JPMorgan Chase has announced that it is testing a new privacy protocol called as zero-knowledge proofs to allow private transactions efficiently. The protocol that has been built by AZTEC, a London blockchain startup, is aimed at allowing efficient encryption of blockchain data at lesser costs. As stated, JPMorgan’s Quorum team is testing AZTEC with an intent to industrialize zero-knowledge proofs for Quorum.
J.P. Morgan has announced the launch of America’s first digital coin, dubbed as JPM Coin, that represents the U.S. Dollar. The firm has disclosed its plans to extend the virtual coin to other currencies in the coming days. Built on Quorum, an enterprise grade Ethereum blockchain, JPM Coin allows users enjoy instantaneous transfer of payments between institutional accounts, along with ensuring confidentiality and security from potential frauds.
Blockchain is surely not all about Bitcoins only. In just a few years, the nascent technology has created a dent in every industry. It has already found applications in healthcare, supply chain management, banking and finance, agriculture, retail sector, etc. ensuring security and transparency. It has successfully helped in reducing frauds in various sectors by issuing […]
New America, a non-partisan think tank in the US, Harvard University and Levi Strauss & Co, have collaborated to develop a blockchain-based survey system which aims to enhance worker welfare in the companies. The blockchain-based worker survey system is aimed at providing a transparent evaluation of the working conditions in the factories.
Orange, a telecommunications company, has launched Le Vote, a decentralized electronic voting system based on Ethereum Blockchain. Users will need to download the mobile application and then register their information for checking their eligibility to vote.
ODEM and GE GeniusLink have partnered to develop a blockchain-based education validation platform. The platform is expected to improve the organization’s operations by streamlining the certificates authentication of freelancers. It will also provide a common podium to students on which they can interact with academicians, career advisors, and prospective employers.
Saiterm, an Amsterdam-based heating technology firm, has introduced Spring, a blockchain-powered platform to control energy consumption. The company aims to reduce electricity bills utilizing the distributed ledger technology. As reported, the platform will use the company’s infrared heating technology to cut-down the energy consumption and carbon emissions from industrial and domestic usages.
CoinSuper, one of the largest exchange platforms in Asia, is going to include Nagezeni Tokens in its platform starting from November 12th, as per a recent announcement. The token issuing company which was first founded in Japan in 2016 will now allow users to buy, sell and trade the NZE Tokens in a secured way.
Joseph Lubin, the Founder of Consensys firm has recently opined that in terms of popularity, Blockchain will easily surpass the Internet of today also known as Web 2.0 because of its user-friendliness and transparency. The co-founder of Ethereum even considers the engagement of Blockchain will serve as one of the major technological breakthroughs after the Internet.
“Cryptant Crab”, a blockchain powered virtual game developed by iCandy Interactive has reported to mint over US$50,000 revenue during its pre-sale of 1000 virtual crabs that lasted for 10 days. Cryptant Crab is the first ever blockchain and cryptocurrency based game released by iCandy Interactive that turned out to be a massive hit amongst millions of players present globally.