Blockchain 

Blockchain and Social Media | A Match Made in Heaven?

Social media platforms of the new future will be very different from what we have today, that is if the current trends are to sustain. Social networking is not an old phenomenon. It has picked up in the last two decades. At the dawn of the internet, as it started to gain mainstream adoption in the early 90s, the only thing we could do was view information and send messages via email. Later on, as the decade progressed, online search started to become a big thing, and later microblogging caught…

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Blockchain 

Blockchain Supply Market to Grow to $9 Billion

Blockchain supply is poised to become a multi-billion dollar market. A study by market research firm Allied Markey Research indicates the size of the market could reach highs of $9 billion by 2025, representing an 80% growth from 2018 levels. Key Growth Drivers Blockchain is the underlying technology that powers an array of decentralized digital assets, key among them being Bitcoin and other cryptocurrencies. Increased usage of the technology to enhance transparency and improved security in supply chains is one of the catalysts fuelling the blockchain supply market. The retail…

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Blockchain 

Litecoin (LTC) Outperforms Bitcoin Ahead of Blockchain Halving

Litecoin (LTC) continues to outperform other cryptocurrencies ahead of the much-awaited halving of its blockchain. Over the last seven days, the altcoin has averaged 5% in returns compared to just 1% for Bitcoin (BTC). Other cryptocurrencies continue to post mixed fortunes after a meteoric rise in the first half of the year. LTC Halving The renewed interest stems from a growing interest in the mining halving process scheduled for August 6. With the halving, miners will end up getting just half of the coins they get now, with each new…

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Blockchain 

Blockchain Firm AmaZix is Tackling Crypto Scams on Telegram

When something becomes popular, illegal activity tends to follow. The cryptocurrency market knows this all too well, which is why AmaZix this week opened up its “moderation bot” so crypto scams can be booted from Telegram, a popular messaging app. Here’s what we know. Telegram Crypto Scams On Wednesday, AmaZix, a blockchain advisory firm, said it was opening up access to its “moderation bot,” in an attempt to boot the crypto scams that have found their way to the Telegram app. For the past two years, AmaZix has used the…

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Cryptocurrency 

Blockchain Firm AmaZix is Tackling Crypto Scams on Telegram: Here’s How

When something becomes popular, illegal activity tends to follow. The cryptocurrency market knows this all too well, which is why AmaZix this week opened up its “moderation bot” so crypto scams can be booted from Telegram, a popular messaging app. Here’s what we know. Telegram Crypto Scams On Wednesday, AmaZix, a blockchain advisory firm, said it was opening up access to its “moderation bot,” in an attempt to boot the crypto scams that have found their way to the Telegram app. For the past two years, AmaZix has used the…

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Blockchain 

IBM Shipping Blockchain Grows with Two More Carriers on Board

Announced today, IBM’s shipping blockchain, TradeLens, has signed up two more major shipping carriers. The tech giant owns the platform with container giant Maersk. IBM Shipping Blockchain Now, the company has added Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) to the network. Both are leading shipping carriers–ranked fifth and sixth in terms of size, respectively. Last month, TradeLens signed up global carriers CMA CGM and MSC. IBM’s shipping blockchain was first launched in 2018 and, at the time, had only one other shipping carrier: Asia’s Pacific International Lines (PIL), along with Maersk…

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Blockchain 

Walmart China Launches Blockchain Platform to Aid with Food Safety Scandals

As with cryptocurrencies, several companies are moving into the blockchain space. The latest, however, is Walmart China, which is the Chinese branch of the US supermarket chain. Here’s what we know. Walmart China Blockchain Platform: What We Know On June 25, Walmart China said it’s launched a blockchain platform that will address food safety concerns. According to the press release, the company will be working with PwC, VeChain, and other blockchain players on the ‘Walmart China Blockchain Traceability Platform.’ While the announcement came out today, the Walmart China blockchain platform…

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Blockchain 

Blockchain Island Malta to Put All Rental Contracts on the Blockchain

Malta has welcomed cryptocurrency with open arms for the last two years—so much so, that several major crypto-related operations have set up shop there. In a bid to become the world’s greatest blockchain island, the company has brought major Asian exchanges Binance and OKEx, as well as Indian exchange Zebpay to its shores. Now, the jurisdiction is once again putting blockchain technology to good use and embracing it wholly. The Prime Minister, Joseph Muscat, announced yesterday evening that every rental contract in Malta would be registered on the blockchain. Rental…

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Blockchain 

Legal & General Partners with Amazon to Develop Blockchain System

It was always going to happen. As the blockchain sector evolves, more companies will start merging into it. And this week, that’s precisely what British insurer Legal & General did. Yesterday, Legal & General, a multinational British insurer, announced that it’ll be working with Amazon to develop a blockchain system. Here’s everything we know. Legal & General and Amazon: A Blockchain Partnership On June 11, Reuters said the multinational British insurer is now working with Amazon to create a blockchain system specifically for corporate pension deals. By using Amazon Web…

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Blockchain 

Visa B2B Connect | Cross Border Enterprise Payments on the Blockchain

Visa announced today that it is entering the $125 trillion money-transferring market and using blockchain technology to do so. Its new product, Visa B2B Connect, is newly launched and allows businesses to transfer money across the globe faster and safer. Let’s check this out. Visa B2B Connect The company has its sights set on cross-border, business-to-business (B2B) transactions, where banks transfer money on behalf of corporate customers. The global money behemoth is using blockchain in order to make these payments faster, cheaper, and more transparent. Its newly launched distributed-ledger called B2B…

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