Reserve Bank of India, i.e., the central bank in India has consistently opposed cryptocurrencies. A lobbying effort on part of technology businesses in India is underway to relax the India crypto ban.
Microsoft enters the promising blockchain identity solutions space
Identity management has a large market, however, it’s plagued with challenges. Blockchain can help here, and the recent move by Microsoft into the blockchain identity solutions space is a good news.
EVRYTHNG and IOTA have partnered to boost blockchain IoT use cases
IoT has significant opportunity for consumer products, however, it needs the help of blockchain. Implementing “Distributed Ledger Technology” (DLT) for smart devices can be tricky, and a recent EVRYTHNG/IOTA partnership can help blockchain IoT use cases.
Barclays and RBS show efficiency gain in a blockchain real estate pilot
Real estate a large market, however, real estate transactions are cumbersome, slow, and expensive. A recent blockchain real estate pilot by Barclays and RBS shows promise, though.
StormX wins a micropayment blockchain patent
Micropayment is a key blockchain use case, however, the scalability remains a challenge. A new StormX micropayment blockchain patent will likely help.
A new Intel blockchain patent proposes to make Bitcoin mining more efficient
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.
City of Austin in Texas partners with IOTA Foundation for a blockchain transportation initiative
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.
Cryptocurrency hacking now targets Electrum hot wallet users with DDoS botnets
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.
Volkswagen plans to use a supply chain blockchain solution to ensure responsible sourcing of lead for their batteries
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.
The Chinese city of Guangzhou uses blockchain for business efficiency
Ease of doing business has now assumed high importance, and a Chinese city is now using blockchain for business efficiency.