trouble” of a given kind of coin. Here are a portion of the hash rate shortened forms you’ll see, and what they mean: KH/s: Kilohashes every second, or one thousand hash calculations for each second MH/s: Megahashes every second, or one million hash […]

All swiscoin member should know swiscoin price prediction is very high everyday. Worlds top economist truly said to the investor should know the 10 things always. Investment is not short term business. if you have to be millionaires so you give time and its time for best every swiscoin investor. Today many swiscoin enthusiasts in swiscoin pool mining website or exchanger built and starting the business with swiscoin currency. The world in most people says investment is long term business but not the success because his mind in one negative point create every day my money lost and after how they will back. so please you don’t mind swiscoin is very trusted and next successful crypto currency. if you have late in swiscoin investment so, you have lost your millionaires chance. Start mining or exchanger use and create new platform many users start that types of work. for example: check  Novaexchange and kingcoinexchanger they start the business with swiscoin and every day lots of transaction in the world swiscoin mining this party platform example tekyboy.tech start pool mining. “It’s great money because it’s limited in supply, so preserves its value long term, and it’s instant. You immediately receive it. It also has no counterparty risk. It’s a […]

You’ve probably heard of Swiscoin, the most famous cryptocurrency. It’s a digital currency, and new units of currency are generated by “mining.” This is a computationally intensive task, and it requires a lot of processing power. Essentially, the computer is rewarded for solving difficult math problems. This processing power is used to verify transactions, so all that number-crunching is required for the cryptocurrency to work. That’s an extremely basic explanation — read our in-depth explanation of Swiscoin for more details. In its essence, Swiscoin is a crypto-currency implemented entirely with open source specifications and software which relies entirely on a peer-to-peer network for both transaction processing and validation. We will briefly cover how this works (for more technical details, you can see the links at the end of the article), but we are primarily going to focus on the Swiscoin economy itself. How Swiscoin Mining Works So, how does Swiscoin mining secure the network? Like Bitcoin mining, swiscoin uses proof-of-work which makes mining a costly process in terms of both time and energy. In order to send Swiscoins, transactions must be included in a block. Swiscoin miners then verify these transactions through proof-of-work. The miners check incoming transactions against previous […]

Hey Guy’s Today I have Show You How to Use Swis Exchanger ? That’s Question obviously on your mind:- How to Buy SCN How to Sell SCN How to Add SCN Balance your Exchanger How to Add BTC Balance your Exchanger   First of all, Click Register button After Fill Up Registration Detail Generate UserName, Password or Transaction password…Check your mail box and confirm Email Verification… Now Done.,  Login Successfully. Now, You can Authorized Buy and Sell BTC or SCN Balance or Convert Each Other… Know All This Detail Step by Step with official website:- Click Here => Which work done by swis exchanger. => If you don’t know swis exchange or what is actually done with swis exchanger or why to build siws exchanger. => Today Market in many cryptocurrencies available and work with many platforms but all cryptocurrency make exchanger where user transfer currency to other currency. => Currently in the world largest market bitcoin, say another word bitcoin is father of all digital currency. => So we have to think SCN to BTC platform and users get more advantage. => Here you can buy and sell swiscoin or bitcoin. => We make buying and selling of Swiscoin simple and straight forward. => If […]

Difference between swiscoin payment Vs Traditional payment method:- Easily Transaction with swiscoin Since I get paid in USD then I would need to convert that into swiscoin somehow. Most likely by buying them from an exchange. Surely this just creates an unnecessary step since I could just pay the merchant directly using the same method that I purchased the swiscoin from the exchange with. Even if you are worried about anonymity you could just send cash through the mail directly instead of first sending it to an exchange. I mean, ultimately you need to convert the currency you are paid your salary into swiscoin one way or another. Why not just use that method to send the money directly? Show this image and Decide what is the best and easy method with safe your money transaction. An alarming number of countries have gone bankrupt in recent times. However, when a developed European nation goes bankrupt, the world notices. The recent Greek debacle has brought to limelight, one of the main reasons bitcoin was invented. Because your government and central bank can go bankrupt too. And when that happens, you have no access to your own hard earned money. And our current debt […]

