bchainjournal

BLOCKCHAIN TECHNOLOGY COULD ‘CHANGE OUR WORLD MORE THAN PEOPLE IMAGINE.’ -ALIBABA’S CO-FOUNDER

 Jack Ma, Alibaba’s co-founder, mentioned that blockchain technology could “change our world more than people imagine,” while speaking about the potential ...

TRON ACTIVATES ITS MAINNET

 TRON (TRX), the tenth largest cryptocurrency with a market capitalization of $2.7 billion, announced that its mainnet the TRON Foundation called “Independ...

PHARMACEUTICALS GIANT MERCK PLANS TO USE BLOCKCHAIN TO VERIFY THE AUTHENTICITY OF MEDICATIONS

 Pharmaceuticals giant Merck plans to use blockchain to verify the authenticity of medications by following them as they move through the supply chain, rep...

BREAKING “THE SILO BETWEEN BLOCKCHAIN-BASED CRYPTOCURRENCY AND THE EXISTING MONETARY SYSTEM” IS A PRIORITY FOR THE PBOC

 The Digital Currency Research Lab at the People’s Bank of China has been working hard to develop a cryptocurrency which would be composed of features of b...

THE IMPORTANCE OF PRIVACY FOR CRYPTOCURRENCY AND THE WORLDWIDE ECONOMY

 Michael J. Casey, the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative explains the...

HOW A CENTRAL BANKER ENVISIONS BITCOIN, DLT AND BANK LEDGER IN THE FUTURE

 Yao Qian, the director-general of the Institute of Digital Money of the People’s Bank of China, explains how he envisions Bitcoin, distributed ledger tech...

BLOCKCHAIN IS ‘DEFINITELY AN OPPORTUNITY’ IN THE LONG TERM, SAYS UBS CEO

 UBS CEO, Sergio Ermotti, said that blockchain is “definitely an opportunity” in the long term to help businesses reduce their costs, according to an inter...

WHAT IS THE DIFFERENCE BETWEEN LITECOIN AND BITCOIN?

 Alok Yadav, a cryptoanalyst and researcher at Indian Institutes of Science Education and Research, answers the question on Quora: What is the Difference B...

THE WORLD’S LARGEST BLOCKCHAIN INSURANCE GROUP WILL USE R3’S CORDA PLATFORM

 The world’s largest blockchain insurance group will use R3’s Corda platform in order to develop new products, reported Coindesk on June 18. The Blockchain...

SQUARE IS GRANTED A BITLICENSE

 The payment firm Square is granted a BitLicense from New York regulators, according to a press release published on June 18. The New York State Department...

A TRANSITION THAT WILL BRING BLOCKCHAIN FROM NICHE USE CASES TO GENERAL-PURPOSE TRANSACTIONS

 Paul Brody, a principal and the Global Blockchain Leader at EY, explains a transition that will bring blockchain from niche use cases to general-purp...

FACTOM BLOCKCHAIN INITIATIVE IS GRANTED THE TASK TO SECURE U.S. BORDER PATROL DATA

 Factom Blockchain Company is granted the task to secure the U.S. border patrol data recorded with cameras and sensors through a platform in a beta version...

TWO MAJOR RUSSIAN BANKS ARE TESTING CRYPTOCURRENCY PORTFOLIOS

 Two major Russian banks, Sberbank and Alfa-Bank, are testing cryptocurrency portfolios for private clients, according to a local news outlet. The two...

WHAT’S THE DIFFERENCE BETWEEN THE ETH AND EOS CRYPTOCURRENCIES?

 Knut Andre, cryptocurrency investors with years of experience and a graduate student that studied business and international economics, answers the questi...

JD.COM PLANS TO ISSUE ASSET-BACKED SECURITIES ON THE BLOCKCHAIN

 E-commerce giant JD.com plans to issue asset-backed securities (ABSs) on the blockchain, reported Cointelegraph on June 13. The subsidiary JD Finance will...

WHAT IS THE BITCOIN LIGHTNING NETWORK AND ITS BENEFITS?

 Abhishek Singh, the Program Director at Blockchain Semantics answers the question on Quora: What is the Bitcoin Lightning Network and Its Benefits? The Li...

BITCOIN’S PRICE INCREASED ABNORMALLY DURING THE RECENT BOOM DUE TO TETHER MANIPULATION, A STUDY SAYS

 Bitcoin’s price increased abnormally during the recent boom due to the manipulation of the U.S. dollar-pegged tether, reported Coindesk on June 13.  ...

GERMANY’S FINANCE REGULATOR CHIEF: BLOCKCHAIN CAN TURN THE ENTIRE FINANCIAL SECTOR ‘UPSIDE DOWN’

 Germany’s finance regulator chief, Felix Hufeld mentioned that blockchain can turn the entire financial sector “upside down” and that it is “revolutionary...

FINANCIAL INSTITUTIONS HAVE RAISED THEIR BLOCKCHAIN BUDGET OF 67% IN 2017, ACCORDING TO A RESEARCH

 Financial institutions have raised their blockchain budget of 67% individually in 2017 with a combined total of $1.7 billion invested for the technology, ...

SOUTH KOREAN BANKS WILL ROLL OUT A BLOCKCHAIN-BASED ID VERIFICATION SYSTEM IN JULY

 A group of South Korean will roll out a blockchain-based ID verification system in July, reported Coindesk on June 12. The new system called BankSign...