Blockchain technology news

A protocol that allows data to be recorded and stored in a decentralized trustless way.

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Ford To Begin Using Blockchain Technology To Track And Improve Fuel Efficiency

The major automobile manufacturer Ford is testing a new blockchain technology that has the goal of improving the fuel efficiency of its vehicles. According to the company, the technology will be used to monitor and implement driving modes that can use fuel in a much more efficient way. Initially, the blockchain will be tested in […]
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Ripple to Bring Blockchain Technology to Finastra’s Banking Customers

Ripple and Finastra have teamed up to offer Ripple’s blockchain technology through Finastra’s payments solutions to support fast cross-border payments. As part of the collaboration, Finastra’s customers will be able to connect and transact with RippleNet partners – more than 200 financial institutions worldwide – and in turn, partners can access Finastra’s vast global footprint. Users will also be able to send international payments with end-to-end tracking and visibility into fees, delivery time and status. Finastra’s hundreds of customers will have access to RippleNet, Ripple’s global blockchain payments network, to provide faster, cheaper and more reliable payments. Customers will be hosted on Ripple’s cloud solution which will significantly improve speed of integration with other network partners and allow for faster upgrades. They will also have the option to use On-Demand Liquidity, which leverages the digital asset XRP for cross border payments. Collaboration will enable financial institutions using Finastra’s solutions to make fast and reliable cross-border payments. This partnership will give Ripple’s more than 200 customers access to Finastra’s extensive network of banks, allowing mutual customers to easily access and partner with each other, increasing overall volume on the network. Finastra’s banking customers currently process millions of transactions each month. “We’re thrilled to be partnering with a forward-thinking company like Finastra to bring Ripple’s technology to their many customers,” said Marcus Treacher, SVP of Customer Success at Ripple. “Finastra is an established fintech player and works with a majority of the world’s top banks. This partnership will enable Ripple to expand the reach and solutions for our partners, and the footprint of RippleNet while allowing customers to transact directly with each other.” “Finastra’s collaboration with Ripple is another strong example of Finastra’s belief that the future of finance is open, and it demonstrates our commitment to bringing the latest innovations and choices to our customers. Collaborating with a company like Ripple that harnesses innovative blockchain technology to provide fast and reliable cross-border payments is particularly beneficial for our customers in geographies where cost of correspondent banking is high,” said Riteesh Singh, Senior Vice President, FMS, Finastra. The post Ripple to Bring Blockchain Technology to Finastra’s Banking Customers appeared first on The Fintech Times.
The Fintech Times

Democratic Presidential Candidate, Andrew Yang’s, Policies Align With Blockchain Technology

Democratic party candidate, Andrew Yang, is one of the strong champions for a Tech advanced America. His policies have been leaning towards ideas that can be easily implemented with modern technologies. Yang has illustrated his understanding of the Fourth Industrial Revolution (4IR) over the course of the campaign by commenting on several topics including the […]
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How Blockchain Technology Use Cases are Positively Impacting Legal Firms

Several industries have already been touched by blockchain technology and the law sector is definitely one of them. A recent article published on DataFloq recently talked about how this part of the industry is dealing with the changes. According to the author, blockchain has a very strong potential to change the field in huge ways […]
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Blockchain technology news by Finrazor

HIGHLIGHT

The cryptocurrency market has been anything but stable in recent days. But we, the Finrazor team, do not let the spikes and free falls distract us from work. For the past few weeks, we’ve been preparing a series of educational beginner-friendly articles about some of the more established as well as newer technologies

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ESSENTIAL

Avalanche introduces a new family of consensus protocols that are claimed to combine the best features of classic protocols and Nakamoto consensus. Described as ‘metastable’, the Avalanche protocol is actually four protocols that build upon each other. These are Slush, Snowflake, Snowball, and finally Avalanche itself

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OPINION

Experts Explain Blockchains

There is a lot of confusion about what blockchains are. In this article, we try to address some of the misconceptions surrounding blockchains and to bring clarification on the matter by turning to expert opinion