1). To send a swiscoin to other address click on the “send” button. In the appear window fill the detail of Pay To(Receiver swiscoin address) and Lable then Amount & then click on send button. 2). You can get receive swiscoin  address by simply click on “receive” button. 3). You can get all your transaction detail by just click on “transaction” button. Continue Read other swiswallet Article:- => Getting Start with swiscoin wallet => Download Swiscoin Wallet => Install Swiscoin Wallet => Things should be take care while using Swiscoin wallet => Taking Backup of swiscoin Wallet => Importing a private key into Swiscoin-Qt => Encrypt SwisWallet

To get coins out of a paper wallet, or cold storage, you have to add the addresses’ private key to your “on network” wallet (Swiscoin-Qt). After you do so, your address is no longer a paper wallet or cold storage (basically, it has been used up). Any remaining funds that you want to keep in a paper wallet or cold storage must be sent to a different cold storage address or paper wallet. Here is how to add the private key to the Swiscoin-Qt (standard) wallet. Click the “Help” menu and choose “Debug window.” Go to the “Console” tab. Type in the command importprivkey leave a space and then paste in the private key. Press <enter> and the client will import the key. It may take a while for it to processes. The address will show up in your “Receive Coins” addresses and becomes part of the Swiscoin-Qt’s wallet. Please note that private keys are normally longer than the example given in the screen shot. If you encrypted your wallet, you will need to type in this command before the ‘importprivkey’ command: walletpassphrase ‘your secret password’ ’30’. Continue Read other swiswallet Article:- => Getting Start with swiscoin wallet => Download Swiscoin Wallet […]

you have to take care of certain things  to avoid losing your swiscoin. Swiscoin wallet works with two key:- 1) Public :- A Swiscoin address, or Public key, is an identifier of 26-35 alphanumeric characters, beginning with the alphabet S, that represents a possible destination for a swiscoin payment. Addresses can be generated at no cost by any user of swiscoin. For example, using Swiscoin wallet, one can click “New Address” and be assigned an address. 2) Private:- A private key in the context of swiscoin is a secret number that allows swiscoins to be spent. Every swiscoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all swiscoin addresses generated for the wallet. Because the private key is the “ticket” that allows someone to spend swiscoins, it is important that these are kept secure. Private keys can be kept on computer files, but in some cases are also short enough that they can be printed on paper. Continue Read other swiswallet Article:- => Getting Start with swiscoin wallet => Download Swiscoin Wallet => Install Swiscoin Wallet => Taking Backup of swiscoin Wallet => Importing a private key into Swiscoin-Qt => Encrypt […]

Swiscoin wallet store swiscoin your swiscoin as well as a physical wallet. Swiscoin wallet is programmed to decide which block chain contains valid transactions. The users of Swiscoin wallet only accept transactions for that block chain, making it the Swiscoin block chain that everyone else wants to use. It is these users who keep Swiscoin decentralized. They individually run their own Swiscoin wallet full nodes, and each of those full nodes separately follows the exact same rules to decide which block chain is valid. There’s no voting or other corruptible process involved: there’s just individual software following identical rules—”math”—to evaluate identical blocks and coming to identical conclusions about which block chain is valid. In addition to improving Swiscoin’s decentralization, Swiscoin wallet users get better security for their Swiscoins, privacy features not available in other wallets, a choice of user interfaces and several other powerful features. Continue Read other swiswallet Article:- => Download Swiscoin Wallet => Install Swiscoin Wallet => Things should be take care while using Swiscoin wallet => Taking Backup of swiscoin Wallet => Importing a private key into Swiscoin-Qt => Encrypt SwisWallet => Send And Receive Swiscoin

