Blockchain News


The US Navy

US Navy bets $9.5M on blockchain to secure messaging

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The Simba Chain was given almost $10M to create a preserved communication platform for the US Navy. Chief Executive of the company Joel Neidig noticed that the platform is planned to be finished this year with continuous updates during the following four years. The company also stated that the...

Hyperchain against coronavirus

Hyperchain will fight against coronavirus outbreak

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A February 4 Hyperchain's publication stated the launch of a blockchain-based platform to struggle with the coronavirus plague and will be a donation portal for medical equipment to help hospitals in central China. A current explosion of coronavirus caused the death of over 400 people in the...

Catchain algorithm

Telegram reveals details about Catchain consensus mechanism

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Telegram co-founder Nikolai Durov published a description of the TON consensus protocol called Catchain. According to the document, Catchain is a Byzantine generals task algorithm (BFT) executed on the PoS blockchain, which generally resembles the protocols adopted in NEO or Cosmos. BFT provides a...

Waves Association

Waves launched a non-profit association following German law

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The Waves posted an announcement on February 3, where the platform stated it creates a nonprofit organization named the Waves Association in Frankfurt, Germany, to effectively manage its Web3 ecosystem and promote the construction of DLT. The new-founded Association is going to be stewarded by ten...

Ukraine blockchain

Ukraine created a blockchain based on domestic cryptography

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Ukraine has developed a software package for the basic blockchain system using domestic cryptography with high post-quantum strength. This is said in the press service of the Information Protection department. The technology can be used to conduct various polls, create a national cryptocurrency,...

Mercedes Benz

Mercedes Benz will use blockchain to track carbon emission

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Mercedes Benz corporation and startup Circulor presented a pilot project on the blockchain. The project intends to track the supply chain of cobalt, for understanding the volume of carbon emissions. A joint project between Mercedes and Circulor is part of the Startup Autobahn initiative to create a...

Saudi Aramco

Oil giant company invests into blockchain trading platform

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The venture capital department of Saudi Aramco, the world's largest and most successful oil corporation, has invested $ 5 million in the Vakt blockchain platform. According to information on the Vakt website, the oil corporation has become one of 12 platform investors. Vakt plans to direct the...

LinkedUp decentrelized LinkedIn

Dfinity showed a decentralized version of LinkedIn

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The Dfinity blockchain startup showed an open decentralized variant of a social network LinkedIn for finding and establishing business contacts called LinkedUp, The Block reports. The application runs on the decentralized “Internet computer” Dfinity. According to the company, it will compete...

Tesla car bitcoin node

Tesla electric car was turned into a bitcoin node

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The developers of the Bcoin were able to launch a full-fledged bitcoin node on the on-board computer of the Tesla electric car. #Bitcoin full node syncing in the dashboard of a @Tesla!Try it in your Roadster: https://t.co/dWjYgiD7w8#JavaScript pic.twitter.com/xRMQsliujL— bcoin (@Bcoin)...

Winklevoss twins

Gemini completes 2nd level of cybersecurity compliance exam

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Gemini Exchange proclaimed the successful fulfillment of a detached audit of SOC Type 2 security control systems. The audit was administered by Deloitte from the Big Four global checking firms. Tyler Winklevoss emphasized that Gemini was preeminent in the crypto space to pass the SOC 2 Type 2 exam...

Beer AB InBev blockchain

AB InBev Brewing Company will use BanQu blockchain platform

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The international brewing company AB InBev will use blockchain to work with farmers from Africa who supply raw materials. Due to the lack of developed banking infrastructure in the country, local farmers face difficulties in obtaining tax benefits. Thanks to the new blockchain solution developed by...

Binance P2P platform

P2P merchant program of Binance goes live

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Binance's P2P Merchant program is live now. The platform is used for fiat-crypto speculation and is user-oriented. On January 21, Changpeng Zhao mentioned that, in the preceding quarter, the negotiating volume on the platform has drastically increased, and the global society is looking for more...

Chinese blockchain investments

In 2019 China’s total investments in blockchain dropped 40%

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The newest investigation shows blockchain spending in spheres of investment and funding ventures has lost the upper 40% in China during the last year. China had 245 funding and investment ventures in 2019 altogether, which is almost 60% less than in 2018. China's government held a study with...

Telegram Open Network

Amid legal controversy, TON explorers are already available

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Operating blockchain explorers are ready for TON's testnet, notwithstanding the SEC's lawsuit that made Telegram delay the mainnet start. Blockchair declared the construction of a user-oriented option to Telegram's version. Telegram Open Network gathered over $1.7B in a private ICO in 2018. It...

Russia's prime minister

Russia’s new prime minister about the digital economy

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Russia has appointed a new Prime Minister - Mikhail Mishustin. The former head of the Federal Tax Service of the Russian Federation (FTS) repeatedly spoke out about cryptocurrencies and blockchain. Back in 2016, Mishustin gave an interview to the Russian information television channel RT, in which...

Visa Coinbase Plaid

Visa takes over Coinbase exchange partner for $5.3 billion

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Visa payment system acquired fintech startup Plaid for $5.3 billion, working with the Coinbase crypto exchange and the Abra wallet. The deal will allow Visa to provide users with advanced payment options and related services for fintech developers. Visa's Executive Director and Chairman Al Kelly...

The US Department of the Treasury

US Treasury tests blockchain for tracking federal grants

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The Department of the Treasury in the US, which controls government income, is examining blockchain tech for tracking governmental grant refunds. Modernization program administrator at the USDT Craig Fischer told during one of the last conferences that the Treasury is near to completing a PoC...

Linkedin blockchain job

Linkedin: blockchain entered the top with highest salaries

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In 2020, blockchain developers will become the most sought-after specialists - demand for them will exceed supply. This is evidenced by the study of a social network for finding and establishing business contacts LinkedIn. The analysis was carried out taking into account the professional skills and...

Few of us know that the technology named blockchain, that is so widely spread nowadays, was described back in 1991 by the group of researchers. It couldn’t find practical usage over 2 decades before 2009 when mysterious Satoshi Nakamoto used the technology as the basis of his invitation: the Bitcoin. But what is blockchain, how it works and what problems does it solve? There are a lot of definitions and explanations of this technology but ‘the distributed and open ledger’ describes it the best. Keeping the same information on each node of the network item and checking the compliance while adding any new block, makes blockchain almost absolutely secure and trustworthy. Not drowning in technical details too much we should say that right now blockchain is changing the traditional financial system. Thanks to this technology P2P transactions are reality nowadays. Democratic governments are implementing blockchain in more and more fields of public administration and this is just the tip of the iceberg.

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