Blockchain Protocol to Mark the End of Databases?
More and more folks are starting to appreciate the blockchain protocol without necessarily associating it with bitcoin. Blockchain refers to the public ledger of bitcoin transactions, which is added by adding a block of code for each verified transaction. This verification process is done by several computers solving complex algorithms. Entries in the blockchain are considered immutable and irreversible, as it would take considerable effort to hack into computers that have completed the verification process to update the code. With that, one of the more practical applications of the....
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Blockchain technology can be used for a wide variety of real life purposes, ranging from finance to databases and transferring ownership. One area often overlooked in this regard is the real estate market, even though this industry stands to gain a lot from distributed ledgers. Transparency, removing the risk of fraud, and speeding up the process associated with buying or selling a property can all be achieved through the blockchain. The main question is: who will be the first to jump on this innovative protocol?
A startup seeking to scale blockchain for enterprise use has raised €3m ($3.37m) in venture capital to do for databases what bitcoin's blockchain did for ledgers. Led by Earlybird Ventures and featuring participation from Anthemis Group, RWE Ventures, innogy SE and Digital Currency Group, BigchainDB's Series A round is intended to help expand the company's staff and bolster its security. Whereas traditional databases are centrally controlled, BigchainDB is working to build a database that has "blockchain characteristics" and that is owned by its users. BigchainDB's co-founder and....
The company behind Daml said it tripled its customer base in 2020, with half of the new business coming from outside the blockchain industry. Digital Asset, the creator of the Daml smart contract programming language, has secured $120 million in Series D financing from investors 7Ridge and Eldridge, setting the stage for continued expansion of the blockchain and data infrastructure company.The impressive funding round follows a year of significant growth for Digital Asset. The company tripled its customer base in 2020, with 50% of new business coming from non-blockchain domains, according....
If Microsoft Azure's CTO is right, R3CEV may have just been the beginning. Mark Russinovich envisions a world where every industry is involved in a blockchain consortium. In fact, since the network effect of a blockchain is only amplified by the number of participants, he thinks this future will prove inevitable as companies seek efficiency in numbers. And there's evidence so far to suggest that Russinovich is right. Since blockchain industry groups first began to pop up last year with the formation of financial consortium R3CEV, the rate those efforts being announced has only increased.....
The Department of Homeland Security (DHS) is preparing to utilize Blockchain technology in securing the transmission and storage of data collected by security cameras, sensors and internal databases. Essentially, the DHS aims to prevent the manipulation of data and potential hacking attacks on thousands of devices operating in airports, at port and on the US borders with Mexico and Canada. Currently, these devices rely on an outdated system based on centralized servers and databases, which are vulnerable to sophisticated malware-related attacks. Dependence on a traditional IT....