United Nations to Use Blockchain in one of its Projects

The Organization of the United Nations, better known as the UN, has undertaken a strong fight against climate change, which can list different initiatives and programs that seek to save the environment. And one of them, which has just been revealed, will use the Blockchain technology to achieve it. The organization signed a Memorandum of Understanding…

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Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog

Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle trees — a data verification tool —…

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German State Announces Plan to Establish European Blockchain Institute

The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press releaseon May 13. According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics (IML). The press…

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Pfizer Executive: Technology Is ‘Basically Good Enough’ to Ramp Up Production Blockchains

A Pfizer executive has challenged existing theories about slow rates of blockchain adoption — telling the Consensus conference on May 14 that the technology is “basically good enough to have more production blockchains than we have today.” Ken Nessel, senior director of business technology at the pharmaceutical giant, made his comments during the second day of the conference…

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Thundercore Releases the Proof-of-Concept Code for its New Consensus Protocol Called ‘Pala’

Pala is an all-new consensus protocol that allows PoS-based systems to become faster and more efficient. It achieves this by minimizing latency related issues and eliminating bad actors from within a PoS ecosystem — primarily by leveraging finality on the ethereum blockchain. ThunderCore — a public blockchain platform provider — recently released the source code for its latest…

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World Bank Leads Secondary Market Phase of Bond-I Blockchain Bond

The World Bank and Commonwealth Bank have successfully enabled secondary market trading of a blockchain bond, the institutions confirmed in a press release on May 15. The bond, known as bond-i, uses the Ethereum (ETH) blockchain and was the first in the world to leverage the technology fully when it debuted in August last year. Now, a three-way partnership which also included market…

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Brave Blockchain Browser User List Gets a +1 as Popular Non-Profit, NPF Officially a Verified Publisher

Brave, a firm devoted to improving Internet use and ensuring that content creators get their rightful earnings, has recently attained another the milestone. On Thursday, May 16, they have verified, News Public Radio (NPR) as a “Brave Publisher” reports CryptoSlate. This implies that anyone who reads NPR’s content can now tip the writer in Basic Attention…

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Number of Smart Contracts on TRON DApp Shoots up by 1098%

In a recent Medium report, the team at TRON shared their weekly report regarding the TRON DApp (decentralized app) performance. Some of the numbers that have been elaborated upon include the number of DApps, smart contracts, DApp DAUs, the 24-hour trading volume and number of transactions. As per the claims made, the highlight of progress is the…

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Germany Plans Major Digital Token Regulation Effort in 2019

Germany plans to introduce draft regulations allowing blockchain bonds as soon as this summer, local daily business news outlet Handelsblatt reported May 9. Citing Thomas Heilmann, the ruling coalition government’s dedicated blockchain correspondent, the publication revealed the new legislation has already gained mainstream momentum, with a summary paper already in existence. According to Heilmann, it is both necessary and advantageous for…

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Blockchain Entrepreneur, Ontario Regulators Seek Settlement in Namedrop Scandal

The Ontario Securities Commission (OSC) along with blockchain corporation NextBlock Global Limited and its CEO Alex Tapscott, have filed for a public settlement hearing on May 9. Tapscott and NextBlock were previously accused by the OSC Staff of the Commission of misleading prospective investors during a funding round that reportedly “raised approximately $20 million from 113 accredited investors.” Investors were allegedly…

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