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Archive for the ‘bitcoin’ category: Page 62

Oct 15, 2016

California Space Center announces blockchain system for space economy

Posted by in categories: bitcoin, economics, Elon Musk, finance, space

California Space Center announces blockchain system for space economy

California Space Center (CSC) founder Eva Blaisdell announced in a press release sent to CoinReport the launch of “Copernic,” a blockchain-based, finance-focused rights management system developed for the space industry.

Named after legendary Polish astronomer Copernicus, Copernic will provide the infrastructure for the future space economy and ecosystem to be built upon, said CSC.

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Oct 13, 2016

DARPA investigating blockchain for nuclear weapons, satellite security

Posted by in categories: bitcoin, cybercrime/malcode, military

If the Defense Department is looking to implement blockchain, other organizations may quickly follow suit. Blockchain technology helps guarantee that information has a timestamp and recorded whenever any change happens, ensuring data can be trusted in real time. In DARPA’s case, blockchain technology could help track attempted data breaches.

“Whenever weapons are employed … it tends to be a place where data integrity in general is incredibly important,” Booher said. “So nuclear command and control, satellite command and control, command and control in general, [information integrity] is very important.”

In September, DARPA awarded a $1.8 million contract to computer security firm Galois, asking it to verify a specific type of blockchain technology from a company called Guardtime. If the verification goes well, the military could become one of a growing number of industries and institutions using blockchain to help ensure the security of their operations.

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Oct 13, 2016

Will Quantum Computers Kill Bitcoin?

Posted by in categories: bitcoin, cybercrime/malcode, encryption, quantum physics

Since they were first theorized by the physicist Richard Feynman in 1982, quantum computers have promised to bring about a new era of computing. It is only relatively recently that theory has translated into significant real-world advances, with the likes of Google, NASA and the CIA working towards building a quantum computer. Computer scientists are now warning that the arrival of the ultra-powerful machines will cripple current encryption methods and as a result bring a close to the great bitcoin experiment—collapsing the technological foundations that bitcoin is built upon.

“Bitcoin is definitely not quantum computer proof,” Andersen Cheng, co-founder of U.K. cybersecurity firm Post Quantum, tells Newsweek. “Bitcoin will expire the very day the first quantum computer appears.”

The danger quantum computers pose to bitcoin, Cheng explains, is in the cryptography surrounding what is known as the public and private keys—a set of numbers used to facilitate transactions. Users of bitcoin have a public key and a private key. In order to receive bitcoin, the recipient shares the public key with the sender, but in order to spend it they need their private key, which only they know. If somebody else is able to learn the private key, they can spend all the bitcoin.

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Oct 11, 2016

Quantum Computing Could Cripple Encryption; Bitcoin’s Role

Posted by in categories: bitcoin, business, cybercrime/malcode, encryption, government, quantum physics

Earlier this week, Canada’s electronic spy agency the Communications Security Establishment warned government agencies and businesses against quantum mechanics, which could cripple the majority of encryption methods implemented by leading corporations and agencies globally.

Governments and private companies employ a variety of cryptographic security systems and protocols to protect and store important data. Amongst these encryption methods, the most popular system is public key cryptography (PKC), which can be integrated onto a wide range of software, platforms, and applications to encrypt data.

The Communications Security Establishment and its chief Greta Bossenmaier believes that quantum computing is technically capable of targeting PKC-based encryption methods, making data vulnerable to security breaches and hacking attempts from foreign state spies and anonymous hacking groups.

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Oct 11, 2016

The Pentagon Wants to Use Bitcoin Technology to Guard Nuclear Weapons

Posted by in categories: bitcoin, military

Blockchain can’t stop unauthorized access, but it could help lessen the damage.

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Oct 6, 2016

Why US and NATO Military are looking at Blockchain

Posted by in categories: bitcoin, military

US defence research unit wants a comms platform built on Blockchain tech.

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Sep 8, 2016

Blockchain Art Exhibitions Explore the Bitcoin Technology’s Future — By Steven Norton | The Wall Street Journal

Posted by in categories: bitcoin, cryptocurrencies, media & arts

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“That contemporary artists are exploring blockchain further suggests the technology has reached a level of cultural significance beyond bitcoin’s initial hype.”

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Aug 30, 2016

Why Bitcoin is and isn’t like the Internet — By Joichi Ito | LinkedIn

Posted by in categories: bitcoin, internet

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“In the post that follows I’m trying to develop what I see to be strong analogues to another crucial period/turning point in the history of technology, but like all such comparisons, the differences are as illuminating as the similarities.”

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Aug 29, 2016

Microsoft and IBM Set Sights on the Next Cloud Frontier: Blockchain-as-a-Service

Posted by in category: bitcoin

IBM Blockchain and Microsoft Blockchain-as-a-Service (BaaS) are carving out and fighting for control over a new enterprise market of cloud-based blockchain infrastructure.

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Aug 22, 2016

UAE considers blockchain technology to prevent global trade of ‘conflict diamonds’

Posted by in categories: bitcoin, finance

New methods to counter attack fraud.


“We have introduced the possibility of using blockchain technology to create a seamless and continued global process for the KP certification scheme,” he said.

Blockchain is one of the most significant elements of the revolution in financial technology – fintech – that has been enthusiastically adopted by the UAE. Both Dubai and Abu Dhabi are setting up centres of excellence in fintech.

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