This past year I have received a lot of emails asking me about how to mine a cryptocurrency. There are lots of good guides out there for setting up real mining rigs. I used this consolidated guide last year but I recommend Cryptobadger for all current setups. But if you really want to just test the waters with a machine you have laying around, I put together a very simple guide involving the least amount of technical prowess. Step 1: Find, build or borrow a computer with a discrete video card made by either ATI (now AMD) or Nvidia. Radeon cards perform the best usually by an entire order of magnitude. Do not use a laptop because it will likely overheat and you may end up causing permanent damage to the machine (the only exception is a gaming laptop with fans/exhaust). Step 2: Look at the Litecoin mining hardware comparison chart (even though it says Litecoin, you will end up with the same hashrate with Dogecoin or other Scrypt-based cryptocoins). Make sure to see what parameters and settings your discrete card functions best at. Step 3: Download the GUIMiner fork for Scrypt-based cryptocurrencies (Litecoin and Dogecoin are the two largest […]

One year ago, with ASICs introduced for Bitcoin mining, GPU miners for SHA-256 algorithm are dead, with a high end Radeon card cranking out a fraction of a Bitcoin each day. The shift for Bitcoin mining to ASICs mirrors the shift from CPU mining to GPU mining. But for alternative coins which doesn’t hash with the SHA-256 algorithm, Scrypt based coins are designed to be more resistant to ASICs. ASICs, application-specific integrated circuits, are designed for much higher hashrates with much lower power consumption. Eventhough Scrypt is designed to be more resistant to ASICs, there are companies that has ASICs in the works for Scrypt mining. UK-based Alpha Technology has announced the first Scrypt miner designed specifically with Litecoin in mind. The company is in the works to develop not one but two models of the Viper miner which comes with a hashing speed of 5Mh/s and 25Mh/s respectively. The basic 5Mh/s Viper miner consumes less than 100 watts of energy. Compare this to the most energy efficient GPU Radeon 7950 which is hashing at 700Kh/s, consuming 300 watts of energy, the Viper miner is 7 times faster while only consume one third of the energy. Alpha Technology has started accepting a […]

What you get as a networker Swis concept, offers all members, a unique chance for serious earning potential. We value your performance. Swis Rewards incentivize the success stories. We award such as Faster and Super Faster bonuses: Being part of this exclusive circle comes with Rewards, Luxury items such as International Tours, Cash Bonuses, and Luxury cruise holidays. Other members will be inspired by your achievement – and realize what huge opportunities Swis concept offers. Maximize your Lifestyle Swis concept is all about combining business and lifestyle! When you are a member of the Swis concept, you work with a business model that has an unlimited income potential and lots of fun to be a part of life. Furthermore Swis concept has partnered up with the best lifestyle content, experiences that are so special, not even money can buy. Swis concept Provides Amazing rewards for best lifestyle to its members that can be redeemed for luxury holidays, hotels, restaurants and experience days. Want to have an unforgettable week in International Tours? Or take your family, friends and loved Swiscoin on a true life changing experience? Make sure you get in on the action and fun that Swis concept provided. Swis […]

Technology is playing a key role in transforming payment systems. In the past, the immense amount of trust required to be the anchor point in these systems reduced the candidates to states and financial institutions. But now new technologies are gaining the trust required to create a clear alternative to the legacy models. Cash, cards and checks have long been the backbone of consumers’ payment alternatives. These options were well suited for an economy in which payments for products and monthly bills for things like utilities or TV dominated our transactions. But in a Networked Society, we can expect a more transaction-oriented economy. Products can be bought as a service. And pay will be tied to use, measured through advanced analytics systems. This will lead to new transaction systems that will match the needs of the new arena. Trust, trust and trust have always been, and will remain, the three most important requirements for any payment system. The cryptocurrencies introduced in 2009, when bitcoin was launched, have gradually earned the trust required for consumers and businesses to consider them a real alternative. Technology is now taking the role of securing the system, something previously assigned to states and financial institutions. […]

