Micropayment is a key blockchain use case, however, the scalability remains a challenge. A new StormX micropayment blockchain patent will likely help.
Bitcoin mining is a computation-intensive operation that also incurs a high electricity cost. A new Intel blockchain patent proposes to use hardware accelerator to reduce this energy cost.
Smart transportation needs IoT, and blockchain can help here. City of Austin has now teamed up with IOTA Foundation for a blockchain transportation project involving IoT.
Crypto hot wallets continue to be targets of cryptocurrency hacking. In a recent incident, DDoS botnets targeted 152,000 users of popular Bitcoin wallet Electrum.
Responsible sourcing of minerals is a challenge, in view of a lot of mining activities happening in conflict zones. Volkswagen, the German multinational automaker plans to use a supply chain blockchain solution to ensure responsible sourcing of lead for their batteries.
Ease of doing business has now assumed high importance, and a Chinese city is now using blockchain for business efficiency.
Adaptive cybersecurity solutions need more and more data, and analytics. A new blockchain cybersecurity patent owned by Forcepoint can help in managing this high volume of data.
Investment in blockchain is poised to grow, however, it’s not yet easy for blockchain start-ups to receive investment. A new blockchain investment fund from Kleinwort Hambros, a private bank owned by Societe Generale could help.
Identity management is complex and time-consuming, however, blockchain can change that. Thomson Reuters has recently won a blockchain identity management patent, which should simplify identity management.