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Privacy-focused Brave browser boasts 8M monthly active users

Privacy-focused internet browser Brave has hit 8 million-mark in terms of monthly active users. Announcing the news on Wednesday, Brave said daily active users, on the other hand, have surpassed the 2.8 million mark. The browser, with opt-in blockchain functionality, also compensates content creators, users and advertisers in its native Basic Attention Token (BAT) for viewing online ads. Brave said it has delivered nearly 400 ad campaigns to date. The browser maker further said that it now has over 290,000 verified publishers - 200,000 of those are YouTube creators, 33,000 website publishers, 15,000 Twitch streamers and 28,000 are Twitter accounts. Brave also offers a cryptocurrency wallet for ether (ETH), ERC-20 tokens and collectibles, including BAT.
The Block Crypto

Binance CEO: BNB no longer reliant on reducing supply to increase value

Today, Binance exchange announced that they had completed their 9th quarterly BNB token burn in accordance with the token’s whitepaper. Over 2 million BNB worth around $36.7 million was burnt during this process. This is the second-largest burn of BNB tokens in terms of U.S. dollar value, trailing only behind their 2nd quarterly burn of 1.8 […] The post Binance CEO: BNB no longer reliant on reducing supply to increase value appeared first on AMBCrypto.
AMBCrypto

Crypto.com - OKEx Pool to Offer CRO Staking to Millions of OKEx Users

HONG KONG, Oct. 17, 2019 /PRNewswire/ -- Crypto.com has partnered with OKEx Pool to offer its staking service for Crypto.com Coin (CRO). The millions of OKEx users now can conveniently stake CRO and enjoy staking rewards on the OKEx platform. Crypto.com Chain is a high-performing blockchain powering the crypto payment solution Crypto.com Pay, which allows users to pay or get paid in crypto anywhere, thus driving cryptocurrency adoption globally. The Crypto.com Chain Thaler testnet (alpha version) was launched in September 2019. When the Crypto.com Chain Mainnet goes live, it will be entrusted with key roles on the network, including but not limited to: Execute settlement Order transactions Verify all transactions Provide an escrow ("Proof of Goods & Services Delivered") service ...Full story available on Benzinga.com
Benzinga

Why Satoshi Nakamoto Created Bitcoin?

Through Innovation, everyone aims at changing the plan of action and making changes in the current condition to conduct better items or services. Productive development ought to be an important piece of one's business technique, where someone can make a culture of innovation and make a way for creative thinking. It can also increase the likelihood of one's business succeeding and can create more efficient processes that can result in better productivity and performance. Innovation and creativity are what should someone have to make a difference in the world. One of the most innovative advancement today is the creation of bitcoin. As said to this article, Bitcoin has been the preeminent cryptocurrency since its inception and continues to lead all others by a significant margin. Let’s look at some of the statistics: There are nearly 18 million BTC in circulation and, with a current price of around $8,300, that puts the market cap at over $150 billion. With a daily volume of over $15 billion, Bitcoin trades more than double the next highest-ranked cryptocurrency. To see just how significant Bitcoin is on the global market, it can be useful to look at the user numbers as well. Even though the bitcoin market already reached a legendary status in the crypto world, The creator of Bitcoin has managed to remain anonymous for over a decade. Just using Satoshi Nakamoto as a pseudonym. But why did he created bitcoin and remain unknown to everyone. One of the reasons is to solve some societal problems easily, Satoshi came up with creative answers to solve certain problems in the business. Many times an individual face problems that don’t seem to go away. The answer is to think outside the box to find an answer one never come up with. This way one can make a product, a creative solution to the problems face in the market and make one's business better. Keep in mind that thinking innovatively is the easiest way to beat competitors in the market. Just like what bitcoin did, it dominates the cryptocurrency transactions and remain the number 1 cryptocurrency on the Coinmarketcap. It seems that perhaps the achievements of bitcoin it's impossible to know the true Satoshi. He has become a larger than life character; people have heaped upon him so much of their ideas about who he should be and how he should act, that no one person can live up to the idea that Satoshi has become.
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