Christine Lagarde, the head of the International Monetary Fund (IMF) has declared that Bitcoin and other cryptocurrencies could safeguard the global financial system. According to the IMF boss, the prospects of inevitable accidents aside, revisiting cryptocurrencies could benefit the mainstream financial market by harnessing gains and avoiding pitfalls. These statements come as politicians and bankers from all over the world have converged on Washington DC for the 2018 Spring Meeting of the IMF and the World Bank.
Recently in the news for its decision to enter the ASIC chip manufacturers’ arena, Samsung is contemplating life on the blockchain in other ways as well.
The North Korean giant is a virtually ideal case study in blockchain management of supply and logistics. Samsung’s extensive network of component and service suppliers and it’s massive reach across the globe have management contemplating a blockchain construct to optimize their operations.
The city of Austin, Texas is getting ready to implement a pilot blockchain platform that will enable it to better manage the homeless population. The blockchain platform has been specifically designed to help homeless people in the city with regard to effective identity management. The platform is part of a competitive grant created by a collaboration between the city and Bloomberg Philanthropies. Austin is one of 35 cities that has received grants for blockchain pilot programs and the top city stands the chance of winning an additional $5 million.
Dustin Walper, the founder of Akira, the popular telehealth startup is set to make the move to the cryptocurrency scene. Having left Akira less than a year ago, Dustin Walper has launched Newton, his first foray into the cryptocurrency market. He becomes the latest in a growing list of seasoned entrepreneurs who are attempting to break into the cryptocurrency market. Akira was acquired by Right Health, a virtual healthcare service startup in 2017.
The company said on April 11, 2018, that those who can find additional uses for the platform would find welcome aid in the form of a fund set up to facilitate startup blockchain businesses. The company owns around 60 billion of the total 100 billion Ripple tokens ever issued and it is plowing $25 million back into viable entry-stage ideas from budding entrepreneurs.
Blockchain technology continues to attract a lot of attention from diverse groups ranging from government to corporate organizations, and even entrepreneurs. While cryptocurrency might have an altogether bad reputation in mainstream circles, blockchain technology is looked upon with keen interest as it has the potential to transform many aspects of human life. To this end, a lot of time and money has been invested in research activities targeted at discovering innovative blockchain solutions for some of the biggest issues affecting the world today.
Blockchain technology has since its emergence, been identified as having the potential to disrupt and transform several business processes. The decentralized network architecture that is the fundamental operating philosophy of the blockchain creates a situation that challenges the status quo in many mainstream markets. Most of the blockchain related headlines are usually stolen by cryptocurrency news, but somewhere in the background, blockchain technology appears to be causing a radical shift in the digital marketing scene.
In the latest twist to the ongoing Nano/XRB and BitGrail saga, an American investor named Alex Brola has become the face-case for a class action lawsuit that has been brought against Nano. The lawsuit is being handled by the Steven Miller law firm and it is in regards to the recovery of the XRB coins that were stolen from the BitGrail cryptocurrency exchange platform in February 2018. BitGrail which is an Italian based cryptocurrency exchange platform had been the largest platform for XRB transactions handling about three-quarters of the total global XRB trade. XRB is the native coin of the Nano blockchain protocol.
In a classic case of trying to make the best out of a bad situation, Steve Long, the CEO of Hancock Health is on a mission to help others in the healthcare industry protect themselves from the cyberattacks. Computer systems all over the world are in a constant battle with hackers seeking to gain unauthorized access to their systems. In recent years, cyberattacks have become a clear and present danger to the health industry. This is due to the treasure-trove of information held by healthcare firms that are of great value on the black market.
The much anticipated Monero hard fork finally occurred on Friday, April 5, 2018. The Monero blockchain is now on version 12 of its protocol. However, it seems that not all members of the community were in agreement with some of the terms of the hard fork. As a result, 4 new projects emerged in the aftermath of the fork. Before examining these new projects, here is a little bit of information regarding the hard fork.