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Tag Archives: blockchain

BIX Certificates – Cryptographic Tokens Promoting Anonymity For Blockchain Transactions

With the advent of the blockchain technology and the use of the internet along with mobile technologies, a brand new group of transactions and applications, which rely on anonymity, is increasingly gaining interest and acceptance. Ingenious payment systems, blockchain based voting, digital notaries, medical services and electronic auctions represent examples of these new applications. Beside anonymity, such transactions and applications ... Read More »

Secure Multi-party Computing Using Bitcoin’s Blockchain

Secure multiparty computation (MPC) has been extensively researched during the past 30 years as it can theoretically provide limitless computational power. The rise of bitcoin and the blockchain technology, during the recent few years, have created new possibilities that can revolutionize MPC. Inspired by bitcoin, a group of researchers published a thesis that focused on the formulation of a secure ... Read More »

Utilizing The Blockchain & Smart Contract Technologies To Create a Decentralized Government

Bitcoin and the blockchain technology haven’t only revolutionized the financial system, but also introduced us to a whole new era of decentralization that can change the global political system. The blockchain technology has the potential to enable individuals to change how they interact in politics via an unprecedented system that is primarily based on disintermediation via blockchain’s automatic trustless transactions. ... Read More »

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Maximizing Security of Cloud Storage Providers Using PGP and Bitcoin’s Blockchain Technology

Despite the fact that cloud computing is currently adopted on a wide scale, the security and maintenance of privacy of accounts in various cloud computing environments are still questionable. Securing data in a cloud setting utilizes the same methods employed to secure data on a conventional data centre. Many methods are now used to secure cloud storage accounts including identity ... Read More »

A New Model For Incentivizing Producers of Renewable Energy Via Ethereum’s Blockchain

A group of researchers published a paper to help the US State Public Utilities Commissions (PUC) establish an inexpensive framework that enables them to create a unique system for rewarding producers of renewable energy via “Renewable Energy Credits” REC in the form of a cryptocurrency released on Ethereum’s blockchain. The standards proposed by the researchers reward Renewable Energy Producers QP ... Read More »

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Two New Models For Double Spending Attacks On Bitcoin’s Blockchain

Counterfeiting a digital signature on bitcoin’s blockchain is a significantly hard task to execute successfully in terms of processing power. Accordingly, it is almost impossible to change a bitcoin transaction that has been already been signed. Nevertheless, it is still possible to alter the state of a valid transaction via a technique known as “double spend attack” that requires enormous ... Read More »

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How Can The Blockchain Technology Take The Security of IoT (Internet of Things) To A Whole New Level?

Since Bitcoin’s first block;”genesis block”, was first mined, the blockchain technology has been undervalued. However, indicators derived from the current market status denote that the future of this innovative technology is quite promising. There are tens of financial uses of the blockchain, yet the most appealing non-financial use of this technology is its application to maximize the security of the ... Read More »

Eurakos Next: A New Complementary Cryptocurrency Based On the Ethereum Blockchain

Virtual currencies, particularly cryptocurrencies, have witnessed a booming growth pattern during the past few years as they have proven to offer a fast, highly secure, low fee payment method that is exceptionally convenient for small (micro) as well as large transactions. A group of researchers from the University of Girona, Spain and the Universidad Autonoma de Bucaramanga, Columbia have published ... Read More »

Singapore Overtakes HK in Fintech Race, Friendly Bitcoin & Blockchain Regulations

Seunghyun Cho, the chairman of a private investment company called Marvelstone, oversees the development and operations of six fintech startups. In a recent interview with Taipei Times, Cho explained the team’s decision to establish its headquarters in Singapore and the local government’s friendly regulations towards fintech startups, blockchain development and digital currencies. Despite the rapid growth of the Singaporean fintech ... Read More »

Social Networking & The Blockchain Technology – A Brand New Era

The blockchain technology has not only revolutionized the global financial system, but it has also introduced a new concept of decentralization that is just beginning to change the world around us. When it comes to social networking, blockchains can forge innovative solutions that omit the control and censorship imposed by centralized business corporations such as Facebook, Twitter…etc. How Can The ... Read More »

French Bitcoin Startup: Blockchain Will Help 40% of the Unbanked

At the annual Trustech conference, an event participated by leading payment, identity and security experts, France-based bitcoin blockchain data startup Rennes CEO Gilles Cadignan emphasized the ability of bitcoin to target a vast majority of the global unbanked population. As bitcoin experts and investors like former blockchain product lead Keonne Rodriguez note, bitcoin enables previously impossible payments with unprecedented security ... Read More »

The Growing Use of Blockchain Technology Outside Bitcoin

Over the past few years it has become relatively apparent that bitcoin is not going away. Though rumors of its death are always greatly exaggerated, for a few years it seemed there was a real chance the whole idea may never catch on. The unshakeable association with illicit activities, wallet thefts, exchange heists and other bad press made bitcoin extremely ... Read More »

How Bitcoin Blockchain Can Revolutionize Academic Credential Verification

For companies, it is particularly difficult and time consuming to verify academic credentials and certificates of applicants. Chris Jagers, the CEO of Learning Machine believes the blockchain technology can permanently change the traditional method of verification utilized by most companies and educational institutions globally. One of the most controversial cases in the world of technology is the release of former ... Read More »

Korea’s Fourth Largest Bank Tests Blockchain With Coinplug; Eyes Commercial Services

Coinplug, a bitcoin wallet service provider and infrastructure developer funded by billionaire investor Tim Draper in 2014, has partnered with South Korea’s fourth largest bank KB Kookmin to test its blockchain infrastructure’s cross-border payment efficiency. In December 2015, KB Kookmin and Coinplug established a memorandum of understanding (MOU), to form an official partnership and relationship in the investigation and implementation ... Read More »

Digital Asset Holdings & Nasdaq Executive File Blockchain Patents

Nasdaq’s senior vice president of enterprise architecture Tom Fay and former JP Morgan executive’s Digital Asset Holdings have both filed for blockchain patents for the settlement of transactions and assets. The application filed by the Nasdaq executive focused on the methods of recording transactions on a blockchain network. In theory, Nasdaq’s patent entails a private blockchain network, with which the ... Read More »