Blockchain Latest - Daily News Capsule

Dogecoin is Worth 12 Cents: The Next Bitcoin?

15Apr

By Ayushi Sharma1 Comment

Bitcoins, Blockchain

Dogecoin is Worth 12 Cents: The Next Bitcoin?

Elon musk jokingly tweeted about the crypto Dogecoin. But his joke turned out to be true. Dogecoin has reached its all-time high according to the Coinbase data. They confirmed it has risen up to 70.22% in the last 24 hours - the highest ever recorded. At the moment, this crypto is valued at $0.122680 or almost 12 cents. The market cap of DogeCoin — which started as a joke and is literally classified as “a meme coin” — is currently over $14 billion. This is the highest-ever for the cryptocurrency, and the result of a semi-ironic movement that’s involved thousands of buyers, tens of thousands of online posters, and the world’s richest man, Elon Musk. In early January, each token was worth less than one cent. In late January, when both the GameStop and DogeCoin movements hit their stride,...

Tech Mahindra Launching Blockchain Solution for BFSI Clients

6Apr

By Ayushi Sharma2 Comments

Blockchain, news

Tech Mahindra Launching Blockchain Solution for BFSI Clients

Tech Mahindra Ltd has partnered with a Netherlands-based blockchain application service provider called Quantoz. In order to launch a new scheme of a blockchain solution for global banks and financial institutions. The usage of Stablecoins as a mode of payment can result in reducing transaction costs and processing time. Also while providing the potential to audit and high security. “This collaboration is in consideration of the OCC (Office of the Comptroller of Currency) announcement allowing federally chartered US banks to use stable coins for standard banking functions like payments and transactions. This will accelerate the regulated use of blockchain and has the potential to boost its adoption across banking vertical," Tech Mahindra said in a statement. Stablecoins are di...

Global Blockchain and Cryptocurrency Report 2021: Complete Analysis

3Apr

By Ayushi Sharma1 Comment

Blockchain

Global Blockchain and Cryptocurrency Report 2021: Complete Analysis

The "Global Blockchain and Cryptocurrency Market 2021" reveals the continuing interest of online retail and payments major global players in cryptocurrency and blockchain-based technology. The publication indicates also that developing countries are leading the market. Cryptocurrency is gaining popularity around the globe The report cites studies showing that by 2030, blockchain technology is expected to be a significant contributor to the global GDP. Which is lifting it up by close to USD 2 trillion. However, if the situation is at present, developing countries will be setting the trends in cryptocurrency implementation and development. Ukraine and Russia are leading the ranking of cryptocurrency adoption. Some African countries made it to the top ten despite their infrastructure cha...

Blockchain Comes Under Data Privacy Search

1Apr

By Ayushi Sharma1 Comment

Blockchain, news

Blockchain Comes Under Data Privacy Search

Blockchain is a decentralized digital ledger, which records transactions taking place in a peer-to-peer network. In a simple explanation, blockchain is a collection of databases in form of blocks, connected to each other. Nothing can be deleted or modified in the database after it has been added and approved. And that's why blockchain comes under data privacy search. While there are numerous blockchain platforms, perhaps the most recognized blockchain platforms are the Bitcoin blockchain and Ethereum, the blockchain for Ether. The Bitcoin blockchain is credited with sparking the adoption of blockchain as it sheds light on the potential of decentralized finance. However, Ethereum is the blockchain platform that has emerged as the catalyst for innovation because of its ability to enable the...

RBI hinted at starting a blockchain system soon

31Mar

By Ayushi Sharma1 Comment

Blockchain, news

RBI hinted at starting a blockchain system soon

After the ban on cryptocurrency, the government announced to bring its own "digital currency". India's central bank Reserve Bank of India hinted at starting a blockchain system soon. The report, quoting sources, stated that the digital currency system would be pretty much like cash to give firm control to the apex bank. The central bank's private blockchain system will be based on the Unified Payments Interface (UPI) model. A place where public and private sector firms can create their apps. However, the talks are in the initial phase, and a final decision has yet to make it. Also Read: ITI debut healthcare services using blockchain technology Announcement of Crypto Ban February 2021, Reserve Bank of India (RBI) chief Shaktikanta Das stated that the central bank had reservations over c...

