Jun 15, 2016
How legit is your luxury item?
Posted by Alexandra Whittington in categories: bitcoin, business
Raketa will be one of the the first companies in the world to record the production of physical goods in the Blockchain.
Raketa will be one of the the first companies in the world to record the production of physical goods in the Blockchain.
Exponential Finance celebrates the incredible opportunity at the intersection of technology and finance. Watch live as hundreds of the world’s leading investors, entrepreneurs and innovators gather in New York to define the future of the way we do business.
In Bitcoin’s early years computer scientists and early adopters were running the show. Now, a new community of academics, entrepreneurs, and economists, are working with cryptocurrencies and blockchain to bring the technology to a new set of diverse applications.
From building peer-to-peer networks for secure data computation and storage to decentralized content management systems that give patients access to health-care records across hospital databases, blockchain and digital currencies are starting to rewrite the rules of the 21st century transaction.
Continue reading “Digital Currency Tech Will as Be Transformative as the Internet” »
“In an obscure corner of the internet, an anonymous person or persons published a math paper — the “Bitcoin white paper” — that solved a problem that had until then stumped computer scientists: how to create digital money without any trusted parties.”
Wall Street banks are buzzing about blockchain.
Goldman Sachs says the technology “has the potential to redefine transactions” and can change “everything.”
JPMorgan last month announced it was launching a trial project with the blockchain startup led by its former executive, Blythe Masters. Her company, Digital Asset Holdings, has secured funding from Goldman, Citi, ICAP, and a boatload of other financial firms.
Anyone who has heard of Bitcoin knows that it is built on a mechanism called The Blockchain. Most of us who follow the topic are also aware that Bitcoin and the blockchain were unveiled—together—in a whitepaper by a mysterious developer, under the pseudonym Satoshi Nakamoto.
That was eight years ago. Bitcoin is still the granddaddy of all blockchain-based networks, and most of the others deal with alternate payment coins of one type or another. Since Bitcoin is king, the others are collectively referred to as ‘Altcoins’.
But the blockchain can power so much more than coins and payments. And so—as you might expect—investors are paying lots of attention to blockchain startups or blockchain integration into existing services. Not just for payments, but for everything under the sun.
Think of Bitcoin as a product and the blockchain as a clever network architecture that enables Bitcoin and a great many future products and institutions to do more things—or to do these things better, cheaper, more robust and more secure than products and institutions built upon legacy architectures.
Continue reading “Is a Blockchain a Blockchain if it Isn’t?” »
Tags: bitcoin, block chain, blockchain, distributed, p2p, peer-to-peer, permissionless, trust, trustless
Editor’s note: This is a guest post by Matt O’Brien.
As the hype and pessimism around blockchain technology converge toward reality over the next several years, one certainty emerging among Wall Street and Main Street traders is that advancements in platform technology will profoundly change how commonly used securities known as derivative contracts will be traded. The distributed ledgers inconceivable just a couple of years ago are on the precipice of ushering in a new era of innovative financial engineering and precision in risk management.
Wall Street firms are beginning to tinker with blockchain and smart contract technology that will allow buyers, sellers and central clearing houses of derivative trades to share information, such as KYC (Know Your Customer), in real time across various distributed ledger platforms unleashing incredible efficiencies.
Continue reading “Blockchain Technology Will Profoundly Change the Derivatives Industry” »
“The individuals who do these types of attacks are well aware of the pressure points and pain points, economic-wise,” says Dr. John Hale, a cybersecurity expert at the University of Tulsa. “They know what they can extract, how much they can extract.
“They prey upon two things: an organization’s reliance on information systems and two, the common situation, where an organization is a little bit behind on backup procedures and policies to prevent these types of things. It really is easy pickings for the bad guys.”
Crypto ransomware is designed to encrypt data stored on the computer, making the data useless unless the user obtains the key to decrypt it. A message details the ransom, which is typically paid in digital currencies such as bitcoin. Locker ransomware locks the computer or device’s interface — save for the ability to interact with the hacker — and demands money to restore it.
Continue reading “Ransomware: the digital plague infecting the world” »
Steve Forbes sits across Brian Singer, a partner at William Blair, as Blair explains the potential of blockhain encryption to empower individuals. He also explains why credit card companies are beginning to embrace a technology that undermines their high fees.
Privacy is practically a joke anymore.
A hacker known as “Peace” is selling what is reportedly account information from 117 million LinkedIn users. The stolen data is said to include email addresses and passwords, which a malicious party could use to gain access to other websites and accounts for which people used the same password.
LinkedIn says it has about 433 million members worldwide, so this data could represent 27% of its user base.