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It’s Bitcoin, Not Blockchain

IntroductionI can’t seem to read a single article about cryptocurrencies or Bitcoin without finding comments like this one:Don’t mix up blockchain with bitcoin. The former is real and will be valuable in all types of applications (supply chain, banking etc., etc.; I agree with you on the latter. – comment sectionOr this one:I do think […]

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How Blockchain and Law Can Work Together

One of the core functions of blockchain is doing away with the need for intermediaries. This, along with the evolution of smart contracts, has led to speculation that there will be no need for lawyers in peer-to-peer transactions. It’s almost inevitable that converging blockchain and law will, in some cases, mean that the role of […]

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Blockchain Fraud: New Policies and Technologies to Stop Crypto Criminals

Blockchain fraud continues to be a massive problem that has hindered the possibilities of new user adoption. Crypto criminals primarily participate in three types of fraud: tax evasion, money laundering, and terrorist funding schemes. Let’s take a look at each of those categories and how legislation and blockchain technology can reduce, or even eliminate, these […]

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Jack Dorsey: Twitter Is Considering the ‘Untapped Potential’ of Blockchain

Twitter CEO Jack Dorsey testified before a Congressional committee Wednesday, September 5 that the company is exploring blockchain technology for potential application.Dorsey answered questions during a hearing on Twitter transparency and accountability held in the U.S. House Committee on Energy and Commerce.Doris Matsui, a representative from California, asked Twitter’s CEO about what potential applications blockchain […]

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Why the Big Four Accounting Firms Care About Blockchain

In the world of accounting audits and financial assurance, only the Big Four matter. Deloitte, EY, PwC, and KPMG are the masters of the universe. The Big Four accounting firms have a firm oligopoly over the provision of tax, accounting, consultancy, and audit services to almost all big companies across the globe.All publicly listed companies […]

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Microsoft Is Connecting Its Major Products to Blockchain – Here’s Why

Three years ago, Microsoft Azure was the first to bring blockchain to the cloud. Now it’s connecting the technology to just about everything else.The software giant has quietly been building bridges between its blockchain services and other, widely used infrastructure and platforms, such as Office 365 Outlook, SharePoint Online, Salesforce, Dynamics 365 CRM Online, SAP, […]

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What’s a Sybil Attack & How Do Blockchains Mitigate Them?

A Sybil attack is an attempt to control a peer network by creating multiple fake identities. To outside observers, these fake identities appear to be unique users. However, behind the scenes, a single entity controls many identities at once. As a result, that entity can influence the network through additional voting power in a democratic […]

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Bitcoin and Other Cryptocurrencies Are Useless

AN OLD saying holds that markets are ruled by either greed or fear. Greed once governed cryptocurrencies. The price of Bitcoin, the best-known, rose from about $900 in December 2016 to $19,000 a year later. Recently, fear has been in charge. Bitcoin’s price has fallen back to around $7,000; the prices of other cryptocurrencies, which […]

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The World Bank Is About to Settle a Blockchain Bond Worth $73 Million

The World Bank is expected to settle its first blockchain-based bond worth $73 million this month.Australia’s Commonwealth Bank (CommBank), which was selected as the sole arranger of the issuance by the World Bank early in August, said the bond is to be transacted on Aug. 28, as reported by Reuters on Thursday.Engineered to bring a […]

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What Is Barclays Bank Going to Do with Blockchain Tech?

Blockchain is undeniably the biggest buzzword of 2018. Although, research reveals that just because people have heard of it doesn’t mean they know what it is. The wider public’s definitions in the UK vary from a form of currency to a children’s toy. But with the blockchain race stepping up a gear, Barclays Bank is […]

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