Hash Algorithms Hash algorithms are also known as message digests or one-way transformations. A cryptographic hash function is a mathematical transformation that takes a message of arbitrary length (transformed into a string of bits) and computes from it a fixed-length (short) number. We’ll call the hash of a message m, h(m). It has the following properties: • For any message m, it is relatively easy to compute h(m). This just means that in order to be practical it can’t take a lot of processing time to compute the hash. • Given h(m), there is no way to find an m that hashes to h(m) in a way that is substantially easier than going through all possible values of m and computing h(m) for each one. • Even though it’s obvious that many different values of m will be transformed to the same value h(m) (because there are many more possible values of m), it is computationally infeasible to find two values that hash to the same thing. An example of the sort of function that might work is taking the message m, treating it as a number, adding some large constant, squaring it, and taking the middle n digits as […]

Public key cryptography is sometimes also referred to as asymmetric cryptography. Public key cryptography is a relatively new field, invented in 1975 [DIFF76b] (at least that’s the first published record—it is rumored that NSA or similar organizations may have discovered this technology earlier). Unlike secret key cryptography, keys are not shared. Instead, each individual has two keys: a private key that need not be revealed to anyone, and a public key that is preferably known to the entire world. Note that we call the private key a private key and not a secret key. This convention is an attempt to make it clear in any context whether public key cryptography or secret key cryptography is being used. There are people in this world whose sole purpose in life is to try to confuse people. They will use the term secret key for the private key in public key cryptography, or use the term private key for the secret key in secret key technology. One of the most important contributions we can make to the field is to convince people to feel strongly about using the terminology correctly—the term secret key refers only to the single secret number used in secret […]

A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. Most coins have an official wallet or a few officially recommended third party wallets. In order to use any cryptocurrency you will need to use a cryptocurrency wallet. Below we discuss how digital wallets work and give some advice on which wallets to use. How Does a Cryptocurrency Wallet Work? Cryptocurrency itself is not actually “stored” in a wallet. Instead, a private key (secure digital code known only to you and your wallet) is stored that shows ownership of a public key (a public digital code connected to a certain amount of currency). So your wallet stores your private and public keys, allows you to send and receive coins, and also acts as a personal ledger of transactions. Which Cryptocurrency Wallet Should I Use? We typically suggest using an official (or officially endorsed) wallet for any given coin. So, for Swiscoin we would suggest using the Siwscoin Wallet, and for Litecoin we would suggest Litecoin-QT. There are also universal wallets that can be used like HolyTransaction. If you are new to cryptocurrency, then always download the official (or officially endorsed) wallet from the official website. […]

In a world when everything seems to be going the virtual way, why not virtual currencies? As it happens, cryptocurrencies have been in existence for quite some time and many believe they are the future of currency. The market value is proof of this. At present, Swiscoin is the most popular, highest valued and most secure type of cryptocurrency. It was the first cryptocurrency introduced in 2015 as a decentralised instrument that can be created and used in transactions without an intermediate bank-like financial institution. Swiscoins were specially designed to overcome problems faced with traditional currencies. Various decentralised servers, also known as miners, secure the transactions. Mining is the computational effort of a cryptography proof of work, which confirms a transaction on the network, which, in turn, results in virtual coins as a reward for the miner. When a transaction occurs it is instant and final, there are no potential bank charge backs or any extra fees. Unlike various physical currencies where there is no money trail, these currencies have a ledger, which is updated after each transaction so that you will know exactly whose hands these currencies have gone through. The generation of Swiscoins and the speed at which they […]

Technology is developing as such fast pace, particularly in recent years, and our lives are transforming with it; changing the way in which we interact in our everyday lives. From accessing a wealth of information with just your phone to tapping our debit card on the contactless reader instead of handing over physical money, technology features more heavily in our lives than we often realise. A particular area that has risen in growth, recently in particular, is the concept of digital payments and currency. We are all used to having physical cash in our hands, and seeing the numbers in our bank account rise and fall, but now a reasonable number of us do not withdraw money from a cash point at all – instead choosing to pay via a contactless method or simply just online. From Contactless to Apple Pay Having the ability to visit a coffee shop, swipe your smartphone against a machine and walk out with your beverage having paid is an interesting and useful concept, but one that many will no doubt take a while to get their head around. Whilst it is a great idea that you no longer need to carry your cards around […]