Is Blockchain Technology Future-Proof?
Blockchain technology is arguably one of the greatest technological advancements of its era, but as technology improves at an exponential rate, can blockchain security keep up? Blockchain security has become a controversial topic in the crypto space due to the large amount of malicious attacks that have recently taken place. Solutions need to be created that can further advance encryption capabilities. How are blockchains secured? Blockchains are secured via a multitude of different consensus mechanisms, but virtually all, Bitcoin included, share the same underlying security protocol....
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The widespread implementation of blockchain technology will take much longer than imagined due to its multidisciplinary aspects. The world is slowly moving towards distributed ledger technology. The potential advantages of blockchain technology are being discussed across industries and even governments. The recent implementation of blockchain based solutions into stock exchanges and trading platforms, the introduction of asset-backed crypto tokens and announcements made by the government stands proof of the increasing interest in cryptocurrency technology. Blockchain technology has gained....
The Swedish National Land Survey (Lantmäteriet) recently announced that it is conducting trials of a system that uses blockchain technology for land registration. The project, if successful, could have a major a impact on how land deals are conducted. The Lantmäteriet, in partnership with Swedish blockchain company ChromaWay‚ consulting firm Kairos Future and telecommunications company Telia, developed the proof-of-concept of the technology that demonstrates how blockchain technology and smart contracts can make land registration more secure by minimizing the risk associated with manual....
Bitcoin, the cryptocurrency associated with the use of blockchain technology, has struggled to shake of the negative reputation and skepticism for years. However, blockchain itself still holds the tremendous potential to transform, not just the financial industry, but other sectors as well. Blockchain refers to the public ledger of transactions, which are updated upon verification and operate under an additional layer of security. High-powered computers are programmed to solve algorithms to verify each transaction and in doing so, these cannot be amended or deleted. Blockchain Technology....
Sweden could become the first country to put the country’s land registry on the Blockchain, the Swedish Land Registry said. With a population of just under 10 million people, it can be hard to keep track of who owns what when it comes to land ownership in Sweden particularly over a period of time, unless some reliable form of record keeping is maintained. The distributed ledger technology, which happens to be the backbone of Bitcoin, is the perfect solution in keeping track of land ownership, with the Scandinavian country being the latest country looking into how Blockchain can help. Proof....
Proof of existence is an online service to anonymously & securely store an online distributed proof of existence for any kind of document. In this way, the blockchain technology can be used as a notary service. Yes, this notary system has a difference. The difference being that the 'proof' which is basically an 'acceptance' by someone with authority to accept or reject, is decentralised in nature. Consensus as a service. This creative application of the bitcoin technology can revolutionise the intellectual property rights landscape for artists, legal systems, journalists and authors. I....