Blockchain 

Ernst & Young Unveils Blockchain Solution for Government Spending

The crypto space has come a long way over the past few years, and so has the blockchain solution space. While it is true that for most people, crypto and blockchain are synonymous, it needs to be kept in mind that the latter is a form of technology that has a wide variety of uses. Nowadays, many of the world’s biggest firms are making attempts to use blockchain technology, and the latest in the line is consultancy giant Ernst & Young. The company announced that it is all set to…

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Blockchain 

Samsung Patents Its Blockchain SSD

In May, South Korean tech giant Samsung (OTC:SSNLF) filed for a patent titled “Programmable Blockchain Solid State Drive and Switch.” Although details about the recently designed system are scanty, a lot of people in the sector are already pointing out the significance of this technology. It appears like most corporations are also following the trend, with several having filed patent applications. Samsung Patents New Programmable Tech Patent wars are not a new phenomenon in the tech sector as there have been several legal battles over the same. In the tech…

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Blockchain 

How Can Blockchain Transform the Real Estate Sector?

Blockchain technology has the potential to revolutionize the real estate sector, from property trading to land registry process, diligence, and quick settlements. Real estate is one of the significant assets in the world. The survey done by Grand View Research says that the global real estate market is estimated to reach a revenue of $4,263.7 billion USD by 2025. However, citizens in developed countries like the USA lost approximately $150 million because of real estate scams in 2018. Though a lot of technology advancements have been made to overcome real…

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Blockchain 

Bitcoin Cash Will Be Available on HTC’s Blockchain Phone

Over the past few years, plenty of cryptocurrencies have been created that have further broadened the ecosystem, and one of the most important ones is Bitcoin Cash. On the other hand, it has to be taken into consideration how a crypto ecosystem is emerging pretty quickly, and one of the recent developments in this regard are crypto phones—or blockchain phones. Over the past weeks, companies like Samsung and LG have announced plans to introduce crypto smartphones, which is why the latest development with regards to HTC is not really a…

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Blockchain 

Santander Launches First Ever End-to-End Bond on Ethereum Blockchain

Spanish banking giant Santander (NYSE:SAN) has announced today that it has become the first bank to use blockchain to manage a bond issue. The bank reportedly issued $20 million USD worth of bonds on the Ethereum blockchain, where it will remain until the end of its one-year maturity. As part of the transaction, Santander used an ERC-20 token to represent the value of the bond, which it issued on Ethereum’s blockchain network. This ERC-20 token was then bought by one of Santander’s companies, Santander Corporate and Investment Banking (CIB), for the…

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Blockchain 

Mastercard Teams Up with Blockchain Firm R3 for Cross Border Platform

Payment leader Mastercard (NYSE:MA) intends to expand a blockchain platform for cross-border settlements in collaboration with Ripple-backed fintech research company R3. Over the course of the past few years, the cryptocurrency space has grown at a remarkably fast rate and after the hibernation of sorts in 2018, most cryptos have been back with a vengeance this year. One thing that needs to be mentioned in this regard is the way in which some of the world’s biggest companies have now identified the true power of blockchain technology. In a new…

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Blockchain 

LG Working on a Blockchain Phone to Compete with Samsung

A blockchain phone is not something many would have thought of even a few years ago. Even around three years ago when the remarkable cryptocurrency bull run had just started off, it was still looked upon as a novelty, and not many had a lot of ideas about what it could eventually become. At the time it was unthinkable that a really strong ecosystem was going to grow that could make cryptocurrency ownership and trading far easier for people. Blockchain Phone Market Heats Up That being said, it has actually…

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Blockchain 

Walmart Deploys Blockchain Technology | Things You Need to Know

Over the past few years, blockchain technology has become synonymous with cryptocurrencies, but it is important to note that the technology in itself has a wide variety of uses. Plenty of companies that have nothing to do with cryptocurrencies are now exploring ways in which to incorporate blockchain technology into operations. Walmart is one of those companies. Important Update In a new development, it has emerged that retail behemoth Walmart (NYSE:WMT) is now deploying blockchain technology in order to improve the system for food traceability. The whole system is based…

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Blockchain 

Liquid Reveals Blockchain Wallet Holding GRAM Tokens

Japanese cryptocurrency exchange Liquid has revealed that proceeds from its resale of GRAM tokens are being held in escrow in a digital wallet. GRAM tokens, the eagerly awaited cryptocurrency by Telegram, were initially available through two highly secretive and selective ICOs carried out in February and March of 2018. A secondary market for these tokens sprung up and saw resale markups of up to 400%. Telegram is yet to officially confirm any details of the Telegram Open Network (TON), its proposed blockchain, but one of the clauses in the ICO…

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Blockchain 

Tech Mahindra Introduces Blockchain Solution for Finance and Insurance

Indian conglomerate Mahindra Group’s IT subsidiary, Tech Mahindra, has partnered with American tech company Adjoint. The company is set to launch blockchain use in insurance services and finance management solution. Blockchain Solution for Financial and Insurance Services On Monday, CommMEA reported that the solution, which is the first of its kind, will be a game-changer. Using the service will save clients up to $4 million for every $1 billion of financial management and banking relationships. Using blockchain in the insurance and finance sector will ensure that clients receive a seamless…

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