ITI debut healthcare services using blockchain technology

29Mar

By Ayushi Sharma1 Comment

Blockchain, Health, Opinion

ITI debut healthcare services using blockchain technology

ITI Limited, India's telecom products manufacturing arm, and Thalamus Irwine, a local startup have come together to develop a technology for storing medical data on the blockchain and conducted a Proof of Concept (POC) with as many as 300 patients on Thursday. The blockchain technology-based solution by the two companies would also enable the Centre's ambitious One Nation One Health Card initiative, in line with the National Digital Health Mission (NDHM) to develop the backbone to support the integrated digital health infrastructure nationwide. "India is one of the few countries to start a blockchain-based health data record system where better care would be provided to those who need medical attention,: Rishabh Sharma, chief executive of Thalamus Irwine said, adding that with the ITI pa...

Spanish companies using blockchain technology to promote digital identity

26Mar

By Ayushi SharmaNo Comments

Blockchain, Finance, news

Spanish companies using blockchain technology to promote digital identity

Spanish companies (almost 10) are working together to develop a self-managed digital identity model with Blockchain technology. This will help Spain in the front steps to development. The project had Banco Santander, Bankia, BME, CaixaBank, Inetum, Liberbank, Línea Directa Aseguradora, Mapfre, Naturgy and Repsol, and also the Alastria consortium. This will provide people manage their own personal data, settling digital identity managed by themselves. This project assured a secure and reliable usage. Self-managed identity enables people to have their personal data in a single digital identity, backed by the companies involved and stored on their own mobile device. Users may decide who to share the data with at any time in a fast, simple, secure process, in order to take up any service wit...

Cryptocurrency ban may have collateral impact on Indian blockchain firms

25Mar

By Ayushi SharmaNo Comments

Blockchain, news

Cryptocurrency ban may have collateral impact on Indian blockchain firms

The news of the ban on cryptocurrencies in India has become an issue for the entire blockchain world. While crypto exchanges and wallets are obviously concerned, industry stakeholders said a ban could affect non-crypto companies too — those who use the blockchain infrastructure to build decentralized applications (DAPPS). For some, this means delays in raising funds, while others are already considering winding up their India business and setting up shop elsewhere. What investors have to say? Stakeholders said that it’s unclear whether building public blockchain-based products will still be feasible if a ban occurs. A public blockchain isn’t managed by any central entity and is instead run by the public. “A blockchain by definition is a decentralized network, and a token is an integr...

Garbage Cleaning using Blockchain in India

19Mar

By Ayushi SharmaNo Comments

Blockchain, news

Garbage Cleaning using Blockchain in India

The journey of plastic from end product to end product is a long process. There is a number of processes including collectors, processing centers, and types of refusal. US government is trying to incorporate garbage cleaning using blockchain technology to make a transparent process. Blockchain, a decentralized ledger for keeping records, can handle a huge amount of data. Moreover, it is nearly impossible to forge data stored in the form of a ledger. many of the applications of blockchain are in the early stages. Blockchain is used in innovative fields like banking and real estate to now waste management. Crypto for garbage cleaning An Entrepreneur named Ivan Zubilewicz from Argentina created crypto to improve local waste. The cryptocurrency Jellycoin, scheduled to release this month...

Automated Blockchain Functions in GraphLinq Protocol

18Mar

By Ayushi Sharma1 Comment

Blockchain

Automated Blockchain Functions in GraphLinq Protocol

GraphLinq protocol established this year provides crypto users a new model of integrating blockchain automation on any blockchain-related activity. GraphLinq protocol comes with unique tools like an engine and integrated development environment (IDE). However, these automated services leverage centralized data streams and several blockchains. GraphLinq protocol allows users to receive ticks and up-to-date data on centralized exchanges and DeFI applications. Therefore, every information shared is stored safely in the engine database storage. It is very user-friendly as there is no need for prior knowledge of coding to start any task. GraphLinq plans on conducting a public sale via Unicrypt scheduled to start on March 21, 2021, at 18:00UTC as an Initial Liquidity Offering (ILO). The ...